Posts tagged real estate
Commentary: CalPERS takes unnecessary risks that could cost taxpayers
February 3, 2025 // When CalPERS fails to meet its expected investment returns, California’s state and local governments—meaning taxpayers—are solely responsible for covering the resulting shortfall. Public pension liabilities are legally binding. There is no defaulting on them. Consequently, when public pension system investments underperform, government employers—again, taxpayers—must cover the gap.
Op-Ed: The Case for Gig Worker Benefits
December 19, 2024 // Independent workers miss out on many fringe benefits associated with regular employment, such as disability insurance, life insurance, or health insurance. They are also ineligible for paid family or medical leave. In 2022, the proportion of self-employed adults lacking health insurance (18 percent) was substantially higher than that among all working-age adults (12 percent). These disparities result to some extent from tax policy. For the best part of a century, businesses have provided health insurance, pensions, and other fringe benefits to employees with pretax dollars—perks that self-employed workers did not enjoy.
A Fresh Look at the Independent Workforce with New BLS Data
November 27, 2024 // New BLS data reveal the size and growth of the independent workforce, preferences for independent work over W-2 employment, and key demographic and industry trends
PENNSYLVANIA: Shapiro Appoints Teachers’ Union Fox to Oversee PA’s Pension Henhouse
November 30, 2023 // espite that huge infusion of money, however, the plan reported a $40 billion deficit, and retirees had not seen a benefit increase in nine years. Meanwhile, according to The Inquirer, PSERS “is still paying lawyers to deal with the fallout of a scandal touched off by an exaggerated profit report and scrutinized land deals. More than $6 million has been paid already, and ongoing litigation suggests an internal probe that coincided with investigations by federal authorities left some unanswered questions. The PSERS fund is also offloading $1.4 billion in “directly owned real estate,” some of it priced at a loss, but officials wouldn't say how much of the proceeds would go to the agency or how it might be reinvested.”
Google’s return-to-office crackdown gets backlash from some employees: ‘Check my work, not my badge’
June 15, 2023 // “Managers of non-remote Googlers who have been consistently absent from the office will be cc’ed on emails to these Googlers (subject to local requirements), so they can support Googlers in either ramping back to the office or exploring other flexibility options,” the document says. On Friday, YouTube held its own all-hands meeting with employees about the office policy update. At the event, executives presented the plans virtually, a paradox that didn’t go unnoticed.