May 25, 2018

California Stories

Faulconer, other officials back pension overhaul initiative (City News Service)
http://www.cbs8.com/story/38273135/faulconer-other-officials-back-pension-overhaul-initiative

City Defends Prop B Pension Reform Ahead of Supreme Court Hearing (Times of San Diego)
https://timesofsandiego.com/politics/2018/05/24/fcity-defends-prop-b-pension-reform-ahead-of-supreme-court-hearing/

City moves to control public employee costs (Santa Monica Daily Press)
http://smdp.com/city-moves-to-control-public-employee-costs/166385

Government employee pensions: Sonoma’s ticking time bomb (Sonoma Valley Sun)
http://sonomasun.com/2018/05/25/%E2%80%A8government-employee-pensions-sonomas-ticking-time-bomb/

Rising pension costs looming for Watsonville (Register Pajaronian)
https://register-pajaronian.com/article/rising-pension-costs-looming-for-watsonville

National Stories

Study: Some Public Pensions Funds Could Run Dry in Downturn (AP)

https://www.usnews.com/news/business/articles/2018-05-24/study-some-public-pensions-funds-could-run-dry-in-downturn

Op-ed: Which will be the US ‘Italy’? California, New Jersey or Illinois? (Financial Times)
https://www.ft.com/content/0391fa42-5f35-11e8-9334-2218e7146b04

Will Teacher Uprisings Change Democrats? (Common Dreams)
https://www.commondreams.org/views/2018/05/24/will-teacher-uprisings-change-democrats

May 24, 2018

California Stories

Dan Walters: CalPERS’ new investment plan – wise or risky?
https://calmatters.org/articles/commentary/calpers-new-investment-plan-wise-or-risky/

CalPERS sets questionable private equity course (Axios)
https://www.axios.com/calpers-sets-questionable-co-1527003630-08a040a1-0ec7-4623-a6e1-dc02b68c515d.html

No red ink here: San Dimas looks to slightly grow its reserves with 2018-19 budget (Daily Bulletin)
https://www.dailybulletin.com/2018/05/23/no-red-ink-here-san-dimas-looks-to-slightly-grow-its-reserves-with-2018-19-budget/

National Stories

Mass. Pension Fund Tops List of Private Equity Earners (Chief Investment Officer)
https://www.ai-cio.com/news/mass-pension-fund-tops-list-private-equity-earners/

Kentucky Math Teacher, Riding Wave of Public Anger, Defeats State House Majority Leader (New York Times)
https://www.nytimes.com/2018/05/23/us/politics/travis-brenda-kentucky-teacher.html

May 23, 2018

California Stories

Joel Fox: State Won’t Ride to the Rescue over Local Government Pension Problems (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/05/state-wont-ride-rescue-local-government-pension-problems/

Wishful Thinking Is Now Way to Address Public Pension Shortfalls (Competitive Enterprise Institute)
https://cei.org/blog/wishful-thinking-now-way-address-public-pension-shortfalls

California school spending grows at fastest pace in the U.S. (SoCal News Group)
http://www.dailydemocrat.com/article/NI/20180522/NEWS/180529951

New Report Finds Santa Monica City Government Might Require “Painful” Fiscal Changes (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/May-2018/05_22_2018_New_Report_Finds

Calpers CFO Becomes Latest Official to Exit Largest U.S. Public Pension (Wall Street Journal)
https://www.wsj.com/articles/calpers-cfo-becomes-latest-official-to-exit-largest-u-s-public-pension-1527018374

National Stories

‘I Didn’t Really Have a Choice.’ Meet the Teachers Quitting Their Jobs Due to Low Pay and Dwindling Benefits (Time)
http://time.com/money/longform/teacher-pay/

The Plight of Teacher Salaries Is Traceable to a Few Key Developments (Real Clear Markets)
https://www.realclearmarkets.com/articles/2018/05/23/the_plight_of_teacher_salaries_is_traceable_to_a_few_key_developments_103272.html

The Tragedy of America’s Public Pension Tsunami (The Western Journal)
https://www.westernjournal.com/the-tragedy-of-americas-public-pension-tsunami/

Report: Public Pensions Boost Government Revenues (Chief Investment Officer)
https://www.ai-cio.com/news/report-public-pensions-boost-government-revenues/

IS NEW JERSEY’S GAS TAX ABOUT TO BE PUMPED UP? (NJ Spotlight)
http://www.njspotlight.com/stories/18/05/22/is-new-jersey-s-gas-tax-about-to-be-pumped-up/

May 22, 2018

California Stories

On his way out, Gov. Jerry Brown offers prison guards a big raise (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article211594789.html

After questions raised about CalPERS CFO’s background and experience, he’s ‘no longer with’ the pension fund (LA Times)
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-asubonten-20180521-story.html

Pension fund’s CFO ‘no longer works’ for CalPERS after hiring review (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article211610184.html

National Stories

Op-Ed: The tragedy of America’s public pension tsunami (Watchdog)
https://www.watchdog.org/national/op-ed-the-tragedy-of-america-s-public-pension-tsunami/article_d11ef68e-5cfd-11e8-b6c7-3fc31b93c28e.html

Report: Public Pensions Boost Government Revenues (Chief Investment Officer)
https://www.ai-cio.com/news/report-public-pensions-boost-government-revenues/

Credit ratings agencies sound alarm over local pension debt in Illinois (Illinois News Network)
https://www.ilnews.org/news/economy/credit-ratings-agencies-sound-alarm-over-local-pension-debt-in/article_77dcba04-5abc-11e8-b6ad-53562b3d471c.html

More hedge funds to renegotiate fees with University of Texas endowment (Pensions & Investments)
http://www.pionline.com/article/20180521/ONLINE/180529989/more-hedge-funds-to-renegotiate-fees-with-university-of-texas-endowment

NJ lawmakers facing tough choices on state budget (Burlington County Times)
http://www.burlingtoncountytimes.com/news/20180521/nj-lawmakers-facing-tough-choices-on-state-budget

Puerto Rico, oversight board reach deal on fiscal plan (Reuters)
https://www.nasdaq.com/article/puerto-rico-oversight-board-reach-deal-on-fiscal-plan-20180521-00512

May 21, 2018

California Stories

David Crane: The ‘Big Three’ killing California’s public services (San Jose Mercury News)
https://www.mercurynews.com/2018/05/18/opinion-the-big-three-killing-californias-public-services/

Editorial: Betty Yee the only qualified option for state controller (San Jose Mercury News)
https://www.mercurynews.com/2018/05/18/editorial-betty-yee-the-only-qualified-option-for-state-controller/

CalPERS Is Ready to Do Its Own Private Equity Deals (Institutional Investor)
https://www.institutionalinvestor.com/article/b18828nj4m3mvs/calpers-is-ready-to-do-its-own-private-equity-deals

CalPERS to create direct private equity arm (IPE)
https://www.ipe.com/news/calpers-to-create-direct-private-equity-arm/10024780.article

National Stories

Session delivers bills on transportation, pension reform (Colorado Community Media)
http://arvadapress.com/stories/colorado-legislature-general-assembly-session-transportation-pension-reform-pera-affordable-housing-opioid,262294

Legislative session comes to crashing finish (Minnesota Public Radio)
https://blogs.mprnews.org/capitol-view/2018/05/final-day-means-final-maneuvering-at-capitol/

Trez Hopeful: Pensions Need Lotto Fix (New Haven Independent)
http://www.newhavenindependent.org/index.php/archives/entry/arunan_arulamampalam/id_104546

Connecticut labeled “untruthful” for hiding $10 billion in retiree healthcare costs (Yankee Institute)
http://www.yankeeinstitute.org/2018/05/connecticut-labeled-untruthful-for-hiding-10-billion-in-retiree-healthcare-costs/

Reputation of hedge funds is hacked back hard (Financial Times)
https://www.ft.com/content/3fa1898e-59eb-11e8-bdb7-f6677d2e1ce8

May 18, 2018

California Stories

Is S.F.’s public payroll out of control, and will taxpayers stick around to foot the bill? (San Francisco Business Times)
https://www.bizjournals.com/sanfrancisco/news/2018/05/17/san-francisco-public-pay-pensions-municipal-bonds.html

Life post CalPERS: CIO Eliopoulos envisions private-sector career (Pensions & Investments)
http://www.pionline.com/article/20180517/ONLINE/180519841/life-post-calpers-cio-eliopoulos-envisions-private-sector-career

CalPERS to build $13 bln in-house private equity funds (Nasdaq)
https://www.nasdaq.com/article/calpers-to-build-13-bln-inhouse-private-equity-funds-20180517-01370

Calpers Launching Startup and Long-Term Private Equity Funds (Bloomberg)
https://www.bloomberg.com/news/articles/2018-05-17/calpers-launching-startup-and-long-term-private-equity-funds

Calpers Considers Following Buffett’s Way (Wall Street Journal)
https://www.wsj.com/articles/calpers-eyes-direct-investments-in-private-equity-1526575705

CalPERS eyes creating corporate structure for direct private equity investing (Pensions & Investments)
http://www.pionline.com/article/20180517/ONLINE/180519859/calpers-eyes-creating-corporate-structure-for-direct-private-equity-investing

National Stories

New Haven alders halt $250M pension bonding (New Haven Register)
https://www.nhregister.com/news/article/New-Haven-alders-halt-250M-pension-bonding-12924081.php

$5M Cut From Schools; Pension Idea Nixed (New Haven Independent)
http://www.newhavenindependent.org/index.php/archives/entry/5m_cut_from_schools_added_to_medical/

Accounting, Politics, and Public Pensions (The CPA Journal)
https://www.cpajournal.com/2018/05/18/accounting-politics-and-public-pensions/

CIVIC FEDERATION CALLS FOR TAX HIKES, OPPOSES SENSIBLE REFORM IN BUDGET CRITICISM (Illinois Policy)
https://www.illinoispolicy.org/civic-federation-calls-for-tax-hikes-opposes-sensible-reform-in-budget-criticism/

May 16, 2018

California Stories

League Urges CalPERS to Find Ways to Exceed 7% Return Projections (Chief Investment Officer)
https://www.ai-cio.com/news/league-urges-calpers-find-ways-exceed-7-return-projections/

CalPERS slashed pensions for 200 workers. Their boss is suing to keep his. (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article211215994.html

National Stories

Cutting Public Pension Benefits Would Hurt the Economy (Plan Sponsor)
https://www.plansponsor.com/cutting-public-pension-benefits-hurt-economy/

How generous are teacher benefits and do they make up for lower pay? (USA Today)
https://www.usatoday.com/story/money/nation-now/2018/05/16/teachers-pay-benefits-pensions-social-security-insurance/608375002/

NCPERS: Public pension funds’ investments, benefit payments essential for economic growth (Pensions & Investments)
http://www.pionline.com/article/20180516/ONLINE/180519871/ncpers-public-pension-funds-investments-benefit-payments-essential-for-economic-growth

Analysis turns thumbs down on pension “consideration” plan (Capitol Fax (Ill.)
https://capitolfax.com/2018/05/16/analysis-turns-thumbs-down-on-pension-consideration-plan/

Column: Say ‘no’ to spiked MEA pensions (Detroit News)
https://www.detroitnews.com/story/opinion/2018/05/17/spiked-mea-pensions/34996615/

CARBONDALE EMPLOYEES SEE RAISES DESPITE DEEPLY UNDERWATER PENSION FUNDS (Illinois Policy)
https://www.illinoispolicy.org/carbondale-employees-see-raises-despite-deeply-underwater-pension-funds/

May 15, 2018

California Stories

California’s Brown Says Cities on Their Own as Pension Tab Rises (Bloomberg)
https://www.bloomberg.com/news/articles/2018-05-14/california-s-brown-says-cities-on-their-own-as-pension-tab-rises

‘Crunch time’ at CalPERS: Pension confidence drops among city managers (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article211115234.html

Victorville officials: Don’t be scared by audit, but pensions another story (Daily Press)
http://www.vvdailypress.com/news/20180514/victorville-officials-dont-be-scared-by-audit-but-pensions-another-story

Giant California Pension Fund Raises Bet on Tech (Bloomberg)
https://www.bloomberg.com/news/articles/2018-05-14/calstrs-to-fund-real-estate-venture-targeting-growing-tech-hubs

Chief investment officer to leave California pension fund (AP)
http://www.dailyjournal.net/2018/05/14/us-california-pensions-investments-chief/

National Stories

Time for politicians to keep their promises and invest in pensions (The Hill)
http://thehill.com/opinion/finance/387517-time-for-politicians-to-keep-their-promises-and-invest-in-pensions

With tax changes giving defined benefit plans new life, company pensions may make a comeback (CNBC)
https://uk.finance.yahoo.com/news/tax-changes-giving-defined-benefit-115300282.html?guccounter=1

Largest Union In Connecticut Gov’t Gets New Leadership (CT News Junkie)
http://www.ctnewsjunkie.com/archives/entry/l20180514_argest_union_in_connecticut_gets_new_leadership/

May 14, 2018

California Stories

Unfunded debt for California teacher pensions up $11 billion (AP)
https://www.edweek.org/ew/articles/2018/05/10/unfunded-debt-for-california-teacher-pensions_ap.html

CalSTRS funded status declines to 62.6% following rate-of-return decrease (Pensions & Investments)
http://www.pionline.com/article/20180511/ONLINE/180519963/calstrs-funded-status-declines-to-626-following-rate-of-return-decrease

May 29 state Supreme Court hearing set on San Diego pension overhaul (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-hearing-20180510-story.html

Pension liability a challenge for Solano county, supervisor candidates (Fairfield Daily Republic)
https://www.dailyrepublic.com/solano-news/vacaville/pension-liability-a-challenge-for-solano-county-supervisor-candidates/

National Stories

Time for politicians for keep their promises and invest in pensions (The Hill)
http://thehill.com/opinion/finance/387517-time-for-politicians-for-keep-their-promises-and-invest-in-pensions

A $32 billion PERA overhaul passed the Colorado legislature — what you need to know (AP)
https://www.denverpost.com/2018/05/11/pera-colorado-legislature-2018-what-to-know/

Behind Seattle’s rising pension costs: Past mismanagement adds to taxpayers’ burden (Seattle Times)
https://www.seattletimes.com/seattle-news/seattles-retirement-fund-was-mismanaged-now-taxpayers-are-paying-the-price/

Wilshire: State Pensions Are Over 70% Funded (Chief Investment Officer)
https://www.ai-cio.com/news/wilshire-state-pensions-70-funded/

Federal worker unions and retiree groups blast Trump pension cuts (People’s World)
http://www.peoplesworld.org/article/federal-worker-unions-and-retiree-groups-blast-trump-pension-cuts/

 

May 11, 2018

California Stories

Unfunded Debt For California Teacher Pensions Up $11 Billion (CBS Bay Area)
http://sanfrancisco.cbslocal.com/2018/05/10/calstrs-unfunded-debt-teacher-pensions-up-11-billion/

Treasurer John Chiang: The Union-Tribune Interview (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-john-chiang-interview-20180510-story.html

National Stories

Colorado passes pension reform, increasing contributions and retirement age (Pensions & Investments)
http://www.pionline.com/article/20180510/ONLINE/180519984/colorado-passes-pension-reform-increasing-contributions-and-retirement-age

Colorado lawmakers’ pension compromise raises teacher retirement age, cuts benefits (Chalkbeat)
https://chalkbeat.org/posts/co/2018/05/10/colorado-lawmakers-pera-compromise-vote/

Behind Seattle’s rising pension costs: Past mismanagement adds to taxpayers’ burden (Seattle Times)
https://www.seattletimes.com/seattle-news/seattles-retirement-fund-was-mismanaged-now-taxpayers-are-paying-the-price/

Wilshire: State Pensions Are Over 70% Funded (Chief Investment Officer)
https://www.ai-cio.com/news/wilshire-state-pensions-70-funded/

Phil Murphy takes action on bill giving police, firefighters control over pensions (NJ.com)
http://www.nj.com/politics/index.ssf/2018/05/murphy_takes_action_on_bill_giving_police_firefigh.html

May 10, 2018

California Stories

Facing a deficit, Whittier gets by one more year without spending cuts or raising taxes; here’s how (Whittier Daily News)
https://www.whittierdailynews.com/2018/05/09/facing-a-deficit-whittier-gets-by-one-more-year-without-spending-cuts-or-raising-taxes-heres-how/

California teachers’ pension fund to pressure gun retailers (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article210803839.html

CalSTRS to pressure retailers to stop selling assault weapons banned by California (LA Times)
http://www.latimes.com/business/la-fi-calstrs-assault-rifles-20180509-story.html

CalSTRS opts to engage assault weapon retailers, not immediate divestment (Reuters)
https://www.reuters.com/article/us-california-calstrs-guns/calstrs-opts-to-engage-with-assault-weapon-retailers-not-divest-idUSKBN1IA368

Giant California teacher pension system targets gun sellers (AP)
https://www.wftv.com/news/giant-california-teacher-pension-system-targets-gun-sellers/746717936

Ventura City Council approves new police contract with pay raises just over 5% (Ventura County Star)
https://www.vcstar.com/story/news/local/communities/ventura/2018/05/09/ventura-approves-new-police-contract-pay-raises-just-over-5/596280002/

National Stories

Not So Great GASB: Accounting Rule Pushes Hospital Near Default (Bloomberg)
https://www.bloombergquint.com/onweb/2018/05/09/not-so-great-gasb-accounting-rule-pushes-hospital-near-default

May 9, 2018

California Stories

The open secret about California taxes (CALMatters)
https://calmatters.org/articles/the-open-secret-about-california-taxes/

The University of California workers strike just got even bigger (Think Progress)
https://thinkprogress.org/the-university-of-california-workers-strike-just-got-even-bigger-0fdcb0b90393/

National Stories

Op-ed: Wisconsin’s Pension System Works for Everyone (Bloomberg)
https://www.bloomberg.com/view/articles/2018-05-09/wisconsin-s-pension-system-works-for-taxpayers-and-employees

Column: Trump thanks federal employees with $143.5 billion in retirement cuts (Washington Post)
https://www.washingtonpost.com/news/powerpost/wp/2018/05/08/trump-thanks-federal-employees-with-143-5-billion-in-retirement-cuts/?noredirect=on&utm_term=.b93268206c8c

Conn. Lawmakers Squabbling As They Seek Budget Compromise (Hartford Courant)
http://www.courant.com/politics/hc-pol-budget-negotiations-continue-20180508-story.html

Collective bargaining, not money, dominates this budget fight (Connecticut Mirror)
https://ctmirror.org/2018/05/09/collective-bargaining-not-money-dominates-budget-fight/

Every Illinoisan Owes $11,000 For Pensions With No Fix in Sight (Financial Advisor)
https://www.fa-mag.com/news/every-illinoisan-owes–11-000-for-pensions-with-no-fix-in-sight-38564.html

May 8, 2018

California Stories

Steve Westly: Who Will Fix California’s Biggest Problem? (Fair Observer)
https://www.fairobserver.com/region/north_america/california-governor-election-jerry-brown-american-news-34909/

University of California Workers Begin 3-Day Strike (Courthouse News Service)
https://www.courthousenews.com/university-of-california-workers-begin-3-day-strike/

National Stories

Pension Funds Still Making Promises They Probably Can’t Keep (Wall Street Journal)
https://www.wsj.com/articles/pension-funds-still-making-promises-they-probably-cant-keep-1525775400

PENSIONS EMBRACE SHORT-TERM CAUTION (Top 1000 Funds)
https://www.top1000funds.com/featured-homepage-posts/2018/05/08/pensions-embrace-short-term-caution/

Asset owners, managers see different challenges on investment horizon (Pensions & Investments)
http://www.pionline.com/article/20180507/ONLINE/180509898/asset-owners-managers-see-different-challenges-on-investing-horizon

May 7, 2018

California Stories

Op-ed: California’s most powerful voice on Wall Street? Its pensions (LA Times)
http://www.latimes.com/opinion/op-ed/la-oe-webber-pensions-california-20180506-story.html

Marin retirement fund’s average full-career pension: $96,401 (Marin Independent Journal)
http://www.marinij.com/article/NO/20180506/NEWS/180509865

San Francisco Voters To Weigh New Parcel Tax To Help Teachers (CBS Bay Area)
http://sanfrancisco.cbslocal.com/2018/05/04/san-francisco-voters-to-weigh-new-parcel-tax-to-help-teachers/

How Whittier will deal with $1.8 million budget deficit caused by rising pension costs (Whittier Daily News)
https://www.whittierdailynews.com/2018/05/06/how-whittier-will-deal-with-1-8-million-budget-deficit-caused-by-rising-pension-costs/

Op-ed: Pensions keep growing (Madera Tribune)
http://www.maderatribune.com/single-post/2018/05/05/Pensions-keep-growing

National Stories

Kate Brown poised for easy win in Democratic primary, thanks to union support (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2018/05/kate_brown_poised_for_easy_win.html

End of days: Legislature wrestles with compromises as session draws to a close (The Daily Sentinel (Colo.)
http://mychesco.com/a/news/pennsylvania/pension-advance-company-to-offer-pennsylvania-consumers-restitution/

Blue Ribbon Panel’s View: Sacrifice together, make good on Minnesota’s public pension promises (Duluth News Tribune)
https://www.duluthnewstribune.com/opinion/columns/4442012-blue-ribbon-panels-view-sacrifice-together-make-good-minnesotas-public

Guest columnist: New revenue remains essential for fixing pension crisis (The State Journal (Kent.)
https://www.state-journal.com/2018/05/03/guest-columnist-new-revenue-remains-essential-for-fixing-pension-crisis/

Blame our politicians for the retirement savings problem (American Enterprise Institute)
https://www.aei.org/publication/blame-our-politicians-for-the-retirement-savings-problem/

Senate approves pension revocation for state employees convicted of sexual assault on the job (Yankee Institute)
http://www.yankeeinstitute.org/2018/05/senate-approves-pension-revocation-for-state-employees-convicted-of-sexual-assault-on-the-job/

May 4, 2018

California Stories

Point-Counterpoint: May Day and the Milken Institute Global Conference (City Watch)
http://www.citywatchla.com/index.php/los-angeles/15377-point-counterpoint-may-day-and-the-milken-institute-global-conference

National Stories

Blame our politicians for the retirement savings problem (The Hill)
http://thehill.com/opinion/finance/386187-blame-our-politicians-for-the-retirement-savings-problem

Colorado Pension Reform Heads to Conference Committee (Chief Investment Officer)
https://www.ai-cio.com/news/colorado-pension-reform-heads-conference-committee/

Business groups urge specific steps in pension-system reform (Denver Business Journal)
https://www.bizjournals.com/denver/news/2018/05/03/business-groups-urge-specific-steps-in-pension.html

Verizon shareholders reject proposals supported by major pension funds (Pensions & Investments)
http://www.pionline.com/article/20180503/ONLINE/180509936/verizon-shareholders-reject-proposals-supported-by-major-pension-funds

May 3, 2018

California Stories

LAPD chief calls for change to controversial retirement program
http://www.latimes.com/la-me-ln-lapd-beck-drop-20180502-story.html

Riverside has balanced budget for next two years but cutbacks loom (Riverside Press Enterprise)
https://www.pe.com/2018/05/02/riverside-has-balanced-budget-for-next-two-years-but-cutbacks-loom/

CalPERS Board Spat Heats Up As Pension Giant Feels The Squeeze (Value Walk)
https://www.valuewalk.com/2018/04/calpers-board-war-pension/

National Stories

Congress Mulls Ideas As Pension Crisis Nears Disaster Levels (Value Walk)
https://www.valuewalk.com/2018/05/pension-crisis-congress-bailout/

GOP offers compromise CT budget, taps tax windfall to bolster key programs (Connecticut Mirror)
https://ctmirror.org/2018/05/02/gop-offers-compromise-ct-budget-taps-tax-windfall-bolster-key-programs/

May 1, 2018

 California Stories

CalPERS Board Spat Heats Up As Pension Giant Feels The Squeeze (Value Walk)
https://www.valuewalk.com/2018/04/calpers-board-war-pension/

National Stories

Rising pension costs play role in teacher protests across US (AP)
http://www.bdtonline.com/news/rising-pension-costs-play-role-in-teacher-protests-across-us/article_dc9d85fd-0396-5afb-ac8b-98837debb8b1.html

Actuarial Report Prompts PennSERS Board to Lower Employer Contributions (Chief Investment Officer)
https://www.ai-cio.com/news/actuarial-report-prompts-pennsers-board-lower-employer-contributions/

Gov. Mifflin residents quiz school leaders on costs (Reading Eagle (Penn.)
http://www.readingeagle.com/news/article/gov-mifflin-residents-quiz-school-leaders-on-costs

 

April 28, 2018

California Stories

California Senate committee kills bill allowing employees to opt out of CalPERS (Pensions & Investments)

http://www.pionline.com/article/20180427/ONLINE/180429865/california-senate-committee-kills-bill-allowing-employees-to-opt-out-of-calpers

Let’s talk about the problems with pensions (Napa Valley Register)

https://napavalleyregister.com/opinion/letters/let-s-talk-about-the-problems-with-pensions/article_bd51a620-2f10-5edd-abe0-c3b4f60b9146.html

Letter: Pension costs (Santa Rosa Press Democrat)

http://www.pressdemocrat.com/opinion/8261486-181/sundays-letters-to-the-editor?sba=AAS

Letters to the Editor: Fund competitive teacher salaries (SF Chronicle)

https://www.sfchronicle.com/opinion/letterstoeditor/article/Letters-to-the-Editor-Fund-competitive-teacher-12868145.php

 

National Stories

LETTER Don’t Slash Public Pensions (NY Times)

https://www.nytimes.com/2018/04/27/opinion/public-pensions.html

Firm footing for now: North Dakota public pensions on solid ground, but may call for future changes (Bismark Tribune)

http://bismarcktribune.com/news/state-and-regional/firm-footing-for-now-north-dakota-public-pensions-on-solid/article_b2022128-5817-52bd-aa59-79b78538ef77.html

Editorial: KPERS system worth extensive examination (Topeka Capital Journal)

http://www.cjonline.com/opinion/20180427/editorial-kpers-system-worth-extensive-examination

New tax hikes for middle class? Phil Murphy says no as he pushes his tax increases (North Jersey)

https://www.northjersey.com/story/news/new-jersey/governor/2018/04/30/nj-tax-hikes-middle-class-phil-murphy/557164002/

Portfolio size no guarantee of protection (Pensions & Investments)

http://www.pionline.com/article/20180430/PRINT/180439974/portfolio-size-no-guarantee-of-protection

April 27, 2018

California Stories

OPINION California, like the rest of the country, needs to confront the pension crisis
https://www.ocregister.com/2018/04/25/california-like-the-rest-of-the-country-needs-to-confront-the-pension-crisis/

California Pension Overhaul Bills Killed (Chief Investment Officer)
https://www.ai-cio.com/news/california-pension-overhaul-bills-killed/

Secrets, and seals of approval, in the California governor’s race (CalMatters)
https://calmatters.org/articles/secrets-and-seals-of-approval-in-the-california-governors-race/

National Stories

The big myth about America’s pension crisis (CNN Money)
http://money.cnn.com/interactive/economy/pension-crisis-retired-workers/index.html

Georgia’s state retirees happy with bonuses but have higher hopes (Atlanta Journal Constitution)
https://politics.myajc.com/news/state–regional-govt–politics/georgia-state-retirees-happy-with-bonuses-but-have-higher-hopes/rFcTiV70K0nvR8xC7nhSbM/

‘We Simply Can’t Take It Any Longer’: Teacher Protests Sweep Arizona, Colorado (NPR)
https://calmatters.org/articles/secrets-and-seals-of-approval-in-the-california-governors-race/

Corporate Pension Bond Bulls Could Further Flatten the US Treasury Yield Curve (Chief Investment Officer)
https://www.ai-cio.com/news/corporate-pension-bond-bulls-flatten-us-treasury-yield-curve/

April 26, 2018

California Stories

Facing $7M budget gap, Oxnard poised to cut positions (Ventura County Star)
https://www.vcstar.com/story/news/2018/04/25/facing-7-m-budget-gap-oxnard-poised-cut-positions/550451002/

San Diego County Sues Pension for Not Cutting Benefits (Chief Investment Officer)
https://www.ai-cio.com/news/san-diego-county-sues-pension-not-cutting-benefits/

CalPERS rejects plea to divest from carmakers over emissions (Bloomberg)
http://www.pionline.com/article/20180425/ONLINE/180429919/calpers-rejects-plea-to-divest-from-carmakers-over-emissions

National Stories

Op-ed: America’s public pensions matter
http://thehill.com/opinion/finance/384874-americas-public-pensions-matter

Editorial: Give teachers their due, but hold them accountable (USA Today)
https://www.usatoday.com/story/opinion/2018/04/25/give-teachers-their-due-but-hold-them-accountable-editorials-debates/550234002/

Illinois lawmakers studying local public safety pension consolidation (Watchdog)
https://www.tribuneledgernews.com/extra/news/illinois-lawmakers-studying-local-public-safety-pension-consolidation/article_5e7f4d37-f44e-525e-843b-ab8420ee246b.html

April 25, 2018

California Stories

Cost-of-living adjustments for California state worker pensions are safe, for now (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article209675374.html

Opposition to “Tax Fairness” Measure is All About Pensions (Fox & Hounds)
http://www.foxandhoundsdaily.com/2018/04/opposition-tax-fairness-measure-pensions/

Calpers Urged to Divest From Automakers That Relax Fuel Standards (Bloomberg)
https://www.bloomberg.com/news/articles/2018-04-24/calpers-urged-to-divest-automakers-that-relax-fuel-standards

National Stories

Political will is the missing ingredient in the Illinois pension recipe (The Bond Buyer)
https://www.bondbuyer.com/news/political-will-is-the-missing-ingredient-in-the-illinois-pension-recipe

A LOOK AT THE EDUCATION LABOR MOVEMENTS EMERGING ACROSS THE COUNTRY (Pacific Standard)
https://psmag.com/economics/a-look-at-the-education-labor-movements-emerging-across-the-country

Phil Murphy at 100 days: He sees progress but roadblocks on legal weed, taxes, school aid (North Jersey)
https://www.northjersey.com/story/news/new-jersey/governor/2018/04/25/getting-more-done-than-he-thought-100-days-gov-phil-murphy-sees-lot-road/532647002/

Teachers Federation Calls Out Gun Investors (Chief Investment Officer)
https://www.ai-cio.com/news/teachers-federation-calls-gun-investors/

These are the states where retirees have the most income (CNBC)
https://www.cnbc.com/2018/04/24/maryland-california-and-virginia-have-the-highest-retirement-income.html

April 24, 2018

California Stories

OPINION ‘Silver Tsunami’ hits as pension costs devour California school budgets (SF Chronicle)
https://www.sfchronicle.com/opinion/amp/Silver-Tsunami-hits-as-pension-costs-devour-12851975.php?__twitter_impression=true

Teacher Pension Crisis Overwhelms California And Kentucky (Value Walk)
https://www.valuewalk.com/2018/04/teacher-pension-crisis/

San Diego County sues pension fund to implement new benefit formula (Pensions & Investments)
http://www.pionline.com/article/20180423/ONLINE/180429967/san-diego-county-sues-pension-fund-to-implement-new-benefit-formula

Report: Riverside County Deficits Weighing on Safety Agencies, Reserves Still Strong (My News LA)
https://mynewsla.com/business/2018/04/23/report-deficits-weighing-on-safety-agencies-reserves-still-strong/

National Stories

Where The Struggle Stands Over Funding Public Employee Pensions Stands (Colorado Public Radio)
http://www.cpr.org/news/story/where-the-struggle-stands-over-funding-public-employee-pensions-stands

NYC Pensions Seek Divestment Plan Guidance (Chief Investment Officer)
https://www.ai-cio.com/news/nyc-pensions-seek-divestment-plan-guidance/

Now is the time for pension reform, Khouri says (DuPage Policy Journal)
https://dupagepolicyjournal.com/stories/511397637-now-is-the-time-for-pension-reform-khouri-says

April 23, 2018

California Stories

Editorial | Why a great year for CalPERS’ investments wasn’t nearly great enough (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-calpers-underfunded-pensions-unsustainable-20180420-story.html

Glazer: Give public workers a 401(k) alternative to pensions (San Jose Mercury News)
https://www.mercurynews.com/2018/04/21/opinion-give-public-workers-a-401k-alternative-to-pensions/

Sales tax on your local ballot? California’s pension crisis may have nominated it (CalMatters)
http://www.sacbee.com/opinion/california-forum/article209303974.html

City Planning Session Held April 13 (South Pasadena Review)
https://southpasadenareview.com/city-planning-session-held-april-13/

National Stories

Potential Albany ‘pension pork’ bills could cost taxpayers a fortune (New York Post)
https://nypost.com/2018/04/23/potential-albany-pension-pork-bills-could-cost-taxpayers-a-fortune/

Lawmakers attempt to shore up PERA (Fort Morgan Times (Colo.)
http://www.fortmorgantimes.com/fort-morgan-local-news/ci_31821033/lawmakers-attempt-shore-up-pera

1.2 Million Americans Won’t Ever Get Social Security Benefits (Money Morning)
https://moneymorning.com/2018/04/20/1-2-million-americans-wont-ever-get-social-security-benefits/

Luzerne County manager bemoans rise in employee pension fund subsidy (Times-Leader (Penn.)
https://www.timesleader.com/news/local/701019/luzerne-county-manager-bemoans-rise-in-employee-pension-fund-subsidy

April 20, 2018

California Stories

California Pension Bills Are Sensible Fixes, but They Have Little Chance of Passing (Reason)
https://reason.com/archives/2018/04/20/california-pension-bills-are-sensible-fi

UC Workers Vote To Strike, Call For Boycott (Patch)
https://patch.com/california/centurycity/uc-workers-vote-strike-call-boycott

National Stories

Pension Reform Hurts Public Sector Competitiveness (Chief Investment Officer)
https://www.ai-cio.com/news/pension-reform-hurts-public-sector-competitiveness/

Texas teachers’ pay is average. But their pensions are among the lowest in the country. (Texas Tribune)
https://www.texastribune.org/2018/04/20/texas-teachers-employee-benefits-dead-last-retirement-funding/

EDITORIAL A wrong turn on PERA reform (Denver Post)
https://www.denverpost.com/2018/04/18/a-wrong-turn-on-pera-reform/

KY Retirement Systems won’t join lawsuit alleging pensions were cheated on hedge funds (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article209361669.html

Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are (Plan Sponsor)
https://www.plansponsor.com/hearing-witnesses-lay-multiemployer-pensions-got/

April 19, 2018

California Stories

Pension Costs a Looming Challenge as Santa Barbara Council Ponders 2019 Budget (Noozhawk)
https://www.noozhawk.com/article/pension_costs_growing_problem_santa_barbaras_2019_budget

SLO council approves plan to slash budget by $8.9 million to pay for rising pensions (SLO Tribune)
http://www.sanluisobispo.com/news/local/article209266129.html

Ending secrecy (Chico News & Review)
https://www.newsreview.com/chico/ending-secrecy/content?oid=26134506

Santa Maria City Council approves agreement for contract extension with police management, public safety officers (Santa Maria Times)
http://santamariatimes.com/news/local/santa-maria-city-council-approves-agreement-for-contract-extension-with/article_0f32f1c3-2885-5bd3-8211-a63bafe25a73.html

CalPERS’ funded status flat in past fiscal year; increases state contributions (Pensions & Investments)
http://www.pionline.com/article/20180419/ONLINE/180419814/calpers-funded-status-flat-in-past-fiscal-year-increases-state-contributions

National Stories

Op-ed: Rosy numbers may be hiding Hawaii’s unfunded pension liabilities (The Hill)
http://thehill.com/opinion/finance/383748-rosy-numbers-may-be-hiding-hawaiis-unfunded-pension-liabilities

April 18, 2018

California Stories

California’s largest pension fund sends next year’s invoice to state government: $6.3 billion (LA Times)
http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-s-largest-pension-fund-sends-1523991989-htmlstory.html

National Stories

Study Finds Different Paths for Corporate and Public Pensions (Plan Sponsor)
https://www.plansponsor.com/study-finds-different-paths-corporate-public-pensions/

TAX DAY: WHERE DO ILLINOISANS’ STATE TAX DOLLARS GO? (Illinois Policy)
https://www.illinoispolicy.org/tax-day-where-do-illinoisans-state-tax-dollars-go/

State employee contracts can nullify state law (Journal Inquirer (Conn.)
http://www.journalinquirer.com/public/state-employee-contracts-can-nullify-state-law/article_701b82c0-42a0-11e8-b786-03688113e22d.html

April 17, 2018

California Stories

Questions about new CalPERS CFO’s background and experience should be taken seriously by the pension fund (LA Times)
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-asubonten-calpers-20180416-story.html

Los Angeles Schools Facing $15 Billion Debt for Retiree Health Care (Reason)
https://reason.com/blog/2018/04/16/los-angeles-schools-facing-15-billion-de

Council to discuss pension contributions (Chico Enterprise Record)
http://www.chicoer.com/article/NA/20180415/NEWS/180419829

CHICO PD EMPLOYEES TO PAY MORE INTO OWN PENSIONS (Action News Now)
http://www.actionnewsnow.com/content/news/Chico-PD-employees-to-pay-more-into-own-pensions-479900653.html

CalPERS managing investment director of fixed income to retire (Reuters)
https://www.reuters.com/article/california-calpers/update-1-calpers-managing-investment-director-of-fixed-income-to-retire-idUSL1N1RT20H

Top CalPERS Official to Retire (Chief Investment Officer)
https://www.ai-cio.com/news/top-calpers-official-retire/

CalPERS managing investment director of fixed income to retire (Pensions & Investments)
http://www.pionline.com/article/20180416/ONLINE/180419860/calpers-managing-investment-director-of-fixed-income-to-retire

CalPERS buys boatload of Bridgepoint stock (San Diego Reader)
https://www.sandiegoreader.com/news/2018/apr/16/ticker-calpers-buys-boatload-bridgepoint-stock/#

National Stories

The Mirage of Pension-Fund Activism (Jacobin Magazine)
https://www.jacobinmag.com/2018/04/pension-fund-activism-working-class-shareholder-review

Kentucky’s Teachers Embrace a Broken Pension System (National Review)
https://www.nationalreview.com/2018/04/kentucky-teachers-defend-broken-pension-system/

The New York Times spotlights Oregon PERS: 5 insider facts to know (The Oregonian)
http://www.oregonlive.com/politics/index.ssf/2018/04/national_spotlight_cast_on_per.html

Capitol Conversation: Major Items Still Undecided (KUNC (Colo.)
http://www.kunc.org/post/capitol-conversation-major-items-still-undecided

Paradise Valley budget talks illustrate a municipality in full bloom (Paradise Valley Independent)
https://paradisevalleyindependent.com/news/paradise-valley-budget-talks-illustrate-a-municipality-in-full-bloom/

Scottsdale employees to see up-tick to monthly healthcare premiums (Scottsdale Independent)
https://www.scottsdaleindependent.com/news/scottsdale-employees-to-see-up-tick-to-monthly-healthcare-premiums/

City leaders: Providence pension payments a ‘recipe for disaster’ (WPRI)
http://www.wpri.com/news/local-news/city-leaders-providence-pension-payments-a-recipe-for-disaster/1126048843

April 16, 2018

California Stories

CalPERS faces steep climb to rebuild its funding (Calpensions)
https://calpensions.com/2018/04/16/calpers-faces-steep-climb-to-rebuild-its-funding/

CalPERS hires new chief operating investment officer (Pensions & Investments)
http://www.pionline.com/article/20180413/ONLINE/180419902/calpers-hires-new-chief-operating-investment-officer

Calpers Is Seeking an Asset Manager for Infrastructure Push (Bloomberg)
https://www.bloomberg.com/news/articles/2018-04-13/calpers-is-said-to-seek-asset-manager-for-infrastructure-push

CalPERS Likely to Reject Diversity Engagement Targets (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-likely-reject-diversity-engagement-targets/

National Stories

3 Things That Caught My Eye In The Pew Report On Public Pensions (Forbes)
https://www.forbes.com/sites/ebauer/2018/04/13/3-things-that-caught-my-eye-in-the-pew-report-on-public-pensions/#337f06dd5d86

Public-Sector Pension Changes Create Residual Effects (Plan Sponsor)
https://www.plansponsor.com/public-sector-pension-changes-create-residual-effects/

New York Moves to Create Retirement Plans for Millions of Small Business Employees (Real Daily)
https://realdaily.com/ny-state-private-sector-workers-to-receive-retirement-plans/

Taxpayer Costs Soared as Illinois Public College & University Enrollment Dropped (Forbes)
https://www.forbes.com/sites/adamandrzejewski/2018/04/13/taxpayer-costs-soar-as-illinois-public-college-university-enrollment-drops/#3d62557a1018

EDITORIAL Taxing logic in the Kentucky legislature (Lexington Herald Leader)
http://www.kentucky.com/opinion/editorials/article208784434.html

We’ve got you covered — here are the highlights for the 2018-2020 Kentucky budget (Lousiville Courier Journal)
https://www.courier-journal.com/story/news/politics/2018/04/15/kentucky-budget-pension-public-education-funding/517909002/

Teachers rally in Frankfort as Bevin veto overturned (City Beat)
https://www.citybeat.com/news/blog/21000893/teachers-rally-in-frankfort-as-bevin-veto-overturned

Kentucky Teachers To Rally Again As Lawmakers Return For Final Legislative Days (WKU)
http://wkyufm.org/post/kentucky-teachers-rally-again-lawmakers-return-final-legislative-days#stream/0

New database: Who gets the highest pensions in NY? (Gannett)
http://www.wgrz.com/article/news/local/new-york/new-database-who-gets-the-highest-pensions-in-ny/71-537921074

Police salaries mind-numbing: Editorial (Asbury Park Press (N.J.)
https://www.app.com/story/opinion/editorials/2018/04/13/police-salaries-new-jersey-data-universe/514038002/

Ex-LCC president joins PERS elite (Eugene Register Guard)
http://registerguard.com/rg/news/local/36645022-75/ex-lcc-president-joins-pers-elite.html.csp

April 12, 2018

California Stories

California Should Copy New Jersey’s Union Fund Takeover, but With One Caveat (Fox & Hounds)

http://www.foxandhoundsdaily.com/2018/04/california-copy-new-jerseys-union-fund-takeover-one-caveat/

Mounting Headlines are Fuel for Pension Reform Movement (Fox & Hounds)

http://www.foxandhoundsdaily.com/2018/04/mounting-headlines-fuel-pension-reform-movement/

Lodi official says California bill could leave cities liable for pension obligations incurred by other cities (Lodi News)

http://www.lodinews.com/news/article_d7bc87ba-3e1a-11e8-ae2d-43a734fe128e.html

Letter: ‘Double-dipping’ lawmakers? More like elected leaders collecting the pensions they earned (LA Times)’Double-dipping’ lawmakers? More like elected leaders collecting the pensions they earned (LA Times)

http://www.latimes.com/opinion/readersreact/la-ol-le-double-dipping-pensions-lawmakers-20180410-story.html

National Stories

Attorney General Andy Beshear files suit against Kentucky’s new pension law (Louisville Courier Journal)

https://www.courier-journal.com/story/news/politics/2018/04/11/kentucky-pension-reform-beshear-sues-block-bevin/506192002/

Kentucky attorney general sues to stop pension bill (WCPO)

https://www.wcpo.com/news/government/state-government/kentucky-state-government-news/kentucky-attorney-general-sues-to-stop-pension-bill

Kentucky attorney general’s lawsuit seeks to void new pension law (Reuters)

https://www.reuters.com/article/us-kentucky-pensions/kentucky-attorney-generals-lawsuit-seeks-to-void-new-pension-law-idUSKBN1HI2Y1

Here’s What’s Left For Kentucky Lawmakers In Final Legislative Days (WFPL)

http://wfpl.org/heres-whats-left-for-ky-lawmakers-in-final-legislative-days/

Op-ed: Tax measure will grow economy, create more opportunity (Kentucky Today)

http://kentuckytoday.com/stories/tax-measure-will-grow-economy-create-more-opportunity,12806

Column: New Haven may risk debt to shore up pension fund (Hartford Journal Inquirer)

http://www.journalinquirer.com/public/new-haven-may-risk-debt-to-shore-up-pension-fund/article_8f5270d6-3e4a-11e8-8524-67a75096b82c.html

HARVEY PENSION CRISIS LEADS TO MASS LAYOFFS (Illinois Policy)

https://www.illinoispolicy.org/harvey-pension-crisis-leads-to-mass-layoffs/

Bill seeks to lower teacher pension contribution (Yankee Institute)

http://www.yankeeinstitute.org/2018/04/bill-seeks-to-lower-teacher-pension-contribution/

April 9, 2018

California Stories

Editorial | That ‘split roll’ you heard about? Less a Prop. 13 fix than a pension bailout (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/editorials/sd-split-roll-proposition-13-story.html

CalPERS may join union foes of 401(k) option (Calpensions)
https://calpensions.com/2018/04/09/calpers-may-join-union-foes-of-401k-option/

Council hears need to address city’s structural deficit (Martinez News-Gazette)
https://martinezgazette.com/council-hears-need-to-address-citys-structural-deficit/

La Verne ponders borrowing money to cover employee pensions (San Gabriel Valley Tribune)
https://www.sgvtribune.com/2018/04/06/la-verne-ponders-borrowing-money-to-cover-employee-pensions/

97 retired city workers in Redondo Beach make more than $100,000 per year (The Beach Reporter)
http://tbrnews.com/news/redondo_beach/retired-city-workers-in-redondo-beach-make-more-than-per/article_5b04967e-39b3-11e8-a85b-df0c6fd95a52.html

National Stories

As Kentucky teachers’ movement grows, splits appear over next moves and possible sickouts (Louisville Courier Journal)
https://www.courier-journal.com/story/news/education/2018/04/06/kentucky-teachers-movement-grows-splits-over-possible-sickouts/485692002/

5 steps Nashville could take to prevent pension spiking (Tennesseean)
https://www.tennessean.com/story/news/local/davidson/2018/04/09/5-steps-nashville-could-take-prevent-pension-spiking/485626002/

Political Scene: High court to hear pensioners suit Thursday (Providence Journal)
http://www.providencejournal.com/news/20180408/political-scene-high-court-to-hear-pensioners-suit-thursday

Editorial: Illinois needs to fix state pensions, tax retirees to avoid the abyss (Belleville News Democrat)
http://www.bnd.com/opinion/editorials/article207928839.html

Editorial: Lawmakers should fix own pensions first (Dispatch Argus (Ill.)
http://qconline.com/opinion/editorial/editorial-lawmakers-should-fix-own-pensions-first/article_de366944-b714-59d7-8e66-31a327be9222.html

Gov. Murphy’s pie-in-the-sky community college plan won’t fly | Mulshine (NJ.com)
http://www.nj.com/opinion/index.ssf/2018/04/gov_murphys_pie-in-the-sky_community_college_plan.html

State employees own pieces of opioid companies and probably don’t know it (Johnson City Press)
http://www.johnsoncitypress.com/Government/2018/04/07/State-employees-own-pieces-of-opioid-companies-and-probably-don-t-know-it.html?ci=stream&lp=2&p=1

April 6, 2018

California Stories

Pension Costs Tally to a Stunning Sum (Laguna Beach Indy)
https://www.lagunabeachindy.com/pension-costs-tally-stunning-sum/

LA’s former assistant fire chief was paid $1.4 million last year, topping city’s list of highest-paid retirees (LA Daily News)
https://www.dailynews.com/2018/04/05/las-former-assistant-fire-chief-was-paid-1-4-million-last-year-topping-citys-list-of-highest-paid-retirees/

These 3 South Bay cities rank in the top 10 for the number of retired workers making $100K or more (Daily Breeze)
https://www.dailybreeze.com/2018/04/05/these-3-south-bay-cities-rank-in-the-top-10-for-the-number-of-retired-workers-making-100k-or-more/

Sudden departure of state industrial relations head Baker stuns labor, business (SF Chronicle)
https://www.sfchronicle.com/business/networth/article/Sudden-departure-of-state-industrial-relations-12810174.php

CalSTRS CIO Buys In to #DeleteFacebook (Bloomberg)
https://www.bloomberg.com/news/articles/2018-04-05/calstrs-cio-buys-in-to-deletefacebook-on-offensive-oversight

CalPERS appoints first sustainable investment managing investment director (Pensions & Investments)
http://www.pionline.com/article/20180405/ONLINE/180409900/calpers-appoints-first-sustainable-investment-managing-investment-director

National Stories

Teachers in other states are striking. Texas teachers can’t do that. (Texas Tribune)
https://www.texastribune.org/2018/04/05/texas-public-school-teachers-strike-union-oklahoma/

Magoffin teachers go to rally in Frankfort (Salyersville Independent)
http://www.salyersvilleindependent.com/article/magoffin-teachers-go-rally-frankfort

April 5, 2018

California Stories

A Solid Foundation for the Future (CalPERS)
https://www.calpers.ca.gov/docs/forms-publications/solid-foundation-for-the-future.pdf

Greenhut: California should copy New Jersey’s union fund takeover, but with one caveat (R Street)
http://www.rstreet.org/op-ed/california-should-copy-new-jerseys-union-fund-takeover-but-with-one-caveat/

 

National Stories

U.S. Teachers Say They Sacrifice for the Job They Love (U.S. News & World Review)
https://www.usnews.com/news/top-news/articles/2018-04-04/us-teachers-face-tough-choice-love-of-the-job-or-living-wage

Should I take a state job for the pension? (NJ.com)
http://www.nj.com/business/index.ssf/2018/04/should_i_take_a_state_job_for_the_pension.html

Social insurance in the time of robots (Brookings Institute)
https://www.brookings.edu/blog/future-development/2018/04/04/social-insurance-in-the-time-of-robots/

FORFEITURE FOR GOOD REASON: DIMINISH PENSIONS FOR DISGRACED PUBLIC SERVANTS (Courier Express (Penn.)
http://www.thecourierexpress.com/opinion/our_opinion/forfeiture-for-good-reason-diminish-pensions-for-disgraced-public-servants/article_b096c4a9-20f2-53c0-835e-9676847d411c.html

 

April 4, 2018

California Stories

These 13 California legislators are getting two government checks a month (LA Times)
http://www.latimes.com/politics/la-pol-ca-double-dipping-california-legislator-pensions-20180404-htmlstory.html

Tuolumne County officials: ‘Drastic changes’ needed to reduce future deficits (The Union Democrat)
http://www.uniondemocrat.com/localnews/6138635-151/tuolumne-county-officials-drastic-changes-needed-to-reduce

Council approves contract extension (Santa Maria Times)
http://santamariatimes.com/santamaria/santa-maria-residents-call-for-gun-buffer-zone-around-schools/article_e8807ff8-96eb-547f-9f7f-da365f3b5728.html

National Stories

Kentucky has a bigger problem than a broken tax system. This week it was obvious. (Lexington Herald Leader)
http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article207830994.html

Ky. Republicans Poised To Remake Commonwealth’s Tax System (LEX18)
http://www.lex18.com/story/37868579/ky-republicans-poised-to-remake-commonwealths-tax-system

Can Florida teachers walk out too? It’s not a good idea, unions say (Tampa Bay Times)
http://www.tampabay.com/article/20180403/ARTICLE/304039577/1071

Even Democrats question Malloy’s Hartford bailout (Manchester Journal Inquirer)
http://www.journalinquirer.com/public/even-democrats-question-malloy-s-hartford-bailout/article_a080a252-37fa-11e8-b41c-9bce0324e3a8.html

Editorial | A problem without solution? (The News-Gazette (Ill.)
http://www.news-gazette.com/opinion/editorials/2018-04-04/editorial-problem-without-solution.html

April 3, 2018

California Stories

Berkeley Looks to Ban Contracts With Immigrant Database Builders (Bloomberg)
https://www.bna.com/berkeley-looks-ban-n57982090666/

National Stories

‘Tired of begging’: Teacher rebellion shuts down Okla., Ky. schools (USA Today)
https://www.usatoday.com/story/news/nation/2018/04/02/teacher-strikes-shut-down-schools-across-oklahoma-kentucky/478102002/

The rebellion in Kentucky As the state tries to cut their pension plans, teachers fight back. (The Outline)
https://theoutline.com/post/4031/the-rebellion-in-kentucky-teachers-strike?zd=1&zi=46ud3igt

Kentucky teachers storm the Capitol. ‘We have no choice but to be here.’ (Lexington Herald Leader)
http://www.kentucky.com/news/politics-government/article207682419.html

Here’s what you need to know about what’s in (and not in) the Kentucky budget bill (Louisville Courier Journal)
https://www.courier-journal.com/story/news/politics/2018/04/03/kentucky-budget-highlights-retired-teachers-pension-funding/479592002/

“This Is a Struggle of Regular Working People” (Jacobin)
https://www.jacobinmag.com/2018/04/kentucky-teachers-public-workers-strike-pensions-budget

Puerto Rico governor to revise fiscal plan, but won’t budge on austerity (Reuters)
http://www.unionleader.com/article/20180401/NEWS06/180409908

April 2, 2018

California Stories

Some cities outsource their highest pension costs (Calpensions)
https://calpensions.com/2018/04/02/some-cities-outsource-their-highest-pension-costs/

Bachher still laying foundation of UC investments makeover (Pensions & Investments)

National Stories

The investment industry threatens state plans to help workers save (Center for Public Integrity)
https://www.publicintegrity.org/2018/04/02/21643/investment-industry-threatens-state-plans-help-workers-save

‘Cyber, boomers and pensions, oh my!’: state governments’ 3 worries (The Hill)
http://thehill.com/opinion/finance/381023-cyber-boomers-and-pensions-oh-my-state-governments-3-worries

EDITORIAL Minnesota House should act on clean pension bill (Minneapolis Star Tribune)
http://www.startribune.com/minnesota-house-should-act-on-clean-pension-bill/478431293/

Pension bill takes an extra six years and $5 billion to pay Kentucky’s pension debt (Lexington Herald-Leader)
http://www.kentucky.com/news/politics-government/article207498239.html

Minnesota Senate passes pension reform bill that reduces assumed rate of return (Pensions & Investments)
http://www.pionline.com/article/20180330/ONLINE/180339989/minnesota-senate-passes-pension-reform-bill-that-reduces-assumed-rate-of-return

Puerto Rico governor to revise fiscal plan, but won’t budge on austerity (Nasdaq)
https://www.nasdaq.com/article/puerto-rico-governor-to-revise-fiscal-plan-but-wont-budge-on-austerity-20180401-00045

Gun manufacturer takes $2M hit as NJ pension divests in response to Parkland (Think Progress)
https://thinkprogress.org/new-jersey-pension-divests-from-gun-manufacturer-4c0f3e7dd55a/