Fighting Back on Retirement Benefits

February 12, 2020

NATIONAL NEWS

Multiemployer pensions take center stage in 2020
https://www.washingtonexaminer.com/opinion/op-eds/multiemployer-pensions-take-center-stage-in-2020

How the GOP-controlled Senate is putting the pensions of 13 million Americans at risk https://www.alternet.org/2020/02/how-the-gop-controlled-senate-is-putting-the-pensions-of-1-3-million-americans-at-risk/

North Carolina public colleges are hiding officials who trigger ‘pension spiking’
https://www.thecollegefix.com/bulletin-board/north-carolina-public-colleges-are-hiding-officials-who-trigger-pension-spiking/

 

February 11, 2020

CALIFORNIA NEWS

CalSTRS revamps ESG guidelines
https://www.ai-cio.com/news/calstrs-revamps-esg-guidelines/

Plan advisers get some relief on proposed California privacy regs
https://www.investmentnews.com/plan-advisers-relief-ca-privacy-regulations-188132

SF corruption case: Nuru resigns in wake of fraud charges, but pension fight looms
https://www.sfchronicle.com/bayarea/article/SF-corruption-case-Nuru-resigns-in-wake-of-fraud-15045211.php

NATIONAL NEWS

Public college ‘pension spiking’ costs North Carolina taxpayers
https://www.nationalreview.com/corner/public-college-pension-spiking-costs-north-carolina-taxpayers/

Pension overhaul sent to full Senate
https://www.abqjournal.com/1419091/pension-overhaul-sent-to-full-senate.html

Kansas House looks ready to reject governor’s pension plan
https://kansaspublicradio.org/kpr-news/kansas-house-looks-ready-reject-governors-pension-plan

Trump renews call for higher fees to address pension insolvency
https://news.bloomberglaw.com/employee-benefits/trump-renews-call-for-higher-fees-to-address-pension-insolvency

Committee passes pension bill amid tense exchange
https://www.santafenewmexican.com/news/legislature/committee-passes-pension-bill-amid-tense-exchange/article_26c263fc-4c4c-11ea-99f9-e73a9c80b334.html

GE wants judge-led arbitration of $200 million pension dispute
https://news.bloomberglaw.com/employee-benefits/ge-wants-judge-led-arbitration-of-200-million-pension-dispute

February 3, 2020

CALIFORNIA NEWS

The biggest U.S. pension bought up Uber, Lyft, and beyond meat stock before they rallied
https://www.barrons.com/articles/the-biggest-u-s-pension-bought-up-uber-lyft-and-beyond-meat-stock-before-they-rallied-51580560226

Disgraced congressmen would lose their pensions for campaign crimes under this bill
https://www.modbee.com/news/local/article239811693.html

Scandal-embroiled DPW head still not fired, possibly still eligible for pension
https://sfist.com/2020/01/31/scandal-embroiled-dpw-head-still-not-fired-possibly-still-eligible-for-pension/

NATIONAL NEWS

Florida state pension back TPG’s rise fund II
https://www.institutionalinvestor.com/article/b1k4krnby5hfv4/Florida-State-Pension-Backs-TPG-s-Rise-Fund-II

 

Some Long Island educators retire with pension over $300K

https://nypost.com/2020/02/02/some-long-island-educators-retire-with-pensions-over-300k/

Rhode Island Governor Gina Raimondo’s 13 year-old “Loser’s Bonus” paid by state pension is not Wall Street business as usual
https://www.forbes.com/sites/edwardsiedle/2020/02/01/rhode-island-governor-gina-raimondos-13-year-losers-bonus-paid-by-state-pension-is-not-wall-street-business-as-usual/#46fa28db44a5

Oregon pension reforms lower costs, but stretch agency thin
https://www.oregonlive.com/politics/2020/02/oregon-pension-reforms-lower-costs-but-stretch-agency-thin.html

Beshear’s nidget would men tens of millions less than expected for KY pension funds
https://www.kentucky.com/news/politics-government/article239833358.html

Some good news for Oregon’s public pension system https://pamplinmedia.com/pt/9-news/450378-367047-some-good-news-for-oregons-public-pension-system

Pension crisis: US seeks to save flawed state benefits system
https://www.ft.com/content/758b6709-1d05-4feb-8206-e902f52f6696

 

Public pension reform s advance in New Mexico legislature

https://www.lcsun-news.com/story/news/local/new-mexico/2020/01/31/new-mexico-legislature-advance-proposal-public-pension-plan/2860834001/

Pritzker’s state of state address quiet on population loss, barely touches on pension debt
https://www.thecentersquare.com/illinois/pritzker-s-state-of-state-address-quiet-on-population-loss/article_31e5bb68-445d-11ea-91d8-93b44154aa48.html

 

January 31, 2020

NATIONAL NEWS

Public pension reforms advance in New Mexico Legislature
https://www.washingtontimes.com/news/2020/jan/30/public-pension-reforms-advance-in-new-mexico-legis/

KY lawmakers urged universities public agencies to leave pension system. None have.
https://www.kentucky.com/news/politics-government/article239798938.html

New report looks at Illinois’ pension system
https://newschannel20.com/news/local/new-report-looks-at-illinois-pension-system

Pension of former state police lieutenant suspended after overtime scandal conviction
https://www.wcvb.com/article/pension-suspended-former-lieutenant-john-giulino/30721251

January 30, 2020

CALIFORNIA NEWS

For many California cities, New Year brings higher pension bills
https://finance.yahoo.com/news/many-california-cities-brings-higher-140000705.html

Some big cities in California are still struggling under mountain of debt
https://www.eastbaytimes.com/2020/01/29/some-big-cities-in-california-still-struggling-under-mountain-of-debt/

NATIONAL NEWS

New York pension to coal companies: Evolve or we’ll divest
https://www.msn.com/en-us/money/mutualfunds/new-york-pension-to-coal-companies-evolve-or-well-divest/ar-BBZrO7q

N.J. public-worker pension fund just had a very good year
https://www.nj.com/politics/2020/01/nj-public-worker-pension-fund-just-had-a-very-good-year.html

Detroit Police and Fire pension official sued over 70% pay raise
https://www.clickondetroit.com/news/local/2020/01/29/detroit-police-and-fire-pension-official-sued-over-70-pay-raise/

Ohio pension plan would disclose manager fees, livestream meetings under new legislation
https://www.ai-cio.com/news/ohio-pension-plan-disclose-manager-fees-livestream-meetings-new-legislation/

Illinois’s mounting pension debt looms over Pritzker’s plans
https://www.bloomberg.com/news/articles/2020-01-29/illinois-s-mounting-pension-debt-looms-over-pritzker-s-plans

2019 retired N.Y. teacher’s pension review by the Empire Center
https://www.news10.com/news/2019-retired-n-y-teachers-pension-review-by-the-empire-center/

New York Teachers Pension commit $100M to direct lending fund
https://news.bloomberglaw.com/employee-benefits/new-york-teachers-pension-commits-100m-to-direct-lending-fund

January 29, 2020

NATIONAL NEWS

Amid cuts, House panel backs higher pensions for Georgia lawmakers
https://www.ajc.com/news/state–regional-govt–politics/amid-cuts-house-panel-backs-higher-pensions-for-georgia-lawmakers/LWOlOxbuej5G74v1zXS1YI/

Six key charts that prove why there is no alternative to pension reform in Illinois https://www.forbes.com/sites/ebauer/2020/01/28/six-key-charts-that-prove-why-there-is-no-alternative-to-pension-reform-in-illinois/#5c7999123b2b

Detroit police, fire pension fund board sues funds own investment committee
https://www.crainsdetroit.com/law/detroit-police-fire-pension-fund-board-sues-funds-own-investment-committee

Number of NY educators receiving $100K pensions surges
https://www.recordonline.com/news/20200128/number-of-ny-educators-receiving-100k-pensions-surges

Lockheed Martin secures $1.9 billion pension plan buyout
https://www.pionline.com/pension-risk-transfer/lockheed-martin-secures-19-billion-pension-plan-buyout

Beaver County pension funds earned $60M in 2019
https://www.timesonline.com/news/20200128/beaver-county-pension-funds-earned-60m-in-2019

 

January 27, 2020

CALIFORNIA NEWS

How to protect yourself from the collapsing pension system
https://www.nuwireinvestor.com/protect-collapsing-pension-system/

The bottom line: Vacaville’s debt warrants examination https://www.dailyrepublic.com/all-dr-news/opinion/local-opinion-columnists/the-bottom-line-vacavilles-debt-warrants-examination/

CALmatters Commentary: California faces big educational dilemma
https://www.dailyrepublic.com/all-dr-news/opinion/local-opinion-columnists/calmatters-commentary-california-faces-big-educational-dilemma/

Bonds are a risky way to deal with pension woes
https://www.sbsun.com/2020/01/26/bonds-are-a-risky-way-to-deal-with-pension-woes/

NATIONAL NEWS

The 1%: Illinois’ pension millionaires
https://www.effinghamdailynews.com/opinion/columns/the-illinois-pension-millionaires/article_a7b90e5e-4083-11ea-a7e5-0fc66eca525c.html

Stars have aligned for needed pension reform
https://www.lcsun-news.com/story/opinion/2020/01/26/stars-have-aligned-needed-pension-reform/4574738002/

Pension audit results discussed
http://altondailynews.com/news/details.cfm?clientid=17&id=297719#.Xi58hhNKhQI

Police officer work-related disability pension denied
https://www.businessinsurance.com/article/20200124/NEWS08/912332728/Police-officer-work-related-disability-pension-denied

Worldwide pension fund assets to rise to $61 trillion by 2025
https://www.ai-cio.com/news/worldwide-pension-fund-assets-rise-61-trillion-2025/

$24M found in DOW pension
https://www.thegardenisland.com/2020/01/26/hawaii-news/24m-found-in-dow-pensions/

S.C. governor wants to close state pension funds to new employees
https://www.pionline.com/pension-funds/sc-governor-wants-close-state-pension-funds-new-employees

Towns spending 33% of property taxes on pensions
https://www.dailyherald.com/news/20200126/towns-spending-33-of-property-taxes-on-pensions

January 22, 2020

CALIFORNIA NEWS

Voters deserve the truth on pension-driven tax hikes
https://www.washingtonexaminer.com/opinion/op-eds/voters-deserve-the-truth-on-pension-driven-tax-hikes

Manhattan Beach firefighter pay averages over $300,000 per year
https://californiaglobe.com/section-2/manhattan-beach-firefighter-pay-averages-over-300000-per-year/

NATIONAL NEWS

Cost to Stratford unknown in pension plan lawsuit; see the allegations
https://www.ctinsider.com/local/ctpost/article/Lawyer-Payout-unknown-in-Stratford-pension-plan-14992728.php

Huntington Woods puts police, fire pension millage on March ballot
https://www.candgnews.com/news/huntington-woods-puts-police-fire-pension-millage-on-march-ballot-116607

NYC pension funds pick advisors to help divest from fossil fuel firms
https://www.bondbuyer.com/news/nyc-pension-funds-pick-advisors-to-help-divest-from-fossil-fuel-firms

Former Hudson County jail deputy director’s bid to recoup full pension is rejected again
https://www.nj.com/hudson/2020/01/former-hudson-county-jail-officials-bid-to-recoup-full-pension-is-rejected-again.html

American Airlines fights class bid in pension calculation spat
https://news.bloomberglaw.com/employee-benefits/american-airlines-fights-class-bid-in-pension-calculation-spat

January 21, 2020

CALIFORNIA NEWS

Novato school district: Cuts loom if tax measure fails
https://www.marinij.com/2020/01/20/novato-schools-seek-voter-ok-for-measure-a/

NATIONAL NEWS

Arizona might become the 14th state to not tax military pensions
https://kjzz.org/content/1401571/arizona-might-become-14th-state-not-tax-military-pensions

Hawaii’s largest public pension fund hits a record $14B shortfall
https://www.staradvertiser.com/2020/01/18/hawaii-news/state-pension-funds-shortfall-widens-to-14b/

Howie Carr: Some pension piggies get two checks in the mail
https://www.bostonherald.com/2020/01/18/howie-carr-some-pension-piggies-get-two-checks-in-the-mail/

Judge rules against Stratford in pension lawsuit
https://www.ctpost.com/local/article/Judge-rules-against-Stratford-in-pension-lawsuit-14990367.php

Former Hudson County jail deputy director’s bid to recoup full pension is rejected again
https://www.nj.com/hudson/2020/01/former-hudson-county-jail-officials-bid-to-recoup-full-pension-is-rejected-again.html

Kelly’s $7.8B budget calls for staxing Hulu, delaying pension payments
https://hayspost.com/posts/5e21e7db7d7daa72b30eb2c1

Blair seeking pension plan study
https://www.altoonamirror.com/news/local-news/2020/01/blair-seeking-pension-plan-study/

NJ is set to change a key assumption about public-employee pension investments
https://www.njspotlight.com/2020/01/nj-is-set-to-change-a-key-assumption-about-public-employee-pension-investments/

Pension forfeitures after felonies awaits Senate action
https://www.khon2.com/top-stories/pension-forfeitures-after-felonies-awaits-senate-action/

January 17, 2020

CALIFORNIA NEWS

CalPERS Outlines Key Economic Risks for Next Decade
https://www.ai-cio.com/news/calpers-outlines-key-economic-risks-next-decade/

Los Angeles County Pension Focuses on Building Sources for Co-Investment Deals
https://www.wsj.com/articles/los-angeles-county-pension-focuses-on-building-sources-for-co-investment-deals-11579172400

Perris paid off $14.3 million in pension debt, while other California governments struggle with it
https://www.pe.com/2020/01/15/perris-paid-off-14-3-million-in-pension-debt-while-other-california-governments-struggle-with-it/

Petaluma ‘looked under every rock’ for pension crisis solution
https://www.petaluma360.com/news/10583223-181/petaluma-looked-under-every-rock

McClatchy Gets Standstill Agreement on Pension Payments
https://www.cfo.com/retirement-plans/2020/01/mcclatchy-gets-standstill-agreement-on-pension-payments/

NATIONAL NEWS

Will 2020 Deliver Union Pension Funding Solution?
https://www.planadviser.com/will-2020-deliver-union-pension-funding-solution/

First Circuit Concluded that Two Private Equity Funds Were Not Liable for Pension Fund Withdrawal Liability of Portfolio Company
https://www.natlawreview.com/article/first-circuit-concludes-two-private-equity-funds-were-not-liable-pension-fund

Clearlake’s Latest Fund Finds Favor with Connecticut Pension System
https://www.wsj.com/articles/clearlakes-latest-fund-finds-favor-with-connecticut-pension-system-11579131746

Massachusetts state pension, debt liability ‘at crisis level’
https://www.bostonherald.com/2020/01/16/massachusetts-state-pension-debt-liability-at-crisis-level/

Howie Carr: State pensions a costly kiss taxpayers underwrite
https://www.bostonherald.com/2020/01/16/howie-carr-state-pensions-a-costly-kiss-taxpayers-underwrite/

Is Gov. Pritzker Clueless or Reckless on Pensions?
https://www.forbes.com/sites/ebauer/2020/01/15/is-gov-pritzker-clueless-or-reckless-on-pensions/#afcecf67d931

Pension, retiree healthcare costs cited as big problems for Flint’s solvency
https://www.mlive.com/news/flint/2020/01/pension-retiree-healthcare-costs-cited-as-big-problems-for-flints-solvency.html

Pension fund approves health-care cuts
http://www4.toledoblade.com/local/2020/01/15/pension-board-approves-health-care-cuts/stories/20200115134

Ohio’s largest public pension system slashes health-care benefits for retirees: Capitol Letter
https://www.cleveland.com/open/2020/01/ohios-largest-public-pension-system-slashes-health-care-benefits-for-retirees-capitol-letter.html

Ohio Public Pension fund votes to shift health care costs to retirees
https://www.daytondailynews.com/business/opers-votes-shift-health-care-costs-retirees/QGmhUJpfpYl0dz2AnHpJtN/

Pa.’s $57 billion pension fund chooses a history teacher as new chair
https://www.inquirer.com/business/psers-trustees-chair-chris-santa-maria-melva-vogler-20200116.html

At Harrisburg pension panel, private equity firms pitch their soundness as investments
https://www.penncapital-star.com/government-politics/at-harrisburg-pensions-panel-private-equity-firms-pitch-their-soundness-as-investments/

Fewer Illinois taxpayers are on the hook for growing public sector pension liabilities
http://www.wjbc.com/2020/01/16/fewer-illinois-taxpayers-are-on-the-hook-for-growing-public-sector-pension-liabilities/

State Worker Who Allegedly Kept ‘Mouth Shut’ About ‘Rape in Champaign’ and Ghost Payrolling to Receive $2.7 Million in Pension Payments
https://www.illinoispolicy.org/state-worker-who-allegedly-kept-mouth-shut-about-rape-in-champaign-and-ghost-payrolling-to-receive-2-7m-in-pension-payments/

January 14, 2020

CALIFORNIA NEWS

Slugfest at a California conference has inspired a politician to propose a new law
https://www.latimes.com/california/story/2020-01-13/new-legislation-inspired-by-brawl-involving-commerce-officials

San Diego pension debt climbs past $3B for first time
https://www.sandiegouniontribune.com/communities/san-diego/story/2020-01-11/san-diego-pension-debt-climbs-past-3b-for-first-time

Los Angeles pension fund seeks to boost PE portfolio and performance
https://www.wsj.com/articles/los-angeles-pension-fund-seeks-to-boost-pe-portfolio-and-performance-11578951755

NATIONAL NEWS

Arizona’s state pension contends with ‘very troubling’ accounting errors
https://www.ai-cio.com/news/arizonas-state-pension-contends-troubling-accounting-errors/

Pension plans will boost hedge fund investments in 2020, study says
https://www.ai-cio.com/news/pension-plans-will-boost-hedge-fund-investments-2020-study-says/

Ducey calls for eliminating taces on military pensions
https://azbigmedia.com/business/politics/ducey-calls-for-eliminating-taxes-on-military-pensions/

Military pensions are creating a generation of millionaires
https://www.forbes.com/sites/impactpartners/2020/01/13/military-pensions-are-creating-a-generation-of-millionaires/#45f894108505

San Diego’s pension debt climbs past $3 billion for first time
https://www.kusi.com/san-diegos-pension-debt-climbs-past-3-billion-for-first-time/

Low-paid workers at risk of losing full state pension
https://www.ft.com/content/45c6a36a-35ec-11ea-a6d3-9a26f8c3cba4

Pension funding brings Cook County a downgrade
https://www.bondbuyer.com/news/pension-funding-brings-cook-county-illinois-a-downgrade

Kentucky’s pension systems could profit off of marijuana
https://spectrumnews1.com/ky/lexington/news/2020/01/13/kentucky-s-pension-systems-are-invested-in-the-marijuana-industry–

January 13, 2020

CALIFORNIA NEWS

California governor’s $222 billion budget introduces ambitious new policies
https://www.bondbuyer.com/news/california-governors-budget-introduces-ambitious-new-policies

San Diego pension debt climbs past $3B for first time
https://www.sandiegouniontribune.com/communities/san-diego/story/2020-01-11/san-diego-pension-debt-climbs-past-3b-for-first-time

NATIONAL NEWS

Oregon’s public pension fund had a solid year, just in time
https://www.oregonlive.com/politics/2020/01/oregons-public-pension-fund-had-a-solid-year-just-in-time.html

DC plans to look more like pension plans by 2025 – report
https://www.pionline.com/defined-contribution/dc-plans-look-more-pension-plans-2025-report

NC Treasurer Dale Folwell discusses state’s pension plan
r-dale-folwell-police-pension/83-6ef9c225-d400-4bcb-9f9e-17aac344f9aa

Texas pension committed at least $2.7 billion to private equity last year
https://www.wsj.com/articles/texas-pension-committed-at-least-2-7-billion-to-private-equity-last-year-11578655801

Arizona state pension is headed for ‘complete desperation,’ research group warns
https://www.ai-cio.com/news/arizona-state-pension-headed-complete-desperation-research-group-warns/

What states are doing to offset lower assumed returns
https://www.plansponsor.com/states-offset-lower-assumed-returns/

 

January 10, 2020

CALIFORNIA NEWS

Largest deal yet brewing for California’s new pension bond boom
https://www.bondbuyer.com/news/huntington-beach-may-issues-largest-california-pension-bond-in-years

Disgraced congressman Duncan Hunter will likely get $12 million from his federal pension – despite his felony guilty plea

https://www.forbes.com/sites/adamandrzejewski/2020/01/09/disgraced-congressman-duncan-hunter-will-likely-get-12-million-from-his-federal-pension–despite-his-felony-guilty-plea/#42c65212ae83

NATIONAL NEWS

‘Very troubling’ accounting errors at Arizona’s public pension fund could cost cities, state
https://www.azcentral.com/story/news/local/arizona-investigations/2020/01/09/arizona-public-safety-personnel-retirement-system-issues-warning-finances/2845835001/

NY Comptroller appoints director to oversee green investments for state pension fund amid calls for divestment from fossil fuels
https://www.nydailynews.com/news/politics/ny-comptroller-dinapoli-green-investments-fossil-fuels-pension-fund-20200109-gjtvktacq5fytht4cc2u3rgdyy-story.html

Philadelphia Board of Pensions launches international equity search
https://www.pionline.com/searches-and-hires/philadelphia-board-pensions-launches-international-equity-search

New York pension fund hires a director of sustainable investing
https://news.bloomberglaw.com/employee-benefits/new-york-pension-fund-hires-a-director-for-sustainable-investing

January 8, 2020

CALIFORNIA NEWS

Facing bankruptcy threat, McClatchy skips out on pension payments
https://moneyandmarkets.com/mclatchy-skips-pensions/

NATIONAL NEWS

Musicians’ pension plan seeks to cut benefits
https://www.nytimes.com/2020/01/07/arts/music/musicians-union-pension.html

Public pension funds shun hedge funds for private credit market
https://www.thenational.ae/business/banking/public-pension-funds-shun-hedge-funds-for-private-credit-market-1.961030

Meriden agrees to pay police chief $47K to settle pension dispute
https://www.myrecordjournal.com/News/Meriden/Meriden-News/meriden-pays-$47-000-to-settle-pension-calculation-dispute-with-outgoing-police-chief-jeffry-cossett.html

Kansas City school pension fund puts Fisher Investments on watch
https://www.pionline.com/investing/kansas-city-school-pension-fund-puts-fisher-investments-watch

Governor signs pension consolidation law
https://www.rblandmark.com/News/Articles/1-7-2020/Governor-signs-pension-consolidation-law/

Oak Lawn credit rating hits junk status amid skyrocketing pension costs
https://www.illinoispolicy.org/oak-lawn-credit-rating-hits-junk-status-amid-skyrocketing-pension-costs/

Pension plans’ struggles continue despite big investment gains
https://www.cfo.com/retirement-plans/2020/01/pension-plans-struggles-continue-despite-big-investment-gains/

January 7, 2020

CALIFORNIA NEWS

Duncan Hunter will probably get his congressional pension despite guilty plea
https://www.latimes.com/california/story/2020-01-06/hunter-taxpayer-funded-pension-guilty-plea

NATIONAL NEWS

Kansas governor turns to pensions for budget breathing room
https://www.washingtontimes.com/news/2020/jan/6/kansas-governor-turns-to-pensions-for-budget-breat/

Divesting from fossil fuels will save pensioners – and everyone else
https://www.minnpost.com/community-voices/2020/01/divesting-from-fossil-fuels-will-save-pensioners-and-everyone-else/

Arizona state pension is headed for ‘complete desperation,’ research group warns
https://www.ai-cio.com/news/arizona-state-pension-headed-complete-desperation-research-group-warns/

City of Jacksonville sues former pension fund head John Keane
https://www.jacksonville.com/news/20200106/city-of-jacksonville-sues-former-pension-fund-head-john-keane

Providence attorney pleads guilty to stealing city pension of dead client for 12 years
https://www.golocalprov.com/news/Providence-Attorney-Pleads-Guilty-to-Stealing-City-Pension-of-Dead-Client-f

Pennsylvania pension fund turns to SimCorp for investment operations help
https://www.institutionalinvestor.com/article/b1jshwfzwf0ws5/Pennsylvania-Pension-Fund-Turns-to-SimCorp-for-Investment-Operations-Help

Athene closes $6 billion in total pension risk transfer deals in 2019
https://www.reinsurancene.ws/athene-closes-6-billion-in-total-pension-risk-transfer-deals-in-2019/

 

January 6, 2020

CALIFORNIA NEWS

California’s long track record of promises made but not kept
https://www.dailybreeze.com/2020/01/05/californias-long-track-record-of-promises-made-but-not-kept/

Simi Valley Pension Obligation Bonds: A risky financing maneuver without a public vote
https://www.vcstar.com/story/opinion/editorials/2020/01/04/simi-valley-pension-obligation-bonds-risky-maneuver-without-public-vote/2797589001/

NATIONAL NEWS

Maryland pension system halted investments in TEDCO fund amid agency’s troubles
https://www.bizjournals.com/baltimore/news/2020/01/03/maryland-pension-system-halted-investments-in.html

Public pension funding crisis: Why should today’s workers and retirees pay the price?
https://www.forbes.com/sites/ebauer/2020/01/04/public-pension-funding-crisis-why-should-todays-workers-and-retirees-pay-the-price/#2f6a31a95dc3

Lawmakers warned on pension fund for retired
https://www.houstonchronicle.com/news/houston-texas/houston/article/Lawmakers-warned-on-pension-fund-for-retired-14951206.php

As Illinois moves to consolidate local police and fire pension funds, Evanston and Skokie officials await the results
https://www.chicagotribune.com/suburbs/evanston/ct-evr-police-fire-pensions-tl-0102-20200103-26sdxm4f4jdobl4zmwxvviiyve-story.html

MetLife to pay SEC $10 million fine over pension accounting violations
https://www.ai-cio.com/news/metlife-pay-sec-10-million-fine-pension-accounting-violations/

Maryland pension system halted investments in TEDCO fund amid agency’s troubles
https://www.bizjournals.com/baltimore/news/2020/01/03/maryland-pension-system-halted-investments-in.html

 

January 3, 2020

NATIONAL NEWS

Strong Returns Have Not Improved Funded Status for Corporate Pensions
https://www.institutionalinvestor.com/article/b1jqplnymh3m6f/Strong-Returns-Have-Not-Improved-Funded-Status-for-Corporate-Pensions

Retired Southern Illinois coal miners and widow celebrate federal deal to save their pensions
https://thesouthern.com/news/local/govt-and-politics/retired-southern-illinois-coal-miners-and-widows-celebrate-federal-deal/article_0af38d3a-99b1-5ba4-92db-c37f7407c6d4.html

December 20, 2019

CALIFORNIA NEWS

Climate change threatens billions in CalPERS pension fund
https://www.latimes.com/environment/story/2019-12-19/climate-change-threatens-billions-in-calpers-pension-fund

California won’t release its spending records
https://hotair.com/archives/jazz-shaw/2019/12/19/california-wont-release-spending-records/

NATIONAL NEWS

Former fire chief charged with larceny will keep public pension
https://www.wcvb.com/article/former-fire-chief-charged-with-larceny-will-keep-public-pension/30288267#

PGIM lends $240M on pension fund’s buy of major Houston office building
https://commercialobserver.com/2019/12/pgim-lends-240m-on-pension-funds-buy-of-major-houston-office-building/

Olive Garden owner sees profits plunge due to pension hit
https://www.foxbusiness.com/markets/olive-garden-owner-darden-restaurants-profits-plunge-pension-hit

Spending bill aims to rescue some workers’ pensions, but not everyone makes the cut
https://www.cnbc.com/2019/12/19/spending-bill-poised-to-rescue-some-workers-pensions.html

Illinois consolidates 649 police and firefighter pension funds
https://www.pionline.com/legislation/illinois-consolidates-649-police-and-firefighter-pension-funds

Pritzker merges pension funds in cost-cutting move
https://www.nbcchicago.com/news/local/chicago-politics/pritzker-merges-pension-funds-in-cost-cutting-move/2190994/

Can Marijuana help solve Kentucky’s pension woes?
https://www.ai-cio.com/news/can-marijuana-help-solve-kentuckys-pension-woes/

Mississippi sets rule on pensions and legislative service
https://www.clarionledger.com/story/news/2019/12/19/mississippi-sets-rule-pensions-and-legislative-service/2701523001/

Largest U.S. state pension funds cut assumed returns: Pew
https://news.bloomberglaw.com/employee-benefits/largest-u-s-state-pension-funds-cut-assumed-returns-pew

Keicher witnesses signing of pension consolidation bill
https://www.daily-chronicle.com/2019/12/19/keicher-witnesses-signing-of-pension-consolidation-bill/asma66c/

Pension benefits from distressed firms cannot be cut by more than half, court rules
https://www.pionline.com/courts/pension-benefits-distressed-firms-cannot-be-cut-more-half-court-rules

December 19, 2019

CALIFORNIA NEWS

These inland agencies have the highest unfunded pension debt
https://www.pe.com/2019/12/18/these-inland-agencies-have-the-highest-unfunded-pension-debt/

State can help pay UC, CSU’s pension costs, legislative analyst says
https://edsource.org/reports/state-can-help-pay-uc-csus-pension-costs-legislative-analyst-says

NATIONAL NEWS

Gov. Pritzker enacts pension consolidation for first responders
https://wgem.com/2019/12/18/gov-pritzker-enacts-pension-consolidation-for-first-responders/

Kentucky makes changes to free pension from funding ‘death spiral’
https://www.ai-cio.com/news/kentucky-makes-changes-free-pension-funding-death-spiral/

MetLife agrees to $10 million SEC fine over pension-related accounting violations
https://www.wsj.com/articles/metlife-agrees-to-10-million-sec-fine-over-pension-related-accounting-violations-11576723208

Pittsburgh Council kills pension enhancement amendment
https://triblive.com/local/pittsburgh-allegheny/pittsburgh-council-kills-pension-enhancement-amendment/

Congress reaches deal to prop up coal miners’ pension fund
https://www.mcall.com/news/pennsylvania/mc-nws-pa-coal-pension-fund-bailout-20191218-tw5ojamlkvczfgx27kgrispyja-story.html

Chicago Park District outlook slips on pension woes
https://www.bondbuyer.com/news/chicago-park-district-outlook-slips-on-pension-woes

December 16, 2019

CALIFORNIA NEWS

What, us worry? California lawmakers still ignoring dark pension clouds.
https://reason.com/2019/12/13/what-us-worry-california-lawmakers-still-ignoring-dark-pension-clouds/

NATIONAL NEWS

Foss: St. Clare’s pension crisis worse than thought
https://dailygazette.com/article/2019/12/14/foss-pension-crisis-worse-than-thought

Pension news dampens Regents meeting
https://www.murrayledger.com/news/local/pension-news-dampens-regents-meeting/article_e9bab740-1e1d-11ea-af4d-db569c8bf191.html

U.S. Bank’s pension stance ‘defies reality,’ Supreme Court told
https://news.bloomberglaw.com/employee-benefits/u-s-banks-pension-stance-defies-reality-supreme-court-told

2019 a good year for Hamden’s pension fund
https://www.newhavenindependent.org/index.php/archives/entry/2019_hamdens_pension/

December 10, 2019

CALIFORNIA NEWS

EDITORIAL: California town paying police more in pensions than salary
https://www.reviewjournal.com/opinion/editorials/editorial-california-town-paying-police-more-in-pensions-than-salary-1910081/

NATIONAL NEWS

Detroit pension investment official to get 75% raise, signing bonus as contractor
https://www.detroitnews.com/story/news/local/detroit-city/2019/12/09/detroit-pension-investment-official-kenneally-raise-signing-bonus-contractor/2633097001/

Council to consider sweeter pension benefits for Harris, other officials
https://www.post-gazette.com/local/city/2019/12/09/Pittsburgh-Council-considers-sweeter-pension-benefits-elected-officials/stories/201912090097

Pittsburgh City Council wants to eliminate pension provision
https://triblive.com/local/pittsburgh-allegheny/pittsburgh-city-council-wants-to-eliminate-pension/

Illinois’ unfunded pension liabilities $500 million more than expected
https://www.ai-cio.com/news/illinois-unfunded-pension-liabilities-500-million-expected/

How military pension tax exemptions could help recruitment in Indiana
https://fox59.com/2019/12/09/how-military-pension-tax-exemptions-could-help-recruitment-in-indiana/

December 9, 2019

CALIFORNIA NEWS

California pension fund financing its $281million riverfront tower with green bonds
https://www.sacbee.com/news/politics-government/the-state-worker/article238082204.html

True to form, lawmakers ignore dark pension clouds
https://www.ocregister.com/2019/12/06/true-to-form-lawmakers-ignore-dark-pension-clouds/

CalPERS slashes equity emerging managers program
https://www.pionline.com/pension-funds/calpers-slashes-equity-emerging-managers-program

Walters: Bait and switch on pensions in Oakland and beyond
https://www.mercurynews.com/2019/12/08/walters-bait-and-switch-on-pensions-in-oakland-and-elsewhere-in-the-state/

NATIONAL NEWS

Illinois spent $8.5 million to cut its pension debt. It wasn’t enough.
https://www.dailyherald.com/news/20191207/illinois-spent-85-billion-to-cut-its-pension-debt-it-wasnt-enough

School pension costs to rise about $100 million next year but that’s good news
https://www.pennlive.com/news/2019/12/school-pension-costs-to-rise-about-100-million-next-year-but-thats-good-news.html

Columbus Board of Education picks up full cost of administrators’ pension payments, frustrating teachers
https://www.dispatch.com/news/20191208/columbus-board-of-education-picks-up-full-cost-of-administrators-pension-payments-frustrating-teachers

Official: Pittsburgh pension funds on the rise
https://triblive.com/local/pittsburgh-allegheny/official-pittsburgh-pension-funds-on-the-rise/

Aldeman: Two alternatives to New York City’s Teacher Pension System, which most retirees will never collect from
https://www.the74million.org/article/aldeman-two-alternatives-to-new-york-citys-teacher-pension-system-which-most-retirees-will-never-collect-from/

December 6, 2019

CALIFORNIA NEWS

CalSTRS goes green with muni bond debut
https://www.pionline.com/investing/calstrs-goes-green-muni-bond-debut

NATIONAL NEWS

Springfield’s shortfall illustrates broader pension problem https://www.nprillinois.org/post/springfield-s-shortfall-illustrates-broader-pension-problem#stream/0

NC pension plan a rarity among more ‘optimistic’ states
https://www.laurinburgexchange.com/news/31569/nc-pension-plan-a-rarity-among-more-optimistic-states

Retirees turn out to oppose pension change
https://www.abqjournal.com/1398031/retirees-turn-out-to-oppose-pension-changes.html

Governor, key legislators endorse pension changes
https://www.abqjournal.com/1397498/governor-key-legislators-endorse-pension-changes.html

December 4, 2019

NATIONAL NEWS

Governor backs increased pension contributions, former executive returns as Sanida Labs Director https://www.kunm.org/post/governor-backs-increased-pension-contributions-former-executive-returns-sandia-labs-director

Connecticut to stop investing pension money in gun manufacturers
https://www.cbsnews.com/news/connecticut-pension-fund-to-divest-30-million-from-gun-companies/

Governor, key legislators back pension changes
https://www.abqjournal.com/1397498/governor-key-legislators-endorse-pension-changes.html

Bevin: ‘The pension system is going to fail in Kentucky’
https://www.wlky.com/article/bevin-the-pension-system-is-going-to-fail-in-kentucky/30110310#

Torstar Corporation announces completion of merger of defined benefit pension plans into the CAAT pension plan
https://finance.yahoo.com/news/torstar-corporation-announces-completion-merger-003900214.html

Quincy leaders look at how to tackle pension problems
https://wgem.com/2019/11/03/quincy-leaders-look-at-how-to-tackle-pension-problems/

Sun Capital Update: First Circuit finds private equity funds no liable for portfolio company’s pension liabilities
https://www.natlawreview.com/article/sun-capital-update-first-circuit-finds-private-equity-funds-not-liable-portfolio

Rowland: Pritzker not serious about fixing state’s pension crisis
https://www.rantoulpress.com/opinion/rowland-pritzker-not-serious-about-fixing-state-s-pension-crisis/article_7b09e454-15fa-11ea-af4e-dbbbaa8b623a.html

Illinois Policy’s Adam Schuster on Illinois’ $200B pension mess
https://1440wrok.com/illinois-policys-adam-schuster-on-illinois-200b-pension-mess/

December 3, 2019

CALIFORNIA NEWS

Walters: Will Newsom increase aid to schools in 2020-21 budget?
https://www.mercurynews.com/2019/12/02/walters-will-california-schools-get-more-state-aid-in-newsoms-2020-21-budget/

Corporations are agreeing more to CalPERS diversity demands
https://www.ai-cio.com/news/corporations-agreeing-calpers-diversity-demands/

Government officials face pension costs
https://www.smdailyjournal.com/news/local/government-officials-face-pension-costs/article_1e5e8de4-14a7-11ea-9d5d-03f8890fef28.html

CalPERS has $17.45 million stake in HD Supply Holdings Inc.
https://mitchellmessenger.com/2019/12/03/california-public-employees-retirement-system-boosts-stake-in-hd-supply-holdings-inc-nasdaqhds-updated-updated-updated.html

CalPERS acquires 104,846 shares of Dell Inc.
https://slatersentinel.com/news/2019/12/02/california-public-employees-retirement-system-increases-holdings-in-dell-inc-nysedell-updated-updated-updated.html

NATIONAL NEWS

Why the US pension system may need a federal bailout https://www.barrons.com/video/why-the-us-pension-system-may-need-a-federal-bailout/E6465767-5D1F-4C0C-AA8B-94A2E7102236.html

UMWA opposes proposal to save multiemployer pension plans; says it does nothing for miners
dominionpost.com/2019/12/02/umwa-opposes-proposal-to-save-multiemployer-pension-plans-says-it-does-nothing-for-miners/

Local legislators mostly in support of recent public safety pension consolidation
http://www.wspynews.com/news/local/local-legislators-mostly-in-support-of-recent-public-safety-pension/article_c7463424-152a-11ea-b222-af88def9c115.html

Pension settlement expense leads to overall fiscal 2018-19 loss for Cone Health
https://www.greensboro.com/business/pension-settlement-expense-leads-to-overall-fiscal—loss/article_eb09859a-b0fb-5f24-8ba6-1a69ddc32ab5.html

PE Daily: Pennsylvania’s Pension Pushback
https://www.wsj.com/articles/pe-daily-pennsylvanias-pension-pushback-dyal-capital-raises-record-9-billion-gpbs-fresh-fight-are-lps-recession-ready-11575293629