
Texas First Responders Oppose Governor’s State Pension Review Board Appointee
Texas first responder groups have come out in strong opposition to the gubernatorial appointment of Josh McGee to the Texas Pension Review Board.

Texas first responder groups have come out in strong opposition to the gubernatorial appointment of Josh McGee to the Texas Pension Review Board.

In a radio interview airing on Sunday, former U.S. Comptroller General and chief of the Government Accountability Office Dave Walker asserted that America’s national debt is over three times the official figure, which dramatically understates the government’s financial commitments.

Los Angeles County Beach Lifeguards and other public employees will receive the equivalent of a 10 percent pay raise over the next two years, while retirees on Social Security will receive zero increases.

In a recent Los Angeles Times “Economy Hub” post on public-sector pensions, Michael Hiltzik took a shot at the California Policy Center for analyzing the average pensions of full-career Calpers retirees–those who work at least 30 years–in its pension analyses.

CalPERS, the Golden State’s public employee retirement system, is seeking to shift the cost and risk of pensions to taxpayers after a $5 billion shortfall in 2014.

The California State Teachers’ Retirement System (CalSTRS) has sold its investment in Remington Outdoor, the parent company for Bushmaster firearms–the firearm that Adam Lanza stole and used in his his heinous attack on Sandy Hook Elementary.

The most pressing budget issue that the State of Illinois faces is its spiraling public pension debt. The problem is proving difficult to fix, not necessarily because the legislature refuses to try to fix it — though they are doing darn little — but because the problem is ensconced in the state’s Constitution, causing the state Supreme Court to rule against any changes in the pensions.

The California Teachers’ Retirement Trust (CalSTRS) board directed its staff and consultants last week to evaluate the risks of investing in thermal coal companies.

Few public policy issues are more boring than public employee pensions.
Really, who wants to sit around the dinner table and talk about pension amortization, funded ratios, or unfunded liabilities? By comparison, C-SPAN 2 looks like a summer blockbuster.

Editor’s Note: This article was authored by and submitted to Breitbart Texas by Bill Frazer, CPA.

Investors celebrated the NASDAQ stock market topping the 5,000 level this week for the first time since March 2000. But there were no celebrations in Sacramento for the anniversary of the last time that California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) were over 100 percent funded.

Ed Miliband’s insistence that Labour will cut university tuition fees from £9,000 to £6,000 a year may spark a civil war inside his party, insiders have claimed. The handout to students would be funded by a new raid on pension pots, prompting

A new report finds that nearly 5,000 New York teachers are being paid six-figure pensions courtesy of tax payers.

Once again, California Gov. Jerry Brown is heading for a confrontation with labor groups, social welfare groups, and Democratic legislators who want Brown to raise taxes and expand spending. The newly re-elected Brown successfully pushed through temporary sales and income taxes three years ago with Proposition 30, but refuses to continue whole-heartedly in that direction, preferring to let the taxes die by 2018.

With California facing what Steven Greenhut calls “Death by Pension,” former Democrat Speaker of the California Assembly and newly elected State Senator Bob Hertzberg released details of his Senate Bill 8 tax manifesto. What he refers to as the “Upward