California is offering an Earned Income Tax Credit (EITC) for working low-income families and individuals. In addition to the federal EITC, the new state Earned Income Tax Credit will put more money in the pockets of those who need it most.
California’s main public pension fund beat its official investment forecast over the past 12 months, ending a two-year stretch of disappointing earnings.
The California Public Employees’ Retirement System rode a strong year in the stock market and private equity investments to earn a return rate of 11.2 percent for the fiscal year that ended June 30, the pension fund announced Friday morning.
That’s about double what CalPERS had expected to earn this year.
It’s also a marked improvement over the previous year, when CalPERS’ investment return rate was .61 percent. In the budget year that ended in June 2015, CalPERS’ investment return rate was 2.4 percent.
This year’s high returns were celebrated by lawmakers and labor groups who have been pressured to answer for CalPERS’ steep unfunded liability.
Public and private emergency responders play a critical role when disaster strikes. When police, fire, or emergency medical services (EMS) answer a call, the public’s safety is first of mind when running into a fire or active shooter situation, not their own.
This was made abundantly clear with incidents such as the shooting at a congressional baseball practice last month or the shooting at a UPS facility in San Francisco. Our system is set up to respond to tragic incidents with the speed and professionalism we, as public taxpayers, demand. In turn, we honor and celebrate them for their work. But we have not provided the same kind of recognition to all of our first responders and have consequently left some of these heroes behind.
ONTARIO >> Seven months into locals controlling Ontario International Airport, its CEO, Kelly Fredericks, is stepping down, it was announced Wednesday.
Coming out of a closed-door session Wednesday morning, the Ontario International Airport Authority announced Fredericks’ departure is effective immediately. Mark Thorpe, who was hired in August as chief development officer, will serve as interim CEO.
In a statement, OIAA President Alan Wapner alluded to a conflict between Fredericks and the commission.
“Both the commissioners and Kelly acknowledge that their approaches to the direction and management of OIAA differ and that it would be mutually beneficial to part ways as OIAA moves to the next phase of the airport’s development,” Wapner is quoted as saying.
The Joint hearing of the Assembly Public Employees, Retirement, and Social Security and Senate Public Employment and Retirement Committees, held by Assemblymember Freddie Rodriguez, Chair A-PERSS and Senator Ricard Pan, Chair S-PER examined practices at CalPERS in which the organization contracts with cities, towns, counties, special district, Joint Power Authorities, nonprofits, and other organizations for retirement and health benefit administration.
Assemblyman Freddie Rodriguez Honors 2017 District Veteran of the Year
(SACRAMENTO)- Assemblymember Freddie Rodriguez (D-Pomona) this week honored Mr. Frederick Kelly of Chino as the 2017 Assembly District 52 Veteran of the Year in a ceremony at the State Capitol.
(San Diego) - Working in the Emergency Medical Services field is very stressful. Assemblymember Freddie Rodriguez (D-Pomona) wrote Assembly Bill 263, the EMS Workers Bill of Rights, to reduce that stress by addressing inadequate rest breaks and violence in the workplace. AB 263 requires private EMS employers to provide 10-minute uninterrupted rest breaks to employees or provide an additional hour’s worth of pay if a rest break is not provided and requires better reporting of workplace violence against EMS providers.
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