November 22, 2017

California Stories

Lou Cannon: In Spite of Positive Reforms, Many State Pensions Funds in Precarious Position (Noozhawk)


National Stories

New Report Claims Pension Crisis A Myth (Value Walk)

Public Pensions Have Been Able to Pay Promised Benefits (Plan Sponsor)

Should Failing Private Pension Funds Get a Federal Bailout? (The Fiscal Times)


Who’s looking out for the taxpayers? (Bluffton Today (S.C.)

Giving thanks for great public school teachers — and other endangered species. (Lexington Herald Leader)

Letter: Public pensions (Post & Courier)


November 20, 2017

California Stories


CalPERS shelves rate increase opposed by cities (Calpensions)

Greenhut: Losing your pension? CalPERS wants to shift blame to cities (Long Beach Press Telegram)

$112.2M PENSION SHORTFALL (Manteca Bulletin)

‘Pension millionaires’ focus distorts benefits picture, retired probation officer says (Fairfield Daily Republic)

How to figure out the right time for retirement (LA Times)

County supervisors recognize public employees and talk retirement funding (Plumas County News)


National Stories

NCPERS: Trying to close or freeze underfunded pension plans is misguided (Pensions & Investments)

Report: Public Pension Plans Consistently Meet Obligations (Chief Investment Officer)

US Rep. Richard Neal, Democrats push bill to ensure retired workers get their full pensions (Mass Live)

Louisiana Spotlight: Retirement debt a hidden cost in budget debate (The Advocate)

Republican lawmaker: Why I’m rooting for Murphy to succeed | Opinion (

OPINION: Support Kentucky pension reform, and teach students investment basics (The Lane Report)

City officials mull options to pay for PERS jump (The Argus Observer (Ore.)


November 17, 2017

California Stories

Open Reporting: Help us explore how pension costs are hitting schools (Cal Matters)


National Stories

NCPERS Analysis Shows Public Pension Plans Consistently Meet Obligations

Lawmaker says ‘votes aren’t there’ in the House for pension reform (Richmond Register)

Fossil Fuels’ Fishy New Friends (Bloomberg)

Colorado’s credit rating could tumble if PERA finances don’t improve, agency says (Denver Post)

SC pension reform: Who’s looking out for the taxpayers? (The Island Packet)

Pittsburgh no longer ‘financially distressed,’ according to state oversight team (Trib Live)

New Jersey Public Unions, Ascendant (City Journal)

Care New England CFO: Memorial Hospital Employees’ Pension Secure (Rhode Island Public Radio)

Labor and activists celebrate pushback against constitutional convention (New York Amsterdam News)

RESEARCH & COMMENTARY: CASH BALANCE PLANS ARE A SOLID OPTION FOR PENSION REFORM (Heartland Institute)–commentary-cash-balance-plans-are-a-solid-option-for-pension-reform


November 16, 2017

California Stories

Once modest government benefits produce ‘pension millionaires,’ taxpayers told (Fairfield Daily Republic)

CalPERS Stakeholders Argue for Status Quo (Chief Investment Officer)

Lodi’s Schwabauer, other city managers tackle pension crisis (Lodi News-Sentinel)

National Stories

South Carolina government going to 401(k) not likely to increase recruiting pool, expert says (Post and Courier)

Pension counterproposal needs to be considered (The Richmond Register)

November 14, 2017

California Stories

Opinion: How did CalPERS dig a $153 billion pension hole? (San Jose Mercury News)

CalPERS wants broke cities to deliver bad news to out-of-luck pensioners (Sacramento Bee)

CalPERS considers upping fixed-income investment, lowering volatility (Reuters)

Calpers considers more than doubling bond allocation to 44% (Benefits Pro)

One of the World’s Biggest Funds Is Slashing Its Exposure to Stocks (Bloomberg)

CalPERS Mulls Fixed-Income Future (Chief Investment Officer)

Op-ed: Private equity isn’t a good investment for CalPERS (Sacramento Bee)


National Stories

Kentucky’s public pension debt grew by more than $5 billion last year (Lexington Herald Leader)

Bevin insists ‘the votes are still there’ for his pension reform plan (Lexington Herald Leader)

Bevin withholds analysis of how much his pension plan would cost taxpayers (Lexington Herald Leader)

Lake Havasu City (Ariz.) to mull borrowing to pay down pension debt (AP)

N0vember 13, 2017

California Stories

Borenstein: End CalPERS’ reckless pension debt repayment plans (San Jose Mercury News)

Op-ed: Out-of-control pension costs could doom local governments across California (SLO Tribune)

The ailing state unemployment insurance fund (San Francisco Chronicle)

Another Voice: Mendocino County officials hid pension increases from the people (Ukiah Daily Journal)

Hostile workplace claims from 2006 dog CalPERS candidate (Sacramento Bee)

National Stories

GOP tax reform a mix of good and bad so far (Pensions & Investments)

Defined benefit pension plans help retain teacher talent (Benefits News)

The Constitution can’t protect underfunded public pensions (New York Post)

Appeals court rules against Milwaukee County in retirement dispute with more than 600 workers (Journal Sentinel)

EDITORIAL: Virginia’s pension plan still short $20.7 billion (

Letter: It’s always the fault of the NJEA? (North Jersey)

Analysis: Mississippi budget practices receive mixed grades (AP)

Cynical Bill Shows Why Public-Sector Abuses Are Rampant (Reason)

East Point’s pension plan largest in city’s history (Atlanta Journal Constitution)

Connecticut’s Budget Fails to Solve Its Long-Term Problems (National Review)

How Cyber-Thieves Stole From Iowa Pension Accounts (Governing)

November 9, 2017

California Stories

OPINION California needs to tackle its pension problems for the good of Orange County cities (OC Register)

CalPERS Retirees Targeted In Telephone Scam (The Independent)

Meketa says CalPERS’ new private equity structure misses opportunities, produces challenges (Pensions & Investments)

National Stories

States’ Financial Practices Get Graded (Governing)

Hoover Scandal Disrupts Pension Debate (WEKU)

OP-ED Nothing new, and nothing good, in Bevin’s attacks on public employees, pensioners (Lexington Herald Leader)

Pension forfeit measure would help fight corruption, experts say (Newsday)

Letters: Charters threaten retirement system (The Advocate)

Unions flexed muscle in defeat of Con Con (Niagara Gazette)

November 8, 2017

California Stories

Lou Paulson: False Platitudes (Fox & Hounds)

National Stories

U.S. Public Pensions Returned 3.5% Last Quarter (Bloomberg)

New York voters nix constitutional convention, vote to reform pensions (Buffalo News)

Education groups unveil alternative pension plan (The Daily Independent)

OPINION: Pensions and pension reform (The Lane Report)

Editorial: Phil Murphy: Fight for us, not with us (North Jersey)

Pension? Not for Corrupt Lawmakers Anymore in New York. (Governing)

South Carolina’s underfunded pensions report large investment gains during the past year (Post and Courier)

Hickenlooper right to shield taxpayers from cost of PERA (Denver Post)

November 7, 2017

California Stories

San Benito County’s 100K Club (Benito Link)

National Stories

Kentucky pension bill stalls as key Republican faces sexual harassment claims (The Hill)

Bevin did the right thing on sexual harassment, Hoover. Now what, GOP? (Lexington Herald Leader)

Kentucky pension reform: Teachers unveil alternative proposal (Courier Journal)

Private meeting of Kentucky House on pensions was illegal, attorney general says (Lexington Herald Leader)

Education groups unveil alternative pension plan (Richmond Register)

Oregon task force identifies measures to reduce unfunded pension liabilities by about $5 billion (Pensions & Investments)

Neither Major Party Gubernatorial Candidate Has a Serious Plan to Fix New Jersey’s Pension Crisis (Reason)

Cyber-thieves used ‘pretty clever’ tactic to steal IPERS’ pension benefits (Des Moines Register)

November 5, 2017

California Stories

Can CalPERS Divestment Make A Difference In Controversial Projects? (Capital Public Radio)

OPINION Daly’s cynical bill shows why public-sector abuses are rampant (OC Register)

Could CalSTRS reserve pay down pension debt? (Calpensions)

Political Road Map: Trump and gun investments spark debate for California pension funds (LA Times)

Redding to grand jury: pension deadlines ‘not reasonable’ (Redding Record Searchlight)


National Stories

OP-ED Asinine, criminal pension proposal is not keeping a promise (Lexington Herald Leader)

Some fear pension plan could hurt retention, hiring (Messenger Inquirer)

Letter to the Editor: ‘How a 401K Plan Saved My Retirement’ (Surf KY News)

What you should know about proposal to strip pensions from corrupt NY officials (Auburn Pub)

Retired public workers should get what state promised (Central Maine)

November 3, 2017

California Stories

New scam targets CalPERS retirees (Sacramento Bee)

LAUSD backs off proposal to cut health care and is now set to guarantee benefits at current levels for three more years (LA School Report)

Brother of Las Vegas shooting victim Jennifer Irvine urges educator-only pension to divest in guns (ABC 10 News)

Calif. retirement system to review holdings after Las Vegas shooting (Las Vegas Review-Journal)


National Stories

Kentucky pension reform bill may go through some changes (WLKY)

Kentucky lawmakers present pension bill to skeptical audience (News-Graphic)

Negotiations on Dallas teachers deal focused on health care (The Dallas Post)

EDITORIAL Another PERS task force (Eugene Register Guard)

Would these convicted NY officials have lost pensions under proposed law? (

Pension payments stolen from Iowa public employee retirees’ accounts (KWQC)


November 2, 2017

Pensions in the News: Media Clips for November 2, 2017

Californians for Retirement Security


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California Stories

Who Pays? The CalPERS Pension Buck Identifies the Income Sources of Public Employee Pensions (CalPERS)

Brother of Las Vegas victim wants California pension funds to divest from gun sellers (Sacramento Bee)

California’s teachers pension fund will consider divesting from gun retailers following mass shootings (LA Times)

In good times and in bad, California’s pension fund managers win fat bonuses (R Street)


National Stories

The Legalities of Pension Reform: How Do You Get There from Here? (Washington Post)

Pensions Aren’t Just A Kentucky Problem. Here’s What Other States Have Done (WFPL)

Guest column: Pension proposal ‘Cuts the Promise’ (The Gleaner)

Bevin touts pension fix in Owensboro (Messenger-Inquirer)

Here Are Some Ways Oregon Could Raise $5 Billion To Shrink Pension Debt (NW News Network)

Michael Scribner: Stop messing with public employees’ pensions (Topeka Capital-Journal)

Education, pensions top priorities in Colorado guv’s budget (AP)

Task force recommends how to cut Oregon’s pension deficit (AP)


October 31, 2017

California Stories

CalSTRS is handing out big bonuses after a banner year (Sacramento Bee)

David Crane: Ugly Political Hypocrisy – Something is Rotten in Sacramento (City Watch LA)

Port Hueneme police union sues city over contract dispute (Ventura County Star)

Opinion: Readers worry about City of Madera finances (The Madera Tribune)

Seven-month Spectrum strike in New York and New Jersey highlights assault on pensions (World Socialist Web Site)

National Stories

Kentucky governor traveling state to pitch pension plan (AP)

State workers: Your NC pension is in good shape. Your future health care is another story. (The News & Observer)

Lawmaker on pension reform bill: ‘This isn’t a slam dunk’ (Kentucky Today),9980

Clash over pensions mars constitutional convention debate (Crain’s New York Business)

Ohio Police & Fire Pension Cuts Assumed Rate of Return to 8% (Chief Investment Officer)

‘You should be outraged,’ Cardin says of federal pay and benefits proposals (Federal News Radio)

October 30, 2017

California Stories

Editorial: Washington’s tax plan unfair to Californians (San Francisco Chronicle)

EDITORIAL When Trump talks big tax cuts, California’s middle class should check its wallets (Sacramento Bee)

CalPERS faces another decision on employer rates (Calpensions)

Are Public Sector Workers Bankrupting California? (National Monitor)


Pensions pack punch for school district budgets, superintendent says (Fairfield Daily Republic)

National Stories

Survey: Workers Approve of State-Sponsored Auto-IRA Plans

Pension Reform: The Fiscal Crisis No One Wants to Talk About (Harvard Political Review)

NIRS Encourages Continued Use of Pensions for Teachers (Plan Sponsor)

Kentucky pension reform: Massive bill released for lawmakers’ scrutiny (Courier Journal)

Gov. Matt Bevin’s Pension Proposal Is Out. Here’s How It Will Affect Kentuckians (WFPL)

OP-ED There’s a better solution on pensions (Lexington Herald Leader)

OP-ED Scott County superintendent says pension liability won’t go away with Bevin’s plan (Lexington Herald Leader)

Former KRS manager likes Bevin’s pension plan (State Journal)

Kentucky pension reform: Why are people angry and other questions about Bevin’s plan (Courier Journal)

Opinion | Is Kentucky pension reform a race to the bottom or the top? (Courier Journal)

Election guide 2017: Where the candidates stand on public worker pensions (

Editorial: Misconduct won’t affect some public pensions (

Public service agencies see potential in task force recommendations on future of OPEB benefits (Michigan Peninsula News)

Vigilance required for public pensions to reach full funding (The Maui News)

October 26, 2017

California Stories

On Politics: Road maps to pension reform (Sierra Sun)

National Stories

Top House tax writer won’t rule out changes to 401(k) plans (AP)

Private Equity’s Biggest Backers Are Tired of the Fees (Bloomberg)

OP-ED Kentucky would lose years of education gains if legislature heaps retirement costs onto teachers, local districts (Lexington Herald Leader)

KY teachers, firefighters, officers seek promised pensions (Local 12)

Senate president addresses what he calls ‘misinformation’ about pension plan (WKYT)

Myth-busting the pension debate (The Lane Report (Ken.)


October 25, 2017

California Stories

David Crane: While LA Sleeps (Fox & Hounds)

OPINION The Inland Empire’s pension problem (Riverside Press Enterprise)

State’s public pension spending crowds out services (Daily Journal)

Dick Spotswood: Affordable housing could be lost in Strawberry (Marin Independent Journal)


National Stories

No, 401(k)s Aren’t a ‘Great and Popular Middle Class Tax Break’ (The Atlantic)

Tennessee pension gains 11.4 percent, beats target after 2 years of weak returns (The Tennesseean)


Lexington Comprehensive Plan Discussion Includes State Pension Reforms (Western Kentucky Public Radio)

Our View: Pension liabilities are a state, not federal, problem to address (The State Journal-Register (Ill.)

October 24, 2017

California Stories

‘Everything is at stake:’ California unions brace for a Supreme Court loss (Sacramento Bee)

California’s Six-Figure Pension Club Has 62,000 Members (Reason)

Chico improving technology, creating CalPERS reserve with $1 million (Chico Enterprise Record)

Madera City Council ponders predictions of financial deficit (Madera Tribune)

National Stories

GOP pension plan will ‘devastate public education in Kentucky,’ teachers group says (Lexington Herald Leader)

Educators voice concerns over pension proposal (Glasgow Daily Times (Ken.)

Gov. Kate Brown Makes It Official: State Senators Devlin and Ferroli Will Get Fivefold Pay Increase and Big Pension Boost (Willamette Week)

October 23, 2017

California Stories

Riverside County’s pension costs could rise $303.4 million by 2023 (Riverside Press Enterprise)

National Stories

A Week About Saving…But Are We? (Huffington Post)

Top pension plan may change to 401(k)-style plan (CalPensions)

Kentucky taxpayers should question GOP pension plan. Here’s why. (Lexington Herald Leader)

A student’s guide to the pension crisis (Kentucky Kernel)

OPINION: Kentucky Pension Plan Keeps Promises (Western Kentucky Star)

Rauner looks to Washington for the power to change pension benefits (Journal Star)

EDITORIAL Emanuel’s challenges are far from over (Crain’s Chicago Business)

Cannabis Taxes Save Government Pensions and Schools (Chicago Now)



Virginia budget will need extra $491.8 million to fund K-12 costs (Richmond Times-Dispatch)

October 20, 2017

California Stories

Coffee and Conversation with Mayor Velasco a spirited success (Gilroy Dispatch)

Letters: Janus vs. ASFCME + Pension costs + Anthem debate + Abuse of power (Sacramento Bee)

National Stories

Your pension fund could be invested in tech (Marketplace)

Bevin: Bill will keep pensions for current workers (Messenger-Inquirer)

Why Maine should support a constitutional amendment to stabilize public employee pensions (Bangor Daily News)

Despite strong markets, state pension fund still short $5 billion (Santa Fe New Mexican)

SWEENEY: Quarterly pension payments good for taxpayers (App (NJ)

Answers to Your Biggest Questions For the Next NJ Governor (WNYC)

Nevada will lower assumption for public pension plans (Las Vegas Review Journal)

October 19, 2017

California Stories

Democrats Helping a Public Pension Foe (Fox & Hounds)

National Stories

State pension funds continue to fall behind. Here’s how much you owe (CNBC)

Kentucky pension crisis: Bevin proposal would move workers to 401(k)-like plans (Courier Journal)

Kentucky pension crisis: Here are 10 quick takeaways from Gov. Matt Bevin’s reform plan (Courier Journal)

Highlights of Governor, Republican Plan to Address Kentucky Pensions (The River City News)

Board votes to cut Ohio public employee pension benefits (Columbus Dispatch)

Guadagno and Murphy resume attacks in last debate before governor’s election (North Jersey)

Stile: NJ governor candidates prefer soundbites to substance while problems loom (North Jersey)


October 18, 2017

California Stories

OPINION Pension debt will force cuts to government services (OC Register)

Whoa! Riverside County has almost $3 billion of unfunded pensions (My News LA)

Marin County pension contributions to rise (Marin Independent Journal)

Palo Alto tries to get a grip on pension problem (Palo Alto Online)

National Stories

As NJEA continues fight with Sweeney, AFT gives endorsement (NJTV)

Specter of Corporate Exodus Leaves Connecticut Budget in Crisis (Bloomberg)

Nevada retirement system to consider rare change (Las Vegas Review Journal)

Will pension reforms make it into next state budget? (Journal Inquirer (Conn.)


October 17, 2017

California Stories

Manteca general fund has no debt (Manteca Bulletin)

National Stories

Report says Kentucky’s proposed pension ‘reforms’ could make everything worse (Lexington Herald Leader)

Where’s the moral leadership in Kentucky’s fiscal crisis? (Lexington Herald Leader)

The definition of insanity and Kentucky’s pension crisis (The State Journal)

Public Employees Plead with Ken. Governor to Leave Pensions Alone (Public News Service)

Editorial: Is GOP saddling a stalking horse on pensions? (The Morehead News (Ken.)

NJ Election: Increase sales tax to end state budget woes? (App)

‘Bare bones’ from Malloy (Hartford Journal Inquirer)

PERA officials talk about pension changes (The Daily Sentinel (Colo.)

After Several Major Tax Increases, Connecticut Still Can’t Make Ends Meet (Reason)


October 16, 2017

California Stories

A pending Supreme Court case threatens to silence workers’ voices (Sacramento Bee)

California cities get next year’s pension bill. ‘It’s not sustainable,’ Sacramento official says (Sacramento Bee)
David Crane: A Tale Of Two Headlines (Fox & Hounds)
Cities face seven years of growing CalPERS costs (Calpensions)
Vacaville seeks to cope with rising pension costs (Fairfield Daily Republic)
Fairfield projects Police Managers Association pact to cost $1.3M (Fairfield Daily Republic)

‘Behind the Headlines’: Palo Alto’s pension problem (Palo Alto Online)

Cit financial crisis looming (Madera Tribune)

National Stories

Saving PERA and securing pension retirements is critical for the entire state (Denver Post)

BARNES: Time to separate CERS from KRS (Richmond Register (Kentucky)


October 13, 2017

California Stories

California cities get next year’s pension bill. ‘It’s not sustainable,’ Sacramento official says (Sacramento Bee)

Ballooning pension costs mean LAUSD and other California school districts are headed for cuts, Stanford study says (LA School Report)

City service reductions, school cuts loom as the state pension crisis hits SLO County (SLO New Times)

National Stories

Kentucky Retirees Grow as Special Pension Session Is Pushed Backc (Chief Investment Officer)

Kentucky pension crisis: More public employees are retiring as Gov. Bevin works on reform (Kentucky New Era)


Upstate lawyer middle man for veteran pension scheme, says lawsuit (WSPA)

October 12, 2017

California Stories

Pensions vs. Split Roll (Fox & Hounds)

No Coercing State to Reform Pension Funds (American Spectator)

City service reductions, school cuts loom as the state pension crisis hits SLO County (SLO New Times)

Forget the scary pension future; study confirms the crisis is hitting now (R Street)

National Stories

Kentucky’s pension crisis threatens state funding (WLKY)

How to fund teacher pensions, improve education without new taxes (Journal Inquirer (Connecticut)

Vote ‘yes’ to yank pensions from corrupt politicians: Editorial (Poughkeepsie Journal)

Pennsylvania Public School Employees returns 10.14% for fiscal year (Pensions & Investments)

Iowa pension puts managers on chopping block (Institutional Investor)

October 11, 2017

California Stories

Tax board leader urged quick hiring to get state workers better pensions (Sacramento Bee)

Councilman asks city to meet with Vacaville employees about benefits (Fairfield Daily Republic)

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)

California Treasurer Urges CalSTRS to Drop Gun Sellers (Chief Investment Officer)

National Stories

PERA reforms explained: What’s at stake in Colorado’s $32 billion pension problem (Denver Post)

GOP lawmakers spend hours debating pension reform. Public workers still in the dark. (Lexington Herald Leader)

OP-ED On pensions, Kentucky should heed W. Virginia’s hard-learned lessons (Lexington Herald Leader)

October 10, 2017

California Stories

New Stanford University Study Reveals California Pension Crisis is Bad Now, But Likely to Get A Lot Worse (Fox & Hounds)

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)

University of California hands out massive pensions, hits students with higher tuition (The College Fix)

Lack of Funding for UC Pensions May Prompt Tuition Increase (UCSD Guardian)

National Stories

Will the Supreme Court Unravel Public Employee Unions? (The Atlantic)

Worried about possible retirement changes? 3 pieces of advice from a federal financial planner (Federal News Radio)

Florida pension numbers increase state budget pressure (Herald-Tribune)

The Ticking Time Bomb Faced by Next NJ Governor (WNYC)

Murphy’s a Corzine accident waiting to happen; Big promises to all but N.J. homeowners (

Vote No on Constitutional Convention (The Island Now)

New Mexico state pension funds expected to fall short of 2013 goals (AP)

Morning Word: State Pensions in Trouble (Santa Fe Reporter)

Corporate DC matching ‘penalizes the poor,’ keynote speaker says (Pensions & Investments)

Keshav Tadimeti: UC tuition increase will fund faculty pensions, but with good reason (Daily Bruin)