| 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...
| Jul 30, 2014
| 7:17 PM
In a report aiming to evaluate how cities are being affected by pension liabilities, the Orange County Grand Jury called for area cities to make more budget information readily available.
Lacking the desired data, the 2013-14 group tried to use its...
| Jul 14, 2014
| 6:39 PM
With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.
The government has...
| Jul 3, 2014
| 4:27 PM
Editor's note: Attorneys John Stephens and Tim Sesler, two members of Costa Mesa's Pension Oversight Committee, asked the Daily Pilot to publish the panel's findings and recommendations. The committee put together a series of three articles, titled...
| Jul 9, 2014
| 9:54 PM
The suspended head of the Centinela Valley school district, who attracted public scrutiny because of his high compensation, now faces dismissal, the repayment of at least $200,000 and liability for back taxes.
The Centinela Board of Education voted...
| Jul 11, 2014
| 7:25 PM
A former chief executive of the country's biggest public pension fund admitted that he took more than $250,000 in bribes and other valuable gifts from a friend and co-defendant in an influence-peddling scandal that rocked the pension investment world five...
| Jun 30, 2014
| 7:57 PM
The former chief executive of California's massive pension fund will plead guilty in connection with an influence-peddling scandal that rocked the state capital in 2009 and 2010, his attorney said.
Federico Buenrostro Jr., 64, of Sacramento, has...
| Sep 9, 2014
| 10:00 AM
Taxpayers and local governments are on the hook to pay nearly $800 million stemming from "legal" pension spiking over the next two decades, the state controller said Tuesday.
The price tag came as Controller John Chiang issued a new audit of the...
| Sep 9, 2014
| 9:51 PM
SACRAMENTO — A legal way to increase pensions by boosting the final pay of retiring state and local government workers could drive up public employee pension costs in California by as much as $796 million over the next 20 years, the state controller...
| Aug 27, 2014
| 5:51 PM
In September 2012, Gov. Jerry Brown signed into law a modest pension reform measure that tried to close some of the loopholes that could inflate pensions. Last week the board of the California Public Employees' Retirement System, or CalPERS, diluted...
| Aug 21, 2014
| 5:28 PM
The state's ethics panel is taking a get-tough stance toward a board member of the nation's biggest government pension fund, who has repeatedly failed to file legally required disclosure reports.
In an unusual move, the Fair Political Practices...