Gov. Jerry Brown on Wednesday signed into law sweeping pension changes that will save California taxpayers billions of dollars in the future and aim to reform a system woefully underfunded. Brown ...
California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California ...
Could you imagine retiring at 50 years old, collecting more in retirement than you ever did while working? That scenario is a reality in the city of San Diego — and many other cities throughout ...
A second California court has upheld a state law which, among other things, prevents the abusive practice of “pension-spiking” by current government employees. The ruling, which allows changes to how ...
Average monthly pension payments have not only fallen below the living stipends low-income households receive under the National Basic Living Security Act, but the gap is also widening, a shift ...