While state policymakers approved a pension bailout in 2014 that was meant to save the retirement system from insolvency, a new report by the Legislative Analyst’s Office suggests further reforms may be required, writes CalWatchdog.com. Longer life expectancies and disappointing investment returns are main factors contributing to the projected shortfall.
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Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). HJTA, with offices in both Los Angeles and Sacramento, is the largest taxpayers association in California with a membership of over 200,000. Founded by the late Howard Jarvis, the author of Proposition 13, HJTA’s name is synonymous with tax relief and the uncompromising defense of the California homeowner.