Govern For California
Govern For California is a political philanthropy that works to counter special interest influence over California governments.
Fiscal Affairs, Pension Spending
What’s the average period of time from when a pension benefit is promised to a California government employee to when the benefit is paid out? That period of time is the duration over which a public pension fund must earn the rate of return it assumed when the promise was made to the employee.
David Crane
Fiscal Affairs, Pension Spending
The California State Senate is considering a pension increase bill, AB 1383. Some journalists have been comparing AB 1383 with another pension increase bill, SB 400, signed into law in 1999 by then-Governor Gray Davis.
David Crane
Calls to Action: Legislators, Fiscal Affairs, Pension Spending
SF Standard: California’s pension funds are rigged to stick taxpayers with the bill
At 10 a.m. Monday, the California State Senate Appropriations Committee will hold a hearing in Sacramento on Assembly Bill 1383, which would boost pension promises to certain government employees without requiring sufficient funds to be invested upfront to meet those promises. That would be a disaster.
David Crane
