When counting the cost of government, taxpayers should pay close attention to OPEB, the “Other Post-Employment Benefits” of government employees aside from their pensions but including their health care costs. Now taxpayers have a calculating tool, State Retiree Health Plan Spending: An examination of funding trends and plan provisions, a new report from the…
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For some months now the story has been going around that California is experiencing an economic turnaround. As Ben Boychuk noted in City Journal California, the story “describes a state emerging from a decade of fiscal darkness to reclaim its place as an innovative, diverse, entrepreneurial haven.” The tale may be compelling but remains…
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National unemployment is more than 8 percent and 10.7 percent in California. In these conditions many baby boomers, especially those whose unemployment benefits have run out, have opted to take Social Security at age 62. They may find themselves facing federally enforced poverty. The Social Security monthly payout at 62 is substantially less than…
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