Transparent California: Average annual California gov’t employee pension was $64,448 last year

By California Policy Center on Sunday, October 5th, 2014 in Unions

SACRAMENTO, Calif. – CalPERS financial struggles are draining state taxpayers. The ever-increasing contribution rates it demands from state and local governments have already bankrupted several cities. Even for more financially stable agencies, increased CalPERS contributions have crowded out other spending priorities or tax relief.

Governor Brown – the bailout king

By California Policy Center on Wednesday, September 10th, 2014 in Unions

SACRAMENTO, Calif. – “What a salesman,” he said, mockingly. “I guess that’s what you learned … selling that stock that went south.” – California Governor Brown, to challenger Kashkari, during televised debate Sept. 4th, 2014 (ref. SF Gate)

How labor money corrupts the financial literacy of California’s legislators

By California Policy Center on Wednesday, August 20th, 2014 in Uncategorized, Unions

SACRAMENTO, Calif. – “In an era when we aren’t going to have tax increases, figure out how to be more efficient spending the money we’ve got, and the Republicans can help you do that if they’ll get off the philosophical cant about stuff and help you make things more efficient. They actually culturally know more […]

Los Angeles police average $157,151 in total compensation per year

By California Policy Center on Wednesday, August 13th, 2014 in Other News

LOS ANGELES – Turns out the Los Angeles Fire and Police Pension system return rate was 17.3 percent for 2013-2014, and other public pension funds reported similar double-digit returns and five-year returns exceeding their assumed rates.  – LAPPL Board of Directors on 08/07/2014, in their post “Misuse of statistics behind erroneous LA police officer salary claims.”