Archive for the ‘CalSTRS’ Category

California Dreaming. One percent a year returns won’t be enough to pay state pensions.

July 25, 2012

http://www.weeklystandard.com/articles/california-dreaming_648834.html?nopager=1

 

CalPERS, CalSTRS pension funds report small annual returns. California public employee and teacher pension funds post returns of 1% and 1.8%, respectively. Both may call for higher contributions.

July 17, 2012

http://www.latimes.com/business/la-fi-calpers-returns-20120717,0,4683013.story

 

Editorial: CalSTRS audit must dig into spiking claims

July 13, 2012

http://www.sacbee.com/2012/07/13/4627996/calstrs-audit-must-dig-into-spiking.html

 

Calif. teacher pension posts low investment return

July 13, 2012

http://www.sacbee.com/2012/07/12/4627637/calif-teacher-pension-posts-low.html

 

Preparing your tax returns? See some of the public parasites who are taking your money!

April 16, 2012

SALARIES

[1] SEARCHABLE DATABASE: Bay Area Public Employee Salaries
Link: http://www.mercurynews.com/salaries/bay-area

[2] SEARCHABLE DATABASE: 2006-10 compensation paid to UC employees
Link: http://www.ocregister.com/articles/faculty-334335-tuition-system.html?data=1

PENSIONS

[1] SEARCHABLE DATABASE: CalPERS Pensions
Link: http://database.californiapensionreform.com/database.asp?vttable=calpers

[2] SEARCHABLE DATABASE: CalSTRS Pensions
Link: http://database.californiapensionreform.com/database.asp?vttable=calstrs

[3] SEARCHABLE DATABASE: University of California Pensions
Link: http://database.californiapensionreform.com/database.asp?vttable=uc

[4] SEARCHABLE DATABASE: Orange County Educators’ Pensions and Post-Retirement Income
Link: http://www.ocregister.com/articles/teachers-322024-pension-state.html?data=1

[5] SEARCHABLE DATABASE: Alameda and Contra Costa Pension Database
Link: http://www.insidebayarea.com/hayward/ci_18813686

[6] SEARCHABLE DATABASE: City of San Jose Pension Database

Link: http://www.insidebayarea.com/ci_12804494

Capping big pensions: How much is too much?

April 6, 2012

By Ed Mendel

Calpensions

April 5, 2012

Link: http://calpensions.com/2012/04/05/capping-big-pensions-how-much-is-too-much/

Excerpts:

  • Leading the 12,199 members of the “$100,000 club” on the reform group’s California Public Employees Retirement System list of retirees receiving pensions of $100,000 a year or more: [1] Bruce Malkenhorst, Vernon city administrator, $530,268; [2] Joaquin Fuster, UCLA neuroscientist, $314,713; and [3] Donald Gerth, CSU Sacramento president, $295,086.
  • Topping 5,259 retirees on the California State Teachers Retirement System list: [1] James Enochs, Modesto elementary, $296,555; [2] Fredrick Wentworth, San Joaquin County, $290,485; [3] and Edward Hernandez Jr., Rancho Santiago Community College, $286,396.
  • The highest of the 1,642 on the University of California Retirement Plan list: [1] George Miller, Lawrence Livermore National Laboratory, $270,075; [2 & 3] Thomas Cesario, UC Irvine, and James Holst, UC general counsel, $237,129.
  • A Salinas public hospital official will receive a retirement payment of nearly $4 million in addition to a $150,000 annual pension, the Los Angeles Times reported last year.

Commentary:

  • These annual pensions are not just obscene, they are downright immoral.
  • Millions of California taxpayers are suffering from severe financial hardship while their past, present, and future tax payments are being used to provide retired “public servants” with an annual pension that Kim Jong Il would be ashamed to accept.