Fighting Back on Retirement Benefits

April 3, 2020

CALIFORNIA NEWS

Santa Barbara COunty Employee Retirement System Takes Big Pension Hit
https://www.noozhawk.com/article/santa_barbara_county_employee_retirement_systems_takes_big_pension_hit

NATIONAL NEWS

Pension Funds Will Take a Big Coronavirus Hit
https://www.bloomberg.com/opinion/articles/2020-04-01/pension-funds-will-take-a-big-coronavirus-hit

Coronavirus is the Tipping Point That Just Upended Pensions
https://marker.medium.com/coronavirus-is-the-tipping-point-that-just-upended-pensions-2c301a2d09ab

Pensions in a Pandemic: Is One Man’s Bailout Another Man’s Pension Funding Relief?
https://www.forbes.com/sites/ebauer/2020/04/02/pensions-in-a-pandemic-is-one-mans-bailout-is-another-mans-pension-funding-relief/#267afa947617

Coronavirus guts pension funding levels
https://www.benefitspro.com/2020/04/02/coronavirus-guts-pension-funding-levels/

COVID-19 takes bite out of U.S. corporate pension plans
https://www.globenewswire.com/news-release/2020/04/02/2010895/0/en/COVID-19-takes-bite-out-of-U-S-corporate-pension-plans.html

Steady pension funding improvements since financial crisis
https://www.pionline.com/interactive/steady-pension-funding-improvements-financial-crisis

The Public Sector Pension Investment Board makes strategic investment in SitusAMC
https://apnews.com/PR%20Newswire/67fc6ebe3e45512c368443b128560b56

New Jersey makes pension contribution despite coronavirus upheaval
https://www.pionline.com/pension-funds/new-jersey-makes-pension-contribution-despite-coronavirus-upheaval

Peoria Firefighters Pension Fund Prepares for “Worst-Case Scenario”
https://www.wglt.org/post/peoria-firefighters-pension-fund-prepares-worst-case-scenario#stream/0

Vermont National Guard on a COVID-19 Mission, Printed PPE, Pension Funds and Hungry Bears
https://www.vpr.org/post/vermont-national-guard-covid-19-mission-printed-ppe-pension-funds-and-hungry-bears#stream/0

Kentucky budget keeps higher education funding steady, won’t increase pension burden
https://wkuherald.com/coronavirus/kentucky-budget-keeps-higher-education-funding-steady-wont-increase-pension-burden/article_a404c924-7526-11ea-b8b0-5fc60ef596f2.html

No new cases; state freezes pensions for quasi-government agencies
https://www.richmondregister.com/news/coronavirus/no-new-cases-state-freezes-pensions-for-quasi-government-agencies/article_f551bec3-13b9-5ba5-8bc7-c90a3744c251.html

April 1, 2020

NATIONAL NEWS

U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
https://www.nytimes.com/reuters/2020/03/31/business/31reuters-health-coronavirus-portfolio-rebalancing.html

Private sector workers/retirees, is your pension plan at risk from the coronavirus crisis?
https://www.forbes.com/sites/ebauer/2020/03/30/private-sector-workersretirees-is-your-pension-plan-at-risk-from-the-coronavirus/#5bd488107873

How New York City pension funds are vulnerable to coronavirus hit
https://www.bondbuyer.com/news/how-new-york-city-pension-funds-are-vulnerable-to-coronavirus-hit

Milliman analysis: Estimated cost of retiree pension risk transfer climbs from 104.6% to 105.2% in February
https://finance.yahoo.com/news/milliman-analysis-estimated-cost-retiree-163000957.html

Murphy: NJ will make its scheduled pension payment amid coronavirus outbreak
https://www.burlingtoncountytimes.com/news/20200331/murphy-nj-will-make-its-scheduled-pension-payment-amid-coronavirus-outbreak

NYC pension system negotiates deals with 5 firms on gender discrimination
https://www.pionline.com/governance/nyc-pension-system-negotiates-deals-5-firms-gender-discrimination

March 30, 2020

CALIFORNIA NEWS

Crisis reveals big financial shortcomings
https://calmatters.org/commentary/california-coronavirus-economic-pension-tax-financial-crisis/

Borenstein: CalPERS unprepared for the coronavirus recession
https://www.mercurynews.com/2020/03/28/borenstein-calpers-unprepared-for-the-coronavirus-recession/

NATIONAL NEWS

U.S. Public Pensions Lose $1 Trillion from Market Crash
https://www.ai-cio.com/news/us-public-pensions-lose-1-trillion-market-crash/

Pensions, food stamps, infrastructure: What congress might include in its next coronavirus relief package
https://www.newsweek.com/pensions-food-stamps-infrastructure-what-congress-might-include-its-next-coronavirus-relief-1494581

Op-Ed: As coronavirus cripples the US economy, lawmakers must fix another looming problem
https://www.cnbc.com/2020/03/20/op-ed-lawmakers-must-fix-another-looming-economic-problem.html

State pension fund takes a hit, but credit ratings could be the real concern
https://www.bostonglobe.com/2020/03/27/business/state-pension-fund-takes-hit-credit-ratings-could-be-real-concern/

Bobby Harrison: Stock market dive brings attention to that third rail – state pension plan
https://www.djournal.com/opinion/bobby-harrison-stock-market-dive-brings-attention-to-that-third/article_d9116648-e0c1-5564-8a7c-8239dbffd0de.html#disqus_thread

Kentucky lawmakers agree to fully fund teachers’ pensions without caveats in budget talks
https://www.wdrb.com/in-depth/kentucky-lawmakers-agree-to-fully-fund-teachers-pensions-without-caveats/article_3cc10176-6ee4-11ea-ba5f-b3aea82d36cc.html

The musicians’ pension fund lost big on risky bets. A Cheltenham-born saxophonist led a suit that won a $27 million settlement
https://www.inquirer.com/news/pension-musicians-gamble-20200328.html

March 27, 2020

NATIONAL NEWS

A guide to the retirement related provisions in the senate coronavirus stimulus/relief bill
https://www.forbes.com/sites/ebauer/2020/03/26/a-guide-to-the-retirement-related-provisions-in-the-senate-coronavirus-stimulusrelief-bill/#82b7be373bb9

PSPRS pension trustees who did business deals with agency staff renew attacks on chairman
https://www.azcentral.com/story/news/local/arizona-investigations/2020/03/26/psprs-trustees-attack-new-chairman-who-called-ethics-reform/5080777002/

States Illinois need coronavirus relief for pensions and health care
https://www.chicagobusiness.com/opinion/states-illinois-need-coronavirus-relief-pensions-and-health-care

March 24, 2020

CALIFORNIA NEWS

California’s economy is in uncharted territory due to coronavirus
https://www.abc10.com/article/news/health/coronavirus/california-coronavirus-economy/103-7bc821d2-4fd3-4055-b51c-157b1f3d37be

San Diego Unified, LA Unified say schools need $3 billion in emergency state funding or distance learning
https://www.sandiegouniontribune.com/news/education/story/2020-03-23/san-diego-unified-l-a-unified-say-they-need-3-billion-in-emergency-state-funding-for-distance-learning

San Francisco pension fund calls on companies to lend coronavirus support
https://www.wsj.com/articles/san-francisco-pension-fund-calls-on-companies-to-lend-coronavirus-support-11584972044

San Diego governments brace for impacts of economic tumult on pension costs
https://www.voiceofsandiego.org/topics/government/san-diego-governments-brace-for-impacts-of-economic-tumult-on-pension-costs/

NATIONAL NEWS

Mercer: Pension plan funding relief needed ASAP
https://www.forbes.com/sites/ebauer/2020/03/23/mercer-pension-plan-funding-relief-needed-asap/#41e1a2fb58e8

Taking $1.13 billion from teacher pensions a ‘very serious problem,’ official warns
https://www.kentucky.com/news/politics-government/article241433321.html

Pension reform plan s are on the table
https://www.buildingindiana.com/possible-solutions-maybe/

March 23, 2020

CALIFORNIA NEWS

CalPERS loses $69 billion in biggest market losses since Great Recession
https://www.sacbee.com/news/politics-government/the-state-worker/article241391841.html

California must act quickly to address the financial crisis
https://www.ocregister.com/2020/03/22/california-must-act-quickly-to-address-the-financial-crisis/

Vons, Albertsons, Pavillions workers get $2 hourly raise during coronavirus outbreak
https://www.pe.com/2020/03/20/vons-albertsons-pavilions-workers-get-2-hourly-raise-during-coronavirus-outbreak/

NATIONAL NEWS

Ohio pension funds hunker down in coronavirus siege
https://www.dispatch.com/news/20200322/ohio-pension-funds-hunker-down-in-coronavirus-siege

Pension fund sticking to plan in downturn
https://www.providencejournal.com/news/20200320/pension-fund-sticking-to-plan-in-downturn

Corporate pension plans need congressional relief amid virus outbreak
https://www.pionline.com/washington/corporate-pension-plans-need-congressional-relief-amid-virus-outbreak-mercer

Kentucky pension proposal that sparked teacher protests back on the table
https://www.wdrb.com/news/kentucky-pension-proposal-that-sparked-teacher-protests-back-on-the/article_0895a820-6a11-11ea-97bb-f772f9a2f9a5.html

State police troopers accused overtime fraud will get to keep their pensions
https://www.bostonglobe.com/2020/03/20/metro/state-police-troopers-accused-overtime-fraud-will-get-keep-their-pensions/

March 18, 2020

CALIFORNIA NEWS

Riverside County to approve $730 million bond sale to pay pension debts https://mynewsla.com/business/2020/03/17/board-prepares-to-approve-730-million-bond-sale-to-pay-pension-debts-2/

Supervisors approve bonds to pare down pension liabilities
https://myvalleynews.com/supervisors-approve-bonds-to-pare-down-pension-liabilities/

NATIONAL NEWS

Pension plans continue to adapt meetings amid coronavirus concerns
https://www.fin-news.com/2020/03/20/coronavirus-forces-pension-plan-meeting-cancellations/

March 16, 2020

CALIFORNIA NEWS

COVID-19’s harsh impact on state pension systems and school districts https://www.ocregister.com/2020/03/14/covid-19s-harsh-impact-on-state-pension-systems-and-school-districts/

CalPERS battles former board member over real estate investment values
https://www.ft.com/content/1bc535ea-025f-4b56-a199-486cec77ed0c

San Diego’s pension payment jumps another $15M, squeezing budget even tighter
https://www.sandiegouniontribune.com/communities/san-diego/story/2020-03-13/san-diegos-pension-payment-jumps-another-15m-squeezing-budget-even-tighter

NATIONAL NEWS

Nine local government owe $136M for pensions
https://www.thealpenanews.com/news/local-news/2020/03/nine-local-governments-owe-136m-for-pensions/

Wisconsin retirement system participants to see slight bump in pension checks
https://madison.com/wsj/business/wisconsin-retirement-system-participants-to-see-slight-bump-in-pension/article_aff65f18-c5d7-5f5e-8dfe-b156cbe8f7b9.html

How will underfunded Illinois public pensions fare in the coronavirus/market crash aftermath
https://www.forbes.com/sites/ebauer/2020/03/13/how-will-underfunded-illinois-public-pensions-fare-in-the-coronavirusmarket-crash-aftermath/#2cec14fe55d3

Alabama pension fund chief David Bronner says market fallout from coronavirus will pass
https://www.al.com/news/2020/03/alabama-pension-fund-chief-david-bronner-says-market-fallout-from-coronavirus-will-pass.html

Coronavirus disruptions could strain Chicago’s finances and pension funds
https://www.chicagotribune.com/politics/ct-coronavirus-chicago-city-budget-20200313-qilxthhaovfjdharkvl6dyd2cm-story.html

Council delays decision on pension
http://www.therepublic.com/2020/03/15/council_delays_decision_on_pension/

 

March 10, 2020

CALIFORNIA NEWS

California’s new state-run retirement program survives taxpayer group’s challenge
https://www.sacbee.com/news/politics-government/capitol-alert/article241075961.html

NATIONAL NEWS

COVID-19 Pensions Business Planning
https://www.natlawreview.com/article/covid-19-pensions-business-planning

Pensions position, lawmakers prepare as coronavirus economic impact trickles into Pa.
https://www.penncapital-star.com/working-the-economy/pensions-profit-lawmakers-prepare-as-coronavirus-economic-impact-trickles-into-pa/

New Mexico Passes Bipartisan Pension Reform
https://www.illinoispolicy.org/new-mexico-passes-bipartisan-pension-reform/

Panel approves bill to move local governments out of ailing Kentucky pension system
https://www.kentucky.com/news/politics-government/article241023666.html

Fixing New York’s teacher pensions
https://www.nydailynews.com/opinion/ny-oped-fixing-new-yorks-teacher-pensions-20200305-doinbir65bcvrfyezf5cowmp44-story.html

Huntington Woods voters OK millage for public safety pensions, road repairs
https://www.dailytribune.com/news/local/huntington-woods-voters-ok-millage-for-public-safety-pensions-road/article_2936823a-6330-11ea-becc-7720549ba8e0.html

District 66 Democratic candidates talk pensions, property taxes
https://www.nwherald.com/2020/03/05/district-66-democratic-candidates-talk-pensions-property-taxes/apeuehz/

CALIFORNIA NEWS 

California districts proposed state budget won’t cover expenses
https://edsource.org/2020/california-districts-complain-proposed-state-budget-wont-cover-expenses/624876

Exclusive: CalSTRS develops quarantine plans
https://www.ai-cio.com/news/exclusive-calstrs-develops-quarantine-plans/

US pension fund CalSTRS allocates $2.2B to PE managers in H2
https://www.dealstreetasia.com/stories/calstrs-private-equity-h2-178991/

NATIONAL NEWS 

NJ lawmakers move to expand early pension benefit for police, fire
https://wobm.com/lawmakers-move-to-expand-early-pension-benefit-for-police-fire/

NC treasurer: State4 pension fund will withstand market downturn
https://www.wral.com/nc-treasurer-state-pension-fund-will-withstand-market-downturn/19002417/

Pension plan sponsors slashed contributions in 2019
https://www.cfo.com/retirement-plans/2020/03/pension-plan-sponsors-slashed-contributions-in-2019/

Senator moves to alter pension buyout process
https://www.thinkadvisor.com/2020/03/09/senator-moves-to-alter-pension-buy-out-process/?slreturn=20200210010111

March 5, 2020

CALIFORNIA NEWS

Split decision for  busted CHP boss
https://californiaglobe.com/section-2/split-decision-for-busted-chp-boss/

NATIONAL NEWS

New Mexico Overhauls Pension System for Public Workers
https://www.ai-cio.com/news/new-mexico-overhauls-pension-system-public-workers/

6 Little-known aspects of police and fire pensions
https://www.benefitspro.com/2020/03/03/6-little-known-aspects-of-police-and-fire-pensions/?slreturn=20200205011357

Voters asked to approve Huntington Woods police-fire pension millage
https://www.dailytribune.com/news/local/voters-asked-to-approve-huntington-woods-police-fire-pension-millage/article_63a9689c-5e58-11ea-b0bb-9b9d73012f28.html

March 3, 2020

CALIFORNIA NEWS

Cost of pensions climb even as Redwood City boosts payments
https://www.smdailyjournal.com/news/local/cost-of-pensions-climb-even-as-redwood-city-boosts-payments/article_83c514f0-5ab1-11ea-ad73-632c9ad24c98.html

Editorial: Chula Vista shouldn’t gamble on pension bonds
https://www.sandiegouniontribune.com/opinion/editorials/story/2020-02-28/chula-vista-gamble-pension-obligation-bonds

NATIONAL NEWS

ITT GOulds Pumps wants to transfer pension fund to insurance company
https://www.fltimes.com/news/itt-goulds-pumps-wants-to-transfer-pension-fund-to-insurance/article_9605009d-0912-5c0e-a575-0371e11f0b39.html

US Senate candidate Al Gross announces plan to fix current pension system
https://www.webcenter11.com/content/news/US-Senate-Candidate-Al-Gross-announces-plan-to-fix-current-pension-system-568314381.html

New Mexico legislation affects state pension fund contributions
https://www.pionline.com/legislation/new-mexico-legislation-affects-state-pension-fund-contributions

$240M pension payment threatens Detroit’s future
https://www.crainsdetroit.com/other-voices/240m-pension-payment-threatens-detroits-future

Retirees’ worst nightmare: Federal backing of pension funds at risk
https://www.rollcall.com/2020/02/28/retirees-worst-nightmare-federal-backing-of-pension-funds-at-risk/

Next pension overhaul in New Mexico may be for educators
https://www.santafenewmexican.com/news/local_news/next-pension-overhaul-in-new-mexico-may-be-for-educators/article_c274b5b4-5900-11ea-bf0f-2f7858364896.html

February 26, 2020

CALIFORNIA NEWS

Powerful public sector unions, public safety compensation, and actual public safety
https://californiaglobe.com/section-2/powerful-public-sector-unions-public-safety-compensation-and-actual-public-safety/

NATIONAL NEWS

Senate rejects Gov. Ducey’s proposed state tax break for military pensions
https://tucson.com/news/arizona_news/senate-rejects-gov-ducey-s-proposed-state-tax-break-for/article_6c4128be-e081-5d46-9b3d-1a7286f51111.html

Firefighters making renewed push for pension bill that could saddle city with $30M in annual costs
https://chicago.suntimes.com/city-hall/2020/2/25/21153449/firefighters-renewed-push-pension-bill-30-million-annual-costs

Teacher pension plans are getting riskier – and it could backfire on American schools
https://www.brookings.edu/blog/brown-center-chalkboard/2020/02/25/teacher-pension-plans-are-getting-riskier-and-it-could-backfire-on-american-schools/

$45 Billion: That’s what this study says pensions lost in private equity gains
https://www.institutionalinvestor.com/article/b1khmc73wfny0l/45-Billion-That-s-What-This-Study-Says-Pensions-Lost-In-Private-Equity-Gains

Georgia Senate bill would allow ‘alternative investments’ with teacher pension money
https://www.tribuneledgernews.com/local_news/georgia-senate-bill-would-allow-alternative-investments-with-teacher-pension/article_bb5a4c4c-5808-11ea-bf58-935f603d8472.html

State representative spars with Whitmer administration over school pension assumptions
https://www.thecentersquare.com/michigan/state-representative-spars-with-whitmer-administration-over-school-pension-assumptions/article_30e3f1f0-5801-11ea-bc25-3fabc7357abf.html

February 25, 2020

CALIFORNIA NEWS

As pensions break the bank, Californians face more tax hikes
https://www.ocregister.com/2020/02/24/as-pensions-break-the-bank-californians-face-more-tax-hikes/

NATIONAL NEWS

A big pension payment, more money for schools. What to expect from Murphy’s 3rd budget.
https://www.nj.com/politics/2020/02/a-big-pension-payment-more-money-for-schools-what-to-expect-from-murphys-3rd-budget.html

Study finds underfunded state pension plans not an economic drag
https://www.bondbuyer.com/news/study-finds-underfunded-state-pension-plans-not-an-economic-drag

Analysis says NC pensions fiscal health in jeopardy
https://www.ai-cio.com/news/analysis-says-nc-pension-fiscal-health-jeopardy/

U.S. Bancorp to make $125 million contribution to U.S. pension plan  https://www.pionline.com/pension-funds/us-bancorp-make-125-million-contribution-us-pension-plan

 

February 24, 2020

CALIFORNIA NEWS

Fees are going up for California state workers’ 401k plans
https://www.sacbee.com/news/politics-government/the-state-worker/article240494671.html

Wilk: Stop taxing vets’ pensions
https://www.avpress.com/news/wilk-stop-taxing-vets-pensions/article_62da8d4e-5604-11ea-b14f-87470347a5cc.html

Children descend on CalSTRS to urge fossil-fuel divestment
https://www.pionline.com/frontlines/children-descend-calstrs-urge-fossil-fuel-divestment

NATIONAL NEWS

Trump should go to war against public employee pensions
https://thehill.com/opinion/finance/484143-trump-should-go-to-war-against-public-employee-pensions

No, Governor Pritzker, Illinois pension reform isn’t a fantasy
https://www.forbes.com/sites/ebauer/2020/02/21/no-gov-pritzker-illinois-pension-reform-isnt-a-fantasy/#589beb94307d

Sweeny will back Murphy’s millionaires tax if public worker pension dunging gets huge boost
https://www.nj.com/politics/2020/02/sweeney-will-back-murphys-millionaires-tax-if-theres-1b-more-for-public-worker-pensions.html

Redwood City eyes $3M to cut pension liability
https://www.smdailyjournal.com/news/local/redwood-city-eyes-m-to-cut-pension-liability/article_d4c5a5c2-5525-11ea-82ff-7bfcc3427bee.html

NJ pension fund trustee sentenced for embezzling over $360K
https://www.ai-cio.com/news/nj-pension-fund-trustee-sentenced-embezzling-360k/

February 21, 2020

CALIFORNIA NEWS

CalPERS votes to sponsor bill to keep lid on private debt investments
https://www.pionline.com/pension-funds/calpers-votes-sponsor-bill-keep-lid-private-debt-investments

Sacramento must put fiscal discipline first
https://www.dailynews.com/2020/02/20/sacramento-must-put-fiscal-discipline-first/

NATIONAL NEWS

Corrupt NJ politician could collect some of his public pension, court rules
https://nj1015.com/corrupt-nj-politician-could-collect-some-of-his-public-pension-court-rules/

Fired Chicago police superintendent getting $190K pension
https://www.yahoo.com/news/fired-chicago-police-superintendent-getting-173050158.html

GOP lawmakers demand overhaul of shaky MBTA pension fund
https://www.bostonherald.com/2020/02/20/t-pension/

South Caroline law firm allegedly targeted veteran pension funds
https://www.wltx.com/article/news/crime/upstate-lawfirm-veteran-pension-fraud-attorneygeneral-southcarolina-consumeraffairs/101-abaf1f82-dd82-4007-bdfd-70fade632204

Mayors: Reconfiguring Kentucky’s pension system could force local cities to raise taxes, fire police
https://www.wcpo.com/news/local-news/kenton-county/covington/mayors-reconfiguring-kentuckys-pension-system-could-force-local-cities-to-raise-taxes-fire-police

February 20, 2020

CALIFORNIA NEWS

Biggest-ever CalPERS pension tops $400,000 per year
https://www.sacbee.com/news/politics-government/the-state-worker/article240415596.html

California senator pushes for tax free pension for military retirees
https://connectingvets.radio.com/articles/news/possible-tax-free-retirement-for-military-retirees-in-cali

NATIONAL NEWS

Federal retirement benefits on the chopping block
https://www.fedsmith.com/2020/02/19/federal-retirement-benefits-chopping-block/

American Airlines to board $196 million into pension plans in 2020
https://www.pionline.com/pension-funds/american-airlines-board-196-million-pension-plans-2020

Illinois investors seek pension fix clues in budget proposal
https://www.bloomberg.com/news/articles/2020-02-19/illinois-investors-seek-pension-fix-clues-in-budget-proposal

Former Beverly councilor seeks city pension
https://www.salemnews.com/news/local_news/former-beverly-councilor-seeks-city-pension/article_2c9a0b13-4339-57ca-80c5-0b8cef023636.html

Teacher pension changes sputter in Georgia legislature
https://newschannel9.com/news/local/teacher-pension-changes-sputter-in-georgia-legislature

February 19, 2020

NATIONAL NEWS

New Mexico public pension reform passes in state House
https://www.kob.com/albuquerque-news/new-mexico-public-pension-reform-passes-in-state-house/5648213/

As pension costs climb, Memphis officials warn of ‘high-level revenue pressures’ https://www.commercialappeal.com/story/news/2020/02/18/memphis-rising-pension-costs-slow-revenue-growth/4793824002/

Mayors: Reconfiguring Kentucky’s pension system could force local cities to raise taxes, fire police
https://www.wcpo.com/news/local-news/kenton-county/covington/mayors-reconfiguring-kentuckys-pension-system-could-force-local-cities-to-raise-taxes-fire-police

Teacher pension changes sputter in Georgia legislature
https://www.washingtontimes.com/news/2020/feb/18/teacher-pension-changes-sputter-in-georgia-legisla/

Katko seeks solution to ongoing multiemployer pension crisis
https://riponadvance.com/stories/katko-seeks-solution-to-ongoing-multiemployer-pension-crisis/

Governor’s office concerned about proposed solutions to state pension crisis
https://trib.com/news/state-and-regional/govt-and-politics/governor-s-office-concerned-about-proposed-solutions-to-state-pension/article_cd090e88-217b-5a2a-9012-affc2fd624df.html

February 18, 2020

CALIFORNIA NEWS

231 local tax hikes and bond measures on California ballots March 3
https://www.thecentersquare.com/california/local-tax-hikes-and-bond-measures-on-california-ballots-march/article_2040254e-4f69-11ea-8b1f-277cde3b3e54.html

NATIONAL NEWS

Meye takes City of Covington protest to Frankfort; rising pension rates causing pain, top legislators told
https://www.nkytribune.com/2020/02/meyer-takes-city-of-covington-protest-to-frankfort-rising-pension-rates-causing-pain-top-legislators-told/

Governor’s office concerned about proposed solutions to state pension crisis
https://trib.com/news/state-and-regional/govt-and-politics/governor-s-office-concerned-about-proposed-solutions-to-state-pension/article_cd090e88-217b-5a2a-9012-affc2fd624df.html

Workers face retirement with fear as GOP refuses to back pension protection bill
https://truthout.org/articles/workers-face-retirement-with-fear-as-gop-refuses-to-back-pension-protection-bill/

Kealoha case fuels push to change pension laws for disgraced government employees
https://www.hawaiinewsnow.com/2020/02/18/kealoha-case-fuels-push-change-pension-laws-disgraced-government-employees/

Pension overhaul wins legislative OK
https://www.abqjournal.com/1421729/pension-overhaul-wins-legislative-approval.html

U.S. pension insurer scrutinizing deals between McClatchy, hedge fund
https://www.wsj.com/articles/u-s-pension-insurer-scrutinizing-deals-between-mcclatchy-hedge-fund-11581722048

Jacksonville pension costs trending upward but they are less than before voters approved sales tax
https://www.jacksonville.com/news/20200214/jacksonville-pension-costs-trending-upward-but-they-are-less-than-before-voters-approved-sales-tax

New Mexico public pension reform passes in state House
https://www.jacksonville.com/news/20200214/jacksonville-pension-costs-trending-upward-but-they-are-less-than-before-voters-approved-sales-tax

House passes bills to help health departments on pensions; may mean increased public-health taxes
https://www.nkytribune.com/2020/02/house-passes-bills-to-help-health-departments-on-pensions-may-mean-increased-public-health-taxes/

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