September 2, 2011
To: Interested Parties
From: Californians for Retirement Security
Re: Happy Labor Day: Rich Get Richer; Working Families Get Attacked
So this is how our nation rings in a holiday meant to celebrate its workers. Job growth is stalled, fresh threats of recession spell more financial uncertainty for working families and CEOs are … getting rich. Really rich.
Public enemies: Will public pensions really cause a fiscal ‘tsunami,’ or do critics have a case of pension envy?
Sacramento News and Review
Sept. 1, 2011
By Cosmo Garvin
Firefighters, cops and teachers. Not so long ago, these public employees were among the most admired American workers.
“Now it’s like they’re the scapegoats for the problems of government. The cops and firefighters, the public-health nurses—they’ve become the bad guys,” says David Miller, a scientist with state Department of Toxic Substances Control.
For Immediate Release: August 22, 2011
***For Immediate Release***
LAO: Measure to Hike State Retirement Age Likely Would Cause More Harm Than Good
SACRAMENTO – The Legislative Analyst’s Office has confirmed that a flawed proposed ballot measure to raise the retirement age for public employees “raises several significant legal and implementation issues that make it uncertain as to how its provisions would be implemented.”
To: Interested Parties
From: Steven Maviglio, Californians for Retirement Security, 916-607-8340
Re: And the billionaire is…
The “California Foundation for Fiscal Responsibility” has finally heeded our calls for transparency and revealed its out-of-state bankroller as Texas billionaire John Arnold, a former Enron Corp. trader who built his fortune buying and selling natural gas.
Here are some excerpts from this morning’s coverage:
To: Interested Parties
Re: More Family Feuding in Pensionreformville?
From: Steven Maviglio, Californians for Retirement Security
Even with Jon Coupal of the Howard Jarvis Taxpayers Association and even former Assemblyman Roger Niello throwing in the towel on their hopes for a pension initiative next year, ex-Schwarzenegger official Dan Pellisier is “guaranteeing” a measure for the November 2012 ballot.
TO: Interested Parties
FR: Californians for Retirement Security
RE: We Won’t Get Fooled Again
For Immediate Release
July 18, 2011
SACRAMENTO -- California's two pension funds, CalPERS and CalSTRS, today reported their largest investment gains in years for the 2010-11 fiscal year. The CalPERS investment portfolio posted a 20.7 percent gain, its highest in 14 years. CalSTRS reported a 23.1 percent return, the highest in 25 years.
