July, 2011

…BELL BILL UPDATE

Over thirty bills were introduced this session in response to the Bell scandal dealing with transparency issues related to compensation, retirement, auditing, and governance. Only six bills are still moving as we near the end of

STATE LAWMAKERS have pushed the California teacher pension fund toward a financial cliff and are now standing on the side of the road, apparently hoping divine intervention will stop the ensuing plunge off the edge. Under its current funding structure,

A practice once embraced by legislators to keep high-quality teachers and principals in their schools is coming under fire as a spate of laws have passed to restrict “double dipping” among educators. A term used pejoratively by critics, double-dipping refers

At its July meeting, the GASB cleared an additional question and answer intended to provide implementation guidance regarding qualifying OPEB plan trusts, and the responsibilities of those who play a significant role in the functions of an OPEB plan that

Nearly half of the 225 Sacramento-area retirees drawing six-figure pensions from the California State Teachers’ Retirement System received at least a 10 percent pay increase in one of their final three full years on the job, according to a Bee analysis of state retirement data.