Demand is up at the region’s food banks, and supply is down. In the for-profit world, those two factors would mean higher prices, but since food banks give away their products, their cupboards are starting to look a bit bare.
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.
An initiative currently being circulated in Ventura County for the November ballot seeking to close the pension system to newly hired county employees as a way of saving money is both simplistic and wrong.
Customers of the State Water Project will not receive any water deliveries this year if current dry conditions persist, a cutback that could be troublesome for certain tri-county cities.
Amid a historic statewide drought, low reservoir levels and diminishing groundwater supplies, two Ventura County water districts are caught in a saga over the invasive quagga.
By Henry Dubroff / Friday, February 7th, 2014 / Columns, Opinion / Comments Off on The case for a defined contribution pension system in California
Grass-roots efforts underway in Ventura County and a few other places may lead California to start junking its expensive and debt-ridden pension system in favor of a 401(k)-like substitute.