Fighting Back on Retirement Benefits

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

August 22, 2019

CALIFORNIA NEWS

With pension burden climbing, California Highway Patrol agrees to delay some raises
https://www.sacbee.com/news/politics-government/the-state-worker/article234205077.html

NATIONAL NEWS

Coal workers fight for benefits as industry struggles under trump
https://www.nbcnews.com/politics/donald-trump/coal-workers-fight-benefits-industry-struggles-under-trump-n1044576

Will I have to wait until 75 for the state pension?
https://www.ft.com/content/2806351c-c331-11e9-a8e9-296ca66511c9

Public pensions will benefit from FY 2019 state surplus, panel told
https://www.lanereport.com/116246/2019/08/public-pensions-will-benefit-from-fy-2019-state-surplus-panel-told/

Complacency over cybersecurity could lead to serious pension losses
https://www.pensionsage.com/pa/Complacency-over-cybersecurity-could-lead-to-serious-pension-losses-SPB.php

August 20, 2019

CALIFORNIA NEWS

California’s slow-motion pension disaster
http://www.ocregister.com/californias-slow-motion-pension-disaster

Pioneer wonders about future with perspective of the past
https://www.pionline.com/consulting/pioneer-wonders-about-future-perspective-past

CalPERS Board Member Wants Internal Investigation into Leaks Made Public
https://www.ai-cio.com/news/calpers-board-member-wants-internal-investigation-leaks-made-public/

California slates bond issue to fund CalSTRS expansion project
https://www.pionline.com/pension-funds/california-slates-bond-issue-fund-calstrs-expansion-project

NATIONAL NEWS

Largest Local Governments in Michigan Carry $5.5B in Pension Debt
https://www.mackinac.org/largest-local-governments-in-michigan-carry-55b-in-pension-debt

Why we should be worried that many women are reliant on their partners’ pensions
https://www.cityam.com/why-we-should-be-worried-that-many-women-are-reliant-on-their-partners-pensions/

Government must tread carefully with pension reforms
https://news.sky.com/story/government-must-tread-carefully-with-pension-reforms-11789325

August 19, 2019

CALIFORNIA NEWS

A slow-motion disaster
https://calmatters.org/commentary/pensions-taxes-slow-motion-disaster/

Sacramento Firefighters union pushes back as city moves toward reducing healthcare benefits
https://fox40.com/2019/08/15/sacramento-firefighters-union-pushes-back-as-city-moves-toward-reducing-health-care-benefits/

Opinion: Why California should close failing school districts
https://www.vcstar.com/story/opinion/columnists/2019/08/17/why-california-should-close-failing-school-districts/2020468001/

Amid Concerns of a Recession, Pension Plan Returns fall short
https://www.governing.com/week-in-finance/gov-pension-plan-returns-falling-short-expectations.html

NATIONAL NEWS

U.S. equities, fixed income give boost to public plans
https://www.pionline.com/special-report/us-equities-fixed-income-give-boost-public-plans

Army pensions watchdog wades into taper tax battle
https://www.ft.com/content/3570eab0-be88-11e9-89e2-41e555e96722

DiNapoli: NY State Pension grows after shaky year in markets
https://www.newsday.com/news/region-state/new-york-pension-fund-1.35156746

City to put tax reimbursement towards pensions
https://www.ourmidland.com/news/article/City-to-put-nbsp-tax-reimbursement-toward-pensions-14307684.php

August 16, 2019

CALIFORNIA NEWS

Jerry Brown, his eye still on pensions, endorses candidate in CalPERS board election
https://www.sacbee.com/news/politics-government/the-state-worker/article233092102.html

California Surprise-Billing Law Lowers In-Network Payments: Study
https://www.medscape.com/viewarticle/916819

NATIONAL NEWS

U.S. Pensions Return 6.47% for Fiscal 2019, Miss Target
https://www.ai-cio.com/news/us-pensions-return-6-47-fiscal-2019-miss-target/

Army pensions watchdog wades into taper tax battle
https://www.ft.com/content/3570eab0-be88-11e9-89e2-41e555e96722

August 14, 2019

CALIFORNIA NEWS

Economic Impacts of CalPERS Pensions in California, FY 2017-18
https://www.calpers.ca.gov/page/about/organization/facts-at-a-glance/economic-impacts-pensions-california

NATIONAL NEWS

U.S. Pension returns trail targets for the first time in three years
https://www.crainscleveland.com/finance/us-pension-returns-trail-targets-first-time-three-years

Returns on public pensions slump to 3-year low
https://www.nwaonline.com/news/2019/aug/13/returns-on-public-pensions-slump-to-3-y/

Nearly 40% of Education Spending Consumed by Pension Costs
https://www.illinoispolicy.org/nearly-40-of-education-spending-consumed-by-pension-costs/

Opinion: Voters can make Phoenix transparent and responsible on pensions
https://www.washingtonexaminer.com/opinion/op-eds/voters-can-make-phoenix-transparent-and-responsible-on-pensions

Opinion: Why annuities should be part of your retirement
https://www.marketwatch.com/story/why-annuities-should-be-part-of-your-retirement-pension-2019-08-12

Privatization Pension Debt: In Government we trust
https://www.city-journal.org/privatization-pension-debt

August 13, 2019

CALIFORNIA NEWS

Economic Impacts of CalPERS Pensions in California, FY 2017-18
https://www.calpers.ca.gov/page/about/organization/facts-at-a-glance/economic-impacts-pensions-california

California Kaiser Permanente Workers Authorize Strike, Hospital Decries Process
https://www.nbclosangeles.com/news/local/California-Kaiser-Permanente-Workers-Authorize-Strike-538080041.html

Opinion: Spending other people’s money? Keep your promises
https://www.pe.com/2019/08/09/spending-other-peoples-money-keep-your-promises/

NATIONAL NEWS

U.S. Pension Returns Trail Targets for First Time in Three Years
https://www.bloomberg.com/news/articles/2019-08-12/u-s-pension-returns-trail-targets-for-first-time-in-three-years

University pensions: why are fresh strikes threatened?
https://www.ft.com/content/16bcb6ac-a3b8-11e9-974c-ad1c6ab5efd1

Pensions report investment values
https://www.nwaonline.com/news/2019/aug/12/pensions-report-investment-values-20190/

August 8, 2019

CALIFORNIA NEWS

Teachers, firefighters from California to New Jersey seek Chinese tech riches
https://www.latimes.com/business/story/2019-08-06/teachers-firefighters-from-california-to-new-jersey-seek-chinese-tech-riches

More than 1,000 public pensions in California are so big they exceed IRS limits
https://www.sacbee.com/news/politics-government/the-state-worker/article233539467.html

NATIONAL NEWS

A Modest Proposal to Solve Illinois’ Pension Woes
https://www.forbes.com/sites/ebauer/2019/08/07/a-modest-proposal-to-solve-illinois-pension-woes/#4a840b0a2815

Lawmakers demand Help for Union Pensions
https://www.plansponsor.com/exclusives/lawmakers-demand-help-union-pensions/

August 7, 2019

CALIFORNIA NEWS

Number of California public retirees in $100k club skyrockets, but they’re just part of the burden on state pension system
https://www.record-bee.com/2019/08/06/number-of-california-public-retirees-in-100k-club-skyrockets-but-theyre-just-part-of-the-burden-on-state-pension-system/

NATIONAL NEWS

Here’s how much your state spends on retirement
https://www.usatoday.com/story/money/2019/08/06/retirement-heres-how-much-your-state-spends-on-pension-funds/39871969/

America’s Pension Funds Fell Short in 2019
https://www.wsj.com/articles/americas-pension-funds-fell-short-in-2019-11565092806

Public pensions returns lowest in three years
https://www.foxbusiness.com/personal-finance/public-pensions-return-2019

Retired cops ‘getting away with murder’ by raking in fat pensions: report
https://nypost.com/2019/08/06/retired-cops-getting-away-with-murder-by-raking-in-fat-pensions-report/

Police and fire unions must lead on pension reform
https://www.chicagobusiness.com/opinion/police-and-fire-unions-must-lead-pension-reform

These New York police officers recently retired with $100,000 a year pensions
https://www.lohud.com/story/news/politics/elections/2019/08/06/these-new-york-police-officers-recently-retired-100-000-pensions/1933375001/

MassPRIM peerless among pension private equity performers: study
https://www.pehub.com/buyouts/massprim-peerless-among-pension-private-equity-performers-study/

Stenger Scandal Prompts St. Louis County Council to Block Pensions for Those Convicted of Corruption
https://news.stlpublicradio.org/post/stenger-scandal-prompts-st-louis-county-council-block-pensions-those-convicted-corruption#stream/0

August 6, 2019

CALIFORNIA NEWS

Number of public retirees in $100k club skyrockets, but they’re just part of the burden on state pension system
https://www.ocregister.com/2019/08/05/number-of-public-retirees-in-100k-club-skyrockets-but-theyre-just-part-of-the-burden-on-state-pension-system/

Number of pensioned public retirees in California’s $100K club skyrockets
https://www.timesheraldonline.com/2019/08/05/number-of-public-retirees-in-100k-club-skyrockets-but-theyre-just-part-of-the-burden-on-state-pension-system/

NATIONAL NEWS

Phoenix pension campaign supporters are sharing false information about the city’s debt
https://www.azcentral.com/story/news/politics/fact-check/2019/08/04/phoenix-proposition-106-supporters-share-false-data-pension-debt/1868910001/

Kentucky pension law seen as ‘negative’ for credit rating
https://www.state-journal.com/news/state_news/kentucky-pension-law-seen-as-negative-for-credit-rating/article_8964cc0f-a29d-5af9-8c29-e6310ca69dba.html

Burlison leads evaluation of Missouri pensions
https://sbj.net/stories/burlison-leads-evaluation-of-missouri-pensions,64981

August 5, 2019

CALIFORNIA NEWS

Local pension costs grew in California at nearly six times national rate, new data show
https://www.sacbee.com/news/politics-government/the-state-worker/article233372547.html

California’s Treasurer celebrates state’s tax-and spend addiction
https://www.record-bee.com/2019/08/03/californias-treasurer-celebrates-states-tax-and-spend-addiction/

NATIONAL NEWS

“Fiscal Democracy,” Autopilot Spending, And Pension Underfunding: A New Report
https://www.forbes.com/sites/ebauer/2019/08/01/fiscal-democracy-autopilot-spending-and-pension-underfunding-a-new-report/#7fa6362a68d7

Association created for global study of pensions
https://www.pionline.com/research/association-created-global-study-pensions

Should Pennsylvania tax pensions? Reactions range from ‘attack on retirees’ to reasonable concept’
https://www.mcall.com/opinion/mc-opi-pennsylvania-pension-retirement-tax-school-20190803-rcebsifinbdp5cl6llyzkouuhe-story.html

Whitmer: Delaying pension payments has ‘long-term costs’
https://www.detroitnews.com/story/news/local/michigan/2019/08/01/whitmer-delaying-road-funding-pensions/39878477/

Phoenix pension campaign supporters are sharing information about the city’s debt
https://www.azcentral.com/story/news/politics/fact-check/2019/08/04/phoenix-proposition-106-supporters-share-false-data-pension-debt/1868910001/

Readers React: New tax on pensions certainly won’t help seniors
https://www.mcall.com/opinion/readers-react/mc-opi-let-meagher-school-taxes-retirement-income-20190803-6iwvvuocizdwto5uwvzws7rn2u-story.html

August 2, 2019

Half of California workers have no retirement savings, says UC Berkeley report
https://www.mercurynews.com/2019/07/31/half-of-california-workers-have-no-retirement-savings-says-uc-berkeley-report/

“Fiscal Democracy,” Autopilot Spending, And pension Underfunding: A New Report
https://www.forbes.com/sites/ebauer/2019/08/01/fiscal-democracy-autopilot-spending-and-pension-underfunding-a-new-report/#4cc1842368d7

Local Pension costs grew in California at nearly six times national rate, new data show
https://www.sacbee.com/news/politics-government/the-state-worker/article233372547.html

Pension costs make California agencies ‘do less with more,’ Berkeley professor says
https://calcoasttimes.com/2019/08/01/pension-costs-make-california-agencies-do-less-with-more-berkeley-professor-says/

Sacramento CEO faces 5 years in prison for taking over $1 million from pensions
https://www.sacbee.com/news/local/crime/article233406057.html

With 6.8% Return, CalSTRS Narrowly Misses Target
https://www.ai-cio.com/news/6-8-return-calstrs-narrowly-misses-target/

UC, union workers reach tentative agreement including pay hikes of 20% or more
https://www.pe.com/2019/08/01/13000-union-workers-at-uc-reach-tentative-agreement-including-pay-hikes-of-20-or-more/

https://www.ocregister.com/2019/08/01/13000-union-workers-at-uc-reach-tentative-agreement-including-pay-hikes-of-20-or-more/

Grand jury calls for cities to be more transparent with pension costs
https://almanacnews.com/news/2019/08/01/grand-jury-calls-for-cities-to-be-more-transparent-with-pension-costs

NATIONAL NEWS

Senate to Deal with Union Pension Crisis After House Passes Butch Lewis Act
https://www.ai-cio.com/news/senate-deal-union-pension-crisis-house-passes-butch-lewis-act/

Connecticut Governor Strikes Deal to Save State Pension
https://www.ai-cio.com/news/connecticut-governor-strikes-deal-save-state-pension/

Whitmer: Delaying pension payments has ‘long-term cost
https://www.sfgate.com/news/article/Whitmer-Delaying-pension-payments-has-long-term-14273597.php

https://fox17online.com/2019/08/01/whitmer-delaying-pension-payments-has-long-term-cost/

Real Estate Drages Down Returns for Largest U.S. Pension Fund
https://www.costar.com/article/2113795534/real-estate-drags-down-returns-for-largest-us-pension-fund

Dignity Health agrees to $100M settlement in pension case
https://www.beckershospitalreview.com/legal-regulatory-issues/dignity-health-agrees-to-100m-settlement-in-pension-case.html

Proposition 106 is the wrong answer to Phoenix’s pension debt
https://www.azcentral.com/story/opinion/editorial/2019/08/01/proposition-106-wrong-answer-phoenix-pension-debt/1883879001/

Column: Pension crisis reaches beyond workers, businesses
https://www.dispatch.com/opinion/20190801/column-pension-crisis-reaches-beyond-workers-businesses