April 20, 2018

California Stories

California Pension Bills Are Sensible Fixes, but They Have Little Chance of Passing (Reason)
https://reason.com/archives/2018/04/20/california-pension-bills-are-sensible-fi

UC Workers Vote To Strike, Call For Boycott (Patch)
https://patch.com/california/centurycity/uc-workers-vote-strike-call-boycott

National Stories

Pension Reform Hurts Public Sector Competitiveness (Chief Investment Officer)
https://www.ai-cio.com/news/pension-reform-hurts-public-sector-competitiveness/

Texas teachers’ pay is average. But their pensions are among the lowest in the country. (Texas Tribune)
https://www.texastribune.org/2018/04/20/texas-teachers-employee-benefits-dead-last-retirement-funding/

EDITORIAL A wrong turn on PERA reform (Denver Post)
https://www.denverpost.com/2018/04/18/a-wrong-turn-on-pera-reform/

KY Retirement Systems won’t join lawsuit alleging pensions were cheated on hedge funds (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article209361669.html

Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are (Plan Sponsor)
https://www.plansponsor.com/hearing-witnesses-lay-multiemployer-pensions-got/

April 19, 2018

California Stories

Pension Costs a Looming Challenge as Santa Barbara Council Ponders 2019 Budget (Noozhawk)
https://www.noozhawk.com/article/pension_costs_growing_problem_santa_barbaras_2019_budget

SLO council approves plan to slash budget by $8.9 million to pay for rising pensions (SLO Tribune)
http://www.sanluisobispo.com/news/local/article209266129.html

Ending secrecy (Chico News & Review)
https://www.newsreview.com/chico/ending-secrecy/content?oid=26134506

Santa Maria City Council approves agreement for contract extension with police management, public safety officers (Santa Maria Times)
http://santamariatimes.com/news/local/santa-maria-city-council-approves-agreement-for-contract-extension-with/article_0f32f1c3-2885-5bd3-8211-a63bafe25a73.html

CalPERS’ funded status flat in past fiscal year; increases state contributions (Pensions & Investments)
http://www.pionline.com/article/20180419/ONLINE/180419814/calpers-funded-status-flat-in-past-fiscal-year-increases-state-contributions

National Stories

Op-ed: Rosy numbers may be hiding Hawaii’s unfunded pension liabilities (The Hill)
http://thehill.com/opinion/finance/383748-rosy-numbers-may-be-hiding-hawaiis-unfunded-pension-liabilities

April 18, 2018

California Stories

California’s largest pension fund sends next year’s invoice to state government: $6.3 billion (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-s-largest-pension-fund-sends-1523991989-htmlstory.html

National Stories

Study Finds Different Paths for Corporate and Public Pensions (Plan Sponsor)
https://www.plansponsor.com/study-finds-different-paths-corporate-public-pensions/

TAX DAY: WHERE DO ILLINOISANS’ STATE TAX DOLLARS GO? (Illinois Policy)
https://www.illinoispolicy.org/tax-day-where-do-illinoisans-state-tax-dollars-go/

State employee contracts can nullify state law (Journal Inquirer (Conn.)
http://www.journalinquirer.com/public/state-employee-contracts-can-nullify-state-law/article_701b82c0-42a0-11e8-b786-03688113e22d.html

April 17, 2018

California Stories

Questions about new CalPERS CFO’s background and experience should be taken seriously by the pension fund (LA Times)
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-asubonten-calpers-20180416-story.html

Los Angeles Schools Facing $15 Billion Debt for Retiree Health Care (Reason)
https://reason.com/blog/2018/04/16/los-angeles-schools-facing-15-billion-de

Council to discuss pension contributions (Chico Enterprise Record)
http://www.chicoer.com/article/NA/20180415/NEWS/180419829

CHICO PD EMPLOYEES TO PAY MORE INTO OWN PENSIONS (Action News Now)
http://www.actionnewsnow.com/content/news/Chico-PD-employees-to-pay-more-into-own-pensions-479900653.html

CalPERS managing investment director of fixed income to retire (Reuters)
https://www.reuters.com/article/california-calpers/update-1-calpers-managing-investment-director-of-fixed-income-to-retire-idUSL1N1RT20H

Top CalPERS Official to Retire (Chief Investment Officer)
https://www.ai-cio.com/news/top-calpers-official-retire/

CalPERS managing investment director of fixed income to retire (Pensions & Investments)
http://www.pionline.com/article/20180416/ONLINE/180419860/calpers-managing-investment-director-of-fixed-income-to-retire

CalPERS buys boatload of Bridgepoint stock (San Diego Reader)
https://www.sandiegoreader.com/news/2018/apr/16/ticker-calpers-buys-boatload-bridgepoint-stock/#

National Stories

The Mirage of Pension-Fund Activism (Jacobin Magazine)
https://www.jacobinmag.com/2018/04/pension-fund-activism-working-class-shareholder-review

Kentucky’s Teachers Embrace a Broken Pension System (National Review)
https://www.nationalreview.com/2018/04/kentucky-teachers-defend-broken-pension-system/

The New York Times spotlights Oregon PERS: 5 insider facts to know (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2018/04/national_spotlight_cast_on_per.html

Colorado Democrats offer counter proposal to shore up pension (AP)
http://www.sacbee.com/news/business/article209068674.html

Capitol Conversation: Major Items Still Undecided (KUNC (Colo.)
http://www.kunc.org/post/capitol-conversation-major-items-still-undecided

Paradise Valley budget talks illustrate a municipality in full bloom (Paradise Valley Independent)
https://paradisevalleyindependent.com/news/paradise-valley-budget-talks-illustrate-a-municipality-in-full-bloom/

Scottsdale employees to see up-tick to monthly healthcare premiums (Scottsdale Independent)
https://www.scottsdaleindependent.com/news/scottsdale-employees-to-see-up-tick-to-monthly-healthcare-premiums/

City leaders: Providence pension payments a ‘recipe for disaster’ (WPRI)
http://www.wpri.com/news/local-news/city-leaders-providence-pension-payments-a-recipe-for-disaster/1126048843

April 16, 2018

California Stories

CalPERS faces steep climb to rebuild its funding (Calpensions)
https://calpensions.com/2018/04/16/calpers-faces-steep-climb-to-rebuild-its-funding/

CalPERS hires new chief operating investment officer (Pensions & Investments)
http://www.pionline.com/article/20180413/ONLINE/180419902/calpers-hires-new-chief-operating-investment-officer

Calpers Is Seeking an Asset Manager for Infrastructure Push (Bloomberg)
https://www.bloomberg.com/news/articles/2018-04-13/calpers-is-said-to-seek-asset-manager-for-infrastructure-push

CalPERS Likely to Reject Diversity Engagement Targets (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-likely-reject-diversity-engagement-targets/

National Stories

3 Things That Caught My Eye In The Pew Report On Public Pensions (Forbes)
https://www.forbes.com/sites/ebauer/2018/04/13/3-things-that-caught-my-eye-in-the-pew-report-on-public-pensions/#337f06dd5d86

Public-Sector Pension Changes Create Residual Effects (Plan Sponsor)
https://www.plansponsor.com/public-sector-pension-changes-create-residual-effects/

New York Moves to Create Retirement Plans for Millions of Small Business Employees (Real Daily)
https://realdaily.com/ny-state-private-sector-workers-to-receive-retirement-plans/

Taxpayer Costs Soared as Illinois Public College & University Enrollment Dropped (Forbes)
https://www.forbes.com/sites/adamandrzejewski/2018/04/13/taxpayer-costs-soar-as-illinois-public-college-university-enrollment-drops/#3d62557a1018

EDITORIAL Taxing logic in the Kentucky legislature (Lexington Herald Leader)
http://www.kentucky.com/opinion/editorials/article208784434.html

Teacher victory: Kentucky lawmakers override budget veto (AP)
http://journaltimes.com/news/national/kentucky-schools-close-as-teachers-push-to-defy-governor/article_0e85cf3d-5e0c-5b05-aa27-e6fecb775b21.html

We’ve got you covered — here are the highlights for the 2018-2020 Kentucky budget (Lousiville Courier Journal)
https://www.courier-journal.com/story/news/politics/2018/04/15/kentucky-budget-pension-public-education-funding/517909002/

Teachers rally in Frankfort as Bevin veto overturned (City Beat)
https://www.citybeat.com/news/blog/21000893/teachers-rally-in-frankfort-as-bevin-veto-overturned

Kentucky Teachers To Rally Again As Lawmakers Return For Final Legislative Days (WKU)
http://wkyufm.org/post/kentucky-teachers-rally-again-lawmakers-return-final-legislative-days#stream/0

New database: Who gets the highest pensions in NY? (Gannett)
http://www.wgrz.com/article/news/local/new-york/new-database-who-gets-the-highest-pensions-in-ny/71-537921074

Police salaries mind-numbing: Editorial (Asbury Park Press (N.J.)
https://www.app.com/story/opinion/editorials/2018/04/13/police-salaries-new-jersey-data-universe/514038002/

Ex-LCC president joins PERS elite (Eugene Register Guard)
http://registerguard.com/rg/news/local/36645022-75/ex-lcc-president-joins-pers-elite.html.csp

April 12, 2018

California Stories

California Should Copy New Jersey’s Union Fund Takeover, but With One Caveat (Fox & Hounds)

http://www.foxandhoundsdaily.com/2018/04/california-copy-new-jerseys-union-fund-takeover-one-caveat/

Mounting Headlines are Fuel for Pension Reform Movement (Fox & Hounds)

http://www.foxandhoundsdaily.com/2018/04/mounting-headlines-fuel-pension-reform-movement/

Lodi official says California bill could leave cities liable for pension obligations incurred by other cities (Lodi News)

http://www.lodinews.com/news/article_d7bc87ba-3e1a-11e8-ae2d-43a734fe128e.html

Letter: ‘Double-dipping’ lawmakers? More like elected leaders collecting the pensions they earned (LA Times)’Double-dipping’ lawmakers? More like elected leaders collecting the pensions they earned (LA Times)

http://www.latimes.com/opinion/readersreact/la-ol-le-double-dipping-pensions-lawmakers-20180410-story.html

National Stories

Attorney General Andy Beshear files suit against Kentucky’s new pension law (Louisville Courier Journal)

https://www.courier-journal.com/story/news/politics/2018/04/11/kentucky-pension-reform-beshear-sues-block-bevin/506192002/

Kentucky attorney general sues to stop pension bill (WCPO)

https://www.wcpo.com/news/government/state-government/kentucky-state-government-news/kentucky-attorney-general-sues-to-stop-pension-bill

Kentucky attorney general’s lawsuit seeks to void new pension law (Reuters)

https://www.reuters.com/article/us-kentucky-pensions/kentucky-attorney-generals-lawsuit-seeks-to-void-new-pension-law-idUSKBN1HI2Y1

Here’s What’s Left For Kentucky Lawmakers In Final Legislative Days (WFPL)

http://wfpl.org/heres-whats-left-for-ky-lawmakers-in-final-legislative-days/

Op-ed: Tax measure will grow economy, create more opportunity (Kentucky Today)

http://kentuckytoday.com/stories/tax-measure-will-grow-economy-create-more-opportunity,12806

Column: New Haven may risk debt to shore up pension fund (Hartford Journal Inquirer)

http://www.journalinquirer.com/public/new-haven-may-risk-debt-to-shore-up-pension-fund/article_8f5270d6-3e4a-11e8-8524-67a75096b82c.html

HARVEY PENSION CRISIS LEADS TO MASS LAYOFFS (Illinois Policy)

https://www.illinoispolicy.org/harvey-pension-crisis-leads-to-mass-layoffs/

Bill seeks to lower teacher pension contribution (Yankee Institute)

http://www.yankeeinstitute.org/2018/04/bill-seeks-to-lower-teacher-pension-contribution/

April 9, 2018

California Stories

Editorial | That ‘split roll’ you heard about? Less a Prop. 13 fix than a pension bailout (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-split-roll-proposition-13-story.html

CalPERS may join union foes of 401(k) option (Calpensions)
https://calpensions.com/2018/04/09/calpers-may-join-union-foes-of-401k-option/

Council hears need to address city’s structural deficit (Martinez News-Gazette)
https://martinezgazette.com/council-hears-need-to-address-citys-structural-deficit/

La Verne ponders borrowing money to cover employee pensions (San Gabriel Valley Tribune)
https://www.sgvtribune.com/2018/04/06/la-verne-ponders-borrowing-money-to-cover-employee-pensions/

97 retired city workers in Redondo Beach make more than $100,000 per year (The Beach Reporter)
http://tbrnews.com/news/redondo_beach/retired-city-workers-in-redondo-beach-make-more-than-per/article_5b04967e-39b3-11e8-a85b-df0c6fd95a52.html

National Stories

As Kentucky teachers’ movement grows, splits appear over next moves and possible sickouts (Louisville Courier Journal)
https://www.courier-journal.com/story/news/education/2018/04/06/kentucky-teachers-movement-grows-splits-over-possible-sickouts/485692002/

5 steps Nashville could take to prevent pension spiking (Tennesseean)
https://www.tennessean.com/story/news/local/davidson/2018/04/09/5-steps-nashville-could-take-prevent-pension-spiking/485626002/

Political Scene: High court to hear pensioners suit Thursday (Providence Journal)
http://www.providencejournal.com/news/20180408/political-scene-high-court-to-hear-pensioners-suit-thursday

Editorial: Illinois needs to fix state pensions, tax retirees to avoid the abyss (Belleville News Democrat)
http://www.bnd.com/opinion/editorials/article207928839.html

Editorial: Lawmakers should fix own pensions first (Dispatch Argus (Ill.)
http://qconline.com/opinion/editorial/editorial-lawmakers-should-fix-own-pensions-first/article_de366944-b714-59d7-8e66-31a327be9222.html

Gov. Murphy’s pie-in-the-sky community college plan won’t fly | Mulshine (NJ.com)
http://www.nj.com/opinion/index.ssf/2018/04/gov_murphys_pie-in-the-sky_community_college_plan.html

State employees own pieces of opioid companies and probably don’t know it (Johnson City Press)
http://www.johnsoncitypress.com/Government/2018/04/07/State-employees-own-pieces-of-opioid-companies-and-probably-don-t-know-it.html?ci=stream&lp=2&p=1

April 6, 2018

California Stories

Pension Costs Tally to a Stunning Sum (Laguna Beach Indy)
https://www.lagunabeachindy.com/pension-costs-tally-stunning-sum/

LA’s former assistant fire chief was paid $1.4 million last year, topping city’s list of highest-paid retirees (LA Daily News)
https://www.dailynews.com/2018/04/05/las-former-assistant-fire-chief-was-paid-1-4-million-last-year-topping-citys-list-of-highest-paid-retirees/

These 3 South Bay cities rank in the top 10 for the number of retired workers making $100K or more (Daily Breeze)
https://www.dailybreeze.com/2018/04/05/these-3-south-bay-cities-rank-in-the-top-10-for-the-number-of-retired-workers-making-100k-or-more/

Sudden departure of state industrial relations head Baker stuns labor, business (SF Chronicle)
https://www.sfchronicle.com/business/networth/article/Sudden-departure-of-state-industrial-relations-12810174.php

CalSTRS CIO Buys In to #DeleteFacebook (Bloomberg)
https://www.bloomberg.com/news/articles/2018-04-05/calstrs-cio-buys-in-to-deletefacebook-on-offensive-oversight

CalPERS appoints first sustainable investment managing investment director (Pensions & Investments)
http://www.pionline.com/article/20180405/ONLINE/180409900/calpers-appoints-first-sustainable-investment-managing-investment-director

National Stories

Teachers in other states are striking. Texas teachers can’t do that. (Texas Tribune)
https://www.texastribune.org/2018/04/05/texas-public-school-teachers-strike-union-oklahoma/

Magoffin teachers go to rally in Frankfort (Salyersville Independent)
http://www.salyersvilleindependent.com/article/magoffin-teachers-go-rally-frankfort

April 5, 2018

California Stories

A Solid Foundation for the Future (CalPERS)
https://www.calpers.ca.gov/docs/forms-publications/solid-foundation-for-the-future.pdf

Greenhut: California should copy New Jersey’s union fund takeover, but with one caveat (R Street)
http://www.rstreet.org/op-ed/california-should-copy-new-jerseys-union-fund-takeover-but-with-one-caveat/

 

National Stories

U.S. Teachers Say They Sacrifice for the Job They Love (U.S. News & World Review)
https://www.usnews.com/news/top-news/articles/2018-04-04/us-teachers-face-tough-choice-love-of-the-job-or-living-wage

Should I take a state job for the pension? (NJ.com)
http://www.nj.com/business/index.ssf/2018/04/should_i_take_a_state_job_for_the_pension.html

Social insurance in the time of robots (Brookings Institute)
https://www.brookings.edu/blog/future-development/2018/04/04/social-insurance-in-the-time-of-robots/

FORFEITURE FOR GOOD REASON: DIMINISH PENSIONS FOR DISGRACED PUBLIC SERVANTS (Courier Express (Penn.)
http://www.thecourierexpress.com/opinion/our_opinion/forfeiture-for-good-reason-diminish-pensions-for-disgraced-public-servants/article_b096c4a9-20f2-53c0-835e-9676847d411c.html

 

April 4, 2018

California Stories

These 13 California legislators are getting two government checks a month (LA Times)
http://www.latimes.com/politics/la-pol-ca-double-dipping-california-legislator-pensions-20180404-htmlstory.html

Tuolumne County officials: ‘Drastic changes’ needed to reduce future deficits (The Union Democrat)
http://www.uniondemocrat.com/localnews/6138635-151/tuolumne-county-officials-drastic-changes-needed-to-reduce

Council approves contract extension (Santa Maria Times)
http://santamariatimes.com/santamaria/santa-maria-residents-call-for-gun-buffer-zone-around-schools/article_e8807ff8-96eb-547f-9f7f-da365f3b5728.html

National Stories

Kentucky has a bigger problem than a broken tax system. This week it was obvious. (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article207830994.html

Ky. Republicans Poised To Remake Commonwealth’s Tax System (LEX18)
http://www.lex18.com/story/37868579/ky-republicans-poised-to-remake-commonwealths-tax-system

Can Florida teachers walk out too? It’s not a good idea, unions say (Tampa Bay Times)
http://www.tampabay.com/article/20180403/ARTICLE/304039577/1071

Even Democrats question Malloy’s Hartford bailout (Manchester Journal Inquirer)
http://www.journalinquirer.com/public/even-democrats-question-malloy-s-hartford-bailout/article_a080a252-37fa-11e8-b41c-9bce0324e3a8.html

Editorial | A problem without solution? (The News-Gazette (Ill.)
http://www.news-gazette.com/opinion/editorials/2018-04-04/editorial-problem-without-solution.html

April 3, 2018

California Stories

Berkeley Looks to Ban Contracts With Immigrant Database Builders (Bloomberg)
https://www.bna.com/berkeley-looks-ban-n57982090666/

National Stories

‘Tired of begging’: Teacher rebellion shuts down Okla., Ky. schools (USA Today)
https://www.usatoday.com/story/news/nation/2018/04/02/teacher-strikes-shut-down-schools-across-oklahoma-kentucky/478102002/

The rebellion in Kentucky As the state tries to cut their pension plans, teachers fight back. (The Outline)
https://theoutline.com/post/4031/the-rebellion-in-kentucky-teachers-strike?zd=1&zi=46ud3igt

Kentucky teachers storm the Capitol. ‘We have no choice but to be here.’ (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article207682419.html

Here’s what you need to know about what’s in (and not in) the Kentucky budget bill (Louisville Courier Journal)
https://www.courier-journal.com/story/news/politics/2018/04/03/kentucky-budget-highlights-retired-teachers-pension-funding/479592002/

“This Is a Struggle of Regular Working People” (Jacobin)
https://www.jacobinmag.com/2018/04/kentucky-teachers-public-workers-strike-pensions-budget

Puerto Rico governor to revise fiscal plan, but won’t budge on austerity (Reuters)
http://www.unionleader.com/article/20180401/NEWS06/180409908

April 2, 2018

California Stories

Some cities outsource their highest pension costs (Calpensions)
https://calpensions.com/2018/04/02/some-cities-outsource-their-highest-pension-costs/

Bachher still laying foundation of UC investments makeover (Pensions & Investments)

National Stories

The investment industry threatens state plans to help workers save (Center for Public Integrity)
https://www.publicintegrity.org/2018/04/02/21643/investment-industry-threatens-state-plans-help-workers-save

‘Cyber, boomers and pensions, oh my!’: state governments’ 3 worries (The Hill)
http://thehill.com/opinion/finance/381023-cyber-boomers-and-pensions-oh-my-state-governments-3-worries

EDITORIAL Minnesota House should act on clean pension bill (Minneapolis Star Tribune)
http://www.startribune.com/minnesota-house-should-act-on-clean-pension-bill/478431293/

Pension bill takes an extra six years and $5 billion to pay Kentucky’s pension debt (Lexington Herald-Leader)
http://www.kentucky.com/news/politics-government/article207498239.html

Minnesota Senate passes pension reform bill that reduces assumed rate of return (Pensions & Investments)
http://www.pionline.com/article/20180330/ONLINE/180339989/minnesota-senate-passes-pension-reform-bill-that-reduces-assumed-rate-of-return

Area teachers say fight isn’t over (Messenger-Inqurier (Kent.)
http://www.messenger-inquirer.com/news/local/area-teachers-say-fight-isn-t-over/article_a0c89f60-1fb6-5cad-8f5c-ea20012faa34.html

Puerto Rico governor to revise fiscal plan, but won’t budge on austerity (Nasdaq)
https://www.nasdaq.com/article/puerto-rico-governor-to-revise-fiscal-plan-but-wont-budge-on-austerity-20180401-00045

Gun manufacturer takes $2M hit as NJ pension divests in response to Parkland (Think Progress)
https://thinkprogress.org/new-jersey-pension-divests-from-gun-manufacturer-4c0f3e7dd55a/

March 30, 2018

California Stories

Will the California Supreme Court Reform the “California Rule?” (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/03/will-california-supreme-court-reform-california-rule/

‘A tough day’: Apple Valley Council approves cuts to employees amid budget shortfall (Victorville Daily Press)
http://www.vvdailypress.com/news/20180329/a-tough-day-apple-valley-council-approves-cuts-to-employees-amid-budget-shortfall

How an ex-California mayor is helping Houston [Essay] (Houston Chronicle)
https://www.houstonchronicle.com/local/gray-matters/article/william-fulton-ventura-mayor-houston-12791484.php

National Stories

Colorado Senate passes pension reform bill (Pensions & Investments)
http://www.pionline.com/article/20180329/ONLINE/180329820/colorado-senate-passes-pension-reform-bill

Colorado House Sends $29 Billion Budget Bill to Senate (AP)
https://www.usnews.com/news/best-states/colorado/articles/2018-03-29/colorado-house-sends-29-billion-budget-bill-to-senate

Minnesota Senate Unanimously Approves Pension Bill (Chief Investment Officer)
https://www.ai-cio.com/news/minnesota-senate-unanimously-approves-pension-bill/

Column: Pension bill tactics came from the sewers. They show GOP majority can’t be trusted. (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article207418159.html

Teacher absences force Ky. districts to close schools (AP)
https://www.detroitnews.com/story/news/nation/2018/03/30/kentucky-schools-teachers-pensions-districts-close/33411681/

EDITORIAL Empty chairs at PERS (Eugene Register Guard)
http://registerguard.com/rg/opinion/36599100-78/empty-chairs-at-pers.html.csp

New Jersey’s pension sold remaining stake of weapons maker Vista Outdoor as scrutiny on gunmakers intensifies (CNBC)
https://www.cnbc.com/2018/03/29/new-jerseys-pension-sold-remaining-stake-of-weapons-maker-vista-outdoor.html

New Jersey sells last remaining holding of semi- and automatic gunmaker (Reuters)
https://www.reuters.com/article/new-jersey-pensions-guns/new-jersey-sells-last-remaining-holding-of-semi-and-automatic-gunmaker-idUSL1N1RB1OJ

New Jersey pension fund sells holdings in semi-automatic gunmakers (The Hill)
http://thehill.com/homenews/state-watch/380984-new-jersey-pension-fund-sells-holdings-in-semi-automatic-gunmakers

BlackRock mustn’t mimic underperforming NYC pension funds (Crain’s New York)
http://www.crainsnewyork.com/article/20180330/OPINION/180329875/blackrock-mustnt-mimic-underperforming-nyc-pension-funds

 

March 29, 2018

California Stories

OPINION California’s city halls must take action on pensions (OC Register)
https://www.ocregister.com/2018/03/28/californias-city-halls-must-take-action-on-pensions/

Carpinteria Council seeks to stabilize city pension (Coastal View)
http://www.coastalview.com/news/council-seeks-to-stabilize-city-pension/article_a51ba922-32ac-11e8-b9ba-5bf9f8366e35.html

CalSTRS to explore collaborative investing in alternatives (Pensions & Investments)
http://www.pionline.com/article/20180328/ONLINE/180329840/calstrs-to-explore-collaborative-investing-in-alternatives

National Stories

Why Are States So Strapped for Cash? There Are Two Big Reasons (Wall Street Journal)
https://www.wsj.com/articles/why-are-states-so-strapped-for-cash-there-are-two-big-reasons-1522255521

Have New Jersey’s pension woes finally bottomed out? (NJ.com)
http://www.nj.com/politics/index.ssf/2018/03/have_new_jerseys_pension_woes_finally_bottomed_out.html

Editorial: Lawmakers should avert explosion in local pension costs. (Or risk becoming collateral damage.) (Lexington Herald-Leader)
http://www.kentucky.com/opinion/editorials/article207222299.html

Op-ed: Public employees deserve a better pension reform (Denver Post)
https://www.denverpost.com/2018/03/28/public-employees-deserve-a-better-pension-reform/

New Jersey police, firefighters aggravate pensions mess (Employee Benefit Adviser)
https://www.employeebenefitadviser.com/articles/new-jersey-police-firefighters-aggravate-pensions-mess

Puerto Rico governor withdraws labor reform proposal (Reuters)
https://www.reuters.com/article/us-puertorico-debt-fiscalplan/puerto-rico-governor-withdraws-labor-reform-proposal-idUSKBN1H42YI

Oregon Pension System Faces Leadership Vacuum (Chief Investment Officer)
https://www.ai-cio.com/news/oregon-pension-system-faces-leadership-vacuum/

 

March 28, 2018

California Stories

Guns and gas investments prompt CalPERS bid by police union leader (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article206926314.html

Members of Temporary Citizens Panel on Santa Monica City Finances Resist Being Disbanded (Santa Monica Lookout)

National Stories

What Cities Are Doing About Pensions (National League of Cities)
https://citiesspeak.org/2018/03/27/what-cities-are-doing-about-pensions/

PERA reform bill clears Senate, heads to House (The Daily Sentinel (Colo.)
https://www.gjsentinel.com/news/western_colorado/pera-reform-bill-clears-senate-heads-to-house/article_dbea557c-324b-11e8-9c09-10604b9f6eda.html

Illinois Policy Institute: Sensible plan exists for making teacher pension costs more manageable (The State Journal-Register)
http://www.sj-r.com/opinion/20180327/illinois-policy-institute-sensible-plan-exists-for-making-teacher-pension-costs-more-manageable

March 27, 2018

National Stories

The Working Class Has a $3 Trillion Weapon. Are They Willing to Use It? (Splinter)
https://splinternews.com/the-working-class-has-a-3-trillion-weapon-are-they-wi-1824071852

Pensions, transportation on the agenda at the Capitol (Minnesota Public Radio)
https://www.mprnews.org/story/2018/03/26/what-to-watch-capitol-this-week

Minn. Senate OKs pension boost, ratifies public worker contracts (AP)
https://www.sfchronicle.com/news/article/Senate-OKs-pension-boost-ratifies-public-worker-12782104.php

Republicans push public-pension reform without Democratic backing (Denver Business Journal)
https://www.bizjournals.com/denver/news/2018/03/26/republicans-push-public-pension-reform-without.html

March 26, 2018

California Stories

Letter: Teacher pensions are stable (OC Register)
https://www.ocregister.com/2018/03/25/actually-obama-sat-in-putins-lap-letters/

Dan Walters: Local tax hikes cleverly packaged (CalMatters)
https://calmatters.org/articles/commentary/commentary-local-tax-hikes-cleverly-packaged/

Another court ruling on vested rights to pensions (Calpensions)
https://calpensions.com/2018/03/26/another-court-ruling-on-vested-rights-to-pensions/

Southern California 911 Centers Could Merge for Efficiencies (Government Technology)
http://www.govtech.com/public-safety/Southern-California-911-Centers-Could-Merge-for-Efficiencies.html

Mayor seeks costs on County Fire service study (Easy Reader News)
https://www.easyreadernews.com/mayor-seeks-costs-on-county-fire-service-study/

 

National Stories

Battered by Great Recession, underfunded public pensions to persist (Reuters)
https://www.reuters.com/article/us-financial-crisis2008-municipals-pensi/battered-by-great-recession-underfunded-public-pensions-to-persist-idUSKBN1H20EG?il=0

Texas Teachers Pension Eyes Hiring Spree for Investment Group (Bloomberg)
https://www.bloomberg.com/news/articles/2018-03-23/texas-teachers-pension-eyes-hiring-spree-for-investment-group

Texas Teachers eyes hiring spree for investment group (Pensions & Investments)
http://www.pionline.com/article/20180323/ONLINE/180329917/texas-teachers-eyes-hiring-spree-for-investment-group

‘Selfish.’ ‘Thug mentality.’ Why does Bevin keep insulting teachers, workers, retirees? (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article206534029.html

EDITORIAL: House must cleanse budget of Senate’s spite (Lexington Herald Leader)
http://www.kentucky.com/opinion/editorials/article206664219.html

Union pension control threatens towns, counties, taxpayers (Press of Atlantic City)
http://www.pressofatlanticcity.com/opinion/editorials/union-pension-control-threatens-towns-counties-taxpayers/article_9eca3146-6c2b-55d5-9fd5-3231010a2a89.html

STATE’S BONDED DEBT SOARS TO NOSEBLEED HEIGHTS: $46.1 BILLION (NJ Spotlight)
http://www.njspotlight.com/stories/18/03/25/state-s-bonded-debt-soars-to-nosebleed-heights-46-1-billion/

Letter: Some relief needed for public sector retirees (The Olympian)
http://www.theolympian.com/opinion/letters-to-the-editor/article206645299.html

Gun control advocates prod state to disarm investments (The Salem News)
http://www.salemnews.com/news/local_news/gun-control-advocates-prod-state-to-disarm-investments/article_78ccba50-25ab-5129-a1c1-f9764893f493.html

March 23, 2018

California Stories

Your pension questions answered (CalMatters)
https://calmatters.org/articles/your-pension-questions-answered/

COMMENTARY: Will CalPERS’ More Affordable Retirement Plans Survive? (Benito Link)
https://benitolink.com/opinion/commentary-will-calpers%E2%80%99-more-affordable-retirement-plans-survive

Ventura County taxpayer group hears of proposed changes to California’s Prop. 13 (Ventura County Star)
https://www.vcstar.com/story/news/local/communities/ventura/2018/03/22/ventura-county-taxpayer-group-hears-proposed-changes-californias-prop-13/447510002/

Benefit Disparity Between Public, Private Sectors Continues to Widen (Laguna Beach Indy)
https://www.lagunabeachindy.com/benefit-disparity-public-private-sectors-continues-widen/

Letter: Blame on pensions (Sacramento Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article206146529.html

National Stories

The US pension system has gotten so bad that Congress is planning for its failure (Business Insider)
http://www.businessinsider.com/us-pension-policy-is-so-bad-that-congress-is-planning-for-its-failure-2018-3

More than a thousand teachers, public school employees rally at Capitol to make voices heard (Northern Kentucky Tribune)
http://www.nkytribune.com/2018/03/more-than-a-thousand-teachers-public-school-employees-rally-at-capitol-to-make-voices-heard/

Senate misses boat by punting on tax (The Messenger (Kentucky)
http://www.the-messenger.com/opinion/editorials/article_2de16344-2ddc-11e8-acaa-cb2a311464eb.html

March 22, 2018

California Stories

Number of San Diego city and county pensioners collecting $100k-plus continues to climb (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/watchdog/sd-me-pensions-rising-20180322-story.html

California Judges Lose Fight of Tighter Pension Scheme (Courthouse News Service)
https://www.courthousenews.com/california-judges-lose-fight-of-tighter-pension-scheme/

Tesla shareholders approve $2.6 billion CEO stock option despite pension fund opposition (Pensions & Investments)
http://www.pionline.com/article/20180321/ONLINE/180329964/tesla-shareholders-approve-26-billion-ceo-stock-option-despite-pension-fund-opposition

 

National Stories

Most Kentucky Teachers Are Significantly Better off with Pensions than 401(k)s (UC Berkeley Labor Center)
http://laborcenter.berkeley.edu/kentucky-teachers-pensions-vs-401ks/

Bevin accuses some pension bill opponents of displaying ‘thug mentality’ (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article206199724.html

Come cold or snow, teachers making presence known to lawmakers (Kentucky Today)
http://kentuckytoday.com/stories/teachers-making-presence-known-in-frankfort,12463

Surging stock market gives Connecticut pensions much needed boost (Yankee Institute)
http://www.yankeeinstitute.org/2018/03/surging-stock-market-gives-connecticut-pensions-much-needed-boost/

Congress quietly formed a committee to bail out 200 pension funds (FX Street)
https://www.fxstreet.com/analysis/congress-quietly-formed-a-committee-to-bail-out-200-pension-funds-201803220924

March 21, 2018

California Stories

OPINION California teacher pensions are not sustainable (OC Register)
https://www.ocregister.com/2018/03/20/california-teacher-pensions-are-not-sustainable-2/

Pension Abuse in California (Richochet)
https://ricochet.com/503576/pension-abuse-california/

New retirees in Gardena, Pasadena and Riverside make $200,000 pensions (LA Daily News)
https://www.dailynews.com/2018/03/12/new-retirees-in-gardena-pasadena-and-riverside-make-200000-pensions/

Growing Number of Retired Santa Monica Educators Earn Six-Figure Annual Pensions (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/March-2018/03_20_2018_Growing_Number_of_Retired_Santa_Monica_Educators_Earn_Six_Figure_Annual_Pensions.html

CalPERS Report Details Role in Dakota Pipeline Controversy (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-report-details-role-dakota-pipeline-controversy/

Meet Impact Marin keynote speaker David Crane (North Bay Business Journal)
http://www.northbaybusinessjournal.com/events/8114046-181/impact-marin-keynote-david-crane

 

National Stories

When It Is Time to Retire, Should You Stay or Should You Move? (BNA)
https://www.bna.com/time-retire-stay-b57982090062/

Reports reveal Nevada state government waste, areas to cut spending (Watchdog)
https://www.watchdog.org/nevada/reports-reveal-nevada-state-government-waste-areas-to-cut-spending/article_0d1234b4-2c5f-11e8-a1e6-676ad3a2f3c9.html

Texas Government Risks Credit Rating Downgrade, Comptroller Glenn Hegar Says (Houston Public Media)
https://www.houstonpublicmedia.org/articles/news/2018/03/20/274233/texas-government-risks-credit-rating-downgrade-comptroller-glenn-hegar-says/

Kentucky Senate reveals state budget with many of Bevin’s cuts, no new taxes (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article206003989.html

 

March 20, 2018

California Stories

OPINION: California’s pension problems are far from over (OC Register)
https://www.ocregister.com/2018/03/19/californias-pension-problems-are-far-from-over/

Glazer Bill Would Begin to Move State Away from Pension Disaster (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/03/glazer-bill-begin-move-state-away-pension-disaster/

CalPERS won’t pull its money out of gun sellers. Here’s what it’s doing instead. (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article205536294.html

California pension fund urged to divest from gun sellers (AP)
https://www.mercurynews.com/2018/03/19/california-pension-fund-urged-to-divest-from-gun-sellers/

National Stories

State of the Cities: The Case of Pensions (Cities Speak)
https://citiesspeak.org/2018/03/19/state-of-the-city-the-case-of-pensions/

Unfunded Pensions Could Spell Disaster for Kentucky (Real Clear Education)
https://www.realcleareducation.com/articles/2018/03/20/unfunded_pensions_could_spell_disaster_for_kentucky_110263.html

Perhaps Steve Sweeney should push that pension referendum after all | Mulshine (NJ.com)
http://www.nj.com/opinion/index.ssf/2018/03/perhaps_steve_sweeney_should_push_that_pension_ref.html

Wisconsin Public Employee Pensions to Rise at Least 2.4% (Chief Investment Officer)
https://www.ai-cio.com/news/wisconsin-public-employee-pensions-rise-least-2-4/

March 19, 2018

California Stories

CalPERS retirees are suddenly worried about their pensions. What happened? (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article204340914.html

OPINION Pension rules must change to keep California solvent
https://www.ocregister.com/2018/03/17/pension-rules-must-change-to-keep-california-solvent/

Santa Cruz plots path into and out of city’s dire fiscal straits (Santa Cruz Sentinel)
http://www.santacruzsentinel.com/government-and-politics/20180317/santa-cruz-plots-path-into-and-out-of-citys-dire-fiscal-straits

Dan Walters: How pension costs clobbered one California city (CalMatters)
http://www.sacbee.com/opinion/california-forum/article204988544.html

Pensions help San Francisco earn top bond rating (Calpensions)
https://calpensions.com/2018/03/19/pensions-help-san-francisco-earn-top-bond-rating/

Opinion: Pension obligations damage Berkeley’s finances (Berkeleyside)
http://www.berkeleyside.com/2018/03/16/opinion-pension-obligations-damage-berkeleys-finances

John Chiang: CalSavers gives Californians a chance at a more secure retirement (OC Register)
https://www.ocregister.com/2018/03/17/calsavers-californians-a-chance-at-a-more-secure-retirement/

The Tax Watchers: Group keeps eye on city’s spending (Fairfield Daily Republic)
https://www.dailyrepublic.com/opinion/local-opinion-columnists/the-tax-watchers-group-keeps-eye-on-citys-spending/

 

National Stories

Capitol Conversation: Saving PERA (Aspen Public Radio)
http://aspenpublicradio.org/post/capitol-conversation-saving-pera

Overdrawn Pension Fund Scores Gains (New Haven Independent)
http://www.newhavenindependent.org/index.php/archives/entry/police_fire_pension_allocations_gains/

Teachers plan Monday rally at Atherton to save education funding, pensions (WHAS (Kent.)
http://www.whas11.com/article/news/education/teachers-plan-monday-rally-at-atherton-to-save-education-funding-pensions/417-529716535

Wisconsin Public Employee Pensions to Rise at Least 2.4% (Chief Investment Officer)
https://www.ai-cio.com/news/wisconsin-public-employee-pensions-rise-least-2-4/

March 16, 2018

California Stories

California Today: A Case Against Cuts to Public Pensions (New York Times)

https://www.nytimes.com/2018/03/16/us/california-today-public-pensions.html?mtrref=www.google.com

Parks budget healthy but pension costs loom (Camarillo Acorn)

https://www.thecamarilloacorn.com/articles/parks-budget-healthy-but-pension-costs-loom/

National Stories

Public employee retirement systems could face shortfalls as retirees outnumber workers (Investment News)

http://www.investmentnews.com/article/20180314/FREE/180319964/public-employee-retirement-systems-could-face-shortfalls-as-retirees

Over 100 local public entities in Michigan found to have underfunded retirement benefits (American City & County)

http://americancityandcounty.com/pension-reform/over-100-local-public-entities-michigan-found-have-underfunded-retirement-benefits

Bevin likens protesting teachers to disloyal Americans. GOP leader condemns comments. (Lexington Herald Leader)

http://www.kentucky.com/news/politics-government/article205219129.html

Who’s ‘ignorant’ and ‘uninformed’? Bevin should do more homework before ranting on radio. (Lexington Herald Leader)

http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article205264984.html

Teachers show their strength in Frankfort (The Daily Independent)

http://www.dailyindependent.com/news/teachers-show-their-strength-in-frankfort/article_b693d294-2896-11e8-a4db-6338af6a8854.html

APPELLATE COURT RULES DISGRACED NJ SENATOR WILL BE STRIPPED OF FULL PENSION (NJ Spotlight)

http://www.njspotlight.com/stories/18/03/15/appellate-court-rules-disgraced-nj-senator-will-be-stripped-of-full-pension/

 

March 15, 2018

California Stories

Defaults, pensions raise doubt over Victorville’s ability to pay bills (Victorville Daily Press)
http://www.vvdailypress.com/news/20180314/defaults-pensions-raise-doubt-over-victorvilles-ability-to-pay-bills

Pismo Beach makes $2 million payment to CalPERS (KSBY)
http://www.ksby.com/story/37728675/pismo-beach-makes-2-million-payment-to-calpers

Fountain Valley tries to stay ahead of pension interest with midyear budget amendment (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-fv-midyear-budget-20180313-story.html

National Stories

Public employee retirement systems could face shortfalls as retirees outnumber workers (Bloomberg News)
http://www.investmentnews.com/article/20180314/FREE/180319964/public-employee-retirement-systems-could-face-shortfalls-as-retirees

Over 100 local public entities in Michigan found to have underfunded retirement benefits (American City & County)
http://americancityandcounty.com/pension-reform/over-100-local-public-entities-michigan-found-have-underfunded-retirement-benefits

Gov. Phil Murphy should pay his pension debt before adding new programs | Mulshine (NJ.com)
http://www.nj.com/opinion/index.ssf/2018/03/gov_phil_murphy_should_pay_the_pensions_first_befo.html

 

March 14, 2018

California Stories

Q&A: Antonio Villaraigosa on Immigration, Healthcare and Collaborative Pension Reform (San Jose Inside)
http://www.sanjoseinside.com/2018/03/13/qa-antonio-villaraigosa-on-immigration-healthcare-and-collaborative-pension-reform/

National Stories

Pensions to Wisconsin Retirees Increasing 2.4 Percent (AP)
https://www.usnews.com/news/best-states/wisconsin/articles/2018-03-13/pensions-to-wisconsin-retirees-increasing-24-percent

New Jersey Gov. Phil Murphy Proposes Raising Sales Tax Back to 7% (Wall Street Journal)
https://www.wsj.com/articles/new-jersey-gov-phil-murphy-proposes-raising-sales-tax-back-to-7-in-first-budget-1520965006

MURPHY’S PROPOSED BUDGET, A RECORD $37.4B — AND HE HAS PLANS FOR ALL OF IT (NJ Spotlight)
http://www.njspotlight.com/stories/18/03/14/murphy-s-proposed-budget-stands-at-a-record-37-4b-and-he-has-plans-for-all-of-it/

Why Are Lawmakers Debating PERA? Here’s What You Need To Know (Colorado Public Radio)
http://www.cpr.org/news/story/why-are-lawmakers-debating-pera-here-s-what-you-need-to-know

Nevada Supreme Court to rule on years-long dispute over transparency of state’s public pensions (Nevada Watchdog)
https://www.watchdog.org/nevada/nevada-supreme-court-to-rule-on-years-long-dispute-over/article_bb7567b0-26e2-11e8-aa9b-738636eda974.html

Opinion: KPERS benefits should not go to lobbyists (The Garden City Telegram)
http://www.gctelegram.com/opinion/20180313/kpers-benefits-should-not-go-to-lobbyists

Editorial: Hooray for teachers in delayed pension vote (Journal Times (W.V.)
http://www.journal-times.com/opinion/editorials/editorial-hooray-for-teachers-in-delayed-pension-vote/article_33916d44-2787-11e8-9f01-9ff35def12b1.html

March 13, 2018

California Stories

New retirees in Gardena, Pasadena and Riverside make $200,000 pensions (LA Daily News)

https://www.dailynews.com/2018/03/12/new-retirees-in-gardena-pasadena-and-riverside-make-200000-pensions/

 

National Stories

Op-ed: The Tax Act will make it tougher for cities to pay their bills (Boston Globe)
https://www.bostonglobe.com/opinion/2018/03/12/the-tax-act-will-make-tougher-for-cities-pay-their-bills/7eQwm89fsuTto6uR73JNkN/story.html

Pa. pension returns lag assumptions through December (Central Penn Business Journal)
http://www.cpbj.com/article/20180312/CPBJ01/180319988/pa-pension-returns-lag-assumptions-through-december

Lawmakers should start over on pension reform. Otherwise, teachers may expel them. (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article204718144.html

Kentucky teachers rally for their pensions in Frankfort (WCPO)
https://www.wcpo.com/news/state/state-kentucky/kentucky-teachers-rally-for-their-pensions-in-frankfort

Howes: Law reveals Mich. municipal legacy obligations (The Detroit News)
https://www.detroitnews.com/story/business/columnists/daniel-howes/2018/03/13/new-law-reveals-mi-municipal-legacy-obligations/32874627/

$250M In Borrowing Pitched For Pensions (New Haven Independent)
http://www.newhavenindependent.org/index.php/archives/entry/250m_for_pension_fund/

 

March 12, 2018

California Stories

California Today: Is the Long-Looming Pension Crisis Already Here? (New York Times)
https://www.nytimes.com/2018/03/09/us/california-today-pension-system-david-crane.html?mtrref=www.google.com

Ventura County taxpayer group joins state Supreme Court case challenging ‘California Rule’ (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/ventura/2018/03/10/ventura-county-taxpayer-group-joins-state-supreme-court-case-challenging-california-rule/408505002/

Crucial court pension-cut ruling not on fast track (Calpensions)
https://calpensions.com/2018/03/12/crucial-court-pension-cut-ruling-not-on-fast-track/

National Stories

After West Virginia, teachers in other states prep for political fight (CNN)
http://www.wdsu.com/article/after-west-virginia-teachers-in-other-states-prep-for-political-fight/19296682

No vote on Kentucky pension bill as teachers protest (AP)
https://pilotonline.com/news/nation-world/national/article_ed22264e-6fbe-59b6-89d9-f8907fb81867.html

DHS teachers hold walk-in, instead of leaving their kids, in hopes of getting lawmakers’ attention over pension issue (The Advocate Messenger (Kent.))
https://www.amnews.com/2018/03/09/dhs-teachers-hold-walk-in-instead-of-leaving-their-kids-in-hopes-of-getting-lawmakers-attention-over-pension-issue/

New Jersey Governor Gets Push Back From Fellow Democrats on Proposed Taxes (Wall Street Journal)
https://www.wsj.com/articles/new-jersey-governor-gets-push-back-from-fellow-democrats-on-proposed-taxes-1520773200

Where will Murphy find the money?: Editorial (Asbury Park Press)
https://www.app.com/story/opinion/editorials/2018/03/09/phil-murphy-budget-address-legal-weed/411423002/

Biss calls 2013 comments on state workers ‘sloppy’ (Herald & Review (Illinois))
https://herald-review.com/news/state-and-regional/govt-and-politics/biss-calls-comments-on-state-workers-sloppy/article_07b347b5-6fdd-5f43-b1a2-e9b4e851f0f5.html

Washington state’s public pensions include $5.3M in gun-related investments (Seattle Times)
https://www.seattletimes.com/seattle-news/washington-states-public-pensions-include-5-3m-in-gun-related-investments/

March 9, 2018

California Stories

San Francisco upgrade driven by pension management (Bond Buyer)

https://www.bondbuyer.com/news/san-francisco-upgrade-driven-by-pension-management

Editorial: County takes a lead role on pension reform (Santa Rosa Press Democrat)

http://www.pressdemocrat.com/opinion/8089844-181/pd-editorial-county-takes-a

How shoring up California school pensions puts budget pressure on districts (Bond Buyer)

https://www.bondbuyer.com/news/shoring-up-california-school-pensions-puts-budget-pressure-on-districts

Pension crisis hurts city budget (Petaluma Argus Courier)

http://www.petaluma360.com/opinion/8061275-181/pension-crisis-hurts-city-budget

CalPERS adopts Global Investment Performance Standards (Pensions & Investments)

http://www.pionline.com/article/20180308/ONLINE/180309831/calpers-adopts-global-investment-performance-standards

Retired LAPD officer arrested, accused of fraud in controversial city pension program (LA Times)

http://www.latimes.com/local/lanow/la-me-pension-arrest-20180308-story.html

 

National Stories

EDITORIAL: Make public pensions like private-sector plans (Colorado Spring Gazette)

http://gazette.com/editorial-make-public-pensions-like-private-sector-plans/article/1622359

Colorado introduces legislation to improve state pension plan’s funded status (Pensions & Investments)

http://www.pionline.com/article/20180308/ONLINE/180309830/colorado-introduces-legislation-to-improve-state-pension-plans-funded-status

Rise & Shine: The teachers union does not like a key part of a pension overhaul proposal (Chalkbeat (Colorado))

https://www.chalkbeat.org/posts/co/2018/03/08/rise-shine-the-teachers-union-does-not-like-a-key-part-of-a-pension-overhaul-proposal/

March 7, 2018

California Stories

Commentary: California’s budget grades show conflict between today’s costs, yesterday’s promises (The Bond Buyer)

https://www.bondbuyer.com/opinion/californias-budget-grades-show-conflict-between-todays-costs-yesterdays-promises

Moorlach: Setting the Record Straight on CalPERS and SB 400 (Fox & Hounds)

http://www.foxandhoundsdaily.com/2018/03/setting-record-straight-calpers-sb-400/

California bill would add pay equity as requirement for alts managers (Pensions & Investments)

http://www.pionline.com/article/20180305/ONLINE/180309888/california-bill-would-add-pay-equity-as-requirement-for-alts-managers

 

National Stories

Nevada high court to hear state retirement benefits case (Las Vegas Review Journal)

https://www.reviewjournal.com/news/politics-and-government/nevada/nevada-high-court-to-hear-state-retirement-benefits-case/

Guest columnists: Business community supports pension bill (The State Journal (Illinois))

http://www.state-journal.com/2018/03/06/guest-columnists-business-community-supports-pension-bill/

REPORT: ILLINOIS PENSION PROMISES EXPLODED OVER THIRTY-YEAR PERIOD (The Heartland Institute)

https://www.heartland.org/news-opinion/news/report-illinois-pension-promises-exploded-over-thirty-year-period

Kentucky pension reform: Senate’s revised bill is still illegal, Andy Beshear says (Louisville Courier Journal)

https://www.courier-journal.com/story/news/politics/2018/03/06/kentucky-pension-reform-senate-bill-1-andy-beshear-illegal/400091002/

OPINION: Kentucky business community says inaction not an option on pension reform (The Lane Report)

https://www.lanereport.com/87785/2018/03/opinion-kentucky-business-community-says-inaction-not-an-option-on-pension-reform/

IPERS: Pension thefts may be linked to Iowa state employees’ salary database (Des Moines Register)

https://www.desmoinesregister.com/story/news/politics/2018/03/05/ipers-pension-thefts-linked-iowa-state-employees-salary-database/394636002/

Why Some Pension Funds Aren’t Giving Up Their Guns (Wall Street Journal)

https://www.wsj.com/articles/why-some-pension-funds-arent-giving-up-their-guns-1520172001

Discount Rate Increase Helps Grow Pensions in February (Chief Investment Officer)

https://www.ai-cio.com/news/discount-rate-increase-helps-grow-pensions-february/

March 6,2018

Op-ed: The Real Reason the Investor Class Hates Pensions (New York Times)
https://www.nytimes.com/2018/03/05/opinion/investor-class-pensions.html

National Stories

Column: Someone is wrong on the internet, government employee pensions and passive investing edition (Financial Times)
https://ftalphaville.ft.com/2018/03/06/2199094/someone-is-wrong-on-the-internet-government-employee-pensions-and-passive-investing-edition/

New Jersey Treasurer RAISES Expected Rate Of Return Of Public Pension (Value Walk)
http://www.valuewalk.com/2018/03/new-jersey-treasurer-pensions/

Bill Would Increase Pension Transparency (Illinois News Network)
http://altondailynews.com/news/details.cfm?clientid=17&id=261303#.Wp7FZBPwb6Y

Pensions Continue to Drain Local Resources (Illinois News Network)
http://www.altondailynews.com/news/details.cfm?clientid=17&id=261282#.Wp7FbBPwb6Y

Forums filled with pension bill, budget discussions (The Messenger Inquirer (Kent.)
http://www.the-messenger.com/news/local/article_2b15976c-2089-11e8-9600-2fbb7705f606.html

Canada Pension Is Backing Fledgling Hedge Funds (Bloomberg)
https://www.bloomberg.com/news/articles/2018-03-05/canada-pension-backs-fledgling-hedge-funds-as-titans-disappoint

 

March 5, 2018

California Stories

How more generous pensions boosted city costs (Calpensions)

https://calpensions.com/2018/03/05/how-more-generous-pensions-boosted-city-costs/

Op-Ed: The former Gold Coast is tarnished beyond repair (Watchdog)

https://www.watchdog.org/california/op-ed-the-former-gold-coast-is-tarnished-beyond-repair/article_084df268-2081-11e8-8fdf-a34871894712.html

Poll shows Petaluma public safety tax has support (Petaluma Argus Courier)

http://www.petaluma360.com/news/8051931-181/poll-shows-petaluma-public-safety

National Stories

Op-ed: The Real Reason the Investor Class Hates Pensions (New York Times)

https://www.nytimes.com/2018/03/05/opinion/investor-class-pensions.html

The Great American Pension Crisis is right around the corner (Credit Writedowns)

https://pro.creditwritedowns.com/2018/03/public-pension-crisis-recession.html#.WpzCfhPwb6Y

C.O. lawmakers’ PERS reform bills head to governor (News Channel 21)

http://www.ktvz.com/news/co-lawmakers-pers-reform-bills-head-to-governor/710827368

PERS: Lawmakers pass bill to boost public pension contributions (The Oregonian)

http://www.oregonlive.com/politics/index.ssf/2018/03/lawmaker_pass_bill_to_boost_pu.html

Oregon lawmakers pass bill to boost public pension offerings (AP)

https://www.chron.com/news/article/Oregon-lawmakers-pass-bill-to-boost-public-12727048.php

UPPING RATE OF RETURN ON PENSION INVESTMENTS BUYS MURPHY BREATHING ROOM (NJ Spotlight)

http://www.njspotlight.com/stories/18/03/04/upping-rate-of-return-on-pension-investments-buys-murphy-breathing-room-in-budget/

Commentary: Chambers, including NKY, strongly support basic provisions of Senate Bill 1 on pensions (Northern Kentucky Tribune)

http://www.nkytribune.com/2018/03/commentary-chambers-including-nky-strongly-support-basic-provisions-of-senate-bill-1-on-pensions/

Judge: Pensioners fired from adjunct faculty posts not protected by age discrimination law, pensions clause (Cook County Record)

https://cookcountyrecord.com/stories/511354722-judge-pensioners-fired-from-adjunct-faculty-posts-not-protected-by-age-discrimination-law-pensions-clause

Editorial: Court could shake up R.I. (Providence Journal)

http://www.providencejournal.com/opinion/20180303/editorial-court-could-shake-up-ri

Opinion: Bruce Rauner vs. the Illinois ‘Mafia’ (Wall Street Journal)

https://www.wsj.com/articles/bruce-rauner-vs-the-illinois-mafia-1520030669

March 2, 2018

California Stories

OPINION Justice Kennedy is right, public employee unions advocate for massive government, increasing taxes (OC Register)

https://www.ocregister.com/2018/03/01/justice-kennedy-is-right-public-employee-unions-advocate-for-massive-government-increasing-taxes/

Mayor’s positive State of City calls for maintaining ‘fiscal discipline’ (The Richmond Standard)

http://richmondstandard.com/2018/03/01/mayors-positive-state-of-city-calls-for-maintaining-fiscal-discipline/

 

National Stories

New Jersey treasurer resets public pension rate of return (Reuters)

https://www.reuters.com/article/us-new-jersey-pensions/new-jersey-treasurer-resets-public-pension-rate-of-return-idUSKCN1GD6MF

Murphy reverses Christie on crucial N.J. pension change (NJ.com)

http://www.nj.com/politics/index.ssf/2018/03/murphy_reverses_christie_on_crucial_nj_pension_cha.html

House takes $480.6 million from public workers’ health plan to balance budget (Lexington Herald Leader)

http://www.kentucky.com/news/politics-government/article202872444.html

State pension funds invested in gun makers (Connecticut Post)

https://www.ctpost.com/news/article/State-pension-funds-invested-in-gun-makers-12721921.php

Wisconsin public employees, teachers own stock in a major gun manufacturer (Channel 3000)

https://www.channel3000.com/news/wisconsin-public-employees-own-stock-in-a-major-gun-manufacturer/709615137

Op-ed: Averting Fiscal Crises Requires Grandiose Reforms, and More Effective Budget Management (Forbes)

https://www.forbes.com/sites/econostats/2018/03/01/averting-fiscal-crises-requires-grandiose-reforms-and-more-effective-budget-management/#7d51b122911a

March 1, 2018

California Stories

Member of Santa Monica Audit Subcommittee Urges City to Pay Down $461 Million in Unfunded Pensions by 2030 (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/February-2018/02_28_2018_Santa_Monica_Audit_Subcommittee_Urges_City_to_Pay_Down_461_Million_in_Unfunded_Pensions_by_2030.html

 

National Stories

Vote against pension bill or face defeat at the polls, teachers warn lawmakers (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article202690234.html

Retired Teachers Voice Opposition to Pension Overhaul (AP)
https://www.usnews.com/news/best-states/kentucky/articles/2018-02-28/ag-warns-proposed-pension-overhaul-wouldnt-hold-up-in-court

Beshear tells legislators that pension bill violates inviolable contract of workers (Insider Louisville)
https://insiderlouisville.com/metro/beshear-tells-legislators-that-pension-bill-violates-inviolable-contract-of-workers/

Editorial: AFSCME, engineer of its own demise (Quad City Times)
http://qctimes.com/opinion/editorial/editorial-afscme-engineer-of-its-own-demise/article_5d7f9f3d-8418-5176-be4d-403c7d802b92.html

Minnesota budget back in black: $329M surplus forecast (Minnesota Public Radio)
https://www.mprnews.org/story/2018/02/28/lawmakers-learn-today-if-budget-surplus-is-back

Pension’s Investment In Gun Companies Concerns Former State Employee (CBS Denver)
http://denver.cbslocal.com/2018/02/28/pera-gun-companies-colorado/

How today’s big Supreme Court case on public-sector unions could lead to a fiscal crisis (Washington Post)
https://www.washingtonpost.com/news/monkey-cage/wp/2018/02/26/heres-whats-at-stake-today-as-the-supreme-court-hears-janus-v-afscme-not-for-unions-but-for-states-balance-sheets/?utm_term=.6e3cfeaa3aff

POTENTIAL PUERTO RICAN FORECLOSURES REMAIN CONCERN FOR PENSION SYSTEM (NJ Spotlight)
http://www.njspotlight.com/stories/18/02/28/potential-puerto-rican-foreclosures-remain-concern-for-state-pension-system/

February 28, 2018

California Stories

Could Janus Ruling Open the Door to Pension Reform? (Competitive Enterprise Institute)
https://cei.org/blog/could-janus-ruling-open-door-pension-reform

California’s pension fund managers are at odds with activists and some union leaders over divestments (LA School Report)
http://laschoolreport.com/californias-pension-fund-managers-are-at-odds-with-activists-and-some-union-leaders-over-divestments/

More briefs ask state Supreme Court to weaken ‘California Rule’ on pensions (The Bond Buyer)
https://www.bondbuyer.com/news/more-briefs-ask-state-supreme-court-to-weaken-california-rule-on-pensions

 

National Stories

Is Fed Pumping Stocks To Keep Pensions Solvent? (Seeking Alpha)
https://seekingalpha.com/article/4150969-fed-pumping-stocks-keep-pensions-solvent

Column: Supreme Court case threatens Democratic bosses’ use of union muscle (Chicago Tribune)
http://www.chicagotribune.com/news/columnists/kass/ct-met-supreme-court-unions-kass-0228-story.html

Big returns help bolster Ohio’s five public pension funds (Dayton Daily News)
https://www.daytondailynews.com/news/big-returns-help-bolster-ohio-five-public-pension-funds/61mj6w35nXeMflJhZrgvJP/

Kentucky Looks to Ease Local Governments’ Pension Pain (AP)
https://www.usnews.com/news/best-states/kentucky/articles/2018-02-27/kentucky-looks-to-ease-local-governments-pension-pain

Op-ed: The looming pension-fund crisis (Herald-Tribune (Florida)
http://www.heraldtribune.com/news/20180226/looming-pension-fund-crisis

GOP pension plan mere political cover (The Messenger (Kentucky)
http://www.the-messenger.com/opinion/editorials/article_65ff5dde-1bdb-11e8-a261-e7b69215af2b.html

Pension Funds Under Pressure To Sell Off Investments In Gun-Makers (WAMU)
https://wamu.org/story/18/02/27/pension-funds-under-pressure-to-sell-off-investments-in-gun-makers/

February 27, 2018

California Stories

How California Public Pensions Fell Into Crisis (Value Walk)
http://www.valuewalk.com/2018/02/california-public-pensions-fell-crisis/

Yvonne Walker: Striking a Blow for the Big Guys (NY Times)
https://www.nytimes.com/2018/02/26/opinion/unions-janus-california.html?mtrref=www.google.com&assetType=opinion

Total Financial Solutions: ‘Pension Envy’ Makes Appearance In California Pension Crisis (KHTS)
http://www.hometownstation.com/santa-clarita-news/arif-halaby-total-financial-solutions/total-financial-solutions-pension-envy-makes-appearance-in-california-pension-crisis-222910

 

National Stories

The State of America’s Pension Funds (Global Research)
https://www.globalresearch.ca/the-state-of-americas-pension-funds/5630374

Column: Pension bill avoids 401(k)-style retirement plans (Cincinnati.com)
https://www.cincinnati.com/story/news/local/campbellcounty/2018/02/26/column-pension-bill-avoids-style-retirement-plans/110857170/

Wisconsin Unions Fight Collective-Bargaining Limits (Courthouse News Service)
https://www.courthousenews.com/wisconsin-unions-fight-collective-bargaining-limits/

Summer column: PERA hammers both the young, and democracy (Post Independent (Colo.)
https://www.postindependent.com/opinion/emmer-column-pera-hammers-both-the-young-and-democracy/

Pension Funds Under Pressure To Sell Off Investments In Gun-Makers (NPR)
https://www.npr.org/2018/02/26/588810413/pension-funds-under-pressure-to-sell-off-investments-in-gun-makers

You Might Be a Gun Owner — Even if You Don’t Possess a Weapon (NY Times)
https://www.nytimes.com/2018/02/26/business/you-might-be-a-gun-owner-even-if-you-dont-possess-a-weapon.html?mtrref=undefined

IPERS defends $8.8 million in investments in gun industry in wake of Parkland shooting (Des Moines Register)
https://www.desmoinesregister.com/story/news/politics/2018/02/26/ipers-defends-gun-industry-investments/373239002/

Here’s how much money the Florida Retirement System has made from gun stocks since the Parkland school shooting (Tampa Bay Business Journal)
https://www.bizjournals.com/tampabay/news/2018/02/27/here-s-how-much-money-the-florida-retirement.html

New York City, Albany Part Ways on Divesting Fossil-Fuel Stocks (Bloomberg)
https://www.bloombergquint.com/business/2018/02/27/new-york-city-albany-part-ways-on-divesting-fossil-fuel-stocks

February 26, 2018

California Stories

Editorial: More bad news for cities, counties on public pensions (Santa Cruz Sentinel)
http://www.santacruzsentinel.com/article/NE/20180224/LOCAL1/180229855

Column: Pension crisis coming to a head (Chico Enterprise Record)
http://www.chicoer.com/opinion/20180224/pension-crisis-coming-to-a-head

Court case could ‘financially cripple’ California unions (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article201986374.html

The Great American Pension Crisis (Credit Writedowns)
https://pro.creditwritedowns.com/2018/02/great-american-pension-crisis.html

Ventura to weigh Thomas Fire rebuilding rules, begin prepping next year’s budget (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/ventura/2018/02/25/ventura-weigh-thomas-fire-rebuilding-rules-begin-prepping-next-years-budget/367277002/

Moody’s: CalPERS’ shorter amortization period is credit positive for state (Pensions & Investments)
http://www.pionline.com/article/20180223/ONLINE/180229908/moodys-calpers-shorter-amortization-period-is-credit-positive-for-state

 

National Stories

Do you support gun control? Then take a closer look at your 401(k) (Marketwatch)
https://www.marketwatch.com/story/your-401k-probably-has-gun-stocks-in-it-heres-how-to-get-rid-of-them-2018-02-23

EDITORIAL New York’s ticking pension bomb (New York Post)
https://nypost.com/2018/02/25/new-yorks-ticking-pension-bomb/

Colorado teachers union, unlike Florida educators, isn’t seeking to purge gun stocks from PERA fund (Denver Post)
http://www.canoncitydailyrecord.com/news/colorado/ci_31689382/colorado-teachers-union-unlike-florida-educators-isnt-seeking

What Happened in Frankfort Last Week? Pension Bill, Pawn Shops, More. (River City News)
http://www.rcnky.com/articles/2018/02/25/what-happened-frankfort-last-week-pension-bill-pawn-shops-more

Op-ed: Retirement system sound, well-funded (Helena Independent Record)
http://helenair.com/opinion/columnists/retirement-system-sound-well-funded/article_43022824-a949-5286-b643-399bf573dbc1.html

Scranton pensions on path to financial recovery (The Times-Tribune)

http://thetimes-tribune.com/news/scranton-pensions-on-path-to-financial-recovery-1.2306421

Colorado’s public employee retirement portfolio contains small gun, ammo investments (The Denver Channel)
https://www.thedenverchannel.com/news/politics/small-portion-of-colorados-pera-portfolio-invested-in-gun-and-ammo-manufacturers

February 23, 2018

California Stories

Dan Walters: Pension Crisis Will Haunt California for Years to Come
http://www.citywatchla.com/index.php/los-angeles/14955-pension-crisis-will-haunt-california-for-years-to-come

California Proposal Seeks Shift from Public DB to DC (Plan Sponsor)
https://www.plansponsor.com/want-employees-invest-tax-savings-act-now/

Lodi Unified board calls for more funding for public schools (Lodi News-Sentinel)
http://www.lodinews.com/news/article_ed644d3e-17a3-11e8-9498-b753b9dbbae3.html

 

National Stories

This Is What Life Without Retirement Savings Looks Like (The Atlantic)
https://www.theatlantic.com/business/archive/2018/02/pensions-safety-net-california/553970/

Retirement Experts to New Government Employees: Think for Yourself (Governing)
http://www.governing.com/topics/workforce/gov-pension-reform-new-employees-retirement.html

Teachers and state employees face big pension changes. So do lawmakers. (Inside Louisville)
https://insiderlouisville.com/metro/teachers-and-state-employees-face-big-pension-changes-so-do-lawmakers/

Op-ed: With state pensions, the sky is not falling (Bozeman Daily Chronicle)
https://www.bozemandailychronicle.com/opinions/letters_to_editor/with-state-pensions-the-sky-is-not-falling/article_85ecdd17-86ed-5ff7-9db9-be651af38d25.html

Teacher Retirement Funds in 12 States Hold Gun Company Stocks (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-22/teacher-retirement-funds-in-12-states-hold-gun-company-stocks

Florida Teachers Demand Their Retirement Fund Dump Gun Stocks (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-22/florida-teachers-call-on-state-pension-to-sell-gunmakers-stakes

Why taking gun stocks out of the Florida teachers pension is not simple (Washington Post)
https://www.washingtonpost.com/news/get-there/wp/2018/02/21/florida-teachers-union-presses-state-pension-to-sell-shares-in-gun-manufacturers/?utm_term=.b13b2de8cad6

State pensions and fund companies feel heat over their investments in gun makers (CNBC)
https://www.cnbc.com/2018/02/22/state-pensions-and-fund-companies-feel-heat-over-their-gun-stock-investments.html

Bill Would Ban NJ Pension Funds From Investing In Gun Manufacturers (WBGO)
http://wbgo.org/post/bill-would-ban-nj-pension-funds-investing-gun-manufacturers#stream/0

 

February 22, 2018

California Stories

Retirement Debt: What’s the problem and how does it affect you? (Cal Matters)
https://calmatters.org/articles/california-retirement-pension-debt-explainer/

California Bill Would Allow State Workers to Opt Out of CalPERS (Chief Investment Officer)
https://www.ai-cio.com/news/california-bill-allow-state-workers-opt-calpers/

State lawmakers maneuver as CalPERS brings more change (The Bond Buyer)
https://www.bondbuyer.com/news/state-lawmakers-maneuver-as-calpers-brings-more-change

 

Dumanis Collected Pension and Salary in Last Two Years as DA (Voice of San Diego)
https://www.voiceofsandiego.org/topics/politics/dumanis-collected-pension-and-salary-in-last-two-years-as-da/

National Stories

Teachers face big cuts in pension plan that would save state $4.8 billion (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article201352514.html

Teachers and state employees face big pension changes. So do lawmakers. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article201429159.html

The Kentucky General Assembly finally has a pension bill, which varies greatly from Bevin’s original proposal (Insider Louisville)
https://insiderlouisville.com/metro/the-kentucky-general-assembly-finally-has-a-pension-bill-which-varies-greatly-from-bevins-original-proposal/

Pension reform bill filed, focuses on new system for future hires (The Lane Report)
https://www.lanereport.com/87361/2018/02/pension-reform-bill-filed-focuses-on-new-system-for-future-hires/

Managers tell ‘Real Story’ of public retirement system (Belgrade News (Montana)
http://www.belgrade-news.com/opinion/columnists/guest_columnists/managers-tell-real-story-of-public-retirement-system/article_92c1193c-1764-11e8-8282-d7a1e6c9b3a9.html

New York City Sanitation Worker’s $285,000 Pension Is More Than Twice His Salary (The Epoch Times)
https://www.theepochtimes.com/new-york-city-sanitation-workers-285000-pension-is-more-than-twice-his-salary_2446521.html

February 20, 2018

California Stories

Op-ed: Wall Street caused pension crisis, not cops and firefighters (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article200406739.html

OPINION Why does California’s Secure Choice program still exist? (Riverside Press Enterprise)
https://www.pe.com/2018/02/16/why-does-californias-secure-choice-program-still-exist/

Borenstein: On pension debt, CalPERS does the right thing — sort of (San Jose Mercury News)
https://www.mercurynews.com/2018/02/20/borenstein-on-pension-debt-calpers-does-the-right-thing-sort-of/

New Glazer bills take on state pensions, renter support, pet safety (Pleasanton Weekly)
https://www.pleasantonweekly.com/news/2018/02/19/new-glazer-bills-take-on-state-pensions-renter-support-pet-safety

Editorial: SR school district faces urgent need to make cuts (Santa Rosa Press Telegram)
http://www.pressdemocrat.com/opinion/8010159-181/pd-editorial-sr-school-district

Outside Audit Warns Santa Monica City Might Not Be Able to “Absorb” Coming Recessions (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/February-2018/02_20_2018_Outside_Audit_Warns_Santa_Monica_City_Might_Not_Be_Able_to_Absorb_Coming_Recessions.html

City ponders CalPERS liability (The Daily Independent)
http://www.ridgecrestca.com/news/20180217/city-ponders-calpers-liability

Judge Upholds Cut In Bustamante’s Pension Over Sex Crimes (Voice of OC)
https://voiceofoc.org/2018/02/judge-upholds-cut-in-bustamantes-pension-over-sex-crimes/

National Stories

Public Pensions Are Still Betting More Than Half of All Assets on Stocks (Wall Street Journal)
https://www.wsj.com/articles/public-pensions-are-still-betting-more-than-half-of-all-assets-on-stocks-1519131600

Gov. Rauner takes aim at teacher pensions (The DePaulia)
http://depauliaonline.com/32741/news/gov-rauner-takes-aim-at-teacher-pensions/

Rauner’s pension shift proposal “financially devastating” to QPS (Herald-Whig)
http://www.whig.com/20180217/rauners-pension-shift-proposal-financially-devastating-to-qps#

Editorial: Shifting Illinois pension burden to school districts is no budget solution (Herald-Whig)
http://www.whig.com/20180218/shifting-illinois-pension-burden-to-school-districts-is-no-budget-solution#//

Strategic cost cutting at Morehouse State due to pensions, budget cuts (The Daily Independent)
http://www.dailyindependent.com/news/strategic-cost-cutting-at-msu-due-to-pensions-budget-cuts/article_5cf88a24-1363-11e8-b1bd-2fe73c8520c5.html

Dan Haar: State could save billions by giving lottery to pension funds (Connecticut Post)
https://www.ctpost.com/business/danhaar/article/Dan-Haar-State-could-give-lottery-to-pension-12620782.php

Chaos in Traverse City, as county government wrestles with pension debt (Bridge (Mich.)
http://www.bridgemi.com/public-sector/chaos-traverse-city-county-government-wrestles-pension-debt

Michigan cities and counties haunted by retiree liabilities (Bridge (Mich.)
http://www.bridgemi.com/public-sector/michigan-cities-and-counties-haunted-retiree-liabilities

More than $6 billion gap in state pension funding draws concern (Alaska Public Media)
https://www.alaskapublic.org/2018/02/19/more-than-6-billion-gap-in-state-pension-funding-draws-concern/

Guest column: Facing up to our pension problems (Montana Standard)
http://mtstandard.com/opinion/columnists/facing-up-to-our-pension-problems/article_c53bafa0-e24a-5973-87e4-a78e621bdb0d.html

February 16, 2018

California Stories

CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article200191149.html

California’s massive state pension fund lost $15 billion in the recent market chaos (Value Walk)
http://www.businessinsider.com/californias-massive-state-pension-fund-lost-15-billion-in-the-recent-market-chaos-2018-2?r=UK&IR=T

Roseville to spend extra $500K a year on capital improvements (Roseville Press Tribune)
http://www.thepresstribune.com/article/2/15/18/roseville-spend-extra-500k-year-capital-improvements

National Stories

Case Study Warns of Effect of Move From Public DB to Public DC (Plan Sponsor)
https://www.plansponsor.com/case-study-warns-effect-move-public-db-public-dc/

February 15, 2018

California Stories

New pension plan will squeeze California cities (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article200057509.html

California Cities’ Pension Bills May Rise With Calpers Move (Bloomberg)
https://www.bloombergquint.com/onweb/2018/02/13/california-cities-pension-strains-may-deepen-in-calpers-move

California cities’ pension bills may rise with CalPERS move (Benefits Pro)
http://www.benefitspro.com/2018/02/14/california-cities-pension-bills-may-rise-with-calp

The Canary in the Coal Mine for California’s Public Pensions (American Institute for Economic Research)
https://www.aier.org/blog/canary-coal-mine-californias-public-pensions

California Cities’ Pension Bills May Rise With Calpers Move (Think Advisor)
http://www.themoreheadnews.com/news/state-pension-plan-said-to-be-imminent/article_0a1b2ab0-119b-11e8-a4a1-bfce8e4d9a66.html

Legislators Quietly Changed Reform Laws to Allow Pensioners, Like Dumanis, to Take Salary Too (Voice of San Diego)
https://www.voiceofsandiego.org/topics/government/legislators-quietly-changed-reform-laws-allow-pensioners-like-dumanis-take-salary/

Editorial: WHY CITIES LIKE CERES FACE BUDGET DISASTER (The Ceres Courier)
http://www.cerescourier.com/section/22/article/9905/

National Stories

Op-ed: Government unions are in deep trouble. And they have themselves to blame. (Washington Post)
https://www.washingtonpost.com/opinions/government-unions-are-in-deep-trouble-and-they-have-themselves-to-blame/2018/02/14/a317d396-11a8-11e8-8ea1-c1d91fcec3fe_story.html?utm_term=.d3563ad0f438

Rauner’s budget leans on local schools, state workers (The State Journal-Register)
http://www.sj-r.com/news/20180214/rauners-budget-leans-on-local-schools-state-workers

Rauner calls for $1B tax cut, pension reform
http://www.rrstar.com/news/20180214/rauner-calls-for-1b-tax-cut-pension-reform

Slowik: Rauner’s budget message fits trend — Make the other guy pay (Chicago Tribune)
http://www.chicagotribune.com/suburbs/daily-southtown/opinion/ct-sta-slowik-rauner-budget-shift-st-0215-20180214-story.html

No mandatory 401(k)-style retirement plans in pension bill, Senate president pledges (Lexington Herald Leader)
http://www.kentucky.com/news/state/article200137894.html

Will a long-awaited pension bill move new teachers into a ‘hybrid’ retirement plan? (Insider Louisville)
https://insiderlouisville.com/metro/will-a-long-awaited-pension-bill-move-new-teachers-into-a-hybrid-retirement-plan/

State pension plan said to be imminent (The Morehead News (Kentucky)
http://www.themoreheadnews.com/news/state-pension-plan-said-to-be-imminent/article_0a1b2ab0-119b-11e8-a4a1-bfce8e4d9a66.html

Editorial: Court acts justly on pension bilking (Providence Journal)
http://www.providencejournal.com/opinion/20180214/editorial-court-acts-justly-on-pension-bilking

COMMENTARY Standing up for public employee unions (Minneapolis Star Tribune)
http://www.startribune.com/standing-up-for-public-employee-unions/474106793/

Candid talk needed to address state’s pension woes (Belgrade News)
http://www.belgrade-news.com/opinion/columnists/guest_columnists/candid-talk-needed-to-address-state-s-pension-woes/article_e10ee50c-11e1-11e8-894c-2fbf9d5d71e8.html

February 14, 2018

California Stories

EDITORIAL: Public pension nightmare is getting worse (Modesto Bee)
http://www.modbee.com/opinion/editorials/article199945369.html

California Cities’ Pension Bills May Rise With Calpers Move (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-13/california-cities-pension-strains-may-deepen-in-calpers-move

Senator John Moorlach introduces Senate Bill 1031 to protect pensions funds (OC Breeze)
http://www.oc-breeze.com/2018/02/13/117252_senator-john-moorlach-introduces-senate-bill-1031-protect-pensions-funds/

Op-ed: Newport Beach is making progress on pension, other debts but prudence is advised (LA Times)
http://www.latimes.com/socal/daily-pilot/opinion/tn-dpt-me-commentary-20180213-story.html

National Stories

Op-ed: Montana must face up to its pension problems (Bozeman Daily Chronicle)
https://www.bozemandailychronicle.com/opinions/guest_columnists/montana-must-face-up-to-its-pension-problems/article_9565ea47-674d-579a-9786-15ef24e8c202.html

Support eroding in House for 401(k)-style public pensions (Insider Louisville)
https://insiderlouisville.com/education-community/k-12/support-eroding-in-house-for-401k-style-public-pensions/

Will a long-awaited pension bill move new teachers into a ‘hybrid’ retirement plan? (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article199977974.html

Gov. Phil Murphy takes on immigration, marijuana and pension during first ‘Ask Governor Murphy’ show (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20180213/gov-phil-murphy-takes-on-immigration-marijuana-and-pension-during-first-ask-governor-murphy-show

February 13, 2018

California Stories

Pension fund hits milestone: It’s earning more money than it’s paying out (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article199757439.html

Editorial: The pension nightmare for California’s cities is getting scarier (Sacramento Bee)
http://www.sacbee.com/opinion/editorials/article199693069.html

CalPERS loses 4.6 pct in recent market maelstrom (Reuters)
https://www.reuters.com/article/california-calpers-stocks/calpers-loses-4-6-pct-in-recent-market-maelstrom-idUSL2N1Q21GP

Political Landscape: State Sen. Moorlach proposes cost-of-living limit on state pension systems (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pol-landscape-20180212-story.html

Editorial: Petaluma may face a tough sell on pension tax (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/7988640-181/pd-editorial-petaluma-may-face

La Verne City Council authorizes city administrators to move forward on measure to address pension obligation (SGV Tribune)
https://www.sgvtribune.com/2018/02/12/la-verne-city-council-authorizes-city-administrators-to-move-forward-on-measure-to-address-pension-obligation/

National Stories

Next Crisis in Finance May Be Public Pensions, $1.2 Trillion Asset Manager Says (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-12/next-crisis-in-finance-may-be-public-pensions-pgim-s-hunt-says

Public pensions may be next crisis, PGIM’s Hunt says (Benefits Pro)
http://www.benefitspro.com/2018/02/12/public-pensions-may-be-next-crisis-pgims-hunt-says

Business leaders tell lawmakers to dump teachers’ defined-benefits pensions (Insider Louisville)
https://insiderlouisville.com/metro/business-leaders-tell-lawmakers-to-dump-teachers-defined-benefits-pensions/

Days after controversial email, support eroding in House for 401(k)-style public pensions (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article199772204.html

Arizonans may pay higher court fees with new bill to fund pensions for judges, politicians (Arizona Central)
https://www.azcentral.com/story/news/local/arizona-investigations/2018/02/12/arizonans-could-pay-higher-court-fees-fund-judges-politicians-pensions/324653002/

Financially distressed no more: The city of Pittsburgh finally exits Act 47, free from state oversight (AP)
http://www.wtae.com/article/financially-distressed-no-more-pittsburgh-exits-act-47/17045385

February 12, 2018

California Stories

California pensions facing hit as charter schools consider leaving (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article199324794.html

Dan Walters: Cities should fess up about taxes and pensions. Sacramento, that means you (CalMatters)
http://www.sacbee.com/opinion/california-forum/article198975699.html

When do CalPERS rates become ‘unsustainable’? (Calpensions)
https://calpensions.com/2018/02/12/when-do-calpers-rates-become-unsustainable/

Report: Pension costs for cities approaching unsustainable level (Vacaville Reporter)
http://www.thereporter.com/general-news/20180209/report-pension-costs-for-cities-approaching-unsustainable-level

National Stories

Kentucky business leaders tell lawmakers to dump teachers’ defined-benefits pensions (Kentucky Herald Leader)
http://www.kentucky.com/news/politics-government/article199570769.html

Civic Federation warns ‘significant problems remain’ in budget recommendations (Chicago Sun-Times)
https://chicago.suntimes.com/chicago-politics/civic-federation-warns-significant-problems-remain-in-budget-recommendations/

Editorial: In Illinois governor race, Democrats obsess over raising taxes (Daily Herald)
http://www.dailyherald.com/discuss/20180210/editorial-in-governor-race-democrats-obsess-over-raising-taxes

CAN ESG HELP MAKE NJ’S PENSION-FUND INVESTMENTS MORE ETHICAL? (NJ Spotlight)
http://www.njspotlight.com/stories/18/02/11/can-esg-help-make-nj-s-pension-fund-investments-more-ethical/

Labor Chiefs Make Their Pitch To CEOs Studying Connecticut’s Competitiveness (Hartford Courant)
http://www.courant.com/business/hc-biz-competitiveness-panel-20180209-story.html

 

February 9, 2018

California Stories

Borenstein: Ain’t seen nothing yet; California pension cost rise just starting (San Jose Mercury News)
https://www.mercurynews.com/2018/02/08/borenstein-aint-seen-nothing-yet-pension-cost-rise-just-starting/

California: What Does the Market Plunge Mean to Your Pensions? (City Watch)
http://www.citywatchla.com/index.php/los-angeles-for-rss/14848-california-what-does-the-market-plunge-mean-to-your-pensions

Marin Voice: Too many unanswered questions about Kentfield tax (Marin Independent Journal)
http://www.marinij.com/opinion/20180208/marin-voice-too-many-unanswered-questions-about-kentfield-tax

National Stories

Is Your Pension Fund Plundering Puerto Rico? (Alternet)
https://www.alternet.org/news-amp-politics/your-pension-fund-plundering-puerto-rico

WV Senate bills could subtract money from teachers’ unions, their leaders (Charleston Gazette Mail)
https://www.wvgazettemail.com/news/education/wv-senate-bills-could-subtract-money-from-teachers-unions-their/article_9f2f3335-93ff-5e42-85c9-b0f287a68af6.html

Ashland commission orders hiring freeze as pension concerns grow (The Daily Independent)
http://www.dailyindependent.com/news/ashland-commission-orders-hiring-freeze-as-pension-concerns-grow/article_d8d6570c-0d1e-11e8-a83a-6bfde82c5e02.html

Korn Ferry Tapped to Find Executive Director for MOSERS (Missouri)
https://huntscanlon.com/korn-ferry-tapped-find-executive-director-mosers/

Don’t miss PERS subplot in firing of NLV city manager Qiong Liu (Las Vegas Review Journal)
https://www.reviewjournal.com/opinion/opinion-columns/victor-joecks/dont-miss-pers-subplot-in-firing-of-nlv-city-manager-qiong-liu/

February 8, 2018

California Stories

Dan Walters: Surging pension costs push more California cities toward bankruptcy (Napa Valley Register)
http://napavalleyregister.com/news/opinion/columnists/dan-walters/dan-walters-surging-pension-costs-push-more-california-cities-toward/article_38e96f2c-5e73-50bd-867e-0a6bfb68560a.html

Council demands investigation of generous pension program that doubled pay of workers who went on leave (LA Times)
http://www.latimes.com/local/lanow/la-drop-city-council-20180207-story.html

California’s OPEB Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/02/californias-opeb-crisis/

California Governor Candidates Dodge Pension Cuts That Brown Foresees (Bloomberg)
https://www.bloomberg.com/news/articles/2018-02-07/california-governor-candidates-dodge-pension-cuts-brown-foresees

CalPERS pounds the table in response to reports showing a looming state pension crisis (R Street)
http://www.rstreet.org/op-ed/calpers-pounds-the-table-in-response-to-reports-showing-a-looming-state-pension-crisis/

Petaluma exploring public safety sales tax hike (Petaluma Argus Courier)
http://www.petaluma360.com/news/7949772-181/petaluma-exploring-public-safety-sales

National Stories

Officials project longterm savings in city pension agreement (The Bulletin (Conn.)
http://www.norwichbulletin.com/news/20180207/officials-project-longterm-savings-in-city-pension-agreement