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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles see all

Displaying items 1-5
  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • Costa Mesa DUI arrests plummet after special police team is disbanded

    Costa Mesa police describe their city as an ideal incubator for drunk drivers. There's a thriving bar scene. The 55 Freeway ends in the city, dumping cars onto Newport Boulevard. And impaired motorists leaving nearby beach towns cut through, looking for...

    Hogan's fiscal realities

    Hogan's fiscal realities
    When Republican Larry Hogan was elected governor this month, his platform was narrow and clear: Roll back as many of the tax increases of the last eight years as possible. When he made that promise, he knew he faced a $405 million shortfall in this year's...

    99 ways to boost pensions in California -- at public cost

     99 ways to boost pensions in California -- at public cost
    Directing traffic is part of a police officer's job, and in the city of Fountain Valley, keeping cars moving comes with a $145 monthly bonus — and a bigger pension. Fountain Valley officers can also pump up their pensions by working with police...

    Newport council to consider faster pension payoff

    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...