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Edward Ring

California’s Pension Contribution Shortfall At Least $15 Billion per Year

“Pension-change advocates failed to find funding for a measure during the depths of the 2008 recession and the havoc it wreaked on government budgets, so they won’t pass (a measure) when the economy is doing well.” – Steve Maviglio, political consultant and union coalition spokesperson,Sacramento Bee, January 18, 2016

It’s hard to argue with Mr. Maviglio’s logic. If the economy is healthy and the stock market is roaring, fixing the long-term financial challenges facing California’s state/local government employee pensions systems will not be a top political priority. But that doesn’t mean those challenges have gone away.

One of the biggest problems pension reformers face is communicating just how serious the problem is getting, and one of the biggest reasons for that is the lack of good financial information about California’s government worker pension systems.

The California State Controller used to release a “Public Retirement Systems Annual Report,” that consolidated all of California’s 80 independent… Read More

Edward Ring

Public Sector Union Reform Requires Mutual Empathy

Sorry but you would all be crying like a little b**** if the cops and firefighters that earn every penny they get in retirement were not there when your perfect make believe world falls apart so shut the f*** up. Until you do the job you have no idea what you are talking about. – Comment onFacebook.com/CalPolicyCenterpost, June 3, 2015

This comment, made by a California police supervisor onto the Facebook page of our organization, graphically encapsulateswhat is entirely understandable resentment on the part of public servants to a new reality – their pay and benefits are being exposed to public debate. It would be easy to dismiss this comment as inappropriate, or to merely characterize it as an example of public sector arrogance. But that would be a huge mistake.

Compared to the lives most of us are privileged to lead, public safety employees endure unrelenting stress. While it is important to be honest about rates of police and firefighter mortality and job related disabilities, the fact that many other jobs carrygreaterrisk of death or injury does not… Read More