Fighting Back on Retirement Benefits

Fighting Back on Retirement Benefits

March 14, 2019

California Stories

 

CalPERS seeks to refresh its pool of investment consultants (PE Hub)
https://www.pehub.com/familyoffices/calpers-seeks-to-refresh-its-pool-of-investment-consultants/#

National Stories

DO NOT SHROUD PUBLIC PENSIONS IN SECRECY (Mesquite Daily Press (Nev.)
https://mesquitelocalnews.com/2019/03/14/do-not-shroud-public-pensions-in-secrecy/

Candidates talk budget efficiency, public safety pension fee (Danville Commercial NEws (Ill.)
https://www.commercial-news.com/news/local_news/candidates-talk-budget-efficiency-public-safety-pension-fee/article_bef69c32-a801-5384-bc12-3b1aa8ad808f.html

Pa. House committee advances expanded public employee pension forfeiture bill (Pennsylvania Capital-Star)
https://www.penncapital-star.com/blog/pa-house-committee-advances-expanded-public-employee-pension-forfeiture-bill/

Op-ed: KY120: “Lines in the Sand” (Forward Kentucky)
https://forwardky.com/ky120-lines-in-the-sand/

March 12, 2019

California Stories

New pension-cut rulings begin with little change (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/03/new-pension-cut-rulings-begin-with-little-change/

Appeals court debates possible resolutions to San Diego pension case (San Diego Union Tribune)
https://www.sandiegouniontribune.com/news/politics/sd-me-pension-appeals-court-20190311-story.html

Courts tackle San Diego pension reform initiative (10 News San Diego)
https://www.10news.com/news/local-news/courts-tackle-san-diego-pension-reform-initiative

Rating agencies weigh in on California pension ruling (Bond Buyer)
https://www.bondbuyer.com/news/rating-agencies-weigh-in-on-california-pension-ruling

Personal data for 1,000 pensioners accessed from OC Sanitation District (OC Register)
https://www.ocregister.com/2019/03/11/personal-data-for-1000-pensioners-accessed-from-oc-sanitation-district/

 

National Stories

Civic Federation outlines financial challenges confronting next mayor (Chicago Sun-Times)
https://chicago.suntimes.com/news/civic-federation-report-chicago-financial-challenges-mayor-election-2019/

Chicago Mayor’s Race: Pensions (CBS Chicago)
https://chicago.cbslocal.com/2019/03/11/chicago-mayors-race-pensions/

Letter: A graduated income tax should be tied to pension reform (Chicago Sun-Times)
https://chicago.suntimes.com/opinion/illinois-graduated-income-tax-pension-reform-state-constitution/

Op-ed: Dangerous bill would hide names of government pension recipients (Reno Gazette-Journal)
https://www.rgj.com/story/opinion/voices/2019/03/11/dangerous-bill-would-hide-names-government-pension-recipients-karpel/3135700002/

House-approved pension bill stabilizes costs for WKU (College Heights Herald)
https://wkuherald.com/news/house-approved-pension-bill-stabilizes-costs-for-wku/article_f8069118-4450-11e9-a5db-e3d5b5a09639.html

March 11, 2019

California Stories

Jon Coupal: What the pension ruling means for California’s taxpayers (OC Register)
https://www.ocregister.com/2019/03/10/what-the-pension-ruling-means-for-californias-taxpayers/

Marin Voice: Pension reformers pleased with state court’s pension ruling (Marin Independent Journal)
https://www.marinij.com/2019/03/08/marin-voice-pension-reformers-pleased-with-state-courts-pension-ruling/

Joel Fox: LAUSD’s rushed parcel tax threatens local businesses (LA Daily News)
https://www.dailynews.com/2019/03/08/lausds-rushed-parcel-tax-threatens-local-businesses/

California and other state pensions fought guns and tobacco. Why aren’t they divesting from opioids? (Bloomberg)
https://www.mercurynews.com/2019/03/08/state-pensions-fought-guns-and-tobacco-why-arent-they-divesting-from-opioids/

National Stories

Shortfalls in Funding State Government Employee Pensions (Independent Institute)
http://blog.independent.org/2019/03/09/shortfalls-in-funding-state-government-employee-pensions/

Sweeney: More health care savings possible than in Murphy’s budget (Burlington County Times)
https://www.burlingtoncountytimes.com/news/20190310/sweeney-more-health-care-savings-possible-than-in-murphys-budget

Pension payments to hold steady for most retired public employees in the WRS, state officials say (Wisconsin State Journal)
https://madison.com/wsj/business/pension-payments-to-hold-steady-for-most-retired-public-employees/article_a434c025-ca51-5d29-8659-e288231f32fc.html

Opinion Spotlight: Revolt of the taxpayers? (Peoria Journal-Star)
https://www.pjstar.com/opinion/20190308/spotlight-revolt-of-tax-payers

COMMENTARY: Blame government unions, not illegals, for financial woes (Las Vegas Review-Journal)
https://www.reviewjournal.com/opinion/commentary-blame-government-unions-not-illegals-for-financial-woes-1614718/

March 8, 2019

California Stories

2 California workers banked $400,000 for unused vacation (AP)
https://www.sacbee.com/news/business/article227235604.html

Tax critics calling for pension reform after retired state worker gets $400,000 for unused vacation (ABC 7)
https://abc7news.com/finance/retired-state-worker-gets-$400k-for-unused-vacation-tax-critics-calling-for-reform/5175506/

Caltrans retiree’s $405K windfall: Report details how state workers pad pensions (San Jose Mercury News)
https://www.mercurynews.com/2019/03/07/caltrans-retirees-405k-windfall-report-details-how-state-workers-pad-pensions/

Senator John M. W. Moorlach reacts to California Supreme Court pension decision (OC Breeze)
http://www.oc-breeze.com/2019/03/07/135832_senator-john-m-w-moorlach-reacts-to-california-supreme-court-pension-decision/

State union contracts are expiring. Gavin Newsom is picking a new bargaining team (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article227271599.html

Dublin Teachers’ Contract Dispute In Mediation (Patch)
https://patch.com/california/dublin/dublin-teachers-contract-dispute-mediation

National Stories

Union watchdogs don’t bark on pension funding (Crain’s Chicago Business)
https://www.chicagobusiness.com/joe-cahill-business/union-watchdogs-dont-bark-pension-funding

Opinion | Why does ‘fixing’ Michigan pensions stick it to workers? (Bridge)
https://www.bridgemi.com/guest-commentary/opinion-why-does-fixing-michigan-pensions-stick-it-workers

Update: Wyoming Retirement System Director Retiring (Chief Investment Officer)
https://www.ai-cio.com/news/update-wyoming-retirement-system-director-retiring/

March 7, 2019

California Stories

Editorial: California’s Supreme Court takes cautious steps on public employee pensions (LA Times)
https://www.postbulletin.com/opinion/other_views/editorial-california-s-supreme-court-takes-cautious-steps-on-public/article_879233b7-fb65-5539-bcea-cc51fbf62fde.html

OPINION Wanna get rich? Be a cop in California (Washington Post)
https://www.vcstar.com/story/opinion/columnists/2019/03/06/wanna-get-rich-cop-california/3073191002/

California Public Pension Reformers Win A Battle, Not The War (Forbes)

https://www.forbes.com/sites/ebauer/2019/03/06/california-public-pension-reformers-win-a-battle-not-the-war/#23738eb16a6b

Rising Tide of Pension Costs Threatens Government Services: is “Underwater” Unavoidable? (Climate Online Redwood City)
https://climaterwc.com/2019/03/06/rising-tide-of-pension-costs-threatens-government-services-is-underwater-unavoidable/

California state workers hoarding vacation days, creating $3.5-billion debt for taxpayers (LA Times)

https://www.latimes.com/politics/la-pol-ca-california-government-worker-vacation-payouts-20190307-story.html

March 6, 2019

WATCH: What this labor leader says about court decision allowing cuts to state worker retirement perks (Sacramento Bee)
https://www.sacbee.com/article227109569.html

California Stories

Editorial: California’s high court upholds a pension reform but sidesteps a bigger challenge (SF Chronicle)
https://www.sfchronicle.com/opinion/editorials/article/Editorial-California-s-high-court-upholds-a-13665648.php

Dan Walters: State Supreme Court Ducks Key Pension Issue (CalMatters)
https://gvwire.com/2019/03/06/walters-state-supreme-court-ducks-key-pension-issue/

Borenstein: Supreme Court punts on pension rule; Newsom ducks (San Jose Mercury News)
https://www.mercurynews.com/2019/03/05/borenstein-supreme-court-punts-on-pension-rule-newsom-ducks-issue/

Dick Spotswood: We will be paying unfunded pension liabilities for many years (Marin Independent Journal)
https://www.marinij.com/2019/03/05/dick-spotswood-we-will-be-paying-unfunded-pension-liabilities-for-many-years/

Legislature Validly Halted Sales of Public Employee Service Credits (Metropolitan News-Enterprise)
http://www.metnews.com/articles/2019/pepra030519.htm

National Stories

N.J. governor pushes for higher contribution to state pension fund (Pensions & Investments)
https://www.pionline.com/article/20190305/ONLINE/190309920/nj-governor-pushes-for-higher-contribution-to-state-pension-fund

Paradise Valley continues to explore alternative measures to cover PSPRS obligations (Paradise Valley Independent)
https://paradisevalleyindependent.com/news/paradise-valley-continues-to-explore-alternative-measures-to-cover-psprs-obligations/

March 5, 2019

California Stories

What does the California Supreme Court pension ruling mean for you? (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article227110584.html

California Supreme Court curbs a pension benefit but preserves ‘California Rule’ (LA Times)
https://www.latimes.com/local/lanow/la-me-ln-pension-court-20190304-story.html

California public employees’ pension perks can be taken away, court rules (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article226992009.html

Everyone is saying they just won a big court case on pensions. What does that mean for you? (CalMatters)
https://calmatters.org/articles/california-pension-public-employees-jerry-brown-airtime/

Joel Fox: An Initiative is the Way to Bring Sense to the “California Rule” (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/03/an-initiative-is-the-way-to-bring-sense-to-the-california-rule/

Supreme Court upholds piece of former Gov. Jerry Brown’s pension reform law (SoCal News Group)
https://www.whittierdailynews.com/2019/03/04/supreme-court-upholds-part-of-former-gov-jerry-browns-pension-reform-law/

OPINION California Supreme Court rejects a benefit, punts on larger pension question (SoCal News Group)
https://www.pasadenastarnews.com/2019/03/04/california-supreme-court-rejects-a-benefit-punts-on-larger-pension-question/

California Supreme Court stops short of allowing school districts to modify existing pensions (EdSource)
https://edsource.org/2019/california-supreme-court-stops-short-of-allowing-school-districts-to-modify-existing-pensions/609428

California Supreme Court Upholds Pension Rollback (AP)
https://sanfrancisco.cbslocal.com/2019/03/04/california-supreme-court-upholds-pension-rollback/

California Pension Ruling Skips Test of Constitutional Protections (Reuters)
https://www.usnews.com/news/us/articles/2019-03-04/california-pension-ruling-skips-test-of-constitutional-protections

New data detail soaring costs of California school pensions (EdSource)
https://edsource.org/2019/new-data-detail-soaring-costs-of-california-school-pensions/609422

March 4, 2019

California Stories

California justices to rule on closely watched pension suit (AP)
https://www.sacbee.com/news/state/california/article227070889.html

California Supreme Court to decide whether government can cut pensions (LA Times)
https://www.latimes.com/local/lanow/la-me-ln-pension-court-20190304-story.html

CalPERS can’t get enough of its top-earning asset (Calpensions)
https://calpensions.com/2019/03/04/calpers-cant-get-enough-of-its-top-earning-asset/

Novato selects group to establish pension trust fund (Marin Independent Journal)
https://www.marinij.com/2019/03/03/novato-selects-group-to-establish-pension-trust-fund/

Op-ed: An Agenda to Make California’s GOP Relevant Again (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/03/an-agenda-to-make-californias-gop-relevant-again-2/

If all goes well, Ventura’s pension debt should level off in 30 years (Ventura County Star)
https://www.vcstar.com/story/news/local/communities/ventura/2019/03/02/ventura-pension-debt-should-level-off-30-years/2956775002/

Oxnard begins the conversation: How to tackle growing pension liabilities? (Ventura County Star)
https://www.vcstar.com/story/news/2019/03/01/oxnard-begins-conversation-how-tackle-pension-liabilities/3009944002/

Impact on Marin County of public pensions, development, California politics the focus of March 27 event (North Bay Business Journal)
https://www.northbaybusinessjournal.com/events/9340699-181/transit-pensions-politics-impact-marin

Exclusive: CalPERS Aims to Advance Private Equity Plan (Chief Investment Officer)
https://www.ai-cio.com/news/exclusive-calpers-aims-advance-private-equity-plan/

More plans want a place at co-investment table (Pensions & Investments)
https://www.pionline.com/article/20190304/PRINT/190309958/more-plans-want-a-place-at-co-investment-table

Edison International to power up $141 million in pension contributions (Pensions & Investments)
https://www.pionline.com/article/20190301/ONLINE/190309975/edison-international-to-power-up-141-million-in-pension-contributions

National Stories

Five questions in advance of Gov. Murphy’s budget address (Burlington County Times)
https://www.burlingtoncountytimes.com/news/20190303/five-questions-in-advance-of-gov-murphys-budget-address

Bill to make names, pensions of retired employees public (Las Vegas Now)
https://www.lasvegasnow.com/news/politics/politics-now-co-host-steve-sebelius-bill-to-make-names-pensions-of-retired-employees-public/1821196846

Pension secrecy bill gets hearing before Nevada Senate committee (Las Vegas Review-Journal)
https://www.reviewjournal.com/news/politics-and-government/2019-legislature/pension-secrecy-bill-gets-hearing-before-nevada-senate-committee-1608647/

COMMENTARY: Collective bargaining for state government workers would bust the budget (Las Vegas Review-Journal)
https://www.reviewjournal.com/opinion/commentary-collective-bargaining-for-state-government-workers-would-bust-the-budget-1609500/

Fort Worth Declares Pension Problem ‘Solved’ (Chief Investment Officer)
https://www.ai-cio.com/news/fort-worth-declares-pension-problem-solved/

These 2 Senators Don’t Want Taxpayers Paying for ‘Plush’ Pensions for Wealthy Lawmakers (The Daily Signal)
https://www.dailysignal.com/2019/03/01/these-2-senators-dont-want-taxpayers-paying-for-plush-pensions-for-wealthy-lawmakers/

Texas voters would protect public pensions under a new bill filed by Rep. Canales (Fox South Texas)
https://foxnewssouthtexas.com/texas-voters-would-protect-public-pensions-under-a-new-bill-filed-by-rep-canales/

Illinois’ Really Bad Idea (Independent Institute)
http://blog.independent.org/2019/03/01/illinois-really-bad-idea/

February 28, 2019

National Stories

Why did Kentucky teachers call a sickout over the latest pension bill? (Louisville Courier Journal)
https://www.courier-journal.com/story/news/education/2019/02/28/kentucky-teacher-sickout-strike-due-to-pension-system-bill/3012091002/

Panel approves 2 percent cost of living hike for pension system participants (News OK)
https://newsok.com/article/5624285/panel-approves-2-percent-cost-of-living-hike-for-pension-system-participants

SOA’s longevity tables show public pension participants living longer than those in private-sector (Benefits Pro)
https://www.benefitspro.com/2019/02/27/soas-longevity-tables-show-public-pension-participants-living-longer-than-those-in-private-sector/?slreturn=20190128103924

February 27, 2019

National Stories

Warren Buffett discusses ‘disaster’ contributing to Bay Area exodus in CNBC interview (SF Business Journal)
https://www.bizjournals.com/sanfrancisco/news/2019/02/26/warren-buffett-public-pensions-exodus-mck-wfc-core.html

Don’t Worry, Illinois—Be Happy: Governor Jay Pritzker’s budget avoids all the hard fiscal choices that the state must make. (City Journal)
https://www.city-journal.org/jay-pritzker-illinois-budget

How the Daley dynasty could return to power in Chicago (ABC 7)
https://www.abc-7.com/story/40030583/how-the-daley-dynasty-could-return-to-power-in-chicago

WV House passes bills to create $150 million PEIA reserve fund (Charleston Gazette-Mail)
https://www.wvgazettemail.com/news/legislative_session/wv-house-passes-bills-to-create-million-peia-reserve-fund/article_d36427b4-2113-5dbd-a6e3-f96f74594175.html

Pensions May Sell $26 Billion in Stocks by Thursday: Wells Fargo (Bloomberg)
https://www.bloomberg.com/news/articles/2019-02-26/pensions-may-sell-26-billion-in-stocks-by-thursday-wells-fargo

February 26, 2019

California Stories

LA Mayor Endorses Continuation of Lucrative DROP Program for Cops, Firefighters (NBC LA)
https://www.nbclosangeles.com/news/local/LA-Mayor-Endorses-Continuation-of-Lucrative-DROP-Program-for-Cops-Firefighters-506242621.html

Tough times greet new CalPERS CIO (Top 1000 Funds)
https://www.top1000funds.com/2019/02/tough-times-greet-new-calpers-cio/

CalPERS CIO Says Pension Plan Must Create New Private Equity Organization (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-cio-says-pension-plan-must-create-new-private-equity-organization/

National Stories

New CIOs, Possible Teachers Pension Overhaul for Kentucky (Chief Investment Officer)
https://www.ai-cio.com/news/new-cios-possible-teachers-pension-overhaul-kentucky/

PERS Q & A: Can’t Oregon’s troubled pension system just file for bankruptcy? (The Oregonian)
https://www.oregonlive.com/politics/2019/02/pers-q-a-cant-oregons-troubled-pension-system-just-file-for-bankruptcy.html

February 25, 2019

California Stories

Texas and California Pensions Team Up With Buyout Firms for More Deals (Bloomberg)
https://www.bloomberg.com/news/articles/2019-02-22/texas-california-pensions-team-with-buyout-firms-for-more-deals

Op-ed: CalPERS sank millions into National Enquirer? That’s a financial crime, not a political one
https://www.latimes.com/opinion/enterthefray/la-ol-calpers-national-enquirer-20190222-story.html

State Sen. John Moorlach on Police Oversight, Pensions & California’s Fiscal Solvency (Voice of OC)
https://voiceofoc.org/2019/02/on-oc-state-sen-john-moorlach-on-police-oversight-pensions-californias-fiscal-solvency/

National Stories

Are Illinois Public Retirement Systems Pension Funds Or Pyramid Schemes? (Forbes)
https://www.forbes.com/sites/ebauer/2019/02/22/are-illinois-public-retirement-systems-pension-funds-or-pyramid-schemes/#31cec93817a4

 

February 22, 2019

California Stories

National Enquirer’s biggest investors include California taxpayers and state workers (LA Times)
https://www.latimes.com/nation/la-na-national-enquirer-20190221-story.html

10 Most Overpaid CEOs (24/7 Wall Street)
https://247wallst.com/investing/2019/02/21/10-most-overpaid-ceos/

Pension funds getting more involved with CEO pay – report (Pensions & Investments)
https://www.pionline.com/article/20190221/ONLINE/190229955/pension-funds-getting-more-involved-with-ceo-pay-8211-report

CalPERS’ board adopts new compensation package (Pensions & Investments)
https://www.pionline.com/article/20190221/ONLINE/190229949/calpers-board-adopts-new-compensation-package

National Stories

New Mexico PERA Gets a Task Force (Chief Investment Officer)
https://www.ai-cio.com/news/new-mexico-pera-gets-task-force/

Kentucky state lawmakers place their bets on sports gambling (AP)
https://www.gjsentinel.com/sports/professional/state-lawmakers-place-their-bets-on-sports-gambling/article_389d97e8-45af-52c6-878c-ca8a56235e25.html

The harm done by the “pension crisis” narrative (Capitol Fax)
https://capitolfax.com/2019/02/21/the-harm-done-by-the-pension-crisis-narrative/

Public pension fund managers want in on infrastructure (The Bond Buyer)
https://www.bondbuyer.com/news/public-pension-fund-managers-want-in-on-infrastructure?feed=0000015a-fd07-d6dd-a9ff-ff07c9a50000

Illinois Cops Turned $850 Into a $20,000 Pension Boost (Reason)
https://reason.com/blog/2019/02/21/illinois-cops-pension-gimmick-scheme-cou

February 21, 2019

California Stories

The California Rule on Public Employee Pensions Under Attack: Will We Still Call It The “California Rule” If It Is No Longer The Rule In California? (Business Law Today)
https://businesslawtoday.org/2019/02/california-rule-public-employee-pensions-attack-will-still-call-california-rule-no-longer-rule-california/

City plans to use sales tax revenue for pensions (Bakersfield Now)
https://bakersfieldnow.com/news/local/city-plans-to-use-sales-tax-revenue-for-pensions

Soured Pension Investments Spark Lawsuit Against Ex-Newspaper Owners (Wall Street Journal)
https://www.wsj.com/articles/soured-pension-investments-spark-lawsuit-against-ex-newspaper-owners-11550692880

National Stories

Should Congress Continue To Receive Pensions and Perks? (Citizen Truth)
https://citizentruth.org/should-congress-continue-to-receive-pensions-and-perks/

Column: Funny business: Another exec is unchecked? (News Tribune (Ill.)
http://www.newstrib.com/opinion/column-funny-business-another-exec-is-unchecked/article_d7d073b4-3488-11e9-8a12-6353c16b7cb0.html

February 20, 2019

California Stories

Public pension plan investment performance continues to lag the financial markets (Lamorinda Weekly)
http://www.lamorindaweekly.com/archive/issue1226/Public-pension-plan-investment-performance-continues-to-lag-the-financial-markets.html

National Stories

Lamont Seeks Giveback From Future State Retirees (Connecticut Public Radio)
http://www.wnpr.org/post/lamont-seeks-giveback-future-state-retirees

Tourism, courts, pensions, oil tax credits: Where Alaska Gov. Dunleavy wants to spend more cash (Alaska Public Media)
https://www.alaskapublic.org/2019/02/19/tourism-courts-pensions-oil-tax-credits-where-alaska-gov-dunleavy-wants-to-spend-more-cash/

Lawmaker aims to change pension forfeiture rules (ABC 27 (Penn.)
https://www.abc27.com/investigators/investigations/lawmaker-aims-to-change-pension-forfeiture-rules/1794661591

February 19, 2019

California Stories

OPINION Sunshine needed on California’s disability-enhanced pensions (Pasadena Star News)
https://www.pasadenastarnews.com/2019/02/16/sunshine-needed-on-californias-disability-enhanced-pensions/

$12 million in Measure N funds to go towards general fund reserves, will help pay down pension costs (KGET)
https://www.kget.com/news/local-news/-12-million-in-measure-n-funds-to-go-towards-general-fund-reserves-will-help-pay-down-pension-costs/1792634555

Budget for Foster City looks good Councilmembers agree to allocate some surplus funding to pensions (The Daily Journal)
https://www.smdailyjournal.com/news/local/budget-for-foster-city-looks-good/article_df916db4-33f3-11e9-bfd9-f3b4e9fd511b.html

LAPD commander under investigation was allowed to join controversial retirement plan (LA Times)
https://www.sandiegouniontribune.com/news/california/la-me-lapd-commander-car-crash-pension-pay-20190214-story.html

Councilman Ron Morrison forgoes pay, benefits from city, starts to collect pension (San Diego Union Tribune)
https://www.sandiegouniontribune.com/communities/south-county/sd-se-morrison-pension-20190218-story.html

National Stories

Public worker pensions are a huge cost for N.J. Here’s what Phil Murphy is considering to pay for them. (NJ.com)
https://www.nj.com/politics/2019/02/public-worker-pensions-are-a-huge-cost-for-nj-heres-what-phil-murphy-is-considering-to-pay-for-them.html

Public employee unions plan pushback at Sweeney town hall in Burlington County (Burlington County Times)
https://www.burlingtoncountytimes.com/news/20190219/public-employee-unions-plan-pushback-at-sweeney-town-hall-in-burlington-county

SWEENEY SEIZES THE MIC, HOLDS HIS OWN TOWN HALLS, BUT WHERE’S MURPHY? (NJ Spotlight)
https://www.njspotlight.com/stories/19/02/18/sweeney-seizes-the-mic-holds-his-own-town-halls-but-wheres-murphy/

Public plans surf wave of reforms in aftermath of crisis (Pensions & Investments)
https://www.pionline.com/article/20190218/PRINT/190219876/public-plans-surf-wave-of-reforms-in-aftermath-of-crisis

More plans looking to hang on to assets of departing workers (Pensions & Investments)
https://www.pionline.com/article/20190218/PRINT/190219871/more-plans-looking-to-hang-on-to-assets-of-departing-workers

Public pension assets plummet in 2018 Q4, experiencing largest quarterly losses in two years
https://www.prnewswire.com/news-releases/public-pension-assets-plummet-in-2018-q4-experiencing-largest-quarterly-losses-in-two-years-300796439.html

Editorial | Addressing the pension mess (The News-Gazette (Ill.)
http://www.news-gazette.com/opinion/editorials/2019-02-15/editorial-addressing-the-pension-mess.html

Brazil Lawmakers to Consider Minimum Retirement Age (Chief Investment Officer)
https://www.ai-cio.com/news/brazil-lawmakers-consider-minimum-retirement-age/

 

February 15, 2018

National Stories

Gov. J.B. Pritzker’s administration considering selling state buildings and land to pay for pensions (Chicago Tribune)
https://www.chicagotribune.com/news/local/politics/ct-met-jb-pritzker-dan-hynes-illinois-budget-20190214-story.html

Public Pension Plan Sponsors Struggle to Contribute Sufficiently to Plans (Plan Sponsor)
https://www.plansponsor.com/public-pension-plan-sponsors-struggle-contribute-sufficiently-plans/

February 14, 2019

California Stories

CalPERS posts net return of -3.5% for 2018 (Pensions & Investments)
https://www.pionline.com/article/20190213/ONLINE/190219934/calpers-posts-net-return-of-35-for-2018

Whittier may ask voters to increase the local sales tax (Whittier Daily News)
https://www.whittierdailynews.com/2019/02/13/whittier-may-ask-voters-to-increase-the-local-sales-tax/

CalPERS Continues to Make New Private Equity Commitments (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-continues-make-new-private-equity-commitments/

National Stories

Adopt Sweeney’s reforms to secure N.J. pensions | Feedback (NJ.com)
https://www.nj.com/south/2019/02/adopt-sweeneys-reforms-to-secure-nj-pensions-feedback.html

‘Double dipping,’ popular but controversial (Laconia Daily Sun (N.H.)
https://www.laconiadailysun.com/news/local/double-dipping-popular-but-controversial/article_94049278-2fdd-11e9-bb07-2fd7d934bb32.html

February 13, 2019

California Stories

Borenstein: CalPERS’ flawed forecasting increases pension debt (San Jose Mercury News)
https://www.mercurynews.com/2019/02/13/borenstein-calpers-piling-more-pension-debt-on-california-taxpayers/

National Stories

Mississippi tweaking pension rule for elected officials (Delta Democrat-Times)
http://www.ddtonline.com/sports/state_and_national_sports/article_d2e5199b-c8c1-5a85-b9b7-6de4657c39c0.html

KPERS’ retirees urge House panel to embrace $185 million cost-of-living adjustments (Garden City Telegram)
http://www.gctelegram.com/news/20190212/kpers-retirees-urge-house-panel-to-embrace-185-million-cost-of-living-adjustment

 

February 12, 2019

California Stories

A Large Equity Drawdown Would Cause Major Problems for CalPERS (Chief Investment Officer)
https://www.ai-cio.com/news/large-equity-drawdown-cause-major-problems-calpers/

Moorlach: The Real State of the State: California 2019 (California Globe)
https://californiaglobe.com/governor/the-real-state-of-the-state-california-2019/

National Stories

KPERS’ retirees urge Kansas House panel to embrace $185 million cost-of-living adjustment (Salina Journal)
http://www.salina.com/news/20190211/kpers-retirees-urge-kansas-house-panel-to-embrace-185-million-cost-of-living-adjustment

February 11, 2019

California Stories

CalPERS sued to identify retirees with disability (Calpensions)
https://calpensions.com/2019/02/11/calpers-sued-to-identify-retirees-with-disability/

National Stories

Public Pension Plans Funding Grows in 2018, Assumed Return Rates Dip (Chief Investment Officer)
https://www.ai-cio.com/news/public-pension-plans-funding-grows-2018-assumed-return-rates-dip/

Public Pensions Report Strong 2018 Returns (Plan Sponsor)
https://www.plansponsor.com/public-pensions-report-strong-2018-returns/

Editorial: In pension crisis, time is not on our side (Crain’s Chicago Business)
https://www.chicagobusiness.com/opinion/pension-crisis-time-not-our-side

Joe DeLong: Pensions will sink Connecticut (News Times)
https://www.newstimes.com/opinion/article/Joe-DeLong-Pensions-will-sink-Connecticut-13603739.php

WATERS: Pension-reform reset a win-win (Richmond Register)
https://www.richmondregister.com/opinion/pension-reform-reset-a-win-win/article_027ae031-37aa-5238-a3ab-fe5378ed38af.html

Editorial: Power grab for public unions (Providence Journal)
https://www.providencejournal.com/opinion/20190210/editorial-power-grab-for-public-unions

Opinion: Corporate boardrooms need policy ‘rules of the road’ (Roll Call)
https://www.rollcall.com/news/opinion/corporate-boardrooms-need-policy-rules-of-the-road

February 7, 2019

California Stories

CalSTRS 2018 Calendar Year Results Are in Negative Territory (Chief Investment Officer)
https://www.ai-cio.com/news/calstrs-2018-calendar-year-results-negative-territory/

National Stories

Public Pension Losses Last Quarter Compound Funding Challenges (Bloomberg)
https://www.bloomberg.com/news/articles/2019-02-06/public-pension-losses-last-quarter-compound-funding-challenges

Ex-Gov. Christie: State Headed to Crisis Over Pension, Health Benefits (Tap into New Brunswick)
https://www.tapinto.net/towns/new-brunswick/articles/ex-gov-christie-state-headed-to-crisis-over-pension-health-benefits

Mayors lay out plan to consolidate local pension funds (Capital News Illinois)
https://www.pantagraph.com/news/state-and-regional/mayors-lay-out-plan-to-consolidate-local-pension-funds/article_9096a30e-2ac0-5bd6-add1-f926c6f91aa2.html

Could Louisville residents see tax increase this year? (WLKY)
https://www.wlky.com/article/could-louisville-residents-see-tax-increase-this-year/26197102

Senate advances bill to raise minimum pensions for public school/state retirees (Charleston Gazette-Mail (W.V.)
https://www.wvgazettemail.com/news/legislative_session/senate-bill-to-raise-minimum-pensions-for-public-school-state/article_26327e1e-12d3-5974-a279-9606a32f46b9.html

Senators press asset managers for details on managing deforestation risks (Pensions & Investments)
https://www.pionline.com/article/20190206/ONLINE/190209880/senators-press-asset-managers-for-details-on-managing-deforestation-risks

Proposed bill: No pensions for public employees convicted of work-related crimes (The Daily Item (Penn.)
https://www.dailyitem.com/news/proposed-bill-no-pensions-for-public-employees-convicted-of-work/article_dcbcd270-7dfb-54e9-b562-2f59365cade6.html

February 5, 2019

California Stories

CalPERS is strong — but challenges remain (Capitol Weekly)
http://capitolweekly.net/calpers-strong-challenges-remain/

California’s public pensions are worse off than we thought (Cal Matters)
https://www.mercedsunstar.com/opinion/article225504215.html

Will Businesses Pay Unfunded Pension Debt? (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/02/will-businesses-pay-unfunded-pension-debt/

Report: Riverside County’s Unfunded Pension Liabilities Rise (Patch)
https://patch.com/california/murrieta/report-countys-unfunded-pension-liabilities-rise

National Stories

Atlanta City Council passes reform to employee bonuses process (Atlanta Journal Constitution)
https://www.ajc.com/news/local-govt–politics/atlanta-city-council-passes-reform-employee-bonuses-process/tKTm5tFqiHFYU09UbpH1EO/

New Jersey pension system paid out $670M for fees, bonuses in FY18 (Politico)
https://www.politico.com/newsletters/new-jersey-playbook/2019/02/05/15-minimum-wage-on-the-way-386061

Lawmakers who commit crimes would lose pensions under bill approved by Pa. Senate (Penn Live)
https://www.pennlive.com/news/2019/02/senate-passes-bill-expanding-pension-forfeiture-law.html

February 4, 2019

California Stories

What delaying a big rate increase cost CalSTRS (Calpensions)
https://calpensions.com/2019/02/04/what-delaying-a-big-rate-increase-cost-calstrs/

Dan Walters: Could California pension system be underwater? (Cal Matters)
https://calmatters.org/articles/commentary/could-california-pension-system-be-underwater/

Op-ed: Oakland public schools have great needs but inadequate funds (SF Chronicle)
https://www.sfchronicle.com/opinion/openforum/article/Oakland-public-schools-have-great-needs-but-13584797.php

Analyzing Health Care Financing–Part 2 (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/02/analyzing-health-care-finances-part-2/

Stockton ranked among top fiscally healthy cities (Stockton Record)
https://www.recordnet.com/news/20190201/stockton-ranked-among-top-fiscally-healthy-cities

New CalPERS CIO ready to make ‘nimble, dynamic’ investing shifts (Pensions & Investments)
https://www.pionline.com/article/20190204/PRINT/190209951/new-calpers-cio-ready-to-make-nimble-dynamic-investing-shifts

 

National Stories

Largest funds top $11 trillion; assets up 6.4% (Pensions & Investments)
https://www.pionline.com/article/20190204/PRINT/190209959/largest-funds-top-11-trillion-assets-up-64

Funds turn back clock in return to active equity (Pensions & Investments)
https://www.pionline.com/article/20190204/PRINT/190209954/funds-turn-back-clock-in-return-to-active-equity

Private equity, real assets make gains with funds wanting safety (Pensions & Investments)
https://www.pionline.com/article/20190204/PRINT/190209966/private-equity-real-assets-make-gains-with-funds-wanting-safety

Solving state pension woes top priority, legislators say (Messenger Inquirer (Kent.)
http://www.messenger-inquirer.com/news/local/solving-state-pension-woes-top-priority-legislators-say/article_d5d99af1-63a2-51d1-bcac-388190d74907.html

Dan Sparks: Securing firm footing for Austin firefighters (Austin Daily Herald)
https://m.austindailyherald.com/2019/02/securing-firm-financial-footing-for-austin-firefighters/

City council, union talk pensions (The Mining Journal (Mich.)
http://www.miningjournal.net/news/front-page-news/2019/02/city-council-union-talk-pensions/

February 1, 2019

California Stories

California pension funds losing tens of millions of dollars on PG&E (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article225349940.html

This Giant Pension Sold All Its PG&E Stock Before the January Collapse (Barron’s)
https://www.barrons.com/articles/this-giant-pension-sold-pg-e-stock-before-the-january-collapse-51548958884

CalSTRS votes to oppose statewide ban on public funds’ investments in private prisons (Pensions & Investments)
https://www.pionline.com/article/20190131/ONLINE/190139954/calstrs-votes-to-oppose-statewide-ban-on-public-funds-investments-in-private-prisons

National Stories

Op-ed: Legislative inaction could lead to bankruptcy for small cities (Arizona Capital Times)
https://azcapitoltimes.com/news/2019/01/31/legislative-inaction-could-lead-to-bankruptcy-for-small-cities/

State rep. pushes bill to end lawmaker pensions (Daily Chronicle)
https://www.daily-chronicle.com/2019/01/31/state-rep-pushes-bill-to-end-lawmaker-pensions/awwqjnq/

DiSanto Pension Forfeiture bill advances key committee vote (Penn Business Report)
https://pennbizreport.com/news/12011-disanto-pension-forfeiture-bill-advances-key-committee-vote/