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

February 22, 2017

California Stories

Editorial: GOP should help, not block, retirement savings push (East Bay Times)
http://www.eastbaytimes.com/2017/02/21/editorial-gop-should-help-not-block-retirement-savings-push/

Editorial: Divesting pensions from the Dakota Access Pipeline might sound good, but it will hurt Californians (LA Times)
http://www.latimes.com/opinion/editorials/la-ed-calpers-divestment-dakota-access-20170221-story.html

National Stories

Stress tests for pensions (Benefits Pro)
http://www.benefitspro.com/2017/02/21/stress-tests-for-pensions

How We Got Out of a 401(k) and into a Real Pension (Labor Notes)
http://labornotes.org/2017/02/how-we-got-out-401k-and-real-pension

Gov Christie’s record on pensions: Broken promises, no effective fix (News Works)
http://www.newsworks.org/index.php/local/new-jersey-spotlight/101592-christies-public-pension-legacy-broken-promises-no-effective-fixes

Maryland should look to local government for pension solutions (Maryland Reporter)
http://marylandreporter.com/2017/02/21/maryland-should-look-to-local-government-for-pension-solutions/

Money management, pension fund executives blast Texas ‘bathroom bill’ (Pensions & Investments)
http://www.pionline.com/article/20170221/ONLINE/170229976/money-management-pension-fund-executives-blast-texas-bathroom-bill

It’s More Important To Get Puerto Rican Pension Reform Right Than To Do It Fast (Forbes)
http://www.forbes.com/sites/ikebrannon/2017/02/21/its-more-important-to-get-puerto-rican-pension-reform-right-than-to-do-it-fast/#459a3ef9ac6a

February 17, 2017

Featured Stories

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Op-ed: Criticism of CalPERS is often misplaced (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article132957504.html

California Stories

Letters: Oroville Dam, Carbon tax, pension reform (Sacramento Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article133224754.html

National Stories

Senator aims to open legislators’ pension records to public (Texas Tribune)
https://www.texastribune.org/2017/02/16/senator-aims-open-legislators-pension-records-public/

SC pension fix with 9% cap for public workers heads to House (The State)
http://www.thestate.com/news/politics-government/article133163804.html#storylink=cpy

S.C. bill to shore up public pensions advances to House floor (AP)
http://www.heraldonline.com/news/state/south-carolina/article133143534.html

Oregon public employees slam retirement system proposal (AP)
http://www.heraldandnews.com/news/oregon/public-employees-slam-retirement-system-proposal/article_258d2398-895e-542b-b82c-f50568ac54fb.html

Troubled Kentucky pension system might need billions more than assumed (Lexington Herald Ledger)
http://www.kentucky.com/news/politics-government/article133142369.html

Liam Midgail-Smith: Public pension issue a bargaining chip? (Reading Eagle (Penn.)
http://www.readingeagle.com/news/article/liam-midgail-smith-public-pension-issue-a-bargaining-chip

February 16, 2017

California Stories

House riles California with vote to block state retirement law to help low-income workers (LA Times)
http://www.latimes.com/politics/washington/la-na-essential-washington-updates-house-riles-california-1487201190-htmlstory.html

Richmond Cuts Jobs, Street Repairs, Library Books to Keep Up With Pension Costs (KQED)
https://ww2.kqed.org/news/2017/02/16/richmond-cuts-jobs-street-repairs-library-books-to-keep-up-with-pension-costs/

Newport’s pension liability might halt plans for library/fire station, pier restaurant and junior lifeguard HQ (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-newport-study-session-20170215-story.html

National Stories

States’ rights? Not so much, when it comes to retirement savings (Reuters)
http://www.reuters.com/article/us-column-miller-retirement-idUSKBN15V1FM

Will public pensions regret dumping hedge funds? (Institutional Investor)
http://www.institutionalinvestor.com/article/3662075/investors-pensions/will-public-pensions-regret-dumping-hedge-funds.html#.WKVcPxIrL6Y

Oregon judges lobby Legislature for big pay, pension increases (Eugene Register-Guard)
http://registerguard.com/rg/news/local/35285507-75/oregon-judges-lobby-legislature-for-big-pay-pension-increases.html.csp

February 15, 2017

California Stories

Editorial: Wall Street shouldn’t come before retirees (Sacramento Bee)
http://www.modbee.com/opinion/editorials/article132713009.html

Opinion Blowback: More government may not be the answer to boosting retirement savings (LA Times)
http://www.latimes.com/opinion/opinion-la/la-ed-state-ira-blowback-20170213-story.html

Editorial: How hiring spike chipped away at pension reform (Sac Bee)
http://www.sacbee.com/opinion/editorials/article132703479.html

Op-Ed The Oroville Dam disaster is yet another example of California’s decline (LA Times)
http://www.latimes.com/opinion/op-ed/la-oe-hanson-oroville-20170214-story.html

Close to Home: Santa Rosa district officials deflect problems of their own making (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/6667574-181/close-to-home-santa-rosa

National Stories

Public employees blast proposed PERS reforms (Portland Tribune)
http://portlandtribune.com/pt/9-news/344963-225022-public-employees-blast-proposed-pers-reforms

February 14, 2017

California Stories

Dakota pipeline protesters persuade CalPERS to reconsider project (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article132505384.html

Dakota Access Pipeline Opponents Call on CalPERS to Divest (East Bay Express)
http://www.eastbayexpress.com/SevenDays/archives/2017/02/13/dakota-access-pipeline-opponents-call-on-calpers-to-divest

Risk reduction move costs CalPERS $900 million since September (Pensions & Investments)
http://www.pionline.com/article/20170213/ONLINE/170219964/risk-reduction-move-costs-calpers-900-million-since-september

National Stories

Congress May Protect Private Pensions from State Bureaucrats (Mackinac Center for Public Policy)
https://www.mackinac.org/congress-may-protect-private-pensions-from-state-bureaucrats

Modernize teacher pensions:Add value to working teachers and their students (Savannah Morning News)
http://savannahnow.com/opinion-editorial/2017-02-13/modernize-teacher-pensionsadd-value-working-teachers-and-their-students

Michigan Pension Reform Proposal May Be ‘Too Optimistic’ (Chief Investment Officer)
http://www.ai-cio.com/channel/RISK-MANAGEMENT/Michigan-Pension-Reform-Proposal-May-Be–Too-Optimistic-/

Pew Trust: WV ‘tremendous turnaround story’ for pensions (Charleston Gazette Mail)
http://www.wvgazettemail.com/news-politics/20170213/pew-trust-wv-tremendous-turnaround-story-for-pensions#sthash.6QwhRRSm.dpuf

Public Employees Paint Dire Picture As Pensions Come Under Debate In Salem (KUOW)
http://kuow.org/post/public-employees-paint-dire-picture-pensions-come-under-debate-salem

PERS changes would hit newer, younger workers harder (Eugene Register Guard)
http://registerguard.com/rg/news/local/35279519-75/pers-changes-would-hit-newer-younger-workers-harder.html.csp#

February 13, 2017

California Stories

With pension reform looming, these California departments went on a hiring spree (Sacramento Bee)
http://www.sacbee.com/news/investigations/the-public-eye/article132104954.html#storylink=cpy

CalSTRS cuts hundreds of misreported pensions (Calpensions)
https://calpensions.com/2017/02/13/calstrs-cuts-hundreds-of-misreported-pensions/

Richmond: Pension costs stoke bankruptcy fears (East Bay Times)
http://www.eastbaytimes.com/2017/02/11/richmond-cutting-jobs-street-repairs-library-books-to-keep-up-with-pension-costs/

National Stories

Watch What Indexing Does for Public Pensions (Bloomberg)
https://www.bloomberg.com/view/articles/2017-02-10/watch-what-indexing-does-for-public-pensions

PERS: 9 myths about Oregon’s public pension fund (The Oregonian)
http://www.oregonlive.com/business/index.ssf/2017/02/pers_9_myths_about_oregons_pub.html

February 10, 2017

California Stories

A Tale Of Two Sectors (Capital Public Radio)
http://www.capradio.org/articles/2017/02/09/a-tale-of-two-sectors/

Foundation Journalism and Caesar’s wife (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/02/foundation-journalism-caesars-wife/

Borenstein: Permitted pension spiking will cost $2.1 million (East Bay Times)
http://www.eastbaytimes.com/2017/02/09/borenstein-permitted-pension-spiking-will-cost-2-1-million/

National Stories

Milliman Study: Public Pension Plans See 4Q Funded Ratio Decline (Chief Investment Officer)
http://www.ai-cio.com/channel/NEWSMAKERS/Milliman-Study–Public-Pension-Plans-See-4Q-Funded-Ratio-Decline/

Pensions Losing Ground Despite Big Trump Rally (Barron’s)
http://www.barrons.com/articles/pensions-losing-ground-despite-big-trump-rally-1486662336

Full-time school pensions averaged more than $68,000 (Albany Times-Union)
http://www.timesunion.com/allwcm/article/Full-time-school-pensions-averaged-more-than-10920577.php

February 9, 2017

California Stories

A Tale Of Two Sectors (Capital Public Radio)
http://www.capradio.org/articles/2017/02/09/a-tale-of-two-sectors/

California Teachers’ Fund Reduced Goal Will Hit These Three Most (Bloomberg)
http://www.bloombergquint.com/markets/2017/02/08/california-teachers-fund-reduced-goal-will-hit-these-three-most

California retirement benefit program in Congress’ crosshairs (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article131576874.html

Taxpayers on the hook for skyrocketing teacher pension contributions (SF Business Times)
http://www.bizjournals.com/sanfrancisco/news/2017/02/08/calstrs-pension-liability.html

National Stories

Pension bill fizzles, but ‘grand bargain’ is ‘still on track’ (Chicago Sun-Times)
http://chicago.suntimes.com/news/pension-bill-fails-leaders-still-sold-on-passing-grand-bargain/

Editorial: Maryland’s procrastinates on pension fund fixes — again (Washington Post)
https://www.washingtonpost.com/opinions/marylands-procrastinates-on-pension-fund-fixes–again/2017/02/08/65cda6b6-ee1b-11e6-9662-6eedf1627882_story.html?utm_term=.0f6d08b39e61

Michigan governor eyes lower assumed investment rate for pensions (WSAU)
http://wsau.com/news/articles/2017/feb/08/michigan-governor-eyes-lower-assumed-investment-rate-for-pensions/

What’s it going to take to fix South Carolina’s failing pension system? (WISTV)
http://www.wistv.com/story/34455458/sc-workers-take-leave-to-express-concerns-on-failing-pension-system

Schools, cities, counties to pay much of cost of pension fix (The State)
http://www.thestate.com/news/politics-government/article131558504.html

Senate passes bill to require more disclosure of pension systems’ business deals (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article131536969.html#storylink=cpy

Bill to Boost Oversight of Kentucky Pension Systems Clears Senate (AP)
http://wkyufm.org/post/bill-boost-oversight-kentucky-pension-systems-clears-senate

$15B Hawaii pension fund seeks a consultant for its real estate investments (Pacific Business News)
http://www.bizjournals.com/pacific/news/2017/02/08/15b-hawaii-pension-fund-seeks-a-consultant-for.html

February 8, 2017

California Stories

CalPERS’s sees 5.8 pct return with new allocation; below 7 pct goal (Reuters)
http://www.reuters.com/article/california-calpers-rates-idUSL1N1FS04D

California Teachers’ Fund Reduced Goal Will Hit These Three Most (Bloomberg)
https://www.bloomberg.com/news/articles/2017-02-08/california-teachers-fund-reduced-goal-will-hit-these-three-most

California’s Payments Into Teachers’ Pensions to Triple (Comstock Magazine)
http://www.comstocksmag.com/bloomberg/californias-payments-teachers-pensions-triple

California Teachers’ Pension System Lowers Projection, Potentially Tripling What Taxpayers Will Owe (Reason)
http://reason.com/blog/2017/02/07/california-teachers-pension-system-lower

The Pension Monster that Devoured Education (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/02/pension-monster-devoured-education/

Speak Your Piece: Pensions help recruit good teachers (Redding Record Searchlight)
http://www.redding.com/story/opinion/readers/2017/02/07/pensions-help-recruit-good-teachers/97466028/

CalPERS wants to keep investments in Dakota Access pipeline (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article131349249.html

Divest or Exert Influence? A Proposed Bill Would Force CalPERS, CalSTRS to Sell Off Investments in Dakota Access Companies (Coachella Valley Independent)
http://www.cvindependent.com/index.php/en-US/news/politics/item/3616-divest-or-exert-influence-a-proposed-bill-would-force-calpers-calstrs-to-sell-off-investments-in-dakota-access-companies

Hope and fear in school pension funding (Coverdale Reveille)
http://www.sonomawest.com/cloverdale_reveille/news/hope-and-fear-in-school-pension-funding/article_51444678-ed53-11e6-880b-c784c5ccf998.html

National Stories

Trump Rally Helps Public Pensions as Investment Gains Hit Target (Bloomberg)
https://www.bloomberg.com/news/articles/2017-02-07/trump-rally-helps-public-pensions-as-investment-gains-hit-target

Assets of top funds up 6.2% to $9.4 trillion (Pensions & Investments)
http://www.pionline.com/article/20170206/PRINT/302069976

Fire, police unions oppose pension bill for Omaha, Lincoln members (Omaha World-Herald)
http://www.omaha.com/news/legislature/fire-police-unions-oppose-pension-bill-for-omaha-lincoln-members/article_7f8b1cb0-ed75-11e6-a849-5bb625874bb6.html

February 7, 2017

California Stories

Richmond Makes Cuts To Services As Pension Costs For Public-Sector Workers Mount (Capital Public Radio)
http://www.capradio.org/articles/2017/02/06/richmond-makes-cuts-to-services-as-pension-costs-for-public-sector-workers-mount/

CalPERS staff says fund should not divest from Dakota Access (Reuters)
http://www.reuters.com/article/us-california-pensions-divestment-idUSKBN15L2OV

Dramatic pension increases leave districts, educators scrambling (The Healdsburg Tribune)
http://www.sonomawest.com/the_healdsburg_tribune/news/dramatic-pension-increases-leave-districts-educators-scrambling/article_cbca318c-ecc7-11e6-8427-c37dafbe18f1.html

National Stories

Despite risks, public pensions put faith in long-term returns (Reuters)
http://www.reuters.com/article/us-usa-pensions-returns-idUSKBN15L287

Governor Snyder Plans To Tackle Unfunded Liabilties, Pensions And Retiree Healthcare (WMUK)
http://wmuk.org/post/governor-snyder-plans-tackle-unfunded-liabilties-pensions-and-retiree-healthcare

Unfunded Pensions – Tip of the Iceberg? (Hawaii Reporter)
http://www.hawaiireporter.com/unfunded-pensions-tip-of-the-iceberg

Assets of the 1,000 largest U.S. retirement plans hit record level
http://www.prnewswire.com/news-releases/assets-of-the-1000-largest-us-retirement-plans-hit-record-level-300402401.html

February 6, 2017

California Stories

Cutting jobs, street repairs, library books to keep up with pension costs (LA Times)
http://www.latimes.com/projects/la-le-me-richmond-pensions/

Pension boards must get real when it comes to numbers and challenges (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-utbg-unfunded-pensions-liabilities-20170203-story.html

California’s Payments Into Teachers’ Pensions to Triple (Bloomberg)
https://www.bloomberg.com/news/articles/2017-02-06/california-s-payments-into-teachers-pensions-to-triple-chart

Modesto braces for spike in pension costs (Modesto Bee)
http://www.modbee.com/news/article130812734.html

National Stories

Michigan leads effort to shift workers away from pensions (AP)
http://www.newson6.com/story/34429837/michigan-leads-effort-to-shift-workers-away-from-pensions

Eric Schmitt: Underfunded state pensions are Missouri’s crisis on the horizon (Kansas City Star)
http://www.kansascity.com/opinion/readers-opinion/guest-commentary/article130657604.html#storylink=cpy

Unfunded pensions – just the tip of the iceberg? (The Garden Island)
http://thegardenisland.com/business/local/unfunded-pensions-just-the-tip-of-the-iceberg/article_7a8e608f-ad20-5952-88b1-da66233f6279.html

Waning returns have some doubting private equity’s value (Pensions & Investments)
http://www.pionline.com/article/20170206/PRINT/302069982/waning-returns-have-some-doubting-private-equitys-value

February 3, 2017

California Stories

Borenstein: Gov. Brown’s pension reform effort has failed (East Bay Times)
http://www.eastbaytimes.com/2017/02/02/borenstein-gov-browns-pension-reform-effort-has-failed/

State, new teachers to pay more to shore up state teachers pension fund (Ed Source)
https://edsource.org/2017/state-new-teachers-to-pay-more-to-shore-up-state-teachers-pension-fund/576481

National Stories

Huge Bill Is Coming Due For Oregon’s Past Pension System Mistakes (Oregon Public Broadcasting)
http://www.opb.org/news/article/oregon-pers-pension-system-cost-increases/

Judge dismisses Providence pension opt-out case (WPRI)
http://wpri.com/2017/02/02/judge-dismisses-providence-pension-opt-out-case/

Letter: Reject Gov. Hogan’s plan to change Maryland’s public employee pension system (Washington Post)
https://www.washingtonpost.com/opinions/reject-gov-hogans-plan-to-change-marylands-public-employee-pension-system/2017/02/02/302e6d72-e95e-11e6-903d-9b11ed7d8d2a_story.html?utm_term=.068bedf0d41c

PERS uses your money to keep you from finding out how it’s spending your money (Las Vegas Review Journal)
http://www.reviewjournal.com/news/columns/victor-joecks/pers-uses-your-money-keep-you-finding-out-how-it-s-spending-your-money

February 2, 2017

California Stories

CalSTRS lowers earnings forecast from 7.5% to 7% (Calpensions)
https://calpensions.com/2017/02/02/calstrs-lowers-earnings-forecast-from-7-5-to-7/

California teacher pension system lowers investment target (AP)
http://www.sacbee.com/news/business/article130217684.html

Acknowledging lower returns, CalSTRS drops investment forecast (Sacramento Bee)
http://www.sacbee.com/news/business/article130229309.html

CalSTRS lowers expected return rate to 7 percent by 2018 (Reuters)
http://finance.yahoo.com/news/calstrs-lowers-expected-return-rate-011921285.html

FINANCIAL TIME BOMB? Retirement funding costs growing faster than pay (Manteca Bulletin)
http://www.mantecabulletin.com/section/1/article/141396/

California Mayor Says There’s ‘No Rational Justification’ For City’s Six-Figure Pensions (Reason)
http://reason.com/blog/2017/02/01/california-mayor-says-theres-no-rational

National Stories

Rockefeller Institute points out pension risk to taxpayers (Albany Times Union)
http://blog.timesunion.com/capitol/archives/271822/rockefeller-institute-points-out-pension-risk-to-taxpayers/

February 1, 2017

California Stories

OPINION Two-thirds of teachers are ‘pension losers’ (OC Register)
http://www.ocregister.com/articles/pensions-742666-nature-defined.html

Editorial: San Bernardino’s hard-earned exit from bankruptcy (San Bernardino Sun)
http://www.sbsun.com/opinion/20170131/san-bernardinos-hard-earned-exit-from-bankruptcy

Marin County budget analysts project deficits (Marin Independent Journal)
http://www.marinij.com/government-and-politics/20170131/marin-county-budget-analysts-project-deficits

Piedmont My Word: Increased pension payments threaten state’s schools (East Bay Times)
http://www.eastbaytimes.com/2017/01/31/piedmont-my-word-increased-pension-payments-threaten-states-schools/

National Stories

Nevada retirement board to appeal ruling to release pension records (Las Vegas Review-Journal)
http://www.reviewjournal.com/news/politics-and-government/nevada/nevada-retirement-board-appeal-ruling-release-pension-records

Republican duo pushes for pension tax repeal, Gov. pushes back (Michigan Live)
http://www.mlive.com/news/index.ssf/2017/01/republican_duo_pushes_for_pens.html

S.C. Pension Debt Ballooning at $24 Billion (WLTX)
http://www.wltx.com/news/local/pension-debt-ballooning-at-24-billion/395123549

S.C. treasurer, armed with attorney general opinion, blasts pension fund management (The Post and Courier)
http://www.postandcourier.com/news/s-c-treasurer-armed-with-attorney-general-opinion-blasts-pension/article_023b5e44-e7eb-11e6-a46a-b38835b3138b.html

Editorial: Restore the state’s pension contribution (Concord Monitor)
http://www.concordmonitor.com/Restoring-state-pension-contribution-7821584

Virginia Politics Rising pension costs a growing problem in budget-weary Fairfax County (Washington Post)
https://www.washingtonpost.com/local/virginia-politics/rising-pension-costs-a-growing-problem-in-budget-weary-fairfax-county/2017/01/27/16eed500-e368-11e6-a453-19ec4b3d09ba_story.html?utm_term=.629df8f663c9

January 31, 2017

California Stories

Despite Reforms, San Diego City and County Pension Funds Are Billions Short (Voice of San Diego)
http://www.publicceo.com/2017/01/despite-reforms-san-diego-city-and-county-pension-funds-are-billions-short/

California school districts facing cuts due to pension costs (Cal Coast News)
https://calcoastnews.com/2017/01/california-school-districts-facing-cuts-due-pension-costs/

Government Policy Hurts Pensions: Low Interest (Public CEO)
http://www.publicceo.com/2017/01/government-policy-hurts-pensions-low-interest/

Study: Two-thirds of teachers are ‘pension losers’ (Redlands Daily Facts)
http://www.redlandsdailyfacts.com/opinion/20170130/study-two-thirds-of-teachers-are-pension-losers

Marin pension reformers get extra muscle for Supreme Court battle (Marin Independent Journal)
http://www.marinij.com/government-and-politics/20170123/marin-pension-reformers-get-extra-muscle-for-supreme-court-battle

National Stories

Legislature sends pension forfeiture amendment to voters (Albany Times Union)
http://www.timesunion.com/local/article/Legislature-sends-pension-forfeiture-amendment-to-10895037.php

Branstad: Task force will review future of IPERS’ pensions (Des Moines Register)
http://www.desmoinesregister.com/story/news/politics/2017/01/30/branstad-task-force-review-future-ipers-pensions/97244280/

Unions vow to fight Lansing on public pensions, health care (Bridge Michigan)
http://www.bridgemi.com/business-bridge/unions-vow-fight-lansing-public-pensions-health-care

Hogan proposes 401(k)-style retirement savings plan for Md. state employees (Washington Post)
https://www.washingtonpost.com/local/md-politics/hogan-proposes-401k-retirement-savings-plan-for-state-employees/2017/01/30/6d3de0a6-e717-11e6-bf6f-301b6b443624_story.html?utm_term=.c9c93196f734

Interest payments on Illinois’ unpaid bills add to vast cost of budget impasse (Chicago Tribune)
http://www.chicagotribune.com/news/local/politics/ct-illinois-budget-impasse-cost-met-20170129-story.html

INSTEAD OF TAX HIKES, ELIMINATE THE SICK-DAY PERK DRIVING UP PENSION COSTS (Illinois Policy)
https://www.illinoispolicy.org/instead-of-tax-hikes-eliminate-the-sick-day-perk-driving-up-pension-costs/

January 30, 2017

California Stories

Editorial: How a budget compromise could help the state on pensions (San Francisco Chronicle)
http://www.sfchronicle.com/opinion/editorials/article/How-a-budget-compromise-could-help-the-state-on-10888011.php

Judge confirms San Bernardino, California’s plan to exit bankruptcy (Reuters)
http://www.reuters.com/article/us-sanbernardino-bankruptcy-idUSKBN15B2FQ

OPINION City bankruptcies should be a state responsibility (OC Register)
http://www.ocregister.com/articles/entered-742396-bernardino-similar.html

OPINION Newport deal shows how pensions are rigged against taxpayers (OC Register)
http://www.ocregister.com/articles/former-742394-chief-police.html

David Crane: Big Changes In California’s Spending (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/01/big-changes-californias-spending-2/

Government policy hurts pensions: low interest (Calpensions)
https://calpensions.com/2017/01/30/government-policy-hurts-pensions-low-interest/

National Stories

A leak in the pension dam (American Thinker)
http://www.americanthinker.com/blog/2017/01/a_leak_in_the_pension_dam.html

STATE OF THE STANDOFF: In budget inaction, Illinois has no peer (Journal Gazette)
http://jg-tc.com/news/state-of-the-standoff-in-budget-inaction-illinois-has-no/article_82dbecb6-fc57-52d4-be0c-f8f27c02a3b9.html

Subcommittee endorses new retirement option for Va. public employees (Richmond Times-Dispatch)
http://www.richmond.com/news/virginia/government-politics/article_25c2f652-388b-57e3-9ac7-0abeb8ccbf95.html

Looming pension liabilities threaten local governments (Sierra Vista Herald)
http://www.svherald.com/news/looming-pension-liabilities-threaten-local-governments/article_b7790442-e5d3-11e6-9082-c78f3ad18c90.html

January 27, 2017

California Stories

Teacher pension fund less optimistic about returns, likely to ask taxpayers for more money (Sacramento Bee)
http://www.sacbee.com/news/business/article128942009.html#storylink=cpy

El Monte’s mayor wants to end bonus pensions costing millions but his hands are tied (LA Times)
http://www.latimes.com/projects/la-me-el-monte-mayor/

To pension reformers, California’s only hope is a friendly Supreme Court ruling (NorCal Record)
http://norcalrecord.com/stories/511075769-to-pension-reformers-california-s-only-hope-is-a-friendly-supreme-court-ruling

The Rising Costs of Retiree Benefits Could Impact Salaries (Livermore Independent)
http://www.independentnews.com/news/the-rising-costs-of-retiree-benefits-could-impact-salaries/article_64b8c58c-e360-11e6-a2a8-3f990a7ecde6.html

CalSTRS’ actuarial staff recommends lowering assumed rate of return to 7.25% (Pensions & Investments)
http://www.pionline.com/article/20170126/ONLINE/170129885/calstrs-actuarial-staff-recommends-lowering-assumed-rate-of-return-to-725

National Stories

Dallas pension fund fight moves to Austin (KHOU)
http://www.khou.com/news/local/texas/dallas-pension-fund-fight-moves-to-austin/393802002

After Mediation Fails, Dallas Police Pension Fight Heads Back to Austin (Dallas Observer)
http://www.dallasobserver.com/news/after-mediation-fails-dallas-police-pension-fight-heads-back-to-austin-9126203

Blue States, Here Comes The Pain (Hartford Courant)
http://www.courant.com/opinion/op-ed/hc-op-blue-states-pain-coming-20170126-story.html

Public pension debate returns to Oregon Legislature (Eugene Register Guard)
http://registerguard.com/rg/news/local/35169216-75/public-pension-debate-returns-to-oregon-legislature.html.csp

Judge: Nevada Must Release Pension Recipients’ Names (Governing)
http://www.governing.com/topics/mgmt/tns-pension-nevada-judge.html

January 26, 2017

California Stories

California’s retiree healthcare liability grows to almost $77 billion (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article128736099.html

CalSTRS to consider lowering expected return rate (Reuters)
http://www.reuters.com/article/california-calstrs-rate-idUSL1N1FG06A

Joe Mathews: Meet Grandma Oops: California needs her unapologetic pruning (Fresno Bee)
http://www.fresnobee.com/opinion/opn-columns-blogs/article128783194.html

As Trump Advances Pipelines, Oakland Councilmember Rebecca Kaplan Calls on CalPERS to Divest (East Bay Express)
http://www.eastbayexpress.com/SevenDays/archives/2017/01/24/as-trump-advances-pipelines-oakland-councilmember-rebecca-kaplan-calls-on-calpers-to-divest

El Monte mayor struggles to eliminate bonus pensions (LA Times)
http://www.latimes.com/local/lanow/la-me-adv-elmontepensions-20170119-story.html

OPINION: Bustamante wants pension paid in full (OC Register)
http://www.ocregister.com/articles/county-742132-bustamante-public.html

National Stories

City offers pension concessions; police union wants body-camera rules (Florida Times-Union)
http://jacksonville.com/news/2017-01-24/city-offers-pension-concessions-police-union-wants-body-camera-rules

2016 INVESTMENT RETURNS FOR PUBLIC-EMPLOYEE PENSION UP 7%, MUCH BETTER THAN IN 2015 (NJ Spotlight)
http://www.njspotlight.com/stories/17/01/25/2016-investment-returns-for-public-employee-pension-up-7-much-better-than-in-2015/