Adam Summers | Monday December 18, 2017 at 9:42 AM PST | Comments Off on California Should Retire the Secure Choice Program Before It Begins
Properly planning, and saving for, one’s retirement is certainly a worthy goal, but, like many other things, it can become corrupted by heavy-handed government meddling. Last year, the Legislature, and Gov. Jerry Brown, enacted Senate Bill 1234, which establishes the California Secure Choice Retirement Savings Program, a mandatory automatic retirement savings program administered by...
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Tags: CalChamber, California, CalPERS, CalSTRS, Divestment, Moorlach, pension, retirement, Secure Choice, Trump
Lawrence McQuillan | Monday September 9, 2013 at 5:20 PM PST | Comments Off on California’s Pension Tsunami Swells as Pension Benefits Surge
The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund. It also has massive unfunded liabilities, as much as $290 billion depending on the calculation method. Many are quick to blame the Great Recession and its low investment returns for the unfunded debts. But new data uncovered by the Sacramento...
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Tags: California, Employment, government pensions, Labor, Politics, public choice, retirement, unfunded liabilities, unions