As far as yours truly can tell, the major PBS affiliates in California have so far taken a pass on the hot potato program described below. That decision could have been because the threatened pension initiative that would have swept in UC was originally aimed at the November 2014 ballot. With it apparently off the … Continue reading PBS’ Hot Potato May Not Be on California Stations
The Legislative Analyst's Office (LAO) has issued a report on UC and CSU funding. LAO is usually viewed as a neutral agency. But it is a component of the legislature. So it tends to favor approaches that add to legislative control as opposed to, say, gubernatorial control. This report is no exception.LAO seems to want … Continue reading Tradition!
That's a harsh headline. But it applies to any group that publishes info on the web - because it is technically legal to obtain and publish it - that identifies incomes of individuals. And the same harsh headline applies to govt. salary data, not just pensions. It applies whether there is a political objective, as … Continue reading Anti-Pension Group Opens the Door to ID Fraud
Earlier posts noted a pension initiative drive - fronted by San Jose Mayor Chris Reed - that would have swept in UC. For now, the effort seems to have stalled. The proponents have decided to litigate the title and summary by the attorney general of the initiative. Effectively, that will take enough time so that … Continue reading Pension Initiative Seems to Be Out of Gas (for Now)
We noted in yesterday's posting (in the update portion) on the Regents public comment session that there were spokespeople complaining about anti-Israel activities on UC campuses including course credit on one campus, pushes for divestment, etc. Earlier postings noted statements by the UC prez and several chancellors (including Block) opposing an academic boycott of Israel … Continue reading Issue Heating Up
As blog readers will know, UC has had difficulties in getting the state to recognize that its pension liabilities were ultimately those of the state, just as CalPERS and CalSTRS liabilities are liabilities of the state. Thanks to the two-decade hiatus of contributions, the state seemed to forget about UC's pension. However, there is beginning … Continue reading Is there a Changing State Attitude Regarding the UC Pension? Reading Between the Lines
Proponents of the proposed pension/retiree health care initiative (that would cover UC) were afraid the attorney general would come up with a nasty title and summary. It doesn't seem to have happened, however. Other than the references to teachers, nurses, and peace officers (the public's favorite public employees), it is pretty neutral. To the extent … Continue reading Neutral
We have previously reported on a proposed ballot initiative on public pensions in California that, as written, would cover UC. There appears to be money behind the campaign for this initiative. Another indication of such money comes in the form of a letter by former UC Regent David Crane on CalSTRS. Crane was appointed by … Continue reading Follow Me, Says Crane
UC invests in pension and other funds in a broad array of assets including investments in private equity firms. Such firms are exempt from most forms of public disclosure since investments with them are not publicly available. However, there have been attempts to get at their records through UC by demanding the reports that UC … Continue reading UC Prevails in Public Disclosure Case
As blog readers will know, there is currently a potential ballot initiative on public pensions and other retiree benefits (health care) that as written sweeps in UC. We won’t rehash why it would be best if UC was excluded – as it ultimately was from the governor’s pension bill. But let’s just say for purposes … Continue reading If You Don’t Want to Talk to the Piper, Why Not Talk to the Piper’s Paymaster?