CalPERS Asks for More Cash, CalSTRS Solvency in Question
The nation's largest public pension fund will be sending a bigger bill to the state, local governments and school districts to cover the cost of their retirees. The board of the California Public Employees Retirement System (CalPERS) has voted to ask for more money starting in the new fiscal year, and phasing up. There's also concern over the future solvency of CalSTRS, the pension fund for teachers, which faces an unfunded liability of $71 billion. State lawmakers discuss that later today.
Los Angeles Times Reintroduces 'The Homicide Report'
It started with a good idea from a single reporter at the Los Angeles Times: launch a blog detailing every homicide in L.A. County. When it launched in 2007, The Homicide Report was a big hit, especially with the victims' families. Over 5,000 reported homicides later, the Times has put a new full-time reporter on it and freshened the design. Assistant Managing Editor Megan Garvey joins us.