“For the first time in the pension fund’s history, we paid out more in retirement benefits than we took in contributions.” – Anne Stausboll, Chief Executive Officer, CalPERS, 2014-2015 Comprehensive Annual Financial Report By Ed Ring | There are few examples of a seemingly innocuous statement with more significance than Stausboll’s admission, buried within her […]

Several subscribers emailed me to ask why there were so few headlines posted each day over the past two weeks and why there were no mailings. Well, 2015 was a grueling year for me, so I decided to take a public-employee-style holiday break this year. The model I used was my own City of Fullerton. […]