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Welcome

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends. Now beginning its 15th year, PensionTsunami.com was founded by and is edited by Jack Dean. (Contact: JackDean-at-PensionTsunami-dot-com or 916-644-0688 or @PensionTsunami)

Latest Newsclips     last updated December 12 3:06pm PST

Each day's headline summary is e-mailed to subscribers.

December 12, 2018

• Birmingham, Alabama's Pension Shortfall Puts Retirees at Risk (Erin Edgemon / AL.com)
• CalPERS Won’t Invest in Tobacco But Buys Marijuana Stock (Ed Lin / Barron's)$$
• Mayor Emanuel to Push for Constitutional Amendment to Solve Pension Crisis (Fran Spielman / Chicago Sun-Times)
• Chicago Mayor Wants to Legalize Marijuana, Open Casino to Deal With City's Pension Crisis (Aamer Madhani / Daily American)
• COLAs, Pot and Gambling: It's Not a Party -- It's Emanuel's Pension Rx (Greg Hinz / Crain's Chicago Business)
• New Proposal Could Save Fort Worth’s Failing Pension Fund (Jason Allen / CBS DFW)
• Fort Worth City Council Approves Pension Fund Fix (Fox 4)
• Michigan Lawmakers Expected to OK City Pension Debt Bill (Jackie Smith / Port Huron Times Herald)
• Multiemployer Solution Can’t Be Rushed (editorial - Pensions & Investments)
• Actually, Central States' Pension Plan Is Fully Funded (Elizabeth Bauer / Forbes)
• Saving Infrastructure and Pensions at Once? That's Ambitious (Brian Chappatta / Bloomberg)
• The DoD's Failed Audit Shows It Shouldn't Get a Bigger Budget (John Kristof / Real Clear Policy)
• BLOG: STUMP by Mary Pat Campbell
• BLOG: Burypensions by John Bury
• BLOG: Pension Pulse by Leo Kolivakis
• UNSUSTAINABLE: New York City Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (op-ed - Nicole Gelinas / New York Post)
• UNSUSTAINABLE: Chicago Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (Nancy Mathieson / Wirepoints Illinois)
• UNSUSTAINABLE: Many Cook County Pension Funds Have More Retirees Collecting Than Workers Paying In (press release - Cook County Treasurer's Office)
• Follow @PensionTsunami on Twitter

December 11, 2018

• San Francisco Chronicle: California’s 'Unsustainable’ Pension Promises Shouldn’t Be Kept (John Sexton / Hot Air)
• Yet Another Trillion-Dollar Unfunded Liability: Why California Is Burning (John Rubino / GoldSeek)
• Making a Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion (Adam Andrzejewski / Forbes)
• Illinois' Pension Hole Is Now $133 Billion and Getting Deeper (editorial - Chicago Tribune)
• Kentucky's County Leaders Push for Pension Separation (Jacob Dick / Messenger-Inquirer)
• What Happens to Retirees When the Money Runs Out? (blog - John Bury / Burypensions)

December 10, 2018

• Decision on 'California Rule' Will Impact Who Rules California (op-ed - Jon Coupal / Orange County Register)
• California’s Golden Pension Rights Need Fixing (editorial - San Francisco Chronicle)
• Libertarian Wins Seat on Riverside County Board of Supervisors, Wants to Tackle California’s Public Pension Crisis Head-On (Matt Welch / Reason)
• California Supreme Court Hears Pension Reduction Case (Randy Diamond / Chief Investment Officer)
• Illinois' Unfunded Pension Liability Climbs to $133.5 Billion (Karen Pierog / Reuters)
• Carterville Passes Largest Property Tax Hike in City History to Pay for Pensions (Vincent Caruso / Illinois Policy)
• How Silent Clout Worked Its Magic to Enrich a Daley Nephew’s Company (editorial - Chicago Sun-Times)
• Oregon's Pension Cost Problems Will Get Worse in 2021, Actuary Says (Ted Sickinger / The Oregonian)
• City Workers Got Pay Raises. The Hikes Boosted Cincinnati's Retirement Bill to $140 Million (Dan Horn / Cincinnati Enquirer)
• As Pension Costs Rise, Agencies Cut Jobs - Which Hurts Pension Funding (Tom Loftus / Louisville Courier Journal)
• If Pension Overturn Sticks, Kentucky GOP Plans to Pass a Reform Anyway (Chris Butera / Chief Investment Officer)
• Report: Iowa Pension Fund Has $6.8 Billion in Unfunded Liabilities (William Petroski / Des Moines Register)

December 9, 2018

• California’s Golden Pension Rights Need Fixing (editorial - San Francisco Chronicle)

December 8, 2018

• Libertarian Wins Seat on Riverside County Board of Supervisors, Wants to Tackle California’s Public Pension Crisis Head-On (Matt Welch / Reason)

December 7, 2018

• The State Supreme Court's Chance to Reform the 'California Rule' (Joel Fox / Fox & Hounds)
• California Justices Question Attorneys in Key Pension Case (Sudhin Thanawala / Associated Press)
• State Supreme Court Justices Take First Crack at California Rule (Keeley Webster / The Bond Buyer)$$
• Sacramento School District, Unions Look to Reduce Health Costs in Face of Continued Budget Woes (Vincent Moleski / Sacramento Bee)
• Even Pension Loopholes Are Protected? Then Amend the Illinois Constitution. (editorial - Chicago Tribune)
• Happy Birthday: The Solution That Never Was to Illinois’ Pension Crisis (Austin Berg / Illinois Policy)
• EDITORIAL CARTOON: Crushing Illinois State Pensions Are Locked Into the State Constitution (Scott Stantis / Chicago Tribune)
• Daley Pension Debacle: Where Did $54 Million Go? (Tim Novak / Chicago Sun-Times)
• Postal Task Force Recommends Changing Employee Pay, Retirement (Jessie Bur / Federal Times)
• A Strong Texas Teacher Retirement System Is in Everyone's Best Interest (op-ed - Thomas H. Kreneck / Corpus Christi Caller Times)

December 6, 2018

• Promised Pension Benefits in California Can Be Cut, Jerry Brown's Attorneys Argue (column - Adam Ashton / Sacramento Bee)
• California Supreme Court May Not Go Big on First Pension Case (blog - Ed Mendel / Calpensions)
• Oral Arguments Heard in Key California Pension Rights Case Affecting Marin (Richard Halstead / Marin Independent Journal)
• California High Court Signals Possible Agreement With State on Worker Pension Rollback (Bob Egelko / San Francisco Chronicle)
• California Supreme Court Considers Major Pension Dispute (Maura Dolan / San Diego Union-Tribune)
• Jerry Brown’s Last Stand on California Pension Reform (Judy Lin / CALmatters)
• State Senator John Moorlach Monitors California Supreme Court Pension Hearing (Orange County Breeze)
• Controversial Los Angeles Police and Fire DROP Retirement Plan More Expensive Than Promised to Voters, Report Says (Jack Dolan / Los Angeles Times)
• Palo Alto City Manager Turns Down Pay Raise That Would Spike Pension (Palo Alto Daily Post)
• Broward County Pension Recount (column - James Freeman / Wall Street Journal)$$
• A State-By-State Comparison of State and Local Government Debt (blog - Larry Littlefield / Saying the Unsaid in New York)

December 5, 2018

• California Supreme Court to Hear Pension Case Today (column - Adam Ashton / Sacramento Bee)
• California Supreme Court to Hear Potentially Precedent-Setting Pension Case (Keeley Webster / The Bond Buyer)$$
• Should the State Supreme Court Reduce or Alter Pension Benefits for California Public Employees? (AirTalk - Larry Mantle, Host / KPCC Radio)
• LISTEN LIVE at 9:00 AM (Pacific) to a Webcast of the Supreme Court of California's Oral Arguments
• CASE INFORMATION: Cal Fire Local 2881 et al. v. California Public Employees' Retirement System et al.
• California Must Keep Its Promise to Our Public Servants, Says CalPERS' CEO (op-ed - Marcie Frost / CALmatters)
• Pensions Are Promises California Must Keep, Says Union Exec (op-ed - Dave Low / San Francisco Chronicle)
• Los Angeles City Council Considers Changes to Controversial DROP Retirement Program (City News Service / NBC 4)
• Public Sector Pensions Assume Record-High Investment Returns (Andrew G. Biggs / Forbes)

December 4, 2018

• Former Redlands City Manager Wants Lifetime Medical Benefits Worth $350,000 (Jennifer Iyer / Redlands Daily Facts)
• Belmont OKs Pension Strategy City to Frontload CalPERS Payments Resulting in Over $8 Million in Savings (Zachary Clark / San Mateo Daily Journal)
• Illinois’ Other Debt Disaster: $73 Billion in Unfunded State Retiree Healthcare Benefits (Ted Dabrowski & John Klingner / Wirepoints)
• Trump Keeps Ignoring the Biggest Economic Crisis of Our Generation (Kristin Tate / The Hill)
• GE Has Yet Another Problem: Pensions (Al Root / Barron's)$$

December 3, 2018

• Pension Costs Spike for Humboldt County Agencies (Shomik Mukherjee / Times-Standard)
• Pension Politics: Should States Be Investing in Controversial Companies? (Liz Farmer / Governing)
• How to Solve the Pension Crisis in Illinois (Thomas Lifson / AmericanThinker)
• Potential Impacts of Bailing Out Underfunded Pensions With Taxpayer Money (Peter Reagan / Newsmax)

December 2, 2018

• Illinois Supreme Court Tosses Law Aimed at Stopping Union Boss Pension Abuses (Ray Long / Chicago Tribune)
• Illinois Supreme Court Reaffirms Constitutional Suicide Pact; Rules Union Work Is Pensionable Salary (Mark Glennon / Wirepoints)
• What Mayor Emanuel Should Say: Amend the Illinois Constitution (editorial - Chicago Tribune)
• The Pentagon's Massive Accounting Fraud Exposed (Dave Lindorff / The Nation)

December 1, 2018

• Thanks to Public Employee Unions, California’s Finances Are Collapsing (Bob Wickers / The Daily Caller)
• Public Employees Won't Recover Union Fees After Court Ruling (column - Adam Ashton / Sacramento Bee)
• How to Make a Fortune in Public Education (James Freeman / Wall Street Journal)$$

November 30, 2018

• California’s Latest Pension Hubris (Steven Greenhut / The American Spectator)
• Why California Pension Changes Are Needed to Avert Financial Crisis (op-ed - Jan Goldsmith / San Diego Union-Tribune)
• How Local Governments Can Reform Pensions if the 'California Rule' Is Overturned (Ken Churchill / California Policy Center)
• Palo Alto City Manager Is in Line to Get a Pension-Boosting Raise Three Weeks Before His Retirement (Allison Levitsky / Daily News)
• Pension Reform Newsletter -- November 2018 (Zachary Christensen / Reason Foundation)
• INTERACTIVE WEBSITE: A Tool to Track the Financial Health of State Public Pension Systems (Pew Charitable Trusts)
• Proposals Could Further Erode Perceived Health of Public Pension Funds (Rebecca Moore / Plan Sponsor)
• Mayoral Candidate Bill Daley Opens Door to Commuter Tax to Help Fund Pensions (Fran Spielman / Chicago Sun-Times)
• New Mexico Lawmakers Endorse Pension, Health-Benefit Reforms (Morgan Lee / Associated Press)
• Goldman Says Public Pensions Are Hunting for Investments Beyond the US (Katherine Chiglinsky & Amanda Albright / Bloomberg)
• Multiemployer Pension Plans Bailout Collapses Like a Flan in a Cupboard (blog - Mary Pat Campbell / Stump)

November 29, 2018

• A Pension Middle-Ground Beyond the 'California Rule' (op-ed - Scott Shepard / Orange County Register)
• California Doesn’t Have a Budget Surplus (Todd Royal / Fox & Hounds)
• Despite Court Challenge, California Pushes Forward With Retirement Program for All Workers in State (James Rufus Koren / Los Angeles Times)
• Nevada Supreme Court: State Pension Data Is a Matter of Public Record (Andrew Burger / Watchdog.org)
• US Pension Funds Turn to Riskier Real-Estate Bets (Heather Gillers / Wall Street Journal)$$

November 28, 2018

• Court Grants Intervention in CalPERS Action (Messing Adam & Jasmine)
• Multiemployer Pensions: Waiting for the Bailout Report (blog - Mary Pat Campbell / STUMP)
• New Tax Bill -- Pension Parts (blog - John Bury / Burypensions)

November 27, 2018

• San Francisco Pension Board Cuts Rate of Return to 7.4% (Randy Diamond / Chief Investment Officer)
• Norridge, Illinois to Hike Property Tax by 35% to Cover Police Pension Costs (Pioneer Press)
• Calumet Park Outsources Fire Dept in 'Historic' Move That Could Trigger 'Chain Reaction' of Privatizations (Zak Koeske / Daily Southtown)
• EDITORIAL CARTOON: Pension Rehab (Eric Allie / Illinois Policy)

November 26, 2018

• Newsom Should Pay Down California's Huge Pension Debt (editorial - Mercury News)
• CalPERS Plans New Way to Invest in Private Equity (blog - Ed Mendel / Calpensions)
• Cal Expo Cop's Lawsuit Targets Union Lock on State Worker Paychecks (column - Adam Ashton / Sacramento Bee)
• L.A. Teacher’s Union Can Avert a Strike and Help Kids. Here’s How (commentary - David Crane / Calmatters)
• Can Public Sector Union Power Ever Be Stopped? (Edward Ring / California Policy Center)
• Stung by Janus Decision, Public-Employee Unions Resort to Thuggish Tactics to Discourage Citizen Challenges. (Mark Pulliam / City Journal)
• Springfield, Illinois' Fire, Police Pension Costs Expected to Outpace Property Taxes Again (Crystal Thomas / State Journal-Register)
• Nevada Pension Reform Needed to Curb Ever Higher Costs (Thomas Mitchell / Mesqite Local News)
• NEW BRIEF: Stability in Overall Pension Plan Funding Masks a Growing Divide (Aubry, Crawford & Wandrei / Center for Retirement Research)

November 22, 2018

• We've Taken Off to Enjoy the Long Weekend . . . Happy Thanksgiving!
• The Real Story of the First Thanksgiving (Richard J. Maybury / Mises Institute)
• Everything You Learned About Thanksgiving Is Wrong (Maya Salam / New York Times)

November 21, 2018

• With an Unfunded Liability of $563 Million, Riverside Seeks to Educate Public, Gather Input on Pension Issue (press release / InlandEmpire.US)
• VISIT: Riverside's New Website to Bolster Public Awareness and Seek Possible Solutions to the 'CalPERS Challenge' (City of Riverside)
• Menlo Park City Council Studies Options to Address Rising Pension Costs (Kate Bradshaw / Almanac)
• Lawmakers Consider Multibillion Bailout for Troubled Pensions, Retirees (Erica Werner & Damian Paletta / Washington Post)
• Lawmakers Considering Multibillion-Dollar Bailout for Some Retirees With Failing Pensions: Report (Megan Keller / The Hill)
• Bailout Committee Trial Balloon (blog - John Bury / Burypensions)

November 20, 2018

• Who’s Going to Pay for LA's Unsustainable Pension Plans? (Jack Humphreville / CityWatch LA)
• Brown Nominee Won't Be on California Supreme Court to Hear Major State Pension Lawsuit (Horvitz & Levy)
• Divestment Will Burn Illinois' Firefighters' Pensions (op-ed - Jay Fisher / Daily Herald)

November 19, 2018

• As CalPERS Rates Climb, How High Can They Go? (blog - Ed Mendel / Calpensions)
• Illinois Constitutional Pension Amendment Is Long Overdue (Mark Glennon / Wirepoints)
• The PBGC & Single Employer Pension Plans (1): The Plans (blog - John Bury / Burypensions)
• Unions File Lawsuit Against Puerto Rico Over Worker Pensions (Associated Press / The Tribune)

November 18, 2018

• GE Pensioners and Stockholders Contemplate the Unthinkable (Ken Kam / Forbes)
• The Pension Myth and the Financial Realities (Reshma Kapadia / Barron's)$$
• Pentagon Fails Its First-Ever Audit, Official Says (Idrees Ali & Mike Stone / Reuters)

November 17, 2018

• Fitch: State Pension Liabilities Now Top $1 Trillion (Andrew Burger / Watchdog.org)
• Voters Reject Candidates in 3 States Who Lobbied for Switch to DC Plans (Brian Croce / Pensions & Investments)
• The Law of Unintended Consequences: The Case of Proxy Advisory Firms (Wayne Winegarden / Forbes)

November 16, 2018

• What Upbeat California State Budget Forecast Omits: Giant Pension Debt (editorial - San Diego Union-Tribune)
• Ridgecrest City Council Approves Refinancing CalPERS Unfunded Liability (Jessica Weston / Daily Independent)
• The Unsustainable Situation With State and Local Pension Liabilities (Bang for the Buck / Seeking Alpha)
• A Chicago Suburb's Rating Is Cut Four Notches Over Pension Burden (Yvette Shields / The Bond Buyer)
• Fort Worth City Council Tables Vote on Pension Fund Fix Until December (Alice Barr / NBC 5)
• Outlook for Kentucky Teachers’ Pension System Improving (Adam Beam / Lexington Herald-Leader)
• These US States Are Putting Their Bond Investors in a World of Hurt: IL, NJ, HI, and CT (Robert Pozen / MarketWatch)

November 15, 2018

• CalPERS Slashed Their Pensions. Now Loyalton's Retirees Are Trying to Get Their Money Back (column - Adam Ashton / Sacramento Bee)
• California's Election Boosts Advocates of Higher Taxes (Dan Walters / CALmatters)
• Gov. Jerry Brown Names Legal Adviser Joshua Groban to California Supreme (Bob Egelko / San Francisco Chronicle)
• Public Pension Fund Return Assumptions Fall to All-Time Low (Michael Katz / Chief Investment Officer)
• Multiemployer Loan Program Will Not Help All, Analysis Says (Hazel Bradford / Pensions & Investments)
• The National Debt Is Coming Due, Just Like We Told You (Nick Gillespie / Reason)

November 14, 2018

• Wildfire's Destruction of the Town of Paradise, California Creates Uncharted Credit Territory (Keeley Webster / The Bond Buyer)
• Fitch Finds State Pension Liabilities Rose Faster Than Debt (Brian Tumulty / The Bond Buyer)$$
• California Voters Give Another Multi-Billion-Dollar Thumbs Up to School Bonds (Ricardo Cano / CALmatters)
• Better to Split Up Than Prop Up Troubled Multiemployer Pension Plans (Charles Blahous /
• Dallas Pension Fund Sues Actuary for Malpractice (Michael Katz / Chief Investment Officer)

November 13, 2018

• A Proposal: Restructuring Current Public Pensions Through Municipal Bankruptcy (blog - Mary Pat Campbell / STUMP)
• 11 Los Angeles County Cities Passed Sales Tax Hikes -- In Many Cases By Large Margins (Chris Lindahl / Pasadena Star News)
• Two More Pension Plans Get MPRA Letters to Cut Benefits (blog - John Bury / Burypensions)

November 12, 2018

• CalSTRS Wants to Avoid Another Rate Hike Delay (blog - Ed Mendel / Calpensions)
• This California Supreme Court Case Could Ease Cities' Pension Crisis (editorial - San Diego Union-Tribune)
• California Voters Give Another Multi-Billion-Dollar Thumbs Up to School Bonds (Ricardo Cano / CALmatters)
• Public Pensions Could Become a Retirement Crisis for Everyone (Peter Reagan / Newsmax)
• Philanthropist Turned Governor: What Can J.B. Pritzker Do to Expand Opportunity in Illinois? (Caitlin Reilly / Inside Philanthropy)
• Voters Reject Candidates in 3 States Who Lobbied for Switch to Defines Contribution Plans (Brian Croce / Pensions & Investments)

November 11, 2018

• LAUSD at Risk of Going Broke Within Three Years (Laura Greanias / LA School Report)
• California Teachers Association Will Urge Statewide 'Solidarity Actions' to Support UTLA (Mike Antonucci / LA School Report)
• A 'Simple Fix' to Solve Public Pension Funding Woes? Think Again. (Elizabeth Bauer / Forbes)
• CalSTRS to Divest of Private Prison Companies (Randy Diamond / Chief Investment Officer)

November 10, 2018

• California's Voters Approve New Taxes and Reject Tax Repeal (Edward Ring / California Policy Center)
• California Supreme Court Sets Oral Arguments on Public Employee Pension Rights (Randy Diamond / Chief Investment Officer)

November 9, 2018

• The California Rule: State Supreme Court to Hear Brown Pension Reform Dec. 5 (blog - Ed Mendel / Calpensions)
• The California Rule: Oral Argument Set for December 5 in Air Time Vested Pension Benefits Case (Messing Adam & Jasmine)
• The California Rule: Governor’s Pension Case One of Six on the California Supreme Court's December Calendar (Horvitz & Levy)
• Arizona Amends Its Constitutional Pension Protection Clause. World Doesn't End. (Mark Glennon / Wirepoints)
• Kentucky’s Main Pension Fund for State Workers Was Already Frail. It Just Got Weaker (John Cheves / Lexington Herald-Leader)

November 8, 2018

• Venture Capital Investments May Be in Future for Two San Jose Pension Plans (Randy Diamond / Chief Investment Officer)
• Arizona Voters Approve Prop 125, Allowing Changes to State Employees' Benefits, Pensions (Sarah Covey / KGUN 9)
• The Democrats Took the House; Here’s What That Means for Your Retirement (Alessandra Malito / MarketWatch)
• Bailout Committee Election Results (blog - John Bury / Burypensions)

November 7, 2018

• Oroville, California Voters Approve Sales Tax (Risa Johnson / Chico Enterprise-Record)
• Politicization of CalSTRS Hurts Returns, Harms Retirees (op-ed - Christopher Burnham / San Francisco Chronicle)
• Nearly 80 Percent of Alton Property Tax Levy Consumed by Pensions (Vincent Caruso / Illinois Policy)

November 6, 2018

• Growth in California Teacher Pay Dwarfed by Soaring Health, Retirement Benefits (Robert Fellner / Transparent California)
• Riverside County Agencies Struggling With Cost Overruns: Report (Temecula Patch)
• The Growing Pension Black Hole Is Pulling Us All In (Olivia S. Mitchell / The Hill)

November 5, 2018

• $1 Billion Lawsuit Over CalPERS Insurance Rates Moves Forward With Trial Date (blog - Adam Ashton / Sacramento Bee)
• California's State-Run Retirement Savings Plan Ready to Launch (blog - Ed Mendel / Calpensions)
• Pension Reform Newsletter - October 2018 (Zachary Christensen / Reason Foundation)
• GOLDEN OLDIE: Government Pension 'Millionaires' Outearn Private Sector (Gil Weinreich / ThinkAdvisor)

November 2, 2018

• No Headlines Again Today Due to Family Illness

November 1, 2018

• No Headlines Today Due to Family Illness

October 31, 2018

• California's Next Governor Will Face Hard Fiscal Realities (John Moorlach / CALmatters)
• CalPERS Must Focus on Fiduciary Responsibility, Not Social Issues (Christopher Burnham / Fox & Hounds)
• See What California Police and Firefighters Earn in Each Community (Phillip Reese / Sacramento Bee)
• A Trillion Here, a Trillion There (Richard Colman / California Political News and Views)
• Truth in Accounting's Bill Bergman on Illinois' Fiscal Disaster (blog - Public Affairs With Jeff Berkowitz)
• Pity the Poor High-Income Highly-Taxed Chicagoans (blog - Mary Pat Campbell / STUMP)
• Is Your Risk Really Covered? Maybe Not (editorial - Pensions & Investments) $$
• MPRA 5500 Data (5): Funded Ratios (blog - John Bury / Burypensions)
• PENSION PULSE: Wasting $4 Billion on the Caisse's Train? (blog - Leo Kolivakis)

October 30, 2018

• More Than 100 California Local Governments Seek Tax Hikes to Meet Rising Pension Bills (Chris Reed / CalWatchdog)
• More California Cops and Firefighters Are Paying for Their Pensions. Is It Too Late? (column - Adam Ashton / Sacramento Bee)
• Don't Buy the Make-Believe Promises on Sacramento's Measure U (op-ed - Craig Powell / Sacramento Bee)
• The Late Great State of Illinois (Andrew Ferguson / Weekly Standard)
• Chico Bets on Chicago Casino, Legal Marijuana to Help Solve Pension Crisis (Fran Spielman / Chicago Sun-Times)
• Pension Crisis Worries Mid-State Retirees (Nikki Junewicz / Fox 17 Nashville)
• PENSION PULSE: Are Global Stocks Cheap? (blog - Leo Kolivakis)

October 29, 2018

• El Dorado County's Unfunded Obligation to CalPERS Exceeds $346 Million; Withdrawing from CalPERS Would Cost More Than $1 Billion (Mountain Democrat)
• No Large CalPERS Exit Fee for Charter Schools (blog - Ed Mendel / Calpensions)
• Measure I Won't Save Pasadena From CalPERS Debt (Hilary Norton & Paul Little / Law360)$$
• Statewide Races Shining Spotlight on Public Funds (Brian Croce / Pensions & Investments)
• California Judges to Get $15,000 Checks for Raises They Missed During Recession (column - Adam Ashton / Sacramento Bee)
• If Southern California Cities Start Public Banks, Taxpayers Should Prepare for Massive Bailouts (op-ed - Marc Joffe / Orange County Register)
• Metro Cop Involved in NYPD Corruption Case Received Both Pension and a Salary After Retiring (Bruce Golding / New York Post)
• Nevada Supreme Court Gets Pension Records Decision Right (editorial - Las Vegas Review-Journal)
• Mapping the Illinois $100,000 Club: 94,000 Public Employees and Retirees Cost Taxpayers $12 Billion (Adam Andrzejewski / Forbes)
• Public Enemy No. 1 in Illinois (editorial - News-Gazette)
• What Bill Daley Says His Brother 'Got Wrong’ as Chicago Mayor (Fran Spielman / Chicago Sun-Times)
• Twenty Fifth Multiemployer Pension Plan Falls (blog - John Bury / Burypensions)
• Why Megyn Kelly’s Possible Eight-Figure Payday Matters (opinion - Helaine Olen / Washington Post)
• PENSION PULSE: The Worst October Since 2008? (blog - Leo Kolivakis)

October 28, 2018

• If Southern California Cities Start Public Banks, Taxpayers Should Prepare for Massive Bailouts (op-ed - Marc Joffe / Orange County Register)

October 27, 2018

• WEEKEND SPOTLIGHT: El Dorado County's Unfunded Obligation to CalPERS Exceeds $346 Million (Mountain Democrat)
• WEEKEND SPOTLIGHT: California Judges to Get $15,000 Checks for Raises They Missed During Recession (column - Adam Ashton / Sacramento Bee)

October 26, 2018

• Pension Liability in Redwood City: Mum’s the Word on Ballot (column - John Horgan / Mercury News)
• Jerry Brown Awaits His Day in Court on California Pension Reform (John Fensterwald / EdSource)
• Moody’s: Schools Suffer as Unfunded Pension Liabilities Grow (Rupert Hargreaves / ValueWalk)
• California State Controller Betty Yee on the State's Pension Liabilities (interview - San Diego Union-Tribune)
• This Northern California Sheriff May Have Walked Off the Job But Is Still Being Paid (Ryan Sabalow & Phillip Reese / Sacramento Bee)
• Raises for California State Workers to Top $1.4 Billion This Year, LAO Says (column - Adam Ashton / Sacramento Bee)
• Public Pension Funding Gap Widening Between Top and Bottom Funds (Chris Butera / Chief Investment Officer)
• Generalizations Do Not Show the True Picture for Public Pensions (Rebecca Moore / Plan Sponsor)
• NEW ISSUE BRIEF: 'Stability in Overall Pension Plan Funding Masks a Growing Divide' (press release - Center for State and Local Government Excellence)
• DOWNLOAD THE BRIEF: 'Stability in Overall Pension Plan Funding Masks a Growing Divide' (pdf - Center for State and Local Government Excellence)
• Illinois’ Botched Tier 3 Pension Reform: Zombie Legislation? (Ted Dabrowski / Wirepoints)
• Kentucky Pension Crisis: A Closer Look at What 'Frontline' Found (Tom Loftus / Louisville Courier Journal)
• Iowa Parties Tangle Over Fate of Pension System (Rod Boshart / The Gazette)
• Twenty Fourth Multiemployer Pension Plan Files to Cut Benefits (blog - John Bury / Burypensions)
• PENSION PULSE: Risks to Canada's Retirement System? (blog - Leo Kolivakis)

October 25, 2018

• WATCH: 'The Ticking Time Bomb of Public Pensions: What Happens to Retirees When the Money Runs Out?' (6 minutes - Caitlin Burke / CBN News)
• WATCH: 'The Pension Gamble' (55 minutes - Frontline / PBS)
• Public Pension Fund Governance: Who Are the Funds Being Managed For? (blog - Mary Pat Campbell / STUMP)
• The Top Four Reasons California Is Unsustainable (Thomas Del Beccaro / Forbes)
• Konstantinos Roditis, Candidate for California Controller, on Pension Liabilities (interview - San Diego Union-Tribune)
• How States Have Tried to Close Their Pension Funding Gaps (Frontline - Marcia Robiou & Priyanka Boghani / PBS)
• In Kentucky, Sewers, Pensions and Protests (Frontline - Patrice Taddonio / PBS)
• 'We Won't Get Real Pension Reforms [in Illinois] as Long as Politicians Get Big Pensions Themselves' (Wirepoints)
• Facing Elections, Chicago's Aldermen Hope to Avoid Property Tax Increase for Pensions (Becky Vevea / WBEZ Radio)
• Don't Count Pensions Out Yet, PBGC Chief Says (Melanie Waddell / Think Advisor)
• PENSION PULSE: CAAT's DBPlus Helps Grow Membership? (blog - Leo Kolivakis)

October 24, 2018

• Oroville, California Asking Voters for 1-Percent Sales Tax Increase Due to Pension Costs (Risa Johnson / Chico Enterprise-Record)
• Palo Alto Wants to Use More Realistic Assumptions About Pension Costs, But That Would Raise City’s Expenses (Elaine Goodman / Daily Post)
• Teachers’ Unions Appalled at the Idea of Paying Teachers Like Rock Stars (Steven Greenhut / California Policy Center)
• Miller Enlightens Supervisors About San Joaquin County’s Spiraling Pension Obligations (Roger Phillips / Stockton Record)
• San Francisco Pension Board Votes to Divest From Five Fossil Fuel Companies (Sophia Kunthara / San Francisco Chronicle)
• Chula Vista Police Department Officers Spent Work Time on Private Fundraiser (Voice of San Diego)
• Frontline Pension Gamble (blog - John Bury / Burypensions)
• Politicians’ Deceitful Promise That Nobody Has Been Paying Attention to (John Stossel / Manhattan Institute)
• PENSION PULSE: OPTrust’s Safe Space for Innovation? (blog - Leo Kolivakis)

October 23, 2018

• Sweet Contracts, Tricky Rules Help California Unions Hold on After Court Loss (column - Adam Ashton / Sacramento Bee)
• Yes, Social Security Does Indeed Add to the Federal Deficit (Elizabeth Bauer / Forbes)
• The Student Loan Debt Crisis Is About to Get Worse (Riley Griffin / Bloomberg)
• Iowa Gubernatorial Debate on Pensions (blog - John Bury / Burypensions)
• Are New Jersey Pensioners Funding a Pro-Trump Tabloid in Chase for Returns? (Marc Joffe / Reason Foundation)
• Pension News Explodes (blog - John Bury / Burypensions)
• How a Gang of Hedge Funders Strip-Mined Kentucky’s Public Pensions (Gary Rivlin / The Intercept)
• PENSION PULSE: Strip-Mining US Public Pensions? (blog - Leo Kolivakis)

October 22, 2018

• Will California Gov. Jerry Brown Get the Chance to Defend Pension Reform? (blog - Ed Mendel / Calpensions)
• The Ticking Pension Bomb (Steven Malanga, Daniel DiSalvo & John Stossel / City Journal)
• End This Myth About Public Pensions (Mark Glennon / Wirepoints)
• California's Local Governments Seek New Levies Despite $4 Billion Property Tax Surge (column - Dan Walters / Napa Valley Register)
• Nevada High Court Rules for Public Access to Pension Records (Natalie Bruzda / Las Vegas Review-Journal)
• A Graduated Income Tax in Illinois Really Is a Pension Tax to Fund the Retirement of Public Employees (Hilary Gowins / Crain's Chicago Business)
• How Will Governor Candidates Tackle Illinois’ Big Pension Problem? (Doug Finke / Peoria Journal Star)
• Pretty Low in New Jersey (blog - John Bury / Burypensions)
• Massachusetts State Police 'Shouldn't Be Destroying Any Payroll Records,' Massachusetts Gov. Charlie Baker Says (Gintautas Dumcius / MassLive)
• Don't Panic About Our Falling Birth Rate -- Yet (Tiana Lowe / Washington Examiner)
• PENSION PULSE: PGGM Questions Over-diversification? (blog - Leo Kolivakis)

October 21, 2018

• WEEKEND SPOTLIGHT: Nevada High Court Rules for Public Access to Pension Records (Natalie Bruzda / Las Vegas Review-Journal)

October 20, 2018

• WEEKEND SPOTLIGHT: End This Myth About Public Pensions (Mark Glennon / Wirepoints)

October 19, 2018

• All Orange County Public School Districts But One Bleed Red Ink (op-ed - John Moorlach / Orange County Register)
• California Public Employees Vote Against Pension-Fund Activism (Paul S. Atkins / Wall Street Journal)$$
• Current State of California Pensions Is 'Irresponsible' Says State Treasurer Candidate Greg Conlon (Sam Levin / Daily Californian)
• Election Day Nearing for Voters in Lodi for 1/2 Cent Sales Tax Measure L (Kurt Rivera / ABC 10 News)
• SEC Commissioner Warns: A Retirement Crisis 'Tsunami' Is Approaching (Elizabeth Bauer / Forbes)
• If Republicans Won’t Confront Entitlements, Who Will? (column - Michael R. Strain / Bloomberg)
• Divestment Follies: Going After Facebook.... Again (blog - Mary Pat Campbell / STUMP)
• County Pays Down Pension Liability, Saves Nearly $30 Million Over the Next 20 Years (press release - Coconino County, Arizona)
• Standard & Poor’s Raises Warning Flags About Budget and $10 Billion Pension Borrowing (Fran Spielman / Chicago Sun-Times)
• Local Governments Struggling With Pension Dinged by Credit Rating Agency (Greg Bishop / Illinois News Network)
• Fairfax County May Cut Pension, Retirement Benefits for Some Workers (Max Smith / WTOP)
• Ohio Public Employees Lowers Return Assumption to 7.2% (Rob Kozlowski / Pensions & Investments)
• States Must Do More to Address Other Post-Employment Benefit Liabilities (Lucius McGeHee / The Bond Buyer)
• PBGC on Sears (blog - John Bury / Burypensions)
• PENSION PULSE: PGGM Questions Over-diversification? (blog - Leo Kolivakis)

October 18, 2018

• Why Are California's Local Governments Asking Voters to Approve More Taxes? Pension Costs (op-ed - Dustin Weatherby / Bakersfield Californian)
• This November, Will California Voters Approve $3.6 Billion Per Year in New Taxes? (Edward Ring / California Policy Center)
• Conference November 5: 'How to Address Illinois' Constitutional Pension Crisis' (DePaul University)
• Sears and the Pension Benefit Guaranty Corporation: Who's Bankrupting Whom? (blog - John Bury / Burypensions)
• Worries About Deficits Go Out the Window (Marc Joffe, Spence Purnell & John F. Kunze / Reason Foundation)
• There Is No Party of Fiscal Responsibility Any More, Says Former US Comptroller General David Walker (Megan Henney / Fox Business)
• PENSION PULSE: CPPIB and the Caisse Focus on EMs? (blog - Leo Kolivakis)

October 17, 2018

• It's a slow day for pension crisis news . . .
• Property Tax Surge Reveals the Truth: Local Tax Hikes Are All About Pensions (column - Dan Walters / Sacramento Bee)
• City of San Diego to Seek US Supreme Court Review of Ruling Against Move to DC Plan (Arleen Jacobius / Pensions & Investments)
• Good Work if You Can Get It (column - John Damschroder / Fremont News-Messenger)
• Russian Pensions and the Risk of War (Leon Aron / Wall Street Journal)$$
• PENSION PULSE: Canadian Pensions Cross ESG Threshold? (blog - Leo Kolivakis)
• 5500 Day After – Central States (blog - John Bury / Burypensions)

October 16, 2018

• California Supreme Court Justices Take Rare Step of Recusing Themselves (Associated Press)
• California Supreme Court Recuses Itself in Judicial Raises Case (Bonnie Eslinger / Law360)$$
• Illinois Gubernatorial Debate on Pensions – Number 2 (blog - John Bury / Burypensions)
• Providence, Rhode Island School Bus Driver Strike Ended Yesterday (Sam Read / NBC 10 News)
• Companies With Newly Flush Pensions See Chance to Unload the Risk (Tatyana Shumsky / Wall Street Journal)
• PBGC Statement on Sears Bankruptcy Filing (press release - Pension Benefit Guaranty Corporation)
• Sears' Bankruptcy, the PBGC's Debt and Your Retirement (Elizabeth Bauer / Forbes)
• PENSION PULSE: Has the Market Topped Out? (blog - Leo Kolivakis)

October 15, 2018

• The Economy Is Booming. Why Do So Many of California's Central Valley Cities Want to Raise Taxes? (column - Ryan Lillis / Sacramento Bee)
• 'LA Works' Pension Cuts Are Reduced, Ex-CEO Charged (blog - Ed Mendel / Calpensions)
• Santa Monica Council Candidates Tackle $461 Million in Pension Debt, City Hall Pay -- Part II (Santa Monica Lookout)
• Lake Forest, California Breaks Out the Champagne Ahead of Becoming Debt-Free (Alicia Robinson / Orange County Register)
• What Percentage of Public Pension Income Is From Investment Returns? or Contributions? (blog - Mary Pay Campbell / STUMP)
• Public Pensions Help the Whole City, Not Just Retirees (op-ed - Sherry S. Chan / Crain's New York Business)
• GOLDEN OLDIE: Those 'Pensions Grow the Economy' Studies Are Propaganda (op-ed - Andrew G. Biggs / Denver Post)
• New York City Workers' Pension Funds Hinge on Mayor De Blasio's Environmental Stand (Matthew Chayes / Newsday)
• Illinois Gubernatorial Debate on Pensions (blog - John Bury / Burypensions)
• October Rout Will Test Pensions' Wall Street Crash Protection (Gregory Zuckerman / Wall Street Journal)$$
• Pension Fund Outlook Brightens in 41 States (Danielle Moran / Bloomberg)
• Sears Files for Chapter 11 Bankruptcy (Lillian Rizzo & Suzanne Kapner / Wall Street Journal)$$
• Sears Goes Bankrupt, Mired in Debt and Deserted by Shoppers (Rick Green & Dawn McCarty / Bloomberg)
• PENSION PULSE: A Jittery Week on Wall Street? (blog - Leo Kolivakis)

October 14, 2018

• WEEKEND SPOTLIGHT: Meet the 50,000 Retired California Public Employees Who Receive Annual Pensions of $100,000+ (California Policy Center)

October 13, 2018

• WEEKEND SPOTLIGHT: Lake Forest, California Breaks Out the Champagne Ahead of Becoming Debt-Free (Alicia Robinson / Orange County Register)

October 12, 2018

• As Pension Costs Go Up, California Cities Turn to Voters for Tax Increases (Imran Ghori / The Bond Buyer)
• Is Port Hueneme Sales Tax a 'Pension Tax'? (Arlene Martinez / Ventura County Star)
• California Supreme Court Pension Case Argument Anticipated for Early November (Messing Adam & Jasmine)
• San Diego Will Appeal Costly Pension Ruling to US Supreme Court, Citing Former Mayor's Free-Speech Rights (David Garrick / San Diego Union-Tribune)
• Exposed: Sacramento Bee Goes After Naked Capitalism Blog … Why? (Tony Butka / CityWatch LA)
• Until Transparency - No on Measure E (letter - Frank Palermo / Folsom Telegraph)
• Who Are San Francisco's Highest-Paid Public Employees? (Emily Hoeven / San Francisco Business Times)
• Chicago Mayor Puts $10 Billion Pension Borrowing Plan on Hold (Greg Hinz / Crain's Chicago Business)
• Quincy, Illinois Fire and Police Pension Costs Rise (Doug Wilson / Herald-Whig)
• Oregon Gubernatorial Debate on Pensions (blog - John Bury / Burypensions)
• As State Agencies Privatize Jobs, 'Orphaned' Pension Debts Threaten Kentucky Taxpayers (John Cheves / Lexington Herald-Leader)
• Bigger Social Security Checks in Store for 2019 as Inflation Rises (Lydia DePillis / CNN)
• A Sears Bankruptcy Could Cause One of the Biggest Pension Defaults Ever (Robert Channick / Chicago Tribune)
• The Great American Pension Heist (C.S. Hagen / HPR)
• 'Red Zone' Multiemployer Pension Plans May Never Recover Without Congressional Help, Segal Consulting Maintains (Lee Barney / PlanSponsor)
• PENSION PULSE: The Pension Dashboard? (blog - Leo Kolivakis)

October 11, 2018

• It's a slow pension news day . . .
• California Supreme Court Pension Case Argument Anticipated for Early November (Messing Adam & Jasmine)

October 10, 2018

• Thanks to Skyrocketing Pension Costs, Putting More Money Into Santa Ana's Police Budget Doesn't Help (Norberto Santana Jr / Voice of OC)
• CalPERS' $460 Million Investment: California Firefighters Make It Hard to Break Up With Russia (Natasha Doff & John Gittelsohn / Bloomberg)
• Unusual CalPERS Investment Strategy Misfires 30 Years Later (Newser)
• Thousands of Southerners Planted Trees for Retirement. It Didn’t Work. (Ryan Dezember / Wall Street Journal)$$
• Newport Beach Council Incumbents Are Getting Pension Obligations Under Control (letter - Bob McCaffrey / Daily Pilot)
• City of Santa Clara Subject of CalPERS Investigation (Carolyn Schuk / Silicon Valley Voice)
• New 'Zombie Index' Helps Illuminate Risks Facing Taxpayers (blog - Bill Bergman / Truth in Accounting)
• Pennsylvania Pensions in Jeopardy (blog - John Bury / Burypensions)
• True Debt, Pension, Healthcare Payments Would Consume Half of Illinois' Revenue; Bankruptcy Option Needed (Mark Glennon / Wirepoints)
• BREAKING: Local 805 Gets Letter to Cut Benefits; SMW Sends Letter (blog - John Bury / Burypensions)
• A Comprehensive Federal Budget Plan to Avert a Debt Crisis (Brian Riedl / Manhattan Institute)
• PENSION PULSE: PSP Acquires Forth Ports? (blog - Leo Kolivakis)

October 9, 2018

• Peralta Community College's Outrageous Retirement Debt Bond Scheme (editorial - San Jose Mercury News)
• Election 2018: Pension Crisis May Be Quietly Driving Local 'Hotel Tax’ Measures (Nicholas Ibarra / Santa Cruz Sentinel)
• 140-Hour Average Workweek Boosts Firefighter's Compensation to More Than $1 Million Over the Past Two Years (Robert Fellner / Transparent California)
• California Taxes: The Sky Is the Limit (Jack Humphreville / CityWatch LA)
• California Gubernatorial Candidates Spar in Only Pre-Election Debate, Fail to Touch on Pension Reform (Maria Dinzeo / Courthouse News)
• CalPERS Quickie: President Pushed Off the Board Due to ESG Over Pension Security (blog - Mary Pat Campbell / STUMP)
• Yuba City Takes Proactive Approach to CalPERS (Appeal-Democrat)
• PBS to Air 'The Pension Gamble' on October 23 (FRONTLINE)
• Pepperdine Forum on Public Pensions (blog - John Bury / Burypensions)
• Oregon's Pension Fund: Here's How Many People Get $100,000-Plus Pensions (Ted Sickinger / The Oregonian)
• Oregon's $22 Billion Pension Hole: How Did We Get Here? (video - The Oregonian)
• Climate Change, Country Clubs, and Connecticut's Unfunded Pension Liabilities (Christine Stuart / CT News Junkie)
• PENSION PULSE: Rate Rise Signaling Market Trouble? (blog - Leo Kolivakis)

October 8, 2018

• Will CalPERS Finally Focus on Returns? (editorial - San Diego Union-Tribune)
• CalPERS President Loses Her Board Seat (Randy Diamond / Chief Investment Officer)
• Taxpayers Again Take California Fiscal Hit (Larry Wilson & Susan Shelley / Los Angeles Daily News)
• On Pension Fund Divestment: Teachers Should Consider 5-10% Reductions in Their Pensions (letter - CALmatters)
• Potential Crash Worse Than 2008? Unfunded Pension Liabilities Could Be to Blame (op-ed - George Landrith / Daily Caller)
• A Thoughtful Reminder of Another Pension Landmine (blog - James A. Bacon / Bacon's Rebellion)
• Fixing Public Pensions With Private Creativity (Joel Naroff / Philadelphia Inquirer)
• Connecticut Candidate for Governor: Tapping Pension Funds Is Risky -- Doing Nothing Is Worse (Keith M. Phaneuf / CT Mirror)
• Oregon Pension Fund's Pain Increases as Election Nears (editorial - Bend Bulletin)
• Blaming the New Jersey Supreme Court (blog - John Bury / Burypensions)
• Dodging Kentucky's Pension Crisis Won't Fix It (column - Jim Waters / Richmond Register)
• Arizona Voters Saved Public Safety Pensions; Prop. 125 Would Do the Same for Corrections Officers (op-ed - Brian Tobin / AZ Central)
• How Public Employee Benefits (Beyond Pensions and Health Care) Compare to the Private Sector's (Katherine Barrett & Richard Greene / Governing)
• Western States Multiemployer Pension Benefit Cuts Finalized (Hazel Bradford / Pensions & Investments)
• UK: The Extinction of Defined-Benefit Pension Plans Is Almost Upon Us (op-ed - Frederick Vettese / The Globe and Mail)
• Putin's Botched Pension Reform (Andrei Movchan / Project Syndicate)
• PENSION PULSE: Rate Rise Signaling Market Trouble? (blog - Leo Kolivakis)

October 7, 2018

• WEEKEND SPOTLIGHT: Potential Crash Worse Than 2008? Unfunded Pension Liabilities Could Be to Blame (op-ed - George Landrith / Daily Caller)

October 6, 2018

• WEEKEND SPOTLIGHT: Will CalPERS Finally Focus on Returns? (editorial - San Diego Union-Tribune)
• WEEKEND SPOTLIGHT: On Pension Fund Divestment: Teachers Should Consider 5-10% Reductions in Their Pensions (letter - CALmatters)

October 5, 2018

• CalPERS President Loses Board Seat to Policeman (blog - Ed Mendel / Calpensions)
• Shakeup at CalPERS Board: Cop Unseats Pension Fund's President in Election (column - Adam Ashton / Sacramento Bee)
• CalPERS Board President Is Ousted in Election, Losing to Corona Police Officer (John Myers / Los Angeles Times)
• Worried About CalPERS? Three New Laws Could Protect Workers, Governments. (column - Adam Ashton / Sacramento Bee)
• Public Pension Funding Crisis: Who Was Jeremy Gold and Why Should You Care? (Elizabeth Bauer / Forbes)
• New Jersey Pension for a Felon (blog - John Bury / Burypensions)
• Ready for a Government-Run 401(k)? (Nevin E. Adams / NAPA)
• PENSION PULSE: The Global Bond Rout? (blog - Leo Kolivakis)

October 4, 2018

• Outrageous Public Employee Pay Is the Cause of California's Bad Roads (Steven Greenhut / The American Spectator)
• San Diego Spending $100,000 for Estimate of How Costly August Supreme Court Pension Ruling Could Be (David Garrick / San Diego Union-Tribune)
• Pensions Now Depend on Bubbles Never Popping (But All Bubbles Pop) (blog - Charles Hugh Smith / Of Two Minds)
• Taxpayer Advocate Says Pensions Are 'Bankrupting' Illinois (Steve Tarter / Journal Star)
• FASB Changes to Defined Benefit Plan Disclosure Requirements (commentary - David Davala / Pensions & Investments)
• Putin Signs Controversial Pension Age Law (The Moscow Times)
• PENSION PULSE: CPPIB and OTPP Bet on Mexican Toll Roads? (blog - Leo Kolivakis)

October 3, 2018

• California Firefighter Who Made $327,491 in 2017 Asks Us to Support Higher Taxes (Edward Ring / California Policy Center)
• Report by State Senator Moorlach Finds 2/3 of California’s 944 School Districts Bleed Red Ink (FullertonWatch)
• Go to Jail, Collect Your Pension (James Coll / City Journal)
• Pension Problem Has No Easy Solutions (editorial - the Times)
• Pension Discount Rate and Investment Rate Are Not the Same Thing (Richard F. Keevey / NJ Spotlight)/
• A Nepotism Hire for Director of the PBGC? (blog - John Bury / Burypensions)
• Russian Senate Passes Contentious Pension Age Hike Bill (The Moscow Times)
• PENSION PULSE: The CAQ and the Caisse? (blog - Leo Kolivakis)

October 2, 2018

• How Public Pension Boards Are Making a Crisis Worse (Daniel DiSalvo / Governing)
• CalPERS to Review Whether International Stock Holdings Should Be Reduced (Randy Diamond / Chief Investment Officer)
• Governor Brown Vetoes California Judicial Pension Reform Bill SB 656 (Sen. John Moorlach / Orange County Breeze)
• CalSTRS and CalPERS Can Continue to Invest Millions of Dollars With Turkish Government (CBS Sacramento)
• Lake Forest Takes Formal Step to Pay Off Only Remaining Debt -- to CalPERS (Orange County Breeze)
• Are California's Democrats Really Charting a Future Path for the Rest of the Country? (Michael Warren / Weekly Standard)
• Pension War in New Jersey (blog - John Bury / Burypensions)
• New Jersey Panel Proposes '401(k) Pension' for Some State, Local Workers (John Reitmeyer / NJ Spotlight)
• Will This Lawsuit Cause Kentucky’s State Pension Fund to Collapse? (John Cheves / Lexington Herald-Leader)
• Springfield, Massachusetts Officials Tackle Pension Debt With Proposed $2 Million Budget Transfer (Peter Goonan / Springfield Republican)
• PENSION PULSE: Overcoming Public Pension Fund Risks? (blog - Leo Kolivakis)

October 1, 2018

• Federal Reserve Accounting Change Doubles Unfunded Pension Obligations (Alexandre Tanzi / Bloomberg)
• The Federal Reserve Tells a Big Truth on Pensions (blog - David Crane / FullertonWatch)
• VIDEO: 'What They Don't Want You to Know' About California Taxes and Pensions (speaker: David Crane / Coalition of Sensible Taxpayers Fall 2018 Forum)
• Pension Reform Activist David Crane Brings Mission to Revise State Finances to Marin (Keri Brenner / Marin Independent Journal)
• Who Is Being Cynical Here? (Steven Greenhut / The American Spectator)
• California Schools Face Bleak Financial Future (column - Dan Walters / CALmatters)
• CalPERS Has $360 Billion to Invest, But It Can’t Figure Out What to Do With This Blogger (column - Adam Ashton / Sacramento Bee)
• Rough Seas to Greet New CIO of CalPERS (Arleen Jacobius / Pensions & Investments)
• The Chicken Little Effect on Illinois’ Pension Crisis (Tim Jones / State Journal-Register)
• Illinois Pension Meltdown! (video - Only in Illinois)
• Albanian-Style State Pension Returns (blog - John Bury / Burypensions)
• New Jersey Pension Fund Mulls Nike Divestment Over Colin Kaepernick Ads (column - Chauncey Alcorn / Mic)
• Actuarial Stuff: Mergers, Bootings, and Secrecy (Oh My!) (blog - Mary Pat Campbell / STUMP)
• Dallas Squares Off With Another City Pension Fund (Corbett Smith / Dallas Morning News)
• If Even Putin Can't Fix Pensions, Who Can? (column - Dan Hannan / Washington Examiner)
• PENSION PULSE: Investors in the Wrong Trade? (blog - Leo Kolivakis)

September 30, 2018

• WEEKEND SPOTLIGHT: Pension Reform Activist David Crane Brings Mission to Revise State Finances to Marin (Keri Brenner / Marin Independent Journal)

September 29, 2018

• WEEKEND SPOTLIGHT: CalPERS Has $360 Billion to Invest, But It Can’t Figure Out What to Do With This Blogger (column - Adam Ashton / Sacramento Bee)

September 28, 2018

• Salinas, California's Deficit Could Rise to $10.5 Million in Ten Years. Now, Council Is Looking for Solutions. (Eduardo Cuevas / Salinas Californian)
• Oakland, California School Suppers Quietly Vanish in District Fiscal Crisis (column - Otis R. Taylor Jr. / San Fancisco Chronicle)
• The 'Really Big Band-Aid’ California Schools Have Yet to Rip Off: Ballooning Pension Costs (column - Will Huntsberry / Voice of San Diego)
• CalPERS Craziness: A Performance Review . . . and an Investigation? (blog - Mary Pat Campbell / STUMP)
• Ridgecrest City Council Approves First Step in CalPERS Bonding (Jessica Weston / Daily Independent)
• ISSUE BRIEF: Substantial Investment in Complex and Risky Assets Exposes Pension Funds to Market Volatility and High Fees (Pew Charitable Trusts)
• Pensions Are Shelling Out Billions in Fees -- and It's Not Paying Off (Liz Farmer / Governing)
• Public Pensions Are Paying Higher Fees for Lower Returns, Pew Study Finds (John W. Schoen / CNBC)
• Texas Mired in Unfunded Pension Debt (Johnny Kampis / Texas Monitor)
• Report: New York State Is Sitting on a Debt Bomb (Will Bredderman / Crain's New York Business)
• Report: Nevada Ranks 16th in Nation for Fiscal Health (Bethany Blankley / Nevada Watchdog)
• Public Pension Funding Remains Challenging, Despite Two-Year Streak of Healthy Investment Returns (Anil Niraula / Reason Foundation)
• Mayor Says 70% of Easton, Pennsylvania's Real Estate Taxes Will Go Toward Pensions Next Year (Christina Tatu / Morning Call)
• Connecticut Law Requires Full Funding of Pensions, SEBAC Overrode It (Marc E. Fitch / Yankee Institute)
• American Academy of Actuaries to Bailout Committee (blog - John Bury / Burypensions)
• Verizon Is Encouraging Employees to Retire Early to Cut Costs (Chris Mills / BGR)
• PENSION PULSE: OTPP Signs Tobacco-Free Pledge? (blog - Leo Kolivakis)

September 27, 2018

• Just How Much Money Might CalPERS Have to Collect in an Economic Downturn? (Edward Ring / California Policy Center)
• CalPERS Sued Over Failure to Reveal Whether Retirees Are on Disability Pensions (John Breslin / Northern California Record)
• Investigate Hiring of CalPERS CEO, John Chiang Says (column - Adam Ashton / Sacramento Bee)
• Fiscal State of the States (blog - John Bury / Burypensions)
• Report: Political Motivation on Public Pension Boards Leads to Bad Decisions, Higher Taxes (Cole Lauterbach / Illinois Watchdog)
• Illinois Supreme Court Hears 'Teacher for a Day' Pensioner Case (Cole Lauterbach / Illinois News Network)
• Providence Bus Drivers to Strike After Last-Minute Negotiations Fail (Steph Machado, Sarah Doiron, Shiina Losciuto & Shaun Towne / WPRI-TV)
• Russian Revolts Over Retirement Reduction (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Strong Movement Towards Green Financing? (blog - Leo Kolivakis)

September 26, 2018

• Behind Closed Doors, University of California Officials Address Mismanagement Claims (Leanna Orr / Institutional Investor)
• CalPERS Board Rewards CEO With $84,000 Bonus, 4% Raise (column - Adam Ashton / Sacramento Bee)
• How the Crisis Caused a Pension Train Wreck (Yves Smith / Naked Capitalism)
• Garcetti's Financial Follies (Jack Humphreville / CityWatch LA)
• LAUSD: A School Budget Showdown in California (The 74 Million)
• NEW REPORT: Financial State of the States 2018 (Truth in Accounting)
• Four States That Will Founder When the Next Recession Hits (Orphe Divounguy / The Fiscal Times)
• Shut Down Illinois Lawmaker Pensions: They’re Already Bankrupt (Part 1) (Ted Dabrowski & John Klingner / Wirepoints)
• Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says (Chris Butera / Chief Investment Officer)
• The Fed Has Solved the Bond Market’s Pension Puzzle (Alexandra Scaggs / Barron's)$$
• Horizon Self Interest (3) - 'Stunning Ignorance' (blog - John Bury / Burypensions)
• PENSION PULSE: Ontario's New Non-Profit Pension Plan? (blog - Leo Kolivakis)

September 25, 2018

• From 'End of the World' to 'No Big Deal'-- Unions Change Their Tune on Janus Decision (Steven Greenhut / California Policy Center)
• Can California’s Next Governor Fix the State’s Problems? It Depends on Palo Alto (Melanie Mason / Los Angeles Times)
• PENSION PULSE: CalPERS Names New CIO (blog - Leo Kolivakis)
• Where Your Money Goes (Timothy L. Coyle / Fox & Hounds)
• Legacy of Lehman Brothers Is a Global Pensions Mess (John Authers & Brooke Fox / Financial Times)
• Forty US States Cannot Afford to Pay All Their Bills (Mayra Rodriguez Valladares / Forbes)
• Analysis: Public Retirement Plan Pressure Won’t End Soon (Jeff Amy / Idaho Statesman)
• Should Public Pension Plan Assets Be Managed for Pensioners, or Taxpayers? (blog - Bill Bergman / Truth In Accounting)
• Despite National Economic Recovery, Illinois’ Debt Per Taxpayer Worse Than During Great Recession (Greg Bishop / Illinois News Network)
• Chicago Teachers Pension Fund to Lower Assumed Return Rate to 7% Next Fiscal Year (Rob Kozlowski / pensions & investments)
• Latest Bad Pension Idea: Transfer Midway Airport and Other Chicago Assets to Its Pensions (Mark Glennon / Wirepoints)
• Horizon Self Interest (1) - Motive (blog - John Bury / Burypensions)
• Horizon Self Interest (2) - Overfunding Danger (blog - John Bury / Burypensions)
• Thousands of Spanish Retirees Protest Over Pensions (Newsflare)

September 24, 2018

• We Are Experiencing Technical Issues Today and Will Not Be Publishing as Usual; Here Are Some Key Headlines:
• Former San Gabriel Valley Agency Employees Who Saw Their CalPERS Pensions Slashed Get Tiny Bit Restored (Christopher Yee / Pasadena Star-News)
• CalSTRS Weighing $300 Million Expansion in West Sacramento (column - Adam Ashton / Sacramento Bee)
• David Crane to Speak Today in Marin County About Pensions, Etc. (Marin Coalition of Sensible Taxpayers)
• Former Redwood City Cop (Receiving a $126,369 Pension) in 17½-Hour Standoff May Get Charged With a Misdemeanor (Emily Mibach / Palo Alto Daily News)
• Take Away Perps' Pensions: Crooked Massachusetts State Troopers Still Enjoying Payouts (column - Howie Carr / Boston Herald)
• NEW STUDY: Rethinking the Structure of Teacher Retirement Benefits (Josh B. McGee & Marcus A. Winters / Sage Journal)

September 23, 2018

• WEEKEND SPOTLIGHT: Take Away Perps' Pensions; Crooked Massachusetts State Troopers Still Enjoying Payouts (column - Howie Carr / Boston Herald)

September 22, 2018

• WEEKEND SPOTLIGHT: CalSTRS Weighing $300 Million Expansion in West Sacramento (column - Adam Ashton / Sacramento Bee)

September 21, 2018

• State's Police Chiefs Support New Voice on CalPERS Board (Elizabeth Larson / Lake County News)
• Kentucky Supreme Court Hears Arguments on Future of Public Pension System (WLKY-TV)
• State of Illinois and Many of Its Municipalities Are Drowning in Unsustainable Pension Costs (column - Jim Nowlan / The Times)
• If Chicago Can’t Even Fund Its Pensions, How Is It Going to Fund 'Universal Basic Incomes' for the Masses? (Vicki Batts / Natural News)
• Illinois Pension Debate - Not Even a Table (blog - John Bury / Burypensions)
• Hurricane Florence May Lift Social Security Benefits in 2019 (Sean Williams / The Motley Fool)
• After 9/11: The Staggering Economic and Human Cost of the War on Terror (Ben Dangl / CounterPunch)
• PENSION PULSE: America's Retirement Nightmare? (blog - Leo Kolivakis)

September 20, 2018

• Political Expediency Worsens Long-Term Consequences (column - Dan Walters / CALmatters)
• CalPERS Looks to China for New Investment Chief (Dawn Lim & Heather Gillers / Wall Street Journal)
• CalPERS Needs to Come Clean About Its CEO's Educational Background (column - Michael Hiltzik / Los Angeles Times)
• Unions Are Putting Thousands Into a CalPERS Board Election. Will Workers Actually Vote? (column - Adam Ashton / Sacrameno Bee)
• The Opportunity Created by California's Overly-Generous Public Pensions (Wayne Winegarden / Forbes)
• Poway City Council Considering Special Pension Account (Steve Dreyer / San Diego Union-Tribune)
• Report: Every Adult in the State Owes $4,000 for Teacher Health Care Costs; Pensions Not Included (Cole Lauterbach / Illinois News Network)
• Chicago Is a Big Ball of Bad Ideas (blog - Mary Pat Campbell / STUMP)
• Peoria City Council Looks Into Budget Options (Steve Tarter / Journal Star)
• Connecticut Pension Debate on the Table (blog - John Bury / Burypensions)
• NYPD Cops Charged With Protecting Prostitution Ring Still Eligible for Pensions (Larry Celona, Lorena Mongelli & Bruce Golding / New York Post)
• Fort Worth Approves Budget. Why a Tragedy Has Temporarily Put Pension Fix on Hold (Bill Hanna / Star-Telegram)
• 'Multiemployer' Pension Hole Keeps Getting Deeper (Andrew G. Biggs / Real Clear Policy)
• Cato: Sears’ Pension Problems Should Be Lesson for Governments to Get Out of Pensions (Greg Bishop / Illinois News Network)
• PENSION PULSE: Caisse Chief Sounds Alarm on Climate? (blog - Leo Kolivakis)

September 19, 2018

• Don't Let These Six Bay Area Cities Take Your Home Equity (editorial - San Jose Mercury News)
• San Diego Officials Divided Over Accelerating Payoff of City's $2.76 Billion Pension Debt (David Garrick / San Diego Union-Tribune)
• PENSION PULSE: CalPERS CEO Under Fire? (blog - Leo Kolivakis)
• CalPERS Obligations and Lack of Revenue Hampers Lompoc City Services (Ron Fink / Noozhawk)
• Danville, California: Pension Costs Hang Over Vote on $1.4 Million Grant to Hire Firefighters (Tracy Crane / News-Gazette)
• Ridgecrest City Council to Discuss Bonding CalPERS Unfunded Liability Today (Jessica Weston / Daily Independent)
• Podcast: Lawrence McQuillan on America's Public Pension Crisis (Financial Sense)
• Report Says Pension Boards Share Blame for States' Widening Debt (Keith M. Phaneuf / CT Mirror)
• Substitute Teacher for a Day Wants Bigger Pension Restored (Jaclyn Driscoll / NPR Illinois)
• Crowding Out: Chicago Pension Fund Demands Intercept of State Grant Money (Adam Schuster / Illinois Policy)
• Doing Something (Nothing) on New Jersey Health Care Costs (blog - John Bury / Burypensions)
• Europe's Looming Pensions Crunch (John Cassar White / Times of Malta)

September 18, 2018

• Pension Costs Underlie Tax Increases in Seven Orange County Cities (Thy Vo / Voice of OC)
• Gap Between Haves, Have-Nots Is Growing (Hazel Bradford / Pensions & Investments)
• Wilshire Consulting Report Shows Pension Funding Levels Increased in Cities and Counties in Fiscal Year 2017 (press release - Citizen Tribune)
• Pension Reform for Weasels (blog - John Bury / Burypensions)
• MTA Capital Costs Have Soared to Pay for Underfunded Metro New York Construction Union Pensions (Larry Littlefield / Saying the Unsaid in New York)
• Will Emanuel Put Chicago Taxpayers at Even Greater Risk? (op-ed - Kristen McQueary / Chicago Tribune)
• Daley Hoping for Chicago Pension Help From a Gov. Pritzker (blog - Rich Miller / Capitol Fax)
• PENSION PULSE: Blackstone's $18 Billion Distressed RE Fund? (blog - Leo Kolivakis)

September 17, 2018

• Growing Pension Costs to Force Cities to Raise Taxes, Cut Services, Says S&P Report (Cole Lauterbach / Illinois News Network)
• Sonoma County Employees Could Take on More Pension Costs Under Policy Backed by Supervisors (J.D. Morris / Press Democrat)
• CalPERS’ PR Strategy on CEO Marcie Frost's Resume Lies Backfiring (Yves Smith / Naked Capitalism)
• CalPERS' CEO With No College Degree: 'Integrity’ or 'Sad, Sad Circus?’ (Troy Warner / MTL News)
• California’s Degrees of Separation From Truth and Accountability (K. Lloyd Billingsley / Independent Institute)
• Divestment Follies: An Actual Cogent Case...Kind of (blog - Mary Pat Campbell / STUMP)
• How to Control the Pension Debt (James M. Hohman / Mackinac Center)
• Fault in Our States (blog - John Bury / Burypensions)
• Pension Intercept Comes to Chicago - Latest Dibs on Body Parts (Mark Glennon / Wirepoints)
• High-Risk Real Estate Investments Cost Chicago Pension Funds $54 Million, Win Fund Managers $9 Million (Vincent Caruso / Illinois Policy)
• Sears CEO: Retiree Pensions Are Killing US, Not Online Shopping (Brittany Shoot / Fortune)
• PENSION PULSE: Late Innings of the Bull Market? (blog - Leo Kolivakis)

September 16, 2018

• WEEKEND SPOTLIGHT: Growing Pension Costs to Force Cities to Raise Taxes, Cut Services, Says S&P Report (Cole Lauterbach / Illinois News Network)

September 15, 2018

• WEEKEND SPOTLIGHT: Sears CEO: Retiree Pensions Are Killing US, Not Online Shopping (Brittany Shoot / Fortune)

September 14, 2018

• CalPERS Hired a CEO Without a College Degree. Now the Public Pension Fund Is Explaining Why (column - Adam Ashton / Sacramento Bee)
• Work for Culver City, Make $500,000 Per Year (column - Neil Rubenstein / Culver City Observer)
• California State Engineers Say Yes to 8.5 Percent Raise, Other Perks (column - Adam Ashton / Sacramento Bee)
• CalPERS and Other Retirement Funds Flow Into Sanctioned Russian Companies (Seth Hettena / Rolling Stone)
• Selling the Multiemployer Bailout (blog - John Bury / Burypensions)
• Multiemployer Pension Plans Can’t Cut Their Way to Solvency (Alicia H. Munnell / MarketWatch)
• PENSION PULSE: BlackRock Expands Private Markets? (blog - Leo Kolivakis)

September 13, 2018

• Public Needs to Keep an Eye on Pensions, But Lawsuit Says CalPERS Withholds Core Data (Steven Greenhut / California Policy Center)
• California Supreme Court Adds Hipsher to Pension Case Queue (Messing Adam & Jasmine)
• California Mandates That CalPERS and CalSTRS Factor Climate Risk Into Investments (Nithin Coca / Sustainable Brands)
• Christie in Fear (blog - John Bury / Burypensions)
• Brookfield, Connecticut's New Pension Plan Weans Employees Off Defined Benefit (Julia Perkins / Greenwich Time)
• Pension Arguments Before Kentucky Supreme Court to Be Aired on Statewide Television (Lexington Herald Leader)
• Illinois School Principal's Retirement Windfall Highlights Pension Problems (Sarah Quinlan / Heartland Institute)
• Taxpayers United of America Believes the State of Illinois Needs a Pension Reform (Kourtney Adams / WIFR-TV)
• Former Joliet, Illinois City Manager Getting a Public Pension Applying for a Job in Florida (Monica DeSantis / WJOL-AM)
• Multiemployer Pension Crisis Fix to Cost $34 Billion, Far Less Than First Estimated (Madison Alder / Bloomberg)

September 12, 2018

• Voters Shouldn't Let Firefighters' Union Run the Moraga Orinda Fire Pension Board (editorial - Mercury News)
• Two Ways to Reduce LAUSD's Budget Shortfall (op-ed - Jonathan Butcher / Orange County Register)
• Trying to Deflect the Blame: CalPERS and the Catholic Church (and Trump!) (blog - Mary Pat Campbell / STUMP)
• NEW REPORT: The Politics of Public Pension Boards (Daniel DiSalvo / Manhattan Institute)
• Why Unions' Supreme Court Loss May Not Be as Bad as It Seems (Mike Maciag / Governing)
• Is Emanuel’s $10 Billion Bond Borrowing Plan the Right Pension Fix for Chicago? (Evan Garcia / Chicago Tonight)
• Pension Provisions of New Republican Tax Plan (blog - John Bury / Burypensions)
• One Day on the Job Qualified Returning Wilkes-Barre City Worker for Pension (Jerry Lynott / Times Leader)
• Connecticut Pension Panel Looking at Logistics of Using Lottery to Fund Liabilities (Eric Bedner / Journal Inquirer)
• How In-Kind Asset Contributions Could Boost Connecticut's Pension Funding (Paul Burton / The Bond Buyer)$$
• As $1.6 Billion Pension Shortfall Vote Looms, Negotiations Intensify in Fort Worth (Todd Unger / WFAA-TV 8)
• Fort Worth Police Association Releases Video Urging Council to Keep Promises (WBAP Radio)
• Russian Police Arrest 1,195 Activists During Pension Riots (Jeff Fawkes / BITSONLINE)
• Scores Detained in Russian Pension Protests (video - Washington Post)
• UK: The Three Crises at the Heart of Our Pension System (Steve Bee / Money Marketing)
• PENSION PULSE: The 7th Inning of the Cycle? (blog - Leo Kolivakis)

September 11, 2018

• LOOKING BACK: 9/11's Legacy: California's Huge Public Safety Pensions (Teri Sforza / Orange County Register)
• Chowchilla, California Pursues Pension Obligation Bond Deal (Imran Ghori / The Bond Buyer)$$
• Would Sacramento's Measure U to Renew an Existing Half-Cent Sales Tax All Go to Pensions? (editorial - Sacramento Bee)
• Doing Something (Nothing) on New Jersey Pensions (blog - John Bury / Burypensions)
• An Examination of Counties in Illinois (Civic Federation)
• DC Metro's Soaring Pension Costs Threaten Future Service, Federal Report Says (Faiz Siddiqui & Robert Mccartney / Washington Post)
• Fixing Postal Pensions Doesn't Need to Cost Taxpayers (Nick Zaiac / The Hill)
• PENSION PULSE: Pensions Slow to Move on Climate Risk? (blog - Leo Kolivakis)

September 10, 2018

• California's Pension Crisis Hits Disadvantaged Students the Hardest (op-ed - Lisa Snell / Press-Enterprise)
• Why Is the Media Treating CalPERS With Kid Gloves? (Robert Fellner / Transparent California)
• GOLDEN OLDIE: 9/11's Legacy: California's Huge Public Safety Pensions (Teri Sforza / Orange County Register)
• A More Likely Reason Rahm Emanuel Dropped Out of the Race for Mayor: The Chicago Time Bomb (Ted Dabrowski & John Klingner / Wirepoints)
• Why Pension Liabilities May Crowd Out Cities' Capital Investment (Brian Tumulty / The Bond Buyer)$$
• Fort Worth Kicks in More Money for Pension Fix. Police, Fire Say It’s Not Enough (Bill Hanna / Star-Telegram)
• Conversations on New Jersey Pension Reform (blog - John Bury / Burypensions)
• Public Employees' Pay, Benefits and Rights Become Campaign Issues (column - Katherine Barrett & Richard Greene / Governing)
• The Pension Crisis Is Bigger Than the World's 20 Largest Economies (Simon Black / Sovereign Man)
• Protesters Across Russia Rally Against Kremlin Plan to Raise Retirement Age (Sabra Ayres / Los Angeles Times)
• PENSION PULSE: The Confounding Market? (blog - Leo Kolivakis)

September 9, 2018

• WEEKEND SPOTLIGHT: California’s Pension Crisis Hits Disadvantaged Students the Hardest (op-ed - Lisa Snell / Press-Enterprise)

September 8, 2018

• WEEKEND SPOTLIGHT: The Pension Crisis Is Bigger Than the World's 20 Largest Economies (Simon Black / Sovereign Man)

September 7, 2018

• In the Last 25 Years, Sonoma County’s Pension Liability Rose Eleven Times Faster Than Tax Revenues (Ken Churchill / California Policy Center)
• LA's Pension Shenanigans: Stealing From Our Kids (Jack Humphreville / CityWatch LA)
• CalPERS Disaster Shapes Bill Sent to Gov. Jerry Brown (column - Adam Ashton / Sacramento Bee)
• Chicago's Pension Bond as Proposed Would Blow a Golden Opportunity for Pension Reform (Mark Glennon / Wirepoints)
• Illinois Is Rapidly Advancing Into One of the Worst State Gov't Pension Liability Crises in American History (Craig Eyermann / Independent Institute)
• Four Issues of Free Speech (blog - John Bury / Burypensions)
• PENSION PULSE: Pensions Rush to Buy Treasury Strips? (blog - Leo Kolivakis)

September 6, 2018

• Required Vote for California Local Tax Increases in Legal Limbo (column - Dan Walters / Napa Valley Register)
• We Still Need to Reform DROP -- Deferred Retirement Option Plans (John Moorlach / Fox & Hounds)
• Jerry Sanders Has a Right to Free Speech, Too (op-ed - Jan Goldsmith / Voice of San Diego)
• The Teachers Union's Demands Would Drive LAUSD to Bankruptcy (op-ed - Christian Barnard / Orange County Register)
• Sacramento Newspaper Puts Searchable Salary Database of California State Workers Online (Sacramento Bee)
• Illinois' Schaumburg Park District Pensions Costing Taxpayers Millions (Vincent Caruso / Illinois Policy)
• Gov. Kim Reynolds on Iowa's Pensions: 'We Will Absolutely Honor the Commitments That Have Been Made' (William Petroski / Des Moines Register)
• As Nike Boycott Gets Underway, Next Battleground May Be Pensions (Brandon Kochkodin / Bloomberg)
• Shoe Is on the Other Foot: Police Unions Call for Nike Divestment (and Other Divestment Follies) (blog - Mary Pat Campbell / STUMP)
• Trump Pension Order (blog - John Bury / Burypensions)
• PENSION PULSE: California's Landmark Climate Change Bill? (blog - Leo Kolivakis)

September 5, 2018

• Staffers Accuse California Teachers Association of 'Betrayal' Over Post-Janus Cuts (Mike Antonucci / LA School Report)
• California Controller's Office Publishes 2017 Salary Data for Special Districts (Lake County News)
• Pension Stress Testing Can Help States Plan for the Next Recession (op-ed - Greg Mennis / Pensions & Investments)
• Pension Bonds: Lessons From the State of Illinois (Civic Federation)
• Public Pension Underfunding (Craig Foltin, Dale Flesher, Gary Previts & Mary Stone / Strategic Finance)
• PENSION PULSE: Nyet on Pension Reforms? (blog - Leo Kolivakis)

September 4, 2018

• California's Unions Enjoy Clout, But Membership Declining; Elimination of 'California Rule' Would Be Huge Setback (column - Dan Walters / CALmatters)
• Chowchilla Votes to Pursue Bonds to Retire the City Pension Liability (Charles Doud / Madera Tribune)
• CalPERS’ Bet on Sacramento’s Planned Tallest Tower Splits Board (Heather Gillers & Dawn Lim / Wall Street Journal)
• Milwaukee County Retirees Could Lose Cost-Of-Living Increases as Unfunded Pension Liability Grows (Don Behm / Milwaukee Journal Sentinel)
• Illinois Pension Debt-To-Revenue Ratio Hits All-Time High for Any State, Says Moody’s (Adam Schuster / Illinois Policy)
• An Ugly Illinois Pension Update (editorial - News-Gazette)
• New Jersey Lawmakers Try to Wrangle Pension Problem (Joseph De Avila / Wall Street Journal)
• Bond Debt of the States – $1.1 Trillion (blog - John Bury / Burypensions)
• San Juan, Puerto Rico's Archdiocese Files for Bankruptcy Over Teacher Pensions (Catholic News Service)
• Thousands Protest at Putin’s Pension Plans (The Times)
• Why Many Russians Will Never Retire (video - Sky News)
• PENSION PULSE: Get Into Stocks Right Now? (blog - Leo Kolivakis)

September 1, 2018

• HAPPY LABOR DAY: PensionTsunami Is Taking a Four-Day Weekend
• Pension Reform Newsletter – August 2018 (Zachary Christensen / Reason Foundation)

August 31, 2018

• HAPPY LABOR DAY: PensionTsunami Is Taking a Four-Day Weekend
• Financial Times Confirms Accuracy of Our Reporting on CalPERS CEO Marcie Frost’s Resume Misrepresentations (Yves Smith / Naked Capitalism)
• CalPERS Affirms Confidence in CEO Amid Questions on Educational Background (Arleen Jacobius / Pensions & Investments)
• CalPERS CEO's Education to Get Scrutiny From Some Board Members (John Gittelsohn / Bloomberg)

August 30, 2018

• Candidate for Treasurer in California Pushes Public Pension Reform (Nathan Su / The Epoch Times)
• Pension Quickie: Paying for Hamburgers on Tuesday... or Not at All (blog - Mary Pat Campbell / STUMP)
• Mayor Emanuel Defends $10 Billion Pension Bond Plan (Fran Spielman / Chicago Sun-Times)
• Can Emanuel’s Bad Pension Borrowing Be Made Good? (column - Greg Hinz / Crain's Chicago Business)
• A 'Plan' to Make Chicago's 'Bad Pension Borrowing' Good? Greg Hinz Is Mighty Confused (Mark Glennon / Wirepoints)
• Chicago's Risky Bid to Dig Itself Out From Massive Pension Debts (Rachel Greszler / Daily Signal)
• FASB Takes Big Steps on Disclosure Effectiveness (Ken Tysiac / Journal of Accountancy)
• Power Multiemployer Bailout Campaign (blog - John Bury / Burypensions)
• PENSION PULSE: The End of Greece's Bailout? (blog - Leo Kolivakis)

August 29, 2018

• 'Cold Hard Truth': Why San Diego County Schools Are in the Red (Hoa Quách / Poway Patch)
• Crunching Numbers: CalPERS CEO Marcie Frost on Challenges Facing the Largest Public Pension Fund in the Nation (Comstock's)
• The Public-Pension Party Must End (Jon L. Pritchett / National Review)
• Fresno City Pension Chief Is No Fan of Rep. Devin Nunes' Pension Reform Bill (David Taub / GV Wire)
• Is This the Real Reason for Chicago's Pension Obligation Bond Proposal? (Elizabeth Bauer / Forbes)
• Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer? (Chris Butera / Chief Investment Officer)
• Society of Actuaries Seeks Comments on New Mortality Assumptions for Public Pensions (Nick Thornton / BenefitsPro)
• Russia's Putin Softens Pension Reforms After Outcry (BBC)
• Putin Dials Back Pension Plan After Backlash (Ann M. Simmons / Wall Street Journal)$$

August 28, 2018

• NOTE TO VISITORS: We are still experiencing technical problems
• Moody’s Has State Unfunded Pension Liabilities at $1.6 Trillion (blog - John Bury / Burypensions)
• Chicago Pension Obligation Bond Idea: It's the Discount Rate, Stupid (blog - Mary Pat Campbell / STUMP)
• Chicago CFO's Stupendously Bad Timing on Her Last Pension Obligation Bond (Mark Glennon / Wirepoints)
• Mayor Emanuel’s Real Motivations for Chicago’s $10 Billion Pension Bond Plan (Ted Dabrowski & John Klingner / Wirepoints)

August 27, 2018

• Public Pension Crisis: Who Will Cover the $4 Trillion Shortfall? (interview with Olivia Mitchell - Wharton School of Business)
• Controversial DROP Retirement Plan for L.A. Police & Firefighters Would Be Reformed Under New Proposal (Jack Dolan & Ryan Menezes / Los Angeles Times)
• California -- With $1 Trillion in Unfunded Pension Liabilities -- Is a Nanny State on Steroids (editorial - Las Vegas Review-Journal)
• New Survey Shows Public-Sector Union Members Approve Janus Decision (LaborPains.org)
• Skyrocketing Spending on Benefits Hurts Teachers and the Schools That Employ Them (Chad Aldeman & Max Marchitello / The 74 Million)
• Tax Hikes vs. Reform: Why Illinois Must Amend Its Constitution to Fix the Pension Crisis (Adam Schuster / Illinois Policy)
• To All Illinois Legislative Candidates: Show Leadership by Refusing a Legislative Pension (Wirepoints)
• Why Illinois Suburban Property Taxes Are So Extortionately High (Hilary Gowins / Crain's Chicago Business)
• Illinois Pension Actuary Defrocked. Finally. (Mark Glennon / Wirepoints)
• Chicago Pension Data – 2017 (blog - John Bury / Burypensions)
• Report: New Mexico's Retirement Benefits Not Sustainable (Dan McKay / Albuquerque Journal)
• Puerto Rico Has 'Catastrophic' Levels of Debt – Report (Hazel Bradford / Pensions & Investments)
• America’s Hidden Debt (column - Daniel Blitz & Robert Dugger / Times of Oman)
• Sobering Social Security Statistics (David Henderson / Econlib)
• UK: Public Sector Pension Is Worth Three Times That of a Private Worker (Christopher Hope / The Telegraph)
• PENSION PULSE: Riding the Bull to Nirvana? (blog - Leo Kolivakis)

August 26, 2018

• WEEKEND SPOTLIGHT: New Survey Shows Public-Sector Union Members Approve Janus Decision (LaborPains.org)

August 25, 2018

• WEEKEND SPOTLIGHT: Changes to Fraud-Tainted LA DROP Pension Program Announced by Mayor Garcetti (Los Angeles Daily News)

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