For most of the summer, Ventura County was at the heart of a statewide debate over public-sector pensions. Reformers spent tens of thousands of dollars on a proposed referendum to change Ventura County’s public employee retirement system from a defined-benefit system to a 401(k)-style system. On Aug. 4, the battle ended when a judge struck Read More →
A former Ventura County Senior Deputy Sheriff who makes $139,771 a year in retirement is suing the county after his application for a service-connected disability designation that would lower his income tax bill was denied.
A grassroots effort to junk Ventura County’s defined-benefit pension plan and replace it with a 401(k)-style defined contribution plan took a step forward on June 2, when County Clerk and Recorder Mark Lunn certified that enough signatures have been collected to place the initiative on the November ballot. Advocates for the so-called Initiative for Pension Read More →
Backers of the ballot initiative led by the Committee for Pension Fairness and Fourth District Supervisor Peter Foy delivered 40,500 petitions to the county on April 23, roughly 50 percent more than the number required to certify the measure for the ballot.
Oxnard’s city attorney is trying to claw back $101,400 from seven city officials who benefited from an allegedly illegal retirement perk set up by Ed Sotelo, the former city manager at the heart of a corruption probe that began in 2010.
Pensions are a vital part of compensation and serve as an asset to local governments.
The big fact that public employee unions don’t mention when they tout the safety of pensions is that when the pension fund loses money, you — the taxpayers — have to make up the difference.