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Tag Archives: pensions
CalPERS Warns Against Investing in California
CalPERS, the California Public Employee’s Retirement System, has big bucks from California taxpayers to invest in support of the promises that California politicians have made to public employee unions. Asset International’s Chief Investment Officer reports that CalPERS has only 8.9% … Continue reading
Posted in Economics
Tagged California, CalPERS, economic regulation, pensions, public employee pensions, public employee unions
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When a cop gives you a traffic ticket, is that money in his pocket? In Georgia, yes.
The Augusta Chronicle reports that 5% of the money collected from traffic tickets go to a supplemental pension fund called Georgia Peace Officers’ Annuity and Benefit Fund. That’s right folks; that is money in the officer’s pocket eventually. The more … Continue reading
Matthew Yglesias, Slate: You are too stupid to save, so give your money to the government
From back in the day, I recall a comedian, whose name I can not recall, do a bit in which he proposed a Stupid Tax. Anytime that you caught somebody doing something stupid, then you could collect $5 from them … Continue reading
IRS’ 401k Early Withdrawal Penalties vs. Americans in Reality
I have been seeing a number of media reports about a HelloWallet analysis related to individuals withdrawing funds early from 401k and defined contribution pension plans. The theme in this reporting is that these programs have failed as vehicles for … Continue reading
Selfish Citizenship 