California unfunded pension liability Archives

Are Government Pensions Funds in Crisis Again?

October 6, 2022 7:00 amOctober 5, 2022 10:05 pm

If ever there were a case of Chicken Little, it’s the endless squawking over the imminent implosion of public employee pension funds. In California, ever since pension benefits were enhanced, retroactively, starting in 1999, critics have been claiming a pension...

How Much Do California’s County Workers Make?

July 29, 2020 2:55 amJuly 28, 2020 9:18 pm

In April, with the pandemic shutdown sending California’s economy into free fall, Gavin Newsom convened a Zoom meeting with the four living California ex governors. He asked them to describe the biggest crisis they faced while in office. As reported by the New...

Firefighting in Orange County – Part Two, Building an Independent Fire Dept

June 25, 2020 2:05 amJune 24, 2020 9:20 pm

This is Part ll of Firefighting in Orange County. Part l is HERE. On July 1 the City of Placentia will begin to operate a fire department independent of the Orange County Fire Authority. The motivation for the Placentia’s City...

Firefighting in Orange County – Part One, Firefighter Pay and Benefits

June 17, 2020 6:11 amJune 17, 2020 6:27 am

Total unfunded actuarial accrued liability was $5.7 billion, and the OCFA share of that totaled $380 million. In June 2019 the City of Placentia, in a 3-1 council vote, decided to leave the Orange County Fire Authority and build...