September 19, 2017

California Stories

LETTERS TO THE EDITOR Public employees should control CalPERS elections (Sacramento Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article174019756.html

Changes Could Be Coming for CalPERS Contributions Made by Pasadena Fire Management Association (Pasadena Now)
http://www.pasadenanow.com/main/changes-could-be-coming-for-calpers-contributions-made-by-pasadena-fire-management-association/#.WcCgydOGP6Y

National Stories

This Rauner pension stopgap doesn’t add up (Crain’s Chicago Business)
http://www.chicagobusiness.com/article/20170918/NEWS02/170919892/illinois-pension-savings-plan-details-a-mystery

Opinion: Gov. McMaster wrong about pension system (The Post and Courier)
http://www.postandcourier.com/opinion/commentary/gov-mcmaster-wrong-about-pension-system/article_c47a82d0-9ca1-11e7-a147-6f06c7d7ab37.html

Go slow on pension breakup (The State Journal (Kentucky)
http://www.state-journal.com/2017/09/18/go-slow-on-pension-breakup/

September 18, 2017

California Stories

Why shouldn’t we all get to vote in CalPERS election? (Sacramento Bee)
http://www.sacbee.com/opinion/opn-columns-blogs/foon-rhee/article173426476.html

Bumpy ride seen for CalPERS proposal (Pensions & Investments)
http://www.pionline.com/article/20170918/PRINT/170919845/bumpy-ride-seen-for-calpers-proposal

California leavin’: CalPERS cutting RE investment by 50% (The Real Deal)
https://therealdeal.com/2017/09/15/california-leavin-calpers-cutting-re-investment-by-50/

National Stories

Governor’s damaging plan (The Times & Democrat (S.C.)
http://thetandd.com/opinion/columnist/governor-s-damaging-plan/article_e68ad98b-cee0-5cba-81d3-1eef79154192.html

Schafer: Teachers pension plan officials cry foul over report that used its numbers (Minneapolis Star Tribune)
http://www.startribune.com/lee-schafer-teachers-pension-plan-officials-cry-foul-over-report-that-used-its-numbers/444762773/

Retirements Spike Among Kentucky’s Public Employees Amid Proposed Pension Changes (Western Kentucky NPR)
http://wkyufm.org/post/retirements-spike-among-kentuckys-public-employees-amid-proposed-pension-changes#stream/0

Kentucky pension crisis: Are 401(k) plans the solution? (Courier-Journal)
http://www.courier-journal.com/story/news/politics/2017/09/15/kentucky-pension-crisis-401-k-plans-solution/626423001/

Franklin County sits out movement calling for independently administered county employee pension system (The State Journal)
http://www.state-journal.com/2017/09/15/franklin-county-sits-out-movement-calling-for-independently-administered-county-employee-pension-system/

EDITORIAL: Panic? Dissension? Look in mirror on pensions, taxes, Governor Bevin (Lexington Herald-Leader)
http://www.kentucky.com/opinion/editorials/article173611966.html

September 15, 2017

California Stories

Commentary | Why full funding of pensions is a waste of money (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-utbg-public-pensions-funding-20170914-story.html

 

CalPERS election is crucial, but most of us can’t vote (Sacramento Bee)
http://www.sacbee.com/opinion/opn-columns-blogs/foon-rhee/article173426476.html

 

In CalPERS race, unions dig up candidate’s Wall Street past (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article173434041.html

 

National Stories

Missouri treasurer says pensions underfunded by $5 billion (AP)
http://www.heraldcourier.com/news/missouri-treasurer-says-pensions-underfunded-by-billion/article_54a1d836-a879-5313-9b78-d2df13ed74f8.html

 

Kentucky pension crisis: Retirees ask board to protect their benefits (Courier Journal)
http://www.courier-journal.com/story/news/politics/2017/09/14/kentucky-pension-crisis-retirees-ask-board-protect-their-benefits/661009001/

 

Pension Spiking Costs Taxpayers Millions — Now The Push Is On To Stop It (Honolulu Civil Beat)
http://www.civilbeat.org/2017/09/pension-spiking-costs-taxpayers-millions-now-the-push-is-on-to-stop-it/

September 14, 2017

California Stories

Public workers from two more towns expected to lose CalPERS pensions (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article172960601.html

Letters to the Editor, Sept. 14, 2017: Taxpayers on the hook for DACA, homeless services, public pensions (Monterey Herald)
http://www.montereyherald.com/opinion/20170913/letters-to-the-editor-sept-14-2017-taxpayers-on-the-hook-for-daca-homeless-services-public-pensions

University of California endowment tops benchmark with 15.1% return (Pensions & Investments)
http://www.pionline.com/article/20170913/ONLINE/170919951/university-of-california-endowment-tops-benchmark-with-148-return

National Stories

OPINION The pension gap, and how Blue State liberals are preparing a raid on your wallet (Washington Examiner)
http://www.washingtonexaminer.com/the-pension-gap-and-how-blue-state-liberals-are-preparing-a-raid-on-your-wallet/article/2634299

Missouri treasurer says pensions underfunded by $5 billion (AP)
http://www.miamiherald.com/news/business/article173055031.html

Missouri’s $4 billion pension crisis is ‘at our doorstep’ (St. Louis Press-Dispatch)
http://www.stltoday.com/news/local/govt-and-politics/missouri-s-billion-pension-crisis-is-at-our-doorstep/article_f161fd74-9fa0-55e0-87c6-634e13ee4a71.html

New report on state pension plan shows continued struggles, state treasurer says (Springfield News-Leader)
http://www.news-leader.com/story/news/politics/2017/09/13/missouri-state-employees-retirement-plan-now-only-60-funded-mosers-public-penson-reform/661308001/

Missouri state pension system fails to meet funding estimates by $5.2 billion (Missouri Net)
http://www.missourinet.com/2017/09/13/missouri-state-pension-system-fails-to-meet-funding-estimates-by-5-2-billion/

Missouri State Pension System Fails to Meet Funding Estimates by $5.2 Billion (Ozarks First)
http://www.ozarksfirst.com/news/missouri-state-pension-system-fails-to-meet-funding-estimates-by-52-billion/810590001

Connecticut state employees arrested in Whiting investigation still being paid, still eligible for pensions (Yankee Institute)
http://www.yankeeinstitute.org/2017/09/connecticut-state-employees-arrested-in-whiting-investigation-still-being-paid-still-eligible-for-pensions/

September 13, 2017

California Stories

Public workers from two more towns expected to lose CalPERS pensions (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article172960601.html

Sonoma County supervisors appoint pension reform panel (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/news/7413449-181/sonoma-county-supervisors-appoint-pension

S.F. employee pension fund under pressure to unload fossil fuel stocks (San Francisco Chronicle)
http://www.sfchronicle.com/bayarea/article/S-F-employee-pension-fund-under-pressure-to-12189705.php

 

National Stories

Pensions Leaving Workers Behind By Focusing On Messaging, Politics (Investor’s Business Daily)
http://www.investors.com/politics/commentary/pensions-leaving-workers-behind-by-focusing-on-messaging-politics/

They’re called Save Our Pensions. Here’s why many Kentucky retirees don’t trust them. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article172850171.html

EDITORIALS Local government pensions need a cost-of-living boost (Charlotte News Observer)
http://www.newsobserver.com/opinion/editorials/article172958936.html

Suzanne Bates: Union concessions deal makes long-term budget problems worse (Albany News Times)
http://www.newstimes.com/opinion/article/Suzanne-Bates-Union-concessions-deal-makes-12192481.php

Local governments, schools would be hit hard by pension hike (Bowling Green Daily News)
http://www.bgdailynews.com/news/local-governments-schools-would-be-hit-hard-by-pension-hike/article_0068e151-1406-58e0-b53b-6c03a6b107b6.html

Analyst: Tax, public pension changes still on the legislative table (Portland Tribune)
http://pamplinmedia.com/pt/9-news/372015-255937-analyst-tax-public-pension-changes-still-on-the-legislative-table-

GUEST VIEW: America’s government pension pain (Odessa Online)
http://www.oaoa.com/editorial/columns/guest_columns/article_460e02ca-97cc-11e7-af5a-7fdf5d2e8883.html

September 12, 2017

California Stories

CalSTRS ahead of schedule on funding new risk mitigation portfolio (Pensions & Investments)
http://www.pionline.com/article/20170911/ONLINE/170919990/calstrs-ahead-of-schedule-on-funding-new-risk-mitigation-portfolio

Petaluma City Council faces big issues during busy fall (Petaluma Argus Courier)
http://www.petaluma360.com/news/7390510-181/petaluma-city-council-returns-for

Letter: Metro Fire (Sacramento Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article172627606.html

National Stories

DOUBEK: New Illinois laws take aim at pension excesses (Chicago Sun-Times)
http://chicago.suntimes.com/columnists/doubek-new-illinois-laws-take-aim-at-pension-excesses/

Reject 401(k) plans and Dr. Donald Miller worth more | Letters (Courier Journal)
http://www.courier-journal.com/story/opinion/readers/2017/09/11/kentucky-pension-crisis-401-k-plans-donald-miller-worth-more/653654001/

September 11, 2017

California Stories

OPINION: Democratic governor hopefuls genuflect to unions (Riverside Press Enterprise)
http://www.pe.com/2017/09/08/democratic-governor-hopefuls-genuflect-to-union-sal-rodriguez/

San Diego putting off pain from new pension debt (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-changes-20170908-story.html

Unions have spent more than $100K to elect two men to California pension board (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article171670707.html

Fewer charter schools choosing CalSTRS pensions (Calpensions)
https://calpensions.com/2017/09/11/fewer-charter-schools-choosing-calstrs-pensions/

CalPERS said to mull outsourcing its private equity investments (Institutional Investor)
http://www.institutionalinvestor.com/article/3749950/investors-pensions/calpers-said-to-mull-outsourcing-its-private-equity-investments.html#.WbX7J9PyvVo

 

National Stories

So, you hate unions because … (Daily Kos)
https://www.dailykos.com/stories/2017/9/10/1696636/-So-you-hate-unions-because

Can New Perks Make Up for Smaller Pensions? (Governing)
http://www.governing.com/columns/smart-mgmt/gov-public-sector-benefits-pension.html

How healthy are Minnesota’s pensions? Depends on where you look (Twin Cities Pioneer Press)
http://www.twincities.com/2017/09/08/how-healthy-are-minnesotas-pensions-depends-on-where-you-look/

Editorial: State pension crisis getting worse by the day (The Morehouse News (Ken.)
http://www.themoreheadnews.com/opinion/editorials/editorial-state-pension-crisis-getting-worse-by-the-day/article_4dc35cd2-949c-11e7-871c-ff771b88e3a2.html

Frank talks needed on pensions (The State Journal (Ken.)
http://www.state-journal.com/2017/09/08/frank-talks-needed-on-pensions/

Local governments to pay more into pension system (Richmond Register (Ken.)
http://www.richmondregister.com/news/local-governments-to-pay-more-into-pension-system/article_993dbc1e-94ee-11e7-8110-372bd699c27a.html

Editorial: R.I. taxpayers under attack (Providence Journal)
http://www.providencejournal.com/opinion/20170909/editorial-ri-taxpayers-under-attack

September 8, 2017

California Stories

Largest US pension fund CalPERS in talks with BlackRock to outsource buyout business, source says (Reuters)
https://www.cnbc.com/2017/09/07/largest-us-pension-fund-calpers-in-talks-with-blackrock-to-outsource-buyout-business.html

BlackRock Is in Talks for Calpers’s Buyout Business (Bloomberg)
https://www.bloomberg.com/news/articles/2017-09-07/blackrock-is-said-to-be-in-talks-for-calpers-s-buyout-business

National Stories

Dear Pensions and Endowments: Do Unto Wall Street as We Do to Ourselves (Institutional Investor)
http://www.institutionalinvestor.com/blogarticle/3749410/dear-pensions-and-endowments-do-unto-wall-street-as-we-do-to-ourselves/investors-endowments-and-foundations.html#.WbIbI9PyvVo

PUBLIC-EMPLOYEE RETIREMENTS SURGE OVER FEAR OF PENSION COLLAPSE (WND)
http://www.wnd.com/2017/09/public-employee-retirements-surge-over-fear-of-pension-collapse/

U.S. Has Largest Share of Pension Assets Globally (Plan Sponsor)
https://www.plansponsor.com/u-s-largest-share-pension-assets-globally/

‘No more pretending.’ Kentucky issues dire warning on pensions to local governments (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article171791272.html

As anxiety grows over pensions, Louisville and JCPS brace for ‘mass exodus’ of retirees (Courier Journal)
http://www.courier-journal.com/story/news/local/2017/09/07/kentucky-pension-crisis-jcps-retirements-louisville/622164001/

Legislators vow to keep state pensions afloat (Commonwealth Journal)
http://www.somerset-kentucky.com/news/legislators-vow-to-keep-state-pensions-afloat/article_4f4aa96e-934f-11e7-8e03-3fe585723901.html

September 7, 2017

California Stories

Commentary | Court ruling on tax increases benefits labor unions (SD Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-utbg-tax-increases-unions-20170906-story.html

CalSTRS’ CIO Chris Ailman to Receive Lifetime Achievement Award (Institutional Investor)
http://www.institutionalinvestor.com/article/3749059/investors-pensions/calstrs-cio-chris-ailman-to-receive-lifetime-achievement-award.html#.WbFB1NPyvVo

National Stories

Public funds see major gains after frustrating years frustration (Pensions & Investments)
https://home.pionline.com/clickshare/authenticateUserSubscription.do?CSProduct=pionline-sub&CSAuthReq=1:47365205329698:AID:2BA602ABFA0A1E50CDEF3C393E1ABC9A&AID=/20170904/PRINT/170909961&title=Public%20funds%20see%20major%20gains%20after%20frustrating%20years&CSTargetURL=http://www.pionline.com/article/20170904/PRINT/170909961/public-funds-see-major-gains-after-frustrating-years

September retirements surge as Kentucky lawmakers consider pension overhaul (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article171567482.html

Lawmakers not considering proposal to repeal cost-of-living adjustments for retirees (Kentucky Today)
http://kentuckytoday.com/stories/lawmakers-not-considering-proposal-to-repeal-cost-of-living-adjustments-for-retirees,8937

U.S. Has Largest Share of Pension Assets Globally (Plan Sponsor)
https://www.plansponsor.com/u-s-largest-share-pension-assets-globally/

Ascension settles lawsuit over pension plan exemption (St. Louis Business Journal)
https://www.bizjournals.com/stlouis/news/2017/09/07/ascension-settles-lawsuit-over-pension-plan.html

September 6, 2017

California Stories

Editorial: The price of ignoring pension problem (Chico Enterprise Record)
http://www.marinij.com/article/NO/20170904/LOCAL1/170909959

City Council, Pasadena Unified Face Budget and Election Issues as Summer Wanes (Pasadena Now)
http://www.pasadenanow.com/main/city-council-pasadena-unified-face-budget-and-election-issues-as-summer-wanes/#.Wa-J29PyvVo

National Stories

Baltimore County Council scales back pension benefit (Baltimore Sun)
http://www.baltimoresun.com/news/maryland/baltimore-county/bs-md-co-pension-bill-vote-20170905-story.html

Seventeen days from MLB pension (Post and Courier)
http://www.postandcourier.com/opinion/commentary/seventeen-days-from-mlb-pension/article_6f19e27c-8e87-11e7-b35b-cfeb49967f15.html

Baby step on public pensions (The News Gazette)
http://www.news-gazette.com/opinion/editorials/2017-09-04/baby-step-public-pensions.html

Bitter pension rhetoric solves nothing (Bowling Green Daily News)
http://www.bgdailynews.com/opinion/commentary/bitter-pension-rhetoric-solves-nothing/article_e8db654b-e6cc-5f6a-a256-81c8a9e7e3d0.html

September 5, 2017

California Stories

A pension represents a lifetime of hard work (Ventura County Reporter)
https://www.vcreporter.com/2017/08/a-pension-represents-a-lifetime-of-hard-work/

This suburban Sacramento agency has state’s highest rate of six-figure pensioners (Sac Bee)
http://www.sacbee.com/news/investigations/the-public-eye/article170605217.html

Public employee unions get too much, want more: Sal Rodriguez (Riverside Press Enterprise)
http://www.pe.com/2017/09/01/public-employee-unions-get-too-much-want-more-sal-rodriguez/

Sewer-fee bill could leave us up to our necks in tax hikes: Susan Shelley (Pasadena Star-News)
http://www.pasadenastarnews.com/opinion/20170901/sewer-fee-bill-could-leave-us-up-to-our-necks-in-tax-hikes-susan-shelley

Walters: California unions on a political roll, but see threats on horizon (CalMatters)

http://www.fresnobee.com/news/politics-government/politics-columns-blogs/political-notebook/article171066757.html

Port Hueneme eyes options for ballooning retirement costs (Ventura County Star)

http://www.vcstar.com/story/news/local/communities/port-hueneme/2017/09/03/port-hueneme-eyes-options-ballooning-pension-retirement-costs/626394001/

National Stories

Public servants brace for impact as Trump looks for budget cuts (The Hill)
http://thehill.com/blogs/pundits-blog/economy-budget/348882-public-servants-brace-for-impact-as-trump-looks-for-budget

Kentucky isn’t the only state with a pension crisis. Here’s how others coped. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article170760197.html

State employee’s view: 401(k)s not as good as pensions for public employees (Duluth News Tribune)
http://www.duluthnewstribune.com/opinion/4322145-state-employees-view-401ks-not-good-pensions-public-employees

September 1, 2017

California Stories

This suburban Sacramento agency has state’s highest rate of six-figure pensioners (Sac Bee)
http://www.sacbee.com/news/investigations/the-public-eye/article170605217.html

National Stories

Springport town clerk pleads guilty to padding hours to boost state pension (NY Upstate)
http://www.newyorkupstate.com/news/2017/08/springport_town_clerk_pleads_guilty_to_padding_hours_to_boost_state_pension.html

Pension contributions are dropping due to good returns (Albany Times Union)
http://www.timesunion.com/news/article/Pension-contributions-are-dropping-due-to-good-12164680.php

OPINION Running a government is not the same as running a business (Crain’s Chicago Business)
http://www.chicagobusiness.com/article/20170831/OPINION/170839982/how-government-differs-from-business-john-rowe-former-exelon-ceo

Price of contentious pension study doubles in 10 months. It’s now over $1.1 million. (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article170419437.html

GUEST OPINION: Workers did right by state — now do the same for them (The State Journal (Ken.)
http://www.state-journal.com/2017/08/31/guest-opinion-workers-did-right-by-state-now-do-the-same-for-them/

Right On: Public employee unions are enemies of the state (St George News)
https://www.stgeorgeutah.com/news/archive/2017/08/31/right-on-public-employee-unions-are-enemies-of-the-state/#.Wajn7dPyvVo

New math deals Minnesota’s pensions the biggest hit in the U.S. (Employee Benefit Adviser)
https://www.employeebenefitadviser.com/articles/new-math-deals-minnesotas-pensions-the-biggest-hit-in-the-us

August 31, 2017

California Stories

Benefits cost: Santa Maria high school district projects cost of retirement will rise by nearly $1 million each year (Santa Maria Sun)
http://www.santamariasun.com/news/16498/benefits-cost-santa-maria-high-school-district-projects-cost-of-retirement-will-rise-by-nearly-1-million-each-year/

Kern supervisors approve nearly $800 million budget despite pension ‘cancer’ (Bakersfield Now)
http://bakersfieldnow.com/news/local/supervisors-approve-nearly-800-million-budget-despite-pensions-cancer

National Stories

SC workers vs. taxpayers: Who should pay for public employees’ retirement? (The State)
http://www.thestate.com/news/politics-government/article170106252.html

South Carolina Gov. Henry McMaster proposes 401(k) plus more changes to state retirement system (The Post and Courier)
http://www.postandcourier.com/news/south-carolina-gov-henry-mcmaster-proposes-k-plus-more-changes/article_14750e6c-8cb3-11e7-9dd2-5bef19d52508.html

South Carolina Lawmakers Contemplating Additional Pension Reforms (Chief Investment Officer)
https://www.ai-cio.com/news/south-carolina-lawmakers-contemplating-additional-pension-reforms/

Column: Making workers pay for politicians’ mistakes isn’t the only way to fix pensions (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article170170862.html

7 controversial recommendations to solve Kentucky’s pension crisis (Courier Journal)
http://www.courier-journal.com/story/news/politics/2017/08/29/kentucky-pension-crisis-7-controversial-recommendations-pfm-consulting/611283001/

August 30, 2017

California Stories

Letters: CalPERS administers pensions, but cities set the terms (East Bay Times)
http://www.eastbaytimes.com/2017/08/29/letters-calpers-administers-pensions-but-cities-set-the-terms/

Deputies’ pension and pay deals driving Southern California ‘contract’ cities to brink (R Street)
http://www.rstreet.org/op-ed/deputies-pension-and-pay-deals-driving-southern-california-contract-cities-to-brink/

Letter: Higher property taxes? (Daily Breeze)
http://www.dailybreeze.com/opinion/20170829/refinery-safety-doesnt-have-to-raise-gas-prices-letters

National Stories

Oregon task force brainstorms ways to lessen PERS pension deficit (Statesman Journal)
http://www.statesmanjournal.com/story/news/politics/2017/08/29/oregon-task-force-brainstorms-ways-lessen-pers-pension-deficit/613742001/

Proposals To Cut State Pension Deficit Could Cost Oregonians (Jefferson Public Radio)
http://ijpr.org/post/proposals-cut-state-pension-deficit-could-cost-oregonians#stream/0

Threatened SC pension plan one of few perks for underpaid state workers, advocate says (The State)
http://www.thestate.com/news/politics-government/article169995212.html

Should SC end its pension? Gov. McMaster wants 401(k) retirement system for SC workers (The State)
http://www.thestate.com/news/politics-government/article169934417.html

South Carolina Gov. Henry McMaster proposes 401(k) plus more changes to state retirement system (The Post and Courier)
http://www.postandcourier.com/news/pension-committee-meets-to-discuss-public-employee-retirement-gov-mcmaster/article_14750e6c-8cb3-11e7-9dd2-5bef19d52508.html

Lawmakers tell employee groups more pension changes coming (AP)
http://www.lmtonline.com/news/article/Governor-again-asks-legislators-to-move-new-12153912.php

Baltimore County Council set to vote on bill to end pension ‘double-dipping’ (Baltimore Sun)
http://www.baltimoresun.com/news/maryland/baltimore-county/bs-md-co-pension-hearing-20170829-story.html

Analysis: Pressure Rises on Pension Fund to Seek More Money (Jackson Free Press)
http://www.jacksonfreepress.com/news/2017/aug/29/analysis-pressure-rises-pension-fund-seek-more-mon/

State pension fund’s future is still uncertain (Mississippi News Now)
http://www.msnewsnow.com/story/36245983/state-pension-funds-future-is-still-uncertain

The Democrats’ War on First Responder Services (American Thinker)
http://www.americanthinker.com/articles/2017/08/the_democrats_war_on_first_responder_services.html

August 29, 2017

California Stories

Pension woes cloud small fire district (Capitol Weekly)
http://capitolweekly.net/pension-woes-cloud-fire-district/

Politicians can’t keep ignoring pension problem (Chico Enterprise Record)
http://www.chicoer.com/opinion/20170828/politicians-cant-keep-ignoring-pension-problem

Council Approves Pension Rate Stabilization Program (Pasadena Now)
http://www.pasadenanow.com/main/council-approves-pension-rate-stabilization-program/#.WaV74tPyvVo

Citizen’s Group Reviewing Santa Monica City Hall Compensation Holds First Session (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/August-2017/08_28_2017_Citizens_Group_Reviewing_Santa_Monica_City_Hall_Compensation_Holds_First_Session%20.html

 

National Stories

How can Kentucky fix its pension crisis? Report to be released Monday could offer clues (Courier-Journal)
http://www.courier-journal.com/story/news/2017/08/28/kentucky-pension-crisis-report-released-monday/544633001/

Kentucky pension consultant says to freeze benefits, move workers to 401(k)-style plans (WDRB)
http://www.wdrb.com/story/36235241/kentucky-pension-consultant-says-to-freeze-benefits-move-workers-to-401k-style-plans

Report: Extra billion needed to fund Kentucky’s public pension system (WKYT)
http://www.wkyt.com/content/news/Report-Extra-billion-needed-to-fund-Kentuckys-public-pension-system-442022683.html

Report details radical public pension changes in Kentucky (Hi-Tech Facts)
http://hitechfacts.com/2017/08/report-details-radical-public-pension-changes-in-kentucky/

Caboni: Pensions Have Real Implications for Universities (Western Kentucky Public Radio)
http://wkyufm.org/post/caboni-pensions-have-real-implications-universities#stream/0

Proposals To Cut State Pension Deficit Could Cost Oregonians (Oregon Public Broadcasting)
http://www.opb.org/news/article/kate-brown-oregon-pension-deficit/

RI Hospital Pension Seeks OK for 40 Percent Benefit Cuts (Bloomberg BNA)
https://www.bna.com/ri-hospital-pension-n73014463719/

Texas public pension funds deal with Hurricane Harvey aftermath (Pensions & Investments)
http://www.pionline.com/article/20170828/ONLINE/170829869/texas-public-pension-funds-deal-with-hurricane-harvey-aftermath

Workers Save More for Retirement When Employers Tell Them to, Study Says (Fox Business)
http://www.foxbusiness.com/features/2017/08/29/workers-save-more-for-retirement-when-employers-tell-them-to-study-says.html

Pension plans as shareholders (Benefits Pro)
http://www.benefitspro.com/2017/08/28/pension-plans-as-shareholders

Board sues Puerto Rico governor for rejecting furloughs (AP)
http://www.sacbee.com/news/business/article169799332.html

August 28, 2017

California Stories

Editorial: Big public pensions keep piling up (LA Daily News)
http://www.dailynews.com/opinion/20170825/big-public-pensions-keep-piling-up

OPINION Raising property taxes for public pensions (OC Register)
http://www.ocregister.com/2017/08/26/raising-property-taxes-for-public-pensions/

Letter: A costly, bad ending ahead? (Desert Sun)
http://www.desertsun.com/story/opinion/readers/2017/08/25/desert-sun-letter-costly-bad-ending-ahead/602415001/

Sacramento fire districts: big pension, no pension (Calpensions)
https://calpensions.com/2017/08/28/sacramento-fire-districts-big-pension-no-pension/

Redding looks to unions to help avert budget deficit but furloughs, layoffs off the table (Redding Record Searchlight)
http://www.redding.com/story/news/local/2017/08/25/redding-looks-unions-help-avert-budget-deficit-but-furloughs-layoffs-off-table/541615001/

Editorial: Escondido’s brutal library power play: Not a good look for mayor, city manager (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-escondido-libary-privatization-20170825-story.html

Allen Ostrofe: Gen X’ers, Millenials, Boomers biggest obstacle to retirement … you! (The Union)
http://www.theunion.com/news/business/allen-ostrofe-gen-xers-millenials-boomers-biggest-obstacle-to-retirement-you/

National Stories

Given a Choice, Public Sector Employees Choose DB Over DC (Plan Sponsor)
https://www.plansponsor.com/given-a-choice-public-sector-employees-choose-db-over-dc/

Overcoming Economic Downturns and Fiscal Distress Part IV: The Need to Successfully Address Public Pensions (MuniNet)
http://muninetguide.com/legacy-costs-pension-reform/

Torpy at Large: Fat-cat state pensions distort rank and file’s reality (Atlanta Constitution Journal)
http://www.myajc.com/news/local/torpy-large-fat-cat-state-pensions-distort-rank-and-file-reality/YhamtR2Yslwqg0nzVLRJSL/

N.J. lottery market changes, but lowered expectations remain (North Jersey)
http://www.northjersey.com/story/news/watchdog/2017/08/25/nj-lottery-market-changes-but-lowered-expectations-remain/601608001/

Secret Service investigating breach of NH pensioners’ accounts (Seacoast Online)
http://www.seacoastonline.com/news/20170825/secret-service-investigating-breach-of-nh-pensioners-accounts

Pressure rises on Mississippi public pension fund to seek more money (The Clarion-Ledger)
http://www.clarionledger.com/story/news/politics/2017/08/27/pressure-rises-mississippi-public-pension-fund-seek-more-money/605724001/

August 24, 2017

California Stories

Republican John Cox takes shot at governor’s race, political corruption (Bakersfield Californian)
http://www.bakersfield.com/news/republican-john-cox-takes-shot-at-governor-s-race-political/article_9ecf32ca-8855-11e7-b954-2b2291b51872.html

CalPERS Champions Board Diversity Campaign Across 500+ US Companies (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-champions-board-diversity-campaign-across-500-us-companies/

 

National Stories

Given a Choice, Public Sector Employees Choose DB Over DC (Plan Sponsor)
http://www.plansponsor.com/Given-a-Choice-Public-Sector-Employees-Choose-DB-Over-DC/

Shock (Not)! Public Employees Like Pensions (401k Specialist)
https://401kspecialistmag.com/shock-not-public-employees-like-pensions/

Public Sector Employees Prefer DB Plans to 401(k)s (Plan Adviser)
http://planadviser.com/Public-Sector-Employees-Prefer-DB-Plans-to-401ks/

Jim Dey: With pension system on brink, there will be hurt (The News-Gazette (Ill.)
http://www.news-gazette.com/news/local/2017-08-24/jim-dey-pension-system-brink-there-will-be-hurt.html

Report: Illinois teacher pension structure exacerbates gap between rich, poor schools (St. Louis Public Radio)
http://news.stlpublicradio.org/post/report-illinois-teacher-pension-structure-exacerbates-gap-between-rich-poor-schools#stream/0

Texas state workers fear fallout from changing math on pensions (Killeen Daily Herald)
http://kdhnews.com/news/texas/texas-state-workers-fear-fallout-from-changing-math-on-pensions/article_f57f573e-8824-11e7-8ddf-27846a27a858.html

New Mexico Public Employees returns 11.13% for fiscal year, below benchmark (Pensions & Investments)
http://www.pionline.com/article/20170823/ONLINE/170829922/new-mexico-public-employees-returns-1113-for-fiscal-year-below-benchmark

Iowa Public Employees posts 11.7% return for fiscal year, topping benchmark (Pensions & Investments)
http://www.pionline.com/article/20170823/ONLINE/170829931/iowa-public-employees-posts-117-return-for-fiscal-year-topping-benchmark

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

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

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/