Tag: CalSTRS

Friedrichs v. CTA Could End Compulsory Union Dues »

On January 11, the U.S. Supreme Court will hear arguments in Friedrichs v. California Teachers Association (CTA), a potentially landmark case. If the Court rules in favor of the plaintiffs, the financial strength and political clout of government employee unions across the country could be diminished greatly. Ten California teachers and a teachers’ group,...
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CalSTRS Boss Jack Ehnes Deceives Californians About Funding »

Jack Ehnes, CEO of the massive California State Teachers’ Retirement System (CalSTRS), deceived the public in a recent blog post opposing public pension reform in California: CalSTRS has not taken any “pension holidays,”’ which means contributions have been made continuously, thus reinforcing the sustainability of the fund. Ehnes fails to indicate whether: (A) $1...
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Two Reasons to Pay Off Public-Employee Pension Debt Quickly »

In a recent op-ed in the Wall Street Journal titled “Pension Reform Doesn’t Mean Higher Taxes,” Andrew Biggs correctly pointed out that new Governmental Accounting Standards Board (GASB) rules require state and local governments across America to be more transparent about the financial health of their public-pension plans. But, as he noted, the rules...
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The Moral Argument Governor Brown’s Inaugural Speech Left Out »

As a teenager, Jerry Brown left Santa Clara University to attend a Jesuit seminary, intent on becoming a Catholic priest. Moral arguments in the context of public-policy debates have always been important to him. So during his inaugural address on January 5, as he became California’s governor for an historic fourth term, Brown quoted...
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