“With the money put into its pension funds over the last two years alone — nearly $2 billion — the city could have fixed every one of its broken sidewalks, built or leased housing for more than 25,000 homeless people or restored 11 miles of the concrete-clad Los Angeles River to a natural state."
It’s been four years since lawmakers passed Gov. Jerry Brown’s sweeping pension overhaul, yet we have little to show for what was supposed to be the “biggest rollback to public pension benefits in California history.”
The number of public retirees receiving more than $100,000 in pension checks from CalPERS each year has exploded from 1,841 in 2005 to 21,652 in 2015.
Are we fiddling while Rome burns?
CalPERS just had its worst showing since the height of the last financial crisis.
Stanford’s new pension tracker says unfunded pension debt is approaching $1 trillion.
Cannabis users were ecstatic when voters legalized marijuana in 2016. But reform came with a price — quite literally.
With more access to information than ever before, it is now even more difficult for people and even policymakers to separate facts from misinformation.
