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Tag Archives: calpers
How Public Pensions Turn Cities into Unlivable Hellholes
Nearly 20-years ago, while providing consulting services to a county sanitation district, we crossed paths with a grumpy fellow who had only a secondary interest in providing industrious work. His primary interest was deliberating on his upcoming retirement; he could bend your ear off. Continue reading
Posted in Government Debt, MN Gordon
Tagged calpers, legacy costs, pasadena, public pension funds, steve mermell
32 Comments
California’s Real Wildfire
The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground. Continue reading
Posted in MN Gordon, Politics
Tagged california, calpers, public pensions, unfunded liabilities, wildfire
11 Comments
The Great El Monte Public Pension Swindle
There are places in Southern California where, although the sun always shines, they haven’t seen a ray of light for over 50-years. There’s a no man’s land of urban blight along Interstate 10, from East Los Angeles through the San … Continue reading
Posted in MN Gordon, Politics
Tagged calpers, el monte, harold johanson, james mussenden, public corruption, supplemental pension
1 Comment