Source: Los Angeles Times
Date: Sunday, September 18, 2016
Article: The political deal that's costing the state billions
Writer: Jack Dolan
U-$0.10-B-0.006065-BE-17
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Questions
1. How much will the California's Employee Pensions cost taxpayers?
2. Who said, "if the CalPERS pension fund's investments grew at about half the projected rate of 8.25% per year on average, the consequences would be 'fairly catastrophic'"?
3. Who funds state pensions?
4. Who does CalPERS do?
5. Does the employee contribution to CalPERS fluctuate?
6. Does the employer contribution fluctuate to CalPERS?
7. How many years does an employee need to work to get lifetime health insurance?
8. How many CalPERS board members does CalPERS have?
9. How many CalPERS board members are chosen by public employees?
10. How many CalPERS board members are chosen by elected officials and their appointees?
11. How big was CalPERS in 1990?
12. How big was CalPERS in 1999?
13. Who took $1.6 billion from CalPERS accounts in 1991 to help close a state budget gap?
14. How much did CalPERS investments lose in 2008?
15. How much did CalPERS investments lose in 2009?
16. Who received over $800,000 from a British financial firm to help secure hundreds of millions in investments from the pension fund?
17. Which California Department won the jackpot with SB400?
18. How much did a CHP Officer who retired in 1999 or earlier after at least 30 years on the job collected on a pension average?
19. How much did a CHP Officer who retired after 1999 with at least 30 years on the job collected on a pension average?
20. Who is the President of California Pension Reform?
21. What is California Pension Reform?
Reference:
http://www.latimes.com/la-bio-jack-dolan-staff.html
Date: Sunday, September 18, 2016
Article: The political deal that's costing the state billions
Writer: Jack Dolan
U-$0.10-B-0.006065-BE-17
Go to Answer Key
Go to 2016 Articles and Book Directory
Questions
1. How much will the California's Employee Pensions cost taxpayers?
2. Who said, "if the CalPERS pension fund's investments grew at about half the projected rate of 8.25% per year on average, the consequences would be 'fairly catastrophic'"?
3. Who funds state pensions?
4. Who does CalPERS do?
5. Does the employee contribution to CalPERS fluctuate?
6. Does the employer contribution fluctuate to CalPERS?
7. How many years does an employee need to work to get lifetime health insurance?
8. How many CalPERS board members does CalPERS have?
9. How many CalPERS board members are chosen by public employees?
10. How many CalPERS board members are chosen by elected officials and their appointees?
11. How big was CalPERS in 1990?
12. How big was CalPERS in 1999?
13. Who took $1.6 billion from CalPERS accounts in 1991 to help close a state budget gap?
14. How much did CalPERS investments lose in 2008?
15. How much did CalPERS investments lose in 2009?
16. Who received over $800,000 from a British financial firm to help secure hundreds of millions in investments from the pension fund?
17. Which California Department won the jackpot with SB400?
18. How much did a CHP Officer who retired in 1999 or earlier after at least 30 years on the job collected on a pension average?
19. How much did a CHP Officer who retired after 1999 with at least 30 years on the job collected on a pension average?
20. Who is the President of California Pension Reform?
21. What is California Pension Reform?
Reference:
http://www.latimes.com/la-bio-jack-dolan-staff.html
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