PensionTsunami.com is a project of FACT -- the Fullerton Association of Concerned Taxpayers. FACT's primary focus is on California's public employee pension and OPEB crisis, but we also monitor the world of corporate pensions and any developments in Social Security since it is taxpayers who will ultimately be responsible for making up deficits incurred by any of them. We also try to monitor international trends. FACT's president is Jack Dean; he is also the editor of PensionTsunami.com. You can e-mail him at JackDean(at)PensionTsunami(dot)com.
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Back in June, an anonymous video producer sent us the link to a humorous production that created quite a stir — mostly generated by an Orange County union official who claimed to be terribly offended by it.
Well, we just received another link, and here’s the video:
It will be interesting to see which union official claims […]
By Jack Dean
Pension reform candidate Shawn Nelson took an early commanding lead in the absentee ballot count Tuesday night and never looked back, winning the special election for Supervisor in Orange County’s Fourth District with 30% of the vote. His nearest challenger, the public employee union-backed candidate Harry Sidhu, captured 18%. The remainder of […]
Spending $1 million to defeat Shawn Nelson could save OC’s
union members $400 million in retroactive pension benefits
By Jack Dean
I almost burst out laughing the first time a saw an ad for Harry Sidhu on cable TV. The final frame of the ad featured the appropriate legal disclosure information, which said: “Harry Sidhu … Paid for […]
The link to this creative video was sent to me by a subscriber:
I suspect that few union officials will be laughing.
Be sure to visit the CalPERS $100,000 Pension Club searchable database to see why this issue is such a big problem.
[UPDATE AS OF SATURDAY 6/12 AT 11:00 AM: The producer of the video removed […]
Orange County Supervisor John Moorlach sent out this e-mail update to his subscribers today regarding yesterday’s post on double-dippers by reporter Jennifer Muir on the Orange County Register’s “OC Watchdog” blog:
In my long battle against public defined benefit pension plan abuses, I have been frustrated that the system allows for egregious double-dipping opportunities. In […]
The Howard Jarvis Taxpayers Association — California’s largest and most influential taxpayer organization — has launched a campaign to stop the Metropolitan Water District from increasing its employee pensions by 25%. The pension hike is scheduled for a vote at the MWD’s board meeting next Tuesday. You can read about the campaign here and sign […]
Council member Denis Bilodeau of Orange says that the city will face bankruptcy if no action is taken to stem the rising cost of pension benefits for its public employees. His remarks were reported in a news story in the September 8th edition of the Foothills Sentry. The publication doesn’t post articles online, so we’re […]
By Jack Dean
It’s not quite as momentous an anniversary to celebrate as the Apollo 11 moon landing, perhaps, but today marks the fifth anniversary of the launch of this project.
First came the PensionWatch e-mail list, which I began by occasionally forwarding news items and editorials to a handful of friends in Fullerton regarding the unsustainable […]
Watch Marcia Fritz, vice president of the California Foundation for Fiscal Responsibility, explain why the state faces a growing financial problem due to lavish public employee pensions during her appearance today on Stuart Varney’s show on the Fox Business Network.
Keith Richman and the work of the California Foundation for Fiscal Responsibility were profiled in the Wall Street Journal, Marcia Fritz appeared on not just one but two Fox TV shows, and the Los Angeles Times carried an article about Ventura County considering a ballot initiative that would require voter approval to increase pensions or […]
