California actually has a good track record making its payments to CalPERS — unfortunately, the same can’t be said for CalSTRS. Even so, the state’s track record on both fronts got better last week when lawmakers upped its 2014 payment to the two systems by a combined $1 billion.
__________
[iframe src=”<iframe src=”http://cf.datawrapper.de/S3WXk/4/” frameborder=”0″ allowtransparency=”true” allowfullscreen=”allowfullscreen” webkitallowfullscreen=”webkitallowfullscreen” mozallowfullscreen=”mozallowfullscreen” oallowfullscreen=”oallowfullscreen” msallowfullscreen=”msallowfullscreen” width=”600″ height=”400″></iframe>”]
__________
Contributions to CalPERS aren’t the problem; the state has made good on their Actuarially Required Contribution for years now (although, if we’re being honest, the fund could always use more state dollars. And there’s no rule against paying more than 100% of an ARC). But CalSTRS is another story.
___________
[iframe src=”<iframe src=”http://cf.datawrapper.de/Sheov/2/” frameborder=”0″ allowtransparency=”true” allowfullscreen=”allowfullscreen” webkitallowfullscreen=”webkitallowfullscreen” mozallowfullscreen=”mozallowfullscreen” oallowfullscreen=”oallowfullscreen” msallowfullscreen=”msallowfullscreen” width=”600″ height=”400″></iframe> “]
California took a step forward last week by increasing its contribution for FY 2014-15. But there is still much work that needs to be done.
Added to all of the above is the Retiree Healthcare obligation which is completed unfunded. That is how you lie with numbers on a California budget. You only include the amount you pay, not the amounts you owe for past service for pensions or retiree health.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Hmm it appears like your site ate my first comment (it was
extremely long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any tips and hints for newbie blog writers?
I’d definitely appreciate it.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
I’ve been surfing online more than 2 hours today, yet I never found any interesting article like yours.
It is pretty worth enough for me. In my view, if all web owners and bloggers made good content as you did, the web will be
a lot more useful than ever before.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Great website you could have, Ill definitely go back to check into much more of your site content.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Hey there! Someone in my Facebook group shared this website with us so I came to look it over. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Terrific blog and fantastic design.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Wonderful site, thanks a lot !!
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712