March 27, 2017

California Stories

Pension Crisis Too Big for Markets to Ignore (Bloomberg)
https://www.bloomberg.com/view/articles/2017-03-24/pension-crisis-too-big-for-markets-to-ignore

OPINION: Don’t let the perfect be the enemy of the good in retirement income offerings to UC workers (OC Register)
http://www.ocregister.com/articles/employees-747427-ago-year.html

National Stories

Why Pew Is Working To Strengthen Public Pension Systems (Huffington Post)
http://www.huffingtonpost.com/entry/why-pew-is-working-to-strengthen-public-pension-systems_us_58d4018ce4b062043ad4b0c1

Rauner vetoes bill to shore up Chicago municipal workers pensions (Chicago Sun Times)
http://chicago.suntimes.com/politics/rauner-vetoes-bill-to-bail-out-chicago-municipal-workers-pensions/

PERS: Lawmakers consider public pension reform bills (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2017/03/pers_public_pension_bills_revi.html

State workers, police and firefighter pensions lose in Senate GOP budget (The Olympian)
http://www.theolympian.com/news/politics-government/the-state-worker/article140719963.html

State pensions: An embarrassing mess that must be fixed (Sun Gazette (Penn.)
http://www.sungazette.com/opinion/editorials/2017/03/state-pensions-an-embarrassing-mess-that-must-be-fixed/

March 24, 2017

California Stories

Guest Commentary: Higher taxes, lower returns — time to bite the bullet (San Diego Union Tribune)
http://www.sandiegouniontribune.com/ramona-sentinel/opinion/sd-cm-ram-commentary-cassella-20170323-story.html

Calif. Judges Not Owed Millions in Back Pay, State Says (The Recorder)
http://www.therecorder.com/home/id=1202781976453/Calif-Judges-Arent-Owed-Millions-in-Back-Pay-State-Says?mcode=1202617072607&curindex=0&slreturn=20170223230028

Lodi Unified also plagued by rising pension costs (Lodi News-Sentinel)
http://www.lodinews.com/news/article_2fa03cd2-0b9b-11e7-be3b-43f087cc40c4.html

Aided by economy, tax, Ventura ready to boost services (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/ventura/2017/03/23/aided-economy-tax-ventura-ready-boost-services/99550180/

The business of government (Sonoma Valley Sun)
http://sonomasun.com/2017/03/23/the-business-of-government/

National Stories

Opponents of pension fund bill worry it could sock N.J. taxpayers (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/opponents_of_pension_fund_bill_warn_it_lacks_prote.html

Public-employee pensions scrutinized (The Huntsville (Tex.) Item)
http://www.itemonline.com/news/public-employee-pensions-scrutinized/article_5acf0f3f-8f4a-5a5f-8707-242540149902.html

March 22, 2017

California Stories

Report Raises Disagreement Over Pension Funding (Bond Buyer)
http://www.bondbuyer.com/news/markets-buy-side/report-raises-disagreement-over-pension-funding-1128202-1.html

Sacramento considers bonuses for police employees to discourage them from leaving (Sacramento Bee)
http://www.sacbee.com/news/local/crime/article139741783.html

Pension problems: Low funds worry experts (Kern Golden Empire)
http://www.kerngoldenempire.com/news/local-news/pension-problems-low-funds-worry-experts/677497131

Editorial: California should not punish companies building Trump’s wall (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-calpers-calstrs-investment-divestment-nope-20170321-story.html

California shouldn’t invest in companies that build President Trump’s border wall, lawmakers say (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-shouldn-t-invest-in-1490034477-htmlstory.html

California Threatens to Divest From Companies That Help Build Trump Wall (Bloomberg)
https://www.bloomberg.com/politics/trackers/2017-03-21/calif-threatens-to-divest-from-cos-that-help-build-trump-wall

National Stories

How to Protect Yourself from the Looming Pension Crisis (Value Walk)
http://www.valuewalk.com/2017/03/protect-looming-pension-crisis/

N.J. voters would raise taxes on the rich to fund public worker pensions, poll finds (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/poll_finds_nj_voters_would_raise_taxes_on_the_rich.html

Three Connecticut pension funds report returns above 13 percent (Westfair Communications)
http://westfaironline.com/86929/three-connecticut-pension-funds-report-returns-above-13-percent/

Houston pension bill moves ahead, despite flaws (Texas Watchdog)
http://watchdog.org/291481/houston-pension-turner/

More phony pension bills (Times-Tribune (Wash.)
http://thetimes-tribune.com/opinion/more-phony-pension-bills-1.2169901

March 20, 2017

California Stories

Their pensions were cut by CalPERS. Now these San Gabriel Valley retirees worry about losing their homes. (San Gabriel Valley Tribune)
http://www.sgvtribune.com/government-and-politics/20170320/their-pensions-were-cut-by-calpers-now-these-san-gabriel-valley-retirees-worry-about-losing-their-homes

Editorial: Pension relief must start now (Ventura County Star)
http://www.vcstar.com/story/opinion/editorials/2017/03/18/editorial-pension-relief-must-start-now/99278264/

UC paper argues full pension funding not needed (Calpensions)
https://calpensions.com/2017/03/20/uc-paper-argues-full-pension-funding-not-needed/

Op-ed: CalPERS disaster affects state taxpayers (Fairfield Daily Republic)
http://www.dailyrepublic.com/opinion/localopinioncolumnists/calpers-disaster-affects-state-taxpayers/

Dick Spotswood: Marin Municipal Water District needs to detail pension costs (Marin Indepndent Journal)
http://www.marinij.com/opinion/20170318/dick-spotswood-marin-municipal-water-district-needs-to-detail-pension-costs

Editorial: Costa Mesa must mind its pensions (OC Register)
http://www.ocregister.com/articles/city-746856-new-costa.html

Port Hueneme prepared for pensions (Ventura County Star)
http://www.vcstar.com/story/opinion/columnists/2017/03/18/port-hueneme-prepared-pensions/99332514/

National Stories

Public Pension Funding: A Matter of Perspective?
http://www.asppa-net.org/News/Article/ArticleID/7444

March 16, 2017

California Stories

CalPERS cuts LA Works pensions: Who’s at fault? (Calpensions)
https://calpensions.com/2017/03/16/calpers-cuts-la-works-pensions-whos-at-fault/

Faced with deep cuts to their pensions, these California retirees are asking CalPERS for help (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article138546503.html#storylink=cpy

Grudgingly, CalPERS cuts pensions for 200 workers of defunct LA agency (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article138684338.html

Why CalPERS is pouring millions into a Southern California water deal (Sacramento Bee)
http://www.sacbee.com/news/state/california/water-and-drought/article138540373.html

Calpers Slashes Pensions for Retirees of Defunct Agency (Bloomberg)
https://www.bloomberg.com/news/articles/2017-03-15/calpers-moves-to-slash-pensions-for-retirees-of-defunct-agency

CalPERS cuts pension benefits for East San Gabriel Valley Human Services (Institutional Investor)
http://www.institutionalinvestor.com/article/3669787/investors-pensions/calpers-cuts-pension-benefits-for-east-san-gabriel-valley-human-services.html#.WMofCBIrL6Y

CA Public Sector Pensions Higher Than Private Sector Salaries (The American Interest)
http://www.the-american-interest.com/2017/03/14/ca-public-sector-pensions-higher-than-private-sector-salaries/

National Stories

Pension fund may soon be turned over to police, firefighters (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/nj_senate_passes_bill_turning_pension_fund_over_to.html

COPS, FIREFIGHTERS COULD PULL PENSIONS FROM NJ PUBLIC-EMPLOYEE SYSTEM (NJ Spotlight)
http://www.njspotlight.com/stories/17/03/14/cops-firefighters-could-pull-pensions-from-nj-public-employee-system/

Wisconsin public employee pensions to rise at least 2 percent (Wisconsin State Journal)
http://host.madison.com/wsj/business/wisconsin-public-employee-pensions-to-rise-at-least-percent/article_24ccdbb7-f1a3-5b9a-a7b5-28628664fe04.html

Kansas lawmakers advance budget plan to avoid school cuts (AP)
http://www.hutchnews.com/news/local_state_news/lawmakers-advance-budget-plan-to-avoid-school-cuts/article_0d99210c-212a-56cc-ab24-784e7fb30697.html

Unions back bill to curb ‘double-dipping’ (Seacoast Online)
http://www.seacoastonline.com/news/20170315/unions-back-bill-to-curb-double-dipping

Public Pensions and the Assets That Could Sustain Them (Governing)
http://www.governing.com/gov-institute/voices/col-public-pensions-transferred-assets-dedicated-funding.html

March 15, 2017

California Stories

Op-ed: Don’t hurt workers with pension crisis scare (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article138263458.html

A Progressive Take on Public Pensions (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/03/progressive-take-public-pensions/

California’s Pension Crisis Has Arrived (The American Interest)
http://www.the-american-interest.com/2017/03/14/californias-pension-crisis-has-arrived/

My Word: Why are we crippling our kids with our retirement? (East Bay Times)
http://www.eastbaytimes.com/2017/03/14/my-word-why-are-we-crippling-our-kids-with-our-retirement/

Pensions Pinch City Pocketbook (Laguna Beach Independent)
https://www.lagunabeachindy.com/pensions-pinch-city-pocketbook/

State’s retired public workers earn 26% more than private-sector workers still on the job (OC Breeze)
http://www.oc-breeze.com/2017/03/13/97844_states-retired-public-workers-earn-26-private-sector-workers-still-job/

National Stories

$3.5 Trillion Taxpayer Liability Housed Inside A Cave – Let The Sun Shine On Federal Pensions (Forbes)
https://www.forbes.com/sites/adamandrzejewski/2017/03/14/3-5-trillion-taxpayer-liability-housed-inside-a-cave-let-the-sun-shine-on-federal-pensions/#44e3ad4e6a24

March 14, 2017

California Stories

Op-ed: Don’t hurt workers with pension crisis scare (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article138263458.html

Fresno County refinanced pension bonds to cut payments. It could cost them dearly (Fresno Bee)
http://www.fresnobee.com/news/local/article138211213.html#storylink=cpy

State’s retired public workers earn 26% more than private-sector workers still on the job (OC Breeze)
http://www.oc-breeze.com/2017/03/13/97844_states-retired-public-workers-earn-26-private-sector-workers-still-job/

Walnut Creek: City facing steep hike in pension costs (East Bay Times)
http://www.eastbaytimes.com/2017/03/13/walnut-creek-city-facing-steep-hike-in-pension-costs/

Pasadena’s Budget Dilemma: How We Got Here (Pasadena Now)
http://www.pasadenanow.com/main/pasadenas-budget-dilemma-how-we-got-here/#.WMeeGxIrL6Y

National Stories

How We Got Out of a 401(k) and Into a Real Pension (Truthout)
http://www.truth-out.org/opinion/item/39809-how-we-got-out-of-a-401-k-and-into-a-real-pension

March 10, 2017

California Stories

Chiang, others speak in support of Secure Choice retirement program (Pasadena Star News)
http://www.pasadenastarnews.com/business/20170308/chiang-others-speak-in-support-of-secure-choice-retirement-program

A Modest Proposal for California from a Public Servant (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/03/modest-proposal-california-public-servant/

Pension law tackles Ventura County weakness (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/pension-law-tackles-ventura-county-weakness/97911068/

Pension costs soar for Ventura County cities (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/pension-costs-soar-ventura-county-cities/98606436/

Four cities tackle growing pension costs (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/four-cities-tackle-growing-pension-costs/98696146/

Ex-CHP chief snared in son’s escape from rape trial seeks disability pension (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article137571088.html#storylink=cpy

National Stories

Chicago Gets Worst Pension Rating Among 15 Largest Cities (AP)
http://peoriapublicradio.org/post/chicago-gets-worst-pension-rating-among-15-largest-cities#stream/0

We need a public sector pension overhaul (column) (York (Penn.) Daily Record)
http://www.ydr.com/story/opinion/columnists/2017/03/09/we-need-public-sector-pension-overhaul-column/98967012/

March 9, 2017

California Stories

Editorial: Will the Senate sacrifice a savings plan for low-income workers on the altar of Wall Street? (LA Times)
http://www.latimes.com/opinion/editorials/la-ed-senate-repeal-california-secure-choice-20170307-story.html

Costa Mesa council OKs pay raises and lower pension contributions for city employees (OC Register)
http://www.ocregister.com/articles/city-745979-employees-percent.html

Approved Costa Mesa employee contract includes higher pay and lower pension contributions (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-cm-employee-contract-20170308-story.html

Palm Springs retiree healthcare costs exceed all the other desert cities combined (The Desert Sun)
http://www.desertsun.com/story/news/2017/03/08/palm-springs-retiree-healthcare-costs-exceed-all-other-desert-cities-combined/97244844/

San Diego County and its biggest union clash in contract talks (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-labor-neigotiations-20170308-story.html

National Stories

Pension funds to SCOTUS: Save our class action opt-out rights (Reuters)
http://www.reuters.com/article/us-otc-optout-idUSKBN16F2M2

DN editorial: Council has a pension-reform plan – if only we could see it (Philadelphia Inquirer)
http://www.philly.com/philly/opinion/20170308_DN_editorial__Council_has_a_pension-reform_plan_-_if_only_we_could_see_it.html

In Puerto Rico, Teachers’ Pension Fund Works Like a Ponzi Scheme (NY Times)
https://www.nytimes.com/2017/03/08/business/dealbook/puerto-rico-teacher-pensions.html

Mayor’s working group to study Providence pensions rarely meets (WPRI)http://wpri.com/2017/03/08/mayors-working-group-to-study-providence-pensions-rarely-meets/

March 8, 2017

California Stories

Editorial: Why California cities and counties should act scared by pension payments (Sacramento Bee)
http://www.sacbee.com/opinion/editorials/article137029033.html

CalPERS set to slash pensions for nearly 200 workers (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article137060213.html

Calpers Board to Vote on Slashing Pension Benefits by 63% (Bloomberg)
https://www.bloomberg.com/news/articles/2017-03-07/calpers-board-set-to-vote-on-slashing-pension-benefits-by-63

CalPERS board set to vote on slashing pension benefits of defunct public agency (Pensions & Investments)
http://www.pionline.com/article/20170307/ONLINE/170309864/calpers-board-set-to-vote-on-slashing-pension-benefits-of-defunct-public-agency

National Stories

Retire This Rule Congress should block states from taking over the private-worker pension business. (City Journal)
https://www.city-journal.org/html/retire-rule-15045.html

EDITORIAL: PERS’s political dimension (Eugene Register Guard)
http://registerguard.com/rg/opinion/35354371-78/perss-political-dimension.html.csp

March 7, 2017

California Stories

San Jose City Council signs measure to review pension funds following lackluster performance (Pensions & Investments)
http://www.pionline.com/article/20170306/ONLINE/170309886/san-jose-city-council-signs-measure-to-review-pension-funds-following-lackluster-performance

Too late to turn the tide on Santa Monica salaries (Santa Monica Daily Press)
http://smdp.com/too-late-to-turn-the-tide-on-santa-monica-salaries/159996

National Stories

Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate (Chief Investment Officer)

http://www.ai-cio.com/channel/NEWSMAKERS/Bill-to-Rescind-DOL-Rule-Extending-Pension-Coverage-Sparks-Fierce-Debate/

Let’s Give Workers a Retirement Savings Plan at Work (Real Clear Markets)
http://www.realclearmarkets.com/articles/2017/03/07/lets_give_workers_a_retirement_savings_plan_at_work_102576.html

House to take up bill to stop pension spikes by public employees (Bowling Green Daily News)
http://www.bgdailynews.com/news/house-to-take-up-bill-to-stop-pension-spikes-by/article_1b473dc7-d58e-5085-8192-5374e500c718.html

Schools’ Double Whammy: Declining Enrollment, Soaring Pension Expense (Michigan Capitol Confidential)
https://www.michigancapitolconfidential.com/schools-double-whammy-declining-enrollment-soaring-pension-expense

March 6, 2017

California Stories

OPINION: A secure retirement preserves the American dream (OC Register)
http://www.ocregister.com/articles/economic-745497-concern-retirement.html

State payroll retirement savings plan can take hit (Calpensions)
https://calpensions.com/2017/03/06/state-payroll-retirement-savings-plan-can-take-hit/

Marin school districts hit with higher pension contributions (Marin Independent Journal)
http://www.marinij.com/general-news/20170304/marin-school-districts-hit-with-higher-pension-contributions

Letter: Locals responsible for pension crises (Sacramento Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article136287753.html

Room with a view: CalPERS a sucking wound in city budget? Spend anyway! (OC Breeze)
http://www.oc-breeze.com/2017/03/04/97407_room-with-a-view-no-money-spend-anyway/

Stanislaus County’s pension reforms could be hindrance in recruiting the next CEO (Modesto Bee)
http://www.modbee.com/news/article136507928.html#storylink=cpy

Sharp spike in retirement costs behind Barstow Fire district’s financial issues (Victorville Daily Press)
http://www.vvdailypress.com/news/20170304/sharp-spike-in-retirement-costs-behind-barstow-fire-districts-financial-issues

National Stories

COMMENTARY: Stop the rising burden of Texas’ debt and public pensions (The Monitor)
http://www.themonitor.com/opinion/columnists/article_cb2eb13a-0068-11e7-9b21-b7f364d65ff8.html

Appeals court: Cities can cut vacation time buybacks, other programs, to end pension spiking (Cook County Record)
http://cookcountyrecord.com/stories/511086972-appeals-court-cities-can-cut-vacation-time-buybacks-other-programs-to-end-pension-spiking

UNFUNDED LIABILITY OF PUBLIC-EMPLOYEE PENSION SYSTEM CLOSES IN ON $50 BILLION (NJ Spotlight)
http://www.njspotlight.com/stories/17/03/05/unfunded-liability-of-public-employee-pension-system-closes-in-on-50-billion/

Silver bullet for the S.C. pension fund (The Post and Courier)
http://www.postandcourier.com/opinion/editorials/silver-bullet-for-the-s-c-pension-fund/article_02a8baa8-ff78-11e6-be21-03ab50092a74.html

Guest View: Why now is the time for pension reform (Lincoln Journal Star)
http://journalstar.com/news/opinion/editorial/columnists/guest-view-why-now-is-the-time-for-pension-reform/article_bd8faeb2-82bc-5766-a4c2-6fb23de5d21f.html

COMMENTARY: Nevada teachers the victims of lawmaker inaction on the Public Employee Retirement System (Las Vegas Review Journal)
http://www.reviewjournal.com/opinion/commentary-nevada-teachers-the-victims-lawmaker-inaction-the-public-employee-retirement

Memmott: S.C. state pension plan is mismanaged (Go Upstate)
http://www.goupstate.com/opinion/20170305/memmott-state-pension-plan-is-mismanaged

David Sarasohn: Seeking a ‘PERS fix’ in a bad budget year (The Oregonian)
http://www.oregonlive.com/opinion/index.ssf/2017/03/david_sarasohn_seeking_a_pers.html

Erik Lukens column: Despite PERS crisis, employees demand more (Bend Bulletin)
http://www.bendbulletin.com/opinion/5115239-151/erik-lukens-column-despite-pers-crisis-some-employees

March 1, 2017

California Stories

Californians Hit as Bad Debts Lead to Government Pension Cuts (Bloomberg)
https://www.bloomberg.com/news/articles/2017-03-01/californians-hit-as-bad-debts-lead-to-government-pension-cuts

California School Administrators Still Pension Spiking, Despite Pension Reforms (CBS SF)
http://sanfrancisco.cbslocal.com/2017/02/28/pension-spiking-administrators-hurt-cash-strapped-california-schools/

San Luis Obispo faces budget shortfall from rising pension costs, lower tax revenue (SLO Tribune)
http://www.sanluisobispo.com/news/local/article135632043.html#storylink=cpy

National Stories

Soaring pension costs still crippling Phoenix budget (Arizona Republic)
http://www.azcentral.com/story/news/local/phoenix/2017/02/28/pension-costs-still-crippling-phoenix-budget/98179552/

Pension twist costs Milwaukee County millions (Milwaukee Journal Sentinel)
http://www.jsonline.com/story/news/local/milwaukee/2017/02/28/pension-twist-costs-county-millions/98536580/

February 28, 2017

California Stories

Will San Jose’s pension costs consume revenue from new taxes? (San Jose Mercury News)
http://www.mercurynews.com/2017/02/20/will-san-joses-pension-costs-consume-revenue-from-new-taxes/

Pension cloud hangs over Fairfield, Measure P panel chairwoman says (Fairfield Daily Republic)
http://www.dailyrepublic.com/news/fairfield/pension-cloud-hangs-over-fairfield-measure-p-panel-chairwoman-says/

Modesto considers freeze on hiring, promoting as pension costs loom (Modesto Bee)
http://www.modbee.com/news/article135355109.html

National Stories

When 6.9% Isn’t Enough (Chief Investment Officer)
http://www.ai-cio.com/channels/story.aspx?id=2147497057

Illinois Issues: The Pension Chasm (Northern Public Radio)
http://northernpublicradio.org/post/illinois-issues-pension-chasm

N.J.’s top pensions adviser: 5 ways to cut property taxes | Opinion (NJ.com)
http://www.nj.com/opinion/index.ssf/2017/02/njs_top_pensions_adviser_5_ways_to_cut_property_ta.html

February 27, 2017

California Stories

Op-ed: California’s Secure Choice program is neither secure nor a choice (OC Register)
http://www.ocregister.com/articles/program-744960-private-choice.html

Dan Walters: Cities, counties and schools feel sharply increasing pension costs (Sacramento Bee)
http://www.sacbee.com/news/politics-government/politics-columns-blogs/dan-walters/article134832779.html

CalPERS investment priority shifts to avoiding loss (Calpensions)
https://calpensions.com/2017/02/27/calpers-investment-priority-shifts-to-avoiding-loss/

Santa Monica Staggering Public Pension Liability Only Ranks 12th in the State (Santa Monica Observer)
http://www.smobserved.com/story/2017/02/24/news/santa-monica-staggering-public-pension-liability-only-ranks-12th-in-the-state/2651.html

Grau, Hinton: Ventura pensions will eat up tax dollars (Ventura County Star)
http://www.vcstar.com/story/opinion/columnists/2017/02/25/grau-hinton-ventura-pensions-eat-up-tax-dollars/98380200/

Lodi city manager, League of California Cities representatives tackle CalPERS problems (Lodi News-Sentinel)
http://www.lodinews.com/news/article_55a4ec2e-fb25-11e6-b80b-7b1f86c0cb02.html

Public pension funds face pressure from activists (Fairfield Daily Republic)
http://www.dailyrepublic.com/news/business-local/local-business-columnists/public-pension-funds-face-pressure-from-activists/

National Stories

Public pensions are in better shape than you think (The Week)
http://theweek.com/articles/682082/public-pensions-are-better-shape-than-think

Arnold Foundation Funds Flawed Analysis of Teacher Pensions Says NCPERS
http://www.satprnews.com/2017/02/24/arnold-foundation-funds-flawed-analysis-of-teacher-pensions-says-ncpers/

In Puerto Rico, pensions’ decline pits retirees against lenders (Reuters)
http://www.reuters.com/article/us-puertorico-debt-pensions-analysis-idUSKBN1650GZ

February 24, 2017

California Stories

Congress threatens California’s groundbreaking retirement program (Salon)
http://www.salon.com/2017/02/24/congress-threatens-californias-groundbreaking-retirement-program_partner/

Op-ed: CalPERS needs to provide public agencies increased flexibility to deal with pension debt (Sacramento Bee)
http://www.sacbee.com/opinion/california-forum/article134682594.html#storylink=cpy

Republicans are fighting to reduce union influence over California’s biggest public employee pension fund (LA Times)
http://www.latimes.com/politics/la-pol-sac-calpers-directors-legislation-20170223-story.html

CalPERS Joins Investors Calling on Banks to Address Concerns About Dakota Access Pipeline (San Diego Free Press)
http://sandiegofreepress.org/2017/02/calpers-joins-investors-calling-on-banks-to-address-concerns-about-dakota-access-pipeline/

Los Gatos tackles $54M in unfunded pension liabilities (Mercury News)
http://www.mercurynews.com/2017/02/23/los-gatos-tackles-54m-in-unfunded-pension-liabilities/

City’s CalPERS Liability Rises, But San Marino Is ‘Still Ahead of the Game’ (San Marino Tribune)
http://sanmarinotribune.com/citys-calpers-liability-rises-but-san-marino-is-still-ahead-of-the-game/

Urging CalPERS to Divest from the Dakota Access Pipeline (San Francisco Bay Times)
http://sfbaytimes.com/urging-calpers-to-divest-from-the-dakota-access-pipeline/

National Stories

The conservative roots of state-sponsored retirement plans (Benefits Pro)
http://www.benefitspro.com/2017/02/23/the-conservative-roots-of-state-sponsored-retireme?kw=The%20conservative%20roots%20of%20state-sponsored%20retirement%20plans&et=editorial&bu=BenefitsPRO&cn=20170223&src=EMC-Email_editorial&pt=Retirement%20Advisor%20PRO

Pension Funds Hope to Close the Gap Through Trump Tax Policies (Wall Street Journal)
https://www.wsj.com/articles/pension-funds-hope-to-close-the-gap-through-trump-tax-policies-1487878613

State, Investors Team Up to Force Exxon to Report Climate Change Risk (New York Law Journal)
http://www.newyorklawjournal.com/home/id=1202779792022/State-Investors-Team-Up-to-Force-Exxon-to-Report-Climate-Change-Risk?mcode=1202617075062&curindex=0&slreturn=20170124084850

Investor coalition files climate-change mitigation resolution at Exxon Mobil (Pensions & Investments)
http://www.pionline.com/article/20170223/ONLINE/170229913/investor-coalition-files-climate-change-mitigation-resolution-at-exxon-mobil

The Week in Public Finance: Pensions Protest Bathroom Bills, a Billion-Dollar Showdown in Kansas and More (Governing)

http://www.governing.com/week-in-finance/gov-finance-roundup-pensions-protest-bathroom-bills.html

Bill that would divide Kentucky’s ailing pension agency goes to Senate (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article134484334.html#storylink=cpy

February 23, 2017

California Stories

de Leon: Congress should stay out of states’ retiree plans (Detroit Free Press)
http://www.freep.com/story/opinion/contributors/2017/02/20/congress-should-stay-out-states-retiree-plans/98009688/

Santa Monica City’s Pension Debt Ranked Among Highest in California (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/February-2017/02_22_2017_Santa_Monica_Citys_Pension_Debt_Ranked_Among_Highest_in_California.html

Oakland City Council Urges Dakota Access Pipeline Divestment (CBS Bay Area)
http://sanfrancisco.cbslocal.com/2017/02/22/oakland-city-council-urges-dakota-access-pipeline-divestment/

Meddlers: Pension liabilities on the rise (Auburn Journal)
http://www.auburnjournal.com/article/2/22/17/meddlers-pension-liabilities-rise

National Stories

Republicans Want Retirement Plans That Keep Wall Street Rich (Huffington Post)
http://www.huffingtonpost.com/entry/republicans-want-retirement-plans-that-keep-wall-street-rich_us_58ac5219e4b0a855d1d9d7e9

Will your pension be there when you need it? (Washington Post)
https://www.washingtonpost.com/news/get-there/wp/2017/02/20/will-your-pension-be-there-when-you-need-it/?utm_term=.0bb6870d0310

George Will: America’s utterly predictable tsunami of pension problems (Washington Post)
https://www.washingtonpost.com/opinions/americas-utterly-predictable-tsunami-of-pension-problems/2017/02/22/1e5de00e-f869-11e6-9845-576c69081518_story.html?utm_term=.d6f18f93e49a

How Illinois lawmakers have gamed their pensions (Crain’s Chicago Business)
http://www.chicagobusiness.com/article/20170222/NEWS02/170229953/how-illinois-lawmakers-have-gamed-their-pensions

Penn. PSERS director says lawmakers should pay more money into pensions (WITF)
http://www.witf.org/state-house-sound-bites/2017/02/psers-director-says-lawmakers-should-pay-more-money-into-pensions.php

If You’re Lucky Enough to Receive a Pension, Here Are 6 Things You Need to Do (Wise Bread)
http://www.wisebread.com/if-youre-lucky-enough-to-receive-a-pension-here-are-6-things-you-need-to-do

Are City Employee Pensions at Risk? (Austin Chronicle)
http://www.austinchronicle.com/news/2017-02-24/are-city-employee-pensions-at-risk/

OPINION: THE COMING FEDERALIZATION OF NJ PENSION AND BENEFITS CRISIS (NJ Spotlight)
http://www.njspotlight.com/stories/17/02/22/opinion-the-coming-federalization-of-nj-pension-and-benefits-crisis/

Maryland should look to local government for pension solutions (Baltimore Post Examiner)
http://baltimorepostexaminer.com/maryland-look-local-government-pension-solutions/2017/02/22#sthash.p6mxrTgx.dpuf

Guest column: City’s move to 401(k) pensions is big mistake as Palm Beach showed (Florida Times-Union)

http://jacksonville.com/opinion/columnists/2017-02-22/guest-column-city-s-move-401k-pensions-big-mistake-palm-beach-showed

Connecticut Public Employees Oppose Pension Bill (Public News Service)
http://www.publicnewsservice.org/2017-02-22/livable-wages-working-families/connecticut-public-employees-oppose-pension-bill/a56537-1