Monthly Archives: January 2011

Fed vs Gov. Brown

by Chriss Street Ten years from now university economists will analyze Federal Reserve Chairman Ben Bernanke’s recent presentation to the U.S. Senate Budget Committee as the successful turning point in American economic policy from a focus on demand side consumption…

Brown Ignores Pension reform

By STEVEN GREENHUT Gov. Jerry Brown is coming into office with a lot of highly publicized and some praiseworthy activity, as he pushes ahead what he calls an honest budget, free from the usual gimmicks, and makes cuts in his…

Pensions – What Went Wrong

An analysis by CalPensions. Two CalSTRS programs that expired at the beginning of the new year are an example of what all three state public pension systems did in good times — pumped up pensions for retirees, while cutting payments…

Pension Chief Quits Position

Pension Administrator Tim Thonis resigned Monday after the Ventura County Retirement Board declined to make changes that could have led to higher salaries for top officials who oversee the county’s $3 billion-plus retirement fund. The board voted 6-3 against moving…

Retirement Board Wants to Set Pay

Failed attempts to give the retirement administrator a raise over the past two years has prompted Ventura County Retirement Board members to consider a legislative change to give them authority to set salaries for top employees. At a meeting Monday,…