Back in 1999, under governor Gray Davis, the State of California boosted pensions and allowed most government employees to retire at the age of 55. This led to a surge of unfunded liabilities, and even Jerry Brown pushed for minor reforms. State employees hired after January 1, 2013, would have to work to…
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As we recently noted, the Regional Transit authority in California’s capital of Sacramento cut 20 administrative positions, saving taxpayers $1.5 million. In similar style, the salary of incoming business manager Henry Li is $14,000 less than that of outgoing boss Mike Wiley. Those reductions set a good example, but all is not well at…
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