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)

National Stories


Candidates talk budget efficiency, public safety pension fee (Danville Commercial NEws (Ill.)

Pa. House committee advances expanded public employee pension forfeiture bill (Pennsylvania Capital-Star)

Op-ed: KY120: “Lines in the Sand” (Forward Kentucky)

March 12, 2019

California Stories

New pension-cut rulings begin with little change (Fox & Hounds)

Appeals court debates possible resolutions to San Diego pension case (San Diego Union Tribune)

Courts tackle San Diego pension reform initiative (10 News San Diego)

Rating agencies weigh in on California pension ruling (Bond Buyer)

Personal data for 1,000 pensioners accessed from OC Sanitation District (OC Register)


National Stories

Civic Federation outlines financial challenges confronting next mayor (Chicago Sun-Times)

Chicago Mayor’s Race: Pensions (CBS Chicago)

Letter: A graduated income tax should be tied to pension reform (Chicago Sun-Times)

Op-ed: Dangerous bill would hide names of government pension recipients (Reno Gazette-Journal)

House-approved pension bill stabilizes costs for WKU (College Heights Herald)

March 11, 2019

California Stories

Jon Coupal: What the pension ruling means for California’s taxpayers (OC Register)

Marin Voice: Pension reformers pleased with state court’s pension ruling (Marin Independent Journal)

Joel Fox: LAUSD’s rushed parcel tax threatens local businesses (LA Daily News)

California and other state pensions fought guns and tobacco. Why aren’t they divesting from opioids? (Bloomberg)

National Stories

Shortfalls in Funding State Government Employee Pensions (Independent Institute)

Sweeney: More health care savings possible than in Murphy’s budget (Burlington County Times)

Pension payments to hold steady for most retired public employees in the WRS, state officials say (Wisconsin State Journal)

Opinion Spotlight: Revolt of the taxpayers? (Peoria Journal-Star)

COMMENTARY: Blame government unions, not illegals, for financial woes (Las Vegas Review-Journal)

March 8, 2019

California Stories

2 California workers banked $400,000 for unused vacation (AP)

Tax critics calling for pension reform after retired state worker gets $400,000 for unused vacation (ABC 7)$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)

Senator John M. W. Moorlach reacts to California Supreme Court pension decision (OC Breeze)

State union contracts are expiring. Gavin Newsom is picking a new bargaining team (Sacramento Bee)

Dublin Teachers’ Contract Dispute In Mediation (Patch)

National Stories

Union watchdogs don’t bark on pension funding (Crain’s Chicago Business)

Opinion | Why does ‘fixing’ Michigan pensions stick it to workers? (Bridge)

Update: Wyoming Retirement System Director Retiring (Chief Investment Officer)

March 7, 2019

California Stories

Editorial: California’s Supreme Court takes cautious steps on public employee pensions (LA Times)

OPINION Wanna get rich? Be a cop in California (Washington Post)

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

Rising Tide of Pension Costs Threatens Government Services: is “Underwater” Unavoidable? (Climate Online Redwood City)

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

March 6, 2019

WATCH: What this labor leader says about court decision allowing cuts to state worker retirement perks (Sacramento Bee)

California Stories

Editorial: California’s high court upholds a pension reform but sidesteps a bigger challenge (SF Chronicle)

Dan Walters: State Supreme Court Ducks Key Pension Issue (CalMatters)

Borenstein: Supreme Court punts on pension rule; Newsom ducks (San Jose Mercury News)

Dick Spotswood: We will be paying unfunded pension liabilities for many years (Marin Independent Journal)

Legislature Validly Halted Sales of Public Employee Service Credits (Metropolitan News-Enterprise)

National Stories

N.J. governor pushes for higher contribution to state pension fund (Pensions & Investments)

Paradise Valley continues to explore alternative measures to cover PSPRS obligations (Paradise Valley Independent)

March 5, 2019

California Stories

What does the California Supreme Court pension ruling mean for you? (Sacramento Bee)

California Supreme Court curbs a pension benefit but preserves ‘California Rule’ (LA Times)

California public employees’ pension perks can be taken away, court rules (Sacramento Bee)

Everyone is saying they just won a big court case on pensions. What does that mean for you? (CalMatters)

Joel Fox: An Initiative is the Way to Bring Sense to the “California Rule” (Fox & Hounds)

Supreme Court upholds piece of former Gov. Jerry Brown’s pension reform law (SoCal News Group)

OPINION California Supreme Court rejects a benefit, punts on larger pension question (SoCal News Group)

California Supreme Court stops short of allowing school districts to modify existing pensions (EdSource)

California Supreme Court Upholds Pension Rollback (AP)

California Pension Ruling Skips Test of Constitutional Protections (Reuters)

New data detail soaring costs of California school pensions (EdSource)

March 4, 2019

California Stories

California justices to rule on closely watched pension suit (AP)

California Supreme Court to decide whether government can cut pensions (LA Times)

CalPERS can’t get enough of its top-earning asset (Calpensions)

Novato selects group to establish pension trust fund (Marin Independent Journal)

Op-ed: An Agenda to Make California’s GOP Relevant Again (Fox & Hounds)

If all goes well, Ventura’s pension debt should level off in 30 years (Ventura County Star)

Oxnard begins the conversation: How to tackle growing pension liabilities? (Ventura County Star)

Impact on Marin County of public pensions, development, California politics the focus of March 27 event (North Bay Business Journal)

Exclusive: CalPERS Aims to Advance Private Equity Plan (Chief Investment Officer)

More plans want a place at co-investment table (Pensions & Investments)

Edison International to power up $141 million in pension contributions (Pensions & Investments)

National Stories

Five questions in advance of Gov. Murphy’s budget address (Burlington County Times)

Bill to make names, pensions of retired employees public (Las Vegas Now)

Pension secrecy bill gets hearing before Nevada Senate committee (Las Vegas Review-Journal)

COMMENTARY: Collective bargaining for state government workers would bust the budget (Las Vegas Review-Journal)

Fort Worth Declares Pension Problem ‘Solved’ (Chief Investment Officer)

These 2 Senators Don’t Want Taxpayers Paying for ‘Plush’ Pensions for Wealthy Lawmakers (The Daily Signal)

Texas voters would protect public pensions under a new bill filed by Rep. Canales (Fox South Texas)

Illinois’ Really Bad Idea (Independent Institute)

February 28, 2019

National Stories

Why did Kentucky teachers call a sickout over the latest pension bill? (Louisville Courier Journal)

Panel approves 2 percent cost of living hike for pension system participants (News OK)

SOA’s longevity tables show public pension participants living longer than those in private-sector (Benefits Pro)

February 27, 2019

National Stories

Warren Buffett discusses ‘disaster’ contributing to Bay Area exodus in CNBC interview (SF Business Journal)

Don’t Worry, Illinois—Be Happy: Governor Jay Pritzker’s budget avoids all the hard fiscal choices that the state must make. (City Journal)

How the Daley dynasty could return to power in Chicago (ABC 7)

WV House passes bills to create $150 million PEIA reserve fund (Charleston Gazette-Mail)

Pensions May Sell $26 Billion in Stocks by Thursday: Wells Fargo (Bloomberg)

February 26, 2019

California Stories

LA Mayor Endorses Continuation of Lucrative DROP Program for Cops, Firefighters (NBC LA)

Tough times greet new CalPERS CIO (Top 1000 Funds)

CalPERS CIO Says Pension Plan Must Create New Private Equity Organization (Chief Investment Officer)

National Stories

New CIOs, Possible Teachers Pension Overhaul for Kentucky (Chief Investment Officer)

PERS Q & A: Can’t Oregon’s troubled pension system just file for bankruptcy? (The Oregonian)

February 25, 2019

California Stories

Texas and California Pensions Team Up With Buyout Firms for More Deals (Bloomberg)

Op-ed: CalPERS sank millions into National Enquirer? That’s a financial crime, not a political one

State Sen. John Moorlach on Police Oversight, Pensions & California’s Fiscal Solvency (Voice of OC)

National Stories

Are Illinois Public Retirement Systems Pension Funds Or Pyramid Schemes? (Forbes)


February 22, 2019

California Stories

National Enquirer’s biggest investors include California taxpayers and state workers (LA Times)

10 Most Overpaid CEOs (24/7 Wall Street)

Pension funds getting more involved with CEO pay – report (Pensions & Investments)

CalPERS’ board adopts new compensation package (Pensions & Investments)

National Stories

New Mexico PERA Gets a Task Force (Chief Investment Officer)

Kentucky state lawmakers place their bets on sports gambling (AP)

The harm done by the “pension crisis” narrative (Capitol Fax)

Public pension fund managers want in on infrastructure (The Bond Buyer)

Illinois Cops Turned $850 Into a $20,000 Pension Boost (Reason)

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)

City plans to use sales tax revenue for pensions (Bakersfield Now)

Soured Pension Investments Spark Lawsuit Against Ex-Newspaper Owners (Wall Street Journal)

National Stories

Should Congress Continue To Receive Pensions and Perks? (Citizen Truth)

Column: Funny business: Another exec is unchecked? (News Tribune (Ill.)

February 20, 2019

California Stories

Public pension plan investment performance continues to lag the financial markets (Lamorinda Weekly)

National Stories

Lamont Seeks Giveback From Future State Retirees (Connecticut Public Radio)

Tourism, courts, pensions, oil tax credits: Where Alaska Gov. Dunleavy wants to spend more cash (Alaska Public Media)

Lawmaker aims to change pension forfeiture rules (ABC 27 (Penn.)

February 19, 2019

California Stories

OPINION Sunshine needed on California’s disability-enhanced pensions (Pasadena Star News)

$12 million in Measure N funds to go towards general fund reserves, will help pay down pension costs (KGET)

Budget for Foster City looks good Councilmembers agree to allocate some surplus funding to pensions (The Daily Journal)

LAPD commander under investigation was allowed to join controversial retirement plan (LA Times)

Councilman Ron Morrison forgoes pay, benefits from city, starts to collect pension (San Diego Union Tribune)

National Stories

Public worker pensions are a huge cost for N.J. Here’s what Phil Murphy is considering to pay for them. (

Public employee unions plan pushback at Sweeney town hall in Burlington County (Burlington County Times)


Public plans surf wave of reforms in aftermath of crisis (Pensions & Investments)

More plans looking to hang on to assets of departing workers (Pensions & Investments)

Public pension assets plummet in 2018 Q4, experiencing largest quarterly losses in two years

Editorial | Addressing the pension mess (The News-Gazette (Ill.)

Brazil Lawmakers to Consider Minimum Retirement Age (Chief Investment Officer)


February 15, 2018

National Stories

Gov. J.B. Pritzker’s administration considering selling state buildings and land to pay for pensions (Chicago Tribune)

Public Pension Plan Sponsors Struggle to Contribute Sufficiently to Plans (Plan Sponsor)

February 14, 2019

California Stories

CalPERS posts net return of -3.5% for 2018 (Pensions & Investments)

Whittier may ask voters to increase the local sales tax (Whittier Daily News)

CalPERS Continues to Make New Private Equity Commitments (Chief Investment Officer)

National Stories

Adopt Sweeney’s reforms to secure N.J. pensions | Feedback (

‘Double dipping,’ popular but controversial (Laconia Daily Sun (N.H.)

February 13, 2019

California Stories

Borenstein: CalPERS’ flawed forecasting increases pension debt (San Jose Mercury News)

National Stories

Mississippi tweaking pension rule for elected officials (Delta Democrat-Times)

KPERS’ retirees urge House panel to embrace $185 million cost-of-living adjustments (Garden City Telegram)


February 12, 2019

California Stories

A Large Equity Drawdown Would Cause Major Problems for CalPERS (Chief Investment Officer)

Moorlach: The Real State of the State: California 2019 (California Globe)

National Stories

KPERS’ retirees urge Kansas House panel to embrace $185 million cost-of-living adjustment (Salina Journal)

February 11, 2019

California Stories

CalPERS sued to identify retirees with disability (Calpensions)

National Stories

Public Pension Plans Funding Grows in 2018, Assumed Return Rates Dip (Chief Investment Officer)

Public Pensions Report Strong 2018 Returns (Plan Sponsor)

Editorial: In pension crisis, time is not on our side (Crain’s Chicago Business)

Joe DeLong: Pensions will sink Connecticut (News Times)

WATERS: Pension-reform reset a win-win (Richmond Register)

Editorial: Power grab for public unions (Providence Journal)

Opinion: Corporate boardrooms need policy ‘rules of the road’ (Roll Call)

February 7, 2019

California Stories

CalSTRS 2018 Calendar Year Results Are in Negative Territory (Chief Investment Officer)

National Stories

Public Pension Losses Last Quarter Compound Funding Challenges (Bloomberg)

Ex-Gov. Christie: State Headed to Crisis Over Pension, Health Benefits (Tap into New Brunswick)

Mayors lay out plan to consolidate local pension funds (Capital News Illinois)

Could Louisville residents see tax increase this year? (WLKY)

Senate advances bill to raise minimum pensions for public school/state retirees (Charleston Gazette-Mail (W.V.)

Senators press asset managers for details on managing deforestation risks (Pensions & Investments)

Proposed bill: No pensions for public employees convicted of work-related crimes (The Daily Item (Penn.)

February 5, 2019

California Stories

CalPERS is strong — but challenges remain (Capitol Weekly)

California’s public pensions are worse off than we thought (Cal Matters)

Will Businesses Pay Unfunded Pension Debt? (Fox & Hounds)

Report: Riverside County’s Unfunded Pension Liabilities Rise (Patch)

National Stories

Atlanta City Council passes reform to employee bonuses process (Atlanta Journal Constitution)–politics/atlanta-city-council-passes-reform-employee-bonuses-process/tKTm5tFqiHFYU09UbpH1EO/

New Jersey pension system paid out $670M for fees, bonuses in FY18 (Politico)

Lawmakers who commit crimes would lose pensions under bill approved by Pa. Senate (Penn Live)

February 4, 2019

California Stories

What delaying a big rate increase cost CalSTRS (Calpensions)

Dan Walters: Could California pension system be underwater? (Cal Matters)

Op-ed: Oakland public schools have great needs but inadequate funds (SF Chronicle)

Analyzing Health Care Financing–Part 2 (Fox & Hounds)

Stockton ranked among top fiscally healthy cities (Stockton Record)

New CalPERS CIO ready to make ‘nimble, dynamic’ investing shifts (Pensions & Investments)


National Stories

Largest funds top $11 trillion; assets up 6.4% (Pensions & Investments)

Funds turn back clock in return to active equity (Pensions & Investments)

Private equity, real assets make gains with funds wanting safety (Pensions & Investments)

Solving state pension woes top priority, legislators say (Messenger Inquirer (Kent.)

Dan Sparks: Securing firm footing for Austin firefighters (Austin Daily Herald)

City council, union talk pensions (The Mining Journal (Mich.)

February 1, 2019

California Stories

California pension funds losing tens of millions of dollars on PG&E (Sacramento Bee)

This Giant Pension Sold All Its PG&E Stock Before the January Collapse (Barron’s)

CalSTRS votes to oppose statewide ban on public funds’ investments in private prisons (Pensions & Investments)

National Stories

Op-ed: Legislative inaction could lead to bankruptcy for small cities (Arizona Capital Times)

State rep. pushes bill to end lawmaker pensions (Daily Chronicle)

DiSanto Pension Forfeiture bill advances key committee vote (Penn Business Report)