Fighting Back on Retirement Benefits

November 15, 2018

California Stories

CalPERS slashed their pensions. Now they’re trying to get their money back (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article221604520.html

Investors With $4.8 Trillion Push Gun Industry for Reform (Bloomberg)
https://www.bloomberg.com/news/articles/2018-11-14/investors-with-4-8-trillion-push-firearms-industry-for-reform

National Stories

The Unsustainable Situation With State And Local Pension Liabilities (Seeking Alpha)
https://seekingalpha.com/article/4222167-unsustainable-situation-state-local-pension-liabilities

Public Pension Return Assumptions Fall to All-Time Low (Chief Investment Officer)
https://www.ai-cio.com/news/public-pension-return-assumptions-fall-time-low/

Pensions Account for 61% of Top 100 Asset Owners (Chief Investment Officer)
https://www.ai-cio.com/news/pensions-account-61-top-100-asset-owners/

City pension funds under scrutiny (Bay State Banner)
https://www.baystatebanner.com/2018/11/14/city-pension-funds-under-scrutiny/

 

November 14, 2018

California Stories

Outgoing California governor seeks court decision on pension reform (Education Dive)
https://www.educationdive.com/news/outgoing-california-governor-seeks-court-decision-on-pension-reform/541980/

CalPERS shifts gears on private equity investment plan (Education Dive)
https://www.pionline.com/article/20181113/ONLINE/181119938/calpers-shifts-gears-on-private-equity-investment-plan

CalPERS names interim CIO (Pensions & Investments)
https://www.pionline.com/article/20181113/ONLINE/181119946/calpers-names-interim-cio

November 13, 2018

California Stories

Editorial | This California Supreme Court case could ease cities’ pension crisis (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/sd-california-rule-pensions-supreme-court-20181109-story.html

California teacher pension fund pulls money out of immigrant detention centers (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article221440730.html

Court date set for California Rule pension arguments (Bond Buyer)
https://www.bondbuyer.com/news/court-date-set-for-california-rule-pension-arguments

Exclusive: California Supreme Court Sets Oral Arguments on Public Pension Rights (Chief Investment Officer)
https://www.ai-cio.com/news/exclusive-california-supreme-court-sets-oral-arguments-public-pension-rights/

High Court to Hear Brown Pension Reform Dec. 5 (Calpensions)
http://www.foxandhoundsdaily.com/2018/11/high-court-hear-brown-pension-reform-dec-5/

CalSTRS Joins Pensions Divesting From Private Prisons (Barron’s)
https://www.barrons.com/articles/calstrs-joins-pensions-divesting-from-private-prisons-1541782365

City Agrees to New Contract with DCEA, Ending a Decade-Long Standoff (Davis Vanguard)
https://www.davisvanguard.org/2018/11/city-agrees-new-contract-dcea-ending-decade-long-standoff/

 

National Stories

Whither the American pension? (The Daily Gazette)
https://dailygazette.com/article/2018/11/11/whither-the-american-pension

Sustainable investing’s secret weapon: Public pensions (Reuters)
https://www.cnbc.com/2018/11/12/reuters-america-your-money-sustainable-investings-secret-weapon-public-pensions.html

Reed pension plan a giveaway to insiders, critics say (Atlanta Constitution Journal)
https://www.ajc.com/news/local-govt–politics/reed-pension-plan-giveaway-insiders-critics-say/O0TrZUq6wOaGnOzlsHV3RL/

Accumulative Pension to Begin January 1, 2019 (Georgia Today)
http://georgiatoday.ge/news/13150/Accumulative-Pension-to-Begin-January-1%2C-2019

November 8, 2018

National Stories

EDITOR’S NOTE Bevin got it right and wrong (LEO Weekly)
https://www.leoweekly.com/2018/11/bevin-got-right-wrong/

EDITORIAL: Democrats will have free rein in Carson City (Las Vegas Review-Journal)
https://www.reviewjournal.com/opinion/editorials/editorial-democrats-will-have-free-rein-in-carson-city-1522220/

November 7, 2018

California Stories

Op-ed: Politicization of CalSTRS hurts returns, harms retirees (SF Chronicle)
https://www.sfchronicle.com/opinion/openforum/article/Politicization-of-CalSTRS-hurts-returns-harms-13368391.php

Oroville voters approve sales tax, cannabis tax (Chico Enterprise Record)
https://www.chicoer.com/2018/11/06/oroville-voters-approve-sales-tax-cannabis-tax/

Supporters Of Sacramento’s Measure U Sales Tax Increase Claim Victory (Capital Public Radio)
http://www.capradio.org/articles/2018/11/07/supporters-of-sacramentos-measure-u-sales-tax-increase-claim-victory/

National Stories

Commentary: A better split for pension funds (Pensions & Investments)
https://www.pionline.com/article/20181106/ONLINE/181109997/commentary-a-better-split-for-pension-funds

Next governor faces tall task with pension, health-care obligations (Journal Inqurier)
http://www.journalinquirer.com/opinion/other_commentary/next-governor-faces-tall-task-with-pension-health-care-obligations/article_6f3be1c6-e1a9-11e8-9701-3395a77ce0bc.html

Election outcome to shape how state handles pension problem (WQAD)
https://wqad.com/2018/11/06/election-outcome-to-shape-how-state-handles-pension-problem/

November 6, 2018

California Stories

$1 billion lawsuit over CalPERS insurance rates moves forward with trial date (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article221047010.html

Venture Capital Investments May Be in Future for Two San Jose Pension Plans (Chief Investment Officer)
https://www.ai-cio.com/news/venture-capital-investments-may-future-two-san-jose-pension-plans/

National Stories

Op-ed: The growing pension black hole is pulling us all in (The Hill)
https://thehill.com/opinion/finance/414871-growing-pension-black-holes-are-pulling-us-all-in

 

November 5, 2018

California Stories

Schools, cities and counties will ask California voters to OK taxes and borrowing totaling $20 billion (LA Times)
http://www.latimes.com/politics/la-pol-ca-road-map-local-bond-tax-measures-november-20181104-story.html

Public Pensions Attack Workers, SF Prof Abdulhadi Under Attack & Labor & Rise Of Fascism (Indy Bay)
https://www.indybay.org/newsitems/2018/11/02/18818686.php

Orange County Senator Predicts Financial Crisis In Public Schools (Patch)
https://patch.com/california/newportbeach/orange-county-senator-predicts-financial-crisis-public-schools

A SIGN OF SENSE IN CALIFORNIA? (PowerLine)
https://www.powerlineblog.com/archives/2018/11/a-sign-of-sense-in-california.php

The Balancing Act: The silver lining has some very dark clouds (Mountain Democrat)
https://www.mtdemocrat.com/opinion/the-balancing-act-the-silver-lining-has-some-very-dark-clouds/

Don’t bury Blackstone over Prop 10 just yet (Axios)
https://www.axios.com/blackstone-group-proposition-10-california-rent-control-ac2dc17a-ed4f-4a20-9d63-2c9fde34cbdf.html

National Stories

New board to oversee Michigan’s $70B public retirement fund (AP)
https://upnorthlive.com/news/local/new-board-to-oversee-michigans-70b-public-retirement-fund

Cottonwood – A Small Arizona City at the Turning Point (Sedona.biz)
http://www.sedona.biz/editorial-and-opinion/letter-to-the-editor/cottonwood-a-small-arizona-city-at-the-turning-point/

Reddy: Public employees earn their pensions and deserve a COLA (Wyoming Tribune Eagle)
https://www.wyomingnews.com/opinion/guest_column/reddy-public-employees-earn-their-pensions-and-deserve-a-cola/article_d31e7372-df2c-11e8-baf1-4fa1a0ffe5e5.html

 

November 2, 2018

California Stories

CalSTRS reveals 2017 portfolios costs (Pensions & Investments)
https://www.pionline.com/article/20181101/ONLINE/181109970/calstrs-reveals-2017-portfolios-costs

National Stories

To Divest or Dig In: Candidates Spar Over Where to Park Pension Billions Amid Climate Threats (City Limits)
https://citylimits.org/2018/11/01/to-divest-or-dig-in-candidates-spar-over-where-to-park-pension-billions-amid-climate-threats/

Pennsylvania Pension Panel Explores Debt-Cutting Plans (Chief Investment Officer)
https://www.ai-cio.com/news/pennsylvania-pension-panel-explores-debt-cutting-plans/

Tesla investors urge board to go beyond SEC-ordered overhaul (Pensions & Investments)
https://www.pionline.com/article/20181101/ONLINE/181109966/tesla-investors-urge-board-to-go-beyond-sec-ordered-overhaul

November 1, 2018

California Stories

Who Judges the Judges? We Do. (SF Weekly)
http://www.sfweekly.com/news/who-judges-the-judges-we-do/

Editorial: Albany leaders need to tax less and budget better (San Jose Mercury News)
https://www.mercurynews.com/2018/10/31/editorial-albany-leaders-need-to-budget-better-tax-less/

Alameda teachers, district deadlock in contract talks (East Bay Times)
https://www.eastbaytimes.com/2018/10/31/alameda-teachers-district-deadlock-in-contract-talks/

National Stories

S&P NOTES PROGRESS BUT RANKS NJ’S AMONG WORST-FUNDED PENSION SYSTEMS (NJ Spotlight)
https://www.njspotlight.com/stories/18/10/31/s-p-notes-progress-but-still-ranks-nj-among-worst-funded-public-pension-systems/

Growing Number of $100,000-plus Public Pensions (Alton Daily News (Ill.)
http://altondailynews.com/news/details.cfm?clientid=17&id=274007#.W9sYsRNKj6Y

October 31, 2018

California Stories

More California cops and firefighters are paying for their pensions. Is it too late? (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article220698755.html

CalPERS Must Focus on Fiduciary Responsibility, Not Social Issues (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/10/calpers-must-focus-fiduciary-responsibility-not-social-issues/

National Stories

The Dangerous Consequence Of Cutting Public Safety Pensions (Forbes)
https://www.forbes.com/sites/dianeoakley/2018/10/30/the-predictable-consequence-of-cutting-public-safety-pensions/#30411f321135

Sweeney: Pension and health care reforms can bring down property taxes (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20181030/sweeney-pension-and-health-care-reforms-can-bring-down-property-taxes

Arizona May Get $275 Million Public Pension Lifeline from Voters (Bloomberg)
https://www.bloomberg.com/news/articles/2018-10-30/arizona-may-get-275-million-public-pension-lifeline-from-voters

Rob Roper: Will Bond Downgrade Spark Pension Reform? (Caledonian Record)
https://www.caledonianrecord.com/opinion/columns/rob-roper-will-bond-downgrade-spark-pension-reform/article_ccd9444b-3d14-5d81-a81d-9d5db0b4615c.html

More than 10,000 retired Illinois educators earn six-figure pensions (The College Fix)
https://www.thecollegefix.com/more-than-10000-retired-illinois-educators-earn-six-figure-pensions/

Reports: Growing number of $100,000-plus public pensions in Illinois cost taxpayers (Illinois News Network)
https://www.ilnews.org/news/economy/reports-growing-number-of–plus-public-pensions-in-illinois/article_bbe55b58-dbad-11e8-8446-5feaa32a50af.html

 

October 29, 2018

California Stories

Gubernatorial candidates John Cox, Gavin Newsom answer questions from local educators (Desert Sun)
https://www.desertsun.com/story/news/education/2018/10/25/candidates-governor-answer-questions-coachella-valley-educators/1755319002/

No large CalPERS exit fee for charter schools (Calpensions)
https://calpensions.com/2018/10/29/no-large-calpers-exit-fee-for-charter-schools/

OPINION Sales-tax hike not good for Pasadena (Pasadena Star News)
https://www.pasadenastarnews.com/2018/10/27/sales-tax-hike-not-good-for-pasadena/

Op-ed: Measure I Won’t Save Pasadena From CalPERS Debt (Law 360)
https://www.law360.com/tax/articles/1096117/measure-i-won-t-save-pasadena-from-calpers-debt

National Stories

Statewide races shining spotlight on public funds (Pensions & Investments)
https://www.pionline.com/article/20181029/PRINT/181029851/statewide-races-shining-spotlight-on-public-funds

Man Behind New York’s $209 Billion Fund Running to Keep His Job (Bloomberg)
https://www.bloomberg.com/news/articles/2018-10-26/man-behind-new-york-s-209-billion-fund-running-to-keep-his-job

Hoosiers Will Vote “Yes” Or “No” On Balanced Budget Amendment (Eagle Country Online)
https://www.eaglecountryonline.com/news/local-news/hoosiers-will-vote-yes-or-no-on-balanced-budget-amendment/

October 26, 2018

California Stories

Jerry Brown awaits his day in court on pension reform (EdSource)
https://edsource.org/2018/jerry-brown-awaits-his-day-in-court-on-pension-reform/603988

Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that ‘poses danger’ to young companies (Business Insider)
https://www.businessinsider.com/investor-group-petitions-exchanges-on-governance-2018-10

 

National Stories

Illinois $100,000 Club: 94,000 Six-Figure Public Employees And Retirees Cost Taxpayers $12B (Forbes)
https://www.forbes.com/sites/adamandrzejewski/2018/10/26/illinois-100000-club-94000-six-figure-public-employees-and-retirees-cost-taxpayers-12b/#8949bf6481a4

October 25, 2018

California Stories

Letter: Calpers Takes the Long, not a Political, View (WSJ)
https://www.wsj.com/articles/calpers-takes-the-long-not-a-political-view-1540418871

National Stories

Public Pension Gap Widening Between Top and Bottom Funds (Chief Investment Officer)
https://www.ai-cio.com/news/public-pension-gap-widening-top-bottom-funds/

Moody’s: Schools Suffer As Unfunded Pension Liabilities Grow (Value Walk)
https://www.valuewalk.com/2018/10/moodys-schools-suffer-as-unfunded-pension-liabilities-grow/

John Stossel: Public pensions: Politicians’ deceitful promises
http://www.vvdailypress.com/news/20181024/public-pensions-politicians-deceitful-promises

Generalizations Do Not Show the True Picture for Public Pensions (Plan Sponsor)
https://www.plansponsor.com/generalizations-not-show-true-picture-public-pensions/

Democrats make accusations about Republican IPERS pension intentions (Radio Iowa)
https://www.radioiowa.com/2018/10/24/democrats-make-accusations-about-republican-ipers-pension-intentions/

October 24, 2018

California Stories

Palo Alto want to use more realistic assumptions about pension costs, but that would raise city’s expenses (Daily Post)
https://padailypost.com/2018/10/23/palo-alto-want-to-use-more-realistic-assumptions-about-pension-costs-but-that-would-raise-citys-expenses/

SF pension board votes to divest from five fossil fuel companies (SF Chronicle)
https://www.sfchronicle.com/business/article/SF-pension-board-votes-to-divest-from-five-fossil-13330283.php?src=hp_totn

How California public employees fund anti-rent control fight unwittingly (The Guardian)
https://www.theguardian.com/us-news/2018/oct/23/california-public-employees-unwittingly-fund-rent-control-fight

CalSTRS picks new corporate governance chief (Pensions & Investments)
http://www.pionline.com/article/20181023/ONLINE/181029953/calstrs-picks-new-corporate-governance-chief

National Stories

How States Have Tried To Close Their Pension Funding Gaps (Frontline)
https://www.pbs.org/wgbh/frontline/article/how-states-have-tried-to-close-their-pension-funding-gaps/

A Different Kind of Democrat (The Weekly Standard)
https://www.weeklystandard.com/ethan-epstein/a-different-kind-of-democrat

Despite transparency law, investment manager contracts for public pensions heavily redacted (Insider Louisville)
https://insiderlouisville.com/government/despite-transparency-law-investment-manager-contracts-for-public-pensions-heavily-redacted/

October 23, 2018

California Stories

Walnut Creek council candidates stake out positions on downtown, employee pensions (East Bay Times)
https://www.eastbaytimes.com/2018/10/22/walnut-creek-council-candidates-stake-out-positions-on-downtown-employee-pensions/

National Stories

THE PRIVATE EQUITY GOVERNOR: Illinois Gov. Bruce Rauner, Sworn Foe of Pensions, Made a Fortune Charging High Fees to Public Pensions (The Intercept)
https://theintercept.com/2018/10/22/illinois-governor-bruce-rauner-pensions/

Op-ed: The Next Retirement Crisis: America’s Public Pensions (Forbes)
https://www.forbes.com/sites/nextavenue/2018/10/22/the-next-retirement-crisis-americas-public-pensions/#5b990f4026f2

‘Frontline’ Examines Woes of Kentucky’s Underfunded Teacher Pension Plan (Education Week)
http://blogs.edweek.org/edweek/education_and_the_media/2018/10/frontline_examines_teacher_pension_plan_woes_in_kentucky.html

OP-ED: PUBLIC EMPLOYEE RETIREES DESERVE A VOICE ON PENSIONS, BENEFITS (NJ Spotlight)
https://www.njspotlight.com/stories/18/10/21/op-ed-public-employee-retirees-deserve-a-voice-on-pensions-benefits/

National teachers union president to stump for Kate Brown in Portland (The Oregonian)
https://www.oregonlive.com/education/index.ssf/2018/10/national_teachers_union_presid.html

October 22, 2018

California Stories

Will Brown get chance to defend pension reform? (Calpensions)
https://calpensions.com/2018/10/22/will-brown-get-chance-to-defend-pension-reform/

Republican Greg Conlon, Democrat Fiona Ma vie for California state treasurer (Daily Californian)
http://www.dailycal.org/2018/10/18/republican-greg-conlon-democrat-fiona-ma-vie-for-california-state-treasurer/

 

National Stories

A GIANT PILE OF MONEY: How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees (The Intercept)
https://theintercept.com/2018/10/20/public-pensions-crisis-wall-street-fees/

THE WHISTLE BLOWER: How a Gang of Hedge Funders Strip-Mined Kentucky’s Public Pensions (The Intercept)
https://theintercept.com/2018/10/21/kentucky-pensions-crisis-hedge-funds/

How will governor candidates tackle Illinois’ big pension problem? (RR Star)
http://www.rrstar.com/news/20181020/how-will-governor-candidates-tackle-illinois-big-pension-problem

The Ticking Pension Bomb (City Journal)
https://www.city-journal.org/stossel/state-and-local-pension-crisis

Where Pennsylvania’s candidates for governor stand on issues (AP)
https://wbng.com/news/pennsylvania-news-from-the-associated-press/2018/10/19/where-pennsylvanias-candidates-for-governor-stand-on-issues/

Trillo: He’d investigate Raimondo’s pension actions (Providence Journal)
http://www.providencejournal.com/news/20181019/trillo-hed-investigate-raimondos-pension-actions

County pays down pension liability, saves nearly $30 million for taxpayers (Arizona Daily Sun)https://azdailysun.com/news/local/govt-and-politics/county-pays-down-pension-liability-saves-nearly-million-for-taxpayers/article_a0e642ab-9fc7-5a25-997c-a757fcb64a88.html

More alternative investments added to Luzerne County employee pension fund (Times Leader)
https://www.timesleader.com/news/722218/more-alternative-investments-added-to-luzerne-county-employee-pension-fund

 October 20, 2018

California Stories

Council Candidates Tackle Pension Debt, City Hall Pay (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/October%20-%202018/10_15_2018_PART_II_Council_Candidates_Tackle_Pension_Debt_City_Hall_Pay.html

 

National Stories

Governments Should Be Run More Like Businesses (Barron’s)
https://www.barrons.com/articles/governments-should-be-run-more-like-businesses-1539373879

October Rout Will Test Pensions’ Wall Street Crash Protection
https://www.wsj.com/articles/october-rout-will-test-pensions-wall-street-crash-protection-1539525603

Accused are getting benefits (Hartford Journal Inqurier)
http://www.journalinquirer.com/newsletters/accused-are-getting-benefits/article_e0445518-ce32-11e8-ad0e-8f05d071a4e4.html

GUEST COLUMN: Public pensions — a closer look (Journal Gazette)
https://jg-tc.com/opinion/guest-column-public-pensions—-a-closer-look/article_339b8a83-d082-5fe6-b2a6-21c28d548d8b.html

October 19, 2018

California Stories

Locals seek new levies despite $4B property tax surge (Calmatters)
https://calmatters.org/articles/commentary/locals-seek-new-levies-despite-4b-property-tax-surge/

Op-ed: Why is CalPERS still a top investor in Russia’s sovereign debt? (LA Times)
http://www.latimes.com/opinion/op-ed/la-oe-hettena-calpers-russia-20181017-story.html

Op-ed: California Public Employees Vote Against Pension-Fund Activism
https://www.wsj.com/articles/california-public-employees-vote-against-pension-fund-activism-1539904066

Fate of contracts, pensions uncertain (Gilroy Dispatch)
http://gilroydispatch.com/2018/10/17/fate-of-contracts-hospitals-pensions-uncertain/

National Stories

Mayor Rahm Emanuel’s final budget speech: An exercise in legacy-building (Chicago Tribune)
http://www.chicagotribune.com/news/local/politics/ct-met-rahm-emanuel-budget-speech-20181016-story.html

Pension change could help recruit, retain public safety dispatchers, city staff says (Denton Record-Chronicle)
https://www.dentonrc.com/news/denton/denton_city_council/pension-change-could-help-recruit-retain-public-safety-dispatchers-city/article_9ea6a4fe-59b7-5d02-98f1-dafb12f99579.html

Letter: Don’t blame workers for state’s financial problems (Chicago Sun Times)
https://chicago.suntimes.com/opinion/pritzker-endorsement-illinois-state-workers-afscme-budget/

October 17, 2018

California Stories

Dave Low: Forget naysayers: Public pension funds doing fine
http://capitolweekly.net/forget-naysayers-pension-funds-fine/

National Stories

$5B+ public pension liability nearly as large as state’s entire annual budget (New Hampshire Union Leader)
http://www.unionleader.com/state-government/5b-public-pension-liability-nearly-as-large-as-states-entire-annual-budget-20181016

Washington State Investment Board Returns 10.04% (Chief Investment Officer)
https://www.ai-cio.com/news/washington-state-investment-board-returns-10-04/

 

October 13, 2018

California Stories

Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies (Chief Investment Officer)
https://www.ai-cio.com/news/exclusive-san-francisco-pension-system-approves-divestment-five-fossil-fuel-companies/

National Stories

PERS may be defining issue of Oregon’s governor race (Oregon Live)
https://www.oregonlive.com/expo/news/erry-2018/10/bfe35c0b051578/pers-may-be-defining-issue-of.html

October 12, 2018

California Stories

San Diego will appeal costly pension ruling to U.S. Supreme Court, citing former mayor’s free-speech rights (San Diego Union-Tribune)
http://www.sandiegouniontribune.com/news/california/la-me-san-diego-pension-supreme-court-20181011-story.html

As pension costs go up, California cities turn to voters for tax increases (Bond Buyer)
https://www.bondbuyer.com/news/as-pension-costs-go-up-california-cities-seek-tax-increases

If voters OK an increase, Port Hueneme sales tax would be region’s highest (Ventura County Star)
https://www.vcstar.com/story/news/2018/10/11/california-election-measure-u-port-hueneme-sales-tax-increase/1578642002/

National Stories

‘Orphaned’ pension debts threaten taxpayers (Lexington Herald-Leader)
http://www.paducahsun.com/news/local/orphaned-pension-debts-threaten-taxpayers/article_e8a9cbfe-bdee-51d7-98f3-2c6cd2872b65.html

October 11, 2018

California Stories

California Firefighters Make It Hard to Break Up With Russia (Bloomberg)
https://www.bloomberg.com/news/articles/2018-10-10/californian-firemen-make-breaking-up-with-russia-debt-hard-to-do

National Stories

As state agencies privatize jobs, ‘orphaned’ pension debts threaten Kentucky taxpayers (Lexington Herald Leader)
https://www.kentucky.com/news/politics-government/article219740115.html

Pension Checks —— and Balances (Fort Worth Weekly)
https://www.fwweekly.com/2018/10/10/pension-checks-and-balances/

October 10, 2018

California Stories

New York, California lead in green debt — but issuance is diving (Pensions & Investments)
http://www.pionline.com/article/20181009/INTERACTIVE/181009847/new-york-california-lead-in-green-debt-but-issuance-is-diving

 

October 9, 2018

California Stories

CalPERS President Loses Her Board Seat (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-president-loses-board-seat/

National Stories

How Public Employee Benefits (Beyond Pensions and Health Care) Compare to the Private Sector’s (Governing)
http://www.governing.com/topics/workforce/gov-private-versus-public-sector-employee-benefits.html

Pensions Get Bolder in Challenging Private Equity on Investments’ Human Cost (NY Times)
https://www.nytimes.com/2018/10/08/business/toys-r-us-workers-public-pensions-private-equity.html

October 8, 2018

California Stories

Editorial | Will CalPERS finally focus on returns? (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-ed-calpers-board-investments-pension-finances-utak-20181005-story.html

National Stories

‘Move ‘em out’ trucks arrive at Capitol for lawmakers who voted for pension bill (Lexington Herald Leader)
https://www.kentucky.com/news/politics-government/article219483110.html

Bellwether: What cuts would you suggest to help balance the Illinois state budget? (Journal Star)
http://www.pjstar.com/opinion/20181006/bellwether-what-cuts-would-you-suggest-to-help-balance-states-budget

Griebel: Tapping pension funds risky — doing nothing is worse (Connecticut Mirror)
https://ctmirror.org/2018/10/05/griebel-tapping-pension-funds-risky-nothing-worse/

October 5, 2018

California Stories

A Retirement Wealth Gap Adds a New Indignity to Old Age (Wall Street Journal)
https://www.wsj.com/articles/the-battle-of-the-pickleball-court-retirement-wealth-gap-disrupts-old-age-1538666948

Shakeup at CalPERS board: Cop unseats pension fund’s president (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article219505330.html

CalPERS board president is ousted in election, losing to Corona police officer (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-may-2018-calpers-board-president-is-ousted-in-1538686395-htmlstory.html

CalPERS president loses board seat to policeman (Calpensions)
https://calpensions.com/2018/10/05/calpers-president-loses-board-seat-to-policeman/

October 4, 2018

California Stories

Worried about CalPERS? Three new laws could protect workers, governments. (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article219340310.html

National Stories

Gov. Malloy’s Last Spin on the Facts (Yankee Institute)
http://www.yankeeinstitute.org/2018/10/gov-malloys-last-spin-on-the-facts/

October 3, 2018

California Stories

Dick Spotswood: Marin deserves better than what Measure AA has to offer (Marin Independent Journal)
https://www.marinij.com/2018/10/02/dick-spotswood-marin-deserves-better-than-what-measure-aa-has-to-offer/

National Stories

Taxpayer advocate says pensions are ‘bankrupting’ Illinois (Journal Star)
http://www.pjstar.com/news/20181002/taxpayer-advocate-says-pensions-are-bankrupting-illinois

 

October 2, 2018

California Stories

CalPERS adopts harassment investigation policy for board members (Pensions & Investments)
http://www.pionline.com/article/20181001/ONLINE/181009952/calpers-adopts-harassment-investigation-policy-for-board-members

California law creates gender requirement for corporate boards (Pensions & Investments)
http://www.pionline.com/article/20181001/ONLINE/181009967/california-law-creates-gender-requirement-for-corporate-boards

National Stories

WEENEY PANEL PROPOSES ‘401(K) PENSION’ FOR SOME STATE, LOCAL WORKERS (NJ Spotlight)
http://www.njspotlight.com/stories/18/09/30/sweeney-panel-proposes-401-k-pension-for-some-state-local-workers/

How Public Pension Boards Are Making a Crisis Worse (Governing)
http://www.governing.com/gov-institute/voices/col-how-public-pension-boards-making-crisis-worse.html

Understanding Social Security For The Public Sector: The Government Pension Offset (Forbes)
https://www.forbes.com/sites/tomhager/2018/10/01/understanding-social-security-for-the-public-sector-the-government-pension-offset/#75a59efd3bf3

 

October 1, 2018

California Stories

Dan Walters: Massive study shows California schools face bleak financial future
https://www.mercurynews.com/2018/09/30/walters-massive-study-shows-california-schools-face-bleak-financial-future/

Moorlach: Justice v. Retribution: AB 3120 Could Bankrupt Schools, Non-profits (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/09/justice-v-retribution-ab-3120-bankrupt-schools-nonprofits/

Rough seas to greet new CIO of CalPERS
http://www.pionline.com/article/20181001/PRINT/181009991/rough-seas-to-greet-new-cio-of-calpers

California turns up the heat on climate change disclosures: New law requires big pension funds to provide more information on environmental risk (Financial Times)
https://www.ft.com/content/a4c8fffa-869a-3e76-8e05-e8acc572d293

National Stories

Springfield officials tackle pension debt with proposed $2 million budget transfer (Mass Live)
https://www.masslive.com/news/index.ssf/2018/09/springfield_officials_tackle_p.html

Public Pension Funding Remains Challenging, Despite Two-Year Streak of Healthy Investment Returns (Reason)
https://reason.org/commentary/public-pension-funding-remains-challenging-despite-two-year-streak-of-healthy-investment-returns/

Who’s Afraid of a 401(k)? (Yankee Institute)
http://www.yankeeinstitute.org/2018/09/whos-afraid-of-a-401k/

In Texas, Teachers See Savings Eroded by Bad Bets on Exotic Stocks (The Street)
https://www.thestreet.com/markets/texas-teachers-see-savings-eroded-by-bad-bets-on-exotic-stocks-14701947

What Is The Role Of Public Pension Plans In Proxy Voting? (Forbes)
https://www.forbes.com/sites/christopherburnham/2018/09/28/what-is-the-role-of-public-pension-plans-in-proxy-voting/#20b6840b2d9c

‘Mistake’ to move airport ownership to pension, Wirepoints founder warns (Chicago City Wire)
https://chicagocitywire.com/stories/511582271-mistake-to-move-airport-ownership-to-pension-wirepoints-founder-warns