July 21, 2017

California Stories

OPINION CalPERS gains great, but far from sufficient (OC Register)
http://www.ocregister.com/2017/07/20/calpers-gains-great-but-far-from-sufficient/

CalSTRS annual returns jump to 13.4 percent from 1.4 percent (Reuters)
http://www.reuters.com/article/us-california-calstrs-returns-idUSKBN1A52DJ

Teachers’ pension fund posts highest returns since 2014 (Sacramento Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article162679638.html

LADWP retirees bring in bigger pensions than city, county workers, audit says (LA Daily News)
http://www.dailynews.com/government-and-politics/20170720/ladwp-retirees-bring-in-bigger-pensions-than-city-county-workers-audit-says

Terry McLaughlin: Dramatic change needed in University of California system (The Union)
http://www.theunion.com/opinion/terry-mclaughlin-dramatic-change-needed-in-university-of-california-system/

CalPERS Throws its Weight Around to Make the World a Better Place (Comstock’s)
https://www.comstocksmag.com/web-only/calpers-throws-its-weight-around-make-world-better-place

National Stories

Miami police rack up favorable rulings after high court decision on cuts to pay, pensions (Miami Herald)
http://www.miamiherald.com/news/local/community/miami-dade/article162789343.html

Connecticut Sinks Deeper in Debt (Bloomberg)
https://www.bloomberg.com/news/articles/2017-07-20/connecticut-sinks-deeper-in-debt-as-pension-returns-lag-target

 

July 20, 2017

California Stories

Editorial: CalPERS gains great, but far from sufficient (LA Daily News)
http://www.dailynews.com/opinion/20170719/calpers-gains-great-but-far-from-sufficient

Costa Mesa Council approves sober-living permit, moves forward with talk on fire management pay (OC Register)
http://www.ocregister.com/2017/07/19/costa-mesa-council-approves-sober-living-permit-moves-forward-with-talk-on-fire-management-pay/

Unbalanced budget threatens LVUSD schools (The Acorn)
http://www.theacorn.com/news/2017-07-20/Front_Page/Unbalanced_budget_threatens_LVUSD_schools.html

 

National Stories

Lifting the state of siege on public-sector pension plans (Pensions & Investments)
http://www.pionline.com/article/20170719/ONLINE/170719818/lifting-the-state-of-siege-on-public-sector-pension-plans

Connecticut Sinks Deeper in Debt (Bloomberg)
https://www.bloomberg.com/news/articles/2017-07-20/connecticut-sinks-deeper-in-debt-as-pension-returns-lag-target

Idaho Public Employee fund returns 12.7% gross in fiscal year (Pensions & Investments)
http://www.pionline.com/article/20170719/ONLINE/170719799/idaho-public-employee-fund-returns-127-gross-in-fiscal-year

Arizona mayors call on Ducey to push overhaul of financially fragile public-safety pension system (AZ Central)
http://www.azcentral.com/story/news/local/arizona-investigations/2017/07/19/arizona-mayors-lawmakers-want-fixes-fragile-police-fire-pensions/486170001/

July 19, 2017

California Stories

CalPERS says considering making own private equity investments (Reuters)
http://www.reuters.com/article/california-calpers-privateequity-idUSL3N1K923D?feedType=RSS&feedName=marketsNews

Department of Water and Power Paid Out $435 Million in Pension Benefits Last Year (Westside Today)
http://westsidetoday.com/2017/07/18/department-of-water-and-power-paid-out-435-million-in-pension-benefits-last-year/

National Stories

Campaign Urges U.S. Public Pension Funds to Divest From Owner of Trump Hotel (Reuters)
https://www.nytimes.com/reuters/2017/07/19/business/19reuters-usa-trump-divestiture.html

Maryland Democrat wants to bring retirement contribution back to 2012 levels for all feds (Federal News Radio)
https://federalnewsradio.com/legislation/2017/07/maryland-democrat-wants-to-bring-retirement-contribution-back-to-pre-2012-levels-for-all-feds/

Proposed legislation would open up records on federal pension recipients (Colorado Watchdog)
http://watchdog.org/293976/proposed-legislation-open-records-federal-pension-recipients/

Reynolds backs IPERS study, but task force is dropped (Des Moines Register)
http://www.desmoinesregister.com/story/news/2017/07/18/reynolds-backs-ipers-study-but-task-force-dropped/487913001/

July 18, 2017

California Stories

Op-Ed: If someone tells you your kid’s teacher would be better off with a 401(k) than a pension, don’t believe it (LA Times)
http://www.latimes.com/opinion/op-ed/la-oe-nari-rhee-teacher-pensions-20170718-story.html

Before CalPERS can save the world, public workers want it to save their pensions (Sac Bee)
http://www.sacbee.com/news/politics-government/the-state-worker/article161772508.html

LADWP paid out $435 million in pension benefits last year, watchdog says (LA Daily News)
http://www.dailynews.com/business/20170717/ladwp-paid-out-435-million-in-pension-benefits-last-year-watchdog-says

Shocking New Report: DWP Trio Cleared Over $1 Million in Pension Pay (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13604-shocking-new-report-dwp-trio-cleared-over-1-million-in-pension-pay

Rising public pensions costs could hinder Bakersfield’s ability to keep up with growing public needs (Bakersfield Californian)
http://www.bakersfield.com/news/rising-public-pensions-costs-could-hinder-bakersfield-s-ability-to/article_5e47a0c0-2553-501a-a7dc-85b617c1f07d.html

CalPERS Says Considering Making Own Private Equity Investments (Reuters)
https://www.nytimes.com/reuters/2017/07/18/business/18reuters-california-calpers-privateequity.html

 

National Stories

401(k)s not the answer for Kentucky pensions | Ron Richmond (Courier-Journal)
http://www.courier-journal.com/story/opinion/contributors/2017/07/17/401-k-s-not-answer-kentucky-pensions-ron-richmond/486112001/

Mounting tax burden called no match for soaring pension debt in Illinois (Sangamon Sun)
http://sangamonsun.com/stories/511115877-mounting-tax-burden-called-no-match-for-soaring-pension-debt-in-illinois

 

July 14, 2017

California Stories

County pension adjustment will cost local agencies $20 million (Bakersfield Californian)
http://www.bakersfield.com/news/county-pension-adjustment-will-cost-local-agencies-million/article_6ffb79b9-8d7c-5760-9151-ccdc84362235.html

Public Sector Payouts Pose a Risky Burden (Laguna Beach Indy)
http://www.lagunabeachindy.com/public-sector-payouts-pose-risky-burden/

California Still Facing Pension Crisis Even With Good Stock Market Returns (Reason)
http://reason.com/archives/2017/07/14/dont-let-unions-use-good-returns-to-defl

 

National Stories

Changes to Michigan’s teacher retirement system signed into law by Gov. Snyder (Michigan Live)
http://www.mlive.com/news/index.ssf/2017/07/changes_to_michigans_teacher_r.html

With teacher pension changes signed into law, Legislature wants more benefit changes (Detroit Free Press)
http://www.freep.com/story/news/politics/2017/07/13/teacher-pension-changes-michigan/477088001/

Snyder signs Michigan teacher retirement reforms (The Detroit News)
http://www.detroitnews.com/story/news/politics/2017/07/13/school-pension-reform/103662102/

Michigan governor signs pension reform bill (Pensions & Investments)
http://www.pionline.com/article/20170713/ONLINE/170719892/michigan-governor-signs-pension-reform-bill

Editorial: Illinois pension woes coming to a state near you (USA Today)
http://www.news-press.com/story/opinion/2017/07/13/editorial-illinois-pension-woes-coming-state-near-you/476021001/

Divest City Pensions From Fossil Fuels? Nope, Says Retirement Board (Seattle Weekly)
http://www.seattleweekly.com/news/divest-city-pensions-from-fossil-fuels-nope-says-retirement-board/

July 13, 2017

California Stories

Real time bomb is public pensions (Half Moon Bay Review)
http://www.hmbreview.com/opinion/letters_to_editor/real-time-bomb-is-public-pensions/article_b2b77ba0-6742-11e7-9e27-bf5f535ce5ca.html

 

National Stories

This is one pension reform that’s going to take time: Opinion (Penn Live)
http://www.pennlive.com/opinion/2017/07/this_is_one_pension_reform_tha.html

Is IPERS fair to the Iowa taxpayers? (Des Moines Register)
http://www.desmoinesregister.com/story/opinion/readers/2017/07/13/ipers-fair-iowa-taxpayers/469775001/

PENSION ISSUE SURREPTITIOUSLY DRIVES NEW YORK CONCON POLITICS (City & State NY)
http://cityandstateny.com/articles/opinion/pension-issue-drives-new-york-concon-politics.html

Ron DeSantis: Time to Make Federal Pension Information Public (Sunshine State News)
http://www.sunshinestatenews.com/story/ron-desantis-time-make-federal-pension-information-public

 

July 11, 2017

California Stories

California Cuts Services, Staff to Pay Pension Costs (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13572-california-cuts-services-staff-to-pay-pension-costs

Voter generosity helped SF pile up huge pension tab (San Francisco Chronicle)
http://www.sfchronicle.com/bayarea/matier-ross/article/Voter-generosity-helped-SF-pile-up-huge-pension-11276095.php

WILL CALPERS BE THE END OF CALIFORNIA? (Norcal News)
http://www.norcal.news/news/23872-will-calpers-be-end-california

SHOULD CALIFORNIA PENSIONS BE MORE IN LINE WITH PRIVATE SECTOR? (Norcal News)
http://norcal.news/news/23867-should-california-pensions-be-more-line-private-sector

Why and how La Verne is tightening its financial belt (Inland Valley Daily Bulletin)
http://www.dailybulletin.com/government-and-politics/20170710/why-and-how-la-verne-is-tightening-its-financial-belt

 

National Stories

Op-ed: Illinois’s concocted budget crisis a red flag for all pension holders (The Hill)
http://thehill.com/blogs/pundits-blog/economy-budget/341311-illinois-concocted-budget-crisis-a-red-flag-for-all-pension

State budget struggles affect workers: Four now solved – even Illinois (People’s World)
http://www.peoplesworld.org/article/state-budget-struggles-affect-workers-four-now-solved-even-illinois/

Pension funds request more transparency from companies’ workforce disclosures (Reuters)
http://www.reuters.com/article/us-usa-sec-regulation-idUSKBN19V282

July 10, 2017

California Stories

Old cause of pension debt gets new attention (Calpensions)
https://calpensions.com/2017/07/10/old-cause-of-pension-debt-gets-new-attention/

The Great California Classroom Robbery (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/great-california-classroom-robbery/

Despite Budget Action, Much Work Remains to Solve State’s Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/despite-budget-action-much-work-remains-solve-states-pension-crisis/

California public pensions are not bullet proof (Cal Coast News)
https://calcoastnews.com/2017/07/california-public-pensions-not-bullet-proof/

Will California’s overbearing teacher’s union bankrupt the state? (California Blog)
http://californiablog.org/content/will-californias-overbearing-teachers-union-bankrupt-state

How Pomona Unified is dealing with a lean budget and what it means to the students (Inland Valley Daily Bulletin)
http://www.dailybulletin.com/social-affairs/20170709/how-pomona-unified-is-dealing-with-a-lean-budget-and-what-it-means-to-the-students

 

National Stories

Mark Patinkin: If not for Raimondo, R.I. could have shared Illinois’ fate (Providence Journal)
http://www.providencejournal.com/news/20170708/mark-patinkin-if-not-for-raimondo-ri-could-have-shared-illinois-fate

Pension system perks cost taxpayers $23 million a year (Las Vegas Review-Journal)
https://www.reviewjournal.com/news/politics-and-government/nevada/pension-system-perks-cost-taxpayers-23-million-a-year/

It’s live: Oregon launches plan for private sector (Pensions & Investments)
http://www.pionline.com/article/20170710/PRINT/170719988/its-live-oregon-launches-plan-for-private-sector

Private equity’s other transparency problem (Institutional Investor)
http://www.institutionalinvestor.com/article/3731704/asset-management-equities/private-equitys-other-transparency-problem.html#.WWL-bBPyv6Y

 

 July 7, 2017

California Stories

Despite Budget Action, Much Work Remains to Solve State’s Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/07/despite-budget-action-much-work-remains-solve-states-pension-crisis/

New sales tax helps keep Santa Paula afloat (Ventura County Star)
http://www.vcstar.com/story/news/local/communities/santa-paula/2017/07/06/new-sales-tax-helps-keep-santa-paula-afloat/452812001/

Letter: Public employee unions take advantage of citizens (Oroville MR)
http://www.orovillemr.com/opinion/20170705/letter-public-employee-unions-take-advantage-of-citizens

Letters to the Editor Public sector employees more than recover their lower salaries in retirement (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-mailbag-saturday-20170708-story.html

Opinion: California legislators should not mistake their anti-Trump animus for good governance (LA Times)
http://www.latimes.com/opinion/readersreact/la-ol-le-california-anti-trump-budget-20170706-story.html

 

National Stories

State Pension Crisis Leading To High-Tax Exodus (Value Walk)
http://www.valuewalk.com/2017/07/state-pension-crisis-leading-high-tax-exodus/

Our Editorial: State isn’t done with pension reform (The Detroit News)
http://www.detroitnews.com/story/opinion/editorials/2017/07/06/pension-reform/103487026/

Letter: End public pensions in Illinois (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/letters/ct-illinois-pension-debt-20170706-story.html

 

July 6, 2017

California Stories

OPINION Moving toward a better retirement system for government and private-sector workers (OC Register)
http://www.ocregister.com/2017/07/05/moving-toward-a-better-retirement-system-for-government-and-private-sector-workers/

Illinois at the brink: Parallel should give Californians pause (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-illinois-california-pension-crisis-parallel-20170705-story.html

Letter: Public employee unions take advantage of citizens (Chico Enterprise Record)
http://www.chicoer.com/opinion/20170705/letter-public-employee-unions-take-advantage-of-citizens

Borenstein: Plea deal protected felon DA’s pension (East Bay Times)
http://www.eastbaytimes.com/2017/07/05/borenstein-plea-deal-protected-felon-das-pension/

School district plans for cuts (Tracy Press)
http://www.goldenstatenewspapers.com/tracy_press/news/school-district-plans-for-cuts/article_831cd0cc-61aa-11e7-8040-eff71e860359.html

 

National Stories

Letter: ‘Illinois math’ has led to chronic underfunding of teacher pensions (Chicago Tribune)
http://www.chicagotribune.com/news/opinion/letters/ct-illinois-taxes-teacher-pensions-20170705-story.html

Our view: Ill. tax increase won’t solve state’s problems (Northwest Herald)
http://www.nwherald.com/2017/07/05/our-view-tax-increase-wont-solve-states-problems/anmeh4/

Nevada pension fund shows double-digit growth (Las Vegas Review-Journal)
https://www.reviewjournal.com/local/local-nevada/nevada-pension-fund-shows-double-digit-growth/

Flagstaff meeting on public safety pension inconclusive (Arizona Daily Sun)
http://azdailysun.com/news/local/flagstaff-meeting-on-public-safety-pension-inconclusive/article_00f588ca-c9c1-5099-86e4-1e09b8f04f2e.html

GOV TOUTS LOTTERY AS ANSWER TO NJ’S PENSION PROBLEMS, BUT CRITICS DERIDE PLAN (NJ Spotlight)
http://www.njspotlight.com/stories/17/07/05/christie-touts-lottery-transfer-as-answer-to-state-s-pension-problems-but-critics-deride-plan/

Legal malpractice suit on multiemployer pension fund liability can proceed (Benefits Pro)
http://www.benefitspro.com/2017/07/05/legal-malpractice-suit-on-multiemployer-pension-fu

July 3, 2017

California Stories

A Union Continues Misinformation Campaign on Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/06/union-continues-misinformation-campaign-pension-crisis/

K-12: ‘Tidal wave of expenses’ in looming California school budget crisis (San Jose Mercury News)
http://www.mercurynews.com/2017/07/02/tidal-wave-of-expenses-in-looming-california-school-budget-crisis/

Gov. Jerry Brown’s wall of debt has crumbled, but there are more walls behind it (LA Times)
http://www.latimes.com/politics/la-pol-ca-road-map-jerry-brown-budget-wall-of-debt-20170702-story.html

 

San Francisco pension debt not curbed by voters (Calpensions)
https://calpensions.com/2017/07/03/san-francisco-pension-debt-not-curbed-by-voters/

Costa Mesa Sanitary District pays off entire unfunded pension liability (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-cmsd-pensions-20170630-story.html

Local cities’ pension payment plans draw optimism and doubts (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pensions-reactions-20170630-story.html

 

National Stories

Still no movement in NJ budget standoff (Burlington County Times)
http://www.burlingtoncountytimes.com/news/local/still-no-movement-in-nj-budget-standoff/article_74a9b578-5eb7-11e7-a5e2-53417f52d2b4.html

Michigan pension reform bill sent to governor (Pensions & Investments)
http://www.pionline.com/article/20170630/ONLINE/170639999/michigan-pension-reform-bill-sent-to-governor

Michigan’s Pension Reforms Are Kind of a Big Deal (Reason)
http://reason.com/blog/2017/06/30/michigans-pension-reforms-are-kind-of-a

Editorial: As Illinois Goes Bankrupt, Michigan Embraces Bold Pension Reforms (Investor’s Business Daily)
http://www.investors.com/politics/editorials/michigan-just-prevented-a-fiscal-crisis-are-other-states-paying-attention/

Pension transparency: Uncle Sam needs to catch up with New York (New York Post)
http://nypost.com/2017/07/02/pension-transparency-uncle-sam-needs-to-catch-up-with-new-york/

June 30, 2017

California Stories

A Union Continues Misinformation Campaign on Pension Crisis (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/06/union-continues-misinformation-campaign-pension-crisis/

LETTERS TO THE EDITOR: CalPERS pension debt is a threat to workers and retirees (Sac Bee)
http://www.sacbee.com/opinion/letters-to-the-editor/article158895329.html

Unfunded pension liability presents grave risk for all (Half Moon Bay Review)
http://www.hmbreview.com/opinion/unfunded-pension-liability-presents-grave-risk-for-all/article_3f905680-5c2d-11e7-9d27-a362c84a35dd.html

Ex-RPD Chief Paoletti’s departure cost Redding $140,000 (Redding Record Searchlight)
http://www.redding.com/story/news/local/2017/06/30/ex-rpd-chief-paolettis-departure-cost-redding-140-000/434205001/

National Stories

Why state workers’ paychecks will shrink starting Saturday (The State)
http://www.thestate.com/news/politics-government/article158900174.html

NJ government shutdown threat grows as Assembly vote fails (Burlington County Times)
http://www.burlingtoncountytimes.com/news/local/shutdown-threat-grows-as-assembly-speaker-reiterates-he-won-t/article_17deb392-5cf6-11e7-83e4-bf8d511b6ef2.html

Michigan’s Pension Reforms Are Kind of a Big Deal (Reason)
http://reason.com/blog/2017/06/30/michigans-pension-reforms-are-kind-of-a

June 29, 2017

California Stories

Supreme Court takes on case on state courts hearing investor lawsuits (Pensions & Investments)
http://www.pionline.com/article/20170628/ONLINE/170629804/supreme-court-takes-on-case-on-state-courts-hearing-investor-lawsuits

Walters: Union-backed bills undermine collective bargaining (CalMatters)
http://www.fresnobee.com/news/politics-government/politics-columns-blogs/political-notebook/article158746864.html

National Stories

Could Pennsylvania’s state pension funds actually help solve the budget deficit? (Penn Live)
http://www.pennlive.com/news/2017/06/could_the_state_pension_funds.html

Illinois House Approves Workers’ Comp Bill, Pension Programs (AP)
http://peoriapublicradio.org/post/house-approves-workers-comp-bill-pension-programs#stream/0

The Pensions Stranglehold: Financial Advisors’ Daily Digest (Seeking Alpha)
https://seekingalpha.com/article/4084550-pensions-stranglehold-financial-advisors-daily-digest

June 28, 2017

Featured Stories

Yvonne Walker: Let’s not be as shortsighted on pensions as on drought (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article158231604.html

 

California Stories

How 5 O.C. cities are working to pull down the rising cost of a pension ‘mess’ (LA Times)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pensions-package-20170623-story.html

CalPERS just lost a lawsuit at the U.S. Supreme Court. That decision will cost retirees (Sacramento Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article158498169.html

Mesa Water estimated $9 million savings over decade; plans to eliminate unfunded pension debt (OC Register)
http://www.ocregister.com/2017/06/27/mesa-water-estimated-9-million-savings-over-decade-plans-to-eliminate-unfunded-pension-debt/

 

National Stories

Pension Crisis Reaching a Tipping Point (Value Walk)
http://www.valuewalk.com/2017/06/public-pension-obligations/

OPINION Make federal pensions transparent (Washington Examiner)
http://www.washingtonexaminer.com/make-federal-pensions-transparent/article/2627070

PERA finances hit “critical juncture” as unfunded liabilities top $32 billion (Denver Post)
http://www.denverpost.com/2017/06/27/pera-funding-unfunded-liabilities/

A snapshot of the stranglehold that government pensions have on Illinois (Chicago Now)
http://www.chicagonow.com/dennis-byrnes-barbershop/2017/06/a-snapshot-of-the-strangle-hold-that-government-pensions-have-on-illinois/

Letter: Pension reforms support learning (The Detroit News)
http://www.detroitnews.com/story/opinion/2017/06/28/tedder-clarkston-teachers-retirement-reform-pension/103240870/

June 27, 2017

Featured Stories

Yvonne Walker: Let’s not be as shortsighted on pensions as on drought (Sacramento Bee)
http://www.sacbee.com/opinion/op-ed/soapbox/article158231604.html

California Stories

Santa Monica Agrees to Fund CalPERS $45 Million (Chief Investment Officer)
https://www.ai-cio.com/news/santa-monica-agrees-fund-calpers-45-million/

LA Has a Pension Contribution Crisis, Continued ‘Managerial Ignorance’ Won’t Fix It (City Watch)
http://www.citywatchla.com/index.php/la-watchdog/13494-la-has-a-pension-contribution-crisis-continued-managerial-ignorance-won-t-fix-it

U.S. top court buries CalPERS lawsuit over Lehman collapse (Reuters)
https://www.reuters.com/article/us-usa-court-calpers-idUSKBN19H1N8

Supreme Court rejects CalPERS class-action argument (Pensions & Investments)
http://www.pionline.com/article/20170626/ONLINE/170629865/supreme-court-rejects-calpers-class-action-argument

National Stories

Stakeholders give their views on pension reforms (Courier Journal (Ken.)
http://www.courier-journal.com/story/news/politics/2017/06/26/stakeholders-give-their-views-pension-reforms/421347001/

 

June 26, 2017

California Stories

When will Supreme Court rule on pension cuts? (Calpensions)
https://calpensions.com/2017/06/26/when-will-supreme-court-rule-on-pension-cuts/

OPINION: Meaningful pension reform needed (OC Register)
http://www.ocregister.com/2017/06/25/meaningful-pension-reform-needed/

Commentary: Lawmakers should support plan to give Americans retirement security (San Diego Union Tribune)
http://www.sandiegouniontribune.com/opinion/commentary/sd-utbg-retirement-security-california-20170623-story.html

OPINION: Public employee $100k club grows (OC Register)
http://www.ocregister.com/2017/06/25/public-employee-100k-club-grows/

Why Redlands is preparing for an increase in pension contributions (Redlands Daily Facts)
http://www.redlandsdailyfacts.com/government-and-politics/20170624/why-redlands-is-preparing-for-an-increase-in-pension-contributions

How 5 O.C. cities are working to pull down the rising cost of a pension ‘mess’ (Daily Pilot)
http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-pensions-package-20170623-story.html

CalPERS is a less competitive PE investor because of its strong stance on fees and expenses (PE Hub Network)

https://www.pehub.com/2017/06/calpers-is-a-less-competitive-pe-investor-because-of-its-strong-stance-on-fees-and-expenses/#

Santa Clarita Financial Advisor: California’s Pension Crisis (KHTS)
http://www.hometownstation.com/santa-clarita-news/arif-halaby-total-financial-solutions/santa-clarita-financial-advisor-californias-pension-crisis-197289

 

National Stories

Report: Colorado pension fund liabilities up 20 percent (AP)
http://www.thedenverchannel.com/news/front-range/denver/report-colorado-pension-fund-liabilities-up-20-percent

The new PERA numbers show more trouble for Colorado public pension fund (Denver Post)
http://www.denverpost.com/2017/06/23/pera-colorado-annual-report-pension/

Editorial: The meltdown in Illinois (Providence Journal)
http://www.providencejournal.com/opinion/20170625/editorial-meltdown-in-illinois

Pennsylvania points way for Illinois pension fix, analyst says (Sangamon Sun)
http://sangamonsun.com/stories/511131591-pennsylvania-points-way-for-illinois-pension-fix-analyst-says

The slow road to state pension reform (Pensions & Investments)
http://www.pionline.com/article/20170626/ONLINE/170629876/the-slow-road-to-state-pension-reform

Public fund trustees facing host of difficult challenges (Pensions & Investments)
http://www.pionline.com/article/20170626/ONLINE/170629883/public-fund-trustees-facing-host-of-difficult-challenges

June 23, 2017

California Stories

Is California Budget as ‘Balanced and Progressive’ as Gov. Brown Suggests? (Fox & Hounds)
http://www.foxandhoundsdaily.com/2017/06/california-budget-balanced-progressive-gov-brown-suggests/

Pension Pomperipossa: Destroying California’s Cities (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13460-pension-pomperipossa-destroying-california-s-cities

OPINION Assembly Bill 20 would worsen California’s public pension crisis (OC Register)
http://www.ocregister.com/2017/06/23/assembly-bill-20-would-worsen-californias-public-pension-crisis/

Westminster’s Sales Tax Increase Offers Reprieve From Crisis (Voice of OC)
http://voiceofoc.org/2017/06/westminsters-sales-tax-increase-offers-reprieve-from-crisis/

Santa Maria City Will Ask Workers To Take Time Off Without Pay (Noozhawk)
https://www.noozhawk.com/article/santa_maria_city_will_ask_workers_to_take_time_off_without_pay

National Stories

The Pension Treadmill Is Accelerating—And Governments Can’t Possibly Keep Up (The American Interest)
https://www.the-american-interest.com/2017/06/22/the-pension-treadmill-is-acelerating-and-governments-cant-possibly-keep-up/

Most Public Pensions Received Insufficient Employer Contributions (Plan Sponsor)
http://www.plansponsor.com/Most-Public-Pensions-Received-Insufficient-Employer-Contributions/

No easy way to measure federal employee compensation, CBO says (Federal News Radio)
https://federalnewsradio.com/pay-benefits/2017/06/no-easy-way-to-measure-federal-employee-compensation-cbo-says/

No new corporate tax this year, Democratic legislators concede (Eugene Register Guard)
http://registerguard.com/rg/news/local/35700817-75/no-new-corporate-tax-this-year-democratic-leaders-concede.html.csp

June 22, 2017

California Stories

John Chiang: CalPERS can send a strong message to Trump (Sacramento Bee)
http://www.fresnobee.com/opinion/opn-columns-blogs/article157361009.html

OPINION Illinois’ fiscal mess is all too familiar to Californians (OC Register)
http://www.ocregister.com/2017/06/21/illinois-fiscal-mess-is-all-too-familiar-to-californians/

Southern California firefighters pull in a quarter-million dollars in overtime, and then some (OC Register)
http://www.ocregister.com/2017/06/21/southern-california-firefighters-pull-in-a-quarter-million-dollars-in-overtime-and-then-some/

Distressed City Exits Bankruptcy, But More Distress Ahead (American Spectator)
https://spectator.org/distressed-city-exits-bankruptcy-but-more-distress-ahead/

 

National Stories

The $4 Trillion Pension Problem (Bloomberg)
https://www.bloomberg.com/news/articles/2017-06-21/-4-trillion-pension-problem-doubles-as-a-credit-trade

Public pension liabilities vastly outpacing contributions despite higher payments — report (Pensions & Investments)
http://www.pionline.com/article/20170621/ONLINE/170629952/public-pension-liabilities-vastly-outpacing-contributions-despite-higher-payments-8212-report

How a long term approach boosts returns (Institutional Investor)
http://www.institutionalinvestor.com/article/3727130/investors-pensions/how-a-long-term-approach-boosts-returns.html#.WUteWxPyv6Y

New York City’s Slowly Sinking Pensions Are Taking on More Water (Reason)
http://reason.com/blog/2017/06/21/new-york-city-pension-crisis-report

CALPERS ASSUMES LOWER RETURNS (Top 1000 Funds)
https://www.top1000funds.com/profile/2017/06/22/calpers-assumes-lower-returns/

June 21, 2017

California Stories

Pay raises for CalPERS top brass on deck (Sac Bee)
http://www.sacbee.com/news/politics-government/capitol-alert/article157074434.html

CalPERS board approves potential raises for investment team (Institutional Investor)
http://www.institutionalinvestor.com/article/3726858/asset-management-macro/calpers-board-approves-potential-raises-for-investment-team.html#.WUoF3BPyv6Y

El Cajon warned at budget time about revenue forecast (San Diego Union Tribune)
http://www.sandiegouniontribune.com/communities/east-county/sd-se-elcajon-budget-20170613-story.html

 

National Stories

DO TEACHERS PENSIONS NEED TRUMPIAN NEGOTIATORS? (All About Alpha)
http://www.allaboutalpha.com/blog/2017/06/20/do-teachers-pensions-need-trumpian-negotiators/

Teacher retirement overhaul heads to Snyder (The Detroit News)
http://www.detroitnews.com/story/news/politics/2017/06/20/teacher-pensions-snyder/103043724/

Chicago Public Schools borrows $275M to fulfill pension duty (The Times)
http://www.mywebtimes.com/news/local/chicago-public-schools-borrows-m-to-fulfill-pension-duty/article_3b603ce1-902a-5f6a-b0de-b13db3d84efc.html

June 20, 2017

California Stories

California’s boldest pension reform, five years in (Capitol Weekly)
http://capitolweekly.net/californias-boldest-pension-reform-five-years/

Editorial: It’s one thing to back labor. But Treasurer Chiang’s CalPERS proposal goes too far. (Sac Bee)
http://www.sacbee.com/opinion/editorials/article156691769.html

CalPERS pension fund to review private equity investments (Reuters)
https://www.reuters.com/article/california-calpers-privateequity-idUSL1N1JG0XQ

CalPERS CIO looking at possible drastic cuts to private equity, citing transparency (Pensions & Investments)
http://www.pionline.com/article/20170619/ONLINE/170619871/calpers-cio-looking-at-possible-drastic-cuts-to-private-equity-citing-transparency

National Stories

Done: With School Pension Reform, State’s Big Pension Liabilities Contained (Michigan Capitol Confidential)
https://www.michigancapitolconfidential.com/done-with-school-pension-reform-states-big-pension-liabilities-contained

June 16, 2017

California Stories

Borrowing to Fund Pensions Could Make California the Next Puerto Rico (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13427-borrowing-to-fund-pensions-could-make-california-the-next-puerto-rico

OPINION Unions try to make it harder for local governments to make pension payments (OC Register)
http://www.ocregister.com/2017/06/16/unions-try-to-make-it-harder-for-local-governments-to-make-pension-payments/

California Public Employees Retirement System speaks on defending system from ‘pension spiking’ (Northern California Record)
http://norcalrecord.com/stories/511126373-california-public-employees-retirement-system-speaks-on-defending-system-from-pension-spiking

City Council Approves Record Payment Toward Santa Monica’s Unfunded Employee Pensions (Santa Monica Lookout)
http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/June-2017/06_15_2017_City_Council_Approves_Record_Payment_Toward_Santa_Monicas_Unfunded_Employee_Pensions.html

Pension costs continue to burden city budget (Simi Valley Acorn)
http://www.simivalleyacorn.com/news/2017-06-16/Front_Page/Pension_costs_continue_to_burden_city_budget.html

 

National Stories

Public worker unions not sold on Christie’s lottery-pension fix (NJ.com)
http://www.nj.com/politics/index.ssf/2017/06/public_labor_unions_not_sold_on_christies_lottery-.html

N.J. lawmakers get first look at lottery pension plan (North Jersey)
http://www.northjersey.com/story/news/new-jersey/2017/06/15/n-j-lawmakers-get-first-look-lottery-pension-plan/401227001/

NJ TREASURER PITCHES PLAN TO USE LOTTERY TO HELP PROP UP PUBLIC-WORKER PENSIONS (NJ Spotlight)
http://www.njspotlight.com/stories/17/06/15/state-treasurer-pitches-plan-to-use-lottery-to-help-prop-up-public-worker-pensions/

Pa. pension formula changes for new teachers, state workers (Philadelphia Tribune)
http://www.phillytrib.com/news/business/pa-pension-formula-changes-for-new-teachers-state-workers/article_b27712d8-8438-53a1-a7da-105e1b0f6ce6.html

N.M. teachers, school workers may see reduction in pension (AP)
http://www.lcsun-news.com/story/news/2017/06/15/state-workers-may-f/401800001/

Colorado pension system faces risky future despite past fixes (Colorado Watchdog)
http://watchdog.org/293561/colorado-pension-system-faces-risky-future-despite-past-fixes/

Public sector staff pay twice as much into pension pots (Financial Times)
https://www.ft.com/content/22892a4e-51c4-11e7-a1f2-db19572361bb

June 15, 2017

California Stories

How Much Should You Save for Retirement? (Bloomberg)
https://www.bloomberg.com/news/articles/2017-06-14/how-much-should-you-save-for-retirement?utm_campaign=news&utm_medium=bd&utm_source=applenews

Forward Thinking Aims To Secure City Employees’ Pensions And Benefits (Pasadena Independent)
http://www.pasadenaindependent.com/news/forward-thinking-aims-secure-city-employees-pensions-benefits/

CalPERS to vote on bonus eligibility raises for top investment staff (Pensions & Investments)
http://www.pionline.com/article/20170614/ONLINE/170619930/calpers-to-vote-on-bonus-eligibility-raises-for-top-investment-staff

 

National Stories

Environmentalists Demand Trillions in Lower Returns for Pensions (National Review)
http://www.nationalreview.com/article/448651/pensions-divest-energy-stocks-terrible-idea

Opinion How teacher pension plans cheat thousands of educators out of the retirement savings they deserve (New York Daily News)
http://www.nydailynews.com/opinion/teacher-pension-plans-cheat-thousands-educators-article-1.3245019

Michigan Senate and House panels pass revised pension reform bills (Pensions & Investments)

http://www.pionline.com/article/20170614/ONLINE/170619931/michigan-senate-and-house-panels-pass-revised-pension-reform-bills

Editorial: Pass compromise fix on pensions (The Detroit News)
http://www.detroitnews.com/story/opinion/editorials/2017/06/14/pension-fix/102869240/

Teacher pension plan moves fast in Michigan Legislature (The Detroit News)
http://www.detroitnews.com/story/news/politics/2017/06/14/pension-vote/102847610/

Opinion: Penn’s new pension law strikes right balance for reform (The Intelligencer)
http://www.theintell.com/opinion/guest/state-s-new-pension-law-strikes-right-balance-for-reform/article_e4b1b3bf-1895-5bec-b2e7-fdc1f2cb0519.html

June 14, 2017

California Stories

More money for schools, state pension fund, low-wage workers (Bay Area News Group)
http://www.record-bee.com/general-news/20170613/more-money-for-schools-state-pension-fund-low-wage-workers

San Diego says ruling that vindicated pension reform was sound (San Diego Union Tribune)
http://www.sandiegouniontribune.com/news/politics/sd-me-pension-appeal-20170613-story.html

Calpers Considers Pay Raises for Top Executives in Delicate Move (Bloomberg)
https://www.bloomberg.com/news/articles/2017-06-13/calpers-considers-pay-raises-for-top-executives-in-delicate-move

National Stories

Ohio’s public-worker pensions face cuts (Record Courier)
http://www.recordpub.com/news%20local/2017/06/13/ohios-publicworker-pensions-face-cuts

Editorial: Pa.’s pension time bomb still ticking (Daily Local News)
http://www.dailylocal.com/article/DL/20170612/NEWS/170619974

Penn.’s new pension law strikes right balance for reform (Press Opinion)
http://www.publicopiniononline.com/story/opinion/2017/06/13/states-new-pension-law-strikes-right-balance-reform/392575001/

Are public pensions a thing of the past? (Click Orlando)
http://www.clickorlando.com/money/are-public-pensions-a-thing-of-the-past

June 13, 2017

PLEASE AMPLIFY

OPINION: Cutting pension benefits no way to attract needed teachers (Riverside Press Enterprise)
http://www.pe.com/2017/06/11/cutting-pension-benefits-no-way-to-attract-needed-teachers/

California Stories

Editorial: Charter legislation a distraction, not a solution (Pasadena Sun Star)
http://www.pasadenastarnews.com/opinion/20170612/charter-legislation-a-distraction-not-a-solution

Prison Unions are Punishing California Taxpayers … Here’s How (City Watch)
http://www.citywatchla.com/index.php/los-angeles/13397-prison-unions-are-punishing-california-taxpayers-here-s-how

Rising pension costs dominate City Council’s budget review (Pleasanton Weekly)
https://www.pleasantonweekly.com/news/2017/06/12/rising-pension-costs-dominate-city-councils-budget-review

 

National Stories

OPINION In many states, the pension time-bomb is ticking (Washington Examiner)
http://www.washingtonexaminer.com/in-many-states-the-pension-time-bomb-is-ticking/article/2625527

Ohio’s public-employee pensions face cutbacks (Columbus Dispatch)
http://www.dispatch.com/news/20170612/ohios-public-employee-pensions-face-cutbacks

Column: Current pensions a fiscal cancer (The Detroit News)
http://www.detroitnews.com/story/opinion/2017/06/13/pensions/102797218/

Study finds Oregon public school teachers’ health insurance and pension costs are higher than in some school districts elsewhere in Northwest (Eugene Register Guard)
http://registerguard.com/rg/news/local/35669272-75/story.csp

Wolf signs pension reforms into law (The Daily Item)
http://www.dailyitem.com/news/local_news/wolf-signs-pension-reforms-into-law/article_ddbb4dc0-f30c-506f-b2da-aacd507ddcf5.html

Gov. Wolf makes ‘historic’ pension reform law; “What about debt?” asks critics (Fox 43)
http://fox43.com/2017/06/12/gov-wolf-makes-historic-pension-reform-law-what-about-debt-asks-critics/

If You Live in One of These Four States, Forget About Collecting Your Pension Payments (Money Morning)
https://moneymorning.com/2017/06/12/if-you-live-in-one-of-these-four-states-forget-about-collecting-your-pension-payments/

 

June 12, 2017

California Stories

Editorial: Pension loan needs more scrutiny (Santa Rosa Press Democrat)
http://www.pressdemocrat.com/opinion/7080155-181/pd-editorial-pension-loan-needs

Social Services Layoffs Among Cuts Proposed in $1.07 Billion Santa Barbara County Budget (Noozhawk)
https://www.noozhawk.com/article/social_services_staff_cuts_proposed_santa_barbara_county_budget_20170611

 

National Stories

Pa. pension overhaul will become law, but the problem isn’t over (Newsworks)
http://www.newsworks.org/index.php/local/item/104669-pa-pension-overhaul-will-become-law-but-the-problem-isnt-over

Opinion Pension reform strikes right balance on benefits, predictability (Philadelphia Inquirer)
http://www.philly.com/philly/opinion/20170611_Pension_reform_strikes_right_balance_on_benefits__predictability.html

Pennsylvania pension law: Necessary, and a sign of decline (Philadelphia Inquirer)
http://www.philly.com/philly/blogs/inq-phillydeals/pennsylvania-pension-law-necessary-and-a-sign-of-decline-20170611.html

Rising costs eat into Ohio’s public-employee pension systems (Columbus Dispatch)
http://www.dispatch.com/news/20170611/rising-costs-eat-into-ohios-public-employee-pension-systems

Explaining Minnesota’s ‘hidden’ pension problem (Minn Post)
https://www.minnpost.com/politics-policy/2017/06/explaining-minnesotas-hidden-pension-problem

PERS cost-sharing bill more window-dressing than reform: Editorial (The Oregonian)
http://www.oregonlive.com/opinion/index.ssf/2017/06/pers_cost-sharing_bill_needs_m.html

Single-payer fan? Consider Illinois pension mess (Quad Cities Online)
http://www.qconline.com/opinion/columnists/don_o_shea/single-payer-fan-consider-illinois-pension-mess/article_e290671a-d54f-57a9-a912-021e95329a3e.html