December 15, 2017


California Stories

David Crane: Courage: The Most Overused Word In Politics (Fox & Hounds)

Pharmacy costs continue to soar for CalPERS, state’s public employee health system (OC Register)

Camarillo considers investment plan to help fund pension gap (Camarillo Acorn)

National Stories

Pension reform, taxes and the budget: Matt Bevin reaches his defining moment as governor (Courier Journal)

Atlanta City Council Approves Pension Board Reform Ordinance (Atlanta Daily World)

Unfunded Liabilities of State Public Pensions Top $6 Trillion in 2017 (Washington Free Beacon)

N.J. lawmakers fast-track bill to boost pensions for elected officials (North Jersey)

Atlanta passes ordinance to consolidate 3 city pension fund boards (Pensions & Investments)

Report: Nevada’s state, local government workforce the least productive (Watchdog)

Connecticut pension system worst in the nation, according to new study (Yankee Institute)

Governor’s race fundraiser in Telluride raises PERA concerns because of event co-sponsor’s activism in public pension reform (The Denver Post)

13 Surprising Companies That Still Give Out Pensions (Cheat Sheet)

PERA pension peril (The Pueblo Chieftan (Colo.)

December 14, 2017

California Stories

Key player in San Diego pension debacle back at negotiating table (San Diego Union Tribune)

Appeals court hearing sets stage for California rulings on altering pension benefits (Pensions & Investments)

New CalPERS board member leery of private equity takeover (Pensions & Investments)

National Stories

Phil Murphy picks Democratic assemblywoman Elizabeth Maher Muoio as state treasurer (North Jersey)

Representatives introduce electronic disclosure bill for retirement plan information (Pensions & Investments)

December 13, 2017

California Stories

OPINION CalPERS exposes taxpayers to unnecessary risks (OC Register)

Guest editorial: ‘California rule’ on pensions must go (Ventura County Star)

OPINION Jerry Brown’s Pension Epiphany (WSJ)

CalPERS Reports 11.2% Return for Fiscal Year 2017 (Chief Investment Officer)

Cities look at tax hikes to pay rising pension costs (Fox & Hounds)

Report says CalPERS investments too focused on environmental and social activism (San Diego Union Tribune)

Jerry Brown Finally Spends Political Capital to Fix Pension Crisis (Reason)

Citizen Panel Members Recommends Wage or Hiring Freeze at Santa Monica City Hall (Santa Monica Lookout)

New Tustin mayor Al Murray targets preparedness, transportation, pensions and technology (OC Register)

Another Voice: Nine and a half million dollar pension fund fraud? (Ukiah Daily Journal)

National Stories

Pension Reform Comes In Many Shapes And Sizes (Forbes)

Pensions should avoid politics and invest for the benefit of our workers (The Hill)

Kicking the can down the road: Letter to the editor (The Oregonian)

Senate approves multi-bill reform effort for Michigan’s municipal pension plans (The Peninsula)

S.C. can’t risk abandoning employee pensions (Post and Courier)

Nashville pension fund paying Wall Street 40% more than previously disclosed (Tennessean)

EDITORIAL: Stark fiscal realities await Murphy (

HEALEY/BYRNE: Public employee benefits must reflect state’s means (

December 8, 2017

California Stories

Editorial: Jerry Brown’s Pension Epiphany (Wall Street Journal)

Debbe Bailey: Learn more about public employee pensions for spouting off (Modesto Bee)

Southern California wildfires affect Ventura County pension fund (Pensions & Investments)

Can CalPERS Time the Market? (Institutional Investor)

National Stories

With grim pension warning, Christie makes bid for lame-duck relevance (North Jersey)

Jack Bogle Is Worried About U.S. Pensions (Bloomberg)


Christie panel says only benefit cuts can fix New Jersey Pension Fund (Pensions & Investments)

Police, fire pensions likely to be a hot-button issue in the year to come (Westport News)

Wolf: Pensions for convicted officials a ‘betrayal of the public’s trust’ (ABC 27)

Pensions and perps: Widen forfeiture for state workers turned criminal (Pittsburgh Post-Gazette)

December 7, 2017

California Stories

OPINION Gov. Jerry Brown stands up to union on pensions (OC Register)

California is putting retirees at risk with social justice pension investments (Washington Examiner)

National Stories

How big will Conyers’ pension be? (The Detroit News)

Stapleton says PERA reforms necessary to avoid state credit downgrade (The Gazette (Colo.)

Christie makes final pitch for more public employee benefit reforms (Burlington County Times)

Christie proposes slashing health benefits for pension funding (

Christie Panel Says Only Benefit Cuts Can Fix N.J. Pensions (Bloomberg)

December 6, 2017

California Stories

SLO County will cover its pension shortfall by making employees pay more (SLO Tribune)

Public works, libraries, city offices closed as Oakland workers strike (KTVU)

National Stories

Retirement dream — more money for travel, less for health care? (Chicago Sun Times)

Editorial: Even Rauner knows he’s failed (Quad City Times)

Op-Ed: Pension reform isn’t anti-public employee (Traverse City Record Eagle)

Green Investments Won’t Save Public Pensions (Value Walk)

Public Pension Funds’ Anti-Fossil Fuel Activism Raises Risks For Beneficiaries (Forbes)

Pension Funds’ Rush to Go Green Costs Retirees Their Green (Real Clear Markets)

December 5, 2017

California Stories

Editorial | State-crushing ‘California rule’ on pensions must go (San Diego Union Tribune)

OPINION California needs fiscal restraint – even in good times (OC Register)

CalPERS Chief Operating Investment Officer Steps Down (Institutional Investor)

Letter: Get rid of all pensions for public employees (Modesto Bee)

Report blasts CalPERS’ environmental and social ‘activism’ (Sacramento Bee)


National Stories

Column: Act now to fix pension system (Detroit News)

Kate Brown to business leaders: State budget troubles linger (The Oregonian)

Rising retirement costs are placing pressure on college tuitions (East Oregonian)

Hearings To Begin In Lansing On Local Pension Funding (WEMU)

Philly union presses pensions to drop nonunion hotel funding (Philadelphia Inquirer)

Offering pensions can help autocrats stay in power longer (Washington Post)

CVS acquisition of Aetna affects $23 billion in retirement assets (Pensions & Investments)

December 4, 2017

California Stories

Will Brown pension reform lead to more reform? (Calpensions)

Greenhut: Gov. Brown finally spends political capital to fix pension system (OC Register)

Coupal: Don’t let California become Chicago (OC Register)

Drummond: Yorba Linda city leaders making extra payments toward funding pensions (OC Register)

Encinitas puts $500,000 toward pension liability (The Coast News Group)

Day of reckoning due on public pension costs, tax watcher tells seniors (Fairfield Daily Republic)

CalPERS buys stake in wind farms to expand renewable energy holdings (IPE)

December 1, 2017

California Stories

Sen. Glazer: Use surplus to pay down California pension debt (San Jose Mercury News)

LETTERS TO THE EDITOR Brown’s pension reforms ‘Worth Fighting For’ (Fresno Bee)

Will court filing salvage Jerry Brown’s legacy? (R Street)

CalPERS buys 80% stake in wind farms (Pensions & Investments)

National Stories

With House Republicans in chaos over scandal, secrecy rules on pension reform (Lexington Herald Leader)

Lawmakers: Session for pension bill still possible (Kentucky New Era)

RESEARCH & COMMENTARY: HYBRID PENSION REFORM MODELS (Heartland Institute)–commentary-hybrid-pension-reform-models

Waukegan mayor proposes property tax hike to cover long-term pension costs (Chicago Tribune)

Climate change a risk to Md.’s pension system (The Daily Record)

Former York Suburban superintendent unlikely to lose Pa. pension after criminal charges (York Daily Record)

Kansas Public Employees wants deferred compensation plan officer (Pensions & Investments)

Letter: Employee pension (Post and Courier)

November 30, 2017

California Stories

Editorial: Gov. Brown takes on serious pension reform (SF Chronicle)

Nov. 30 Letters: Bravo to governor for stance on pensions (San Jose Mercury News)

CALmatters Commentary: Brown, with nothing to lose, defies unions on pensions (Fairfield Daily Republic)

Will Court Filing Salvage Jerry Brown’s Legacy? (The American Spectator)

San Francisco’s pension fund enriches President Trump (San Francisco Examiner)

Increased pension contributions are coming, and MPUSD braces for budget hits. (Monterey County Weekly)

Marin County Employees lowers assumed rate of return (Pensions & Investments)

National Stories

Jersey’s troubled public worker pension system just hit a mark not seen in 2 years (

Bipartisan concern in Springfield for rising pension costs (Illinois News Network)

Guest Columns: State should start investing pension funds in a ‘boring, responsible’ manner (Albuquerque Journal)

Mich. police, fire rally to protect retirement benefits (Detroit News)

November 29, 2017

California Stories

Editorial: Gov. Brown takes a bold stand on pensions (Sacramento Bee)

David Crane: Jerry Brown Steps Up For Citizens (Fox & Hounds)

Dan Walters: Jerry Brown, nearing end of term, defies unions on pensions

SLO is facing a major budget shortfall, and it has two questions for residents (SLO Tribune)


National Stories

Kent. House Republicans say they’re close to a deal on a revised pension reform proposal (Courier Journal)

Kentucky pension costs rise at expense of NKU employees, students (The Northerner)

State should start investing pension funds in a ‘boring, responsible’ manner (Albuquerque Journal)

McHenry County could offer incentive for opting out of pension (Daily Herald)

Some state retirees living large on public pensions, Inquirer finds (Philadelphia Inqurier)

November 28, 2017

California Stories

Editorial: Stop playing the pension blame game (LA Times)

Editorial: Brown comes to taxpayers’ defense on pensions (San Jose Mercury News)

‘Something’s got to give,’ sales tax panel member says of Fairfield pension costs (Fairfield Daily Republic)

Moorlach: A Crucial Pension Reform Congress Must Enact (Voice of OC)

A city fights with CalPERS’ costs (Capitol Weekly)

Stanford Study: Rising Cost of Public Employee Pensions Eat Up San Jose’s New Tax Revenue (San Jose Inside)

National Stories


Letter: Pension crisis will hurt workforce (The Gleaner (Kent.)

KPERS funding improves, but $9B in unfunded liability remains (Topeka Capital-Journal)

R.I. asks high court to reject retirees’ bid to regain lost benefits (Providence Journal)


November 27, 2017

California Stories

Editorial: Stop playing the pension blame game (LA Times)

California should be able to reduce public employees’ pension benefits, Jerry Brown argues (Sacramento Bee)

EDITORIAL California’s pension reform has been left unfinished (Riverside Press Enterprise)

One city’s struggle with mounting CalPERS costs (Calpensions)

Dan Walters: California’s state budget seems healthy, but it isn’t. Brown should spend some political capital on tax reform (Sacramento Bee)

Vicious cycle: Large pension debts making it more expensive to borrow funds (Half Moon Bay Review)

CalPERS is shocked – just shocked – to find cities reeling under the burden of growing pension debt (R Street)

OPINION Secret union negotiations aren’t in the best interest of taxpayers (OC Register)

National Stories

GOP Tax Overhaul Could Hit State and Local Pension Plans With Federal Tax (Route Fifty)

EDITORIAL Don’t let PERA drag Colorado down (Denver Post)

Texas Pension Bets Bigger on Hedge Funds as Others Back Away (Bloomberg)

Study Lays Out “Pension Penalty” (Alton Daily News (Ill.)

Pa.’s top pension earners take home hundreds of thousands a year (The Morning Call)

Editorial: N.M. should quit paying pensions for elected felons (Albuquerque Journal)

November 22, 2017

California Stories

Lou Cannon: In Spite of Positive Reforms, Many State Pensions Funds in Precarious Position (Noozhawk)

National Stories

New Report Claims Pension Crisis A Myth (Value Walk)

Public Pensions Have Been Able to Pay Promised Benefits (Plan Sponsor)

Should Failing Private Pension Funds Get a Federal Bailout? (The Fiscal Times)


Who’s looking out for the taxpayers? (Bluffton Today (S.C.)

Giving thanks for great public school teachers — and other endangered species. (Lexington Herald Leader)

Letter: Public pensions (Post & Courier)


November 20, 2017

California Stories


CalPERS shelves rate increase opposed by cities (Calpensions)

Greenhut: Losing your pension? CalPERS wants to shift blame to cities (Long Beach Press Telegram)

$112.2M PENSION SHORTFALL (Manteca Bulletin)

‘Pension millionaires’ focus distorts benefits picture, retired probation officer says (Fairfield Daily Republic)

How to figure out the right time for retirement (LA Times)

County supervisors recognize public employees and talk retirement funding (Plumas County News)


National Stories

NCPERS: Trying to close or freeze underfunded pension plans is misguided (Pensions & Investments)

Report: Public Pension Plans Consistently Meet Obligations (Chief Investment Officer)

US Rep. Richard Neal, Democrats push bill to ensure retired workers get their full pensions (Mass Live)

Louisiana Spotlight: Retirement debt a hidden cost in budget debate (The Advocate)

Republican lawmaker: Why I’m rooting for Murphy to succeed | Opinion (

OPINION: Support Kentucky pension reform, and teach students investment basics (The Lane Report)

City officials mull options to pay for PERS jump (The Argus Observer (Ore.)


November 17, 2017

California Stories

Open Reporting: Help us explore how pension costs are hitting schools (Cal Matters)


National Stories

NCPERS Analysis Shows Public Pension Plans Consistently Meet Obligations

Lawmaker says ‘votes aren’t there’ in the House for pension reform (Richmond Register)

Fossil Fuels’ Fishy New Friends (Bloomberg)

Colorado’s credit rating could tumble if PERA finances don’t improve, agency says (Denver Post)

SC pension reform: Who’s looking out for the taxpayers? (The Island Packet)

Pittsburgh no longer ‘financially distressed,’ according to state oversight team (Trib Live)

New Jersey Public Unions, Ascendant (City Journal)

Labor and activists celebrate pushback against constitutional convention (New York Amsterdam News)

RESEARCH & COMMENTARY: CASH BALANCE PLANS ARE A SOLID OPTION FOR PENSION REFORM (Heartland Institute)–commentary-cash-balance-plans-are-a-solid-option-for-pension-reform


November 16, 2017

California Stories

Once modest government benefits produce ‘pension millionaires,’ taxpayers told (Fairfield Daily Republic)

CalPERS Stakeholders Argue for Status Quo (Chief Investment Officer)

Lodi’s Schwabauer, other city managers tackle pension crisis (Lodi News-Sentinel)

National Stories

South Carolina government going to 401(k) not likely to increase recruiting pool, expert says (Post and Courier)

Pension counterproposal needs to be considered (The Richmond Register)

November 14, 2017

California Stories

Opinion: How did CalPERS dig a $153 billion pension hole? (San Jose Mercury News)

CalPERS wants broke cities to deliver bad news to out-of-luck pensioners (Sacramento Bee)

CalPERS considers upping fixed-income investment, lowering volatility (Reuters)

Calpers considers more than doubling bond allocation to 44% (Benefits Pro)

One of the World’s Biggest Funds Is Slashing Its Exposure to Stocks (Bloomberg)

CalPERS Mulls Fixed-Income Future (Chief Investment Officer)

Op-ed: Private equity isn’t a good investment for CalPERS (Sacramento Bee)


National Stories

Kentucky’s public pension debt grew by more than $5 billion last year (Lexington Herald Leader)

Bevin insists ‘the votes are still there’ for his pension reform plan (Lexington Herald Leader)

Bevin withholds analysis of how much his pension plan would cost taxpayers (Lexington Herald Leader)

Lake Havasu City (Ariz.) to mull borrowing to pay down pension debt (AP)

N0vember 13, 2017

California Stories

Borenstein: End CalPERS’ reckless pension debt repayment plans (San Jose Mercury News)

Op-ed: Out-of-control pension costs could doom local governments across California (SLO Tribune)

The ailing state unemployment insurance fund (San Francisco Chronicle)

Another Voice: Mendocino County officials hid pension increases from the people (Ukiah Daily Journal)

Hostile workplace claims from 2006 dog CalPERS candidate (Sacramento Bee)

National Stories

GOP tax reform a mix of good and bad so far (Pensions & Investments)

Defined benefit pension plans help retain teacher talent (Benefits News)

The Constitution can’t protect underfunded public pensions (New York Post)

Appeals court rules against Milwaukee County in retirement dispute with more than 600 workers (Journal Sentinel)

EDITORIAL: Virginia’s pension plan still short $20.7 billion (

Letter: It’s always the fault of the NJEA? (North Jersey)

Analysis: Mississippi budget practices receive mixed grades (AP)

Cynical Bill Shows Why Public-Sector Abuses Are Rampant (Reason)

East Point’s pension plan largest in city’s history (Atlanta Journal Constitution)

Connecticut’s Budget Fails to Solve Its Long-Term Problems (National Review)

How Cyber-Thieves Stole From Iowa Pension Accounts (Governing)

November 9, 2017

California Stories

OPINION California needs to tackle its pension problems for the good of Orange County cities (OC Register)

CalPERS Retirees Targeted In Telephone Scam (The Independent)

Meketa says CalPERS’ new private equity structure misses opportunities, produces challenges (Pensions & Investments)

National Stories

States’ Financial Practices Get Graded (Governing)

Hoover Scandal Disrupts Pension Debate (WEKU)

OP-ED Nothing new, and nothing good, in Bevin’s attacks on public employees, pensioners (Lexington Herald Leader)

Pension forfeit measure would help fight corruption, experts say (Newsday)

Letters: Charters threaten retirement system (The Advocate)

Unions flexed muscle in defeat of Con Con (Niagara Gazette)

November 8, 2017

California Stories

Lou Paulson: False Platitudes (Fox & Hounds)

National Stories

U.S. Public Pensions Returned 3.5% Last Quarter (Bloomberg)

New York voters nix constitutional convention, vote to reform pensions (Buffalo News)

Education groups unveil alternative pension plan (The Daily Independent)

OPINION: Pensions and pension reform (The Lane Report)

Editorial: Phil Murphy: Fight for us, not with us (North Jersey)

Pension? Not for Corrupt Lawmakers Anymore in New York. (Governing)

South Carolina’s underfunded pensions report large investment gains during the past year (Post and Courier)

Hickenlooper right to shield taxpayers from cost of PERA (Denver Post)

November 7, 2017

California Stories

San Benito County’s 100K Club (Benito Link)

National Stories

Kentucky pension bill stalls as key Republican faces sexual harassment claims (The Hill)

Bevin did the right thing on sexual harassment, Hoover. Now what, GOP? (Lexington Herald Leader)

Kentucky pension reform: Teachers unveil alternative proposal (Courier Journal)

Private meeting of Kentucky House on pensions was illegal, attorney general says (Lexington Herald Leader)

Education groups unveil alternative pension plan (Richmond Register)

Oregon task force identifies measures to reduce unfunded pension liabilities by about $5 billion (Pensions & Investments)

Neither Major Party Gubernatorial Candidate Has a Serious Plan to Fix New Jersey’s Pension Crisis (Reason)

Cyber-thieves used ‘pretty clever’ tactic to steal IPERS’ pension benefits (Des Moines Register)

November 5, 2017

California Stories

Can CalPERS Divestment Make A Difference In Controversial Projects? (Capital Public Radio)

OPINION Daly’s cynical bill shows why public-sector abuses are rampant (OC Register)

Could CalSTRS reserve pay down pension debt? (Calpensions)

Political Road Map: Trump and gun investments spark debate for California pension funds (LA Times)

Redding to grand jury: pension deadlines ‘not reasonable’ (Redding Record Searchlight)


National Stories

OP-ED Asinine, criminal pension proposal is not keeping a promise (Lexington Herald Leader)

Some fear pension plan could hurt retention, hiring (Messenger Inquirer)

Letter to the Editor: ‘How a 401K Plan Saved My Retirement’ (Surf KY News)

What you should know about proposal to strip pensions from corrupt NY officials (Auburn Pub)

Retired public workers should get what state promised (Central Maine)

November 3, 2017

California Stories

New scam targets CalPERS retirees (Sacramento Bee)

LAUSD backs off proposal to cut health care and is now set to guarantee benefits at current levels for three more years (LA School Report)

Brother of Las Vegas shooting victim Jennifer Irvine urges educator-only pension to divest in guns (ABC 10 News)

Calif. retirement system to review holdings after Las Vegas shooting (Las Vegas Review-Journal)


National Stories

Kentucky pension reform bill may go through some changes (WLKY)

Kentucky lawmakers present pension bill to skeptical audience (News-Graphic)

Negotiations on Dallas teachers deal focused on health care (The Dallas Post)

EDITORIAL Another PERS task force (Eugene Register Guard)

Would these convicted NY officials have lost pensions under proposed law? (

Pension payments stolen from Iowa public employee retirees’ accounts (KWQC)


November 2, 2017

Pensions in the News: Media Clips for November 2, 2017

Californians for Retirement Security


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California Stories

Who Pays? The CalPERS Pension Buck Identifies the Income Sources of Public Employee Pensions (CalPERS)

Brother of Las Vegas victim wants California pension funds to divest from gun sellers (Sacramento Bee)

California’s teachers pension fund will consider divesting from gun retailers following mass shootings (LA Times)

In good times and in bad, California’s pension fund managers win fat bonuses (R Street)


National Stories

The Legalities of Pension Reform: How Do You Get There from Here? (Washington Post)

Pensions Aren’t Just A Kentucky Problem. Here’s What Other States Have Done (WFPL)

Guest column: Pension proposal ‘Cuts the Promise’ (The Gleaner)

Here Are Some Ways Oregon Could Raise $5 Billion To Shrink Pension Debt (NW News Network)

Michael Scribner: Stop messing with public employees’ pensions (Topeka Capital-Journal)

Education, pensions top priorities in Colorado guv’s budget (AP)

Task force recommends how to cut Oregon’s pension deficit (AP)