Monthly Archives: February 2011

Ventura’s Pension Savings Illusion

VCStar Editorial – Feb 12,2011 On Jan. 10, with great pride and a little bit of creative math, the Ventura City Council approved an agreement with police and the Service Employees International Union requiring that members make payments toward their…

LAO on Pension Reform

The nonpartisan Legislative Analyst’s Office, saying current public pension systems are “too expensive and inflexible,“ is recommending two new pension models for future hires that shift some risk to workers and lower government debt. A new “cost sharing” plan would…