Citrus Heights, CA Accounting Firm | In the News Page | Fritz Russell, CPAs


As a leading expert in the field of pension reform, Marcia Fritz is often utilized by media outlets as a firsthand source of information.  Below are a few samples of her tireless work toward pension equality.

 

Pension reform or else

By Marcia Fritz

January 18, 2011The unfunded pension liabilities of California's state and local governments exceed $700 billion. We can't fix the budget without reducing public employee retirement benefits.

 

The flaws in Mayor Sanders’ plan

By Marcia Fritz,

Wednesday, December 8, 2010

 

The State Worker: Pension reform group opposes 401(k)-type public pension plan

November 23, 2010

Our report on San Diego Mayor Jerry Sanders' plan to shift future city employees to a defined-contribution retirement system prompted a blizzard of... read entire article

 

Bills Mount for Travel by Trustees of Pensions

... workers is being squandered on extravagant travel," said Marcia Fritz, president of the California Foundation for Fiscal Responsibility, ...

 

JARDINE: Pension draws critical eye for retired Modesto schools chief

November 17, 2010

In all, retirement has been good to Jim Enochs. He has plenty of time to read in his pride and joy, the extensive library in his home southwest of ... read entire article

 

Whitman has reason to want police, firefighters as allies

October 17, 2010

By Catherine Saillant

...Arnold Schwarzenegger , said Marcia Fritz, head of the California Foundation...Some candidates go too far, said Fritz. "Everyone supports a law-and...next governor should address, said Fritz. "The state led us into this...

 

'Skyrocketing' City Pensions Add up to Outrage$61 million 'actuarial' costs projected for Top 10 retirees

By GENE CUBBISON

 

Laid-off California state retirees double dip

Septembert 22, 2010

Across California, retired state and local government workers are drawing taxpayer-funded unemployment benefits on top of their pensions. These are... read entire article

 

Top Vernon attorneys get generous public safety pensions

September 1, 2010

...consultant. His classification as a safety employee could raise his annual retirement payout by about 11%, said Marcia Fritz, a pension expert who reviewed Vernon's retirement formulas. A Vernon official said Fresch was unavailable for...

 

Candidates jump on Bell outrage bandwagon

Carla Marinucci, San Francisco Chronicle, 08/14/10

Robert Rizzo has been dubbed the "Willie Horton" of overpaid public employees for his $1.5 million-a-year salary and benefit package to run the small Los Angeles County town of Bell. Now political campaigns are trying to cash in on the ensuing public...

 

Bell Pensions To Be Paid By Other California Cities

AP - 08/02/2010 12:26 PM

BELL, Calif. - Cities across Southern California will be on the hook for the pensions paid to municipal officials in Bell, where excessive salaries led to a recent purge of city leaders, according to pension experts. The Los Angeles Times reports that more than half of former city manager Rober...

 

Other cities stuck with the tab for Bell officials' massive pensions

August 1, 2010

By Catherine Saillant, Los Angeles Times

...office couldn't figure these Bell pensions out," said Marcia Fritz, a certified public accountant and president of the California...are entitled to automatic cost-of-living increases. Fritz estimates that Rizzo's payout could exceed $30 million...

 

Maybe we should thank Bell's Rizzo for shedding light on pension excesses

August 1, 2010

Steve Lopez

Marcia Fritz remembers it distinctly: She had a chilled...was to be based on a 3-50 formula. Fritz, a certified public accountant, nearly...a statewide pension reform movement. Fritz, who calls herself a fiscally conservative...

 

 

Huge checks won't end with Bell officials' ouster

July 22, 2010 

By Catherine Saillant and Jeff Gottlieb, Los Angeles Times

...said pension-reform advocate Marcia Fritz, noting that Rizzo, 55, could receive...what Rizzo and Adams would earn. Fritz, a certified public accountant...they did not actually work, said Fritz, president of the California Foundation...

 

Reforms to CalPERS pension face uphill battle

Marisa Lagos, San Francisco Chronicle, 03/02/10

Reforming the state's overburdened pension system is popular refrain in Sacramento, but that doesn't mean it's easy to get done. Case in point: Supporters of a ballot measure to slash retirement benefits for future state employees say the initiative has...

 

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