When Video Tells the Story – Irvine City Council Meeting Public Comments
The Irvine City Council majority voted to abandon a Veteran’s Cemetery at the ARDA site of the old El Toro base for a combined Veteran’s […]
El Toro
Nelson threatens to sue Sidhu for talking about Nelson’s failed pension spike
You know it’s crazy election season when candidates start threatening to sue over what they say about each other. That is what seems to be happening in the 4th Supervisor’s District contest between Shawn “I got caught trying to spike my pension” Nelson and Harry Sidhu. Chris Jones of Sidhu’s campaign sent out this release on Monday.
If Nelson can opt-out of pension in November, what will Moorlach do?
So here’s the $100,000 question: John Moorlach will you opt-out of the county defined benefit pension plan once you are sworn in for your new term on the Board of Supervisors?
The Terrible Public Pension Threat
It’s time for a class war over public union pensions… Despite defined benefit (DB) pensions, like the ones public employees get, being more economically efficient and offering better returns, private employers have mostly switched to 401(k) plans, or defined contribution (DC) plans, because they’re cheaper. Between 1979 and 2001, the portion of the workforce covered by defined benefit pensions dropped by half. By 2008, only 20 percent of private workers had such a pension.
OC Pension Reform Accomplishments Draw Attention of the Little Hoover Commission
It was a rare sight. A group of county supervisors and labor leaders sitting across the table from each other at a public meeting having a calm discussion, even offering each other complements. There was no shouting, no finger pointing and even the posturing was kept to a relative minimum.
Nguyen and Campbell Sound Off On Hybrid Pension Debate
There has been a lot of criticism of the innovative employee pension plan negotiated by the Orange County Board of Supervisors and the labor unions […]
Greed! So Called Pension Reformer Supervisor Shawn Nelson Spikes His Own Pension
When I wrote last week of Shawn Nelson’s pension plan selection, I did not realize that what I had learned was only the tip of an iceberg. As this iceberg has melted (probably the result of global climate change) Shawn Nelson’s true character has become apparent.
Sidhu Slams Nelson for taking public employee pension
The inevitable fallout from our revelation last week that Shawn Nelson decided to opt-in to the county defined benefit pension plan has begun. In a […]
Supervisor’s Nelson and Moorlach Fail Their Own Pension Reform Integrity Test
Shawn Nelson had the opportunity, as did Pat Bates and John Moorlach at the time they were elected as County Supervisors, to choose whether to opt in to the County Retirement system. Both Shawn Nelson and John Moorlach made the choice, despite their very vocal opposition to public employee pension plans, to take the very benefit they so strongly oppose.