A collaboration with Capital Public Radio, Los Angeles Times and CALMatters (2016).
TWEET THIS: FACT: California faces a mounting public employee pension debt. http://www.capradio.org/81738 via @CapRadioNews @latimes @CALmatters #CApensions
Senator Moorlach’s Thoughts on California’s Pension Crisis
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- Sen. John Moorlach Explains California Pension Crisis at Huntington Beach Town Hall
- When It Comes To Pensions, Illinois Is California's Ghost Of Christmas Yet To Come
"If you want to know the fate that awaits California, just watch the state of Illinois. It's a slow-moving fiscal train wreck and California is on the same track. The catalyst? Underfunded pensions. I drove through Illinois, from top to bottom, last October to see it for myself.
"California's pension problem has officially reached crisis level and, finally, others are acknowledging it. California must avoid becoming Illinois. I'm ready to work with public employees and my colleagues in the Legislature to create a long-term solution for these currently unsustainable retirement problems." - Senator John Moorlach (R-Costa Mesa)
- Senator Moorlach's Statement on Public Employee Unions and Pensions
- OC Register Op-Ed: Report: Pensions drowning California and its cities
- ICYMI: NBC Bay Area Airs Hard-Hitting, Alarming Report on Public Employee Pension Crisis
- BREAKING NEWS: Pension Debt Swamps L.A. County Balance Sheet
- May Revise 2016: 5 Key Metrics of California's Fiscal Health
- OC Register: Stock plunge also shakes public pensions
“I’ve been saying on the floor of the Senate, this is not a tax for roads or medical care,” he said. “You can’t call a pothole tax a pothole tax and use it for pensions.” –Senator Moorlach
- PENSION UPDATE: Kern, San Diego, Riverside & Other Counties Join "Billion Dollar Club"
- CA Political Review: Democrat State Treasurer Wants Those That Put State Pensions into $1.2 TRILLION Hole to Own Your Private Retirement Fund
“CalPers, CalStrs and the State health plan have a total of $1.2 trillion in unfunded liabilities. For years CalPERS has been lying about their return on investment, claiming it to be 7.5%. Instead in 2014-15, per State Senator John Moorlach, it is actually 2.4%.”
- The “California Rule” and Public Pensions. Jeremy Bulow. Stanford Institute for Economic Policy Research. September 2017.
- League of California Cities Retirement System Sustainability Study and Findings. League of California Cities. January 2018.
- Pension Math: Public Pension Spending and Service Crowd Out in California, 2003-2030. Joe Nation, Ph. Stanford Institute for Economic Policy Research. October 2, 2017
- California Crowd-Out: How Rising Retirement Benefit Costs Threaten Municipal Services. Stephen D. Eide, Senior Fellow, Manhattan Institute. April 2015.
- Pension Reform Handbook: A Starter Guide for Reformers. Lance Christensen and Adrian Moore. Reason. July 2014.
- CalPERS retirees are suddenly worried about their pensions. What happened?
- Pension rules must change to keep California solvent
- How pension costs clobbered one small city
- CalSavers gives Californians a chance at a more secure retirement
- California’s pension problems are far from over
- Small CalPERS rate hike continues debt reform
- Retirement Debt: What's the Problem and How Does It Affect You?(link is external)
- Fox and Hounds: The cost of California’s public pensions is breaking the bank. Here’s one reason this problem is so hard to fix
- The Mercury News: Jerry Brown’s pension reforms have done little to rein in costs
- Cities face seven years of growing CalPERS costs
- Losing your pension? CalPERS wants to shift blame to cities
- State, Local Governments Have Funded Only 35 Cents of Every Dollar Committed to Pensions(link is external)
- Will Looming State And Local Government Pension Crisis Bankrupt The U.S.?(link is external)
- Many in U.S. Have Zero Retirement Savings(link is external)
- OC Register: Costa Mesa pension debt projected to rise $9 million by end of fiscal year(link is external)
- Sacramento Bee: California’s unfunded pension debts may be larger than acknowledged(link is external)
- NY Times: A Sour Surprise for Public Pensions: Two Sets of Books(link is external)
- Spectator: California Watch: Suddenly, a Shifting Pension Paradigm?(link is external)
- LA Times: California's pension crisis: Sustaining sweetened benefits(link is external)
- Bloomberg: Public Pensions Are Being Overly Optimistic(link is external)
- CalPERS’ bad faith didn’t stop in 1999(link is external)
- LA Times: The pension gap series(link is external)
- Sacramento Bee: Dan Walters: California pension debts revealed(link is external)
- Wall Street Journal: California’s State Pension Obligations Are Larger Than Previously Estimated(link is external)
- CalPensions: Annual state report begins showing pension debt