April 22, 2017

California Stories

Borenstein: City managers concerned pensions will cause more bankruptcies (East Bay Times)
http://www.eastbaytimes.com/2017/04/21/borenstein-city-managers-concerned-pensions-will-cause-more-bankruptcies/

Underfunded CalPERS, CalSTRS dislike divestment (Calpensions)
https://calpensions.com/2017/04/24/underfunded-calpers-calstrs-dislike-divestment/

Joel Fox: Split roll property tax proposal is really a pension tax (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article145645924.html

CalPERS, CalSTRS to vote against some Wells Fargo directors (SF Chronicle)
http://www.sfgate.com/business/networth/article/CalPERS-CalSTRS-to-vote-against-some-Wells-Fargo-11090735.php

Wells Fargo Directors Face Uncertain Prospects (Fox Business)
http://www.foxbusiness.com/features/2017/04/23/wells-fargo-directors-face-uncertain-prospects.html

National Stories

Mississippi pension funding too low: Report (AP)
http://www.clarionledger.com/story/news/local/2017/04/23/mississippi-pension-funding-too-low-report/100828412/

State investment board staff to reap record bonus total (Wisconsin State Journal)
http://host.madison.com/wsj/news/local/govt-and-politics/state-investment-board-staff-to-reap-record-bonus-total/article_7ad4010b-9c51-5807-90cf-e4d6fa2eb54a.html

EDITORIAL State actions are overdue (Eugene Register-Guard)
http://registerguard.com/rg/opinion/35507125-78/state-actions-are-overdue.html.csp

Oust N.J. incumbents who block sick-pay reform | Feedback (NJ.com)
http://www.nj.com/opinion/index.ssf/2017/04/oust_nj_incumbents_who_block_sick-pay_reform_feedback.html

April 21, 2017

California Stories

Could San Bernardino face bankruptcy again? City manager says he doesn’t see it happening (San Bernardino Sun)
http://www.sbsun.com/government-and-politics/20170420/could-san-bernardino-face-bankruptcy-again-city-manager-says-he-doesnt-see-it-happening

California State Agency Effort to Nullify Pension Vote Is Eerily Totalitarian (Reason)
http://reason.com/archives/2017/04/21/california-state-agency-effort-to-nullif

National Stories

Analysis: How to fix America’s broken retirement system (USA Today)
https://www.usatoday.com/story/money/personalfinance/retirement/2017/04/19/how-fix-americas-broken-retirement-system/100185208/

State public pension funding gap hits $1.1 trillion in 2015 -Pew (Reuters)
http://www.nasdaq.com/article/state-public-pension-funding-gap-hits-11-trillion-in-2015-pew-20170420-01062#ixzz4etfN7Krn

Why Small-Business Owners Should Offer Pension Plans (Ft. Levenworth Lamp)
http://www.ftleavenworthlamp.com/business/20170421/why-small-business-owners-should-offer-pension-plans

April 20, 2017

California Stories

Proposed state pension reform is hot topic at H.B. council meeting (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-hb-pensions-20170419-story.html

Rewarding Public Employees With New Tax Hikes on the Private Sector (The American Spectator)
https://spectator.org/rewarding-public-employees-with-new-tax-hikes-on-the-private-sector/

State court punches union-backed ‘judge’ in the head (R Street)
http://www.rstreet.org/op-ed/state-court-punches-union-backed-judge-in-the-head/

April 19, 2017

California Stories

Editorial: Politics shouldn’t drive pension investments (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/6902154-181/pd-editorial-politics-shouldnt-drive

Retirees of defunct San Gabriel Valley job agency to CalPERS: ‘Don’t throw away our futures’ (San Gabriel Valley Tribune)
http://www.sgvtribune.com/government-and-politics/20170418/retirees-of-defunct-san-gabriel-valley-job-agency-to-calpers-dont-throw-away-our-futures

L.A. retirees lose last-ditch appeal for pensions at CalPERS (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article145331684.html

California high court sets stage for major pension ruling (R Street)
http://www.rstreet.org/op-ed/california-high-court-sets-stage-for-major-pension-ruling/

Can Public Workers Get Pension Benefits Without Actually Working? California Supreme Court Will Decide (Reason)
http://reason.com/blog/2017/04/18/some-california-public-workers-can-get-c

National Stories

Business leaders advocate for ending public pension, retiree health care benefits (Crain’s Detroit Business)
http://www.crainsdetroit.com/article/20170418/NEWS/170419811/business-leaders-advocate-for-ending-public-pension-retiree-health

April 18, 2017

California Stories

Appeals court allows pension cuts, backs San Diego (Capitol Weekly)
http://capitolweekly.net/appeals-court-allows-pension-cuts-backs-san-diego/

Supreme Court hears CalPERS argument on class-action suit deadlines (Pensions & Investments)
http://www.pionline.com/article/20170417/ONLINE/170419886/supreme-court-hears-calpers-argument-on-class-action-suit-deadlines

Calpers Is Sick of Paying Too Much for Private Equity (Wall Street Journal)
https://www.wsj.com/articles/calpers-is-sick-of-paying-too-much-for-private-equity-1492254008

CalPERS unanimously votes to block divestment (Climate Wire)
https://www.eenews.net/climatewire/2017/04/18/stories/1060053201

National Stories

Editorial: How serious is the PERS issue? (Bend Bulletin)
http://www.bendbulletin.com/opinion/5238186-151/editorial-how-serious-is-the-pers-issue

Opinion: Why Gov McMaster should veto defective pension bill (The State)
http://www.thestate.com/opinion/op-ed/article145029529.html

PERS secrecy bill based on unfounded fears: Our view (Reno Gazette Journal)
http://www.rgj.com/story/opinion/editorials/2017/04/17/pers-secrecy-bill-based-unfounded-fears-view/100558940/

April 17, 2017

California Stories

Another court setback for protectors of pensions (Calpensions)
https://calpensions.com/2017/04/17/another-court-setback-for-protectors-of-pensions/

Opinion Don’t count on California’s Democratic leaders to give pension reform a fair chance (LA Times)
http://www.latimes.com/opinion/readersreact/la-ol-le-pension-reform-ballot-language-20170414-story.html

CalPERS looks at changing how it invests in private equity: WSJ (Reuters)
http://www.reuters.com/article/us-calpers-privateequity-idUSKBN17J03K?il=0

The Prop. B Ruling Could Reverberate Throughout California (Voice of San Diego)
http://www.voiceofsandiego.org/topics/government/the-prop-b-ruling-could-reverberate-throughout-california/
San Rafael singled out for high pension payment rate
(Marin Independent Journal)
http://www.marinij.com/government-and-politics/20170415/san-rafael-singled-out-for-high-pension-payment-rate

Opinion: San Diego Ruling Could Be First Step to Real Public Pension Reform (Times of San Diego)
https://timesofsandiego.com/opinion/2017/04/15/opinion-san-diego-ruling-could-be-first-step-to-real-public-pension-reform/

National Stories

Local public pensions debate pros, cons of joining state systems (Pensions & Investments)
http://www.pionline.com/article/20170417/PRINT/304179985/local-public-pensions-debate-pros-cons-of-joining-state-systems

Low-return expectations sending institutional investors to private assets (Benefits Pro)
http://www.benefitspro.com/2017/04/14/low-return-expectations-sending-institutional-inve

Oregon pension reform already in place, we just need to use it (Opinion) (The Oregonian)
http://www.oregonlive.com/opinion/index.ssf/2017/04/oregon_pension_reform_already.html

April 14, 2017

California Stories

Chasing higher returns, public pension funds spent $10 billion on investment fees in 2014 (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article144504269.html#storylink=cpy

California Supreme Court accepts another pension rights case (Pensions & Investments)
http://www.pionline.com/article/20170413/ONLINE/170419930/california-supreme-court-accepts-another-pension-rights-case

National Stories

Public pensions matter — just ask Michigan and West Virginia (The Hill)
http://thehill.com/blogs/pundits-blog/economy-budget/328082-public-pensions-matter-just-ask-michigan-and-west-virginia

Public Pensions’ Cash and Short-Term Investments Jumped 16.7% in 4Q (Chief Investment Officer)
https://www.ai-cio.com/news/public-pensions-cash-short-term-investments-jumped-16-7-4q/

House approves FRS changes critics say will destabilize the plan (Tallahassee Democrat)
http://www.tallahassee.com/story/news/2017/04/13/house-approves-frs-changes-critics-say-destablize-plan/100421902/

Lawmakers to Christie: Don’t force deal on N.J. pension reform and lottery revenue (NJ.com)
http://www.nj.com/politics/index.ssf/2017/04/lawmakers_to_christie_dont_force_deal_on_nj_lotter.html

Stile: Long-shot pension ploy shows Christie as lame duck (NorthJersey.com)
http://www.northjersey.com/story/news/columnists/charles-stile/2017/04/12/stile-christies-bid-concessions-comes-too-late/100347830/

Merger of Des Moines’ pension fund into IPERS gets Senate OK (Des Moines Register)
http://www.desmoinesregister.com/story/news/politics/2017/04/13/merger-des-moines-pension-fund-into-ipers-gets-senate-ok/100420118/

Pew Charitable Trusts reports state pension funds, including Oregon’s PERS, are making riskier investments (Statesman Journal)
http://www.statesmanjournal.com/story/news/politics/state-workers/2017/04/12/pew-charitable-trusts-reports-state-pension-funds-including-pers-making-riskier-investments/100381708/

Pew Report: N.C. pension fund’s returns have been subpar over past 10 years (The News Observer)
http://www.newsobserver.com/news/business/article144216914.html#storylink=cpy

Nevada public pensioner votes to keep his pension secret (Las Vegas Review Journal)
https://www.reviewjournal.com/news/news-columns/victor-joecks/nevada-public-pensioner-votes-to-keep-his-pension-secret/

Institutional Investors Turning to Private Funds for Returns (Plan Sponsor)
http://www.plansponsor.com/Institutional-Investors-Turning-to-Private-Funds-for-Returns/

April 13, 2017

California Stories

Editorial: Brown, legislators prove they can get big jobs done (Marin Independent Journal)
http://www.marinij.com/opinion/20170412/marin-ij-editorial-brown-legislators-prove-they-can-get-big-jobs-done

State Supreme Court to review law eliminating pension benefit (SF Chronicle)
http://www.sfgate.com/news/article/State-Supreme-Court-to-review-law-eliminating-11069304.php

California appeals courts dismisses San Diego pension reform lawsuit (Pensions & Investments)
http://www.pionline.com/article/20170412/ONLINE/170419931/california-appeals-courts-dismisses-san-diego-pension-reform-lawsuit

Greenhut: Democratic attorneys general are the true masters of vote suppression (R Street)
http://www.rstreet.org/op-ed/democratic-attorneys-general-are-the-true-masters-of-vote-suppression/

Op-ed: Divestment from California public pension funds is bad for pensioners (San Francisco Chronicle)
http://www.sfchronicle.com/opinion/openforum/article/Divestment-from-California-public-pension-funds-11069482.php

Higher Pension Costs Mean More Budget Cuts (Santa Barbara Independent)
http://www.independent.com/news/2017/apr/13/higher-pension-costs-mean-more-budget-cuts/

National Stories

Michigan’s public pensions are at risk (The Detroit News)
http://www.detroitnews.com/story/opinion/2017/04/13/state-pensions-underfunded/100391768/

April 12, 2017

California Stories

Appeals court vindicates San Diego’s 2012 pension cutbacks (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-appeal-20170411-story.html

California court upholds San Diego’s pension reform plan (Reuters)
http://www.reuters.com/article/us-california-pensions-sandiego-idUSKBN17D2T4

Dick Spotswood: San Diego provides lessons on public pension promises (Marin Independent Journal)
http://www.marinij.com/opinion/20170411/dick-spotswood-san-diego-provides-lessons-on-public-pension-promises

CalPERS says divesting from border wall, Dakota pipeline could hurt taxpayers (Sac Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article144047384.html?utm_source=dlvr.it&utm_medium=twitter

Californians Are About to Start Noticing the Pension Crisis (The American Interest)
https://www.the-american-interest.com/2017/04/11/californians-are-about-to-start-noticing-the-pension-crisis/

CalPERS state rate doubles in decade to $6 billion (Calpensions)
https://calpensions.com/2017/04/12/calpers-state-rate-doubles-in-decade-to-6-billion/

April 11, 2017

California Stories

California Cities’ Pension Tab Seen Almost Doubling in 5 Years (Bloomberg)
https://www.bloomberg.com/news/articles/2017-04-10/california-cities-pension-tab-seen-almost-doubling-in-5-years

San Diego County’s 10 Worst-Funded Pension Plans (Voice of San Diego)
http://www.voiceofsandiego.org/topics/government/san-diego-countys-10-worst-funded-pension-plans/

How Kamala Harris Killed California Pension Reform (The American Interest)
https://www.the-american-interest.com/2017/04/08/how-kamala-harris-killed-california-pension-reform/

Firefighter DROP payments hit new record (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/data-watch/sd-me-sdcers-drop-20170410-story.html

National Stories

Teachers Retirement System of Texas is ‘too big to fail’ (Houston Chronicle)
http://www.houstonchronicle.com/business/article/Teachers-Retirement-System-of-Texas-is-too-big-11059452.php

South Carolina Legislature passes pension reform bill (Pensions & Investments)
http://www.pionline.com/article/20170407/ONLINE/170409894/south-carolina-legislature-passes-pension-reform-bill

Editorial: South Carolina Gov. Henry McMaster should veto inadequate pension reform plan (Post and Courier)
http://www.postandcourier.com/opinion/editorials/south-carolina-gov-henry-mcmaster-should-veto-inadequate-pension-reform/article_bce0481a-1ae3-11e7-b948-e783d4a9b919.html

Christie seeking support for lottery proposal, more employee benefit reform (Burlington County Times)
http://www.burlingtoncountytimes.com/news/local/christie-seeking-support-for-lottery-proposal-more-employee-benefit-reform/article_e4d2aec8-1e2e-11e7-be0e-4f516b807eb9.html

1,030 state retirees have pensions over $100,000 (Yankee Institute for Public Policy)
http://www.yankeeinstitute.org/2017/04/1030-state-retirees-have-pensions-over-100000/

April 7, 2017

California Stories

Why a few sentences of legalese make all the difference in curbing California’s public pension costs (LA Times)
http://www.latimes.com/projects/la-me-pension-crisis-initiatives/

OPINION A proposal that would make pension crisis even worse (OC Register)
http://www.ocregister.com/articles/gabriel-748634-benefits-san.html

National Stories

Swift and sure penalties would end corruption (The Detroit News)
http://www.detroitnews.com/story/opinion/2017/04/06/corruption-penalties/100092706/

April 5, 2017

California Stories

Fresno County to pay $8 million to state for costs tied to workers’ pension (Fresno Bee)
http://www.fresnobee.com/news/local/article142711734.html#storylink=cpy

California Lawmakers Move To Divest From Companies Building New Border Wall (WBUR)
http://www.wbur.org/hereandnow/2017/04/04/california-lawmakers-divest-border-wall

Federal judge rules CalSTRS can obtain discovery documents in Volkswagen lawsuit (Pensions & Investments)
http://www.pionline.com/article/20170404/ONLINE/170409949/federal-judge-rules-calstrs-can-obtain-discovery-documents-in-volkswagen-lawsuit

National Stories

Let’s have a debate on Texas public pension plans (San Antonio Express-News)
http://www.mysanantonio.com/opinion/commentary/article/Let-s-have-a-debate-on-Texas-public-pension-11050536.php

White: Houston’s pension reform bill deserves support (Houston Chronicle)
http://www.houstonchronicle.com/opinion/outlook/article/White-Houston-s-pension-reform-bill-deserves-11050314.php

Trouble Looms For State Pension And Health Plan (WFAE)
http://wfae.org/post/trouble-looms-state-pension-and-health-plan

Guest Column: Mayor’s pension plan is akin to giving away the store (Florida Times-Union)
http://jacksonville.com/opinion/columnists/2017-04-04/guest-column-mayor-s-pension-plan-akin-giving-away-store

BETTING ON NJ LOTTERY TO HELP BAIL OUT PUBLIC-EMPLOYEE PENSION SYSTEM (NJ Spotlight)
http://www.njspotlight.com/stories/17/04/02/is-christie-betting-on-nj-lottery-to-help-bail-out-public-employee-pension-system/

Pension reform wrong for Wisconsin — Claiborne Hill (Wisconsin State Journal)
http://host.madison.com/wsj/opinion/mailbag/pension-reform-wrong-for-wisconsin—-claiborne-hill/article_38f9dabd-228f-53e0-a970-e395dfa5dbca.html

April 4, 2017

California Stories

Letters: Why San Diego’s pension problems will be ‘never-ending’ (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/letters-to-the-editor/sd-san-diego-pension-problems-20170403-story.html

Letter: San Luis Obispo’s pension problems have been building for years (SLO Tribune)
http://www.sanluisobispo.com/opinion/letters-to-the-editor/article142532849.html

National Stories

Mismanaged pension funds are imperiling state budgets (The Hill)
http://thehill.com/blogs/pundits-blog/economy-budget/327039-mismanaged-pension-funds-are-imperiling-state-budgets

Editorial: Walling off assets is wrong (Pensions & Investments)
http://www.pionline.com/article/20170403/PRINT/304039998/walling-off-assets-is-wrong

State Officials’ Pension Underfunding Crushing Michigan School Budgets (Michigan Capitol Confidential)
https://www.michigancapitolconfidential.com/state-officials-pension-underfunding-crushing-michigan-school-budgets

Words of wisdom from Ted Benna (Benefits Pro)
http://www.benefitspro.com/2017/04/04/words-of-wisdom-from-ted-benna

April 3, 2017

California Stories

Retirement savings for all? California vows to proceed despite new D.C. obstacle (San Jose Mercury News)
http://www.mercurynews.com/2017/04/01/retirement-savings-for-all-california-vows-to-proceed-despite-new-d-c-obstacle/

Pasadena’s Budget Shortfall: What’s the Answer? (Pasadena Now)
http://www.pasadenanow.com/main/pasadenas-budget-shortfall-whats-the-answer/#.WOG_6xLyv6Y

National Stories

John Arnold: The Most Hated Man in PensionLand (Governing)
http://www.governing.com/topics/mgmt/gov-john-arnold-pensions.html

EDITORIAL: Rauner plays fast and loose with city pension relief (Crain’s Chicago Business)
http://www.chicagobusiness.com/article/20170331/ISSUE07/170339979/bruce-rauner-plays-fast-and-loose-with-city-pension-relief

Cullerton at college event: Support for redistricting reform; pension reform hard because unions opposed (Illinois News Network)
http://ilnews.org/news/state_politics/cullerton-at-college-event-support-for-redistricting-reform-pension-reform/article_ccda2206-17df-11e7-9dad-332679d8f5f4.html

Editorial: Jersey lawmakers look to dig the $135B pension hole even deeper (New York Post)
http://nypost.com/2017/04/02/jersey-lawmakers-look-to-dig-the-135b-pension-hole-even-deeper/

Kentucky’s new leadership tries to pull it back from the pension cliff (R Street)
http://www.rstreet.org/2017/03/31/kentuckys-new-leadership-tries-to-pull-it-back-from-the-pension-cliff/

Insurance costs have legislators’ attention (Eugene Register Guard)
http://registerguard.com/rg/news/local/35433126-75/insurance-costs-have-legislators-attention.html.csp#

American-Made Pension Crisis the Next Financial Catastrophe? (Lombardi Letter)
https://www.lombardiletter.com/american-made-pension-crisis-next-financial-catastrophe/9611/

March 31, 2017

California Stories

Chuck Reed: Retirees in L.A. feel the sting of unfunded pensions (East Bay Times)
http://www.eastbaytimes.com/2017/03/29/chuck-reed-retirees-in-l-a-feel-the-sting-of-unfunded-pensions/

National Public Pension Coalition: Why Pensions Matter Report Reveals Need for Pensions in California
https://californianewswire.com/national-public-pension-coalition-why-pensions-matter-report-reveals-need-for-pensions-in-california/

New assessment shows California retired teachers’ account only 63.7 percent funded (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article141739529.html#storylink=cpy

School Pensions Swell (Santa Barbara Independent)
http://www.independent.com/news/2017/mar/30/schools-pensions-swell/

National Stories

U.S. public pension assets rise to $3.396 trln in Q4-Census (Reuters)
http://www.reuters.com/article/usa-pensions-census-idUSL2N1H61ZK

SWEENEY: Let police, fire unions run their pension system (Asbury Park Press)
http://www.app.com/story/opinion/columnists/2017/03/30/sweeney-let-police-fire-unions-run-pension-system/99819134/

Kansas Senate advances budgets with pension move (AP)
http://www.knssradio.com/articles/kansas-senate-advances-budgets-pension-move

Kansas House panel OKs ‘flat’ income tax plan (AP)
http://www.therepublic.com/2017/03/29/ks-xgr-kansas-budget-taxes-the-latest/

Public employee pension reform on the move (The Express (Penn.)
http://www.lockhaven.com/opinion/editorials/2017/03/public-employee-pension-reform-on-the-move/

Op-Ed: NJ Police and Fire Pension Bill — From the Frying Pan to the … (Philadelphia Inquirer)
http://www.philly.com/philly/blogs/njspotlight/njspotlight_20170329_Op-Ed__NJ_Police_and_Fire_Pension_Bill___From_the_Frying_Pan_to_the__.html

State government employees aren’t Connecticut’s only ‘working people’ (Journal Inquirer (Conn.)
http://www.journalinquirer.com/public/state-government-employees-aren-t-connecticut-s-only-working-people/article_ee39f6fc-14eb-11e7-b305-17af4535a956.html

Bill would halve Gov. Walker’s pension bond authority (Alaska Public Media)
http://www.alaskapublic.org/2017/03/30/bill-would-halve-gov-walkers-pension-bond-authority/

Public Employees — Ever More Untouchable (The American Spectator)
https://spectator.org/public-employees-ever-more-untouchable/

RESEARCH & COMMENTARY: WISCONSIN’S PROACTIVE APPROACH TO PENSION REFORM IS THE RIGHT ONE (Heartland Institute)
https://www.heartland.org/publications-resources/publications/research–commentary-wisconsins-proactive-approach-to-pension-reform-is-the-right-one

March 29, 2017

California Stories

Chuck Reed: NJ POLICE AND FIRE PENSION BILL — FROM THE FRYING PAN TO THE … (NJ Spotlight)
http://www.njspotlight.com/stories/17/03/28/op-ed-nj-police-and-fire-pension-bill-from-the-frying-pan-to-the/

Lawmakers Look to California Retirement Funds to Protest Trump (KQED)
https://ww2.kqed.org/news/2017/03/28/lawmakers-look-to-california-retirement-funds-to-protest-trump/

Plug the dirty cash flow to pipelines and polluters (SF Examiner)
http://www.sfexaminer.com/plug-dirty-cash-flow-pipelines-polluters/

National Stories

Iowa pension plan is the latest to cut expected returns (Institutional Investor)
http://www.institutionalinvestor.com/article/3673340/investors-pensions/iowa-public-pension-plan-is-the-latest-fund-to-cut-expected-returns.html#.WNvGMxLyv6Y

Rep. Frey Urges General Assembly to Pass Pension Reform Bills to Alleviate State Budget Woes (Hamlet Hub (Conn.)
http://news.hamlethub.com/ridgefield/politics/55615-rep-frey-urges-general-assembly-to-pass-pension-reform-bills-to-alleviate-state-budget-woes

A push to revive Alaska’s pension system (Juneau Empire)
http://juneauempire.com/news/2017-03-28/push-revive-alaska-s-pension-system

March 28, 2017

California Stories

OPINION Don’t let the perfect be the enemy of the good in retirement income offerings to UC workers (OC Register)
http://www.ocregister.com/articles/employees-747427-ago-year.html

OPINION California’s tribal politics (OC Register)
http://www.ocregister.com/articles/fellow-747629-particularly-concerns.html

National Stories

Markets can’t ignore pension crisis (Benefits Pro)
http://www.benefitspro.com/2017/03/27/markets-cant-ignore-pension-crisis

Pension Crisis Too Big for Markets to Ignore (Bloomberg)
https://www.bloomberg.com/view/articles/2017-03-24/pension-crisis-too-big-for-markets-to-ignore

Branstad calls IPERS’ changes ‘prudent’ to shore up statewide pension fund (Des Moines Register)
http://www.desmoinesregister.com/story/news/politics/2017/03/27/branstad-calls-ipers-changes-prudent-shore-up-statewide-pension-fund/99686464/

Iowa Public Employees cuts assumed rate of return to 7% (Pensions & Investments)
http://www.pionline.com/article/20170327/ONLINE/170329890/iowa-public-employees-cuts-assumed-rate-of-return-to-7

Supreme Court takes on pension fund-led case on securities fraud over filing omissions (Pensions & Investments)

http://www.pionline.com/article/20170327/ONLINE/170329889/supreme-court-takes-on-pension-fund-led-case-on-securities-fraud-over-filing-omissions

Pension reform gets a public hearing, union leaders fear Connecticut will become Arkansas (Yankee Institute)
http://www.yankeeinstitute.org/2017/03/pension-reform-gets-a-public-hearing-union-leaders-fear-connecticut-will-become-arkansas/

March 27, 2017

California Stories

Pension Crisis Too Big for Markets to Ignore (Bloomberg)
https://www.bloomberg.com/view/articles/2017-03-24/pension-crisis-too-big-for-markets-to-ignore

OPINION: Don’t let the perfect be the enemy of the good in retirement income offerings to UC workers (OC Register)
http://www.ocregister.com/articles/employees-747427-ago-year.html

National Stories

Why Pew Is Working To Strengthen Public Pension Systems (Huffington Post)
http://www.huffingtonpost.com/entry/why-pew-is-working-to-strengthen-public-pension-systems_us_58d4018ce4b062043ad4b0c1

Rauner vetoes bill to shore up Chicago municipal workers pensions (Chicago Sun Times)
http://chicago.suntimes.com/politics/rauner-vetoes-bill-to-bail-out-chicago-municipal-workers-pensions/

PERS: Lawmakers consider public pension reform bills (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2017/03/pers_public_pension_bills_revi.html

State workers, police and firefighter pensions lose in Senate GOP budget (The Olympian)
http://www.theolympian.com/news/politics-government/the-state-worker/article140719963.html

State pensions: An embarrassing mess that must be fixed (Sun Gazette (Penn.)
http://www.sungazette.com/opinion/editorials/2017/03/state-pensions-an-embarrassing-mess-that-must-be-fixed/

March 24, 2017

California Stories

Guest Commentary: Higher taxes, lower returns — time to bite the bullet (San Diego Union Tribune)
http://www.sandiegouniontribune.com/ramona-sentinel/opinion/sd-cm-ram-commentary-cassella-20170323-story.html

Calif. Judges Not Owed Millions in Back Pay, State Says (The Recorder)
http://www.therecorder.com/home/id=1202781976453/Calif-Judges-Arent-Owed-Millions-in-Back-Pay-State-Says?mcode=1202617072607&curindex=0&slreturn=20170223230028

Lodi Unified also plagued by rising pension costs (Lodi News-Sentinel)
http://www.lodinews.com/news/article_2fa03cd2-0b9b-11e7-be3b-43f087cc40c4.html

Aided by economy, tax, Ventura ready to boost services (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/ventura/2017/03/23/aided-economy-tax-ventura-ready-boost-services/99550180/

The business of government (Sonoma Valley Sun)
http://sonomasun.com/2017/03/23/the-business-of-government/

National Stories

Opponents of pension fund bill worry it could sock N.J. taxpayers (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/opponents_of_pension_fund_bill_warn_it_lacks_prote.html

Public-employee pensions scrutinized (The Huntsville (Tex.) Item)
http://www.itemonline.com/news/public-employee-pensions-scrutinized/article_5acf0f3f-8f4a-5a5f-8707-242540149902.html

March 22, 2017

California Stories

Report Raises Disagreement Over Pension Funding (Bond Buyer)
http://www.bondbuyer.com/news/markets-buy-side/report-raises-disagreement-over-pension-funding-1128202-1.html

Sacramento considers bonuses for police employees to discourage them from leaving (Sacramento Bee)
http://www.sacbee.com/news/local/crime/article139741783.html

Pension problems: Low funds worry experts (Kern Golden Empire)
http://www.kerngoldenempire.com/news/local-news/pension-problems-low-funds-worry-experts/677497131

Editorial: California should not punish companies building Trump’s wall (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-calpers-calstrs-investment-divestment-nope-20170321-story.html

California shouldn’t invest in companies that build President Trump’s border wall, lawmakers say (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-shouldn-t-invest-in-1490034477-htmlstory.html

California Threatens to Divest From Companies That Help Build Trump Wall (Bloomberg)
https://www.bloomberg.com/politics/trackers/2017-03-21/calif-threatens-to-divest-from-cos-that-help-build-trump-wall

National Stories

How to Protect Yourself from the Looming Pension Crisis (Value Walk)
http://www.valuewalk.com/2017/03/protect-looming-pension-crisis/

N.J. voters would raise taxes on the rich to fund public worker pensions, poll finds (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/poll_finds_nj_voters_would_raise_taxes_on_the_rich.html

Three Connecticut pension funds report returns above 13 percent (Westfair Communications)
http://westfaironline.com/86929/three-connecticut-pension-funds-report-returns-above-13-percent/

Houston pension bill moves ahead, despite flaws (Texas Watchdog)
http://watchdog.org/291481/houston-pension-turner/

More phony pension bills (Times-Tribune (Wash.)
http://thetimes-tribune.com/opinion/more-phony-pension-bills-1.2169901

March 20, 2017

California Stories

Their pensions were cut by CalPERS. Now these San Gabriel Valley retirees worry about losing their homes. (San Gabriel Valley Tribune)
http://www.sgvtribune.com/government-and-politics/20170320/their-pensions-were-cut-by-calpers-now-these-san-gabriel-valley-retirees-worry-about-losing-their-homes

Editorial: Pension relief must start now (Ventura County Star)
http://www.vcstar.com/story/opinion/editorials/2017/03/18/editorial-pension-relief-must-start-now/99278264/

UC paper argues full pension funding not needed (Calpensions)
https://calpensions.com/2017/03/20/uc-paper-argues-full-pension-funding-not-needed/

Op-ed: CalPERS disaster affects state taxpayers (Fairfield Daily Republic)
http://www.dailyrepublic.com/opinion/localopinioncolumnists/calpers-disaster-affects-state-taxpayers/

Dick Spotswood: Marin Municipal Water District needs to detail pension costs (Marin Indepndent Journal)
http://www.marinij.com/opinion/20170318/dick-spotswood-marin-municipal-water-district-needs-to-detail-pension-costs

Editorial: Costa Mesa must mind its pensions (OC Register)
http://www.ocregister.com/articles/city-746856-new-costa.html

Port Hueneme prepared for pensions (Ventura County Star)
http://www.vcstar.com/story/opinion/columnists/2017/03/18/port-hueneme-prepared-pensions/99332514/

National Stories

Public Pension Funding: A Matter of Perspective?
http://www.asppa-net.org/News/Article/ArticleID/7444

March 16, 2017

California Stories

CalPERS cuts LA Works pensions: Who’s at fault? (Calpensions)
https://calpensions.com/2017/03/16/calpers-cuts-la-works-pensions-whos-at-fault/

Faced with deep cuts to their pensions, these California retirees are asking CalPERS for help (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article138546503.html#storylink=cpy

Grudgingly, CalPERS cuts pensions for 200 workers of defunct LA agency (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article138684338.html

Why CalPERS is pouring millions into a Southern California water deal (Sacramento Bee)
http://www.sacbee.com/news/state/california/water-and-drought/article138540373.html

Calpers Slashes Pensions for Retirees of Defunct Agency (Bloomberg)
https://www.bloomberg.com/news/articles/2017-03-15/calpers-moves-to-slash-pensions-for-retirees-of-defunct-agency

CalPERS cuts pension benefits for East San Gabriel Valley Human Services (Institutional Investor)
http://www.institutionalinvestor.com/article/3669787/investors-pensions/calpers-cuts-pension-benefits-for-east-san-gabriel-valley-human-services.html#.WMofCBIrL6Y

CA Public Sector Pensions Higher Than Private Sector Salaries (The American Interest)
http://www.the-american-interest.com/2017/03/14/ca-public-sector-pensions-higher-than-private-sector-salaries/

National Stories

Pension fund may soon be turned over to police, firefighters (NJ.com)
http://www.nj.com/politics/index.ssf/2017/03/nj_senate_passes_bill_turning_pension_fund_over_to.html

COPS, FIREFIGHTERS COULD PULL PENSIONS FROM NJ PUBLIC-EMPLOYEE SYSTEM (NJ Spotlight)
http://www.njspotlight.com/stories/17/03/14/cops-firefighters-could-pull-pensions-from-nj-public-employee-system/

Wisconsin public employee pensions to rise at least 2 percent (Wisconsin State Journal)
http://host.madison.com/wsj/business/wisconsin-public-employee-pensions-to-rise-at-least-percent/article_24ccdbb7-f1a3-5b9a-a7b5-28628664fe04.html

Unions back bill to curb ‘double-dipping’ (Seacoast Online)
http://www.seacoastonline.com/news/20170315/unions-back-bill-to-curb-double-dipping

Public Pensions and the Assets That Could Sustain Them (Governing)
http://www.governing.com/gov-institute/voices/col-public-pensions-transferred-assets-dedicated-funding.html

March 15, 2017

California Stories

Op-ed: Don’t hurt workers with pension crisis scare (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article138263458.html

A Progressive Take on Public Pensions (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/03/progressive-take-public-pensions/

California’s Pension Crisis Has Arrived (The American Interest)
http://www.the-american-interest.com/2017/03/14/californias-pension-crisis-has-arrived/

My Word: Why are we crippling our kids with our retirement? (East Bay Times)
http://www.eastbaytimes.com/2017/03/14/my-word-why-are-we-crippling-our-kids-with-our-retirement/

Pensions Pinch City Pocketbook (Laguna Beach Independent)
https://www.lagunabeachindy.com/pensions-pinch-city-pocketbook/

State’s retired public workers earn 26% more than private-sector workers still on the job (OC Breeze)
http://www.oc-breeze.com/2017/03/13/97844_states-retired-public-workers-earn-26-private-sector-workers-still-job/

National Stories

March 14, 2017

California Stories

Op-ed: Don’t hurt workers with pension crisis scare (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article138263458.html

Fresno County refinanced pension bonds to cut payments. It could cost them dearly (Fresno Bee)
http://www.fresnobee.com/news/local/article138211213.html#storylink=cpy

State’s retired public workers earn 26% more than private-sector workers still on the job (OC Breeze)
http://www.oc-breeze.com/2017/03/13/97844_states-retired-public-workers-earn-26-private-sector-workers-still-job/

Walnut Creek: City facing steep hike in pension costs (East Bay Times)
http://www.eastbaytimes.com/2017/03/13/walnut-creek-city-facing-steep-hike-in-pension-costs/

Pasadena’s Budget Dilemma: How We Got Here (Pasadena Now)
http://www.pasadenanow.com/main/pasadenas-budget-dilemma-how-we-got-here/#.WMeeGxIrL6Y

National Stories

How We Got Out of a 401(k) and Into a Real Pension (Truthout)
http://www.truth-out.org/opinion/item/39809-how-we-got-out-of-a-401-k-and-into-a-real-pension

March 10, 2017

California Stories

Chiang, others speak in support of Secure Choice retirement program (Pasadena Star News)
http://www.pasadenastarnews.com/business/20170308/chiang-others-speak-in-support-of-secure-choice-retirement-program

A Modest Proposal for California from a Public Servant (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/03/modest-proposal-california-public-servant/

Pension law tackles Ventura County weakness (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/pension-law-tackles-ventura-county-weakness/97911068/

Pension costs soar for Ventura County cities (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/pension-costs-soar-ventura-county-cities/98606436/

Four cities tackle growing pension costs (Ventura County Star)
http://www.vcstar.com/story/news/local/2017/03/09/four-cities-tackle-growing-pension-costs/98696146/

Ex-CHP chief snared in son’s escape from rape trial seeks disability pension (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article137571088.html#storylink=cpy

National Stories

We need a public sector pension overhaul (column) (York (Penn.) Daily Record)
http://www.ydr.com/story/opinion/columnists/2017/03/09/we-need-public-sector-pension-overhaul-column/98967012/