Over the course of several decades, more than one dozen local retirement systems have successfully petitioned the Legislature to establish some or all of their pension plans in state law. Commonly codified plan elements include: contribution rates, benefit levels, and board composition. By securing their provisions in state law, this select group of state-governed systems has erected a major obstacle to community-driven reform and effectively cemented a series of unsustainable practices.
Economy
How California ‘Health Charities’ Funnel Money To Karen Bass And Other Democrats
California’s healthcare nonprofits should return to their core missions of healthcare services rather than subsidizing politicians. The left-wing dominance of the Golden State is sustained by a giant pile of cash, much of it out of sight. Billions of dollars extracted from the for-profit conversions of health insurers — assets meant for broad public benefit...
May 27, 2026