California Pension Reform - Los Angeles News | FOX 11 LA KTTV

Point of View

California Pension Reform

Kevin T. Hale, KTTV Vice President & General Manager Kevin T. Hale, KTTV Vice President & General Manager

Four cities in California have finally had enough. Enough of out of control pensions costs that threaten to financially destroy them.  These cities do not want to end up broke like Detroit, San Bernardino and Stockton.

San Jose and three other cities are proposing an initiative for the November 14th ballot. It would give California governmental entities the power to reduce "within reason" current government worker pension liability.

I'd like to hear your Point of View. Send me an email at POV@fox11.com.

These cities are well aware that reducing pensions for future hires alone will do very little to reduce the $500 billion dollar projected funding pension shortfall facing state and local governments.

Already public unions have come out in full force against the initiative, claiming it violates current labor contracts. 

The proponents of the ballot measure say by reducing pensions to an amount cities can pay, guarantees retirement plans will be viable into the future. 

A bankrupt city may not be able pay any pensions at all. 

So, a reasonable "something" is a lot better than an unreasonable "nothing." 

In my opinion, all California cities should support the pension reform initiative.  

Additionally, I call on Governor Brown and Mayor Garcetti, to please come out in favor of this ballot measure now and start raising money to support it. 

We do not need any more cities going bankrupt. 

Cities such as Compton, Oakland and Fresno are already teetering on the brink of insolvency.

This initiative gives the people of California a fighting chance to save their state and local governments from financial disaster.

Thanks for listening.

What do you think? We want to hear from you about this P.O.V. segment. Share your thoughts in the comments section below or email me directly at POV@fox11.com.

Kevin T. Hale,
Vice President and General Manager
KTTV-TV, FOX 11 News

The views expressed are not necessarily those of the station or its employees.

  • FeaturesMore>>

  • Wednesday's Child

    Eric Looks To A Safe Landing In A Forever Home

    Eric Looks To A Safe Landing In A Forever Home

    Thursday, July 31 2014 1:00 AM EDT2014-07-31 05:00:11 GMT
    It’s not every day one gets to interact with a living legend, but this week’s Wednesday’s Child, Eric (1998), recently got such an opportunity!
    It’s not every day one gets to interact with a living legend, but this week’s Wednesday’s Child, Eric (1998), recently got such an opportunity!
  • Midday Sunday With Tony Valdez

    Buddhism: Part of the American Cultural Landscape

    Buddhism: Part of the American Cultural Landscape

    Monday, July 28 2014 4:05 PM EDT2014-07-28 20:05:50 GMT
    Of all the world's religions, Buddhism is one of the most mysterious and most intriguing to many Americans. The books The Dharma Bums, Zen and the Art of Motorcycle Maintenance and even If You Meet the Buddha on the Road, Kill Him!, are all examples of how Buddhist concepts are part of the American cultural landscape.
    Of all the world's religions, Buddhism is one of the most mysterious and most intriguing to many Americans. The books The Dharma Bums, Zen and the Art of Motorcycle Maintenance and even If You Meet the Buddha on the Road, Kill Him!, are all examples of how Buddhist concepts are part of the American cultural landscape.
  • Wednesday's Child

    Chelsey, Airess & Shayna: Hopes Of Summer Fun In A Forever Home

    Chelsey, Airess & Shayna: Hopes Of Summer Fun In A Forever Home

    Thursday, July 24 2014 1:00 AM EDT2014-07-24 05:00:17 GMT
    For another glance of summertime fun, peer in as we spend some time at Pelican Pier in Long Beach with three pretty little girls! As they go around on the merry-go-round, you may start to think you’re seeing double … but you’re not. Chelsey and Airess (2010) are twins and came dressed alike in pink while younger sister Shayna (2012) came dressed for comfort in baby blue.
    For another glance of summertime fun, peer in as we spend some time at Pelican Pier in Long Beach with three pretty little girls! As they go around on the merry-go-round, you may start to think you’re seeing double … but you’re not. Chelsey and Airess (2010) are twins and came dressed alike in pink while younger sister Shayna (2012) came dressed for comfort in baby blue.
  • FOX 11 News Editorial VideoPoint Of ViewMore>>

  • Point of View

    Teacher Tenure Statutes

    Teacher Tenure Statutes

    Sunday, July 13 2014 5:02 PM EDT2014-07-13 21:02:19 GMT
    Recently, Los Angeles Superior Court Judge Rolf M. Treu ruled that teacher tenure statutes -- violate the California state constitution. In the landmark case "Vergara v. California," Judge Treu held that tenure makes it almost impossible to fire incompetent teachers.
    Recently, Los Angeles Superior Court Judge Rolf M. Treu ruled that teacher tenure statutes -- violate the California state constitution. In the landmark case "Vergara v. California," Judge Treu held that tenure makes it almost impossible to fire incompetent teachers.

  • Point of View

    Keeping Our Movie Industry In California

    Keeping Our Movie Industry In California

    Friday, June 6 2014 2:13 PM EDT2014-06-06 18:13:38 GMT
    Runaway movie production is out of control. KTTV Vice President and General Manager Kevin Hale looks at what needs to be done bring the movie industry back to Los Angeles, in this POV.

    Runaway movie production is out of control. KTTV Vice President and General Manager Kevin Hale looks at what needs to be done bring the movie industry back to Los Angeles, in this POV.


  • Point of View

    Businesses Leaving California: Governor Brown Are You Listening?

    Businesses Leaving California: Governor Brown Are You Listening?

    Saturday, May 24 2014 12:50 PM EDT2014-05-24 16:50:34 GMT
    Is California becoming a hostile environment for new business? KTTV Vice President and General Manager Kevin Hale looks at what needs to be done to become “business-friendly”, in this POV.

    Is California becoming a hostile environment for new business? KTTV Vice President and General Manager Kevin Hale looks at what needs to be done to become “business-friendly”, in this POV.


Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices