February 23, 2018

California Stories

Dan Walters: Pension Crisis Will Haunt California for Years to Come
http://www.citywatchla.com/index.php/los-angeles/14955-pension-crisis-will-haunt-california-for-years-to-come

California Proposal Seeks Shift from Public DB to DC (Plan Sponsor)
https://www.plansponsor.com/want-employees-invest-tax-savings-act-now/

Lodi Unified board calls for more funding for public schools (Lodi News-Sentinel)
http://www.lodinews.com/news/article_ed644d3e-17a3-11e8-9498-b753b9dbbae3.html

 

National Stories

This Is What Life Without Retirement Savings Looks Like (The Atlantic)
https://www.theatlantic.com/business/archive/2018/02/pensions-safety-net-california/553970/

Retirement Experts to New Government Employees: Think for Yourself (Governing)
http://www.governing.com/topics/workforce/gov-pension-reform-new-employees-retirement.html

Teachers and state employees face big pension changes. So do lawmakers. (Inside Louisville)
https://insiderlouisville.com/metro/teachers-and-state-employees-face-big-pension-changes-so-do-lawmakers/

Op-ed: With state pensions, the sky is not falling (Bozeman Daily Chronicle)
https://www.bozemandailychronicle.com/opinions/letters_to_editor/with-state-pensions-the-sky-is-not-falling/article_85ecdd17-86ed-5ff7-9db9-be651af38d25.html

Teacher Retirement Funds in 12 States Hold Gun Company Stocks (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-22/teacher-retirement-funds-in-12-states-hold-gun-company-stocks

Florida Teachers Demand Their Retirement Fund Dump Gun Stocks (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-22/florida-teachers-call-on-state-pension-to-sell-gunmakers-stakes

Why taking gun stocks out of the Florida teachers pension is not simple (Washington Post)
https://www.washingtonpost.com/news/get-there/wp/2018/02/21/florida-teachers-union-presses-state-pension-to-sell-shares-in-gun-manufacturers/?utm_term=.b13b2de8cad6

State pensions and fund companies feel heat over their investments in gun makers (CNBC)
https://www.cnbc.com/2018/02/22/state-pensions-and-fund-companies-feel-heat-over-their-gun-stock-investments.html

Bill Would Ban NJ Pension Funds From Investing In Gun Manufacturers (WBGO)
http://wbgo.org/post/bill-would-ban-nj-pension-funds-investing-gun-manufacturers#stream/0

 

February 22, 2018

California Stories

Retirement Debt: What’s the problem and how does it affect you? (Cal Matters)
https://calmatters.org/articles/california-retirement-pension-debt-explainer/

California Bill Would Allow State Workers to Opt Out of CalPERS (Chief Investment Officer)
https://www.ai-cio.com/news/california-bill-allow-state-workers-opt-calpers/

State lawmakers maneuver as CalPERS brings more change (The Bond Buyer)
https://www.bondbuyer.com/news/state-lawmakers-maneuver-as-calpers-brings-more-change

 

Dumanis Collected Pension and Salary in Last Two Years as DA (Voice of San Diego)
https://www.voiceofsandiego.org/topics/politics/dumanis-collected-pension-and-salary-in-last-two-years-as-da/

National Stories

Teachers face big cuts in pension plan that would save state $4.8 billion (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article201352514.html

Teachers and state employees face big pension changes. So do lawmakers. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article201429159.html

The Kentucky General Assembly finally has a pension bill, which varies greatly from Bevin’s original proposal (Insider Louisville)
https://insiderlouisville.com/metro/the-kentucky-general-assembly-finally-has-a-pension-bill-which-varies-greatly-from-bevins-original-proposal/

Pension reform bill filed, focuses on new system for future hires (The Lane Report)
https://www.lanereport.com/87361/2018/02/pension-reform-bill-filed-focuses-on-new-system-for-future-hires/

Managers tell ‘Real Story’ of public retirement system (Belgrade News (Montana)
http://www.belgrade-news.com/opinion/columnists/guest_columnists/managers-tell-real-story-of-public-retirement-system/article_92c1193c-1764-11e8-8282-d7a1e6c9b3a9.html

New York City Sanitation Worker’s $285,000 Pension Is More Than Twice His Salary (The Epoch Times)
https://www.theepochtimes.com/new-york-city-sanitation-workers-285000-pension-is-more-than-twice-his-salary_2446521.html

February 20, 2018

California Stories

Op-ed: Wall Street caused pension crisis, not cops and firefighters (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article200406739.html

OPINION Why does California’s Secure Choice program still exist? (Riverside Press Enterprise)
https://www.pe.com/2018/02/16/why-does-californias-secure-choice-program-still-exist/

Borenstein: On pension debt, CalPERS does the right thing — sort of (San Jose Mercury News)
https://www.mercurynews.com/2018/02/20/borenstein-on-pension-debt-calpers-does-the-right-thing-sort-of/

New Glazer bills take on state pensions, renter support, pet safety (Pleasanton Weekly)
https://www.pleasantonweekly.com/news/2018/02/19/new-glazer-bills-take-on-state-pensions-renter-support-pet-safety

Editorial: SR school district faces urgent need to make cuts (Santa Rosa Press Telegram)
http://www.pressdemocrat.com/opinion/8010159-181/pd-editorial-sr-school-district

Outside Audit Warns Santa Monica City Might Not Be Able to “Absorb” Coming Recessions (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/February-2018/02_20_2018_Outside_Audit_Warns_Santa_Monica_City_Might_Not_Be_Able_to_Absorb_Coming_Recessions.html

City ponders CalPERS liability (The Daily Independent)
http://www.ridgecrestca.com/news/20180217/city-ponders-calpers-liability

Judge Upholds Cut In Bustamante’s Pension Over Sex Crimes (Voice of OC)
https://voiceofoc.org/2018/02/judge-upholds-cut-in-bustamantes-pension-over-sex-crimes/

National Stories

Public Pensions Are Still Betting More Than Half of All Assets on Stocks (Wall Street Journal)
https://www.wsj.com/articles/public-pensions-are-still-betting-more-than-half-of-all-assets-on-stocks-1519131600

Gov. Rauner takes aim at teacher pensions (The DePaulia)
http://depauliaonline.com/32741/news/gov-rauner-takes-aim-at-teacher-pensions/

Rauner’s pension shift proposal “financially devastating” to QPS (Herald-Whig)
http://www.whig.com/20180217/rauners-pension-shift-proposal-financially-devastating-to-qps#

Editorial: Shifting Illinois pension burden to school districts is no budget solution (Herald-Whig)
http://www.whig.com/20180218/shifting-illinois-pension-burden-to-school-districts-is-no-budget-solution#//

Strategic cost cutting at Morehouse State due to pensions, budget cuts (The Daily Independent)
http://www.dailyindependent.com/news/strategic-cost-cutting-at-msu-due-to-pensions-budget-cuts/article_5cf88a24-1363-11e8-b1bd-2fe73c8520c5.html

Dan Haar: State could save billions by giving lottery to pension funds (Connecticut Post)
https://www.ctpost.com/business/danhaar/article/Dan-Haar-State-could-give-lottery-to-pension-12620782.php

Chaos in Traverse City, as county government wrestles with pension debt (Bridge (Mich.)
http://www.bridgemi.com/public-sector/chaos-traverse-city-county-government-wrestles-pension-debt

Michigan cities and counties haunted by retiree liabilities (Bridge (Mich.)
http://www.bridgemi.com/public-sector/michigan-cities-and-counties-haunted-retiree-liabilities

More than $6 billion gap in state pension funding draws concern (Alaska Public Media)
https://www.alaskapublic.org/2018/02/19/more-than-6-billion-gap-in-state-pension-funding-draws-concern/

Guest column: Facing up to our pension problems (Montana Standard)
http://mtstandard.com/opinion/columnists/facing-up-to-our-pension-problems/article_c53bafa0-e24a-5973-87e4-a78e621bdb0d.html

February 16, 2018

California Stories

CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article200191149.html

California’s massive state pension fund lost $15 billion in the recent market chaos (Value Walk)
http://www.businessinsider.com/californias-massive-state-pension-fund-lost-15-billion-in-the-recent-market-chaos-2018-2?r=UK&IR=T

Roseville to spend extra $500K a year on capital improvements (Roseville Press Tribune)
http://www.thepresstribune.com/article/2/15/18/roseville-spend-extra-500k-year-capital-improvements

National Stories

Case Study Warns of Effect of Move From Public DB to Public DC (Plan Sponsor)
https://www.plansponsor.com/case-study-warns-effect-move-public-db-public-dc/

February 15, 2018

California Stories

New pension plan will squeeze California cities (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article200057509.html

California Cities’ Pension Bills May Rise With Calpers Move (Bloomberg)
https://www.bloombergquint.com/onweb/2018/02/13/california-cities-pension-strains-may-deepen-in-calpers-move

California cities’ pension bills may rise with CalPERS move (Benefits Pro)
http://www.benefitspro.com/2018/02/14/california-cities-pension-bills-may-rise-with-calp

The Canary in the Coal Mine for California’s Public Pensions (American Institute for Economic Research)
https://www.aier.org/blog/canary-coal-mine-californias-public-pensions

California Cities’ Pension Bills May Rise With Calpers Move (Think Advisor)
http://www.themoreheadnews.com/news/state-pension-plan-said-to-be-imminent/article_0a1b2ab0-119b-11e8-a4a1-bfce8e4d9a66.html

Legislators Quietly Changed Reform Laws to Allow Pensioners, Like Dumanis, to Take Salary Too (Voice of San Diego)
https://www.voiceofsandiego.org/topics/government/legislators-quietly-changed-reform-laws-allow-pensioners-like-dumanis-take-salary/

Editorial: WHY CITIES LIKE CERES FACE BUDGET DISASTER (The Ceres Courier)
http://www.cerescourier.com/section/22/article/9905/

National Stories

Op-ed: Government unions are in deep trouble. And they have themselves to blame. (Washington Post)
https://www.washingtonpost.com/opinions/government-unions-are-in-deep-trouble-and-they-have-themselves-to-blame/2018/02/14/a317d396-11a8-11e8-8ea1-c1d91fcec3fe_story.html?utm_term=.d3563ad0f438

Rauner’s budget leans on local schools, state workers (The State Journal-Register)
http://www.sj-r.com/news/20180214/rauners-budget-leans-on-local-schools-state-workers

Rauner calls for $1B tax cut, pension reform
http://www.rrstar.com/news/20180214/rauner-calls-for-1b-tax-cut-pension-reform

Slowik: Rauner’s budget message fits trend — Make the other guy pay (Chicago Tribune)
http://www.chicagotribune.com/suburbs/daily-southtown/opinion/ct-sta-slowik-rauner-budget-shift-st-0215-20180214-story.html

No mandatory 401(k)-style retirement plans in pension bill, Senate president pledges (Lexington Herald Leader)
http://www.kentucky.com/news/state/article200137894.html

Will a long-awaited pension bill move new teachers into a ‘hybrid’ retirement plan? (Insider Louisville)
https://insiderlouisville.com/metro/will-a-long-awaited-pension-bill-move-new-teachers-into-a-hybrid-retirement-plan/

State pension plan said to be imminent (The Morehead News (Kentucky)
http://www.themoreheadnews.com/news/state-pension-plan-said-to-be-imminent/article_0a1b2ab0-119b-11e8-a4a1-bfce8e4d9a66.html

Editorial: Court acts justly on pension bilking (Providence Journal)
http://www.providencejournal.com/opinion/20180214/editorial-court-acts-justly-on-pension-bilking

COMMENTARY Standing up for public employee unions (Minneapolis Star Tribune)
http://www.startribune.com/standing-up-for-public-employee-unions/474106793/

Candid talk needed to address state’s pension woes (Belgrade News)
http://www.belgrade-news.com/opinion/columnists/guest_columnists/candid-talk-needed-to-address-state-s-pension-woes/article_e10ee50c-11e1-11e8-894c-2fbf9d5d71e8.html

February 14, 2018

California Stories

EDITORIAL: Public pension nightmare is getting worse (Modesto Bee)
http://www.modbee.com/opinion/editorials/article199945369.html

California Cities’ Pension Bills May Rise With Calpers Move (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-13/california-cities-pension-strains-may-deepen-in-calpers-move

Senator John Moorlach introduces Senate Bill 1031 to protect pensions funds (OC Breeze)
http://www.oc-breeze.com/2018/02/13/117252_senator-john-moorlach-introduces-senate-bill-1031-protect-pensions-funds/

Op-ed: Newport Beach is making progress on pension, other debts but prudence is advised (LA Times)
http://www.latimes.com/socal/daily-pilot/opinion/tn-dpt-me-commentary-20180213-story.html

National Stories

Op-ed: Montana must face up to its pension problems (Bozeman Daily Chronicle)
https://www.bozemandailychronicle.com/opinions/guest_columnists/montana-must-face-up-to-its-pension-problems/article_9565ea47-674d-579a-9786-15ef24e8c202.html

Support eroding in House for 401(k)-style public pensions (Insider Louisville)
https://insiderlouisville.com/education-community/k-12/support-eroding-in-house-for-401k-style-public-pensions/

Will a long-awaited pension bill move new teachers into a ‘hybrid’ retirement plan? (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article199977974.html

Gov. Phil Murphy takes on immigration, marijuana and pension during first ‘Ask Governor Murphy’ show (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20180213/gov-phil-murphy-takes-on-immigration-marijuana-and-pension-during-first-ask-governor-murphy-show

February 13, 2018

California Stories

Pension fund hits milestone: It’s earning more money than it’s paying out (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article199757439.html

Editorial: The pension nightmare for California’s cities is getting scarier (Sacramento Bee)
http://www.sacbee.com/opinion/editorials/article199693069.html

CalPERS loses 4.6 pct in recent market maelstrom (Reuters)
https://www.reuters.com/article/california-calpers-stocks/calpers-loses-4-6-pct-in-recent-market-maelstrom-idUSL2N1Q21GP

Political Landscape: State Sen. Moorlach proposes cost-of-living limit on state pension systems (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pol-landscape-20180212-story.html

Editorial: Petaluma may face a tough sell on pension tax (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/7988640-181/pd-editorial-petaluma-may-face

La Verne City Council authorizes city administrators to move forward on measure to address pension obligation (SGV Tribune)
https://www.sgvtribune.com/2018/02/12/la-verne-city-council-authorizes-city-administrators-to-move-forward-on-measure-to-address-pension-obligation/

National Stories

Next Crisis in Finance May Be Public Pensions, $1.2 Trillion Asset Manager Says (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-12/next-crisis-in-finance-may-be-public-pensions-pgim-s-hunt-says

Public pensions may be next crisis, PGIM’s Hunt says (Benefits Pro)
http://www.benefitspro.com/2018/02/12/public-pensions-may-be-next-crisis-pgims-hunt-says

Business leaders tell lawmakers to dump teachers’ defined-benefits pensions (Insider Louisville)
https://insiderlouisville.com/metro/business-leaders-tell-lawmakers-to-dump-teachers-defined-benefits-pensions/

Days after controversial email, support eroding in House for 401(k)-style public pensions (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article199772204.html

Business leaders: Dump teachers’ defined-benefits pensions (Lexington Herald Leader)
http://www.the-messenger.com/news/local/article_6d2bf82a-4065-5189-8196-19cee7925d23.html

Arizonans may pay higher court fees with new bill to fund pensions for judges, politicians (Arizona Central)
https://www.azcentral.com/story/news/local/arizona-investigations/2018/02/12/arizonans-could-pay-higher-court-fees-fund-judges-politicians-pensions/324653002/

Financially distressed no more: The city of Pittsburgh finally exits Act 47, free from state oversight (AP)
http://www.wtae.com/article/financially-distressed-no-more-pittsburgh-exits-act-47/17045385

February 12, 2018

California Stories

California pensions facing hit as charter schools consider leaving (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article199324794.html

Dan Walters: Cities should fess up about taxes and pensions. Sacramento, that means you (CalMatters)
http://www.sacbee.com/opinion/california-forum/article198975699.html

When do CalPERS rates become ‘unsustainable’? (Calpensions)
https://calpensions.com/2018/02/12/when-do-calpers-rates-become-unsustainable/

Report: Pension costs for cities approaching unsustainable level (Vacaville Reporter)
http://www.thereporter.com/general-news/20180209/report-pension-costs-for-cities-approaching-unsustainable-level

National Stories

Kentucky business leaders tell lawmakers to dump teachers’ defined-benefits pensions (Kentucky Herald Leader)
http://www.kentucky.com/news/politics-government/article199570769.html

Civic Federation warns ‘significant problems remain’ in budget recommendations (Chicago Sun-Times)
https://chicago.suntimes.com/chicago-politics/civic-federation-warns-significant-problems-remain-in-budget-recommendations/

Editorial: In Illinois governor race, Democrats obsess over raising taxes (Daily Herald)
http://www.dailyherald.com/discuss/20180210/editorial-in-governor-race-democrats-obsess-over-raising-taxes

CAN ESG HELP MAKE NJ’S PENSION-FUND INVESTMENTS MORE ETHICAL? (NJ Spotlight)
http://www.njspotlight.com/stories/18/02/11/can-esg-help-make-nj-s-pension-fund-investments-more-ethical/

Labor Chiefs Make Their Pitch To CEOs Studying Connecticut’s Competitiveness (Hartford Courant)
http://www.courant.com/business/hc-biz-competitiveness-panel-20180209-story.html

 

February 9, 2018

California Stories

Borenstein: Ain’t seen nothing yet; California pension cost rise just starting (San Jose Mercury News)
https://www.mercurynews.com/2018/02/08/borenstein-aint-seen-nothing-yet-pension-cost-rise-just-starting/

California: What Does the Market Plunge Mean to Your Pensions? (City Watch)
http://www.citywatchla.com/index.php/los-angeles-for-rss/14848-california-what-does-the-market-plunge-mean-to-your-pensions

Marin Voice: Too many unanswered questions about Kentfield tax (Marin Independent Journal)
http://www.marinij.com/opinion/20180208/marin-voice-too-many-unanswered-questions-about-kentfield-tax

National Stories

Is Your Pension Fund Plundering Puerto Rico? (Alternet)
https://www.alternet.org/news-amp-politics/your-pension-fund-plundering-puerto-rico

WV Senate bills could subtract money from teachers’ unions, their leaders (Charleston Gazette Mail)
https://www.wvgazettemail.com/news/education/wv-senate-bills-could-subtract-money-from-teachers-unions-their/article_9f2f3335-93ff-5e42-85c9-b0f287a68af6.html

Ashland commission orders hiring freeze as pension concerns grow (The Daily Independent)
http://www.dailyindependent.com/news/ashland-commission-orders-hiring-freeze-as-pension-concerns-grow/article_d8d6570c-0d1e-11e8-a83a-6bfde82c5e02.html

Korn Ferry Tapped to Find Executive Director for MOSERS (Missouri)
https://huntscanlon.com/korn-ferry-tapped-find-executive-director-mosers/

Don’t miss PERS subplot in firing of NLV city manager Qiong Liu (Las Vegas Review Journal)
https://www.reviewjournal.com/opinion/opinion-columns/victor-joecks/dont-miss-pers-subplot-in-firing-of-nlv-city-manager-qiong-liu/

February 8, 2018

California Stories

Dan Walters: Surging pension costs push more California cities toward bankruptcy (Napa Valley Register)
http://napavalleyregister.com/news/opinion/columnists/dan-walters/dan-walters-surging-pension-costs-push-more-california-cities-toward/article_38e96f2c-5e73-50bd-867e-0a6bfb68560a.html

Council demands investigation of generous pension program that doubled pay of workers who went on leave (LA Times)
http://www.latimes.com/local/lanow/la-drop-city-council-20180207-story.html

California’s OPEB Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/02/californias-opeb-crisis/

California Governor Candidates Dodge Pension Cuts That Brown Foresees (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-07/california-governor-candidates-dodge-pension-cuts-brown-foresees

CalPERS pounds the table in response to reports showing a looming state pension crisis (R Street)
http://www.rstreet.org/op-ed/calpers-pounds-the-table-in-response-to-reports-showing-a-looming-state-pension-crisis/

Petaluma exploring public safety sales tax hike (Petaluma Argus Courier)
http://www.petaluma360.com/news/7949772-181/petaluma-exploring-public-safety-sales

National Stories

Officials project longterm savings in city pension agreement (The Bulletin (Conn.)
http://www.norwichbulletin.com/news/20180207/officials-project-longterm-savings-in-city-pension-agreement

 

February 7, 2018

California Stories

Editorial, Feb. 7, 2018: Train wreck looming with CalPERS pension shortfall (Santa Cruz Sentinel)
http://www.santacruzsentinel.com/opinion/20180206/editorial-feb-7-2018-train-wreck-looming-with-calpers-pension-shortfall

Why California’s pensions could bankrupt cities, like LA (KCRW)
http://www.kcrw.com/news-culture/shows/la-observed/why-californias-pensions-could-bankrupt-cities-like-la

State and local pension crisis (KUSI)
http://www.kusi.com/state-and-local-pension-crisis/

National Stories

Public Pension Doomsday Clock Stops as Funds Gain 15 Percent (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-06/public-pension-doomsday-clock-stalled-as-funds-gain-15-2-percent

Still no pension bill in Ky. (The Daily Independent)
http://www.dailyindependent.com/news/still-no-pension-bill-in-ky/article_1ec24bca-0b87-11e8-894c-5742e9b7cf03.html

Damschroder column: Politicians need to protect the lunch ladies’ pensions (The News Messenger (Ohio)
http://www.thenews-messenger.com/story/opinion/2018/02/06/damschroder-column-politicians-need-protect-lunch-ladies-pensions/311190002/

February 6, 2018

California Stories

It’s Not Enough to Get Paid for Not Working: These L.A. Police and Firefighters Figured Out How to Double It (Reason)
http://reason.com/blog/2018/02/05/its-not-enough-to-get-paid-for-not-worki

National Stories

Police and firefighter push to control their pensions back in play with Christie gone (NJ.com)
http://www.nj.com/politics/index.ssf/2018/02/a_second_chance_for_police_firefighter_pension_spi.html

POLICE, FIREFIGHTERS ADVANCE TOWARD MORE CONTROL OVER OWN RETIREMENT FUNDS (NJ Spotlight)
http://www.njspotlight.com/stories/18/02/05/police-firefighters-advance-toward-more-control-over-own-retirement-funds/

EDITORIAL PERS gains aren’t enough (Eugene Register Guard)
http://registerguard.com/rg/opinion/36414217-78/pers-gains-arent-enough.html.csp

If The Future Of Social Security Is Same As That Of Cranston RI Govt Pensions, It Won’t Be Pretty (Value Walk)
http://www.valuewalk.com/2018/02/future-social-security-cranston-ri-govt-pensions-wont-pretty/

Legislature needs to keep crooked politicians from getting pensions (Allentown Morning Call)
http://www.mcall.com/opinion/muschick/mc-opi-pa-pension-forfeiture-law-senator-mellow-muschick-20180201-story.html

LL Bean Starts Employee Buyouts, Ends Pension Plan (Maine Public Radio)
http://mainepublic.org/post/ll-bean-starts-employee-buyouts-ends-pension-plan

February 5, 2018

California Stories

Pension costs ‘unsustainable,’ California cities say (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article198062129.html

Commentary: Surging pension costs push more California cities toward bankruptcy (Cal Matters)
https://calmatters.org/articles/commentary-surging-pension-costs-push-california-cities-toward-bankruptcy/

Battling treacherous office chairs and aching backs, aging cops and firefighters miss years of work and collect twice the pay (LA Times)
http://www.latimes.com/local/california/la-me-drop-20180203-htmlstory.html

How a growing pension burden will press California city budgets (The Bond Buyer)
https://www.bondbuyer.com/news/how-a-growing-pension-burden-will-press-california-city-budgets

Pension Bills Are Soaring and San Diego School Districts Are Bracing for More (Voice of San Diego)
https://www.voiceofsandiego.org/topics/education/how-pension-bills-have-risen-for-the-regions-school-districts/

Santa Cruz County: Local governments face deficits as pension costs expected to double (Santa Cruz Sentinel)
http://www.santacruzsentinel.com/article/NE/20180203/NEWS/180209884

On the Left: Pension problems come home to roost (Fairfield Daily Republic)
https://www.dailyrepublic.com/opinion/local-opinion-columnists/on-the-left-pension-problems-come-home-to-roost/

Fairfield pension liability climbs by $25M (Fairfield Daily Republic)
https://www.dailyrepublic.com/solano-news/fairfield/fairfield-pension-liability-climbs-by-25m/

National Stories

Largest U.S. retirement funds set record at $10.3 trillion in assets (Pensions & Investments)
http://www.pionline.com/article/20180205/PRINT/180209922/largest-us-retirement-funds-set-record-at-103-trillion-in-assets

Assets of the 1,000 largest U.S. retirement plans hit $10 trillion (Markets Insider)
http://markets.businessinsider.com/news/stocks/Assets-of-the-1-000-largest-U-S-retirement-plans-hit-10-trillion-1014966443

Plan sponsors brace for a rough ride (Pensions & Investments)
http://www.pionline.com/article/20180202/ONLINE/180209927/plan-sponsors-brace-for-a-rough-ride

Op-ed: The pension divestment ripoff (NY Daily News)
http://www.nydailynews.com/opinion/pension-divestment-ripoff-article-1.3795889

February 2, 2018

California Stories

California cities say pension costs are high — and will get even higher in the next few years (LA Times)
https://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-cities-say-worker-pension-1517521378-htmlstory.html

Double Dipping Raises Question: Are Pensions for Retirement or Income Augmentation for Public Employees? (Santa Clara Weekly)
https://www.santaclaraweekly.com/2018/issue-5-2018/double-dipping-raises-question-are-pensions-for-retirement-or-income-augmentation-for-public-employees/

National Stories

Oregon public pension system exceeds return expectation for 2017 (Eugene Register Guard)
http://registerguard.com/rg/news/local/36402183-75/oregon-public-pension-system-exceeds-return-expectation-for-2017.html.csp

ALARM OVER NJ PENSION SYSTEM’S TIES TO FORECLOSURES IN PUERTO RICO (NJ Spotlight)
http://www.njspotlight.com/stories/18/02/01/members-of-state-investment-council-make-clear-they-would-not-be-comfortable-if-pension-fund-profited-from-the-hardships-of-puerto-ricans/

February 1, 2018

California Stories

OPINION Gov. Brown is right to focus on pension crisis (Long Beach Press Telegram)
https://www.presstelegram.com/2018/01/31/gov-brown-is-right-to-focus-on-pension-crisis/

California is collecting so much of your money it can’t save it all (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article197715684.html

The cost of healthcare for California government workers when they retire rises sharply to $91.5 billion (LA Times)
https://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-the-cost-of-health-care-for-california-1517442323-htmlstory.html

 

National Stories

PERS investment returns surged 15.3% in 2017, more than twice expectations (The Oregonian)
http://www.oregonlive.com/business/index.ssf/2018/02/pers_investments_see_153_retur.html

Commentary: Oil yields strong returns, but pensioners miss out
https://www.chron.com/business/energy/article/Commentary-Oil-yields-strong-returns-but-12542929.php

Column: Proposed $107 billion bond isn’t the cure for Illinois’ public pension crisis (Chicago Tribune)
http://www.chicagotribune.com/business/columnists/reed/ct-biz-illinois-pension-bond-blowout-robert-reed-0131-story.html

MURPHY TEAM’S BUDGET WISH LIST COULD GET COOL RECEPTION IN LEGISLATURE (NJ Spotlight)
http://www.njspotlight.com/stories/18/01/31/murphy-team-s-budget-wish-list-could-get-cool-reception-in-legislature/

Ohio School Employees Union Files Lawsuit Against Retirement System (WOSU)
http://radio.wosu.org/post/ohio-school-employees-union-files-lawsuit-against-retirement-system#stream/0

Lawmakers look to see if Univ. of Illinois professor’s pension fix adds up (The News-Gazette)
http://www.news-gazette.com/news/local/2018-01-31/lawmakers-look-see-if-ui-professors-pension-fix-adds.html

Ed Murray’s time as Seattle mayor boosted his pension past $100,000 a year for life (Seattle Times)
https://www.seattletimes.com/seattle-news/times-watchdog/ed-murrays-time-as-seattle-mayor-boosted-his-pension-past-100000-a-year-for-life/

January 31, 2018

California Stories

Riverside County pension costs to steadily escalate over next decade (Desert Sun)
https://www.desertsun.com/story/money/2018/01/30/riverside-county-pension-costs-steadily-escalate-over-next-decade/1081012001/

National Stories

Kentucky pension reform bill won’t come before lawmakers have chance to size up re-election bids (Courier Journal)
https://www.courier-journal.com/story/news/politics/2018/01/29/kentucky-pension-reform-elections/1064773001/

$107 Billion Borrowing Plan Could Save Illinois State Pensions (WTTW)
https://chicagotonight.wttw.com/2018/01/30/107-billion-borrowing-plan-could-save-state-pensions

Illinois’ Debt Crisis Foreshadows America’s Financial Future (FX Street)
https://www.fxstreet.com/analysis/illinois-debt-crisis-foreshadows-americas-financial-future-201801301543

Pa. public officials convicted of crimes will have a harder time getting pensions in Senate-passed bill (Penn Live)
http://www.pennlive.com/politics/index.ssf/2018/01/senate_passes_bill_to_forfeit.html

Senate OKs Bill to Expand State’s Pension Forfeiture Law (AP)
https://www.usnews.com/news/best-states/pennsylvania/articles/2018-01-30/senate-oks-bill-to-expand-states-pension-forfeiture-law

January 30, 2018

California Stories

Pension Costs to Climb Almost 75 Percent at Santa Monica City Hall, Think Tank Estimates (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/January-2018/01_29_2018_Pension_Costs_to_Climb_Almost_75_Percent_at_Santa_Monica_City_Hall_in_Coming_Years_Think_Tank_Estimates.html

Dumanis sought to protect her pension before announcing run for county Board of Supervisors (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/watchdog/sd-me-watchdog-pension-20180129-story.html

California joins U.S. Supreme Court case supporting public employee fees in collective bargaining (Legal News Line)
https://legalnewsline.com/stories/511324362-california-joins-u-s-supreme-court-case-supporting-public-employee-fees-in-collective-bargaining

National Stories

Yes, Pensions Are Collapsing, And Progressives Can’t Remain in Denial (In These Times)
http://inthesetimes.com/working/entry/20874/yes_pensions_are_collapsing_and_progressives_cant_remain_in_denial

Column: Proposed $107 billion bond isn’t the cure for Illinois’ public pension crisis (Chicago Tribune)
http://www.chicagotribune.com/business/columnists/ct-biz-illinois-pension-bond-blowout-robert-reed-0131-story.html

January 29, 2018

California Stories

Why $1.4 million payouts top annual pension list (Calpensions)
https://calpensions.com/2018/01/29/why-1-4-million-payouts-top-annual-pension-list/

California Budget in Decent Shape, but Jerry Brown Missed Vast Opportunities (Reason)
http://reason.com/archives/2018/01/26/california-budget-in-decent-shape-but-je

With pension costs skyrocketing, Modesto investigates ways to keep services running (Modesto Bee)
http://www.modbee.com/news/article196991364.html

Employee Pension Costs Poised to Soar in Santa Monica-Malibu Public School System (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/January-2018/01_26_2018_Employee_Pension_Costs_Poised_to_Soar_in_Santa_Monica-Malibu_Public_School_System.html

Technology Takes Center Stage at CalPERS (Chief Investment Officer)
https://www.ai-cio.com/news/technology-takes-center-stage-calpers/

 

National Stories

Connecticut Coalitions Collide on Pension Changes (Chief Investment Officer)
https://www.ai-cio.com/news/connecticut-coalitions-collide-pension-changes/

Harris touts broad résumé in gubernatorial bid (Journal Inquirer)
http://www.journalinquirer.com/public/harris-touts-broad-r-sum-in-gubernatorial-bid/article_0377e942-02ae-11e8-b91b-d39cc96f7416.html

Murphy: GOP bill would reinforce IPERS (Quad City Times)
http://qctimes.com/opinion/columnists/murphy-gop-bill-would-reinforce-ipers/article_fda41ad4-96be-538c-a73c-64b57a380753.html

Take responsibility and fund KPERS (Topeka Capital Journal)
http://www.cjonline.com/opinion/20180128/take-responsibility-and-fund-kpers

Report slams Mesa’s pensions liability as city says it’s coping (East Valley Tribune)
http://www.eastvalleytribune.com/news/report-slams-mesa-s-pensions-liability-as-city-says-it/article_ec4053f4-02fd-11e8-8248-aff0410fa284.html

 

January 26, 2018

California Stories

Solano County’s pension liability jumped $100M last fiscal year (Fairfield Daily Republic)
https://www.dailyrepublic.com/solano-news/solano-county/solano-countys-pension-liability-jumped-100m-last-fiscal-year/

San Francisco Approves Scaled-Back Divestment Plan (Chief Investment Officer)
https://www.ai-cio.com/news/san-francisco-approves-scaled-back-divestment-plan/

National Stories

NCPERS Study Reports Solid Year for Public Pensions (Chief Investment Officer)
https://www.ai-cio.com/news/ncpers-study-reports-solid-year-public-pensions/

Public Pensions Produced Solid Returns in 2017 (Plan Sponsor)
https://www.plansponsor.com/public-pensions-produced-solid-returns-2017/

No, We Shouldn’t Replace Pensions By Expanding Social Security (In These Times)
http://inthesetimes.com/working/entry/20862/no_we_shouldnt_replace_pensions_by_expanding_social_security

City to look closer at employee pay, benefits (St. Augustine Record)
http://www.staugustine.com/news/20180124/city-to-look-closer-at-employee-pay-benefits

January 25, 2018

California Stories

Child Care Nonprofit Allegedly Mismanaged Employee Pensions (San Jose Inside)
http://www.sanjoseinside.com/2018/01/24/child-care-nonprofit-accused-of-mismanaging-employee-pensions/

SF pension plan takes tentative steps on plan to sell fossil fuel stocks (SF Chronicle)
http://www.sfgate.com/bayarea/article/SF-pension-plan-takes-tentative-steps-on-plan-to-12523276.php

 

National Stories

Public Pensions Are Delivering on Promises to Retirees, Annual NCPERS Study Shows
https://www.businesswire.com/news/home/20180124005871/en/Public-Pensions-Delivering-Promises-Retirees-Annual-NCPERS

Editorial Yes, Change How State Benefits Are Set (Hartford Courant)
http://www.courant.com/opinion/editorials/hc-ed-connecticut-retirement-benefits-change-20180124-story.html

Commission Searches for Pension Solutions; 1,400 State Retirees Have Pensions Over $100K (Hartford Courant)
http://www.courant.com/politics/hc-pol-state-taxes-budget-deficit-20180124-story.html

Editorial: Lessons from a struggling neighbor (Providence Journal)
http://www.providencejournal.com/opinion/20180124/editorial-lessons-from-struggling-neighbor

Bowen: Legislators must move on pension reform bill (Messenger Inqurier (Kent.)
http://www.messenger-inquirer.com/news/local/bowen-legislators-must-move-on-pension-reform-bill/article_fe59f3b2-e9ba-5264-b66f-9060315c6999.html

 

January 24, 2018

California Stories

Glazer, Baker join for discussion on state pension debt (Pleasanton Weekly)
https://www.pleasantonweekly.com/news/2018/01/23/glazer-baker-join-for-discussion-on-state-pension-debt

Skelton: Democrats running for governor need to talk more about pensions, less about Trump (San Jose Mercury News)
https://www.mercurynews.com/2018/01/23/skelton-democrats-running-for-governor-need-to-talk-more-about-pensions-less-about-trump/

Irvine is ranked the Number 1 city in the nation for good fiscal health, report says (OC Register)
https://www.ocregister.com/2018/01/23/ca-city-finances-many-are-broke-and-not-telling-you-about-it/

Kentfield school officials deny parcel tax pays for pensions (Marin Independent Journal)
http://www.marinij.com/general-news/20180123/kentfield-school-officials-deny-parcel-tax-pays-for-pensions

Editorial: Brown’s budget legacy and the next California governor (Santa Cruz Sentinel)
http://www.santacruzsentinel.com/article/NE/20180123/LOCAL1/180129896

 

National Stories

Bill seeks additional restrictions on ‘double dipping’ by state retirees (Portland Press Herald (Maine)
https://www.pressherald.com/2018/01/23/bill-seeks-additional-restrictions-on-double-dipping-by-state-retirees/

State Legislature considers pension forfeiture in corruption cases (AP)
http://www.santafenewmexican.com/news/local_news/state-legislature-considers-pension-forfeiture-in-corruption-cases/article_22672f70-5de9-527d-b095-bff8530c5732.html

Town leaders: Further reform needed for pensions, school funding (Hartford Business)
http://www.hartfordbusiness.com/article/20180124/NEWS03/180129970

Municipalities: End Collective Bargaining For Pensions, Health Care (Hartford Courtant)
http://www.courant.com/business/hc-biz-economic-competitiveness-commission-20180123-story.html

January 23, 2018

California Stories

David Crane: California’s Own Shutdown (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/01/californias-own-shutdown/

OPINION Higher taxes aren’t the solution to California’s problems (Inland Empire Daily Bulletin)
https://www.dailybulletin.com/2018/01/22/higher-taxes-arent-the-solution-to-californias-problems/

CalPERS seeks legislation to fix pension error (Capitol Weekly)
http://capitolweekly.net/calpers-fix-pension-error/

Dan Walters: Should California Legislature Employees be Unionized?
http://www.citywatchla.com/index.php/los-angeles-for-rss/14740-should-california-legislature-employees-be-unionized

National Stories

National Study Hammers Illinois Budget Practices (Peoria Public Radio)
http://peoriapublicradio.org/post/national-study-hammers-illinois-budget-practices#stream/0

 

January 22, 2018

California Stories

CalPERS seeks legislation to avoid pension cuts (Calpensions)
https://calpensions.com/2018/01/22/calpers-seeks-legislation-to-avoid-pension-cuts/

OPINION Budget in good shape, but Gov. Brown missed vast opportunities (OC Register)
https://www.ocregister.com/2018/01/20/budget-in-good-shape-but-gov-brown-missed-vast-opportunities/

The Tax Watchers: New year presents old problems (Fairfield Daily Republic)
http://www.dailyrepublic.com/opinion/local-opinion-columnists/the-tax-watchers-new-year-persents-old-problems/

CALPERS SEES OPENING IN VC (Top 1000 Funds)
https://www.top1000funds.com/analysis/2018/01/22/calpers-sees-opening-in-vc/

National Stories

Strong returns for the Wisconsin Retirement System in 2017 (Madison.com)
http://chippewa.com/business/strong-returns-for-the-wisconsin-retirement-system-in/article_e61a866a-6f45-50b1-922d-24b95883356c.html

New session will bring new efforts at pension reform (The State Journal-Register (Ill.)
http://www.sj-r.com/news/20180121/new-session-will-bring-new-efforts-at-pension-reform

New session will bring new efforts at Illinois pension reform (Journal Star)
http://www.pjstar.com/news/20180121/new-session-will-bring-new-efforts-at-illinois-pension-reform

Editorial: A better rule for the double dip (Concord Monitor)
http://www.concordmonitor.com/Double-dipping-in-NH-14999891

OPINION Last year we bailed out the SC pension system. When do we reform it? (The State)
http://www.thestate.com/opinion/op-ed/article195522194.html

New York City is putting politics ahead of pensions for workers (The Hill)
http://thehill.com/opinion/finance/369652-new-york-city-is-putting-politics-ahead-of-pensions-for-workers