August 16, 2022
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California, U.S. must stop dreaming and face fiscal reality

By   /  Friday, January 20th, 2017  /  Central Coast, Columns, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  1 Comment

Henry Dubroff

Maybe it’s time to get real. The idealized view of America that brought about the populist revolution in the November election is not going to come back. Going back to 1970s or 1980s work rules would mean shackling millions of workers to jobs that offered little mobility, bare-bones pensions without inflation protection and uncertain prospects Read More →

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Tri-county governments lower pension investment targets

By   /  Friday, January 20th, 2017  /  Central Coast, East Ventura County, middle, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Tri-county governments lower pension investment targets

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Fiscal reform needed as pension time bomb ticks away

By   /  Friday, September 2nd, 2016  /  Banking & Finance, Banking Industry, Columns, Latest news, Top Stories, Tri-County Economy  /  Comments Off on Fiscal reform needed as pension time bomb ticks away

America’s summer of fiscal discontent is coming to a close on a downbeat note. The California legislature is preparing to wind up its session having stirred up a lot of controversy but done almost nothing to address the state’s ongoing pension crisis. The burgeoning shortfall now adds up to $139 billion in the CalPERS fund Read More →

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Reason study: Taxpayers would save $460M with pension overhaul

By   /  Friday, March 28th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Reason study: Taxpayers would save $460M with pension overhaul

A proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →