A rapid rise in the cost of retirement and health benefits is dwarfing wage growth at many California school districts, according to an analysis of newly released 2017 public pay data from […]
For the fifth year in a row, Fire Captain Gregory Bradshaw has topped the overtime pay list at the Orange County Fire Authority (OCFA), thanks to a $267,618 overtime payment which boosted […]
Median earnings for Inglewood residents was around $30,000 last year. Those same residents are required to pay for a police chief’s $524,000 pay package, which includes an ongoing, $61,000 annual bonus for […]
Yves Smith of the Naked Capitalism blog has presented irrefutable evidence that CalPERS CEO Marcie Frost submitted false information to the pension fund when applying for the job she now holds. For […]
A new rule currently being considered by the Actuarial Standards Board would finally require public pensions to meaningfully account for risk. In a commentary for the Voice of San Diego, I explain how […]
The California Public Employees’ Retirement System (CalPERS) is unlawfully withholding information necessary to help safeguard the system from waste, fraud and abuse, a just-filed lawsuit alleges. The problem of disability fraud has […]
The most robust study ever conducted on the topic found that the average California state government worker earned 23 percent more in total compensation than their similarly skilled and educated private-sector counterpart. […]
The total pension benefits promised by the San Diego County Employees’ Retirement Association (SDCERA) increased 1,237 percent from 1986-2016 — an amount which is over 300 percentage points more than the increase […]
The good folks over at the John and Ken show had me on yesterday to discuss our latest report, in which we documented a nearly 900% increase in promised CalPERS pension benefits over […]
On Monday, the Los Angeles County Office of Education and the Fiscal Crisis and Management Assistance Team (FCMAT) released their “Extraordinary Audit of Montebello Unified School District.” In the introduction, the audit cites […]