On Jan. 17, 1962, President Kennedy signed Executive Order 10988, bringing collective bargaining rights to most federal workers for the first time. Kennedy's order might be the least known of the string of significant events that made the 1960s such crucial years in American history. At the time Kennedy acted, very few workers at any level of government had won the right to bargain collectively with their employers. Read More...
California Pension System Not in Crisis
Despite those who are all-too-willing to play Chicken Little, the sky is not falling on the California pension system.
Here are the facts. Over the past 20 years, the California Public Employees' Retirement System has earned an average annual investment return of 8.4 percent, which is more than the fund needs to ensure it can pay long-term benefits.
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