August 15, 2018

California Stories

School chief candidates Tuck, Thurmond on pensions (Cal Matters)
https://calmatters.org/articles/commentary/marshall-tuck-tony-thurmond-on-pensions/

CalPERS adopts new private equity policy, changes staff discretion on commitments (Pensions & Investments)
http://www.pionline.com/article/20180814/ONLINE/180819956/calpers-adopts-new-private-equity-policy-changes-staff-discretion-on-commitments

CalPERS CIO Orders Active Risk Review (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-cio-orders-active-risk-review/

National Stories

Opinion: Don’t confuse public pension cost with generosity (Marketwatch)
https://www.marketwatch.com/story/dont-confuse-public-pension-cost-with-generosity-2018-08-14

Have Public Employee Pensions Become More Generous, or Less? (Forbes)
https://www.forbes.com/sites/andrewbiggs/2018/08/14/have-public-employee-pensions-become-more-generous-or-less/#640fc8e71e20

Kentucky Supreme Court Will Weigh Controversial Pension Bill (Chief Investment Officer)
https://www.ai-cio.com/news/kentucky-supreme-court-will-weigh-controversial-pension-bill/

Dickinson attacks Raimondo on pension overhaul (Providence Journal)
http://www.providencejournal.com/news/20180814/dickinson-attacks-raimondo-on-pension-overhaul

Mayoral hopeful Vallas calls possible $10B Emanuel pension payoff ‘irresponsible’ (Chicago Tribune)
http://www.chicagotribune.com/news/local/politics/ct-met-paul-vallas-chicago-borrowing-20180814-story.html

Sweeney task force releases recommendations to rein in spending (NJTV)
https://www.njtvonline.org/news/video/sweeney-task-force-releases-recommendations-to-rein-in-spending/

Nice try, but pigs will fly before this toll plan does | Mulshine (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/08/nice_try_but_pigs_will_fly_before_this_toll_plan_d.html

August 14, 2018

California Stories

Borenstein: Cal Fire union leaders’ pension-spiking gambit (San Jose Mercury News)
https://www.mercurynews.com/2018/08/13/borenstein-cal-fire-union-leaders-pension-spiking-gambit/

CalPERS fires back against bill requiring liability calculations on Treasury rates (Pensions & Investments)
http://www.pionline.com/article/20180813/ONLINE/180819982/calpers-fires-back-against-bill-requiring-liability-calculations-on-treasury-rates

CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-advisor-tech-startup-model-shifts-direct-investment-model-makes-sense/

National Stories

Renewed call for pension reform angers public employee unions (NJTV News)
https://www.njtvonline.org/news/video/renewed-call-for-pension-reform-angers-public-employee-unions/

N.J. commission recommends moving new employees to hybrid fund (Pensions & Investments)
http://www.pionline.com/article/20180813/ONLINE/180819972/nj-commission-recommends-moving-new-employees-to-hybrid-fund

Minnesota’s pension reforms receive praise, but more fixes may be needed (Watchdog)
https://www.mdjonline.com/neighbor_newspapers/extra/news/minnesota-s-pension-reforms-receive-praise-but-more-fixes-may/article_f8c23b13-d1ea-5430-9053-9818a0073a7e.html

August 13, 2018

California Stories

CalPERS may channel more dollars to buyouts, give staff added flexibility (PE Hub)
https://www.pehub.com/buyouts/calpers-may-channel-more-dollars-to-buyouts-give-staff-added-flexibility/

CalPERS Cuts Most of Its Forestland Investment Program (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-cuts-forestland-investment-program/

National Stories

Will the Left Get Fooled Into Abandoning Worker Pensions? (In These Times)
http://inthesetimes.com/working/entry/21376/will_the_left_get_fooled_into_abandoning_worker_pensions

All you need to know about huge changes pushed for N.J. schools, property taxes, pensions and tolls (NJ.com)
https://www.nj.com/politics/index.ssf/2018/08/all_the_things_top_democrat_wants_to_change_to_sav.html

Employee compensation hikes have cost Naperville more than $500,000 in up-front pension payments (Naperville Sun (Ill.)
http://www.chicagotribune.com/suburbs/naperville-sun/news/ct-nvs-naperville-aurora-pension-boost-st-0812-story.html

AFT Exposes Billions Invested In Private Prisons Through Hedge Funds Held By Public Pensions
http://nhlabornews.com/2018/08/aft-exposes-billions-invested-in-private-prisons-through-hedge-funds-held-by-public-pensions/

August 10, 2018

California Stories

David Crane: Teachers’ pensions (Cal Matters)
https://calmatters.org/articles/commentary/reaction-teachers-pensions/

DeMaio defends Prop B following Supreme Court ruling on public employee union measure (Northern California Record)
https://norcalrecord.com/stories/511525961-demaio-defends-prop-b-following-supreme-court-ruling-on-public-employee-union-measure

National Stories

Sweeney task force recommends pension and benefits reforms, consolidating schools (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20180809/sweeney-task-force-recommends-pension-and-benefits-reforms-consolidating-schools

NJ spending cut task force report dead on arrival? Editorial (Asbury Park Press)
https://www.app.com/story/opinion/editorials/2018/08/09/fiscal-task-force-report-doa-editorial/950003002/

NJ is looking for a solution to high taxes. Combining school districts may be one of them (North Jersey Record)
https://www.northjersey.com/story/news/new-jersey/2018/08/09/njs-high-taxes-under-review-panel-plans-cut-government-spending/939810002/

NJ Politics Digest: Could This Be the Way Out of the State’s Fiscal Mess? (Observer)
http://observer.com/2018/08/nj-politics-digest-state-fiscal-mess/

CUT PENSIONS AND BENEFITS, MERGE SCHOOLS, NEW TOLLS — PLAN TO OVERHAUL NJ (NJ 1015)
http://nj1015.com/cut-pensions-and-benefits-merge-schools-new-tolls-plan-to-overhaul-nj/

Editorial: State pension fix should be front and center (ABQ Journal)
https://www.abqjournal.com/1207244/state-pension-fix-should-be-front-and-center.html

Idaho Public Employees returns net 8.4% in fiscal year (Pensions & Investments)
http://www.pionline.com/article/20180809/ONLINE/180809836/idaho-public-employees-returns-net-84-in-fiscal-year

Commentary: Getting retirement solutions rights is a matter of national security (Pensions & Investments)
http://www.pionline.com/article/20180809/ONLINE/180809861/commentary-getting-retirement-solutions-rights-is-a-matter-of-national-security

August 9, 2018

California Stories

San Diego’s Move to DC Plan in Limbo (Plan Sponsor)
https://www.plansponsor.com/san-diegos-move-dc-plan-limbo/

National Stories

Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher (Wall Street Journal)
https://www.wsj.com/articles/pension-funds-are-boosting-bull-market-bets-as-stocks-climb-higher-1533658674

New Report: Divestment of fossil fuels by New York, Colorado pensions has substantial cost for retirees, taxpayers
https://www.news-journal.com/ap/national/new-report-divestment-of-fossil-fuels-by-new-york-colorado/article_a4087749-189f-564d-b3cb-c4c08c394688.html

Report: Here’s what Colorado’s pension divestiture from oil, coal would cost retirees (Denver Business Journal)
https://www.bizjournals.com/denver/news/2018/08/08/colorado-pension-divestiture-oil-coal-cost.html

August 8, 2018

California Stories

Dave Low: The other side of the pension debate
https://calmatters.org/articles/commentary/53940/

California unions win another pension lawsuit. Will their streak continue? (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article216237135.html

A CalPERS false alarm (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article216252090.html

CalPERS to vote on coordinating consultants’ contracts (Pensions & Investments)
http://www.pionline.com/article/20180807/ONLINE/180809866/calpers-to-vote-on-coordinating-consultants-contracts

National Stories

Pensions Beat Expectations for 2nd Straight Year (Governing)
http://www.governing.com/topics/finance/gov-pension-returns.html

Rebuilding the employment security system for the Rust Belt that created it (Brookings Institute)
https://www.brookings.edu/blog/the-avenue/2018/08/07/rebuilding-the-employment-security-system-for-the-rust-belt-that-created-it/

Opinion: Depressed wages, pension cutbacks hurt black women (Cincinnati Inquirer)
https://www.cincinnati.com/story/opinion/2018/08/07/opinion-depressed-wages-pension-cutbacks-hurt-black-women/872361002/

Matt Brown hits Raimondo on her career making pension cuts (Uprise RI)
https://upriseri.com/news/elections/elections-2018/matt-brown-pensions/

Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher (WSJ)
https://www.wsj.com/articles/pension-funds-are-boosting-bull-market-bets-as-stocks-climb-higher-1533658674

August 7, 2018

National Stories

Lackluster asset performance in Q2 drops public pension funding by $23 billion
https://pilotonline.com/business/jobs/article_0333e403-3ea4-52a3-b672-f35c2edfa97d.html

With 6 months down, Gov. Murphy still learning how to win friends and influence lawmakers (North Jersey)
https://www.app.com/story/news/politics/new-jersey/phil-murphy/2018/08/06/phil-murphy-nj-first-six-months/902786002/

High property taxes pay public pensions, with little public service (Belleville News Democrat)
https://www.bnd.com/opinion/editorials/article215842285.html

Column: If they disavow Malloy, why elect any Democrats? (Journal Inquirer)
http://www.journalinquirer.com/public/if-they-disavow-malloy-why-elect-any-democrats/article_7ec656d8-996c-11e8-b9b2-3b9b25ada7d4.html

Why Taxpayers Are Shelling Out More Money for Worse Service (Mackinac Center)
https://www.mackinac.org/Why-Taxpayers-Are-Shelling-Out-More-Money

Controversy simmering over gauging pension obligations (Pensions & Investments)
http://www.pionline.com/article/20180806/PRINT/180809921/controversy-simmering-over-gauging-pension-obligations

August 6, 2018

California Stories

Column | Sanders and DeMaio talk of teaming up on another pension measure (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/columnists/michael-smolens/sd-me-smolens-pension-20180802-story.html

Three Cheers For The Los Angeles Times (Forbes)
https://www.forbes.com/sites/christopherburnham/2018/07/30/three-cheers-for-the-los-angeles-times/#127c35251d3e

Your Opinions | Taxpayers hurt most by San Diego’s failed pension effort (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/letters-to-the-editor/sd-le-san-diego-proposition-b-pension-reform-supreme-court-utak-20180802-story.html

Solano Voices: Teachers, start saving now (Fairfield Daily Republic)
https://www.dailyrepublic.com/all-dr-news/opinion/local-opinion-columnists/aug-4-solano-voices-teachers-start-saving-now/

Santa Maria officials contest part of grand jury’s report on employee pensions (Santa Maria Times)
https://santamariatimes.com/news/local/govt-and-politics/santa-maria-officials-contest-part-of-grand-jury-s-report/article_c4f9109e-0d4a-5e73-974c-ebd9b4e5f066.html

CalPERS Wants to Hire New Real Estate Managers (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-wants-hire-new-real-estate-managers/

National Stories

Controversy simmering over gauging pension obligations (Pensions & Investments)
http://www.pionline.com/article/20180806/PRINT/180809921/controversy-simmering-over-gauging-pension-obligations

August 3, 2018

California Stories

Supreme Court rules San Diego skipped key legal step in taking pension reform to voters (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-ruling-20180802-story.html

Editorial | San Diego’s pension mess just got a lot messier. Now what? (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/sd-pension-reform-supreme-court-20180802-story.html

Thousands of Employees Face Uncertainty After Supreme Court Pension Case (Voice of San Diego)
https://www.voiceofsandiego.org/topics/government/citys-defense-of-landmark-pension-reform-crumbled-at-supreme-court-1000s-of-employees-face-uncertainty/

San Diego’s Pension Initiative Required Union Input: Court (Bloomberg)
https://www.bna.com/former-san-diego-n73014481348/

State Supreme Court Rules Against San Diego Pension Reform (KPBS)
https://www.kpbs.org/news/2018/aug/02/state-supreme-court-rules-against-san-diego-pensio/

Sacramento Tax Increase Proposal Represents Statewide Trend (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/08/sacramento-tax-increase-proposal-represents-statewide-trend/

Marin Voice: It’s time officials face the facts about public pensions (Marin Independent Journal)
http://www.marinij.com/article/NO/20180802/LOCAL1/180809977

National Stories

Candidates differ on state pensions (ABQ Journal)
https://www.abqjournal.com/1203841/candidates-differ-on-state-pensions.html

August 2, 2018

California Stories

CalPERS on the Hunt for Renewable Investments (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-hunt-renewable-investments/

National Stories

Meet Four Gridlock-Busting Political Innovators (Forbes)
https://www.forbes.com/sites/marshallphelps/2018/08/01/meet-four-gridlock-busting-political-innovators/#3fcd3a63304a

August 1, 2018

California Stories

California Treasurer’s CalSavers Promises Brighter Future for Millions in Need of Retirement Savings
http://goldrushcam.com/sierrasuntimes/index.php/news/local-news/14936-california-treasurer-s-calsavers-promises-brighter-future-for-millions-in-need-of-retirement-savings

Grand jury urges county cities to prepare for crushing pension costs (The Almanac)
https://almanacnews.com/news/2018/07/31/grand-jury-urges-county-cities-to-prepare-for-crushing-pension-costs

Grand jury on pension crisis: Time for hard choices (Climate Online)
https://climaterwc.com/2018/07/31/grand-jury-on-pension-crisis-time-for-hard-choices/

National Stories

Why Our Public Pensions Need Stress Tests (Governing)
http://www.governing.com/columns/smart-mgmt/col-why-public-pensions-need-stress-tests.html

Report: Public retirement costs to blame for high property taxes (Illinois News Network)
https://www.ilnews.org/news/state_politics/report-public-retirement-costs-to-blame-for-high-property-taxes/article_49c33ec0-9434-11e8-8fbb-1f30f3c2cedb.html

July 31, 2018

California Stories

Funding the California school system (SF Examiner)
http://www.sfexaminer.com/funding-california-school-system/

OPINION Another day, another tax or fee hike in California (OC Register)
https://www.ocregister.com/2018/07/28/another-day-another-tax-or-fee-hike-in-california/

National Stories

The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy (WSJ)
https://www.wsj.com/articles/the-pension-hole-for-u-s-cities-and-states-is-the-size-of-japans-economy-1532972501

Letter: Who’s to Blame for Underfunded Pensions? (WSJ)
https://www.wsj.com/articles/whos-to-blame-for-underfunded-pensions-1532961660

Blue states drowning in irretrievable debt thanks to ‘grotesque’ public sector pensions. You’re about to get stuck with bill. (Business & Politics)
https://www.bizpacreview.com/2018/07/29/blue-states-drowning-in-irretrievable-debt-thanks-to-grotesque-public-sector-pensions-youre-about-to-get-stuck-with-bill-658689

Do Fossil Fuels Belong In Pension Portfolios? (The Chief)
http://thechiefleader.com/news/news_of_the_week/do-fossil-fuels-belong-in-pension-portfolios/article_31cb7e46-90f0-11e8-8d8a-b3ec29ff88da.html

July 30, 2018

California Stories

OPINION The California Legislature passes the pension buck – again (OC Register)
https://www.ocregister.com/2018/07/28/the-california-legislature-passes-the-pension-buck-again/

Community Voices: Additional taxes are all about public employee pensions (Bakersfield Californian)
https://www.bakersfield.com/opinion/community-voices/community-voices-additional-taxes-are-all-about-public-employee-pensions/article_8d6e5996-9102-11e8-a517-bf707b03f790.html

National Stories

Top N.J. Dems may soon wage another epic fight, and it could be over pensions, property taxes (NJ.com)
https://www.nj.com/politics/index.ssf/2018/07/top_dems_likely_to_clash_again_as_sweeney_looks_to.html

Jim Dey | State, local pension news getting worse (The News Gazette)
http://www.news-gazette.com/opinion/columns/2018-07-29/jim-dey-state-local-pension-news-getting-worse.html

NYC Pays $20.6 Million Settlement over Nurses’ Pension Dispute (Chief Investment Officer)
https://www.ai-cio.com/news/nyc-pays-20-6-million-settlement-nurses-pension-dispute/

Supporting tolls means you’ll never cut anything (Journal Inquirer (Conn.)
http://www.journalinquirer.com/public/supporting-tolls-means-you-ll-never-cut-anything/article_fa717e24-939b-11e8-b88a-3bf9200c1278.html

Unsustainable: The Government Pension Pickle that Several States are Facing (The New American)
https://www.thenewamerican.com/economy/sectors/item/29657-unsustainable-the-government-pension-pickle-that-several-states-are-facing

July 27, 2018

California Stories

Editorial: Will California schools pass their tough test on pensions? (Sacramento Bee)
https://www.sacbee.com/article215571200.html

Study: county pension benefits soar (San Diego Reader)
https://www.sandiegoreader.com/news/2018/jul/26/ticker-study-county-pension-benefits-soar/#

Letter: Who’ll enter public service if retirement are attacked? (San Jose Mercury News)
https://www.mercurynews.com/2018/07/26/letter-wholl-enter-public-service-if-retirement-are-attacked/

Camarillo looking beyond CalPERS for pension help (Camarillo Acorn)
https://www.thecamarilloacorn.com/articles/camarillo-looking-beyond-calpers-for-pension-help/

City leaders OK $22M payment to target pension shortfall (Thousand Oaks Acorn)
https://www.toacorn.com/articles/council-oks-22m-payment-to-target-pension-shortfall/

National Stories

As retiree health costs squeeze budget, Phil Murphy advocates baby steps (North Jersey)
https://www.northjersey.com/story/news/new-jersey/2018/07/26/retiree-health-costs-squeeze-budget-phil-murphy-advocates-baby-steps/810387002/

Opinion: Continued inaction on NJ’s pension crisis risks insolvency (North Jersey)
https://www.northjersey.com/story/opinion/contributors/2018/07/27/opinion-continued-inaction-njs-pension-crisis-risks-insolvency/846289002/

Wait. What? Illinois’ unfunded pension obligation is >$200 billion, NOT $140 billion? (Chicago Now)
http://www.chicagonow.com/dennis-byrnes-barbershop/2018/07/wait-what-illinois-unfunded-pension-obligation-is-200-billion-not-140-billion/

Goldman: Beefing Up Corporate Pensions Will Flatten the Yield Curve (Chief Investment Officer)
https://www.ai-cio.com/news/goldman-beefing-corporate-pensions-will-flatten-yield-curve/

July 26, 2018

California Stories

Editorial: California’s public-employee pensions don’t have the luxury of making political statements
http://www.latimes.com/opinion/editorials/la-ed-calstrs-prison-divestment-20180725-story.html

Walters: Pension fund earnings keep rising — so why still crushing debts? (San Jose Mercury News)
https://www.mercurynews.com/2018/07/25/walters-pension-fund-continue-upward-earnings-trends-so-why-do-crushing-debts-remain/

Council OKs $22M payment to target pension shortfall (Thousand Oaks Acorn)
https://www.toacorn.com/articles/council-oks-22m-payment-to-target-pension-shortfall/

Op-ed: Know when people are crazy? (Madera Tribune)
http://www.maderatribune.com/single-post/2018/07/25/Know-when-people-are-crazy

Tai chi, anyone? CalPERS partners up in effort to fight opioid epidemic (Sacramento Bee)
https://www.sacbee.com/news/local/health-and-medicine/article215199600.html

CalPERS’ CIO Farland: Big Initiatives Coming (Techwire)
https://www.techwire.net/news/calpers-cio-farland-big-initiatives-coming.html

 

National Stories

Creating Pension Plan Chaos for Teachers, Firefighters, and Cops (Inequality.org)
https://inequality.org/great-divide/creating-pension-plan-chaos-for-teachers-firefighters-and-cops/

Jim Dey | Study: Pension problem is one of overpromising, not underfunding (The News Gazette (Ill.)
http://www.news-gazette.com/opinion/columns/2018-07-25/jim-dey-study-pension-problem-one-overpromising-not-underfunding.html

State treasurer highlights $1,000-per-day benefit for one public retiree (Madison State Journal)
https://madison.com/wsj/news/local/govt-and-politics/state-treasurer-highlights–per-day-pension-for-one-public/article_9616b9cc-92e4-56b6-8996-6c6eaab73678.html

Pension checks? Resolve legal cases first (Boston Globe)
https://www.bostonglobe.com/opinion/editorials/2018/07/25/pension-checks-resolve-legal-cases-first/OAL16FZZ2EidmES3cBHKpO/story.html

BIG CHANGES TO SCHOOL FUNDING IN NJ AS FRAGILE ALLIANCE HOLDS (NJ Spotlight)
http://www.njspotlight.com/stories/18/07/25/big-changes-to-school-funding-in-nj-as-fragile-alliance-holds/

July 25, 2018

California Stories

Pension fund earnings up, but crushing debts remain (CalMatters)
https://calmatters.org/articles/commentary/california-public-pension-earnings-debts/

National Stories

How public sector employers are reducing their pension liabilities (EBN)
https://www.benefitnews.com/news/how-public-sector-employers-are-working-to-reduce-their-pension-liabilities

Panel seeks new ways to slow skyrocketing state pension costs (Connecticut Mirror)
https://ctmirror.org/2018/07/24/panel-seeks-new-ways-slow-skyrocketing-state-pension-costs/

ISBE contributes to pension spiking for retirees (Northwest Herald (Ill.)
http://www.nwherald.com/2018/07/24/isbe-contributes-to-pension-spiking-for-retirees/af2hnry/

Montgomery County files against OPERS with Ohio Supreme Court (WDTN)
https://www.wdtn.com/news/local-news/montgomery-county-files-writs-against-opers-with-the-supreme-court-of-ohio/1320461211

New Commission To Consider Transfer of State Assets to Pension Funds (Yankee Institute)
http://www.yankeeinstitute.org/2018/07/new-commission-to-consider-transfer-of-state-assets-to-pension-funds/

For Some State Pensioners, Retirement Is ‘Like Winning The Lottery’ (MacIver Institute)
http://www.maciverinstitute.com/2018/07/for-some-state-pensioners-retirement-is-like-winning-the-lottery/

July 24, 2018

California Stories

CalSTRS Begins Review of Holdings of Private Prison Companies (Chief Investment Officer)
https://www.ai-cio.com/news/calstrs-begins-review-holdings-private-prison-companies/

National Stories

Opinions: Connecticut is drowning in debt. Should the rest of us have to pay? (Washington Post)
https://www.washingtonpost.com/opinions/connecticut-is-drowning-in-debt-should-its-neighbors-have-to-pay/2018/07/23/eff14b6a-83be-11e8-8589-5bb6b89e3772_story.html?utm_term=.1d8811919a4b

Op-ed: Yes, Let’s Expand Social Security – To Public Sector Employees (Forbes)
https://www.forbes.com/sites/ebauer/2018/07/23/yes-lets-expand-social-security-to-public-sector-employees/#3d5ebb1966b9

S&P 500 Pension Funding Increases Nearly 5% in 2017 (Chief Investment Officer)
https://www.ai-cio.com/news/sp-500-pension-funding-increases-nearly-5-2017/

INN investigation: Illinois State Board of Education contributes to taxpayer-funded pension spiking (Illinois News Network)
https://www.ilnews.org/news/schools/inn-investigation-illinois-state-board-of-education-contributes-to-taxpayer/article_209f8646-8dfb-11e8-87c2-23736191150c.html

Unfunded Pension Liabilities a Benefits Problem, Not Just a Funding Problem (Bacon’s Rebellion)
https://www.baconsrebellion.com/wp/unfunded-pension-liabilities-a-benefits-problem-not-just-a-funding-problem/

July 23, 2018

California Stories

California teacher pension debt swamps school budgets (Cal Matters)
https://calmatters.org/articles/california-teacher-pension-debt/

Editorial: What is the state Supreme Court waiting for? (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/editorials/8552329-181/pd-editorial-what-is-the

California’s teacher pension fund beats its investment goal for second straight year (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article215245095.html

Stop investing in immigrant detention companies, California teachers tell pension fund (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article215141125.html

Op-ed: Teacher Unions Reap What They Sow With Unsustainable Pensions (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/07/teacher-unions-reap-sow-unsustainable-pensions/

Does cost of living matter in retirement? Well, it matters when ranking best places to retire (OC Register)
https://www.ocregister.com/2018/07/21/does-cost-of-living-matter-in-retirement-well-it-matters-when-ranking-best-places-to-retire/

Public CIO pay getting renewed attention (Pensions & Investments)
http://www.pionline.com/article/20180723/PRINT/180729976/public-cio-pay-getting-renewed-attention

National Stories

Public Pensions Are Earning More Than 8%—That’s Unlikely to Go On Much Longer (Wall Street Journal)
https://www.wsj.com/articles/public-pensions-are-earning-more-than-8-thats-unlikely-to-go-on-much-longer-1532257201

Editorial: Why Your Pension Is Doomed (Wall Street Journal)
https://www.wsj.com/articles/why-your-pension-is-doomed-1532042985

Commentary: Public pension funds must not divest from reality (Pensions & Investments)
http://www.pionline.com/article/20180720/ONLINE/180729997/commentary-public-pension-funds-must-not-divest-from-reality

Is your public pension safe? States with the best retirement funding (USA Today)
https://www.usatoday.com/story/money/personalfinance/retirement/2018/07/20/states-with-best-retirement-funding-pensions/36987979/

Guest columnist: Benefit reductions necessary to save pension system (The State Journal (Kent.)
https://www.state-journal.com/2018/07/20/guest-columnist-benefit-reductions-necessary-to-save-pension-system/

Doom and gloom abounds, but a new pension idea emerges (Capitol Fax)
https://capitolfax.com/2018/07/20/doom-and-gloom-abounds-but-a-new-pension-idea-emerges/

July 20, 2018

California Stories

A Topsy-Turvy Week for Charter Schools and School-Choice Tax Credits (Capital & Main)
https://capitalandmain.com/a-topsy-turvy-week-for-charter-schools-and-school-choice-tax-credits-0719

National Stories

Republican candidates take swing at labor (Connecticut Mirror)
https://ctmirror.org/2018/07/19/republicans-show-confrontational-stance-towards-labor/

Nancy Pelosi coming to Michigan to talk pensions at Detroit town hall (Michigan Live)
https://www.mlive.com/news/index.ssf/2018/07/nancy_pelosi_coming_to_michiga.html

July 19, 2018

California Stories

As Predicted: Prop 30 Taxes Go for Pensions and Health Costs (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/07/predicted-prop-30-taxes-go-pensions-health-costs/

Study: Cost of pensions dangerous (The Daily Journal)
https://www.smdailyjournal.com/news/local/study-cost-of-pensions-dangerous/article_967247b4-8a4a-11e8-ac86-ff17b1bc9de1.html

CalPERS fighting divestment review bill (Pensions & Investments)
http://www.pionline.com/article/20180718/ONLINE/180719859/calpers-fighting-divestment-review-bill

Calpers appoints Axa Rosenberg for $1bn ‘sustainable’ fund (Financial News)
https://www.fnlondon.com/articles/calpers-appoints-axa-rosenberg-for-1bn-sustainable-fund-20180718

National Stories

How the Janus Ruling Might Doom Public Pensions Next (Slate)
https://slate.com/news-and-politics/2018/07/how-the-janus-ruling-might-doom-public-pensions-next.html

Janus Is Only the Beginning (American Spector)
https://spectator.org/janus-is-only-the-beginning/

We must reform budgeting process, but also rethink public pensions | Opinion (NJ.com)
https://www.nj.com/opinion/index.ssf/2018/07/nj_shutdown_averted_heres_how_to_reform_budgeting.html

Lawmakers Warn Of Economic Fallout From Failing Pensions (West Virginia Public Radio)
http://wvpublic.org/post/lawmakers-warn-economic-fallout-failing-pensions#stream/0

July 18, 2018

California Stories

Jerry Brown to Supreme Court: Hurry up and hear my pension law case (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article215029230.html

Editorial: Jerry Brown pushes for crucial decision on California pension reform before term expires (OC Register)
https://www.ocregister.com/2018/07/17/crucial-move-for-california-pension-reform/

Letter: Pensions (The Daily Journal)
https://www.smdailyjournal.com/opinion/letters_to_editor/pensions/article_ebc03098-8962-11e8-b375-378c80fd2efa.html

National Stories

Public pension funds adopt cost-sharing mechanisms to stem volatility (Pensions & Investments)
http://www.pionline.com/article/20180717/ONLINE/180719891/public-pension-funds-adopt-cost-sharing-mechanisms-to-stem-volatility

Berkowitz w/Rep. Skillicorn on solving the State’s pension mess by giving gov employees a haircut (Chicago Now)
http://www.chicagonow.com/public-affairs-with-jeff-berkowitz/2018/07/berkowitz-wrep-skillicorn-on-solving-the-states-pension-mess-by-giving-gov-employees-a-haircut-cable-web/

July 17, 2018

California Stories

CalPERS Moves Closer to Naming New CIO (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-moves-closer-naming-new-cio/

National Stories

More cuts to NJ pensions and health benefits? Not so fast, says Phil Murphy (North Jersey)
https://www.northjersey.com/story/news/columnists/charles-stile/2018/07/16/nj-pensions-benefits-cuts-phil-murphy/775804002/

Supreme Court Says Milwaukee Cannot Alter Retirement System Voting Rights (State Bar of Wisconsin)
https://www.wisbar.org/NewsPublications/Pages/General-Article.aspx?ArticleID=26463

July 16, 2018

California Stories

If state Supreme Court rules against San Diego on pensions, it could could cost city millions (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-ruling-20180713-story.html

Letters: Pensions vs. taxes (Sacramento Bee)
https://www.sacbee.com/opinion/letters-to-the-editor/article214696190.html

Double-digit infrastructure returns lifts CalPERS’s real assets investments (IPE)
https://realassets.ipe.com/news/double-digit-infrastructure-returns-lifts-calperss-real-assets-investments/10025742.article

National Stories

Budget Breakdown: How does this year’s budget address pensions? (NJTV)
https://www.njtvonline.org/news/video/budget-breakdown-how-does-this-years-budget-address-pensions/

July 12, 2018

California Stories

L.A. Voice: “Stealing” money from the public with no shame (The Hub LA)
http://www.hub-la.com/opinion/

National Stories

After Wall Street’s Destruction of Toys ‘R’ Us, Pension Funds May Divest From Private Equity (In These Times)
http://inthesetimes.com

MINNESOTA TWEAKS PUBLIC PENSION PROGRAMS (The Heartland Institute)
https://www.heartland.org/news-opinion/news/minnesota-tweaks-public-pension-programs

July 11, 2018

National Stories

Opinion: The Court Tosses Blue States a Life Jacket (WSJ)
https://www.wsj.com/articles/the-court-tosses-blue-states-a-life-jacket-1531263883

Damschroder: Do or die for Ohio public employee unions (Fremont News Messenger)
https://www.thenews-messenger.com/story/news/2018/07/10/damschroder-public-employee-unions-need-get-track-perish/767485002/

July 10, 2018

California Stories

OPINION California’s economy may be booming but pension payments have governments cash-strapped (OC Register)
https://www.ocregister.com/2018/07/09/californias-economy-may-be-booming-but-pension-payments-have-governments-cash-strapped/

Coy About Taxes and Pension Costs (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/07/coy-taxes-pension-costs/

National Stories

The Other Side of Janus (The Atlantic)
https://www.theatlantic.com/politics/archive/2018/07/the-other-side-of-janus/564755/

Illinois starts retirement savings program (WCIA)
https://www.illinoishomepage.net/news/local-news/state-starts-retirement-savings-program/1292255410

Des Moines retirees blast district over derailed plan to transfer pensions to IPERS (Des Moines Register)
https://www.desmoinesregister.com/story/news/education/2018/07/09/ipers-des-moines-public-schools-teachers-retirement-system-transfer-hits-snag-dmps-pension/581106002/

New Jersey pension investments now guided by social, environmental values (North Jersey)
https://www.northjersey.com/story/news/new-jersey/2018/07/09/new-jersey-pension-investments-guided-social-environmental-values/680349002/

 

July 9, 2018

California Stories

Dan Walters: What’s with all the talk of California taxes? Do the math – it’s pension costs (Cal Matters)
https://www.sacbee.com/opinion/california-forum/article214312229.html

National Stories

Pennsylvania state treasurer condemns $5.5bn pension fee ‘waste’ (Financial Times)
https://www.ft.com/content/1967b8a4-7ecd-11e8-bc55-50daf11b720d

Minnesota’s pension changes “far from a cure-all,” Moody’s warns (Minneapolis Star Tribune)
http://www.startribune.com/minnesota-s-pension-changes-not-a-cure-all-moody-s-warns/487616801/

Editorial: Give independent voters the substance they desire (The Day (Conn.)
https://www.theday.com/article/20180706/OP01/180709554

Comcast to pay nearly $13.8 million to Lane County agencies (Eugene Register-Guard)
http://www.registerguard.com/news/20180707/comcast-to-pay-nearly-138-million-to-lane-county-agencies

What and who will it take to stop Connecticut’s fall? (Journal Inquirer)
http://www.journalinquirer.com/public/what-and-who-will-it-take-to-stop-connecticut-s/article_6cefa2de-8378-11e8-9ed8-a396e2a8e350.html

July 8, 2018

California Stories

Dan Walters: Did Brown fix California’s budget mess? Nope (CalMatters)
https://calmatters.org/articles/commentary/jerry-brown-final-california-budget/

Herald Fire borrows $460,000 to end CalPERS contract (Lodi News-Sentinel)
https://www.lodinews.com/news/article_97243a06-80e9-11e8-8c9f-0b133458f88b.html

National Stories

MURPHY signs police, firefighter pension bill (Politico)
https://www.politico.com/newsletters/new-jersey-playbook/2018/07/05/murphy-signs-police-firefighter-pension-bill-credit-agencies-not-impressed-by-nj-budget-guscioras-mou-snafu-283145

To-do list for the next Legislature: Work together and get the job done (St Peter Herald (Minn.)
http://www.southernminn.com/st_peter_herald/opinion/article_e9971251-b454-5191-ba47-20a06c31e99b.html

July 5, 2018

California Stories

Grand jury finds high risk in Santa Maria, Lompoc pension plans (Santa Maria Times)
https://santamariatimes.com/news/local/grand-jury-finds-high-risk-in-santa-maria-lompoc-pension/article_7e0a26ed-bd00-5a28-8e35-354b46bf6fa1.html

National Stories

Editorial: Now, expand public pension spike reforms (The Dispatch-Argus)
https://qconline.com/opinion/editorial/editorial-now-expand-public-pension-spike-reforms/article_fedcda9a-4f22-59be-9617-10a4af662b3b.html

Guest view: Don’t blame unions for corporate greed (Quad City Times)
https://qctimes.com/opinion/columnists/guest-view-don-t-blame-unions-for-corporate-greed/article_ebf3a605-e6d5-5e49-a340-2bd0bb49be0e.html

Phil Murphy gives police and firefighter unions control of their pensions (NJ.com)
https://www.nj.com/politics/index.ssf/2018/07/phil_murphy_signs_bill_spinning_off_control_of_pen.html

Pensions profiting from medical billing practices banned by states (Benefits Pro)
https://www.benefitspro.com/2018/07/03/pensions-profiting-from-medical-billing-practices/

Some criminally convicted retirees could keep more of their pensions under new proposal (Boston Globe)
https://www.bostonglobe.com/metro/2018/07/04/some-criminally-convicted-retirees-could-keep-more-their-pensions-under-new-proposal/iSad8Iz7UIzcquJT1pM9NJ/story.html

Commentary: Progressive income tax proposal would sink Illinois (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/commentary/ct-perspec-mcsweeney-illinois-graduated-progressive-tax-financial-disaster-0705-story.html

July 2, 2018

California Stories

COMMENTARY Why California Is Losing Teachers and Laying Off Secretaries (Wall Street Journal)
https://www.wsj.com/articles/why-california-is-losing-teachers-and-laying-off-secretaries-1530314621

Opinion: Janus court decision is a big win for Californians (San Jose Mercury News)
https://www.mercurynews.com/2018/06/30/opinion-janus-court-decision-is-a-big-win-for-californians/

Editorial: Pension trust fund can work (Chico Enterprise-Record)
https://www.chicoer.com/2018/06/30/editorial-pension-trust-fund-can-work/

Now they have a choice. Will California teachers and cops stay in their unions? (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article214022469.html

To avoid budget shortfall, Arroyo Grande lays off workers, will increase fees (SLO Tribune)
https://www.sanluisobispo.com/news/local/article213130809.html

National Stories

Census Bureau: Public pension contributions rise 4.6% in 2017, assets up 7.8% (Pensions & Investments)
http://www.pionline.com/article/20180629/ONLINE/180629823/census-bureau-public-pension-contributions-rise-46-in-2017-assets-up-78

Editorial: Welcome to the real world, AFSCME (Quad City Times)
https://qctimes.com/opinion/editorial/editorial-welcome-to-the-real-world-afscme/article_049c2ee3-e66c-5775-9fba-5c26c8058e65.html

Buehler Proposes PERS Cuts To End Oregon’s ‘Classroom Funding Crisis’ (Oregon Public Broadcasting)
https://www.opb.org/news/article/oregon-education-knute-buehler-public-schools/

NJ budget deal: Phil Murphy loses 2018 battle, hurts chances for more tax increases (North Jersey)
https://www.northjersey.com/story/news/columnists/charles-stile/2018/07/01/nj-government-shutdown-murphy-loses-hurts-chance-tax-increases/748687002/

New Jersey Governor, Lawmakers Reach Budget Deal, Avoid Shutdown (Wall Street Journal)
https://www.wsj.com/articles/new-jersey-governor-lawmakers-reach-budget-deal-avoid-shutdown-1530409878

NJ government shutdown 2018: Averted this year, but take a look at every time its happened (North Jersey)
https://www.northjersey.com/story/news/new-jersey/2018/06/30/new-jersey-government-shutdowns-history/739740002/

Statehouse Insider: June was big month for Rauner (The State Journal-Register)
http://www.sj-r.com/opinion/20180630/statehouse-insider-june-was-big-month-for-rauner