Fighting Back on Retirement Benefits

July 11, 2019


Portola Valley school district’s budget sound, but $1.2 million in cuts may come if parcel tax isn’t renewed


When Millions Can’t Afford to Retire, the U.S. Needs a Better Option

Millions in US taxpayers’ money invested in private prison firms

Public Pensions Pour Millions into Private Prison Companies

Miami Commissioner Proposes Rule That COuld Conveniently Give Him Early Pension

Colorado Editorial Roundup

Kentucky House Leader: Special Legislative Session Likely for July 19

Legislative Update: Public Pensions Remain a Topic of Discuss

Gov. Cuomo says he has to look into St. Clare’s pensions after calls for action

Fired ex-Mesa police Officer Philip Brailsford rehired to help him get a public-safety pension

July 10, 2019


California’s second largest pension fund says Trump’s tweets are a market risk

Judge Unlikely to Block Cap on Temp Work by Retired California Judges


Setting the record straight about American’s multiemployer pension crisis

Miami commissioners might restore the publicly funded pensions they lost a decade ago

Chicago Pensions Are no longer 27% funded (it’s now 23%)

This new law makes the pension hole deeper. Here’s how.

July 8, 2019

California Stories

California cities, counties spent $4 billion on overtime in 2018 (OC Register)

National Stories

Editorial: An age-old topic that the legislature doesn’t address (Journal Inqurier (Connecticut)

Gov. Pritzker still looking at pension fix (State Journal-Register)

Phoenix voters could fundamentally change the city in August. Why is no one campaigning? (Arizona Republic)

New law requires Maryland pension system to disclose millions in fees paid to Wall Street firms (Baltimore Sun)

New road-funding scheme: Issue $10B in teacher pension debt to free up cash (Crain’s Detroit Business)

Class action pension suit filed against Corteva, DuPont (Delaware Business Now)

July 5, 2019

California Stories

California is requiring firms to offer retirement plans for workers. N.J. and Pa. are still pondering it. (Philadephia Inqurier)

Dan Walters: New state budget a windfall for unions (CalMatters)

Upland’s revenues grow, outpacing increased pension costs (Daily Bulletin)

National Stories

Gov. Pritzker still looking at pension fix (State Journal-Register)

Op-Ed: Chicago pension bailout isn’t the solution, reform is (The Center Square)

Bank Of America Divests from Private Prisons; Your 401K May Be a Different Story (Yahoo)

Report highlights US pension shortfall (Public Finance International)

July 2, 2019

California Stories

Worried about retiring? California will help you save money (LA Times)

Workers in California are one step closer to retirement security (Market Watch)

It’s about to get easier for millions of California workers to save for retirement (Business Insider)

National Stories

Hedge fund, IPI chief sue Pritzker to void $14 billion of state debt (Crain’s Chicago Business)

Lightfoot still pressing for state bailout (Capitol Fax)

EDITORIAL: New mayor, governor had better be pulling together (Chicago Sun Times)

Gov. Phil Murphy: After losing that budget fight he’s not making history; he is history | Mulshine (

Public safety pension plan costs hurting county (Parker Pioneer (Ariz.)

July 1, 2019

California Stories

This time CalPERS plans for stock market drop (Calpensions)

Grand jury: Vacaville retiree benefit package ‘not sustainable’ (Fairfield Daily Republic)

Riverside passes budget without cuts but eyes ‘insolvency’ in 2023 (Riverside Press Enterprise)

Grand jury tells Upland it’s time to get serious about a plan to fund pensions

National Stories

Pension Crisis Deepens in U.S. as Strategies Shift, Outlooks Dim (Bloomberg)

EDITORIAL: Why government pension plans are failing and what to do about it (Las Vegas Review Journal)

NJ budget 2019: Murphy signs budget, narrowly avoiding a government shutdown (North Jersey Record)

June 25, 2019

California Stories

Getting ready for recession, California’s $215 billion budget fills reserves. But is it enough? (Sacramento Bee)

CEO of huge L.A. County pension fund ousted amid tensions and questions (LA Times)

National Stories

About 18 percent of public employee retirees move out of state (Capitol Fax)

June 21, 2019

California Stories

Spotlight On California Pension Funds As Climate Risk Reporting Deadline Approaches (Value Walk)

San Diego Unified teachers to get 4% pay increase with new contract (San Diego Union Tribune)

National Stories


Pritzker praises pension buyout program, backs public safety pension consolidation (The Center Square Illinois)

Convicted ex-sheriff won’t get a pension, saving taxpayers $1.6 million (WHYY)

June 20, 2019

California Stories

Editorial: Oregon shows pension reform within reach (San Diego Union Tribune)

CalPERS pensions mostly restored for retirees who sued after losing promised income (Sacramento Bee)

Santa Maria Looks to Add Public Safety Jobs Amid Bleak News from CalPERS (Noozhawk)

CalPERS officials consider using leverage on portfolio in an economic downturn (Pensions & Investments)


National Stories

The best and worst examples of public pension oversight (Patch)

Concerns over pensions grow as deadline nears (Spectrum News Kentucky)

Rhode Island newspaper takes jab at Connecticut in editorial, calls state ‘a sea of dysfunction’ (Hartford Courant)

Decision Could Change Illinois’ Pension Protections (Alton Daily News)

Editorial: NJ fights Janus ruling for government unions, not the public (Press of Atlantic City)

Column: How many collecting Illinois pensions have moved to other states, and how much did they take with them? (Daily Herald)

June 19, 2019

California Stories

New state-run IRA for private sector opens July 1 (Capitol Weekly)

CalPERS health insurance will cost more next year, but not as much more as insurers wanted (Sacramento Bee)

CalPERS enlists in trust to pre-fund contributions (Pensions & Investments)

National Stories

Teacher Tensions Fuel Kentucky Governor’s Race (Education Week)

Democrats dismiss Murphy’s ‘progressive’ priorities (NJ Today)

Rhode Island gives pension-cutters a ray of hope here (Capitol Fax)

Editorial: Cautionary tale from Connecticut (Providence Journal)

Murphy promises to veto extension of tax credits, less clear on budget (Burlington County Times)

June 18, 2019

California Stories

Borenstein: CalPERS must stop transit workers’ pension windfall (San Jose Mercury News)

‘No evident justification‘ for California prison guard raises in contract, analyst warns (Sacramento Bee)

Marin County’s budget set for final vote (Marin Independent Journal)

Column: Parks, Parking and Pensions (Santa Monica Daily Press)

National Stories

Pritzker’s claims of paying down pension debt “simply dishonest,” fiscal watchdog says (Prairie State Wire)

NJ Democrats introduce $38.7 billion state budget (Burlington County Times)

June 14, 2019

California Stories

Riverside County pension costs could rise by $280.5M by 2023 (Riverside Press Enterprise)

COMMENTARY California Teachers May Need Help to Avoid Retirement Savings Traps (Reason Foundation)

CalPERS commits $1.5 billion to 2 infrastructure funds (Pensions & Investments)

National Stories

401(k)s can fill the pension gap (The Hill)

Op-ed: Borrowing from our children (Connecticut Mirror)

Unions rally outside of the Statehouse for millionaires tax (Burlington County Times)


NJBIA Supports First Round of Path to Progress Bills Advancing in Legislature (Insider NJ)

Laurel County Health Department, among other organizations, threatened by new pension laws (Sentinel Echo (Kent.)


June 13, 2019

California Stories

Gavin Newsom’s budget aims to spare California schools from some pension pain (Sacramento Bee)

OPINION The public agenda should trump the public sector union agenda (OC Register)

Increasing pension costs, possible loss of Measure G creating deficit (Watsonville Register Pajaronian)

As New Jersey cuts hedge fund ties, CalPERS’ experience shows that can take years (Pensions & Investments)

National Stories

Pritzker gambles on new direction (Illinois Times)

June 11, 2019

California Stories

Open Forum: Unfunded pensions are hurting California students and teachers (San Francisco Chronicle)

The City Flipped on Prop. B – But it Doesn’t Change Much Yet (Voice of San Diego)

Council Votes 6-3 to Help Unions Overturn San Diego Pension Reform (Times of San Diego)

California retirees’ pensions restored — at least partially — after CalPERS cuts (Sacramento Bee)

Editorial: Pension reform isn’t happening fast enough (Marin Independent Journal)

Did CalPERS mislead policyholders on long-term care insurance? Trial begins on a $1.2 billion lawsuit (Sacramento Bee)

National Stories

Editorial: PERS reform reasonable (Ashland Tidings)

Op-ed: Murphy vs. Sweeney: The lowdown on the showdown in Trenton (

June 10, 2019

California Stories

Editorial: San Diego needs to take another swing at pension issue — but this time do it right (San Diego Union Tribune)

Glendale officials allocate nearly $25M for affordable housing in new budget (Glendale News-Press)

How Inglewood sidestepped voters when it took on millions in debt to cover up a deficit, then gave raises for executives (Pasadena Star News)

Infrastructure investing ‘evolution not revolution’ for CalSTRS, official says (Pensions & Investments)

National Stories

New Jersey’s Health-Care Debt Jumped So Much It Rivals Pension Obligations (Bloomberg)

Opinion: Two cheers for the Legislature’s PERS reform package (The Oregonian)

Column: Pritzker gambles on new direction for Illinois (Sauk Valley)

Democrats face angry union members after tough vote to cut pensions (Salem Reporter)

More Cautionary Tales From Illinois: Tier II Pensions (And Why Actuaries Matter) (Forbes)

Chicago’s Road to Dystopia Is Paved with Public-Pension Promises (Independent Institute)

Editorial: The price you pay for guaranteed public employee pensions (Verde Independent (Ariz.)

June 6, 2019

California Stories

Union: No progress in contract talks with grocery leaders, vows to ‘do what they have to do’ (Riverside Press Enterprise)

Red Rock’s All-White, All-Male Board Draws Calpers’ Attention (Bloomberg)

National Stories



Connecticut closes $3.7 billion deficit without income-tax hike (Bloomberg)

Pensions for Mass. State Police troopers sentenced in OT scandal expected to go under review soon; One trooper already had pension suspended (Mass Live)

June 4, 2019

California Stories

New state-run IRA for private sector opens July 1 (Calpensions)

City Hall Faces Big Pension Decision (Voice of San Diego)

CalSTRS’s Plan to Reduce Fees (Equities)

New data released on Marin pension payouts (Marin Independent Journal)

City budget has few surprises, but Council wary of future expenses (Martinez News-Gazette)

National Stories

$5.2 Trillion Of Government Pension Debt Threatens To Overwhelm State Budgets, Taxpayers (Forbes)

Legal protections for public-sector pension benefits vary widely – Pew research (Pensions & Investments)

Local taxpayers exposed as Illinois local governments lose control over pension eligibility (North Cook News)

Op-ed: A line in the sand will be no day at the beach for Gov. Murphy (

Oregon Pension Reform Squeaks Through Legislature (Chief Investment Officer)

Repeal of year-old limit on some state teacher pension liability slipped into the BIMP (Capitol Fax)

Even After Stealing From the Public, Ex-School Officials Keep Their Pensions (NBC Dallas)