| Sep 22, 2014
| 1:06 PM
The New York Times' Elisabeth Rosenthal offered an important lesson in healthcare economics over the weekend that's a must-read for anyone about to undergo a major medical procedure.
Rosenthal's piece explored how charges from out-of-network providers...
| Nov 13, 2014
| 5:58 PM
A decade ago, many of California's public pension plans had plenty of money to pay for workers' retirements.
All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of...
| Nov 19, 2014
| 12:55 PM
Huntington Beach has found a way to help pay down its growing employee pension costs.
City Council members voted 6 to 0 on Monday, with Mayor Matthew Harper absent, to gradually increase the franchise fee the city charges trash collector Rainbow...
| Nov 21, 2014
| 5:06 PM
The Newport Beach City Council will consider a plan Tuesday night to more quickly fund employee pensions.
Instead of rolling forward the unfunded pension liability — the difference between the amount the city will owe in retirement benefits and...
| Sep 26, 2014
| 10:04 AM
A Glendale police sergeant arrested last month for allegedly soliciting a prostitute will make more than $10,000 a month on paid leave until he retires at the end of 2015, records show.
The arrangement was reached months before Sgt. Vahak Mardikian&...
| Sep 28, 2014
| 5:00 AM
John Chiang was the best candidate for state treasurer in the June primary, and he's the best candidate now. A lawyer and a Democrat who is termed out of his job as state controller after eight years, Chiang has the experience and the political and...
| Oct 1, 2014
| 1:04 PM
Huntington Beach City Council candidate Erik Peterson, a punk rocker back in his teenage days, still enjoys a TSOL concert every now and then.
But Peterson, now 46, says he has a plan to improve the city while not sticking it to the man.
| Oct 1, 2014
| 4:48 PM
A federal bankruptcy judge dealt a serious blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy -- just like its other debts.
| Sep 15, 2014
| 9:30 PM
SACRAMENTO — The country's biggest public pension system is getting out of hedge funds.
The California Public Employees' Retirement System, with $298 billion worth of investments in its portfolio, announced that over the next year it plans to sell...
| Oct 1, 2014
| 8:59 PM
SACRAMENTO — A federal bankruptcy judge dealt a blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy — just like its other debts....
| Oct 2, 2014
| 5:46 PM
Financially pressed California cities might turn to bankruptcy as a way to cut their increasing pension costs after a judge's ruling, experts said Thursday.
Analysts from Moody's Investor Services, a bond rating firm, said that Wednesday's ruling by a...