Posts Tagged ‘CalPers’
NILRR Right to Work Clipsheet October 16, 2015
ABC Driver Discriminated Against by Teamsters Union Bosses Finally Awarded Back Pay After Union Appeals Fail nrtw.org, October 14, 2015 After six years of legal maneuvering, Teamster Local 509 union officials are finally paying a worker more than $55,000 in pay he lost when it prevented him from working. The U.S. Circuit Court of Appeals…
Read MoreSan Bernadino Declares Bankruptcy
The California Public Employees Retirement System (CalPERS) is protesting San Bernardino’s bankruptcy case, pointing out it’s theirjob to protect the pension fund.Who protects taxpayers from CalPERS and union officials who demand more and more money from taxpayers and unwilling union members, to provide more and more outrageous benefits to them?And, as the author points out,…
Read MoreThe Pension Fund That Ate California
Steve Malanga tells the story of the largest government union pension fund – CalPERS, in the City Journal. After spending years dogged by unpaid debts, California labor leader Charles Valdes filed for bankruptcy in the 1990s–twice. At the same time, he held one of the most influential positions in the American financial system: chair of the investment committee for…
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