October 13, 2017

California Stories

California cities get next year’s pension bill. ‘It’s not sustainable,’ Sacramento official says (Sacramento Bee)
http://www.sacbee.com/news/investigations/the-public-eye/article178561476.html

Ballooning pension costs mean LAUSD and other California school districts are headed for cuts, Stanford study says (LA School Report)
http://laschoolreport.com/ballooning-pension-costs-mean-lausd-and-other-california-school-districts-are-headed-for-cuts-stanford-study-says/

City service reductions, school cuts loom as the state pension crisis hits SLO County (SLO New Times)
https://www.newtimesslo.com/sanluisobispo/pension-tension/Content?oid=3561445

National Stories

Kentucky Retirees Grow as Special Pension Session Is Pushed Backc (Chief Investment Officer)
https://www.ai-cio.com/news/kentucky-retirees-grow-special-pension-session-pushed-backc/

Kentucky pension crisis: More public employees are retiring as Gov. Bevin works on reform (Kentucky New Era)
http://www.kentuckynewera.com/news/ap/article_440a2aae-aee1-11e7-b116-67577aa6b239.html

LASERS TARGETS ALTERNATIVES (Top 1000 Funds)
https://www.top1000funds.com/profile/2017/10/13/lasers-targets-alternatives/

Upstate lawyer middle man for veteran pension scheme, says lawsuit (WSPA)
http://wspa.com/2017/10/12/upstate-lawyer-middle-man-for-veteran-pension-scheme-says-lawsuit/

October 12, 2017

California Stories

Pensions vs. Split Roll (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/10/pensions-vs-split-roll/

No Coercing State to Reform Pension Funds (American Spectator)
https://spectator.org/no-coercing-state-to-reform-pension-funds/

City service reductions, school cuts loom as the state pension crisis hits SLO County (SLO New Times)
https://www.newtimesslo.com/sanluisobispo/pension-tension/Content?oid=3561445

Forget the scary pension future; study confirms the crisis is hitting now (R Street)
http://www.rstreet.org/op-ed/forget-the-scary-pension-future-study-confirms-the-crisis-is-hitting-now/

National Stories

Illinois Issues: Land of Lincoln, New Jersey Compete For Worst Fiscal Condition (NPR Illinois)
http://nprillinois.org/post/illinois-issues-land-lincoln-new-jersey-compete-worst-fiscal-condition#stream/0

Kentucky’s pension crisis threatens state funding (WLKY)
http://www.wlky.com/article/kentuckys-pension-crisis-threatens-state-funding/12832357

How to fund teacher pensions, improve education without new taxes (Journal Inquirer (Connecticut)
http://www.journalinquirer.com/public/how-to-fund-teacher-pensions-improve-education-without-new-taxes/article_854bbe4a-ae84-11e7-a69d-db17a4c06bfd.html

Vote ‘yes’ to yank pensions from corrupt politicians: Editorial (Poughkeepsie Journal)
http://www.poughkeepsiejournal.com/story/opinion/editorials/2017/10/11/vote-yes-yank-pensions-corrupt-politicians-editorial/753640001/

St. Joseph’s Employees Protest Pension Benefit Cuts (Rhode Island Public Radio)
http://ripr.org/post/st-josephs-employees-protest-pension-benefit-cuts#stream/0

Pennsylvania Public School Employees returns 10.14% for fiscal year (Pensions & Investments)
http://www.pionline.com/article/20171011/ONLINE/171019964/pennsylvania-public-school-employees-returns-1014-for-fiscal-year

Iowa pension puts managers on chopping block (Institutional Investor)
https://www.institutionalinvestor.com/article/b153vqvks31grf/iowa-pension-puts-managers-on-chopping-block

October 11, 2017

California Stories

Tax board leader urged quick hiring to get state workers better pensions (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article178073666.html

Councilman asks city to meet with Vacaville employees about benefits (Fairfield Daily Republic)
http://www.dailyrepublic.com/solano-news/vacaville/councilman-asks-city-to-meet-with-vacaville-employees-about-benefits/

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)
http://www.dailyrepublic.com/solano-news/fairfield/vacaville-faces-13-3m-cost-for-lowered-return-on-state-pension-investments/

California Treasurer Urges CalSTRS to Drop Gun Sellers (Chief Investment Officer)
https://www.ai-cio.com/news/california-treasurer-urges-calstrs-drop-gun-sellers/

National Stories

Public Pensions – Biggest Financial Crisis Since The Great Depression? (Seeking Alpha)
https://seekingalpha.com/article/4112789-public-pensions-biggest-financial-crisis-since-great-depression

PERA reforms explained: What’s at stake in Colorado’s $32 billion pension problem (Denver Post)
http://www.denverpost.com/2017/10/10/pera-reforms-explained-colorado-32-billion-pension-problem/

GOP lawmakers spend hours debating pension reform. Public workers still in the dark. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article178117036.html

OP-ED On pensions, Kentucky should heed W. Virginia’s hard-learned lessons (Lexington Herald Leader)
http://www.kentucky.com/opinion/op-ed/article178123441.html

Commentary: Myth-busting the pension debate (Insider Louisville)
https://insiderlouisville.com/metro/commentary-myth-busting-the-pension-debate/

October 10, 2017

California Stories

New Stanford University Study Reveals California Pension Crisis is Bad Now, But Likely to Get A Lot Worse (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/10/new-stanford-university-study-reveals-california-pension-crisis-is-bad-now-but-likely-to-get-a-lot-worse/

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)
http://www.dailyrepublic.com/solano-news/fairfield/vacaville-faces-13-3m-cost-for-lowered-return-on-state-pension-investments/

University of California hands out massive pensions, hits students with higher tuition (The College Fix)
https://www.thecollegefix.com/post/37682/

Lack of Funding for UC Pensions May Prompt Tuition Increase (UCSD Guardian)
http://ucsdguardian.org/2017/10/09/lack-of-funding-for-uc-pensions-may-prompt-tuition-increase/

National Stories

Will the Supreme Court Unravel Public Employee Unions? (The Atlantic)
https://www.theatlantic.com/politics/archive/2017/10/will-the-supreme-court-unravel-public-employee-unions/542382/

Worried about possible retirement changes? 3 pieces of advice from a federal financial planner (Federal News Radio)
https://federalnewsradio.com/your-money/2017/10/worried-about-possible-retirement-changes-3-pieces-of-advice-from-a-federal-financial-planner/

Florida pension numbers increase state budget pressure (Herald-Tribune)
http://www.heraldtribune.com/news/20171009/pension-numbers-increase-state-budget-pressure

The Ticking Time Bomb Faced by Next NJ Governor (WNYC)
http://www.wnyc.org/story/ticking-time-bomb-faced-next-nj-governor/

Murphy’s a Corzine accident waiting to happen; Big promises to all but N.J. homeowners (NJ.com)
http://www.nj.com/opinion/index.ssf/2017/10/murphys_a_corzine_accident_waiting_to_happen_feedb.html

Vote No on Constitutional Convention (The Island Now)
https://theislandnow.com/blog-112/vote-no-constitutional-convention/

New Mexico state pension funds expected to fall short of 2013 goals (AP)
http://www.santafenewmexican.com/news/local_news/state-pension-funds-expected-to-fall-short-of-goals/article_76200edb-3f5a-595b-a9df-4f69323175bb.html

Morning Word: State Pensions in Trouble (Santa Fe Reporter)
http://www.sfreporter.com/santafe/article-14035-morning-word-state-pensions-in-trouble.html

Hospital Workers’ Pension Plan On Life Support (Rhode Island Public Radio)
http://ripr.org/post/hospital-workers-pension-plan-life-support#stream/0

Corporate DC matching ‘penalizes the poor,’ keynote speaker says (Pensions & Investments)
http://www.pionline.com/article/20171009/ONLINE/171009833/corporate-dc-matching-penalizes-the-poor-pampi-keynote-speaker-says

Keshav Tadimeti: UC tuition increase will fund faculty pensions, but with good reason (Daily Bruin)
http://dailybruin.com/2017/10/10/uc-tuition-increase-will-fund-faculty-pensions-but-with-good-reason/

October 9, 2017

California Stories

Underfunded Pensions Could Spark Wave Of ‘Precedent Setting’ Reforms (Value Walk)
https://www.valuewalk.com/2017/10/underfunded-pensions/

Gullixson: How a 40-year-old bill is key to this local pension lawsuit (Santa Rosa Press Telegram)
http://www.pressdemocrat.com/opinion/7502845-181/gullixson-how-a-40-year-old-bill

How pension costs reduce government services (Calpensions)
https://calpensions.com/2017/10/09/how-pension-costs-reduce-government-services/

SLO’s more than $148 million in unfunded liabilities (Cal Coast News)
https://calcoastnews.com/2017/10/slos-148-million-unfunded-liabilities/

Treasurer John Chiang calls on state pension funds to divest from retailers who sell guns banned in California (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-state-treasurer-john-chiang-calls-on-1507321798-htmlstory.html

California treasurer presses CalSTRS fund to divest more of its gun-related holdings (CNBC)
https://www.cnbc.com/2017/10/06/california-treasurer-chiang-wants-calstrs-to-sell-gun-related-holdings.html

National Stories

NY ballot measure would strip pensions from corrupt lawmakers (AP)
http://www.newsobserver.com/news/business/article177728076.html

Guest column: Drastic reforms for better teacher pensions could help Louisiana schools financially (The Advocate)
http://www.theadvocate.com/baton_rouge/opinion/article_d8cfb6b8-a7a7-11e7-94eb-177d15b36fad.html

Public employees, retirees and taxpayers should welcome pension reform (Kentucky Today)
http://kentuckytoday.com/stories/public-employees-retirees-and-taxpayers-should-welcome-pension-reform,9535

Interview: The Billionaire Battle Plan (Labor Notes)
http://labornotes.org/2017/10/billionaire-battle-plan

 October 6, 2017

California Stories

In California, rising pension tide leaves services underwater (The Bond Buyer)
https://www.bondbuyer.com/news/in-california-higher-calpers-funding-requirements-leave-many-cities-struggling-to-fund-services

Like Schools, Parks, Social Programs? Too Bad, Because Retirees Get Paid First (Reason)
http://reason.com/blog/2017/10/05/pension-costs-are-forcing-cities-to-cut

City pays $4 million to cover pension gap (Moorpark Acorn)
https://www.mpacorn.com/articles/city-pays-4-million-to-cover-pension-gap/

City employees forgo raises (Simi Valley Acorn)
https://www.simivalleyacorn.com/articles/city-employees-forgo-raises/

National Stories

American public pensions suffer from a gaping hole (The Economist)
https://www.economist.com/news/finance-and-economics/21730031-providing-workers-retirement-crowding-out-other-spending-american-public

States Hand Out Corporate Subsidies As Their Pensions Suffer (International Business Times)
http://www.ibtimes.com/political-capital/states-hand-out-corporate-subsidies-their-pensions-suffer-2597942

Battling budgeteers meet, disperse, caucus (Connecticut Post)
http://www.ctpost.com/local/article/Battling-budgeteers-meet-disperse-meet-again-12255848.php

October 5, 2017

California Stories

Pension costs ‘crowding out’ spending on parks, schools and social services, report says (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article176849926.html

National Stories

Our editorial: Uphold the rights of public workers (The Detroit News)