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Keyword: publicworkers

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  • Opinion: How did CalPERS dig a $153 billion pension hole?

    11/13/2017 11:39:45 AM PST · by Oldeconomybuyer · 41 replies
    San Jose Mercury-News ^ | November 13, 2017 | by Dan Pellissier
    During the next five weeks, the CalPERS board, custodian of $326 billion in assets needed to fulfill retirement promises for 1.8 million California public employees and beneficiaries, will make decisions affecting government budgets for decades to come. The problem is, despite their fiduciary duty under the state Constitution to “protect the competency of the assets” under their absolute control, CalPERS is roughly $153 billion short of fully funding the retirement promises earned to date. How did CalPERS dig this huge hole? During the last decade, they manipulated actuarial assumptions and methods to keep employer and employee contribution rates low in...
  • Here's what San Francisco's highest-paid workers make: 1 tops $500K salary, 9 make more than mayor

    07/11/2017 8:03:25 AM PDT · by Oldeconomybuyer · 22 replies
    San Francisco Chronicle ^ | July 11, 2017 | By Amy Graff
    The City of San Francisco employed 39,634 people in 2016 (including part-time and construction workers), and the total spent on their salaries and benefits in 2016 was $4,262,344,675, according to the Office of the Controller. That's about the same amount as the budget for the state of Delaware, which has a population of 945,000 (100,000 more than San Francisco's). Salaries have increased 18.5 percent since 2012, and benefits have gone up 18.6 percent. The average salary (excluding benefits) per city employee is $83,227.14.
  • California Cities' Pension Tab Seen Almost Doubling in 5 Years

    04/10/2017 11:56:20 AM PDT · by Oldeconomybuyer · 17 replies
    Bloomberg ^ | April 10, 2017 | by Romy Varghese
    California cities and counties will see their required contributions to the largest U.S. pension fund almost double in five years, according to an analysis by the California Policy Center. Including the costs paid by cities and counties that run their own systems, the fiscal 2018 tab will be at least $13 billion to meet retirement obligations for public workers, according to the analysis, which is based on actuarial reports and audited financial statements. Barring any changes to pensions, "several California cities and counties will find themselves forced to slash other spending," the group wrote in its report. "The less fortunate...
  • California unions crush bid to open their books

    05/05/2016 1:17:32 PM PDT · by Oldeconomybuyer · 10 replies
    FOX News ^ | May 5, 2016 | By William La Jeunesse
    California's public employee unions used their muscle this week to fight back a legislative bid to open their books, killing in committee a bill that would force them to post online how dues are spent -- and a second bill requiring a union vote every two years. "These members want to belong to a union. They want to be represented by a union. They just want to know where their money's at," said bill sponsor Assemblywoman Shannon Grove, a Republican. The two bills went down Wednesday on a party-line vote, after dozens of union members came out against the legislation....
  • Union group runs voter registration drive in West Baltimore

    05/31/2015 4:28:02 AM PDT · by Oldeconomybuyer · 33 replies
    The Baltimore Sun ^ | May 30, 2015 | by Carrie Wells
    ... f State, County and Municipal Employees in response to the civil unrest in late April and early May after the death of Freddie Gray from injuries suffered in police custody. The organizers targeted the neighborhoods of West Baltimore, where Gray was arrested. AFSCME Maryland has done voter registration efforts before, but the unrest "put it into hyperdrive," said Patrick Moran, president of the union group. On Saturday, the ASFSCME members had more luck elsewhere, registering 22 new voters. One of them was 18-year-old Brandi Womack, who was set to graduate from Carver Vocational-Technical High on Sunday. Womack, whose mother,...
  • SEIU, Fresno County’s largest employee union, rejects 5% raise

    10/31/2014 4:10:50 PM PDT · by Oldeconomybuyer · 20 replies
    Fresno Bee ^ | October 30, 2014 | BY MARC BENJAMIN
    A raise negotiated by Fresno County supervisors for its largest union was rejected after voting came to a close Thursday afternoon. The vote was an “overwhelming no,” said Riley Talford, a senior shop steward for SEIU’s supervisory employees. He did not disclose the final results. He said the vote showed that the county has to do “a better job and show respect to the employees who are serving this county.”
  • Opinion: Federal employees spent 3.4 million hours working for their unions

    10/07/2014 8:28:48 AM PDT · by Oldeconomybuyer · 5 replies
    Market Watch ^ | October 7, 2014 | By Diana Furchtgott-Roth
    Most Americans think federal employees are working for the public. But a new report issued by the Office of Personnel Management on Monday shows that in fiscal 2012, 1.2 million federal workers spent 3.4 million hours reporting to their government unions. Paradoxically, time spent not working for the taxpayer is called “official time.” OPM reports that official time costs taxpayers $157 million in salary and benefits, up from $129 million in 2009 and $102 million in 2006. Taxpayers are subsidizing unions such as the American Federation of Government Employees, the National Treasury Employees Union and the National Federation of Federal...
  • Judge rules loss could be imposed on Calpers in Stockton bankruptcy

    10/01/2014 3:47:22 PM PDT · by Oldeconomybuyer · 3 replies
    Reuters ^ | October 1, 2014 | BY ROBIN RESPAUT
    The U.S. bankruptcy judge overseeing Stockton, California's municipal bankruptcy trial on Wednesday ruled that the state's public employee retirement system, known as Calpers, could be forced to absorb losses along with other creditors. U.S. Bankruptcy Judge Christopher Klein said the city's contract with the California Public Employees' Retirement System could be rejected. While the judge ruled the city may impose losses on Calpers, he has not yet ruled that it must do so as part of its financial restructuring.
  • With Labor Day close, unions don’t have much to celebrate

    08/29/2014 3:37:16 PM PDT · by Oldeconomybuyer · 3 replies
    Boston Globe ^ | August 29, 2014 | By Evan Horowitz
    Labor Day used to be more than a summer-closing holiday; it was a celebration of labor unions and the American labor movement. That’s easy to forget these days because labor unions don’t have much to celebrate. At the height of their influence in the 1950s, labor unions could claim to represent about 1 of every 3 American workers. Today, it’s 1 in 9 — and falling. Some have seen the shrinking size and waning influence of labor unions as a sign that the US economy is growing more flexible and dynamic, but there’s mounting evidence that it is also contributing...
  • Supreme Court holds public sector unions in the balance

    06/29/2014 8:41:38 AM PDT · by Oldeconomybuyer · 27 replies
    MSNBC ^ | June 29, 2014 | By Ned Resnikoff
    The future of public sector unions is in the hands of the Supreme Court, which is expected to rule Monday on a key case that could send shockwaves throughout organized labor. The Supreme Court has the power to make that happen. Depending how the nine justices rule in the Harris v. Quinn case, it is possible that automatic dues deduction could become a thing of the past for public sector unions. The head plaintiff in the case is Pam Harris, an Illinois-based home care worker who says automatic dues deduction violates her First Amendment rights. For the purposes of collective...
  • California lawmakers consider expanding teacher tenure despite court ruling

    06/18/2014 4:47:50 PM PDT · by Oldeconomybuyer · 10 replies
    Reuters ^ | June 18, 2014 | By Sharon Bernstein
    A union-backed bill in the California legislature to expand tenure protections for public school teachers to other employees stalled on Wednesday amid concern about a court ruling last week that said the practice is unconstitutional and hurts students. The measure, which could come up again next week, comes as officials in the most populous U.S. state continue to wrestle with whether to appeal the ruling by a Los Angeles Superior Court judge, which overturned five laws meant to protect teachers' jobs. The ruling said the protections make it too hard to fire ineffective teachers and inadvertently lead to placing the...
  • Reaction to California teacher tenure ruling

    06/10/2014 4:09:05 PM PDT · by Oldeconomybuyer · 11 replies
    San Francisco Chronicle ^ | June 10, 2014 | Various
    Reaction from policy makers, lawmakers, and education activists to a Los Angeles judge's ruling Tuesday that five California laws governing teacher tenure, layoffs and dismissals are unconstitutional because they infringe on the right of all students to a quality public education: "It's surprising that the court, which used its bully pulpit when it came to criticizing teacher protections, did not spend one second discussing funding inequities, school segregation, high poverty or any other out-of-school or in-school factors that are proven to affect student achievement and our children." — American Federation of Teachers President Randi Weingarten. "Let's be clear: This lawsuit...
  • IRS workers spent 521,725 hours on union activities; cost taxpayers $23.5m

    05/21/2014 2:38:06 PM PDT · by Oldeconomybuyer · 15 replies
    Washington Examiner ^ | May 21, 2014 | BY PAUL BEDARD
    The Treasury Department has revealed to the House Ways and Means Committee that Internal Revenue Service employees spent over 500,000 hours on union activities last year. They estimated the cost to taxpayers at $23.5 million in salary and benefits. “Many Americans would be shocked to learn that IRS employees are unionized,” House Ways and Means Oversight Subcommittee Chairman Charles Boustany, R-La., told Secrets. “The IRS has wasted tens of millions of taxpayer dollars and over a half a million employee hours for union activities. It is absurd the IRS has the audacity to habitually come to this committee asking for...
  • Unusual arrangement? Honda’s campaign offices are right at home — in SEIU headquarters

    04/19/2014 7:40:06 AM PDT · by Oldeconomybuyer · 17 replies
    San Francisco Chronicle ^ | April 18, 2014 | By Carla Marinucci
    Democratic Congressman Mike Honda, now engaged in a contentious fight for re-election in a Silicon Valley House race, has made the unusual move of locating his 2014 campaign office inside the headquarters of a major South Bay labor organization — the Service Employees International Union Local 521. The details about Honda’s campaign office emerged after the Chronicle reported last week that Honda can’t vote for himself in the 2014 election because his home is located outside the 17th Congressional District he represents.
  • Detroit still needs $350M from state lawmakers

    04/16/2014 2:38:24 PM PDT · by Oldeconomybuyer · 13 replies
    San Francisco Chronicle ^ | April 16, 2014 | By DAVID EGGERT and ED WHITE
    DETROIT (AP) — Pressure was building Wednesday for Michigan lawmakers to commit $350 million to Detroit pensions, a day after the city reached tentative agreements with pension funds and a retiree group to reduce payouts. Retired police officers and firefighters would see smaller cost-of-living payments but no cut in pension benefits. Retirees and city employees who qualify for a pension will get a ballot in a few weeks.
  • Some California state employees now eligible to cash out leave

    04/08/2014 8:04:50 AM PDT · by Oldeconomybuyer · 13 replies
    Sacramento Bee ^ | April 7, 2014 | By Jon Ortiz
    Tens of thousands of state workers stand to get extra money in the next couple months by cashing out some of their unused leave time – assuming the state can find money to cover it. California owes billions of dollars to state employees for unused paid time off, a largely unseen burden that isn’t regularly tracked or reported statewide. Last year the nonpartisan Legislative Analyst’s Office said the state’s leave liability totaled $3.9 billion as of June 2012 – and it’s growing.
  • Gaza public workers say Hamas not paying salaries

    03/03/2014 6:18:55 AM PST · by Olog-hai · 3 replies
    Associated Press ^ | Mar 3, 2014 9:12 AM EST | Ibrahim Barzak
    Palestinian civil servants called on the Gaza Strip’s Hamas government Monday to pay them full salaries, the clearest sign yet that Egypt’s blockade of the territory is making it increasingly difficult for the Islamic militants to govern. The civil servants are considered Hamas sympathizers and their public complaints about not getting paid in full over the past four months reflect growing discontent in Gaza. Still, there were no signs of open revolt against Hamas, which has kept a tight grip on Gaza and its 1.7 million people since the group overran the territory in 2007. …
  • In Steering Detroit Bankruptcy, Lawyer Takes on Job He Didn’t Ask For (Kevin Orr, "Uncle Tom")

    12/10/2013 4:57:33 AM PST · by canuck_conservative · 12 replies
    Financial Post [Canada] / The NY Times ^ | December 9, 2013 | Monica Davey and Bill Vlasic
    “Anytime somebody says it can’t happen, I whip those pictures out and say, ’Oh, don’t you bet against it,’” Orr said the other day, not long after a federal judge allowed Detroit to become the nation’s largest city ever to enter bankruptcy. “Let me show you what can happen.” Orr, 55, who has never run for political office, finds himself in an extraordinary role. He holds power even more concentrated than that of the emergency control board that intervened when New York City was teetering near bankruptcy: an unelected lawyer chiefly responsible for the reinvention of a major American city...
  • Illinois Legislature Approves Benefit Cuts in Troubled Pension System

    12/03/2013 3:51:53 PM PST · by Oldeconomybuyer · 29 replies
    New York Times ^ | December 3, 2013 | By RICK LYMAN
    The Illinois legislature on Tuesday ended a day of emotional debate and fierce back-room arm-twisting by passing a deal to shore up the state’s debt-engulfed pension system by trimming retiree benefits and increasing state contributions. With the most-broken state employee pension system in the nation – some $100 billion in arrears – Illinois has been the focus of intense attention across the country as states and municipalities struggle to come to grips with their own public pension problems. The compromise reached in Illinois, a staunchly blue state with a strong labor movement that had successfully resisted previous efforts to trim...
  • San Jose mayor files public pension initiative

    10/16/2013 5:50:37 AM PDT · by Oldeconomybuyer · 1 replies
    Sacramento Bee ^ | October 15, 2013 | By Jon Ortiz
    In a move that portends a labor firestorm, San Jose Mayor Chuck Reed and four other city leaders filed papers on Tuesday aiming to put a public pension measure on the November 2014 statewide ballot. If approved, the measure would change the California Constitution to give state and local government authority to lower current employees’ pension and retiree health benefits prospectively.