Topic: Retirement Security

Article CalSTRS CalPERS

Pension battles shift from ballots to courts
Tracking the latest strategies that attack public employee pensions

For years, people have been trying to attack pensions with ballot propositions, said Doug Orr, an economics professor at City College of San Francisco and the chair of the of the CFT Retirement Policy Committee. Those propositions always go down in defeat, Orr said, and now those attacks on pensions are coming to the courts. 

Article Medicare Social Security

Retirees prepare to stand firm in a hostile new world
Social Security and Medicare targeted by majority party

Candidate Donald Trump told the American people he didn’t want to cut Social Security, but Republicans have opposed the system since its creation during the Depression.

Speaker of the House Paul Ryan has talked about “means testing” Social Security. In other words, wealthy seniors wouldn’t get benefits because they don’t need them. But they wouldn’t pay into the system, either, and losing the top 10 percent of contributors could lead to financial havoc. 

Article CalSTRS Gun Control divestment

CFT urges CalSTRS to divest from gun manufacturers now

New documentary film Gun-Free Retirement features CFT members

In April 2013, a few months after the shootings at Sandy Hook Elementary School in Connecticut that killed 20 children and six adult staff members, the board of California State Teachers’ Retirement System voted to divest from firms making weapons that are illegal to own in California. More than two years later, that hasn’t happened, and Joshua Pechthalt, president of the CFT, wants to make sure it does. Soon.

Article CalSTRS

Legislature passes significant changes in CalSTRS contributions

In June 2014, the California Legislature made significant changes in contributions to the California State Teachers Retirement System. The CFT formed a task force to study the issue of the system’s “unfunded liability” and to submit the union’s recommendations to the governor and the Legislature. Learn about the changes passed by the Legislature and the union’s positions below.

CFT LETTER TO MEMBERS: June 21, 2014

CFT Members and Staff,

Article PEPRA CalPERS

New law! Significant pension changes for CalPERS members start January 1

Classified employees with questions about the new Public Employees’ Pension Reform Act of 2013 may find answers on the Frequently Asked Questions page of the CalPERS website. Here are some answers to common questions.

The new law requires that new employees of public schools and community colleges contribute at least 50 percent of the total normal cost or the same contribution rate as “similarly situated” employees, whichever is higher.

Article PEPRA Student debt CalPERS

New employees to face reduced retirement benefits

Workers not yet hired will take biggest hit under law passed by legislators with no input from public employee unions

A new law passed in the final hours of the legislative session makes sweeping changes to public employee pensions that impose most of the changes on workers not yet hired, creating a two-tier system in the workplace where two groups of workers doing the same work receive different retirement benefits.