August 23, 2017

California Stories

CalPERS steps up on climate change (Capitol Weekly)
http://capitolweekly.net/calpers-steps-climate/

Financial hurdles loom for Pleasanton and other cities (Pleasanton Weekly)
https://www.pleasantonweekly.com/blogs/p/2017/08/22/financial-hurdles-loom-for-pleasanton-and-other-cities

Report: 147 Hayward retirees paid $100,000-plus (East Bay Times)
http://www.eastbaytimes.com/2017/08/22/report-147-hayward-retirees-paid-100000-plus/

National Stories

Underfunded Pensions Could Spark Wave Of ‘Precedent Setting’ Reforms (Value Walk)
https://www.valuewalk.com/2017/08/underfunded-pensions/

Fixing New Jersey’s failing pension system is an economic necessity (North Jersey)
http://www.northjersey.com/story/opinion/contributors/2017/08/22/fixing-new-jerseys-failing-pension-system-economic-necessity/589657001/

Texas state workers fear fallout from changing math on pensions (Texas Tribune)
https://www.texastribune.org/2017/08/22/texas-state-workers-fear-fallout-changing-math-pensions/

IPERS reports increased return on investments for year ending June 30 (Des Moines Register)
http://www.desmoinesregister.com/story/news/2017/08/22/ipers-reports-increased-return-investments-year-ending-june-30/591705001/

Kentucky’s pension crisis can’t be solved with 401(k) plans, group says (Courier Journal)
http://www.courier-journal.com/story/news/politics/2017/08/22/switching-public-employees-401-k-plans-wont-solve-pension-crisis-group-sfor-public-employees-cost-mo/588962001/

 

August 22, 2017

California Stories

Letters: Former San Jose mayor is still wrong on pension policy (San Jose Mercury News)
http://www.mercurynews.com/2017/08/21/aug-22-letters-former-san-jose-mayor-is-still-wrong-on-pension-policy/

Former Rep. Lynn Woolsey among 7 nominees for new Sonoma County pension reform committee (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/news/7318610-181/former-rep-lynn-woolsey-among

Report: 147 Hayward retirees paid $100,000-plus (East Bay Times)
http://www.eastbaytimes.com/2017/08/22/report-147-hayward-retirees-paid-100000-plus/

 

National Stories

Texas state workers fear fallout from changing math on pensions (Texas Tribune)
https://www.texastribune.org/2017/08/22/texas-state-workers-fear-fallout-changing-math-pensions/

Pension fund considering cuts to cost-of-living adjustments (AP)
http://www.sfchronicle.com/news/article/Pension-fund-considering-cuts-to-cost-of-living-11947223.php

Ohio’s biggest public pension fund looking at benefit cuts (Dayton Daily News)
http://www.daytondailynews.com/news/ohio-biggest-public-pension-fund-looking-benefit-cuts/FCmtalYakFX3b3givyEDvO/

Would Ohio’s public retirees be affected by Issue 2? It’s an open question (Cleveland.com)
http://www.cleveland.com/open/index.ssf/2017/08/would_state_retirees_be_affect.html

OPERS may cut retiree cost-of-living benefit hikes (Columbus Dispatch)
http://www.dispatch.com/news/20170821/opers-may-cut-retiree-cost-of-living-benefit-hikes

THOUSANDS OF COUNTY EMPLOYEES WORRIED ABOUT FUTURE OF PENSIONS (WTVQ)
https://www.wtvq.com/2017/08/21/thousands-county-employees-worried-future-pensions/

New Mexico’s Two Largest Public Pensions Could See Benefit Reforms (Chief Investment Officer)
https://www.ai-cio.com/news/new-mexicos-two-largest-public-pensions-see-benefit-reforms/

Pension fund for hospital nurses placed in receivership (Providence Journal)
http://www.providencejournal.com/news/20170821/pension-fund-for-hospital-nurses-placed-in-receivership

August 21, 2017

California Stories

OPINION: State pension fund divestment policies leave Californians another day older and deeper in debt (OC Register)
http://www.ocregister.com/2017/08/18/state-pension-fund-divestment-policies-leave-californians-another-day-older-and-deeper-in-debt/

Trump’s out, but CalPERS steps up on climate (Calpensions)
https://calpensions.com/2017/08/21/trumps-out-but-calpers-steps-up-on-climate/

LA Works retirees’ pensions are slashed; state must act: Editorial (Whittier Daily News)
http://www.whittierdailynews.com/opinion/20170818/la-works-retirees-pensions-are-slashed-state-must-act-editorial

Court Upholds Increase in CalPERS Retirement Age (Santa Clarita Valley News)
http://scvnews.com/2017/08/18/court-upholds-increase-in-calpers-retirement-age/

Orange County employee pension fund alleges big banks are costing retirees money (LA Times)
http://www.latimes.com/business/la-fi-ocers-lawsuit-20170817-story.html

UC adds collective investment trusts to its 403(b) plans (Pensions & Investments)
http://www.pionline.com/article/20170821/PRINT/170829984/uc-adds-collective-investment-trusts-to-its-403b-plans

 

National Stories

YOUR OPINION: Keep political activism out of New Yorkers’ pensions (Star Gazette)
http://www.stargazette.com/story/opinion/2017/08/20/yo-political-activism-ny-pensions/104723192/

Office of state budget director launches pension reform website (The Messenger (Ken.)
http://www.the-messenger.com/news/local/article_43456bd2-84e9-11e7-ad30-5b9fdb42d649.html

Consider Many Factors When Choosing Retirement Plans and Options (State College)
http://www.statecollege.com/news/columns/consider-many-factors-when-choosing-retirement-plans-and-options,1473426/

August 18, 2017

California Stories

State pension fund divestment policies leave Californians another day older and deeper in debt (Pasadena Star-News)
http://www.pasadenastarnews.com/opinion/20170817/state-pension-fund-divestment-policies-leave-californians-another-day-older-and-deeper-in-debt

Orange County employee pension fund alleges big banks are costing retirees money (LA Times)

http://www.latimes.com/business/la-fi-ocers-lawsuit-20170817-story.html

Three US Pensions Sue Six World Banks (Chief Investment Officer)
https://www.ai-cio.com/news/three-us-pensions-sue-six-world-banks/

OUR VIEW: County, High Desert not immune from pension crisis (Desert Dispatch)
http://www.desertdispatch.com/opinion/20170817/our-view-county-high-desert-not-immune-from-pension-crisis

LA Works retirees’ pensions are slashed; state must act: Editorial (SGV Tribune)
http://www.sgvtribune.com/opinion/20170818/la-works-retirees-pensions-are-slashed-state-must-act-editorial

CalPERS Flexes its Proxy Muscles (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-flexes-proxy-muscles/

 

National Stories

Bevin introduces pension reform website (Insider Louisville)
https://insiderlouisville.com/metro/bevin-introduces-pension-reform-website/

Here’s How A Few Government Pension Funds Are Trying To Close Their $7 Trillion Funding Gap (MENAFN)
http://www.menafn.com/1095738546/Heres-How-A-Few-Government-Pension-Funds-Are-Trying-To-Close-Their-7-Trillion-Funding-Gap

N.J. lottery-pension plan “slightly positive,” Wall Street ratings agency says (Daily Record)
http://www.dailyrecord.com/story/news/local/2017/08/17/nj-lottery-pension-plan-slightly-positive-wall-street-ratings-agency-says/104678600/

State budget director launches pension reform website (The Lane Report)
http://www.lanereport.com/80483/2017/08/state-budget-director-launches-pension-reform-website/

August 17, 2017

California Stories

OPINION Big public pensions keep piling up (Riverside Press Enterprise)
http://www.pe.com/2017/08/16/big-public-pensions-keep-piling-up/

It Pays to Retire from a Public Sector Job in California (KABC)
http://www.kabc.com/2017/08/16/it-pays-big-bucks-to-retire-from-a-public-sector-job/

 

National Stories

Editorial: End pensions for part-time county work (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/editorials/ct-pension-will-county-parttime-edit-0817-jm-20170816-story.html

MOODY SAYS NJ STILL A GAMBLE, DESPITE PENSION FUND TAPPING LOTTERY REVENUES (NJ Spotlight)
http://www.njspotlight.com/stories/17/08/16/moody-says-nj-still-a-gamble-despite-pension-fund-tapping-lottery-revenues/

Christie may not like what Wall Street just said about his plan to ease pension pain (NJ.com)
http://www.nj.com/politics/index.ssf/2017/08/lottery-pension_plan_doesnt_ease_njs_pension_pain.html

State retirees decry pension records request (Lansing State Journal)
http://www.lansingstatejournal.com/story/news/local/capitol/2017/08/16/michigan-state-government-retirees-decry-pension-records-request/568314001/

Minn. AG sues companies that required vets, seniors to sign over montly pensions (Fox 9)
http://www.fox9.com/news/274221266-story

Attorney General Lori Swanson sues “Pension Advance” companies requiring veterans and seniors to sign over monthly pensions (WDAY)
http://www.wday.com/news/4313259-attorney-general-lori-swanson-sues-pension-advance-companies-requiring-veterans-and

 

August 16, 2017

California Stories

CalPERS $100K Pension Club up 63% Since 2012, Watchdog Says (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-100k-pension-club-63-since-2012-watchdog-says/

Budget Deficit Creates Tough Decisions for Pasadena Unified (Pasadena Now)
http://www.pasadenanow.com/main/budget-deficit-creates-tough-decisions-for-pasadena-unified/#.WZKQ_tPyvVo

 

National Stories

Critics Ignore How Public Pensions Benefit U.S. Taxpayers, NCPERS Finds
http://www.businesswire.com/news/home/20170815005565/en/Critics-Ignore-Public-Pensions-Benefit-U.S.-Taxpayers

Boston College’s CRR On Alternatives In Pension Portfolios (Seeking Alpha)
https://seekingalpha.com/article/4098705-boston-colleges-crr-alternatives-pension-portfolios

Pension woes a national issue (The News-Gazette)
http://www.news-gazette.com/opinion/editorials/2017-08-15/pension-woes-national-issue.html

Mississippi Public Employees logs 14.96% return for fiscal year (Pensions & Investments)
http://www.pionline.com/article/20170814/ONLINE/170819956/mississippi-public-employees-logs-1496-return-for-fiscal-year

LETTERS TO THE EDITOR Why SC teacher pensions matter to all of us (The State)
http://www.thestate.com/opinion/letters-to-the-editor/article167095697.html

Court rejects KPERS effort to limit benefits for teachers union leaders (Lawrence Journal World)
http://www2.ljworld.com/news/2017/aug/14/court-rejects-kpers-effort-limit-benefits-teachers/

You can’t unlock pension loan rules | Biz Brain (NJ.com)
http://www.nj.com/business/index.ssf/2017/08/you_cant_unlock_pension_loan_rules_biz_brain.html

The Global Retirement Savings Gap (Oye Times)
http://www.oyetimes.com/business/economy/182929-the-global-retirement-savings-gap

August 11, 2017

California Stories

How a Billionaire-Funded, Anti-Union Think Tank in Nevada Shapes Bay Area News Media Coverage of Public Employee Pay (East Bay Express)
https://www.eastbayexpress.com/oakland/not-transparent/Content?oid=8366147

Bull? Stocks can’t stave off California pension crisis forever (OC Register)
http://www.ocregister.com/2017/08/10/bull-stocks-cant-stave-off-california-pension-crisis-forever/

CalPERS’ divestment goals in crosshairs as coal stocks soar (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/08/calpers-divestment-goals-crosshairs-coal-stocks-soar/

City of Santa Monica on Top List of Biggest Public Pensions in California (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/August-2017/08_10_2017_City_of_Santa_on_Top_List_of_Biggest_Public_Pensions_in_California.html

10 percent of Pasadena’s retirees make $100,000 or more in annual pensions (Pasadena Star-News)
http://www.pasadenastarnews.com/government-and-politics/20170809/10-percent-of-pasadenas-retirees-make-100000-or-more-in-annual-pensions

Santa Clara County, Oakland top fat-pension ranking for public workers (San Jose Mercury News)
http://www.mercurynews.com/2017/08/10/santa-clara-county-oakland-top-fat-pension-ranking-for-public-workers/

Torrance city pensions rank in state’s top 10 for retirees earning more than $100,000 a year (Torrance Daily Breeze)
http://www.dailybreeze.com/government-and-politics/20170809/torrance-city-pensions-rank-in-states-top-10-for-retirees-earning-more-than-100000-a-year

Here’s how former employees in Long Beach made $100K or more in pensions last year (Long Beach Press Telegram)
http://www.presstelegram.com/government-and-politics/20170809/heres-how-former-employees-in-long-beach-made-100k-or-more-in-pensions-last-year

National Stories

STATE AFFAIRS: State’s high taxes, low services explained (The Times (Ill.)
http://www.mywebtimes.com/news/editorial/state-affairs-state-s-high-taxes-low-services-explained/article_f37207fd-db07-549b-8239-b23605dfe5da.html

Overtime spikes pensions for dozens of Lansing police, fire retirees (Lansing State Journal)
http://www.lansingstatejournal.com/story/news/local/2017/08/10/overtime-spiking-pensions-lansing-police-fire-retirees/545759001/

Auditor general criticizes pension fees as performance lags national averages (The Daily Item)
http://www.dailyitem.com/news/local_news/auditor-general-criticizes-pension-fees-as-performance-lags-national-averages/article_f5726a8d-57ae-539a-b52d-a1c11a60bd82.html

Jim Dey: Single-day substitute faces choice with pension appeal (The News-Gazette)
http://www.news-gazette.com/news/local/2017-08-10/jim-dey-single-day-substitute-faces-choice-pension-appeal.html

August 10, 2017

California Stories

More CalPERS retirees are getting $100,000 pensions, according to a new report (Riverside Press Enterprise)
http://www.pe.com/2017/08/09/more-calpers-retirees-are-getting-100000-pensions-according-to-a-new-report/

Looming liability: Pension costs remain long-term challenge for T.O. (Thousand Oak Acorn)
http://www.toacorn.com/news/2017-08-10/Front_Page/Looming_liability_Pension_costs_remain_longterm_ch.html

Data: CalPERS paid over $20 billion in pension benefits to retirees in 2016 (ABC 10)
http://www.10news.com/news/data-calpers-paid-over-20-billion-in-pension-benefits-to-retirees-in-2016

Former Solano County administrator tops statewide pension list, again (Fairfield Daily Republic)
http://www.dailyrepublic.com/solano-news/solano-county/former-solano-county-administrator-tops-statewide-pension-list-again/

No coincidence markets are rising under Trump: Letters (Long Beach Press Telegram)
http://www.presstelegram.com/opinion/20170809/no-coincidence-markets-are-rising-under-trump-letters

National Stories

When Americans die younger, corporations save billions on pensions (Bloomberg)
http://www.post-gazette.com/aging-edge/aging-edge-reports/2017/08/09/Americans-are-dying-younger-saving-corporations-billions/stories/201708090107

Opinion: Tears fell on Illinois (Putnam County Record)
http://www.putnamcountyrecord.com/2017/07/10/tears-fell-on-illinois/ag1yuuo/

August 8, 2017

California Stories

Loyalton: California’s Pension Crisis in a Nutshell (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13749-loyalton-california-s-pension-crisis-in-a-nutshell

What happened after CalPERS cut pensions of former job training agency employees (San Jose Mercury News)
http://www.mercurynews.com/2017/08/07/what-happened-after-calpers-cut-pensions-of-former-san-gabriel-valley-agency-employees/

California pension fund divests from coal as industry rebounds (Sacramento Bee)
http://www.sandiegouniontribune.com/news/education/sd-me-palomar-dean-20170807-story.html

CalPERS reveals it divested from most thermal coal companies (Pensions & Investments)
http://www.pionline.com/article/20170807/ONLINE/170809876/calpers-reveals-it-divested-from-most-thermal-coal-companies

National Stories

Public Pensions Up 12.4% Return Most in 3 Years (Bloomberg)
https://www.bloomberg.com/news/articles/2017-08-08/public-pensions-up-12-4-return-most-in-3-years-as-equities-soar

Americans Are Dying Younger, Saving Corporations Billions (Bloomberg)
https://www.bloomberg.com/news/articles/2017-08-08/americans-are-dying-younger-saving-corporations-billions

Proactive shareholders take on climate change (Business Insurance)
http://www.businessinsurance.com/article/20170807/NEWS06/912314901/Proactive-corporation-shareholders-sue-over-climate-change-Exxon-Mobil

 

August 7, 2017

California Stories

Editorial: The rising cost of public pension frustration (Marin Independent Journal)
http://www.marinij.com/opinion/20170806/editorial-the-rising-cost-of-public-pension-frustration

This tiny Sierra Valley town voted to pull out of CalPERS. Now city retirees are seeing their pensions slashed (LA Times)
http://www.latimes.com/politics/la-pol-ca-loyalton-calpers-pension-problems-20170806-htmlstory.html

What happened after CalPERS cut pensions of former San Gabriel Valley agency employees (San Gabriel Valley Tribune)
http://www.sgvtribune.com/general-news/20170806/what-happened-after-calpers-cut-pensions-of-former-san-gabriel-valley-agency-employees

UC leads on pension loans, are 401(k) plans next? (Calpensions)
https://calpensions.com/2017/08/07/uc-leads-on-pension-loans-are-401k-plans-next/

OPINION California Supreme Court case on San Diego pension reforms will impact cities and counties across state (OC Register)
http://www.ocregister.com/2017/08/04/california-supreme-court-case-on-san-diego-pension-reforms-will-impact-cities-and-counties-across-state/

California politicians lured by easy money, but somebody must eventually pay (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/08/california-politicians-lured-easy-money-somebody-must-eventually-pay/

David Little: Who’s looking out for the taxpayer? (Chico Enterprise Record)
http://www.chicoer.com/opinion/20170805/david-little-whos-looking-out-for-the-taxpayer

National Stories

AZ House Reps Urge Voters to Change State Constitution for Pension Reforms (Chief Investment Officer)
https://www.ai-cio.com/news/az-house-reps-urge-voters-change-state-constitution-pension-reforms/

EDITORIAL New York’s soaring pension bills (New York Post)
http://nypost.com/2017/08/06/new-yorks-soaring-pension-bills/

Puerto Rico oversight board orders furloughs, governor defiant (Reuters)
http://www.reuters.com/article/us-puertorico-debt-idUSKBN1AK2AG

August 4, 2017

California Stories

Redding begins ‘great effort’ to curb pension costs with mandatory kick-ins for top brass (Redding Record Searchlight)
http://www.redding.com/story/news/local/2017/08/02/live-coverage-redding-council-weighs-pension-matters-community-cleanups/530561001/

Michelle Cunningham, CalSTRS deputy CIO, is retiring (Pensions & Investments)
http://www.pionline.com/article/20170803/ONLINE/170809932/michelle-cunningham-calstrs-deputy-cio-is-retiring

National Stories

Bevin takes to social media to reassure pensioners (Courier Journal)
http://www.courier-journal.com/story/news/politics/2017/08/03/bevin-takes-social-media-reassure-pensioners/538468001/

CT Officials Pass Pension Concession Labor Pact (Chief Investment Officer)
https://www.ai-cio.com/news/ct-officials-pass-pension-concession-labor-pact/

Editorial: Pensions costing us too much (The Daily Gazette)
https://dailygazette.com/article/2017/08/03/editorial-pensions-costing-us-too-much

School pensions: What does the future hold? (The Intelligencer)
http://www.theintell.com/news/local/school-pensions-what-does-the-future-hold/article_bd821250-7167-11e7-908f-5f6142d5ef4e.html

August 3, 2017

California Stories

Dan Walters: California politicians lured by easy money, but somebody must eventually pay (CalMatters)
http://www.fresnobee.com/news/politics-government/politics-columns-blogs/article164985697.html

Greenhut: Strong stock market doesn’t hide pension problem (The Acorn)
http://www.theacorn.com/articles/strong-stock-market-doesnt-hide-pension-problem/

Calif. High Court to Hear Appeal Against San Diego Pension Cuts (Chief Investment Officer)
https://www.ai-cio.com/news/calif-high-court-hear-appeal-san-diego-pension-cuts/

Dick Spotswood: Brewing tax hikes may test Marin voters’ generous spirit (Marin Independent Journal)
http://www.marinij.com/opinion/20170801/dick-spotswood-brewing-tax-hikes-may-test-marin-voters-generous-spirit

Editorial: Pension reform won’t come from government employees (Chico Enterprise Record)
http://www.chicoer.com/opinion/20170802/editorial-pension-reform-wont-come-from-government-employees

Retirement plan liability looms over Chico (Chico Enterprise Record)
http://www.chicoer.com/government-and-politics/20170801/retirement-plan-liability-looms-over-chico

Redding begins ‘great effort’ to curb pension costs with mandatory kick-ins for top brass
http://www.redding.com/story/news/local/2017/08/02/live-coverage-redding-council-weighs-pension-matters-community-cleanups/530561001/

Redding council may make top employees kick more in for pensions (Redding Record Searchlight)
http://www.redding.com/story/news/local/2017/08/01/redding-council-may-make-top-employees-kick-more-pensions/529185001/

City Council faces sobering reality as employee retirement costs shoot through the roof (Chico News & Review)
https://www.newsreview.com/chico/insecure-future/content?oid=24762496

 

National Stories

U.S. corporate pensions see highest funding level in two years -Wilshire (Reuters)
http://in.reuters.com/article/usa-pensions-idINL1N1KO1II

New York City pensions return 12.95 percent in fiscal 2017: preliminary report (Reuters)
http://www.reuters.com/article/us-new-york-pension-idUSKBN1AI2ER

State pension fund reports 12.8 percent investment return for 2017 fiscal year (Boston Glove)
https://www.bostonglobe.com/business/2017/08/02/state-pension-fund-reports-percent-investment-return-for-fiscal/loqmQI5ubX0yw8RJKSG4BN/story.html

Nevada Public Employees posts 11.9% fiscal-year return (Pensions & Investments)
http://www.pionline.com/article/20170802/ONLINE/170809959/nevada-public-employees-posts-119-fiscal-year-return

Public pension funds like IPERS are not safer in hands of private companies (Des Moines Register)
http://www.desmoinesregister.com/story/opinion/readers/2017/08/02/public-pension-funds-like-ipers-not-safer-private-companies/529223001/

August 2, 2017

California Stories

Redding council may make top employees kick more in for pensions (Redding Record Searchlight)
http://www.redding.com/story/news/local/2017/08/01/redding-council-may-make-top-employees-kick-more-pensions/529185001/

States Turn to Financial Engineering to Ease Pension Burdens (Bloomberg)
https://www.bloomberg.com/news/articles/2017-08-01/states-turn-to-financial-engineering-to-ease-pension-burdens

Money-Manager Purge Boosts University of California’s Return (Bloomberg)
https://www.bloomberg.com/news/articles/2017-08-01/money-manager-purge-boosts-university-of-california-s-returns

National Stories

Connecticut lawmakers approve labor pact with pension concessions (Reuters)
http://www.reuters.com/article/us-connecticut-budget-labor-idUSKBN1AG2O8

Oregon Public Employees lowers return assumption to 7.2% (Pensions & Investments)
http://www.pionline.com/article/20170801/ONLINE/170809990/oregon-public-employees-lowers-return-assumption-to-72

How Detroit’s bankruptcy is helping fuel the equity bull market (Financial Post)
http://business.financialpost.com/investing/how-detroits-bankruptcy-is-helping-fuel-the-equity-bull-market/wcm/6a1ef789-2d7b-4e3b-98f7-fd9712b97884

August 1, 2017

California Stories

In birth of new state program, what’s in a name? (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/08/birth-new-state-program-whats-name/

Professional employees say LA County Sanitation Districts is unfairly withholding pay bump (LA Daily News)

http://www.dailynews.com/business/20170731/professional-employees-say-la-county-sanitation-districts-is-unfairly-withholding-pay-bump

National Stories

Connecticut lawmakers approve labor pact with pension concessions (Reuters)
http://www.reuters.com/article/us-connecticut-budget-labor-idUSKBN1AG2O8

After day of drama, Senate Democrats unite to back concessions (Connecticut Mirror)
https://ctmirror.org/2017/07/31/concession-debate-begins-after-offer-by-holdout-democrats/

Double-dipping reports heighten concerns about Nevada pension system (Watchdog)
http://watchdog.org/294079/double-dipping-reports-heighten-concerns-nevada-pension-system/

 

Jim Dey: Watchdog follows money, irritates powerful (The News-Gazette)
http://www.news-gazette.com/news/local/2017-08-01/jim-dey-watchdog-follows-money-irritates-powerful.html

Teamsters shift from fighting pension cuts to finding a resolution (Green Bay Press-Gazette)
http://www.greenbaypressgazette.com/story/news/2017/08/01/teamsters-shift-fighting-pension-cuts-finding-resolution/521488001/

July 28, 2017

California Stories

San Diego Pension Reform Headed for California Supreme Court (KPBS)
http://www.kpbs.org/news/2017/jul/27/san-diego-pension-reform-prop-b-supreme-court/

State Supreme Court takes up appeal challenging San Diego pension cutbacks (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-supreme-court-20170727-story.html

Marin County pension fund posts 11.8-point return (Marin Independent Journal)
http://www.marinij.com/government-and-politics/20170727/marin-county-pension-fund-posts-118-point-return

California Union Bill Looks to Ban Outsourcing Public Services (Reason)
http://reason.com/archives/2017/07/28/california-union-bill-will-drive-up-coun

CALPERS UPS TRANSPARENCY (Top 1000 Funds)
http://www.top1000funds.com/analysis/2017/07/28/calpers-ups-transparency/

Petaluma explores new tax measures (Argus Courier)
http://www.petaluma360.com/news/7236379-181/petaluma-explores-new-tax-measures

 

National Stories

STATE’S NEW WAYS TO PAY INTO PUBLIC-PENSION SYSTEM ‘HUGE STEP IN RIGHT DIRECTION’ (NJ Spotlight)
http://www.njspotlight.com/stories/17/07/27/state-s-new-ways-to-pay-into-public-pension-system-huge-step-in-right-direction/

State Rep. Mike Schlossberg: Tough decisions needed to fix Pa. budget problems (The Morning Call)
http://www.mcall.com/opinion/yourview/mc-pennsylvania-budget-deficit-schlossberg-yv-0728-20170727-story.html

OP-ED Time for change in North Carolina’s public pension plan (News Observer)
http://www.newsobserver.com/opinion/op-ed/article164127982.html

My View: Alaska’s pension woes sound familiar (Mail Tribune)
http://www.mailtribune.com/news/20170728/my-view-alaskas-pension-woes-sound-familiar

Board to vote on change to Oregon’s public pension system (The News-Review)
http://www.nrtoday.com/board-to-vote-on-change-to-oregon-s-public-pension/article_5e5cb3ab-6dfe-5766-acca-842829c1ff28.html

Board to vote on change to Oregon’s PERS pension system (Statesman Journal)
http://www.statesmanjournal.com/story/news/politics/state-workers/2017/07/27/board-vote-change-oregons-pers-pension-system/515973001/

July 27, 2017

California Stories

California Needs to Cap the Growth of Runaway Pensions (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13659-california-needs-to-cap-the-growth-of-runaway-pensions

Greenhut: Strong stock market doesn’t hide pension problem (The Acorn)
http://www.theacorn.com/news/2017-07-27/Editorials/Strong_stock_market_doesnt_hide_pension_problem.html

 

National Stories

Judge rules against contribution cap for Arizona plan (Pensions & Investments)
http://www.pionline.com/article/20170726/ONLINE/170729866/judge-rules-against-contribution-cap-for-arizona-plan

Recent developments in pension obligation bonds (The Bond Buyer)
https://www.bondbuyer.com/web-seminars/recent-developments-in-pension-obligation-bonds

Illinois Issues: The Experts’ Take On The Budget (NPR Illinois)
http://nprillinois.org/post/illinois-issues-experts-take-budget#stream/0

Gov. Reynolds’ decision to drop IPERS task force is puzzling (Des Moines Register)
http://www.desmoinesregister.com/story/opinion/readers/2017/07/26/gov-reynolds-decision-drop-ipers-task-force-puzzling/508836001/

Public Employees “On Edge”; Shortfall in State Pension Fund Projected to Worsen (Iowa Public Radio)
http://iowapublicradio.org/post/public-employees-edge-shortfall-state-pension-fund-projected-worsen#stream/0

Looming PERS vote on key rate will set pension fund’s direction (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2017/07/pers_vote_on_key_rate_will_set.html

July 26, 2017

California Stories

Thumbs up: Double-digit returns on pensions (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/7232834-181/thumbs-up-double-digit-returns-on

Push Against Trump Wall Hitting Calif. Contractors Right at Home (Bloomberg BNA)
https://www.bna.com/push-against-trump-n73014462211/

Union bill will drive up counties’ costs of providing services (R Street)
http://www.rstreet.org/op-ed/union-bill-will-drive-up-counties-costs-of-providing-services/

A WATCHDOG ORGANIZATION RELEASES PENSION BENEFIT AMOUNTS THAT WERE PAID BY LADWP (NorCal News)
http://norcal.news/news/23905-watchdog-organization-releases-pension-benefit-amounts-were-paid-ladwp

Glendale establishes trust fund to mitigate escalating pension costs (Glendale News-Press)
http://www.latimes.com/socal/glendale-news-press/news/tn-gnp-me-pension-reserve-20170725-story.html

 

National Stories

Op-ed: Public Pension Funds Profit Trump; Possible Links To Shady Russian Business Deals (Huffington Post)

http://www.huffingtonpost.com/entry/public-pension-funds-profit-trump-possible-links-to_us_5975c708e4b0545a5c310181

Private-sector retirement programs moving ahead, NCPERS says (Pensions & Investments)
http://www.pionline.com/article/20170724/ONLINE/170729911/private-sector-retirement-programs-moving-ahead-ncpers-says

Nappier: CT pension investments earned big returns (Connecticut Mirror)
https://ctmirror.org/2017/07/24/nappier-ct-pension-investments-earned-big-returns/

$43M-a-year bailout of near-bankrupt pension fund for elected officials (Arizona Central)
http://www.azcentral.com/story/news/local/arizona-investigations/2017/07/25/arizona-pension-fund-elected-officials-retirement-plan-funding/506176001/

July 21, 2017

California Stories

OPINION CalPERS gains great, but far from sufficient (OC Register)
http://www.ocregister.com/2017/07/20/calpers-gains-great-but-far-from-sufficient/

CalSTRS annual returns jump to 13.4 percent from 1.4 percent (Reuters)
http://www.reuters.com/article/us-california-calstrs-returns-idUSKBN1A52DJ

Teachers’ pension fund posts highest returns since 2014 (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article162679638.html

LADWP retirees bring in bigger pensions than city, county workers, audit says (LA Daily News)
http://www.dailynews.com/government-and-politics/20170720/ladwp-retirees-bring-in-bigger-pensions-than-city-county-workers-audit-says

Terry McLaughlin: Dramatic change needed in University of California system (The Union)
http://www.theunion.com/opinion/terry-mclaughlin-dramatic-change-needed-in-university-of-california-system/

CalPERS Throws its Weight Around to Make the World a Better Place (Comstock’s)
https://www.comstocksmag.com/web-only/calpers-throws-its-weight-around-make-world-better-place

National Stories

Miami police rack up favorable rulings after high court decision on cuts to pay, pensions (Miami Herald)
http://www.miamiherald.com/news/local/community/miami-dade/article162789343.html

Connecticut Sinks Deeper in Debt (Bloomberg)
https://www.bloomberg.com/news/articles/2017-07-20/connecticut-sinks-deeper-in-debt-as-pension-returns-lag-target

 

July 20, 2017

California Stories

Editorial: CalPERS gains great, but far from sufficient (LA Daily News)
http://www.dailynews.com/opinion/20170719/calpers-gains-great-but-far-from-sufficient

Costa Mesa Council approves sober-living permit, moves forward with talk on fire management pay (OC Register)
http://www.ocregister.com/2017/07/19/costa-mesa-council-approves-sober-living-permit-moves-forward-with-talk-on-fire-management-pay/

Unbalanced budget threatens LVUSD schools (The Acorn)
http://www.theacorn.com/news/2017-07-20/Front_Page/Unbalanced_budget_threatens_LVUSD_schools.html

 

National Stories

Lifting the state of siege on public-sector pension plans (Pensions & Investments)
http://www.pionline.com/article/20170719/ONLINE/170719818/lifting-the-state-of-siege-on-public-sector-pension-plans

Connecticut Sinks Deeper in Debt (Bloomberg)
https://www.bloomberg.com/news/articles/2017-07-20/connecticut-sinks-deeper-in-debt-as-pension-returns-lag-target

Idaho Public Employee fund returns 12.7% gross in fiscal year (Pensions & Investments)
http://www.pionline.com/article/20170719/ONLINE/170719799/idaho-public-employee-fund-returns-127-gross-in-fiscal-year

Arizona mayors call on Ducey to push overhaul of financially fragile public-safety pension system (AZ Central)
http://www.azcentral.com/story/news/local/arizona-investigations/2017/07/19/arizona-mayors-lawmakers-want-fixes-fragile-police-fire-pensions/486170001/

July 19, 2017

California Stories

CalPERS says considering making own private equity investments (Reuters)
http://www.reuters.com/article/california-calpers-privateequity-idUSL3N1K923D?feedType=RSS&feedName=marketsNews

Department of Water and Power Paid Out $435 Million in Pension Benefits Last Year (Westside Today)
http://westsidetoday.com/2017/07/18/department-of-water-and-power-paid-out-435-million-in-pension-benefits-last-year/

National Stories

Maryland Democrat wants to bring retirement contribution back to 2012 levels for all feds (Federal News Radio)
https://federalnewsradio.com/legislation/2017/07/maryland-democrat-wants-to-bring-retirement-contribution-back-to-pre-2012-levels-for-all-feds/

Proposed legislation would open up records on federal pension recipients (Colorado Watchdog)
http://watchdog.org/293976/proposed-legislation-open-records-federal-pension-recipients/

Reynolds backs IPERS study, but task force is dropped (Des Moines Register)
http://www.desmoinesregister.com/story/news/2017/07/18/reynolds-backs-ipers-study-but-task-force-dropped/487913001/

July 18, 2017

California Stories

Op-Ed: If someone tells you your kid’s teacher would be better off with a 401(k) than a pension, don’t believe it (LA Times)
http://www.latimes.com/opinion/op-ed/la-oe-nari-rhee-teacher-pensions-20170718-story.html

Before CalPERS can save the world, public workers want it to save their pensions (Sac Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article161772508.html

LADWP paid out $435 million in pension benefits last year, watchdog says (LA Daily News)
http://www.dailynews.com/business/20170717/ladwp-paid-out-435-million-in-pension-benefits-last-year-watchdog-says

Shocking New Report: DWP Trio Cleared Over $1 Million in Pension Pay (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13604-shocking-new-report-dwp-trio-cleared-over-1-million-in-pension-pay

Rising public pensions costs could hinder Bakersfield’s ability to keep up with growing public needs (Bakersfield Californian)
http://www.bakersfield.com/news/rising-public-pensions-costs-could-hinder-bakersfield-s-ability-to/article_5e47a0c0-2553-501a-a7dc-85b617c1f07d.html

 

National Stories

401(k)s not the answer for Kentucky pensions | Ron Richmond (Courier-Journal)
http://www.courier-journal.com/story/opinion/contributors/2017/07/17/401-k-s-not-answer-kentucky-pensions-ron-richmond/486112001/

Mounting tax burden called no match for soaring pension debt in Illinois (Sangamon Sun)
http://sangamonsun.com/stories/511115877-mounting-tax-burden-called-no-match-for-soaring-pension-debt-in-illinois

 

July 14, 2017

California Stories

County pension adjustment will cost local agencies $20 million (Bakersfield Californian)
http://www.bakersfield.com/news/county-pension-adjustment-will-cost-local-agencies-million/article_6ffb79b9-8d7c-5760-9151-ccdc84362235.html

Public Sector Payouts Pose a Risky Burden (Laguna Beach Indy)
http://www.lagunabeachindy.com/public-sector-payouts-pose-risky-burden/

California Still Facing Pension Crisis Even With Good Stock Market Returns (Reason)
http://reason.com/archives/2017/07/14/dont-let-unions-use-good-returns-to-defl

 

National Stories

Changes to Michigan’s teacher retirement system signed into law by Gov. Snyder (Michigan Live)
http://www.mlive.com/news/index.ssf/2017/07/changes_to_michigans_teacher_r.html

With teacher pension changes signed into law, Legislature wants more benefit changes (Detroit Free Press)
http://www.freep.com/story/news/politics/2017/07/13/teacher-pension-changes-michigan/477088001/

Snyder signs Michigan teacher retirement reforms (The Detroit News)
http://www.detroitnews.com/story/news/politics/2017/07/13/school-pension-reform/103662102/

Michigan governor signs pension reform bill (Pensions & Investments)
http://www.pionline.com/article/20170713/ONLINE/170719892/michigan-governor-signs-pension-reform-bill

Editorial: Illinois pension woes coming to a state near you (USA Today)
http://www.news-press.com/story/opinion/2017/07/13/editorial-illinois-pension-woes-coming-state-near-you/476021001/

Divest City Pensions From Fossil Fuels? Nope, Says Retirement Board (Seattle Weekly)
http://www.seattleweekly.com/news/divest-city-pensions-from-fossil-fuels-nope-says-retirement-board/

July 13, 2017

California Stories

Real time bomb is public pensions (Half Moon Bay Review)
http://www.hmbreview.com/opinion/letters_to_editor/real-time-bomb-is-public-pensions/article_b2b77ba0-6742-11e7-9e27-bf5f535ce5ca.html

 

National Stories

This is one pension reform that’s going to take time: Opinion (Penn Live)
http://www.pennlive.com/opinion/2017/07/this_is_one_pension_reform_tha.html

Is IPERS fair to the Iowa taxpayers? (Des Moines Register)
http://www.desmoinesregister.com/story/opinion/readers/2017/07/13/ipers-fair-iowa-taxpayers/469775001/

PENSION ISSUE SURREPTITIOUSLY DRIVES NEW YORK CONCON POLITICS (City & State NY)
http://cityandstateny.com/articles/opinion/pension-issue-drives-new-york-concon-politics.html

Ron DeSantis: Time to Make Federal Pension Information Public (Sunshine State News)
http://www.sunshinestatenews.com/story/ron-desantis-time-make-federal-pension-information-public

 

July 11, 2017

California Stories

California Cuts Services, Staff to Pay Pension Costs (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13572-california-cuts-services-staff-to-pay-pension-costs

Voter generosity helped SF pile up huge pension tab (San Francisco Chronicle)
http://www.sfchronicle.com/bayarea/matier-ross/article/Voter-generosity-helped-SF-pile-up-huge-pension-11276095.php

WILL CALPERS BE THE END OF CALIFORNIA? (Norcal News)
http://www.norcal.news/news/23872-will-calpers-be-end-california

SHOULD CALIFORNIA PENSIONS BE MORE IN LINE WITH PRIVATE SECTOR? (Norcal News)
http://norcal.news/news/23867-should-california-pensions-be-more-line-private-sector

Why and how La Verne is tightening its financial belt (Inland Valley Daily Bulletin)
http://www.dailybulletin.com/government-and-politics/20170710/why-and-how-la-verne-is-tightening-its-financial-belt

 

National Stories

Op-ed: Illinois’s concocted budget crisis a red flag for all pension holders (The Hill)
http://thehill.com/blogs/pundits-blog/economy-budget/341311-illinois-concocted-budget-crisis-a-red-flag-for-all-pension

State budget struggles affect workers: Four now solved – even Illinois (People’s World)
http://www.peoplesworld.org/article/state-budget-struggles-affect-workers-four-now-solved-even-illinois/

Pension funds request more transparency from companies’ workforce disclosures (Reuters)
http://www.reuters.com/article/us-usa-sec-regulation-idUSKBN19V282

July 10, 2017

California Stories

Old cause of pension debt gets new attention (Calpensions)
https://calpensions.com/2017/07/10/old-cause-of-pension-debt-gets-new-attention/

The Great California Classroom Robbery (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/great-california-classroom-robbery/

Despite Budget Action, Much Work Remains to Solve State’s Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/despite-budget-action-much-work-remains-solve-states-pension-crisis/

California public pensions are not bullet proof (Cal Coast News)
https://calcoastnews.com/2017/07/california-public-pensions-not-bullet-proof/

Will California’s overbearing teacher’s union bankrupt the state? (California Blog)
http://californiablog.org/content/will-californias-overbearing-teachers-union-bankrupt-state

How Pomona Unified is dealing with a lean budget and what it means to the students (Inland Valley Daily Bulletin)
http://www.dailybulletin.com/social-affairs/20170709/how-pomona-unified-is-dealing-with-a-lean-budget-and-what-it-means-to-the-students

 

National Stories

Mark Patinkin: If not for Raimondo, R.I. could have shared Illinois’ fate (Providence Journal)
http://www.providencejournal.com/news/20170708/mark-patinkin-if-not-for-raimondo-ri-could-have-shared-illinois-fate

Pension system perks cost taxpayers $23 million a year (Las Vegas Review-Journal)
https://www.reviewjournal.com/news/politics-and-government/nevada/pension-system-perks-cost-taxpayers-23-million-a-year/

It’s live: Oregon launches plan for private sector (Pensions & Investments)
http://www.pionline.com/article/20170710/PRINT/170719988/its-live-oregon-launches-plan-for-private-sector

Private equity’s other transparency problem (Institutional Investor)
http://www.institutionalinvestor.com/article/3731704/asset-management-equities/private-equitys-other-transparency-problem.html#.WWL-bBPyv6Y

 

 July 7, 2017

California Stories

Despite Budget Action, Much Work Remains to Solve State’s Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/despite-budget-action-much-work-remains-solve-states-pension-crisis/

New sales tax helps keep Santa Paula afloat (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/santa-paula/2017/07/06/new-sales-tax-helps-keep-santa-paula-afloat/452812001/

Letter: Public employee unions take advantage of citizens (Oroville MR)
http://www.orovillemr.com/opinion/20170705/letter-public-employee-unions-take-advantage-of-citizens

Letters to the Editor Public sector employees more than recover their lower salaries in retirement (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-mailbag-saturday-20170708-story.html

Opinion: California legislators should not mistake their anti-Trump animus for good governance (LA Times)
http://www.latimes.com/opinion/readersreact/la-ol-le-california-anti-trump-budget-20170706-story.html

 

National Stories

State Pension Crisis Leading To High-Tax Exodus (Value Walk)
http://www.valuewalk.com/2017/07/state-pension-crisis-leading-high-tax-exodus/

Our Editorial: State isn’t done with pension reform (The Detroit News)
http://www.detroitnews.com/story/opinion/editorials/2017/07/06/pension-reform/103487026/

Letter: End public pensions in Illinois (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/letters/ct-illinois-pension-debt-20170706-story.html

 

July 6, 2017

California Stories

OPINION Moving toward a better retirement system for government and private-sector workers (OC Register)
http://www.ocregister.com/2017/07/05/moving-toward-a-better-retirement-system-for-government-and-private-sector-workers/

Illinois at the brink: Parallel should give Californians pause (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-illinois-california-pension-crisis-parallel-20170705-story.html

Letter: Public employee unions take advantage of citizens (Chico Enterprise Record)
http://www.chicoer.com/opinion/20170705/letter-public-employee-unions-take-advantage-of-citizens

Borenstein: Plea deal protected felon DA’s pension (East Bay Times)
http://www.eastbaytimes.com/2017/07/05/borenstein-plea-deal-protected-felon-das-pension/

School district plans for cuts (Tracy Press)
http://www.goldenstatenewspapers.com/tracy_press/news/school-district-plans-for-cuts/article_831cd0cc-61aa-11e7-8040-eff71e860359.html

 

National Stories

Letter: ‘Illinois math’ has led to chronic underfunding of teacher pensions (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/letters/ct-illinois-taxes-teacher-pensions-20170705-story.html

Our view: Ill. tax increase won’t solve state’s problems (Northwest Herald)
http://www.nwherald.com/2017/07/05/our-view-tax-increase-wont-solve-states-problems/anmeh4/

Nevada pension fund shows double-digit growth (Las Vegas Review-Journal)
https://www.reviewjournal.com/local/local-nevada/nevada-pension-fund-shows-double-digit-growth/

Flagstaff meeting on public safety pension inconclusive (Arizona Daily Sun)
http://azdailysun.com/news/local/flagstaff-meeting-on-public-safety-pension-inconclusive/article_00f588ca-c9c1-5099-86e4-1e09b8f04f2e.html

GOV TOUTS LOTTERY AS ANSWER TO NJ’S PENSION PROBLEMS, BUT CRITICS DERIDE PLAN (NJ Spotlight)
http://www.njspotlight.com/stories/17/07/05/christie-touts-lottery-transfer-as-answer-to-state-s-pension-problems-but-critics-deride-plan/

Legal malpractice suit on multiemployer pension fund liability can proceed (Benefits Pro)
http://www.benefitspro.com/2017/07/05/legal-malpractice-suit-on-multiemployer-pension-fu

July 3, 2017

California Stories

A Union Continues Misinformation Campaign on Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/06/union-continues-misinformation-campaign-pension-crisis/

K-12: ‘Tidal wave of expenses’ in looming California school budget crisis (San Jose Mercury News)
http://www.mercurynews.com/2017/07/02/tidal-wave-of-expenses-in-looming-california-school-budget-crisis/

Gov. Jerry Brown’s wall of debt has crumbled, but there are more walls behind it (LA Times)
http://www.latimes.com/politics/la-pol-ca-road-map-jerry-brown-budget-wall-of-debt-20170702-story.html

San Francisco pension debt not curbed by voters (Calpensions)
https://calpensions.com/2017/07/03/san-francisco-pension-debt-not-curbed-by-voters/

Costa Mesa Sanitary District pays off entire unfunded pension liability (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-cmsd-pensions-20170630-story.html

Local cities’ pension payment plans draw optimism and doubts (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pensions-reactions-20170630-story.html

 

National Stories

Still no movement in NJ budget standoff (Burlington County Times)
http://www.burlingtoncountytimes.com/news/local/still-no-movement-in-nj-budget-standoff/article_74a9b578-5eb7-11e7-a5e2-53417f52d2b4.html

Michigan pension reform bill sent to governor (Pensions & Investments)
http://www.pionline.com/article/20170630/ONLINE/170639999/michigan-pension-reform-bill-sent-to-governor

Michigan’s Pension Reforms Are Kind of a Big Deal (Reason)
http://reason.com/blog/2017/06/30/michigans-pension-reforms-are-kind-of-a

Editorial: As Illinois Goes Bankrupt, Michigan Embraces Bold Pension Reforms (Investor’s Business Daily)
http://www.investors.com/politics/editorials/michigan-just-prevented-a-fiscal-crisis-are-other-states-paying-attention/

Pension transparency: Uncle Sam needs to catch up with New York (New York Post)
http://nypost.com/2017/07/02/pension-transparency-uncle-sam-needs-to-catch-up-with-new-york/