Fighting Back on Retirement Benefits

November 11, 2019

CALIFORNIA NEWS

Disability status for CalPERS retirees must remain private, court says
https://www.sacbee.com/news/politics-government/the-state-worker/article237182093.html

Pension Giant Calpers Buys Apple, Intel, Uber, Lyft Stock
https://www.newsmax.com/finance/streettalk/calpers-apple-intel-uber/2019/11/08/id/940840/

CalSTRS says SEC proposal weakens corporate accountability
https://www.ai-cio.com/news/calstrs-says-sec-proposal-weakens-corporate-accountability/

Declaring California a ‘compassionate state – that’ll fix everything
https://californiaglobe.com/section-2/declaring-california-a-compassionate-state-thatll-fix-everything/

California Public Employees Retirement System Acquires 27,034 Shares of Arrow Electronics, Inc.
https://caspercourier.com/california-public-employees-retirement-system-acquires-27034-shares-of-arrow-electronics-inc-nysearw/

NATIONAL NEWS

Funds double crypto asset exposure in Morgan Creek’s fund to 1%
https://www.coindesk.com/pension-funds-double-crypto-asset-exposure-in-morgan-creeks-fund-to-1

Some Ramsey County sheriff’s employees get retirement benefits on top of full-time salary
http://www.startribune.com/some-ramsey-county-sheriff-s-employees-get-retirement-benefits-on-top-of-full-time-salary/564690712/

Lightfoot to Pritzker on pensions: It’s your move
https://www.chicagobusiness.com/david-greising-government/lightfoot-pritzker-pensions-its-your-move

I’m moving to New Jersey. Will the state tax my pension?
https://www.nj.com/advice/2019/11/im-moving-to-new-jersey-will-the-state-tax-my-pension.html

Attorneys in Hall pension case point to recent Ga. Supreme Court decision in motion
https://www.gainesvilletimes.com/news/government/attorneys-hall-pension-case-point-recent-ga-supreme-court-decision-motion/

Oakwood pays off Ohio Police & Fire Pension liability debt
https://www.daytondailynews.com/news/local-govt–politics/oakwood-pays-off-ohio-police-fire-pension-liability-debt/z0uLyZGi7FnWdci0KPzp9K/

Smart money is on ethics, pension fix action during veto session – but no big bets placed on Chicago casino
https://chicago.suntimes.com/2019/11/10/20955350/ethics-pension-fix-veto-session-chicago-casino-federal-probe-real-estate-transfer

Lawmakers taking another stab at stabilizing PA public pension funds
https://levittownnow.com/2019/11/10/lawmakers-taking-another-stab-at-stabilizing-pa-public-pension-funds/

The Energy 202: Mitch McConnell’s surprise turnaround means coal miner’s pensions are a lot more secure
https://www.washingtonpost.com/news/powerpost/paloma/the-energy-202/2019/11/08/the-energy-202-mitch-mcconnell-s-surprise-turnaround-means-coal-miner-s-pensions-a-lot-more-secure/5dc47c65602ff1184c316363/

November 8, 2019

CALIFORNIA NEWS

California Taxpayers on Hook for Six-Figure Government Pensions
https://freebeacon.com/issues/calif-taxpayers-on-hook-for-six-figure-government-pensions/

Editorial: San Rafael cries foul over pension rating
https://www.marinij.com/2019/11/07/editorial-san-rafael-cries-foul-over-pension-rating/

New York pension fund may lower holdings in stocks
https://www.ai-cio.com/news/new-york-pension-fund-may-lower-holdings-stocks/

Calstrs carried interest payments to private equity managers fall as exits slow
https://www.penews.com/articles/calstrs-carried-interest-payments-to-private-equity-managers-fall-as-exits-slow-20191107

NATIONAL NEWS

New York pension fund may lower holdings in stocks
https://www.ai-cio.com/news/new-york-pension-fund-may-lower-holdings-stocks/

Kanawha Commission passes resolution in support of miners pension bill
https://www.wvgazettemail.com/news/kanawha_county/kanawha-commission-passes-resolution-in-support-of-miners-pension-bill/article_b13a7cdc-e026-50a5-9535-6a82e35e3805.html

CSW Industrials terminates U.S. pension plan
https://www.pionline.com/pension-risk-transfer/csw-industrials-terminates-us-pension-plan

New York Pension Fund May Lower Holdings in Stocks
https://www.ai-cio.com/news/new-york-pension-fund-may-lower-holdings-stocks/

Pennsylvania lawmakers taking another stab at stabilizing public pension funds
https://www.mdjonline.com/neighbor_newspapers/extra/news/pennsylvania-lawmakers-taking-another-stab-at-stabilizing-public-pension-funds/article_d65c32cc-9022-5c37-983f-95a6c60fba12.html

Boise Cascade trims pension liabilities with $20 million buyout
https://www.pionline.com/pension-risk-transfer/boise-cascade-trims-pension-liabilities-20-million-buyout

Young says imminent pension crisis must be solved ‘once and for all’
https://riponadvance.com/stories/young-says-imminent-pension-crisis-must-be-solved-once-and-for-all/

Pension risk transfers in vogue in 2019
https://www.pionline.com/interactive/pension-risk-transfers-vogue-2019

Lisle Police Pension Fund re-ups with Marquette Associates
https://www.pionline.com/searches-and-hires/lisle-police-pension-fund-re-ups-marquette-associates

Senators introduce miners’ pension rescue bill
https://www.pionline.com/legislation/senators-introduce-miners-pension-rescue-bill

Milliman analysis: Corporate pension funding rises by $11 billion in October
https://www.nbcrightnow.com/news/state/milliman-analysis-corporate-pension-funding-rises-by-billion-in-october/article_b5b5c8c3-caa1-5e90-848c-00f90f76d807.html

Illinois still climbing the pension ramp as unfunded liabilities grow $3 billion
https://capitolfax.com/2019/11/07/illinois-still-climbing-the-pension-ramp-as-unfunded-liabilities-grow-3-billion/

IBM employees ask supreme court to hold pension managers liable for loss
https://www.theepochtimes.com/ibm-employees-ask-supreme-court-to-hold-pension-managers-liable-for-loss_3140409.html

New Mexico pension reforms would increase contributions
https://www.kob.com/new-mexico-news/new-mexico-pension-reforms-would-increase-contributions/5546413/

Pension bailouts could raise the national debt by $7 trillion
https://www.dailysignal.com/2019/11/07/pension-bailouts-could-raise-the-national-debt-by-7-trillion/

Pensions venture into risky corners of the market in hunt for returns
https://www.wsj.com/articles/pensions-venture-into-risky-corners-of-the-market-in-hunt-for-returns-11573133138

November 7, 2019

CALIFORNIA NEWS

Study shows pension funds’ refusal to divest from fossil fuels cost retired teachers, firefighters, and public workers $19 billion
https://www.nationofchange.org/2019/11/06/study-shows-pension-funds-refusal-to-divest-from-fossil-fuels-cost-retired-teachers-firefighters-and-public-workers-19-billion/

NATIONAL NEWS

Facing Widespread Divestment and Public Outcry, GEO Group Tries to Soothe Shareholders
https://www.miaminewtimes.com/news/geo-group-q3-fy19-shareholder-call-discusses-divestment-from-banks-prison-abuse-and-protestors-11310719

US lawmakers introduce new bill to ban federal pension fund from investing in China
https://www.scmp.com/news/china/article/3036641/us-lawmakers-introduce-new-bill-ban-federal-pension-fund-investing-china

Senators Push Bipartisan Fix to Coal Miners’ Pensions
https://www.wsj.com/articles/senators-push-bipartisan-fix-to-coal-miners-pensions-11573080282

Memphis officials fear “mass exodus” from MPD and MFD if pension program implemented
https://www.fox13memphis.com/top-stories/memphis-officials-fear-mass-exodus-from-mpd-and-mfd-if-pension-program-implemented/1005881544

Red flags abound at bankrupt Rhode Island St. Joseph Health Services church pension
https://www.forbes.com/sites/edwardsiedle/2019/11/06/red-flags-abound-at-bankrupt-rhode-island-st-joseph-health-services-church-pension/#440a4e62390c

City waits as state juggles police, fire pension oversight
https://www.journal-topics.com/articles/city-waits-as-state-juggles-police-fire-pension-oversight/

The end to the Chicago teacher strike underscores pension crisis
https://www.cagw.org/thewastewatcher/end-chicago-teacher-strike-underscores-pension-crisis

City reviews finances, look toward pension challenges
https://www.saukvalley.com/2019/11/06/city-reviews-finances-look-toward-pension-challenges/aogpbz6/

Kentucky governor who sought to revamp pension funds loses re-election
https://www.pionline.com/elections/kentucky-governor-who-sought-revamp-pension-funds-loses-re-election

Miners react to bipartisan miner pension bill
https://www.wsaz.com/content/news/Kanawha-County-Commission-backs-bipartisan-miner-pension-bill-564570961.html

U.S. Foods to offload $75 million in pension liabilities
https://www.pionline.com/pension-risk-transfer/us-foods-offload-75-million-pension-liabilities

New Mexico pension reform calls for higher contributions
https://www.santafenewmexican.com/news/local_news/new-mexico-pension-reform-calls-for-higher-contributions/article_b5f5a65f-3db3-5f45-a66d-f9e84e3c7763.html

Many pension plan amounts to rise in 2020
https://news.bloombergtax.com/payroll/many-pension-plan-amounts-to-rise-in-2020

November 6, 2019

CALIFORNIA NEWS

Report: Fossil Fuel Investments Cost California Pension Funds Money
https://www.kpbs.org/news/2019/nov/05/fossil-fuel-investments-cost-california-pension-mo/

Should California pension funds quit oil and gas? Report says they can earn more if they do
https://www.sacbee.com/news/politics-government/the-state-worker/article236930173.html

‘Public Safety Employees’ hit hard by CA pension costs
https://patch.com/california/sacramento/public-safety-employees-hit-hard-ca-pension-costs-opinion

How Calif. Public Agencies Can Reform Pension Benefits
https://www.law360.com/employment/articles/1216545/how-calif-public-agencies-can-reform-pension-benefits

Four California Bay Area Cities Face Serious Financial Risk
https://www.governing.com/news/headlines/Four-California-Bay-Area-Cities-Face-Serious-Financial-Risk.html

Pension costs hitting home – hard
https://www.record-bee.com/2019/11/05/pension-costs-hitting-home-hard/

Letter to the Editor: Privatize to escape pension shortfall?; Questioning label ‘traitorous’; Teachers never stop caring
https://santamariatimes.com/opinion/letters/letters-to-the-editor-privatize-to-escape-pension-shortfall-questioning/article_849b1b2d-4e3e-5ddd-b857-22e6e420d2d2.html

NATIONAL NEWS

Here’s How Having A Pension Affects Your Social Security Benefits
https://www.fool.com/investing/2019/11/05/heres-how-having-a-pension-affects-your-social-sec.aspx

Public Pension Plans Continue to Shift Into U.S. Stocks
https://www.wsj.com/articles/public-pension-plans-continue-to-shift-into-u-s-stocks-11572955200

Pension payments to rise a little above GOMB projections
https://capitolfax.com/2019/11/05/pension-payments-to-rise-a-little-above-gomb-projections/

Fire and Police Pension Consolidation Bill Before Illinois State Lawmakers
https://will.illinois.edu/news/story/fire-and-police-pension-consolidation-bill-before-illinois-state-lawmakers

Did I earn my police pension?
https://lawofficer.com/war-stories/did-i-earn-my-police-pension/

Green Coalition: Pension plans miss billions by not divesting from fossil fuels
https://www.ai-cio.com/news/green-coalition-pension-plans-miss-billions-not-divesting-fossil-fuels/

LETTERS TO THE EDITOR: Company refused to release pension
https://www.nwitimes.com/opinion/letters/letters-to-the-editor-company-refused-to-release-pension/article_7fe07232-0b9e-55c8-b461-949da8d73d2a.html

Illinois’ annual pension bill creeps closer to $10 billion, still not close to paying down debt
https://www.thecentersquare.com/illinois/illinois-annual-pension-bill-creeps-closer-to-billion-still-not/article_50f00c88-0007-11ea-a4e6-673b65056e82.html

Falling interest rates wreak havoc in US pension  system
https://www.ft.com/content/60c5b80b-b227-405a-9290-0d5f78efa0f7

November 5, 2019

CALIFORNIA NEWS

Pension costs hitting home — hard
https://calmatters.org/commentary/pension-costs-taxes-firefighters/

San Rafael protests No.1 pension tab ranking
https://www.marinij.com/2019/11/04/san-rafael-protests-no-1-pension-tab-ranking/

NATIONAL NEWS

America’s Biggest Pension Bought Up Apple, Intel, Uber, and Lyft Stock
https://www.barrons.com/articles/pension-bought-apple-stock-intel-uber-lyft-microsoft-retirement-51572631664

Take Politics Out of Public Pension Plans
https://www.forbes.com/sites/christopherburnham/2019/11/04/take-politics-out-of-public-pension-plans/#a0327cb57855

Report: Public Pension Funding, Education Not Mutually Exclusive
https://www.ai-cio.com/news/report-public-pension-funding-education-not-mutually-exclusive/

Manchin urges McConnell to put forward pension legislation following health care notices
http://wvmetronews.com/2019/11/04/manchin-urges-mcconnell-to-put-forward-pension-legislation-following-health-care-notices/

Pension Insurer Petitions for More Required Contributions Data
https://news.bloomberglaw.com/employee-benefits/pension-insurer-petitions-for-more-required-contributions-data

Murray Energy’s Bankruptcy Could Bring Collapse of Coal Miners’ Pensions
https://www.wvpublic.org/post/murray-energy-s-bankruptcy-could-bring-collapse-coal-miners-pensions#stream/0

Coal workers fear for pensions after Murray Energy Bankruptcy
https://www.channel3000.com/news/coal-workers-fear-for-pensions-after-murray-energy-bankruptcy/1138550990

Chicago Teachers No Longer Can Save 40 Sick Days for Retirement: Now It’s 244
https://www.illinoispolicy.org/chicago-teachers-no-longer-can-save-40-sick-days-for-retirement-now-its-244/

Fire and Police Pension Consolidation Bill Before Illinois State Lawmakers
https://www.nprillinois.org/post/fire-and-police-pension-consolidation-bill-illinois-state-lawmakers#stream/0

Eying Liquidity, New York pension fund looks to trim equities
https://www.reuters.com/article/us-investment-summit-new-york-pension/eying-liquidity-new-york-pension-fund-looks-to-trim-equities-idUSKBN1XE2A6

Huge Texas Pension Made Big Bets on AMD, Intel, and Walmart Stock
https://www.barrons.com/articles/texas-pension-bought-amd-intel-walmart-stock-lululemon-51572447908

Ohio’s public pension funds turn to outside lobbyists for clout
https://www.daytondailynews.com/news/local/ohio-public-pension-funds-turn-outside-lobbyists-for-clout/pHWq6pbIh6PqH4ftQYwZGM/

Lubbock Fire Pension Fund earmarks $10 million for real estate fund
https://www.pionline.com/searches-and-hires/lubbock-fire-pension-fund-earmarks-10-million-real-estate-fund

Pension reform a recurring topic in Governor Debates
https://www.wtvq.com/2019/11/04/pension-reform-recurring-topic-governor-debates/

Lump-sum pension buyouts can shortchange employees
https://www.benefitspro.com/2019/11/04/lump-sum-pension-buyouts-can-shortchange-employees/?slreturn=20191005003938

Voters to decide Joplin’s pension-fix proposal
https://www.joplinglobe.com/news/local_news/voters-to-decide-joplin-s-pension-fix-proposal/article_1e83ee8e-103e-5696-95bc-d3b45aed4230.html

Normal Town Council to consider property tax increase to over pension costs
https://week.com/news/top-stories/2019/11/04/normal-town-council-to-consider-property-tax-increase-to-over-pension-costs/

November 4, 2019

CALIFORNIA NEWS

US pension plans dodge queries on healthcare holdings
https://www.ft.com/content/9f09fba3-39ad-4cfb-a011-0fc59fec26e5

Editorial: These four bay area cities face serious financial risk
https://www.mercurynews.com/2019/11/03/editorial-these-four-bay-area-cities-face-serious-financial-risk/

When things get tough, companies split Chairman, CEO roles
https://www.wsj.com/articles/when-things-get-tough-companies-split-chairman-ceo-roles-11572778801

NATIONAL NEWS

‘Nervous and scared.’ Coal workers fear for their pensions after Murray Energy Bankruptcy
https://www.cnn.com/2019/11/01/business/murray-energy-coal-bankruptcy-pension/index.html

Huge Texas pensions made big bets on AMD, Intel, and Walmart stock
https://www.barrons.com/articles/texas-pension-bought-amd-intel-walmart-stock-lululemon-51572447908

Normal to hike property taxes to pay for pensions
https://www.pantagraph.com/news/local/govt-and-politics/normal-to-hike-property-taxes-to-pay-for-pensions/article_c258ceb1-1fb4-5854-a88f-e12be7ab2743.html

Ohio’s public pension funds turn to outside lobbyists for clout
https://www.daytondailynews.com/news/local/ohio-public-pension-funds-turn-outside-lobbyists-for-clout/pHWq6pbIh6PqH4ftQYwZGM/

‘Slap in the face’: Cob judges draw from pension – but don’t pay into it
https://www.mdjonline.com/news/slap-in-the-face-cobb-judges-draw-from-pension-/article_64b8314c-fcf0-11e9-bf45-d70200319602.html

Coal mine workers pension “death” deserves an autopsy
https://www.forbes.com/sites/edwardsiedle/2019/11/02/coal-mine-workers-pension-death-deserves-an-autopsy/#546692a54082

Normal landowners to foot the bill for increased pension obligations
http://www.wjbc.com/2019/11/03/normal-landowners-to-foot-the-bill-for-increased-pension-obligations/

Falling interest rates wreak havoc in US pension system
https://www.ft.com/content/60c5b80b-b227-405a-9290-0d5f78efa0f7

Pressure on property taxes mounts fro towns across Illinois amid pension burden
https://www.pjstar.com/news/20191102/pressure-on-property-taxes-mounts-for-towns-across-illinois-amid-pension-burden

NHS misses deadline for staff pension statements
https://www.ft.com/content/645517c0-fc81-11e9-98fd-4d6c20050229

November 1, 2019

CALIFORNIA NEWS

California city disputes high debt burden audit by state
https://www.governing.com/news/headlines/California-City-Disputes-High-Debt-Burden-Audit-by-State.html

NATIONAL NEWS

Commentary: Evaluation alternative investments pension fund portfolios
https://www.pionline.com/industry-voices/commentary-evaluation-alternative-investments-pension-fund-portfolios

WSJ wealth adviser briefing: PG&E trade, coal firm pensions, cannabis open house
https://blogs.wsj.com/moneybeat/2019/10/31/wsj-wealth-adviser-briefing-pge-trade-coal-firm-pensions-cannabis-open-house/?guid=BL-MBB-71265&dsk=y

On pension, Kentucky should heed Illinois’ warning
https://www.bgdailynews.com/opinion/letters_to_the_editor/on-pension-kentucky-should-heed-illinois-warning/article_6758e6d7-59b2-5f40-954b-46ed56e78a66.html

Teacher’s pensions fund has a secret plan for urban renewal in Harrisburg. They won’t talk about it.
https://www.inquirer.com/business/phillydeals/pensions-pennsylvania-teachers-public-psers-harrisburg-real-estate-20191031.html

Pension board backs top executive
https://www.abqjournal.com/1386028/pension-board-backs-top-executive.html

Ohio may cut pension benefits for new government workers
https://www.daytondailynews.com/news/state–regional-govt–politics/ohio-may-cut-pension-benefits-for-new-government-workers/NSEog1q1g2XZa8pPvVw9EJ/

Why pressure on property taxes is growing in Illinois amid pension burden
https://www.dailyherald.com/news/20191031/why-pressure-on-property-taxes-is-growing-in-illinois-amid-pension-burden

REV knew investor info was false, pension fund says
https://www.law360.com/legalethics/articles/1215575/rev-knew-investor-info-was-false-pension-fund-says

Commentary: Evaluation of alternative investments in pension fund portfolios
https://www.pionline.com/industry-voices/commentary-evaluation-alternative-investments-pension-fund-portfolios

City council approves 1% pension hike for retirees starting Jan. 1
http://richmondfreepress.com/news/2019/oct/31/city-council-approves-1-pension-hike-retirees-star/

Rogers secures $163 million pension plan buyout
https://www.pionline.com/pension-risk-transfer/rogers-secures-163-million-pension-plan-buyout

Pension consultant Mercer cautions clients on Fisher investments
https://citywireusa.com/professional-buyer/news/pension-consultant-mercer-cautions-clients-on-fisher-investments/a1288986

October 24, 2019

CALIFORNIA NEWS

Pension funds rethinking investments in blacklisted Chinese surveillance firm
https://www.treasuryandrisk.com/2019/10/23/pension-funds-rethinking-investments-in-blacklisted-chinese-surveillance-firm-411-21388/?slreturn=20190924005513

NATIONAL NEWS

City lawyers to decide on embattled councilman’s pension
https://www.miamiherald.com/news/politics-government/national-politics/article236588628.html

New guidelines force pension funds to reveal shareholder voting records
https://www.theguardian.com/business/2019/oct/24/new-guidelines-force-pension-funds-to-reveal-shareholder-voting-records

GE freezes its pension plans and offers former employees lump sum buyouts
https://www.marketwatch.com/story/ge-freezes-its-pension-plans-and-offers-former-employees-lump-sum-buyouts-2019-10-23

Chicago budget takes aim at its pension deficit
https://www.wsj.com/articles/chicago-budget-takes-aim-at-its-pension-deficit-11571876121

Judge dismisses lawsuit from Ohio police and fire retirees against pension board
https://www.nbc4i.com/news/state-news/judge-dismisses-lawsuit-from-ohio-police-and-fire-retirees-against-pension-board/

Singletary: You should care about failure of this pension
https://www.columbian.com/news/2019/oct/23/singletary-you-should-care-about-failure-of-this-pension/

Trustees continue fighting over pension in Maine Township
https://www.chicagotribune.com/suburbs/park-ridge/ct-prh-maine-pension-fight-tl-1031-20191024-46yqistlzzgubc73pz2cfzfwmm-story.html

Pensions funds, infrastructure, and sewer overflow al big talking points for Peoria’s wallet
https://hoiabc.com/news/2019/10/23/pension-funds-infrastructure-and-sewer-overflow-all-big-talking-points-for-peorias-wallet/

Society of Actuaries releases new mortality tables for private pension funds
https://www.pionline.com/pension-funds/society-actuaries-releases-new-mortality-tables-private-pension-funds

Where the 2019 Kentucky governor candidates on the pension crisis
https://www.courier-journal.com/story/news/politics/elections/kentucky/2019/10/23/kentucky-governor-election-2019-where-candidates-stand-pension-crisis/4035521002/

Rep. McKinley’s miner pension bill heads to House floor
https://www.journal-news.net/rep-mckinley-s-miner-pension-bill-heads-to-house-floor/article_2d2967d8-f75b-5792-af9f-f9b012bda434.html

Doctors dismiss government pensions solution as ‘sticking plaster’
https://www.ft.com/content/cf129558-f59f-11e9-a79c-bc9acae3b654

Enzi criticizes pension bailout saying it would cost taxpayers
https://oilcity.news/general/2019/10/23/enzi-criticizes-pension-bailout-saying-it-would-cost-taxpayers/

Proctor & Gamble retiree claims pension cut after moving to US
https://news.bloomberglaw.com/employee-benefits/procter-gamble-retiree-claims-pension-cut-after-moving-to-u-s

October 23, 2019

CALIFORNIA NEWS

Why America’s Largest Pension Fund Is Cutting Ties with Private Prisons
https://fortune.com/2019/10/22/why-americas-largest-pension-fund-cutting-private-prisons-ties/

Letter to the Editor: Property taxes and pensions in California
https://www.bakersfield.com/opinion/letter-to-the-editor-property-taxes-and-pensions-in-california/article_b767ff26-f205-11e9-b60e-575e08f1c97d.html

Nation’s largest pension fund divests from firms that run ICE detention centers
https://www.colorlines.com/articles/nations-largest-pension-fund-divests-firms-run-ice-detention-centers

The Exchange: CalPERS’ Ben Meng
https://www.breakingviews.com/breakingviews-podcasts/the-exchange-calpers-ben-meng/

This columnist thinks California is in big trouble. Kill Prop 13!
https://www.ocregister.com/2019/10/22/california-is-in-big-trouble-again-3/

NATIONAL NEWS

Pension funds put $50 million into Morgan Creek’s new blockchain fund
https://www.coindesk.com/pension-funds-put-50-million-into-morgan-creeks-new-blockchain-fund

Fisher Investments withdrawals exceed $2billion as New Hampshire pension plan exits
https://www.cnbc.com/2019/10/22/fisher-investments-losses-hit-2-billion-as-new-hampshire-pension-exits.html

Chicago’s new mayor grapples with nation’s worst pension debt
https://www.wsj.com/articles/chicagos-new-mayor-grapples-with-nations-worst-pension-debt-11571755765

Low returns for public pensions threaten future retirees
https://www.marketwatch.com/story/low-returns-for-public-pensions-threaten-future-retirees-2019-10-22

Lightfoot can’t fix Chicago’s finances without pension reform
https://www.illinoispolicy.org/lightfoot-cant-fix-chicagos-finances-without-pension-reform/

Singletary: Pension failures and why you should care
https://www.pressherald.com/2019/10/22/singletary-pension-failures-and-why-you-should-care/

Oversight or politicization: Pension takes center stage in KY auditor’s race
https://www.wlky.com/article/oversight-or-politicization-pension-takes-center-stage-in-ky-auditors-race/29554013#

Why does local police and fire pension consolidation matter for Illinois?
https://www.forbes.com/sites/ebauer/2019/10/18/why-does-local-police-and-fire-pension-consolidation-matter-for-illinois/#7d7662587978

Case: No jurisdiction over claims that pension board ignored request to withhold trillions of dollars
https://news.bloombergtax.com/daily-tax-report/case-no-jurisdiction-over-claims-that-pension-board-ignored-request-to-withhold-trillions-of-dollars-fed-cl-irc-3401

October 21, 2019

CALIFORNIA NEWS

Public Paychecks: Highest-paid Roseville city employees
https://www.bizjournals.com/sacramento/news/2019/10/20/public-paychecks-highest-paid-roseville-city.html

Prop 13 overhaul gets friendly summary from California attorney general
https://www.sfchronicle.com/politics/article/Prop-13-overhaul-gets-friendly-summary-from-14545798.php

CalPERS Divests From Listed Prison Companies
https://www.institutionalinvestor.com/article/b1hnk1zz1lm6qx/CalPERS-Divests-From-Listed-Prison-Companies

Death doesn’t take a financial holiday. Here’s a cautionary tale.
https://www.latimes.com/business/story/2019-10-20/death-finances-social-security-pension

NATIONAL NEWS

How much is GE shortchanging pensioners taking lump sums? Use our calculator.
https://www.forbes.com/sites/baldwin/2019/10/20/how-much-is-ge-shortchanging-pensioners-taking-lump-sums-use-our-calculator/#2d5a49a691c1

Troubles keep mounting for Fisher Investments as losses in pension assets hits $1.3 billion
https://www.cnbc.com/2019/10/18/fisher-investments-losses-hit-1point3-billion-in-pension-assets.html

Can a state senator who’s not under federal probe sponsor this fire pension bill?
https://www.dailyherald.com/news/20191019/can-a-state-senator-whos-not-under-federal-probe-sponsor-this-fire-pension-bill

Connecticut’s teacher pension system isn’t working for millenials. That’s a problem.
https://www.courant.com/opinion/op-ed/hc-op-blank-teacher-pension-millenials-1020-20191018-pce647kq3bh3ba47pdu3fnvh44-story.html

Watchdog says state not doing enough to overcome pension funding crisis
https://www.readingeagle.com/news/article/watchdog-says-state-not-doing-enough-to-overcome-pension-funding-crisis

When a pension plan fails, it hurts us all
https://www.bostonglobe.com/business/2019/10/20/when-pension-plan-fails-hurts-all/IO0Igrs2GpZdQwGkUfadmK/story.html

Jim Dey: Devilish details threaten plan for quick pension action
https://www.news-gazette.com/opinion/columns/jim-dey-devilish-details-threaten-plan-for-quick-pension-action/article_f4a3971b-39ac-595a-8fcf-0832579f0606.html

5 steps to starting a pension if you’re a freelancer
https://www.bustle.com/p/5-steps-to-starting-a-pension-if-youre-a-freelancer-19219760

Michele Singletary: Here’s why you should care about this pension case
https://www.telegram.com/news/20191020/michelle-singletary-heres-why-you-should-care-about-this-pension-case

Roseville voters decide pension shift for police and fire
https://www.detroitnews.com/story/news/local/macomb-county/2019/10/20/macomb-county-voters-ballot-issues-november-5/4022831002/

Palatine presentation shoes possible benefit of combining police and fire pension funds
https://www.dailyherald.com/news/20191018/palatine-presentation-shows-possible-benefit-of-combining-police-fire-pension-funds

Borough returns pension benefits to pre-2012 rate
https://www.sungazette.com/news/top-news/2019/10/borough-returns-pension-benefits-to-pre-2012-rate/

Senator Manchin calls for action on miners’ pension legislation
https://www.theintelligencer.net/news/top-headlines/2019/10/senator-manchin-calls-for-action-on-miners-pension-legislation/

Illinois ‘pension funds are doomed; says Taxpayers United of America president
https://prairiestatewire.com/stories/514937429-illinois-pension-funds-are-doomed-says-taxpayers-united-of-america-president

Norton gets DC Equality Provision Passed in Presidential Pension Bill
https://norton.house.gov/media-center/press-releases/norton-gets-dc-equality-provision-passed-in-presidential-pension-bill

October 18, 2019

CALIFORNIA NEWS

California is in big trouble again
https://finance.yahoo.com/news/california-big-trouble-again-150024423.html

Senate president urges treasurer to reconsider opposition to fossil fuel divestment
https://vtdigger.org/2019/10/17/senate-president-urges-treasurer-to-reconsider-opposition-to-fossil-fuel-divestment/

NATIONAL NEWS

Breaking Free From Interest Rate Bind on DB Funding
https://www.plansponsor.com/in-depth/want-attract-retain-best-talent/

Union works urge senate to pass pension protections
https://fox59.com/2019/10/17/union-workers-urge-senate-to-pass-pension-protections/

Pension Income Still Dominates. That Will Soon Change
https://www.planadviser.com/pension-income-still-dominates-will-soon-change/

Firefighter’s widow, union feel cheated over slashed pension
https://www.wpri.com/target-12/firefighters-widow-union-feel-cheated-over-slashed-pension/

Some elected officials get big pensions along with big pensions
https://www.timesunion.com/news/article/At-issue-elected-officials-with-big-pensions-14541916.php

Eric County Council members respond to pension controversy
https://www.yourerie.com/news/local-news/erie-county-council-members-respond-to-pension-controversy/

Pepsi Wins Against Retirees Pension Class Action
https://www.natlawreview.com/article/federal-district-court-dismisses-pension-actuarial-equivalence-lawsuit

Rick Bloom: Is taking a buyout from your pension a good idea?
https://www.hometownlife.com/story/news/2019/10/17/rick-bloom-taking-buyout-your-pension-good-idea/3985141002/

Every state’s pension crisis ranked
https://www.fin-news.com/2019/10/17/every-states-pension-crisis-ranked/

October 17, 2019

CALIFORNIA NEWS

Pension costs continue to drive tax hikes across California: Susan Shelley
https://www.dailynews.com/2019/10/16/pension-costs-continue-to-drive-tax-hikes-across-california-susan-shelley/

PBGC to take over two Verity Health pension plans
https://www.pionline.com/pension-funds/pbgc-take-over-two-verity-health-pension-plans

Palo Alto explores new ways to settle giant pension bill
https://www.paloaltoonline.com/news/2019/10/16/palo-alto-explores-new-ways-to-settle-500m-pension-bill

Moody’s Upgrades California’s credit rating
https://scvnews.com/2019/10/16/moodys-upgrades-californias-credit-rating/

Yvonne E. Walker: Retirement Security for All
https://spotlight.newsreview.com/seiu/labor/yvonne-r-walker-retirement-security-for-all/

Pension costs continue to drive tax hikes across California: Susan Shelley
https://www.dailynews.com/2019/10/16/pension-costs-continue-to-drive-tax-hikes-across-california-susan-shelley/

NATIONAL NEWS

City pulls $248m in pension money from firms after CEO’s off-color comments on women
https://www.bostonglobe.com/business/2019/10/16/boston-pulls-pension-money-from-investment-firm-following-ceo-lewd-remarks/MEWsQNZUv45cmAX8f8spkK/story.html

Ken Fisher’s sexist comments have cost his company nearly $1 billion in assets
https://www.cnbc.com/2019/10/16/fisher-investments-takes-248m-hit-as-boston-pulls-pension-assets.html

Retirees want pension fix from Congress
https://www.cleveland.com/open/2019/10/retirees-want-pension-fix-from-congress.html

Is consolidating the assets of Illinois’ public pension funds a good idea?
https://www.chicagobusiness.com/opinion/consolidating-assets-illinois-public-pension-funds-good-idea

Portland police retirements hit record number, pension fund managers say
https://www.oregonlive.com/crime/2019/10/portland-police-retirements-hit-record-number-pension-fund-managers-say.html

Union workers urge senate to pass pension protections
https://www.kron4.com/washington/washington-dc/union-workers-urge-senate-to-pass-pension-protections/

Pension crisis forces firehouse closure, 9 firefighter layoffs in East St. Louis
https://www.illinoispolicy.org/pension-crisis-forces-firehouse-closure-9-firefighter-layoffs-in-east-st-louis/

GE’s pension freeze follows similar US corporate trend
https://www.commercialintegrator.com/av/ges-pension-freeze-follows-similar-u-s-corporate-trend/

Embattled former alderman uses loophole to double pension
https://www.fox32chicago.com/news/embattled-former-alderman-uses-loophole-to-double-pension

Oregon teachers union won’t fund candidates who voted for public pension reforms
https://www.gazettetimes.com/news/oregon-teachers-union-won-t-fund-candidates-who-voted-for/article_14665b8b-f117-5379-8da5-1652c8d5fa64.html

M&A Risk: Watch out for pension plans
https://www.treasuryandrisk.com/2019/10/16/ma-watch-out-for-pension-plans-411-21345/?slreturn=20190917002112

Senators struggle to resolve pension, retirement differences
https://news.bloomberglaw.com/employee-benefits/senators-struggle-to-resolve-pension-retirement-differences

Pension penalty waiver sought
https://www.nwaonline.com/news/2019/oct/16/pension-penalty-waiver-sought-20191016/

FirstEnergy Solutions’ shift on pensions paves way for bankruptcy exit
https://www.utilitydive.com/news/firstenergy-solutions-shift-on-pensions-paves-way-for-bankruptcy-exit/565134/

October 16, 2019

CALIFORNIA NEWS

California Confronts the Cost of Politically-Driven Divestments
https://townhall.com/columnists/ryangoff/2019/10/15/california-confronts-the-cost-of-politicallydriven-divestments-n2554703

U.S. pension funds took positions in blacklisted Chinese surveillance company
https://www.reuters.com/article/us-hikvision-pensions-focus/u-s-pension-funds-took-positions-in-blacklisted-chinese-surveillance-company-idUSKBN1WU191

Pension Backstop Offers 8,000 Verity Workers Partial Relief
https://news.bloomberglaw.com/employee-benefits/pension-backstop-offers-8-000-verity-workers-partial-relief

Aldeman: Mobility. Flexibility. Fairness. State Colleges Have These in Their Retirement Plans. So Why Don’t K-12 Districts?
https://www.the74million.org/article/aldeman-mobility-flexibility-fairness-state-colleges-have-these-in-their-retirement-plans-so-why-dont-k-12-districts/

Andrew Yang’s ‘freedom dividend’ echoes a 1930s basic income proposal that reshaped Social Security
https://www.registercitizen.com/news/article/Andrew-Yang-s-freedom-dividend-echoes-a-1930s-14536608.php

NATIONAL NEWS

U.S. pension funds took positions in blacklisted Chinese surveillance company
https://www.reuters.com/article/us-hikvision-pensions-focus/u-s-pension-funds-took-positions-in-blacklisted-chinese-surveillance-company-idUSKBN1WU191

So Why Are GE’s Pension Funds So Underfunded, Anyways?
https://www.forbes.com/sites/ebauer/2019/10/15/so-why-are-ges-pensions-so-underfunded-anyway/#122400081ae1

Every State’s Pension Crisis Ranked
https://www.msn.com/en-us/money/markets/every-states-pension-crisis-ranked/ss-AAIDDUD

Plan for over 640 police, fire pensions barely touches Illinois’ $200B problem
https://www.illinoispolicy.org/plan-for-over-640-police-fire-pensions-barely-touches-illinois-200b-problem/

Police, firefighter pension plan on the mend
https://www.paysonroundup.com/news/local/police-firefighter-pension-plan-on-the-mend/article_d6400332-3df9-5bfd-a0ea-dea4bc140e04.html

Pension Backup Offers 8,000 Verity Workers Partial Relief
https://news.bloomberglaw.com/health-law-and-business/pension-backstop-offers-8-000-verity-workers-partial-relief

GE Pension Freeze Shows Workers Need Better Way to Save
https://www.berkshireeagle.com/stories/kaissar-ge-pension-freeze-shows-workers-need-better-way-to-save,587433

Pension problems for corrections officer prosecuted in pot butter case
https://www.wzzm13.com/article/news/local/marijuana-butter-case-pension/69-e60606ea-8fe8-4788-b7d8-c8618bd39a09

EIU to host state pension issues presentation
https://jg-tc.com/news/local/eiu-to-host-state-pension-issues-presentation/article_dd5062fc-faa2-5376-ac8a-5dab4c33e3ec.html

Philadelphia pension board drops Fisher Investments over comments-city spokesman
https://www.reuters.com/article/funds-philadelphia-fisher/philadelphia-pension-board-drops-fisher-investments-over-comments-city-spokesman-idUSL2N27015Y

Goldcrest Farm Trust Closes on Additional $300 Million in Pension Fund Commitments
https://www.prnewswire.com/news-releases/goldcrest-farm-trust-closes-on-additional-300-million-in-pension-fund-commitments-300938250.html

State ends pension contract over CEOs comments
https://www.grbj.com/articles/94497-state-ends-pension-contract-over-ceos-comments

Washington State Teachers’ Pension Battle Denied SCOTUS Review
https://news.bloomberglaw.com/employee-benefits/washington-state-teachers-pension-battle-denied-scotus-review

Wages, pensions, plant investments still issues in UAW-GM strike
https://www.wxyz.com/news/wages-pensions-plant-investments-still-issues-in-uaw-gm-strike

October 15, 2019

CALIFORNIA NEWS

GM, Pension Funds, And The Temptations Of Big Pots Of Money
https://www.forbes.com/sites/ebauer/2019/10/14/gm-pension-funds-and-the-temptations-of-big-pots-of-money/

NATIONAL NEWS

Wage’s, pensions, plant investments still issues in GM strike
https://finance.yahoo.com/news/wages-pensions-plant-investments-still-194658878.html

Michigan ends pension contract over intestor’s comments
https://www.woodtv.com/news/michigan/michigan-ends-pension-contract-over-investors-comments/

County officials say pension boards proposed fix would cost an extra $267 million
https://www.chicagobusiness.com/government/county-officials-say-pension-boards-proposed-fix-would-cost-extra-267-million

Could ‘Antiques Roadshow’ save our pensions?
https://www.chicagobusiness.com/opinion/could-antiques-roadshow-save-our-pensions

Audit of Cahokia police pension fund finds less than professional operation
https://madisonrecord.com/stories/514808063-audit-of-cahokia-police-pension-fund-finds-less-than-professional-operation

Our view: Losing pension wrong penalty for public worker’s domestic violence
https://www.pressofatlanticcity.com/news/breaking/our-view-losing-pension-wrong-penalty-for-public-worker-s/article_3fc3add0-92d9-54ce-8b1c-0302d70471d3.html

More Employers Look To Switch Pensions Funds In 2019
https://www.law360.com/articles/1209184/more-employers-look-to-switch-pension-funds-in-2019

Illinois State Treasurer says combining fire and police pension could save state money
https://www.mystateline.com/news/national/illinois-state-treasurer-says-combining-fire-and-police-pension-could-save-state-money/

Pension penalty waiver sought; LRSD charged interest after worker contributions missed
https://www.arkansasonline.com/news/2019/oct/14/pension-penalty-waiver-sought-20191014/

Boston Pension Fund Sues Chemours Over Environmental Liabilities
https://www.ai-cio.com/news/boston-pension-fund-sues-chemours-environmental-liabilities/

Miller: Pension change could benefit other funds
https://herald-review.com/opinion/columnists/miller-pension-change-could-benefit-other-funds/article_d72e61ab-b663-543a-879d-e038a76503ed.html

‘Eden bonds’: how rewilding could save the climate and your pension
https://www.weforum.org/agenda/2019/10/rewilding-could-make-money-grow-on-trees-heres-how/

October 14, 2019

CALIFORNIA NEWS

Pension obligation bonds are a poor fix for pension debts
https://www.ocregister.com/2019/10/11/pension-obligation-bonds-are-a-poor-fix-for-pension-debts/

Pension obligation bonds are a poor fix for pension debts
https://www.record-bee.com/2019/10/12/pension-obligation-bonds-are-a-poor-fix-for-pension-debts/

How Well-Funded Are Government Employee Pension Plans In Your State
https://blog.independent.org/2019/10/11/how-well-funded-are-government-employee-pension-plans-in-your-state/

Every State’s Pension Crisis Ranked
https://247wallst.com/special-report/2019/10/11/every-states-pension-crisis-ranked/

NATIONAL NEWS

GE’s pension freeze puts a spotlight on America’s retirement planning problem
https://finance.yahoo.com/news/pensions-ge-401-k-retirement-decline-161154581.html

GE’s pension freeze raises a question: Should you take a lump-sum buyout or keep benefits?
https://www.usatoday.com/story/money/2019/10/11/ge-pension-freeze-raises-question-lump-sum-payout-or-benefits/3923703002/

Pritzker pension team looks for savings but finds costly threats instead
https://www.chicagobusiness.com/greg-hinz-politics/pritzker-pension-team-looks-savings-finds-costly-threats-instead

Editorial: Gov. J.B. Pritzker’s pension suture can be one step toward a full healing
https://www.chicagotribune.com/opinion/editorials/ct-edit-illinois-pension-tax-taxpayerconsolidation-pritzker-amendment-20191011-7vcm7zroyzdwxgq76bf2bxsiqe-story.html

Michigan pension fund moves $600M out of Fisher investments after offensive remarks
https://www.crainsdetroit.com/government/michigan-pension-fund-moves-600m-out-fisher-investments-after-offensive-remarks

I Told You So: Illinois’ Pension Consolidation Task Force Report Recognizes Tier 2 Woes
https://www.forbes.com/sites/ebauer/2019/10/11/i-told-you-so–illinois-pension-consolidation-task-force-report-recognizes-tier-2-woes/#380ba04aaad1

Editorial: Pension issue on tap in Springfield
https://www.news-gazette.com/opinion/editorials/editorial-pension-issue-on-tap-in-springfield/article_a19cbbfa-ee38-58bc-a0a1-fabc485b2c4a.html

Pension forfeiture wrong penalty for public worker’s domestic violence
https://www.pressofatlanticcity.com/opinion/editorials/pension-forfeiture-wrong-penalty-for-public-worker-s-domestic-violence/article_41d73d9c-ad06-534b-b97f-41cd4e20418b.html

Chicago Tribune reporter Hal Dardick on pension funding: “There’s no sure thing”
https://wgnradio.com/2019/10/13/chicago-tribune-reporter-hal-dardick-on-pension-funding-theres-no-sure-thing/

Washington to lower distressed pension tax
https://observer-reporter.com/news/localnews/washington-to-lower-distressed-pension-tax/article_97dd607e-ec51-11e9-bd9d-ff02d2a049be.html

Limiting vs. Elimination Pension Risks
https://www.ai-cio.com/news/limiting-vs-eliminating-pension-risks/

Pension funds sink billions into a whole new world of risk
https://www.messenger-inquirer.com/features/business/pension-funds-sink-billions-into-a-whole-new-world-of/article_bf33b75e-7690-5fba-aa38-712d03ee9f9e.html

NYC pension system asks companies to adopt ‘Rooney Rule’
https://www.pionline.com/governance/nyc-pension-system-asks-companies-adopt-rooney-rule

Court: AG Must Rewrite ‘Misleading’ Pension Ballot Measure
https://www.usnews.com/news/best-states/oregon/articles/2019-10-11/court-ag-must-rewrite-misleading-pension-ballot-measure

DeVry Settles Securities Lawsuit with Utah State Pension
https://www.ai-cio.com/news/devry-settles-securities-lawsuit-utah-state-pension/

October 9, 2019

CALIFORNIA NEWS

OC Poised to Approve $151 Million in Deputy Sheriff Raises
https://voiceofoc.org/2019/10/oc-poised-to-approve-151-million-in-deputy-sheriff-raises/

California’s Conflict of Interest Obligations
http://www.foxandhoundsdaily.com/2019/10/californias-conflict-of-interest-obligations/

NATIONAL NEWS

GE slashed costs by freezing pensions on 20,000 workers — here’s why investors are still upset
https://finance.yahoo.com/news/ge-slashed-costs-by-freezing-pensions-on-20000-workers-why-investors-are-upset-213217976.html

Top GE analyst Tusa sees pension freeze as sign of ‘more cuts’ coming to reduce debt
https://www.cnbc.com/2019/10/07/top-ge-analyst-tusa-pension-freeze-sign-of-more-cuts-coming.html

In the News: To No One’s Surprise, GE Freezes Its Pension
https://www.forbes.com/sites/ebauer/2019/10/08/in-the-news-to-no-ones-surprise-ge-freezes-its-pension/#3e03680b461e

GE froze its pension plan. Here’s what wall street is saying.
https://www.barrons.com/articles/ge-froze-its-pension-heres-what-wall-street-is-saying-51570540800

Don’t bash pensions — learn the facts
https://www.crainsnewyork.com/op-ed/dont-bash-pensions-learn-facts

Safeguarding the pensions of public employees
https://www.washingtontimes.com/news/2019/oct/8/safeguarding-the-pensions-of-public-employees/

Opinion: Pensions are good for CT
https://www.thehour.com/opinion/article/Opinion-Pensions-are-good-for-CT-14501964.php

Police, fire pensions pose a fiscal hazard for counties, towns
https://www.paysonroundup.com/news/arizona_state/police-fire-pensions-pose-a-fiscal-hazard-for-counties-towns/article_f7a63c0e-c659-52c3-9c90-00ac16488ded.html

Voices: Pension and OPEB costs weigh on government balance sheets
https://www.accountingtoday.com/opinion/pension-and-opeb-costs-weigh-on-government-balance-sheets

October 8, 2019

CALIFORNIA NEWS

Henry Jones Wins CalPERS Board Seat
https://www.calpers.ca.gov/page/newsroom/calpers-news/2019/henry-jones-wins-calpers-board-seat

Discussing the battle over Proposition B
https://www.kusi.com/discussing-the-battle-over-prop-b/

New fees and taxes affecting Long Beach Residents and Business
https://www.lbbusinessjournal.com/new-fees-and-taxes-affecting-long-beach-residents-and-businesses/

NATIONAL NEWS

4 reasons the corporate pension is on its deathbed
https://www.usatoday.com/story/money/2019/10/07/ge-pension-freeze-reasons-defined-benefit-plans-are-dead/3898630002/

General Electric freezing pension plan for 20,000 of its U.S. employees
https://www.cbsnews.com/news/ge-pension-freeze-general-electric-freezing-pension-plan-20000-us-employees/

GE Freezes pension benefits for 20,000 employees in an effort to reduce its massive debts pile (GE)
https://markets.businessinsider.com/news/stocks/general-electric-freezes-pension-benefits-for-20000-employees-2019-10-1028580185

Pensions Really Matter for Stocks. Here’s What Investors Need to Know After GE’s Freeze
https://www.barrons.com/articles/pensions-stocks-accounting-key-facts-after-ges-freeze-51570479160

GE Freezes worker pensions — what to do if your employer changes the terms of your retirement plan
https://www.marketwatch.com/story/ge-freezes-worker-pensions-what-to-do-if-your-employer-changes-the-terms-of-your-retirement-plan-2019-10-07

Have you had your pension frozen or cut?
https://www.marketplace.org/2019/10/07/have-you-had-your-pension-frozen-or-cut/

As Chicago Teachers Threaten to Walk Out, New Report Suggests a ‘Hidden Driver’ Behind Rash of Strikes: Skyrocketing Pension and Health Costs
https://www.the74million.org/as-chicago-teachers-threaten-to-walk-out-new-report-suggests-a-hidden-driver-behind-rash-of-strikes-skyrocketing-pension-and-health-costs/

Local Newspapers wait anxiously for pension funding relief
https://www.rollcall.com/news/congress/local-newspapers-wait-anxiously-pension-funding-relief

Main issues in UAW-GM labor talks narrow to wages, pensions, source says
https://www.cnbc.com/2019/10/05/main-issues-in-uaw-gm-labor-talks-narrow-to-wages-pensions-source-says.html

October 7, 2019

CALIFORNIA NEWS

University of California lowers rate of return to 6.75%
https://www.pionline.com/pension-funds/university-california-lowers-rate-return-675

San Jose taxpayers will shell out $1.4 million to fight retirees lawsuit
https://sanjosespotlight.com/san-jose-taxpayers-will-shell-out-1-4-million-to-fight-retirees-lawsuit/

The DOJ agrees: Calsavers is illegal
https://www.presstelegram.com/2019/10/06/the-doj-agrees-calsavers-is-illegal/

San Diego Labor union files suit to invalidate Prop B pension measure
https://www.sandiegouniontribune.com/communities/san-diego/story/2019-10-03/san-diego-labor-unions-file-suit-to-invalidate-prop-b-pension-measure

Opinion: California pension debt climbs despite strong economy
https://www.mercurynews.com/2019/10/06/opinion-california-pension-debt-climbs-despite-decade-of-soaring-stocks/

NATIONAL NEWS

East St. Louis Police Pension fund calls for state intercept of $1.8M, following fire pension demands
https://www.illinoispolicy.org/east-st-louis-police-pension-fund-calls-for-state-intercept-of-1-8m-following-fire-pension-demands/

DePasquale uses York City to warn others of pension funding mistakes
https://www.yorkdispatch.com/story/news/2019/10/05/depasquale-uses-york-city-warn-others-pension-funding-mistakes/3864437002/

Kankakee misses mark on pensions
https://www.daily-journal.com/news/local/kankakee-misses-mark-on-pensions/article_5fcd692a-e48d-11e9-aa76-a345c5ba66f8.html

October 4, 2019

NATIONAL NEWS

The New Realities of Work and Retirement
https://www.npr.org/2019/10/02/751797229/the-new-realities-of-work-and-retirement

‘Why is there nothing left?’ Pension funds failing at Catholic Hospitals
https://www.npr.org/2019/10/03/763512852/why-is-there-nothing-left-pension-funds-failing-at-catholic-hospitals

How Elizabeth Warren would boost labor rights
https://www.politico.com/news/2019/10/03/how-elizabeth-warren-would-boost-labor-rights-024199

Despite Rahm Emanuel’s tax hikes city pension debt grew by $7 billion since 2015. Here’s why
https://www.chicagotribune.com/investigations/ct-chicago-city-pension-fund-growth-20191003-tdb6ah5u6vdk7gh3zrn6p65wgu-story.html

Illinois pension conference cost taxpayers at least $8 million
https://wgntv.com/2019/10/03/illinois-pension-conference-cost-taxpayers-at-least-8-million/

State forces funding of East St. Louis pensions. What will that mean for city services?
https://www.bnd.com/news/politics-government/article235676817.html

State-district tensions swell over school pensions
https://www.edweek.org/ew/articles/2019/10/02/state-district-tensions-swell-over-school-pensions.html

October 3, 2019

CALIFORNIA NEWS

AT&T Sued over stale pension data, joining MetLife, US Bancorp
https://news.bloomberglaw.com/employee-benefits/at-t-sued-over-stale-pension-data-joining-metlife-us-bancorp

Opinion: Marin Voice: With penise crisis looming, Marin cities need to take steps now
https://www.marinij.com/2019/10/02/marin-voice-with-pension-crisis-looming-marin-cities-need-to-take-steps-now/

NATIONAL NEWS

Southeast Michigan carpenters union is facing a pension crisis. Here’s why
https://www.freep.com/story/money/business/2019/10/02/southeast-michigan-carpenters-pension-crisis/3819098002/

As Strike date set, Chicago Park District cites pension crisis urges workers to accept ‘a very fair offer’
https://www.chicagotribune.com/news/breaking/ct-chicago-park-district-strike-20191002-cyvikczqbfhmha5emfixfdi55i-story.html

Lower Asset Growth Hampers State and Local Pension Outlook
https://www.plansponsor.com/lower-asset-growth-hampers-state-local-pension-outlook/

October 2, 2019

CALIFORNIA NEWS

Hollywood taxpayers stuck spending millions on extra pension payouts
https://www.sun-sentinel.com/local/broward/hollywood/fl-ne-pensions-hollywood-13th-check-money-20191002-tpmal7qq6vbpfhlpygj774mtza-story.html

How taxpayers may wind up subsidizing Uber and WeWork’s losses
https://qz.com/1719019/wework-and-ubers-losses-may-be-subsidized-by-taxpayers/

Opinion: Pension report contains must-read information
https://www.marinij.com/2019/09/30/editorial-pension-report-contains-must-read-information/

NATIONAL NEWS

Public pension plans’ funding ratios inch up in 2018 though still flat overall
https://www.pionline.com/pension-funds/public-pension-plans-funding-ratios-inch-2018-though-still-flat-overall

New York State Common slates $915 million for private equity, real estate
https://www.pionline.com/searches-and-hires/new-york-state-common-slates-915-million-private-equity-real-estate

Pension proposal faces skepticism, support
https://www.abqjournal.com/1372820/pension-proposal-faces-skepticism-support.html

Disgraced Congressman Chris Collins Will Likely Lose His Federal Pension — No Member has even been stripped of Their Pension
https://www.forbes.com/sites/adamandrzejewski/2019/10/01/disgraced-congressman-chris-collins-will-likely-lose-his-federal-pension–no-member-has-ever-been-stripped-of-their-pension/#4e4ca8ad6c54

PA’s millions: pensions split on private-prison protest
https://www.inquirer.com/business/phillydeals/psers-sers-pension-investment-prison-securus-fillman-20191001.html

Union Carpenters and Millwrights facing pension cuts to remain solvent
https://www.wxyz.com/news/region/detroit/union-carpenters-and-millwrights-facing-pension-cuts-to-remain-solvent

Opinion: Be honest about CT’s pension problems
https://www.stamfordadvocate.com/opinion/article/Opinion-Be-honest-about-CT-s-pension-problems-14481622.php

October 1, 2019

NATIONAL NEWS

Opinion: Teachers Want Higher Pay, but Pensions Swallow Up the Money
https://www.wsj.com/articles/teachers-want-higher-pay-but-pensions-swallow-up-the-money-11569885425

Opinion: Pension report contains must-read information
https://www.marinij.com/2019/09/30/editorial-pension-report-contains-must-read-information/

Women in Pensions Network Celebrates Tenth Anniversary
https://www.marketwatch.com/press-release/women-in-pensions-network-celebrates-tenth-anniversary-2019-09-30

Opinion: Be Honest about CT’s pension problems
https://www.greenwichtime.com/opinion/article/Opinion-Be-honest-about-CT-s-pension-problems-14481622.php

Chris Collins to cash in on pension despite resigning in disgrace: expert
https://nypost.com/2019/09/30/chris-collins-to-cash-in-on-pension-despite-resigning-in-disgrace-expert/

September 30, 2019

CALIFORNIA

Pensions for Many California School Educators are too big
https://www.governing.com/news/headlines/Pensions-for-Many-California-School-Educators-Are-Too-Big.html

Opinion: Dick Spotswood – Marin Pension report’s good suggestions don’t go far enough
https://www.marinij.com/2019/09/28/dick-spotswood-marin-pension-reports-good-suggestions-dont-go-far-enough/

NATIONAL NEWS

How to solve the public pension crisis
https://www.barrons.com/articles/how-to-solve-the-public-pension-crisis-51569597082

Where does Bernie Sanders stand on retirement, pensions, and social security? It’s a Two-Legged Stool
https://www.forbes.com/sites/ebauer/2019/09/28/where-does-bernie-sanders-stand-on-retirement-pensions-and-social-security-its-a-two-legged-stool/#17d5ffdd5750

Union pension fund to slash benefits to avoid insolvency
https://www.crainsdetroit.com/finance/union-pension-fund-slash-benefits-avoid-insolvency

Council approves pension obligation
http://www.sungazette.com/news/top-news/2019/09/council-approves-pension-obligation/

Public Safety, Pensions and Lead: Mayor Barrett Announces 2020 Budget
https://milwaukeecourieronline.com/index.php/2019/09/28/public-safety-pensions-and-lead-mayor-barrett-announces-2020-budget/

Rogers City turns from pensions to Main Street
https://www.thealpenanews.com/news/local-news/2019/09/rc-turns-from-pensions-to-main-street/

John Lender: Two more ex-legislators get pumped-up state pensions after final ‘magic years’ in six-figure Malloy administration jobs
https://www.courant.com/politics/government-watch/hc-pol-lender-appointees-pensions-20190927-q2v2ljd4urcd3miu6xm26o7pve-story.html

Harrison Township refuses to address police union’s pension enhancement request
https://triblive.com/local/valley-news-dispatch/harrison-police-union-wants-enhancements-to-officers-pensions-in-line-with-chiefs/

 

September 27, 2019

NATIONAL NEWS

Commentary: Bankruptcy looms for Chicago if there’s no pension fix
https://www.chicagotribune.com/opinion/commentary/ct-opinion-bankruptcy-chicago-pensions-crisis-20190926-4iwzdnfcjzh2tac7pw6i5fbgea-story.html

Opinion: Pensions are good for CT
https://www.stamfordadvocate.com/opinion/article/Opinion-Pensions-are-good-for-CT-14468265.php

September 26, 2019

CALIFORNIA NEWS

California’s pension debt cannot be ignored
https://www.ocregister.com/2019/09/24/californias-pension-debt-cannot-be-ignored/

Hundreds of California school administrators have pensions that exceed IRS limits
https://www.sacbee.com/news/politics-government/the-state-worker/article235407962.html

How will California fix its underfunded teacher pensions?
https://www.sacbee.com/news/politics-government/article235467422.html

2020 may see tax battle royal
https://calmatters.org/commentary/california-2020-tax-battle-royal/

NATIONAL NEWS

10 Biggest Companies that offer pensions
https://finance.yahoo.com/news/10-biggest-companies-offer-pensions-141614149.html

Alarm at FCA pensions data showing 48% of pots accessed with no advice
https://www.internationalinvestment.net/news/4005278/alarm-fca-pensions-48-pots-accessed-advice

State investment council runs 2019 numbers on public-worker pensions
https://www.njspotlight.com/2019/09/state-investment-council-runs-the-2019-numbers-on-public-worker-pension-system/

SEPTA and Philadelphia reveal their investment managers’ profits while bigger state pensions resist disclosure
https://www.inquirer.com/business/psers-sers-philadelphia-pension-funds-incentive-payments-blackstone-apollo-20190926.html

Mayor Tom Barret: ‘Pension Structure is Not Fiscally Sustainable’
https://www.wuwm.com/post/mayor-tom-barrett-pension-structure-not-fiscally-sustainable#stream/0

Former Talen employees claim in lawsuit they were denied full pensions
https://www.mcall.com/business/mc-biz-talen-energy-retirees-lawsuit-20190925-cxhnbo7iu5hi3i57273uyqa3w4-story.html

 

September 25, 2019

CALIFORNIA NEWS

California’s pension debt cannot be ignored
https://calmatters.org/commentary/californias-pension-debt-cannot-be-ignored/

Gov. Newsom’s pension relief compounds funding inequities
https://edsource.org/reports/gov-newsoms-pension-relief-compounds-funding-inequities-hold-till-0001-on-9-24-19

City Falling behind on pensions — shortfall grows to $455 million
https://padailypost.com/2019/09/24/city-falling-behind-on-pensions-shortfall-grows-to-455-million/

NATIONAL NEWS

Pensions: What’s new this week
https://www.jdsupra.com/legalnews/pensions-what-s-new-this-week-99875/

Veterans among victims of $1 billion Ponzi scam, feds say. Man will face trial in SC
https://www.thestate.com/news/state/south-carolina/article235417627.html

Illinois’ $241B Pension debt still worst in nation despite record income tax hike
https://www.illinoispolicy.org/illinois-241b-pension-debt-still-worst-in-nation-despite-record-income-tax-hike/

The Future of Asset Management, Part III: Pensions — The Shift from Defined Benefits to Defined Contributions
https://www.bankingexchange.com/human-resources/item/7999-the-future-of-asset-management-part-iii-pensions-the-shift-from-defined-benefits-to-defined-contributions

Peoria Residents Face New Property Tax Fee Devoted Entirely to Pensions
https://www.illinoispolicy.org/peoria-residents-face-new-property-tax-fee-devoted-entirely-to-pensions/

Third Illinois city faces seizure of state funds for pensions
https://www.daily-journal.com/opinion/third-illinois-city-faces-seizure-of-state-funds-for-pensions/article_983a9bac-de07-11e9-b47b-375646bf6fda.html

Kentucky pension systems say audit is wrong, they’re complying with law
https://www.courier-journal.com/story/news/politics/2019/09/23/kentucky-retirement-systems-teachers-pensions-dispute-harmon-audit/2417062001/

Spring superviosrs approve $1.8M for employee pensions
https://www.wfmz.com/news/berks/spring-supervisors-approve-18m-for-pensions/1124518767

The Great Green Pension Hold-Up: Public Pensions as a Political Tool
https://capitalresearch.org/article/the-great-green-pension-hold-up-part-1/

September 24, 2019

CALIFORNIA NEWS

George Russell: Marin County public pensions are due for reform
https://www.marinij.com/2019/09/22/george-russell-marin-county-public-pensions-are-due-for-reform/

NATIONAL NEWS

Does Elizabeth Warren Believe Saving for Retirement is Possible? Turns Out, She Did – In 2005
https://www.forbes.com/sites/ebauer/2019/09/23/does-elizabeth-warren-believe-saving-for-retirement-is-possible-turns-out-she-didin-2005/#43e353736617

600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
https://www.ai-cio.com/news/600-plus-companies-adopt-nyc-pensions-proxy-access-agenda/

Group wants Illinois to divert $2.2M for East St. Louis firefighter pensions
https://www.thetelegraph.com/news/article/Group-wants-Illinois-to-divert-2-2M-for-East-St-14461318.php

Pension albatross leaves a Bay State brickyard and its workers in ‘survival mode’
https://www.bostonglobe.com/metro/2019/09/23/pension-albatross-leaves-bay-state-brickyard-and-its-workers-survival-mode/qTRBxEm26qHxZ8IJMLJxyK/story.html

WECT Investigates: Potential impacts for employees’ pensions if NHRMC is sold
https://www.wect.com/2019/09/23/wect-investigates-potential-impacts-employees-pensions-if-nhrmc-is-sold/

 

September 20, 2019

CALIFORNIA NEWS

Trump administration wants to kill California’s auto-IRA program
https://www.investmentnews.com/article/20190918/FREE/190919912/trump-administration-wants-to-kill-californias-auto-ira-program

Bill passes moving CalPERS, CalSTRS closer to divesting Turkish investments
https://www.pionline.com/legislation/bill-passes-moving-calpers-calstrs-closer-divesting-turkish-investments

California retiree health care severely underfunded
https://patch.com/california/across-ca/california-retiree-health-care-severely-underfunded

In Closed Session: Unfunded Liabilities Scary
http://www.gazettes.com/opinion/in_closed_session/in-closed-session-unfunded-liabilities-scary/article_e793fb7a-d953-11e9-84bf-670dfefdaf9b.html

Female Employees Accuse CalPERS Board Candidate of Inappropriate Behavior
https://fox40.com/2019/09/18/female-employees-accuse-calpers-board-candidate-of-inappropriate-behavior/

NATIONAL NEWS

Seniors will soon have their own IRS tax forms
https://www.cbs17.com/news/seniors-will-soon-have-their-own-irs-tax-form/

Illinois’ public pensions are 80.4% government funded, 7th highest in U.S.
https://www.tribuneledgernews.com/extra/news/illinois-public-pensions-are-percent-government-funded-th-highest-in/article_8fab8d84-d63f-5d74-a394-ce2cb0b3ad78.html

Third Domino falls: Illinois Comptroller set to confiscate East St. Louis revenues to pay for city’s firefighter pensions
https://madisonrecord.com/stories/513740681-third-domino-falls-illinois-comptroller-set-to-confiscate-east-st-louis-revenues-to-pay-for-city-s-firefighter-pensions

September 18, 2019

CALIFORNIA NEWS

CalPERS Commits More than $3 Billion to Real Estate
https://www.ai-cio.com/news/calpers-commits-3-billion-real-estate/

DOJ Shows ‘Interest’ in challenge to CalSavers program
https://www.pionline.com/courts/doj-shows-interest-challenge-calsavers-program

Marin elected leaders seek 10-year plan on pension costs
https://www.marinij.com/2019/09/16/marin-elected-leaders-seek-10-year-plan-on-pension-costs/

CalPERS Switches Developers for Sacramento project
https://www.wsj.com/articles/calpers-in-talks-with-hines-to-develop-sacramento-parcel-11568755606

NATIONAL NEWS

Pension Costs force suburban Illinois Village to Weigh New Property Tax
https://www.illinoispolicy.org/pension-costs-force-suburban-illinois-village-to-weigh-new-property-tax/

City of Springfield Needs $269M in Tax Hikes to Fund Pensions
https://www.illinoispolicy.org/city-of-springfield-needs-269m-in-tax-hikes-to-fund-pensions/

$250,000,000,000 and counting
https://www.chicagobusiness.com/greg-hinz-politics/250000000000-and-counting

Convicted Buncombe County officials still get hefty pensions
https://www.citizen-times.com/story/news/local/2019/09/17/convicted-buncombe-county-officials-still-receive-pensions-wanda-greene-mandy-stone/2313497001/

Support Legislation to Protect Pensions
https://bismarcktribune.com/opinion/letters/support-legislation-to-protect-pensions/article_6bc2810e-0999-560c-9e68-9052c0f8354d.html

Manchin, Colleagues send letter urging permanent funding for miners health care, pensions
http://wvmetronews.com/2019/09/16/manchin-colleagues-send-letter-urging-permanent-funding-for-miners-health-care-pensions/

September 17, 2019

CALIFORNIA NEWS

Index Funds face heightened risk from climate change
https://www.forbes.com/sites/jeffmcmahon/2019/09/16/index-funds-a-favorite-in-pensions-face-greater-risk-from-climate-change/#d6f0a9e4ca65

Climate change moves to top of investors’ list of ESG issues
https://www.pionline.com/esg/climate-change-moves-top-investors-list-esg-issues

NATIONAL NEWS

Survey Find 53 Percent of Likely Voters Oppose Dems’ Union Pension Bailout
https://www.theepochtimes.com/survey-finds-53-percent-of-likely-voters-oppose-dems-union-pension-bailout_3082697.html

Why a Casino Can’t fund Chicago’s pensions
http://www.chicagomag.com/city-life/September-2019/Why-a-Casino-Cant-Fund-Chicagos-Pensions/

Group traveling around Illinois, educating public on government pensions
https://www.kwqc.com/content/news/Group-traveling-around-Illinois-educating-public-on-government-pensions-560523941.html

Study: Rock Island County residents are paying more in property taxes to maintain pensions
https://wqad.com/2019/09/16/study-rock-island-county-residents-are-paying-more-in-property-taxes-to-maintain-pensions/

Special Monthly Pension provides financial assistance for veterans
http://www.thenewsenterprise.com/features/seniors/special-monthly-pension-provides-financial-assistance-for-veterans/article_5123f189-7c43-5957-8d8e-472b5fd31efc.html

Retired lower Merion Township officers owed more in pensions, appeals court rule
https://pennrecord.com/stories/513520663-retired-lower-merion-township-officers-owed-more-in-pensions-appeals-court-rules

September 13, 2019

CALIFORNIA NEWS

CalPERS allots $5.4 billion to real assets, looks to revise investment policy
https://www.pionline.com/searches-and-hires/calpers-allots-54-billion-real-assets-looks-revise-investment-policy

NATIONAL NEWS

Faith in a ‘Hidden Paycheck’ That could vanish for good
https://www.nytimes.com/2019/09/12/business/retirement/faith-in-a-hidden-paycheck-that-could-vanish-for-good.html

September 12, 2019

NATIONAL NEWS

CBO: Proposed Bailout of Failing Union Pension Funds Won’t Work, as Loans Will Go Unpaid
https://www.theepochtimes.com/cbo-proposed-bailout-of-failing-union-pensions-funds-will-not-work-as-loans-will-go-unpaid_3076811.html

Gov. Cuomo signs legislation to deliver pension and health benefits to 9/11 first responders, volunteers and workers
https://www.news10.com/news/gov-cuomo-signs-legislation-to-deliver-pension-and-health-benefits-to-9-11-first-responders-volunteers-and-workers/

Chicago/Illinois Pensions: What Does it take to get to reform? Insolvencies, Subsidies, rating agencies
https://www.forbes.com/sites/ebauer/2019/09/11/chicagoillinois-pensions-what-does-it-take-to-get-to-reform-insolvencies-subsidies-rating-agencies/#7840cc007c3a

Is Michigan school spending up or down? Pension problems muddy the answer
https://www.bridgemi.com/talent-education/michigan-school-spending-or-down-pension-problems-muddy-answer-0

Opinion: Minnesota stays committed to public employee pensions
https://www.sctimes.com/story/opinion/2019/09/11/minnesota-stays-committed-public-employee-pensions/2280003001/

Opinion: Our View, Time to retire unfair ‘double-dipping; charge
https://www.centralmaine.com/2019/09/10/our-view-time-to-retire-unfair-double-dipping-charge/

Opinion: Pension debate framing undermines all working people
https://www.hilltimes.com/2019/09/11/pension-debate-framing-undermines-all-working-people/214083

September 11, 2019

CALIFORNIA NEWS

CalPERS retirees have an election this fall. Check out candidates at Tuesday forum
https://www.sacbee.com/news/politics-government/the-state-worker/article234792217.html

Grocery strike probably averted; contract includes pay raises, pension bump
https://www.latimes.com/california/story/2019-09-09/strike-likely-stopped-grocery-workers-like-pay-raises-pension-bump

NATIONAL NEWS

Your pension plan benefits may not be as ironclad as you think
https://www.washingtonpost.com/business/2019/09/09/your-pension-plan-benefits-may-not-be-an-ironclad-you-think/

Advising Pensions & Endowments in Rocky Markets
https://www.planadviser.com/exclusives/advising-pensions-endowments-rocky-markets/

Former St. Clare’s workers sue Diocese of Albany over failed pension
https://www.timesunion.com/business/article/Former-St-Clare-s-workers-going-to-court-to-14427295.php

Illinois Public services Being Cut to Pay Unsustainable Pension Cost
https://www.illinoispolicy.org/reports/illinois-public-services-being-cut-to-pay-unsustainable-pension-cost/

Bailing out local governments’ underwater pension fund would exacerbate Illinois’ pension debt, inviting tax hikes on middle class Illinoisans.
https://www.illinoispolicy.org/state-bailout-of-local-pension-funds-would-bring-illinois-pension-debt-to-200b/

Local taxpayers’ contribution to county employees’ pensions up $700,000 from last year
https://observer-reporter.com/news/localnews/local-taxpayers-contribution-to-county-employees-pensions-up-from-last/article_5f13bfa8-d0dc-11e9-ab0d-33fe35e51222.html

Judge weighs $11.5 million settlement for hospital pensioners
https://turnto10.com/i-team/nbc-10-i-team-judge-weighs-1115-million-settlement-for-hospital-pensioners

Ways to create Your Own Pensions
https://wtvr.com/2019/09/10/ways-to-create-your-own-pension/

September 10, 2019

CALIFORNIA NEWS

Sweet deal: Some retired public employees’ pensions bigger than their salaries were
https://www.sfchronicle.com/bayarea/philmatier/article/Sweet-deal-Some-retired-public-employees-14420124.php

Long Beach releases details of tentative police contract, including 4% raise in first year
https://www.presstelegram.com/2019/09/09/long-beach-releases-details-of-tentative-police-contract-including-4-raise-in-first-year/

Police get expanded parental leave, pay more toward pensions in new contract
https://lbpost.com/news/lbpd-contract-union-parental-leave-pension

Opinion: A progressive view of California’s pension problem
https://www.whittierdailynews.com/2019/09/06/a-progressive-view-of-californias-pension-problem/

NATIONAL NEWS

Your pension plan benefits may not be as ironclad as you think
https://www.washingtonpost.com/business/2019/09/09/your-pension-plan-benefits-may-not-be-an-ironclad-you-think/?noredirect=on

Corporate Pension Funding Moves Closer to Worrisome 80% Level
https://www.bloomberg.com/news/articles/2019-09-09/corporate-pension-funding-moves-closer-to-worrisome-80-level

Virginia Retirement system returns 6.7% for fiscal year
https://www.pionline.com/pension-funds/virginia-retirement-system-returns-67-fiscal-year

McArdle: Chicago pledged to pay for pensions ‘later’; well, welcome to later
https://www.gainesville.com/opinion/20190909/mcardle-chicago-pledged-to-pay-for-pensions-later-well-welcome-to-later

September 9, 2019

CALIFORNIA NEWS

Sweet deal: Some retired public employees’ pensions bigger than their salaries were
https://www.sfchronicle.com/bayarea/philmatier/article/Sweet-deal-Some-retired-public-employees-14420124.php

California pension mistakes would cost cities — not retirees — under propose law
https://www.sacbee.com/news/politics-government/the-state-worker/article234770067.html

Grocery strike may be averted: Supermarkets and union reach tentative deal
https://www.latimes.com/business/story/2019-09-08/grocery-strike-may-be-averted-supermarkets-union-reach-tentative-deal

CalSTRS won’t vote on new asset allocation until November
https://www.pionline.com/pension-funds/calstrs-wont-vote-new-asset-allocation-until-november

NATIONAL NEWS

Low Interest Rates Create a Pension Problem for Companies
https://www.barrons.com/articles/low-interest-rates-create-a-pension-problem-for-companies-51567816796

Are Contribution Underpayments Really the Cause of Chicago’s Pension Woes?
https://www.forbes.com/sites/ebauer/2019/09/07/are-contribution-underpayments-really-the-cause-of-chicagos-pension-woes/#3b4cbf3e5355

Fact-check: Lightfoot wrongly goes for broke with Downstate pension claim
https://chicago.suntimes.com/2019/9/8/20853346/fact-check-lightfoot-politifact-downstate-public-pension-funds-insolvency

There’s no getting around it: We need a pension amendment
https://www.chicagobusiness.com/david-greising-government/theres-no-getting-around-it-we-need-pension-amendment

N.J. is facing a $1.2B public-worker pension time bomb
https://www.nj.com/politics/2019/09/nj-is-facing-a-12b-public-worker-pension-time-bomb.html

Oklahoma pension fund reports $4.2 million cybertheft
http://www.startribune.com/oklahoma-pension-fund-reports-4-2-million-cyber-theft/559578932/

By the numbers: Pennsylvania ranks 9th lowest on pension-plan funding
https://www.newspressnow.com/news/national/by-the-numbers-pennsylvania-ranks-th-lowest-on-pension-plan/article_b911291d-0402-5777-9b42-545351dc699e.html

Editorial: Over 2,000 PERS retirees collecting pensions over $100k
https://www.reviewjournal.com/opinion/editorials/editorial-over-2000-pers-retirees-collecting-pensions-over-100k-1843615/

Editorial: Years, hard work bring pension funds up to date
https://www.herald-dispatch.com/opinion/editorial-years-hard-work-bring-pension-funds-up-to-date/article_00a28011-8fd7-5a1f-9926-af8f3cb171e0.html

September 5, 2019

CALIFORNIA NEW

CalSTRS Investment Staff Wants Stock Reductions
https://www.ai-cio.com/news/calstrs-investment-staff-wants-stock-reductions/

NATIONAL NEWS

Secrets to Success in Managing a Pension Fund
https://www.bloomberg.com/opinion/articles/2019-09-03/secrets-to-success-in-managing-a-pension-fund

Custody Provider Legacy Trust Launches Crypto Pension Plan
https://finance.yahoo.com/news/custody-provider-legacy-trust-launches-101604473.html

Legacy Trust Launches Digital Asset Pension Plan
https://bitcoinmagazine.com/articles/legacy-trust-launches-digital-asset-pension-plan

Custody Provider Legacy Trust Launches Crypto Pension Plan
https://www.coindesk.com/custody-provider-legacy-trust-launches-crypto-pension-plan

LIMRA: U.S. Corporate executives still interested in shedding pension liabilities
https://www.pionline.com/pension-risk-transfer/limra-us-corporate-executives-still-interested-shedding-pension-liabilities

Lowering Chicago’s pension contributions would be seen ‘negatively’: S&P
https://chicago.suntimes.com/city-hall/2019/9/3/20848374/lowering-chicagos-pension-contributions-would-be-seen-negatively-s-p

S&P leans on Lightfoot to find pension fix
https://www.chicagobusiness.com/greg-hinz-politics/sp-leans-lightfoot-find-pension-fix

Springfield, Ill., Wants to Cut Police, Fire Pension Costs
https://www.governing.com/topics/finance/Springfield-Ill-Wants-to-Cut-Police-Fire-Pension-Costs.html

Illinois State Senate District 30: Pension loophole closed under new link law
https://lakecountygazette.com/stories/513460927-illinois-state-senate-district-30-pension-loophole-closed-under-new-link-law

Public, Church Pension Plans Face Similar Challenges
https://www.ai-cio.com/news/public-church-pension-plans-face-similar-challenges-2/

John Pelletier: A Tale of two states’ pension plans
https://vtdigger.org/2019/09/04/john-pelletier-a-tale-of-two-states-pension-plans/

September 4, 2019

NATIONAL NEWS

Starving Seniors: How America fails to feed its aging
https://khn.org/news/starving-seniors-how-america-fails-to-feed-its-aging/

It’s the insolvency, stupid — Why Pensions Really Are An Urgent Issue For Chicago
https://www.forbes.com/sites/ebauer/2019/09/03/its-the-insolvency-stupidwhy-pensions-really-are-an-urgent-issue-for-chicago/#54e2459e1118

Opinion: Hedi Heitkamp: Protect pensions now for millions of Americans
https://www.cnbc.com/2019/09/03/heidi-heitkamp-protect-pensions-now-for-millions-of-americans.html

Opinion: Can city operations be made more efficient?
https://www.chicagotribune.com/opinion/letters/ct-letters-vp-090419-20190903-hyf2yirpxvgoxd53ksqw6y4wf4-story.html

KCMO animal control workers fear losing jobs, pensions as city privatizes department
https://www.kshb.com/news/local-news/kcmo-animal-control-workers-fear-losing-jobs-pensions-as-city-privatizes-department

September 3, 2019

CALIFORNIA NEWS

Walters: California legislators mull the future of work
https://www.mercurynews.com/2019/08/29/walters-california-legislators-mull-the-future-of-work/

NATIONAL NEWS

Opinion: Low interest rates are compounding the big problems facing pension funds
https://www.marketwatch.com/story/low-interest-rates-are-compounding-the-big-problems-facing-pension-funds-2019-08-30

Mayor Lightfoot is Still not ready to lead on pensions
https://www.forbes.com/sites/ebauer/2019/09/01/mayor-lightfoot-is-still-not-ready-to-lead-on-pensions/#4e8d81597f1e

Lightfoot urges pensions changes, calls 3 percent COLA ‘unsustainable’
https://www.chicagobusiness.com/greg-hinz-politics/lightfoot-urges-pension-changes-calls-3-percent-cola-unsustainable

Opinion: Chicago kept saying it would pay for pensions later. Well, it’s later.
https://www.washingtonpost.com/opinions/chicago-kept-saying-it-would-pay-for-pensions-later-well-its-later/2019/08/30/473e4102-cb58-11e9-a4f3-c081a126de70_story.html

Opinion: Michigan cities must tackle pension debt
https://www.detroitnews.com/story/opinion/editorials/2019/08/31/editorial-michigan-cities-must-tackle-pension-debt/2152337001/

KCMO animal control workers fear losing jobs, pensions as city privatizes department
https://www.kshb.com/news/local-news/kcmo-animal-control-workers-fear-losing-jobs-pensions-as-city-privatizes-department

Opinion: CAFR show pensions still better than 401(k)s
https://www.gjsentinel.com/opinion/columns/cafr-show-pensions-still-better-than-k-s/article_0df49bde-cc76-11e9-a511-20677ce06c14.html

Asset Backward: State pension funds keep increasing risky investments as pension debt mounts
https://www.city-journal.org/state-pension-funds-investments-debt

Hunt on to cut police, fire pension costs
https://www.pjstar.com/news/20190901/hunt-on-to-cut-police-fire-pension-costs

August 30, 2019

CALIFORNIA NEWS

Powerful California Teachers Pension Fund Joins Lawsuit Against Facebook
https://finance.yahoo.com/news/powerful-california-teachers-pension-fund-195228044.html

Opinion: When California Pensions get bigger than big
https://www.ocregister.com/2019/08/26/when-california-pensions-get-bigger-than-big/

Op-Ed: Frustrated by the lack of action on climate change and gun violence? Divest
https://www.latimes.com/opinion/story/2019-08-23/divestment-uc-fossil-fuel-gun-control

California Gov. Puts Lendistry CIO on CalPERS Board
https://www.ai-cio.com/news/california-gov-puts-lendistry-cio-calpers-board/

Marin school district pension debt can top $24K per household
https://www.marinij.com/2019/08/26/marin-school-district-pension-debt-as-high-as-24k-per-household/

NATIONAL NEWS

If a recession is coming, pension managers need to prepare
https://thehill.com/opinion/finance/458777-if-a-recession-is-coming-pension-managers-need-to-prepare

Pensions. Taxes. Springfield. Here’s what to know about Mayor Lori Lightfoot’s speech on Chicago’s ‘staggering large’ budget woes
https://www.chicagotribune.com/politics/ct-cb-chicago-city-budget-lightfoot-20190830-mz4ps3wvhram5h6q7ocorw4ybe-story.html

Financial confidence soars as Huntington catches up on pensions
https://www.wowktv.com/news/local/financial-confidence-soars-as-huntington-catches-up-on-pensions/

 

August 29, 2019

CALIFORNIA NEWS

Powerful California Teachers Pension Fund Joins Lawsuit Against Facebook
https://finance.yahoo.com/news/powerful-california-teachers-pension-fund-195228044.html

Opinion: When California Pensions get bigger than big
https://www.ocregister.com/2019/08/26/when-california-pensions-get-bigger-than-big/

Op-Ed: Frustrated by the lack of action on climate change and gun violence? Divest
https://www.latimes.com/opinion/story/2019-08-23/divestment-uc-fossil-fuel-gun-control

California Gov. Puts Lendistry CIO on CalPERS Board
https://www.ai-cio.com/news/california-gov-puts-lendistry-cio-calpers-board/

Marin school district pension debt can top $24K per household
https://www.marinij.com/2019/08/26/marin-school-district-pension-debt-as-high-as-24k-per-household/

August 26, 2019

CALIFORNIA NEWS

CalPERS Introduces New Trust Portfolio to Ease Employers’ Woes
https://www.ai-cio.com/news/calpers-introduces-new-trust-portfolio-ease-employers-woes/

NATIONAL NEWS

No, Bernie Sanders’ Plan Won’t Rescue Multiemployer Pensions
https://www.forbes.com/sites/ebauer/2019/08/23/no-bernie-sanders-plan-wont-rescue-multiemployer-pensions/#3668d7a4398f

Blame The Fed for the Coming Pension Fund Crisis
https://seekingalpha.com/article/4287825-blame-fed-coming-pension-fund-crisis

Phoenix special election on light rail, pensions enters final phase
https://ktar.com/story/2701487/phoenix-special-election-on-light-rail-pensions-enters-final-phase/

Public Pensions to Benefit from State Surplus
https://www.rcnky.com/articles/2019/08/25/public-pensions-benefit-state-surplus

Lightfoot Looks to Springfield for more taxing power on high-end services, home sales
https://www.illinoispolicy.org/lightfoot-looks-to-springfield-for-more-taxing-power-on-high-end-services-home-sales/

Opinion: Chicago homeowners are suffocating under pensions and property tax hikes
https://www.washingtonexaminer.com/opinion/op-eds/chicago-homeowners-are-suffocating-under-pensions-and-property-tax-hikes

Rockford public safety pension costs to soar
https://www.rrstar.com/news/20190819/rockford-public-safety-pension-costs-to-soar

Opinion: An urgent call to stabilize multi-employer pension funds
https://www.timesunion.com/opinion/article/Commentary-An-urgent-call-to-stabilize-14372041.php

August 23, 2019

CALIFORNIA NEWS

Grocery-Worker Talks Are Progressing Slowly
https://southpasadenareview.com/grocery-worker-talks-are-progressing-slowly/

NATIONAL NEWS

Coal miners fight for better pensions under Trump
https://www.msnbc.com/morning-joe/watch/coal-miners-fight-for-better-pensions-under-trump-66863685798