Brazil: Conservatives Protest to Pressure Congress into Passing Bolsonaro Reforms
Brazilians demonstrated across the country on Sunday to pressure the country’s Congress into passing a range of reforms put forward by President Jair Bolsonaro.
Pension debt
San Diego Begins to Solve the Pension Problem — as California Sinks
California’s total public employee pension debt of $2.067 trillion is still climbing fast, but the City of San Diego’s is shrinking after five years of only giving new employees a 401(k).
Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS
Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees.
Stanford Report: California Public Pension Debt Up 19% to $964.4 Billion
The latest report from Stanford University’s “U.S. Pension Tracker” reveals that the 2016 California Public Employee Pension Plan liability is up 19.4 percent to $964.4 billion.
Stanford: Public Pension Debt Jumps 84%, to $4.8 trillion
The latest report from the Stanford Institute for Economic Policy Research has revealed that the public pension debt for the 50 states and the District of Columbia jumped 84 percent in recent years, from $2.625 trillion in 2008 to $4.833 trillion in 2014.
California Audit Reveals Pension Debt Grew by 2,000%
Government accounting rules have forced a California audit that has revealed an increase in the “debt” it owes for pension liability by 2,000 percent this year. The state could nearly double the debt again next year when it is forced to account for unfunded retiree health benefits.
Report: ‘Swamped: How Pension Debt is Sinking the Bayou City’
The City of Houston has become swamped by its debt owed to employee pension funds.The Laura & John Arnold Foundation recently issued a very clear report on the condition of the City of Houston Pension funding. The eleven-page report is titled, “Swamped: How Pension Debt is Sinking the Bayou City,” is attached at the bottom of this article.
