Fighting Back on Retirement Benefits

September 20, 2018

California Stories

Poway City Council considering special pension account (Pomerado News)
http://www.sandiegouniontribune.com/pomerado-news/news/local-news/poway/sd-cm-pow-news-city-pensions-0920-story.html

Column: CalPERS needs to come clean about its CEO’s educational background (LA Times)
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-calpers-frost-20180919-story.html

Biggest U.S. Public Pension Looks to China for New Investment Chief (WSJ)
https://www.wsj.com/articles/biggest-u-s-public-pension-looks-to-china-for-new-investment-chief-1537376027

Council to discuss bonding CalPERS unfunded liability today (The Daily Independent)
http://www.ridgecrestca.com/news/20180919/council-to-discuss-bonding-calpers-unfunded-liability-today

National Stories

Multiemployer pension hole keeps getting deeper (American Enterprise Institute)
https://www.aei.org/publication/multiemployer-pension-hole-keeps-getting-deeper/

STATE AFFAIRS: State, locals drowning in pension costs (My Web News (Ill.)
http://www.mywebtimes.com/2018/09/19/state-affairs-state-locals-drowning-in-pension-costs/aqscd1e/

September 19, 2018

California Stories

Editorial: Don’t let these six Bay Area cities take your home equity (San Jose Mercury News)
https://www.mercurynews.com/2018/09/18/editorial-these-six-cities-want-to-steal-your-home-equity/

Calpers Ups Pressure on Companies Over Executive Pay, Harassment (Bloomberg)
https://www.bloomberg.com/news/articles/2018-09-18/calpers-ups-pressure-on-companies-over-executive-pay-harassment

CalPERS Rejects Pay Packages for 43% of US Companies (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-rejects-pay-packages-43-us-companies/

National Stories

What you should know about the deal Murphy just struck with public worker unions (NJ.com)
https://www.nj.com/politics/index.ssf/2018/09/nj_murphy_public_worker_unions_health_care.html

September 18, 2018

California Stories

Pension Costs Underlie Tax Increases in Seven OC Cities (Voice of OC)
https://voiceofoc.org/2018/09/pension-costs-underlie-tax-increases-in-seven-oc-cities/

CalPERS turns focus to board diversity in proxy voting (Pensions & Investments)
http://www.pionline.com/article/20180917/ONLINE/180919861/calpers-turns-focus-to-board-diversity-in-proxy-voting

Report: California schools have improved, but major funding challenges remain (Education Dive)
https://www.educationdive.com/news/report-california-schools-have-improved-but-major-funding-challenges-rema/532428/

Opinion: Why More Women Aren’t on California Corporate Boards (Cal Matters)
https://timesofsandiego.com/opinion/2018/09/17/why-more-women-arent-on-california-corporate-boards/

National Stories

Should These Hated Social Security Laws Get Repealed? (AP)
https://helenair.com/business/investment/personal-finance/should-these-hated-social-security-laws-get-repealed/article_860b82da-e22f-5620-a868-027ffde5123b.html

Murphy: NJ taxpayers will save millions with changes to public workers’ health benefits (North Jersey)
https://www.northjersey.com/story/news/new-jersey/2018/09/17/health-care-changes-public-works-could-save-millions-nj/1331530002/

Moody’s rating will affect spending on a long-term basis in New Mexico (RR Observer)
http://www.rrobserver.com/opinion/columns/article_b11fe410-ba90-11e8-806b-d34f87ed0d9e.html

NYC Pension Funds to Double Green Investments (Chief Investment Officer)
https://www.ai-cio.com/news/nyc-pension-funds-double-green-investments/

Disbarred attorney consults on case alleging hedge funds mismanaged Kentucky pensions (ABA Journal)
http://www.abajournal.com/news/article/bill_lerach_again_targets_hedge_funds_Kentucky_pensions

September 14, 2018

California Stories

CalPERS hired a CEO without a college degree. Now the public pension fund is explaining why

https://www.sacbee.com/news/politics-government/the-state-worker/article218274435.html

California Mandates 2 Largest Pension Funds Factor Climate Risk into Investments (Sustainable Brands)

https://www.sustainablebrands.com/news_and_views/finance_investment/nithin_coca/vote_mandates_calpers_calstrs_factor_climate_risk_inve

Investors find low-carbon opportunities (Top 1000 Funds)

https://www.top1000funds.com/2018/09/investors-find-low-carbon-opportunities/

Teacher, Firefighter, Police and Other Retirement Funds Flow Into Sanctioned Russian Companies (Rolling Stone)

https://www.rollingstone.com/politics/politics-features/teacher-pensions-russia-723852/

National Stories

Editorial: A reformer survives a tough Rhode Island primary. More should follow her example. (Washington Post)

https://www.washingtonpost.com/opinions/a-reformer-survives-a-tough-rhode-island-primary-more-should-follow-her-example/2018/09/13/344a355c-b776-11e8-a2c5-3187f427e253_story.html?utm_term=.38061498ba3b

Pension wisdom needs to continue in OK Legislature (The Oklahoman)

https://newsok.com/article/5608042/pension-wisdom-needs-to-continue-in-ok-legislature?

September 11, 2018

National Stories

Public Employees’ Pay, Benefits and Rights Become Campaign Issues (Governing)
http://www.governing.com/topics/workforce/gov-governor-campaigns-public-workforce-issues.html

Pension spiking needs review, House candidates say (Madison Record)
https://madisonrecord.com/stories/511554471-pension-spiking-needs-review-house-candidates-say

Another Hit to Retirement Plan Investors: Financial Transaction Tax (Plan Sponsor)
https://www.plansponsor.com/another-hit-retirement-plan-investors-financial-transaction-tax/

September 10, 2018

California Stories

OPINION California’s pension crisis hits disadvantaged students the hardest (Riverside Press Enterprise)
https://www.pe.com/2018/09/08/californias-pension-crisis-hits-disadvantaged-students-the-hardest/

National Stories

Emerging-Market Tremors Rattle Tennessee’s Public Pensions (WSJ)
https://www.wsj.com/articles/emerging-market-tremors-rattle-tennessees-public-pensions-1536408000

Our assessment of Rahm Emanuel’s mayoralty (Crain’s Chicago Business)
http://www.chicagobusiness.com/opinion/our-assessment-rahm-emanuels-mayoralty

Chicago mayoral candidate Wilson: Politicians should go to jail for pension lies (Chicago City Wire)
https://chicagocitywire.com/stories/511556300-chicago-mayoral-candidate-wilson-politicians-should-go-to-jail-for-pension-lies

James DeWeese: Ready to take on the bullies in Frankfort (Forward Kentucky)
https://forwardky.com/james-deweese-ready-to-take-on-the-bullies-in-frankfort/

September 6, 2018

California Stories

CalPERS Hits It Big with Infrastructure Returns (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-hits-big-infrastructure-returns/

National Stories

Virginia Retirement System Returns 7.5% (Chief Investment Officer)
https://www.ai-cio.com/news/virginia-retirement-system-returns-7-5/

September 5, 2018

California Stories

Santa Maria City Council approves transit parking lot expansion, cost-sharing agreement for employee pensions (Santa Maria Times)
https://santamariatimes.com/news/local/santa-maria-city-council-approves-transit-parking-lot-expansion-cost/article_547490cb-44cd-5186-89bc-aa7933369726.html

CalSTRS Takes First Steps to Restructuring Private Equity (Chief Investment Officer)
https://www.ai-cio.com/news/calstrs-takes-first-steps-restructuring-private-equity/

National Stories

IPERS beats goal with nearly 8% gain on pension fund investments (Des Moines Register)
https://www.desmoinesregister.com/story/news/politics/2018/09/04/iowa-ipers-retirement-pension-fund-public-employee-investment/1189633002/

Analysis: NJ economic growth won’t sustain Murphy’s agenda, adding pressure to raise taxes (North Jersey)
https://www.northjersey.com/story/news/new-jersey/2018/09/04/growth-wont-sustain-murphy-agenda-adds-pressure-raise-nj-taxes/941363002/

Mayor Rahm Emanuel will not seek a third term (Curbed Chicago)
https://chicago.curbed.com/2018/9/4/17819790/mayor-rahm-emanuel-no-third-term

Another voice: Now, more than ever, we need our unions (Hood River News)
http://www.hoodrivernews.com/news/2018/sep/05/another-voice-now-more-ever-we-need-our-unions/

September 4, 2018

California Stories

Dan Walters: Required vote for local tax increases in legal limbo (Cal Matters)
https://calmatters.org/articles/commentary/required-vote-for-local-tax-increases-in-legal-limbo/

Utility union benefits from California wildfire legislation (AP)
https://santamariatimes.com/news/local/state-and-regional/utility-union-benefits-from-california-wildfire-legislation/article_20ea049d-71c1-5fbe-b671-5db7625be1d6.html

US pension funds ‘must consider climate-related risks’ (IPE)
https://www.ipe.com/news/esg/us-pension-funds-must-consider-climate-related-risks/10026446.article

California Legislature passes bill requiring female board representation (Pensions & Investments)
http://www.pionline.com/article/20180831/ONLINE/180839954/california-legislature-passes-bill-requiring-female-board-representation

Chowchilla votes to pursue bonds to retire the city pension liability (Madera Tribune)
http://www.maderatribune.com/single-post/2018/09/01/Chowchilla-votes-to-pursue-bonds-to-retire-the-city-pension-liability

Calpers CEO’s Education to Get Scrutiny From Some Board Members (Bloomberg)
https://www.bloombergquint.com/markets/2018/08/30/calpers-ceo-s-education-to-get-scrutiny-from-some-board-members#gs.WlILMFs

New Private Equity Model Could Push CalPERS Up in Global Ranks (Chief Investment Officer)
https://www.ai-cio.com/news/new-private-equity-model-push-calpers-global-ranks/

National Stories

Moody’s Warns Connecticut’s Fixed Costs too Costly (Yankee Institute)
http://www.yankeeinstitute.org/2018/08/moodys-warns-connecticuts-fixed-costs-too-costly/

 

August 30, 2018

California Stories

CalPERS names ex-Jerry Brown aide as third CFO in 14 months (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217522790.html

National Stories

Emanuel defends $10 billion pension bond plan (Chicago Sun Times)
https://chicago.suntimes.com/news/rahm-emanuel-10-billion-city-pension-bonds-borrowing-plan/

The Public-Pension Party Must End (National Review)
https://www.nationalreview.com/2018/08/state-public-pension-liabilities-major-reforms-needed/

August 29, 2018

California Stories

‘Cold Hard Truth’: Why San Diego County Schools Are In The Red (Poway Patch)
https://patch.com/california/poway/cold-hard-truth-why-san-diego-county-schools-are-red

City Official Is No Fan of Nunes Pension Reform Bill (GV Wire)
https://gvwire.com/2018/08/28/city-official-is-no-fan-of-nunes-pension-reform-bill/

National Stories

Ky. Gov. Defends Pension Bill’s Legality To State High Court (Law 360)
https://www.law360.com/publicpolicy/articles/1077440/ky-gov-defends-pension-bill-s-legality-to-state-high-court

Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer? (Chief Investment Officer)
https://www.ai-cio.com/news/chicagos-10-billion-pension-bond-sale-decision-answer/

Opinion Teachers’ Retirement System: Illinois is reforming its public pensions (State Journal-Register)
http://www.sj-r.com/opinion/20180828/teachers-retirement-system-illinois-is-reforming-its-public-pensions

SOA seeks comments on new mortality assumptions for public pensions (Benefits Pro)
https://www.benefitspro.com/2018/08/28/soa-seeks-comments-on-new-mortality-assumptions-fo/?slreturn=20180729102307

Business community expresses support of sustainable public pension systems in Supreme Court hearing (The Lane Report (Kent.)
https://www.lanereport.com/104801/2018/08/business-community-expresses-support-of-sustainable-public-pension-systems-in-supreme-court-hearing/

Protect N.J. state workers’ pensions with reforms | Feedback (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/08/protect_nj_state_workers_pensions_with_reforms_feedback.html

August 28, 2018

California Stories

Woodland says it is dealing with pension problems as called for by Yolo County Grand Jury (Woodland Daily Democrat)
http://www.dailydemocrat.com/business/20180827/woodland-says-it-is-dealing-with-pension-problems-as-called-for-by-yolo-county-grand-jury

National Stories

Some public employees face Social Security hurdles (Investment News)
http://www.investmentnews.com/article/20180827/BLOG05/180829937/some-public-employees-face-social-security-hurdles

August 27, 2018

California Stories

CalPERS Health Chief Utilizes Data to Affect California’s Health Care Costs (Kaiser Health News)
https://www.usnews.com/news/healthcare-of-tomorrow/articles/2018-08-24/calpers-health-chief-utilizes-data-to-affect-californias-health-care-costs

Exclusive: An Inside Look at CalPERS’ New Direct Private Equity Organization (Chief Investment Officer)
https://www.ai-cio.com/news/exclusive-inside-look-calperss-new-direct-private-equity-organization/

Gas tax projects prompt Jerry Brown’s pay raises for California highway engineers (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217223190.html

National Stories

It’s a nice try, but here’s what’s missing from Sweeney’s budget plans | Opinion (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/08/nice_try_fixing_njs_fiscal_woes_sen_sweeney_this_i.html

August 24, 2018

California Stories

More San Diego Employees Are Quitting Since ‘Prop B’ Pension Reform (KPBS)
https://www.kpbs.org/news/2018/aug/23/more-san-diego-employees-are-quitting-prop-b-pensi/

CalPERS Health Chief Wields The Power Of Data To Tame Costs (California Healthline)
https://californiahealthline.org/news/calpers-health-chief-wields-the-power-of-data-to-tame-costs/

Government pay watchdog wants CalPERS to name retirees with disability pensions (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217105450.html

Gas tax projects prompt Jerry Brown’s pay raises for California highway engineers (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217223190.html

CALPERS/CalSTRS shortfalls (Hanford Sentinel)
https://hanfordsentinel.com/opinion/letters/calpers-calstrs-shortfalls/article_878850d6-0b9a-5253-a193-d29c3091628c.html

CalPERS Hides the Ball on Disability Fraud (Independent Institute)
http://blog.independent.org/2018/08/23/calpers-hides-the-ball-on-disability-fraud/

National Stories

N.Y., Other State Pensions Slow to Divest From Private Prisons (Bloomberg)
https://www.bna.com/ny-state-pensions-n73014481930/

The Time Bomb Inside Public Pension Plans (Wharton)
http://knowledge.wharton.upenn.edu/article/the-time-bomb-inside-public-pension-plans/

August 23, 2018

California Stories

Government pay watchdog wants CalPERS to name retirees with disability pensions (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217105450.html

Pension Benefits and The California Rule: Time for It To Go? (The Federalist Society)
https://fedsoc.org/commentary/blog-posts/pension-benefits-and-the-california-rule-time-for-it-to-go

Soaring overtime fattens paychecks of California cops and firefighters. But at a cost (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article216919165.html

Another lawsuit demands California unions return fair share fees to government workers (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article217101015.html

11 Huntington Beach City Council candidates share ideas on pensions, low-income housing and offshore drilling (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-hb-candidate-forum-20180822-story.html

National Stories

A top N.J. Democrat backs pension reforms, calls for no ‘new tax hikes’ (NJ.com)
https://www.nj.com/politics/index.ssf/2018/08/a_top_nj_democrat_declares_no_new_tax_hikes_in_mur.html

A bipartisan plan to fix N.J. – reform pensions, public worker health benefits | Opinion (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/08/gop_lawmaker_nj_is_still_fixable_but_were_running.html

Chicago mulls $10 billion debt sale to fill pension funding hole — here’s why it’s a bad idea (Marketwatch)
https://www.marketwatch.com/story/chicago-mulls-sale-of-debt-to-fill-pension-funding-hole-heres-why-its-a-bad-idea-2018-08-21

August 22, 2018

California Stories

My turn: The facts about teacher pensions (Cal Matters)
https://calmatters.org/articles/commentary/my-turn-the-facts-about-teacher-pensions/

Group Sues CalPERS for Data on Pensions, Benefits (Techwire)
https://www.techwire.net/news/group-sues-calpers-for-data-on-pensions-benefits.html

CalPERS goes large with $2.7 bln of PE commitments in first half (PE Hub)
https://www.pehub.com/buyouts/calpers-goes-large-with-2-7-bln-of-pe-commitments-in-first-half/

National Stories

More steps must be taken to reduce risks in Minnesota’s public pension system (Minn Post)
https://www.minnpost.com/community-voices/2018/08/more-steps-must-be-taken-reduce-risks-minnesotas-public-pension-system

Union Urges Divestment from Immigrant Detention (Chief Investment Officer)
https://www.ai-cio.com/news/union-urges-divestment-immigrant-detention/

Chicago Teachers to Divest Private Prisons, Immigration Detention Centers (Chief Investment Officer)
https://www.ai-cio.com/news/chicago-teachers-divest-private-prisons-immigration-detention-centers/

 

August 21, 2018

California Stories

Open government group sues CalPERS over data on pension types (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/data-watch/sd-me-calpers-lawsuit-20180820-story.html

National Stories

Massachusetts public pension benefits are stingy (Marketwatch)
https://www.marketwatch.com/story/massachusetts-public-pension-benefits-are-stingy-2018-08-20

Did SWEENEY kill recent pension-padding bill? (Politico)
https://www.politico.com/newsletters/new-jersey-playbook/2018/08/20/did-sweeney-kill-recent-pension-padding-bill-senate-president-weve-got-the-votes-for-legal-weed-the-murphy-sweeney-cold-war-299181

Most can’t afford to serve as legislators: Rasmussen (App.com)
https://www.app.com/story/opinion/columnists/2018/08/20/nj-legislators-public-jobs-pensions/1040923002/

August 16, 2018

California Stories

14,000 CalPERS members and their families need to find a new 2019 health plan. Here’s why (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article215992375.html

CalPERS fires back against bill requiring liability calculations on Treasury rates (Pensions & Investments)
http://www.pionline.com/article/20180813/ONLINE/180819982/calpers-fires-back-against-bill-requiring-liability-calculations-on-treasury-rates

Calif. Pensions Reviewing Investments Tied to Border Enforcement (Bloomberg)
https://www.bna.com/calif-pensions-reviewing-n73014481751/

CalPERS adopts new private equity policy, changes staff discretion on commitments (Pensions & Investments)
http://www.pionline.com/article/20180814/ONLINE/180819956/calpers-adopts-new-private-equity-policy-changes-staff-discretion-on-commitments

National Stories

How Connecticut’s Government Unions Became “Above the Law” (Yankee Institute)
http://www.yankeeinstitute.org/2018/08/how-connecticuts-government-unions-became-above-the-law/

 

August 15, 2018

California Stories

School chief candidates Tuck, Thurmond on pensions (Cal Matters)
https://calmatters.org/articles/commentary/marshall-tuck-tony-thurmond-on-pensions/

CalPERS adopts new private equity policy, changes staff discretion on commitments (Pensions & Investments)
http://www.pionline.com/article/20180814/ONLINE/180819956/calpers-adopts-new-private-equity-policy-changes-staff-discretion-on-commitments

CalPERS CIO Orders Active Risk Review (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-cio-orders-active-risk-review/

National Stories

Opinion: Don’t confuse public pension cost with generosity (Marketwatch)
https://www.marketwatch.com/story/dont-confuse-public-pension-cost-with-generosity-2018-08-14

Have Public Employee Pensions Become More Generous, or Less? (Forbes)
https://www.forbes.com/sites/andrewbiggs/2018/08/14/have-public-employee-pensions-become-more-generous-or-less/#640fc8e71e20

Kentucky Supreme Court Will Weigh Controversial Pension Bill (Chief Investment Officer)
https://www.ai-cio.com/news/kentucky-supreme-court-will-weigh-controversial-pension-bill/

Dickinson attacks Raimondo on pension overhaul (Providence Journal)
http://www.providencejournal.com/news/20180814/dickinson-attacks-raimondo-on-pension-overhaul

Mayoral hopeful Vallas calls possible $10B Emanuel pension payoff ‘irresponsible’ (Chicago Tribune)
http://www.chicagotribune.com/news/local/politics/ct-met-paul-vallas-chicago-borrowing-20180814-story.html

Sweeney task force releases recommendations to rein in spending (NJTV)
https://www.njtvonline.org/news/video/sweeney-task-force-releases-recommendations-to-rein-in-spending/

Nice try, but pigs will fly before this toll plan does | Mulshine (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/08/nice_try_but_pigs_will_fly_before_this_toll_plan_d.html

August 14, 2018

California Stories

Borenstein: Cal Fire union leaders’ pension-spiking gambit (San Jose Mercury News)
https://www.mercurynews.com/2018/08/13/borenstein-cal-fire-union-leaders-pension-spiking-gambit/

CalPERS fires back against bill requiring liability calculations on Treasury rates (Pensions & Investments)
http://www.pionline.com/article/20180813/ONLINE/180819982/calpers-fires-back-against-bill-requiring-liability-calculations-on-treasury-rates

CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-advisor-tech-startup-model-shifts-direct-investment-model-makes-sense/

National Stories

Renewed call for pension reform angers public employee unions (NJTV News)
https://www.njtvonline.org/news/video/renewed-call-for-pension-reform-angers-public-employee-unions/

N.J. commission recommends moving new employees to hybrid fund (Pensions & Investments)
http://www.pionline.com/article/20180813/ONLINE/180819972/nj-commission-recommends-moving-new-employees-to-hybrid-fund

Minnesota’s pension reforms receive praise, but more fixes may be needed (Watchdog)
https://www.mdjonline.com/neighbor_newspapers/extra/news/minnesota-s-pension-reforms-receive-praise-but-more-fixes-may/article_f8c23b13-d1ea-5430-9053-9818a0073a7e.html

August 13, 2018

California Stories

CalPERS may channel more dollars to buyouts, give staff added flexibility (PE Hub)
https://www.pehub.com/buyouts/calpers-may-channel-more-dollars-to-buyouts-give-staff-added-flexibility/

CalPERS Cuts Most of Its Forestland Investment Program (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-cuts-forestland-investment-program/

National Stories

Will the Left Get Fooled Into Abandoning Worker Pensions? (In These Times)
http://inthesetimes.com/working/entry/21376/will_the_left_get_fooled_into_abandoning_worker_pensions

All you need to know about huge changes pushed for N.J. schools, property taxes, pensions and tolls (NJ.com)
https://www.nj.com/politics/index.ssf/2018/08/all_the_things_top_democrat_wants_to_change_to_sav.html

Employee compensation hikes have cost Naperville more than $500,000 in up-front pension payments (Naperville Sun (Ill.)
http://www.chicagotribune.com/suburbs/naperville-sun/news/ct-nvs-naperville-aurora-pension-boost-st-0812-story.html

AFT Exposes Billions Invested In Private Prisons Through Hedge Funds Held By Public Pensions
http://nhlabornews.com/2018/08/aft-exposes-billions-invested-in-private-prisons-through-hedge-funds-held-by-public-pensions/

August 10, 2018

California Stories

David Crane: Teachers’ pensions (Cal Matters)
https://calmatters.org/articles/commentary/reaction-teachers-pensions/

DeMaio defends Prop B following Supreme Court ruling on public employee union measure (Northern California Record)
https://norcalrecord.com/stories/511525961-demaio-defends-prop-b-following-supreme-court-ruling-on-public-employee-union-measure

National Stories

Sweeney task force recommends pension and benefits reforms, consolidating schools (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20180809/sweeney-task-force-recommends-pension-and-benefits-reforms-consolidating-schools

NJ spending cut task force report dead on arrival? Editorial (Asbury Park Press)
https://www.app.com/story/opinion/editorials/2018/08/09/fiscal-task-force-report-doa-editorial/950003002/

NJ is looking for a solution to high taxes. Combining school districts may be one of them (North Jersey Record)
https://www.northjersey.com/story/news/new-jersey/2018/08/09/njs-high-taxes-under-review-panel-plans-cut-government-spending/939810002/

NJ Politics Digest: Could This Be the Way Out of the State’s Fiscal Mess? (Observer)
http://observer.com/2018/08/nj-politics-digest-state-fiscal-mess/

CUT PENSIONS AND BENEFITS, MERGE SCHOOLS, NEW TOLLS — PLAN TO OVERHAUL NJ (NJ 1015)
http://nj1015.com/cut-pensions-and-benefits-merge-schools-new-tolls-plan-to-overhaul-nj/

Editorial: State pension fix should be front and center (ABQ Journal)
https://www.abqjournal.com/1207244/state-pension-fix-should-be-front-and-center.html

Idaho Public Employees returns net 8.4% in fiscal year (Pensions & Investments)
http://www.pionline.com/article/20180809/ONLINE/180809836/idaho-public-employees-returns-net-84-in-fiscal-year

Commentary: Getting retirement solutions rights is a matter of national security (Pensions & Investments)
http://www.pionline.com/article/20180809/ONLINE/180809861/commentary-getting-retirement-solutions-rights-is-a-matter-of-national-security

August 9, 2018

California Stories

San Diego’s Move to DC Plan in Limbo (Plan Sponsor)
https://www.plansponsor.com/san-diegos-move-dc-plan-limbo/

National Stories

Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher (Wall Street Journal)
https://www.wsj.com/articles/pension-funds-are-boosting-bull-market-bets-as-stocks-climb-higher-1533658674

New Report: Divestment of fossil fuels by New York, Colorado pensions has substantial cost for retirees, taxpayers
https://www.news-journal.com/ap/national/new-report-divestment-of-fossil-fuels-by-new-york-colorado/article_a4087749-189f-564d-b3cb-c4c08c394688.html

Report: Here’s what Colorado’s pension divestiture from oil, coal would cost retirees (Denver Business Journal)
https://www.bizjournals.com/denver/news/2018/08/08/colorado-pension-divestiture-oil-coal-cost.html

August 8, 2018

California Stories

Dave Low: The other side of the pension debate
https://calmatters.org/articles/commentary/53940/

California unions win another pension lawsuit. Will their streak continue? (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article216237135.html

A CalPERS false alarm (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article216252090.html

CalPERS to vote on coordinating consultants’ contracts (Pensions & Investments)
http://www.pionline.com/article/20180807/ONLINE/180809866/calpers-to-vote-on-coordinating-consultants-contracts

National Stories

Pensions Beat Expectations for 2nd Straight Year (Governing)
http://www.governing.com/topics/finance/gov-pension-returns.html

Rebuilding the employment security system for the Rust Belt that created it (Brookings Institute)
https://www.brookings.edu/blog/the-avenue/2018/08/07/rebuilding-the-employment-security-system-for-the-rust-belt-that-created-it/

Opinion: Depressed wages, pension cutbacks hurt black women (Cincinnati Inquirer)
https://www.cincinnati.com/story/opinion/2018/08/07/opinion-depressed-wages-pension-cutbacks-hurt-black-women/872361002/

Matt Brown hits Raimondo on her career making pension cuts (Uprise RI)
https://upriseri.com/news/elections/elections-2018/matt-brown-pensions/

Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher (WSJ)
https://www.wsj.com/articles/pension-funds-are-boosting-bull-market-bets-as-stocks-climb-higher-1533658674

August 7, 2018

National Stories

Lackluster asset performance in Q2 drops public pension funding by $23 billion
https://pilotonline.com/business/jobs/article_0333e403-3ea4-52a3-b672-f35c2edfa97d.html

With 6 months down, Gov. Murphy still learning how to win friends and influence lawmakers (North Jersey)
https://www.app.com/story/news/politics/new-jersey/phil-murphy/2018/08/06/phil-murphy-nj-first-six-months/902786002/

High property taxes pay public pensions, with little public service (Belleville News Democrat)
https://www.bnd.com/opinion/editorials/article215842285.html

Column: If they disavow Malloy, why elect any Democrats? (Journal Inquirer)
http://www.journalinquirer.com/public/if-they-disavow-malloy-why-elect-any-democrats/article_7ec656d8-996c-11e8-b9b2-3b9b25ada7d4.html

Why Taxpayers Are Shelling Out More Money for Worse Service (Mackinac Center)
https://www.mackinac.org/Why-Taxpayers-Are-Shelling-Out-More-Money

Controversy simmering over gauging pension obligations (Pensions & Investments)
http://www.pionline.com/article/20180806/PRINT/180809921/controversy-simmering-over-gauging-pension-obligations

August 6, 2018

California Stories

Column | Sanders and DeMaio talk of teaming up on another pension measure (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/columnists/michael-smolens/sd-me-smolens-pension-20180802-story.html

Three Cheers For The Los Angeles Times (Forbes)
https://www.forbes.com/sites/christopherburnham/2018/07/30/three-cheers-for-the-los-angeles-times/#127c35251d3e

Your Opinions | Taxpayers hurt most by San Diego’s failed pension effort (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/letters-to-the-editor/sd-le-san-diego-proposition-b-pension-reform-supreme-court-utak-20180802-story.html

Solano Voices: Teachers, start saving now (Fairfield Daily Republic)
https://www.dailyrepublic.com/all-dr-news/opinion/local-opinion-columnists/aug-4-solano-voices-teachers-start-saving-now/

Santa Maria officials contest part of grand jury’s report on employee pensions (Santa Maria Times)
https://santamariatimes.com/news/local/govt-and-politics/santa-maria-officials-contest-part-of-grand-jury-s-report/article_c4f9109e-0d4a-5e73-974c-ebd9b4e5f066.html

CalPERS Wants to Hire New Real Estate Managers (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-wants-hire-new-real-estate-managers/

National Stories

Controversy simmering over gauging pension obligations (Pensions & Investments)
http://www.pionline.com/article/20180806/PRINT/180809921/controversy-simmering-over-gauging-pension-obligations

August 3, 2018

California Stories

Supreme Court rules San Diego skipped key legal step in taking pension reform to voters (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-ruling-20180802-story.html

Editorial | San Diego’s pension mess just got a lot messier. Now what? (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/sd-pension-reform-supreme-court-20180802-story.html

Thousands of Employees Face Uncertainty After Supreme Court Pension Case (Voice of San Diego)
https://www.voiceofsandiego.org/topics/government/citys-defense-of-landmark-pension-reform-crumbled-at-supreme-court-1000s-of-employees-face-uncertainty/

San Diego’s Pension Initiative Required Union Input: Court (Bloomberg)
https://www.bna.com/former-san-diego-n73014481348/

State Supreme Court Rules Against San Diego Pension Reform (KPBS)
https://www.kpbs.org/news/2018/aug/02/state-supreme-court-rules-against-san-diego-pensio/

Sacramento Tax Increase Proposal Represents Statewide Trend (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/08/sacramento-tax-increase-proposal-represents-statewide-trend/

Marin Voice: It’s time officials face the facts about public pensions (Marin Independent Journal)
http://www.marinij.com/article/NO/20180802/LOCAL1/180809977

National Stories

Candidates differ on state pensions (ABQ Journal)
https://www.abqjournal.com/1203841/candidates-differ-on-state-pensions.html

August 2, 2018

California Stories

CalPERS on the Hunt for Renewable Investments (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-hunt-renewable-investments/

National Stories

Meet Four Gridlock-Busting Political Innovators (Forbes)
https://www.forbes.com/sites/marshallphelps/2018/08/01/meet-four-gridlock-busting-political-innovators/#3fcd3a63304a

August 1, 2018

California Stories

California Treasurer’s CalSavers Promises Brighter Future for Millions in Need of Retirement Savings
http://goldrushcam.com/sierrasuntimes/index.php/news/local-news/14936-california-treasurer-s-calsavers-promises-brighter-future-for-millions-in-need-of-retirement-savings

Grand jury urges county cities to prepare for crushing pension costs (The Almanac)
https://almanacnews.com/news/2018/07/31/grand-jury-urges-county-cities-to-prepare-for-crushing-pension-costs

Grand jury on pension crisis: Time for hard choices (Climate Online)
https://climaterwc.com/2018/07/31/grand-jury-on-pension-crisis-time-for-hard-choices/

National Stories

Why Our Public Pensions Need Stress Tests (Governing)
http://www.governing.com/columns/smart-mgmt/col-why-public-pensions-need-stress-tests.html

Report: Public retirement costs to blame for high property taxes (Illinois News Network)
https://www.ilnews.org/news/state_politics/report-public-retirement-costs-to-blame-for-high-property-taxes/article_49c33ec0-9434-11e8-8fbb-1f30f3c2cedb.html

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SEE ALSO:

 

CAPS Amicus Letter Supporting the Retirement Promise

New Appellate Decision On Changing Retirement Benefits For CURRENT Employees

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SEE ALSO

California Pension Reform Coalition to Focus on 2018 Ballot (1/2016)

Title and Summary for Reed/DeMaio Retirement Measure

Questions Answers about the DeMaio/Reed Pension Ballot Measure 

Fact Check:  Public Employees are Already Giving at the Office for Their Pensions

Misunderstandings Regarding State dept, Pensions, and Retiree Health Costs Create Unnecessary Alarm

Public Employee Facts Figures #7

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