It's Time You Joined CSPP
Marin citizens need to band together to deal with a real financial crisis that threatens our way of life. We are a nonpartisan group with a single mission. We can make a difference, but we need your support. Please review our reports and news of our activities on this website, then click here to join.
"Your group is awesome."
Jack Dean, Editor Pension Tsunami
VP, California Pension Reform
VP, California Foundation for Fiscal Responsibility
We Must Solve Marin's Pension Crisis Now!
Marin Taxpayers may be obligated to pay under-funded retirement pension benefits that are estimated between $700 million and $1.2 billion.
The impacts of this pension disaster will be felt soon as Marin County struggles to meet its generous and unsustainable retirement promises amid declining property tax revenue, unrealistic investment projections, and more.
Public Sector retirement benefits have grown dramatically over the years thanks in large part to the political influence of labor unions. State workers routinely retire at 55 years old with pensions higher than their base pay for most of their working lives.
Pensions are at the center of what will be an intensifying fight for diminishing resources from which government can pay for schools, police and fire services
Attention All Pension Reform Groups in California!
Please contact us about sharing resources, collaborating, getting a group started in your town and more! Contact
The Latest News From the Front Lines!
How to Restore Financial Sustainability to Public Pensions
A perfect analysis by Ed Ring of the California Policy Center of the list of suggestions by the League of California Cites (Retirement System Sustainability Study and Findings) and Ed's interpretation of each point. He also includes a "how to" guide for elected officials which is so good, so on point, that we should send it to every elected official who serves us.
Ed Ring - California Policy Center
February 14, 2018
Go To Article
Can California Save Itself From a Pension Disaster?
"The California Public Employees’ Retirement System (CalPERS) and other pension systems in the Golden State might be celebrating their recent investment returns, but don’t be fooled. Their problems are nowhere close to solved — and those problems are taxpayers’ problems."
Joshua D. Rauh - Hoover Institution
January 25, 2018
Cities should fess up about taxes and pensions. Sacramento, that means you
"California’s political leaders don’t have to look very far to find a stark example of the pension cost crisis facing the state’s 482 cities.
"Three blocks from the Capitol, in Sacramento’s city hall, Mayor Darrell Steinberg – a former leader of the state Senate – and other officials are seeing pension costs skyrocket."
Dan Walters - CALMatters
February 11, 2018
Pension costs 'unsustainable', California cities say
"Most California cities expect their spending on public employee pensions to climb by at least 50 percent over the next seven years, restricting their ability to fund basic services like public safety and parks, according to a study their lobbying organization released on Thursday."
Adam Ashton - Sacramento Bee
February 2, 2018
California's Own Shutdown
We are seeing parcel taxes coming up in special elections in both the Kentfield School District and the Dixie School District. We anticipate there will be more. As the report states, "Even rich suburban districts in Marin County are shifting resources from classrooms because of rising retirement costs."
January 23, 2018
Why do Californians pay more state and local taxes than Texas?
This article has garnered so much attention since posted on the CSPP Facebook page yesterday. We want to make sure you all have a chance to read it. It shatters some of the "myths" that we continually hear about how much better California fares - in education (both K-12 and higher education), safety issues, infrastructure and healthcare.
John Woolfolk - Bay Area News Group
January 13, 2018
Forget the scary pension future; study confirms the crisis is hitting now
Tax board leader urged quick hiring to get
Left Leaning Brookings Institute asks:
"Are Public Pensions Keeping Up With the Times?" Believes 5% is a more reasonable return assumption. Underfunding is $2.7 trillion not $900 million.
Retirement plans for public employees in the United States face serious challenges: By their own calculations, states and localities are $900 billion short of the funds they need to set aside to pay for benefits they have already promised their employees, write the Urban Institute’s Richard W. Johnson and the Brookings Institution’s Matthew M. Chingos and Grover J. Whitehurst. But the problem is far more serious than currently imagined. What states accountants won’t admit, Chingos, Whitehurst and Johnson argue, is that the funding problem is much worse than states’ calculations show.
Read the Entire Article.
Right Leaning American Enterprise Institute Asks:
"Public Sector Pensions: How well funded are they, really?" Underfunding is $4.6 trillion not $885 million.
Public sector pensions, as of mid-2011, were underfunded by around $885 billion, based on accounting rules established by the Governmental Accounting Standards Board applied to a large sample of plans from the Public Plans Database.3
However, reports from academic economists and nonpartisan government agencies strongly suggest that the true state of public sector pension funding is far worse than suggested by official plan disclosures.
Read the Entire Article.