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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 completing its ninth year, PensionTsunami.com is edited by Jack Dean.

Latest Newsclips     last updated May 20 11:27am PST

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

May 20, 2013

• California Lawmakers Must Address CalSTRS Pension Fund Shortfall (editorial - Contra Costa Times)
• Wave of California Pension Measures Crests, Court Slog Remains (blog - Ed Mendel / Calpensions)
• CalPERS Seeks to Bar Law Firm in San Bernardino’s Bankruptcy (Steven Church / Bloomberg)
• Jerry Brown’s Last Chance to Save California (David Crane / Bloomberg)
• More Red-State Pension Follies ( Steve Eide / Public Sector Inc.)
• Illinois State Workers Anxious as Lawmakers Debate Pension Reforms (The Southern)
• Why Might Illinois Judges Get a Free Pass in Pension Reform? (column - Steve Vogel / The Pantagraph)
• University Pension Reform Means Illinois College Students Will Pay More (Benjamin Yount / The Times)
• Stocks Surge Buoys Michigan's Pension Plans, May Help Restore Cuts to Services (John Wisely / Detroit Free Press)
• Teacher Pension Reform Passes in Texas (Enrique Rangel / Amarillo Globe-News)
• Ohio Pension Reform Leads to Mass Retirement (Sharon Coolidge / Cincinnati Enquirer)
• PENSION PULSE: NY and NJ Pensions Recover From Crisis? (blog - Leo Kolivakis)
• SEARCHABLE DATABASE: The CalPERS $100,000 Pension Club
• SEARCHABLE DATABASE: The CalSTRS $100,000 Pension Club

May 18, 2013

• Why Moody's Changed the Way It Determines Public Pension Liabilities (video - The Bond Buyer)
• Public Pension Crisis Denier of the Week: The Los Angeles Police Protective League (editorial - LAPPL)
• RADIO DISCUSSION: Los Angeles Police Protective League President Tyler Izen and PensionTsunami Editor Jack Dean (Ron York Show)
• OLDIE GOLDIE: State Treasurer Raimondo's Math Convinced Rhode Island of America’s Public Pension Crisis (Michael McDonald / Bloomberg)
• READ THE REPORT: 'Truth in Numbers: The Security & Sustainability of Rhode Island’s Retirement System' (pdf - Gina Raimondo / General Treasurer)

May 17, 2013

• Q&A With John Moorlach, Member of the Orange County (CA) Board of Supervisors (Stephen Eide / Public Sector Inc.)
• Los Angeles Is B-R-O-K-E (Jack Humphreville / CityWatch LA)
• Muddled Math in Gov. Brown's Budget Revision; No Mention of Unfunded Pension or Healthcare Costs (video blog - Dan Walters / Sacramento Bee)
• Pensions Are Already Bankrupting California and Illinois; Send Message in New York on Pension Costs and Vote No on May 21 (letter - The Island Now)
• Pennsylvania's Public Pension Crisis Will Hit Homeowners and Taxpayers Hard (Priya Abraham / Tribune-Review)
• Fix Needed to Avert Crisis in Pennsylvania's Public Pension Systems (op-ed - Rep. Dan Moul / Gettysburg Times)
• Business Leaders Shun States With Powerful Public Unions (Steve Malanga / Public Sector Inc.)
• PENSION PULSE: Is Real Estate The Best Asset Class? (blog - Leo Kolivakis)

May 16, 2013

• California Cities' Fiscal Problems Are 'Virtually Ubiquitous and Massive' (William M. Welch / USA Today)
• These California Cities Could Be Next in Bankruptcy (William M. Welch / USA Today)
• Gov. Brown’s May Budget Revision Still Kicks the Can (John Seiler / CalWatchdog)
• Ex-Simi Valley City Manager Joins Pension Board Despite Objections From Ventura County Taxpayers Association (Kathleen Wilson / Ventura County Star)
• San Jose City Council Rejects 5 Percent Pay Raise for Itself (John Woolfolk / Mercury News)
• San Jose's Mayor and Council Pay Over the Years (John Woolfolk / Mercury News)
• Unions, Retirees Slam Chicago Mayor's Plan to Cut Health-Care Subsidy (Fran Spielman / Chicago Sun-Times)
• The Makings of Pennsylvania's Pension Funding Crisis (Noah Brode / WESA Radio)
• Gov. Mark Dayton’s – and Minnesota’s – $9.7 Billion Pension Shortfall Problem (RiShawn Biddle / Dropout Nation)
• VIDEO: Discussion on Kentucky's Public Employee Pension Crisis (Logan Morford / Bluegrass Institute)
• PENSION PULSE: Canadian Model Full of Hot Air? (blog - Leo Kolivakis)

May 15, 2013

• Yes, Government Pensions Can Be Completely Canceled (John Seiler / Cal Watchdog)
• California Cities to Remain 'Fiscally Challenged' Over Next Few Years, Says Moody's (Lisa Lambert / Reuters)
• Gov. Brown’s May Budget Revision Balances Only by Ignoring California's Unfunded Liabilities (Katy Grimes / CalWatchdog)
• The Public Employee Union Campaign to Own the Mayor of Los Angeles (Ed Ring / UnionWatch)
• Chicago to Phase Out Health-Care Subsidy for 30,000 Retired City Employees, Forcing Them to Switch to Obamacare (Fran Spielman / Chicago Sun-Times)
• Clock Is Ticking on Illinois Pension Reform (Bob Adelmann / The New American)
• The Civic Federation Urges Illinois to Address Pension Issue (Telegraph Herald)
• New York City's Bloomberg Offers Stunning Prediction of What Tax Rates Could Be Under Next Mayor (with video - Marcia Kramer / CBS New York)
• An Assurance for New Jersey Public Workers on Their Pensions (blog - John Bury / Burypensions)
• Half of Centenarians Have No Regrets, Survey Finds (Rebecca Moore / PlanSponsor)
• A Brief History of IRS Political Targeting (James Bovard / Wall Street Journal)
• PENSION PULSE: Ontario Teachers' New Alpha Chief? (blog - Leo Kolivakis)

May 14, 2013

• Mill Valley, California Takes Action to Cut Pension Costs (editorial - Marin Independent Journal)
• In Vallejo, California Residents Get Say on City Spending; Public Employee Pensions Aren't on List (Ginger Rutland / Sacramento Bee)
• For Real Pension Reform, Inequality and Fairness Must Be Stressed (op-ed - Rich Danker / Sun Sentinel)
• Why Do Illinois GOP House Members Vote No on Pension Reform? (Greg Hinz / Chicago Business)
• Detroit Emergency Manager Might 'Suggest Modifications' to 2 City Pension Plans (Christine Williamson / Pensions & Investments)
• Oklahoma Governor Vetoes Pension Reform Bill (Kevin Olsen / Business Insurance)
• Pennsylvania Public Pension Reform Has to Start With Legislature's Illegal Benefits (letter - Patriot-News)
• What the AFL-CIO Can Do for Returning Military Veterans (blog - Mike Antonucci / Intercepts)
• Salaries of Public College Chiefs Rise; Median Tops $400,000 (Atossa Araxia Abrahamian / Reuters)
• How to Tell if College Presidents Are Overpaid (Richard Vedder / Bloomberg)
• US Economic Indicators to Include Focus on Public Pensions (blog - Susan Mangiero / Pension Risk Matters)
• Teamsters' Multiemployer Pensions on Brink of Collapse: Department of Labor Asked to Investigate (column - Edward 'Ted' Siedle / Forbes)
• Pray for the PBGC (blog - John Bury / Burypensions)
• Pension Reform Seen as Crucial for Ailing Portugal (MSN Money)

May 13, 2013

• California Could Owe $1 Trillion (column - Dan Walters / Sacramento Bee)
• California Local Governments' Pension Burden Becoming Clearer and Clearer (editorial - UT San Diego)
• For California's Public Pensions, Math Is Already at Work (Autumn Carter / Fox & Hounds)
• In La-La Land, America’s Silliest Election: Both Los Angeles Mayoral Candidates Ignore the City's Exploding Pension Costs (Josh Barro / Bloomberg)
• Union Actuary Says the University of California Retirement System Is Overstating Pension Costs (blog - Ed Mendel / Calpensions)
• Glendale, California Pays Big Pensions: More Than 10% Collect $100,000/year (Brittany Levine / Glendale News-Press)
• Glendale, California's Former City Workers Are Retired, But Still Working: Pension Abuse or Money Saver? (Brittany Levine / Glendale News-Press)
• CHART: Glendale's Rehired Retirees (Glendale News-Press)
• Watch the California Assembly Hearing on CalPERS' Long-Term Care (blog - Jon Ortiz / Sacramento Bee)
• Detroit Fiscal Problems Are Severe, Report Says; Retirees Outnumber Current Workers By Two to One (Steven Yaccino & Monica Davey / New York Times)
• Detroit's Emergency Manager: City Clearly Insolvent, Long-Term Debt at $15 Billion (Michael Wayland / MLive.com)
• Illinois Statehouse Insider: Two Pension Plans. Now What? (Doug Finke / State Journal-Register)
• Illinois House Speaker and Senate President Should Collaborate for Best Pension Reform Results (editorial - State Journal-Register)
• Between Two Proposed Illinois Pension Reform Plans, We Like Mike's (editorial - Chicago Business)
• No Matter What Pension Bill Passes in Illinois, A Lawsuit Is Guaranteed (Scott Reeder / Illinois Policy Institute)
• Teacher Union Bullies and Defined Benefit Plans (editorial - Pensions & Investments)
• EDITORIAL CARTOON: American Federation of Teachers Takes a Swing at Defined Benefit Investment Managers (Pensions & Investments)
• On the Edge of a Fiscal Precipice: New York City Is Running Out of Other People’s Money (Alan Joel / Canada Free Press)
• Rising Pension, Health Care Expenses Will Swallow Up Aid Increases to New York Schools (WKTV Utica)
• Denver Pays Wall Street $216 Million as Swaps Fail: Muni Credit (Darrell Preston / Bloomberg)
• Pension System Too Heavy a Burden for Pennsylvania’s Taxpayers to Bear (letter - Delaware County Times)
• Accounting Changes Are Pushing Japanese Companies to Defined Contribution Plans (Douglas Appell / Pensions & Investments)
• PENSION PULSE: Bonds Hear Bubble Echoes? (blog - Leo Kolivakis)

May 10, 2013

• California Assembly Speaker's Bill – Another Giveaway to Firefighter and Police Unions – Is Unnecessary, Irresponsible (editorial - Sacramento Bee)
• The Muddle-Headed World of American Public-Pension Accounting (Buttonwood / The Economist)
• The Los Angeles Mayor's Race: Failing Grades for the Pixie and the Prince (Jack Humphreville / CityWatch LA)
• Adjustable Pension Plans: A New Way to Tame the Public-Pension Beast? (column - Charles Chieppo / Governing)
• The Proposed 'California Secure Choice Retirement Savings Program' Would Be Run by the State (Sophie Quinton / National Journal)
• Illinois Senate Passes Union-Backed Pension Reform Bill (Joanna von Alroth / Reuters)
• Illinois Pension Problem Began Long Ago (Rich Miller / Chicago Sun-Times)
• Is Kentucky the Next Illinois? (press release - State Budget Solutions)
• The Most Dangerous People to Effective Government (blog - John Bury / Burypensions)
• Mayor of Jacksonville, Florida Announces $1.1 Billion in Savings From Pension Reform (Joe Wilhelm Jr / Daily Record)
• Pennsylvania Lawmaker Floats Idea of Outlawed Bond for State Pension Debt (Mary Wilson / WESA Radio)
• After Making $108 Billion in Improper Payments in 2012, Feds Intensify Push to Curb Payments to Dead Beneficiaries (Charles S. Clark / Gov Exec)
• Panasonic to Transition From Defined Benefit Pension Plan to Defined Contribution (Douglas Appell / Pensions & Investments)
• PENSION PULSE: Return of Private Equity Giants? (blog - Leo Kolivakis)

May 9, 2013

• CalPERS Says Insolvent San Bernardino Has Cash to Pay Its Bill (Dale Kasler / Fresno Bee)
• CalPERS Claims Bankrupt San Bernardino Has More Cash Than First Admitted (Tim Reid / Reuters)
• California Unions, Lawmakers Oppose Sale of LA Times to Free-Market-Oriented Koch Brothers (Patrick McGreevy & Chris Megerian / Los Angeles Times)
• San Bernardino Hopes to Move Bankruptcy Case Along (Imran Ghori / Press-Enterprise)
• Los Angeles Department of Water and Power Average Pay Rose 15%, Despite Flagging Economy (Jack Dolan / Los Angeles Times)
• Series on Arizona's Public Safety Pensions: How We Did It (Craig Harris and Beth Duckett / The Republic)
• Five Key Facts About the Public Employee Unions' Illinois Pension Reform Plan (Benjamin Yount / Evanston Now)
• Cook County, Illinois' Public Pension Woes Worsen (Paul Merrion / Chicago Business)
• New York State Investigating Pension-Advance Firms (Jessica Silver-Greenberg / New York Times)
• New Mexico Legislators Receive Pensions, But No Salary (Barry Massey / KTVL-TV)
• PENSION PULSE: Funds Doubling Down on Distressed Debt? (blog - Leo Kolivakis)

May 8, 2013

• GAO Report Says Serious Cuts, Tax Increases Possible Due to Health Care, Pension Costs (Eric Boehm / Watchdog.org)
• READ THE GAO REPORT: 'State and Local Governments' Fiscal Outlook' (US Government Accountability Office)
• CHARTS: 'State and Local Governments' Fiscal Outlook April 2013' (pdf - US Government Accountability Office)
• TV Repo Cop Gets New Jersey Disability Pension (Mark Lagerkvist / New Jersey Watchdog)
• Illinois Retired Teachers Association Threatens to Sue if Pension Reform Proposal Becomes Law (Ray Long and Monique Garcia / Chicago Tribune)
• On Pennsylvania's Public Pensions, Plenty of Ideas But None Catching Fire With Lawmakers (with video - Eric Boehm / PA Independent)
• VIDEO: Pennsylvania Governor Corbett, Republican Lawmakers Talk Need for Pension Reform (02:21 - PA Independent)
• Just Over Half of Americans Say They Are Financially Prepared to Live to the Age of 75, Study Finds (Rebecca Moore / PlanSponsor)
• 10,962,532: US Disability Beneficiaries Now Exceed the Population of Greece (Terence P. Jeffrey / CNS News)
• PENSION PULSE: Brazilian Pension Funds Go Global? (blog - Leo Kolivakis)

May 7, 2013

• Contra Costa County's Bill Pollacek Warned of Public Pension Crisis Before Most Were Listening (editorial - Contra Costa Times)
• Former County Treasurer Bill Pollacek Recalled as Man of Honesty, Conviction (Gary Peterson / Contra Costa Times)
• Bill Opposing Federal Bailout of California Pension Funds Killed by Assembly Finance Committee (KERO-TV Bakersfield)
• As LA's Water and Power Rates Double Over the Next Ten Years, More DWP Ratepayers Will Demand Pension Reforms (Jack Humphreville / CityWatch LA)
• Secret Government Is Becoming Routine in California (column - Dan Walters / Sacramento Bee)
• Court OKs Barring Smart People From Becoming Cops (Really) (blog - Nick Gillespie / Reason)
• Governor Set to Announce Major Overhaul of Pennsylvania's Pension System (with video - Michael Gorsegner / WPMT-TV Harrisburg)
• SEC Contends Harrisburg, Pennsylvania Misled Its Bond Investors (New York Times)
• Oregon Governor Signs Public Employee Pension Cuts (KMTR-TV Eugene)
• Why Rhode Island Isn’t Defaulting on Its Moral Obligations (column - Felix Salmon / Reuters)
• Union-Backed Illinois Pension-Reform Proposal Is Weak (editorial - Chicago Sun-Times)
• Why Are Minnesota Taxpayers Being Forced to Bail Out Public Pension Funds? (letter - Post Bulletin)
• PENSION PULSE: PSP Investments Bets Big on Airports? (blog - Leo Kolivakis)

May 6, 2013

• CalPERS Won’t Refinance San Bernardino's Debt (blog - Ed Mendel / Calpensions)
• EDITORIAL CARTOON: CalPERS Asks Cities for Increased Funding (Lisa Benson)
• Bailing Out State Pensions (editorial - Orange County Register) $$
• California Pension Reform Advocate and Former Contra Costa County Treasurer Bill Pollacek Dies (Katie Nelson / Contra Costa Times)
• FLASHBACK: Contra Costa County Treasurer Bill Pollacek Warned Us About a Financial Quagmire Caused by Pensions (editorial - Contra Costa Times)
• Contra Costa County Supervisors Face Critical Pension Board Appointment (editorial - Contra Costa Times)
• New California First Amendment Case Poses Threat to Public Employee Unions (Peter Scheer / First Amendment Coalition)
• San Jose City Manager’s Budget for 2013-14 Hedges on Pension Reform Lawsuits (Jennifer Wadsworth / San Jose Inside)
• VIDEO: The Bankrupt City of San Bernardino v. Its Police Union (David Nazar / SoCaL Insider with Rick Reiff)
• Residents of Bankrupt San Bernardino, California Launch Recall of City Council (Tim Reid / Reuters)
• San Bernardino Recall Group Attracts 50 at News Conference (Ryan Hagen / San Bernardino Sun)
• Sonoma County's Pension Burden Will Continue to Escalate at Least Through 2017 (editorial - Press Democrat)
• REPORT: 'Government Crowded Out: How Employee Compensation Costs Are Reshaping State and Local Government' (Daniel DiSalvo / Manhattan Institute)
• Rising Arizona Public Safety Pensions Strain Budgets (Craig Harris / The Republic)
• New York City Now Has More Retired Cops Collecting Pensions Than Active Officers Patrolling the Streets (column - Nicole Gelinas / New York Post)
• What's in the Illinois House Pension Reform Bill (Chicago Tribune)
• Constitutional Concerns Cloud Future of Illinois Pension Reform (Karen Pierog / Reuters)
• Illinois Pension Reform: System Gaming Is Rife (Michael Ciric / Chicago Now)
• Long-Ago Pension Rules Benefit Former Washington State Governor Gregoire (Jordan Schrader / Bellingham Herald)
• Montana's Pension Fixes Attract Praise and Criticism (Tom Lotshaw / The Daily Inter Lake)
• Does BNY Mellon Really Believe Hedge Funds Are No Riskier Than Traditional Investments? (Edward Siedle / Forbes)
• Seattle City Pension Investment Mired in Legal Limbo (Drew DeSilver / Seattle Times)
• Oklahoma Pension Plan Changes Are Tabled (Michael McNutt / The Oklahoman)
• Crashing the Cocoon in New Jersey (blog - John Bury / Burypensions)
• Governments Now Doing Less With More Thanks to Increased Cost of Pensions, Says Report (Steve Eide / Public Sector Inc.)
• PODCAST: Abandon Busted Teachers’ Pensions (The Dropout Nation)
• New Federal Rule Signals Kiss of Death for Nongovernment Defined Benefit Pension Plans (Mark Koba / CNBC)
• Obama Thanks Federal Employees as Public Service Recognition Week Begins (Federal Times)
• Voters Don't Like Political Class Bossing Them Around (Scott Rasmussen / Rasmussen Reports)
• Greece to Cut 15,000 Public Employees to Secure Bailout (UPI)
• PENSION PULSE: CPP Expansion Bad News For Canadians?

May 3, 2013

• Mill Valley, California to Lower Pension Benefits for City Workers, Raise Retirement Age (Paul Liberatore / Marin Independent Journal)
• Costa Mesa Pension Oversight Committee Considers a 'Tough Nut' in CalPERS (Bradley Zint / Daily Pilot)
• Manhattan Beach, California Community Meeting on Labor Costs, Pension Reform (Beach Reporter)
• Lookout: California Lifeguards With Six-Figure Pay (Lee Ann O'Neal / UT San Diego)
• The Problem With Madigan’s Pension Plan for Illinois (column - Eden Martin / Chicago Sun-Times)
• New Jersey Disability Pension Reform Is Needed (column - Bob Ingle / Courier-Post)
• PENSION PULSE: Canada's New Central Banker? (blog - Leo Kolivakis)

May 2, 2013

• San Jose Police Union Files Lawsuit Challenging Voter-Approved Measure B Pension Reform (KQED)
• California Pension Liabilities Raise Debt Uncertainty (Alex Gauthier / Independent Voter Network)
• Unsexy Pension Debt in San Mateo County (column - John Horgan / San Mateo County Times)
• Pushing California Pension Reform (editorial - Monterey County Herald)
• California's 'Wall of Debt' Much Higher Than Stated (blog - Steven Greenhut / Public Sector Inc.)
• Los Angeles City Councilmen Would Divest Pension Money From a Potentially Koch-Owned Tribune Co. (blog - Matt Welch / Reason)
• California's Pension System Shouldn't Be Next Government Bailout (op-ed - Assemblywoman Shannon Grove / Bakersfield Californian)
• Assembly Committee Calls Hearing on CalPERS Long-Term Care Insurance (column - Jon Ortiz / Sacamento Bee)
• Los Angeles Mayor's Pick to Run Pension System for Public Safety Employees Drops Out of the Running (David Zahniser / Los Angeles Times)
• Illinois House Speaker Says Pension Overhaul Will Pass Muster With Legislature -- and Court (Ray Long & Rafael Guerrero / Chicago Tribune)
• Illinois House Speaker Pushes Pension Plan; Unions Balk, Senate Vote Uncertain (Dave McKinney & Zach Buchheit / Chicago Sun-Times)
• Tough Vote on Illinois Pensions? Hardly -- Taxpayers Still Would Offer Generous Pensions to Public Employees (editorial - Chicago Tribune)
• Can Illinois Make It Stick This Time? (Elizabeth Pfeuti / aiCIO)
• New Pension Reform Plans Emerge, Compete in Illinois Legislature (Karen Pierog / Reuters)
• Texas House Passes Legislation to Reform State Pension Systems (The Citizen)
• Feeling Betrayed, Montana Retiree Group Asks Governor to Veto Pension Bill (Charles S. Johnson / Independent Record)
• Florida Pension Bill Now Dead for 2013 Legislative Session After Senate Vote (Brandon Larrabee / Jacksonville Daily Record)
• Florida Senate Rejects Pension Changes (Bruce Schreiner / LifeHealthPro)
• Pennsylvania Pension Reform Legislation Begins Circulating (Jason Scott / Lehigh Valley Business)
• GAO Report Shows Day of Fiscal Reckoning Is Near; States Must Take Swift Action (press release - State Budget Solutions)
• Michigan Company Billed $465,774 for Teamsters Pension After Laying Off Its Last Unionized Trucker (Jack Spencer / Michigan Capitol Confidential)
• Retirement Cliff Ahead? (op-ed - Gene Moynihan / The Sand Paper)
• PENSION PULSE: Dog Days For Hedge Funds? (blog - Leo Kolivakis)

May 1, 2013

• California’s State and Local Governments Confront $1 Trillion in Debt (Ed Ring / UnionWatch)
• READ THE STUDY: 'Calculating California’s Total State and Local Government Debt' (California Public Policy Center)
• Report Finds California Governments Could Be $1.1 Trillion in Debt (blog - Jon Ortiz / Sacramento Bee)
• California: A Molehill of Debt, A Mountain of Unfunded Pension Liabilities (vlog - Dan Walters / Sacramento Bee)
• California Cities See Revenue Boost But Budgets Remain Tight and Face Long-Term Challenges From Pensions, Healthcare Costs (Jim Christie / Reuters)
• Gov. Brown Should Put His Muscle Behind His Plan to Make Changes to CalPERS' Governing Board (editorial - Contra Costa Times)
• CalPERS Is Hotel California (blog - Chriss W. Street / Chriss Street and Company)
• Retirement Plan Tweaks Will Save Riverside County $100 Million, But System's Debt Now Above $1.3 Billion (Erica Felci / Desert Sun)
• Pensions Blow Up New York School Tax Cap (E.J. McMahon / Public Sector Inc.)
• Westchester County, New York's Ugly Pension Chart (Steve Malanga / Public Sector Inc.)
• Michigan School Pension Fund Needs Fewer Gimmicks; Legislature Still Putting Off Real Reform (blog - James M. Hohman / Michigan Capitol Confidential)
• Massachusetts' and Illinois' Multi-Billion Dollar Teachers’ Pension Woes (RiShawn Biddle / Dropout Nation)
• Should Any Retired Illinois Teacher Have a Pension of $399,652 Per Year? (column - Bill Zettler / Champion News)
• Providence Pension Deal Cost $972,000 in Legal Fees (with video - Dan McGowan / WPRI-TV)
• Reforming Jacksonville's Pension Plans Likely to Be a Long, Hard Slog (Timothy J. Gibbons / Florida Times-Union)
• EDITORIAL CARTOON: Disgraced Former County Commissioner Pleads Guilty, But Gets to Keep $5000/month Pension (Chan Lowe / South Florida Sun-Sentinel)
• Whitney Warns About 'Negative Feedback Loop From Hell' in Muni Market (Jeff Benjamin / Investment News)
• Retirement Plan Advisers Stung by PBS 'Frontline' Hatchet Job on 401(k)s (Darla Mercado / Investment News)
• PENSION PULSE: The CAAT and OPTrust Edge? (blog - Leo Kolivakis)

April 30, 2013

• New California Taxes Pay for Pensions, Not Schools (David Crane / Bloomberg)
• As We Predicted, California Teacher Pensions Are Eating Up Prop. 30 Education Funds (John Seiler / CalWatchdog)
• Sacramento City Manager Says Pension Costs Are Causing Budget Shortfall (Bob Moffitt / Capital Public Radio)
• CalPERS' Portfolio Grows to Record $261.7 Billion, But It Still Is Not Fully Funded (California Healthline)
• CalPERS Pushes California Away From Cheap, Clean Hydropower (Wayne Lusvardi / CalWatchdog)
• New CalPERS Letters Detail Long-Term Care Rate Hikes, Options (blog - Jon Ortiz / Sacramento Bee)
• California Has Options for Securing Retiree Health Benefits (op-ed - Adam Tatum and Andrew Crutchfield / Sacramento Bee)
• Rhode Island State Pension Fund Admits History of 'Pay-To-Play' and SEC Inquiry (Edward Siedle / Forbes)
• Florida Cities Struggle With Rising Cost of Police, Firefighter Pensions (Martin E. Comas / Orlando Sentinel)
• Benefit Increases Continue to Be a Leading Factor in Lane County, Oregon’s Structural Deficit (Christian Wihtol / Register-Guard)
• Moving Ahead With 'Pension Progress' (blog - Mike Shedlock / Mish's Economic Trends)
• Bankrupt Patriot Coal Asks Court to Slash Union Pensions (Nick Brown / Reuters)
• PENSION PULSE: Caisse's 2012 Annual Report (blog - Leo Kolivakis)

April 29, 2013

• CalPERS’ Shift Will Cost California Cities Dearly (editorial - UT San Diego)
• Pension Pain Rolls Downhill to California's Cities, Counties and School Districts (editorial - Victorville Daily Press)
• California Legislature Ignoring Teacher Pension Fund Gap (column - Dan Walters / Sacramento Bee)
• CalPERS Clears $97 Billion in Investment Losses, Aims for Full Funding (Dale Kasler / Sacramento Bee)
• Primacy of Pensions in Municipal Bankruptcy May Be Issue for US Court in July (Jim Christie / Reuters)
• Hold Cities Accountable on Public Pension Costs (editorial - UT San Diego)
• Prefunding California State Retirees' Health Care: Is This the Year? (blog - Ed Mendel / Calpensions)
• Why Does California's State Government Need So Many Double-Dippers? (editorial - Sacramento Bee)
• Are Some Caltrans Employees 'Moonlighting' on State Time? (video - David Goldstein / CBS2 Los Angeles)
• San Jose, Officers Settle Dispute Over New Police Officer Pensions (John Woolfolk / Mercury News)
• Public Pension Funds' Chase for Yield Continues (Steve Eide / Public Sector Inc.)
• Riverside County Pension Costs Rise $22 Million (David Downey / UT San Diego)
• Riverside County's Public Employee Pensions Are Well-Funded, Report Says (Jeff Horseman / Press-Enterprise)
• California Cities Simply Trying to Ensure Pension Changes Were Right (op-ed - Chris McKenzie / Mercury News)
• Slowing Rush to Invest in Clean Tech Could Hurt Major Sacramento Area Industry (Dale Kasler / Sacramento Bee)
• Kentucky Pension Reforms May Be Costly (Mike Wynn / Cincinnati Enquirer)
• Illinois' Education Funding Is Being Strangled by Pension Obligations (editorial - Chicago Tribune)
• A Wide and Deep Gulf in Illinois' Public Pension Debate (editorial - Daily Herald)
• Massachusetts House Moves to Make MBTA’s Pension Fund Info Public (Erin Smith / Boston Herald)
• The Massachusetts Bay Transportation Authority: Public Workers, Secret Pensions (Charles Chieppo / Governing)
• Unanimous House Vote to Make Public the Massachusetts Bay Transportation Authority’s Secret Pension Fund Is Welcome (editorial - Worcester Telegram)
• Pennsylvania's Pension Crisis Is About to Hit Homeowners and Taxpayers Hard (op-ed - Priya Abraham / Philadelphia Inquirer)
• Rhode Island Governor Chafee's Pension Jujitsu (Allysia Finley / Wall Street Journal) $$
• 'Disabled' New Jersey Cop Rumbles on Reality TV While Collecting a $70,000 Pension (Mark Lagerkvist / New Jersey Watchdog)
• Texas House Passes Public Pension Reform Legislation (Zach Haverkamp / The Rancher)
• Some Take Issue With Call for Increased Reporting on Public Pension Funds (Aaron Richardson / Daily Progress)
• Could This Be the Year for Federal Pension Reform? (Kellie Lunney / Government Exective)
• Loans Borrowed Against Pensions Squeeze Retirees (Jessica Silver-Greenberg / New York Times)
• Most Gen Xers Own 401(k) Plans, MetLife Finds (PlanSponsor)
• US Corporate Pension Crisis a Huge Obstacle for the Economy (Sasha Cekerevac / Investment Contrarians)
• Spain Ups Taxes, Punts on Pension Reform. Will Europe Be Satisfied? (Andrés Cala / Christian Science Monitor)
• PENSION PULSE: Squeezing Retirees Into Pension Poverty? (blog - Leo Kolivakis)

April 26, 2013

• Pushing New Jersey's Public Employees to Retire (blog - John Bury / Burypensions)
• San Jose City Council Finds It Can't Afford to Quit CalPERS (Tim Reid / Reuters)
• Another Signpost on the Road to California's Ruin (editorial - Daily Press)
• Stockton, Creditors Say Debt Talks Will Be Restarted (Steven Church / Bloomberg)
• CalPERS Tops $260 Billion in Assets as It Recoups $95 Billion Loss, But Is Still Underfunded by $87 Billion (Michael B. Marois / Bloomberg)
• Let's Be Bold but Prudent in Making Changes to CalPERS (op-ed - Chris McKenzie / Mercury News)
• Without Reform, Los Angeles’ Skeptical and Lied-To Voters Will Not Approve Any New Taxes (Jack Humphreville / CityWatch LA)
• Is Your 10-Year Target for the Dow 50,000? This Is the Assumption of Many State and Local Gov't Pension Plans (Steven Malanga / Real Clear Markets)
• REPORT: The Illinois Pension Funding Guarantee: An Irresponsible Plan (Diane Cohen / Illinois Policy Institute)
• New Measure of US Economy Will Include Focus on Government Pensions (Kevin G. Hall / Sacramento Bee)
• 'Everything Must Be on the Table': A Q&A With Richard Ravitch About Fiscal Distress (Stephen Eide / Public Sector Inc.)
• Feds Eye State, Local Public Pension Transparency Reform (Liz Farmer / Governing)
• Q&A: Josh Gotbaum of the PBGC on Bankruptcy, Saving Pensions and Singing (Billy Cheung and Tom Hals / Reuters)
• Lump-Sum Buyouts Gain Traction Among US Corporate Defined Benefit Pension Plans (Sara Kelly / PlanSponsor)
• PENSION PULSE: Teachers Put Hedge Funds in Detention? (blog - Leo Kolivakis)

April 25, 2013

• Move by CalPERS Gives Governor Leverage in Union Contract Talks (column - Jon Ortiz / Sacramento Bee)
• San Jose Voted for Public Arbitration, So Residents Should Show Up (editorial - Mercury News)
• Illinois Facing Complete Elimination of All Sports Because of State Gridlock Over Pensions (blog - Cameron Smith / Prep Rally)
• California Needs to Address Rising Retirement Healthcare Costs (column - Lucas Eaves / Independent Voter Network)
• REPORT: 'Paving a Way Out: Options for Managing California’s Rising Retirement Healthcare Costs' (California Common Sense)
• No Healthcare Coverage Changes for California's Public Employees (Daily Democrat)
• Calculating CalPERS: This Stuff Ain't for Sissies (column - the Canary / Santa Maria Sun)
• What if Every Worker Made What City of Irvine Workers Make in Pay and Retirement Benefits? (Ed Ring / UnionWatch)
• What’s Another Billion or Two to Angelenos! (Jack Humphreville / CityWatch LA)
• Educating Gina: Rhode Island’s State Treasurer Could Learn More About Pensions (column - Edward Siedle / Forbes)
• Pension Geek Ready for Questions on Springfield, Missouri's Police-Fire Pension (Amos Bridges / News-Leader)
• Pennsylvania Aims to Stabilize Pension Outlook for Municipalities (Karen Shuey / Lancaster New Era)
• Two Advances for Public Pension Transparency (Josh Barro / Bloomberg)
• Actuaries Look to Elevate Importance of Disclosure as Public Employee Pension Transparency Act Is Introduced (pdf - American Academy of Actuaries)
• Obama Wants to Make Sure You Don’t Retire Rich (Caroline Baum / Bloomberg)
• European Union Pension Proposals Alarm Local Retirement Plans (Steve Johnson / Financial Times)
• PENSION PULSE: How Australia Fixed a Retirement Crisis? (blog - Leo Kolivakis)

April 24, 2013

• The 'Blanket' Over California Retired Annuitants' Double Dipping (blog - Jon Ortiz / Sacramento Bee)
• Public Employee Unions in Los Angeles Have to Shoulder More of Pension and Healthcare Burden (column - Steve Lopez / Los Angeles Times)
• Los Angeles Times Columnist Steve Lopez Says Pension Crisis Is Real — But Not Unions' Fault. Huh? (blog - Chris Reed / CalWatchdog)
• CalPERS Rate Hikes Show Pension Funding Challenge (editorial - Press Democrat)
• Burbank Officials Call CalPERS Plan 'A Good Thing' (Alene Tchekmedyian / Burbank Leader)
• Ravitch: 'Troublesome to Think There's a Moral Distinction' Between Bonds and Pensions (Nicole Gelinas / Public Sector Inc.)
• WHITE PAPER: 'Placement Agents in Public Pensions – Corruption in Investments Linked to Insolvency' (Christopher B. Tobe / Stable Value Consultants)
• Pension Funding and Moody's New Rating Standard (Rick Dreyfuss / Public Sector Inc.)
• American Federation of Teachers Names Money Managers Seen as Opposing Defined Benefit Plans (Hazel Bradford / Pensions & Investments)
• Illinois Pension Reform Remains Elusive, But Necessary (Eric Lutz / Morris Daily Herald)
• A Chance for a Broad Conversation on Illinois Pensions (editorial - Daily Herald)
• Oregon Lawmakers Have Strong Ties to State Pension Fund (Jonathan J. Cooper / Businessweek)
• Oregon Leaders, We're Counting on You to Fix PERS This Year (op-ed - Gene Derfler / Oregonian)
• Funding Status of 100 Largest US Corporate Pensions Fell for Second Consecutive Year, Study Finds (Tristan Lejeune / Employee Benefit News)
• PENSION PULSE: Caisse Betting on Multi-Family Real Estate? (blog - Leo Kolivakis)

April 23, 2013

• Bankrupt San Bernardino Votes to Pay CalPERS, Not Bondholders (Tim Reid / Reuters)
• Can a Pension Reformer Become Governor in Rhode Island? (Ted Nesi / Bloomberg)
• The Problem With Fake or Partial Pension Reforms Like Calfornia's: The Crisis Never Goes Away (Ted Dabrowski / Illinois Policy Institute)
• Public Employee Perks Pose Risk to All of Us (Steven Greenhut / Fox & Hounds)
• A Butterfly Flaps Its Wings in California? Tiny Canyon Lake (pop. 11K) Notifies CalPERS It Wants Out (Market Current / Seeking Alpha)
• Underfunded/Overgenerous Public Pension Update: California City Abandons Sinking Pension Fund (Instapundit)
• CalPERS Changes Are Prudent But Will Pressure State and Local Governments (press release - Fitch Ratings)
• The Benefits Leviathan Devouring New York City's Budget (Steve Malanga / Public Sector Inc.)
• Pension Double Dippers on Decline in New York State Government (Joseph Spector and Sean Lahman / WGRZ-TV)
• SEARCHABLE DATABASE: New York State's Pension Double Dippers (Democrat and Chronicle)
• Opposition Growing to Illinois Pension Reform, Says Poll (blog - Greg Hinz / Chicago Business)
• Judge Gets Another Update on Mediation in Rhode Island Pension Lawsuit (blog - Ted Nesi / WPRI-TV)
• Calculating What’s Expedient – Politically (blog - John Bury / Calpensions)
• TV Station Investigation Leads to Proposed Ban on Pension Double Dipping in Memphis (with video - Candace McCowan / WREG-TV)
• State and Local Governments Should Disclose Debt Guaranties, Says GASB (Reuters)
• S&P Sees Pension Funding Burden on US Nonprofit Hospitals (Lisa Lambert and Caryn Trokie / Reuters)
• Sorry About Your Pension: Scotch? Cheese? Or Golf? (column - Steve Denning / Forbes)
• Pension Information Session Draws Hundreds in Moncton, New Brunswick; 'Something Needs to Change,' Says Finance Minister (Laura Brown / Global News)
• Czech State Pension Likely to Decrease, Reform Was Necessary (Prague Daily Monitor)
• PENSION PULSE: Leo de Bever on Imagining a Better Future (blog - Leo Kolivakis)

April 22, 2013

• California's Unfunded Pension Promises Are Coming Home to Roost (editorial - Long Beach Press-Telegram)
• The Pension Bill Has Come Due for California Taxpayers (column - Jon Coupal / Howard Jarvis Taxpayers Association)
• How Much Can Pensions Squeeze Other California Cities' Programs? (blog - Ed Mendel / Calpensions)
• California Cities' Pension Hypocrisy Reaches Absurd Level (column - Daniel Borenstein / Contra Costa Times)
• Unfunded Liability for California Government Retiree Healthcare Is Staggering (Autumn Carter / FlashReport)
• Pension Fee Hikes Seen Positive for California Governments by Moody's and Fitch (Michael Connor / Reuters)
• California Attorney General Clears Way for San Jose Police Union's Pension Suit (John Woolfolk / Mercury News)
• Pension Liability Clouds County of Marin's Bright Fiscal Portrait (Nels Johnson / Marin Independent Journal)
• CalPERS Pension Cost Increase Threatens Glendale, California's Budget (Brittany Levine / Glendale News-Press)
• Huntington Beach, California May See Higher Pension Costs (Anthony Clark Carpio / Huntington Beach Independent)
• Stockton Retirees Worry Pension Cuts Will Follow Healthcare Losses (Alison Vekshin / Businessweek)
• CalPERS Says It Will Cost $5.7 Million to End San Jose Council Pensions (John Woolfolk / Mercury News)
• Firing of San Diego County Pension Fund Exec Has Cost Over $200K (Jeff McDonald / UT San Diego)
• Many Retired California State Executives Still 'Double-Dipping' in High-Pay State Jobs (Jon Ortiz / Sacramento Bee)
• Even After Proposed Pension Fix, Illinois Still Would Be Broke (column - Eden Martin / Chicago Sun-Times)
• Montana Pension Fixes Advance Despite GOP Concern Over Increased Local Costs (Matt Gouras / The Republic)
• Public Employee Unions: How Strong Is Their Influence? (blog - Cate Long / Reuters)
• PENSION PULSE: New Brunswick's Pensioners Declare War? (blog - Leo Kolivakis)

April 19, 2013

• CalPERS Board: The Embodiment of Chutzpah (Steve Malanga / Public Sector Inc.)
• California City of Canyon Lake Abandons Sinking Pension Fund CalPERS (blog - Walter Russell Mead / The American Interest)
• Ring the Bell for Manhattan Real Estate: CalPERS Buys at the Top Again (blog - Michael Krieger / Liberty Blitzkrieg)
• READ: Moody's 'Adjustments to US State and Local Government Reported Pension Data' (pdf)
• Stockton: Sharing the Burdens of a Broken City (Mark Funkhouser / Governing)
• Reuters Muni Bond Columnist Cate Long Talks About Stockton, California’s Bankruptcy (audio - Kristina Ribali / FreedomCast)
• In Congress, a Bill Seeks to Tie Municipal Borrowing Power to Public Pension Disclosure (Mary Williams Walsh / New York Times)
• Congress Returns to Public Pension Battle; New Bill Introduced by California Rep. Nunes (Lisa Lambert / Reuters)
• Illinois' Pension Liability More Than Doubles Under Moody's New Accounting Rules (Ted Dabrowski / Illinois Policy Institute)
• Senators Seek Changes in Washington State's Pension, Medical Costs (Mike Baker / Seattle Times)
• Oregon Pension Fund's Troubles Are Obvious to Nation's Economists (op-ed - John Tapogna and Ed Whitelaw / Oregonian)
• Pension Reform Bills Advance Out of Montana Senate Committee (Charles S. Johnson / Helena Independent Record)
• As Florida Pension Bill Stalls, Concerns of Blowback Grow (blog - Michael Van Sickler / Miami Herald)
• Big Pension Reform Vote Tuesday by Ocala, Florida Council; City Employees Wary (Susan Latham Carr / Star-Banner)
• Randi Weingarten's Pension Veto: Teachers Union Chief Tries to Blackball Hedge Funds That Support School Reform (editorial - Wall Street Journal)
• Teamsters' Pension Crisis Sapping Hoffa’s Support, Power (Patrick Howley / Daily Caller)
• Freedom 75? Quebec’s Pension Plans Are Falling Far Short (CTV Montreal )
• Quebec's Pension Structure Must Be Changed, Not Fixed, Says Committee Chair (Kevin Dougherty / Montreal Gazette)
• Acting Now on Ireland's Pensions Will Help to Avoid a Crisis (editorial - Independent)
• PENSION PULSE: China's State Funds Set to Grow? (blog - Leo Kolivakis)

April 18, 2013

• Moody's Announces New Approach to Analyzing State, Local Government Pensions; 29 Local Governments Placed Under Review (press release - Moody's)
• California City of Canyon Lake Tells CalPERS It Will Quit Pension Fund (Tim Reid / Reuters)
• CalPERS City Member Quits Fund (Marc Castro / International Venture Capital Post)
• CalPERS Board Endorses Employer Rate Hikes of Up to 50 Percent (Jim Christie / Reuters)
• More on CalPERS' Pension Fund Risk Report and That 80% Funding Rule of Thumb (blog - Jon Ortiz / Sacramento Bee)
• CalPERS Approves Rate Changes That Will Increase Cities' Costs (with audio - Amy Quinton / Capital Public Radio)
• CalPERS Changes to Squeeze Finances in Many California Cities (Ryan Hagen and Eric Bradley / San Bernardino Sun)
• Will Redding Pay 61 Cents Per Salary Dollar to CalPERS for Police Pensions? (blog - Bruce Ross / Redding Record Searchlight)
• Los Angeles Neighborhood Councils Urge Pension Reform (Rick Orlov / Daily News)
• EDITORIAL CARTOON: The New California Dream (Tom Meyer - San Francisco Chronicle)
• Public Pension Gaps Prompt Moody's to Review 29 Local Governments (Lisa Lambert / Reuters)
• Moody's New Look at Pension Debt Puts Chicago's Credit Rating Under Pressure (Paul Merrion / Chicago Business)
• Illinois $1.6 Billion Behind on Payments for State Employee Health Insurance (Chris Slaby / WUIS Radio)
• Pennsylvania School Boards Association Says Governor's Changes to Pension Benefits Legally Possible (Mary Niederberger / Pittsburgh Post-Gazette)
• New Jersey: The Sweetest Deal You’ll Ever Steal (blog - John Bury / Burypensions)
• St. Louis Firemen's Retirement System Rejects Demand to Cut Its Employee Benefits (Nicholas J.C. Pistor / St. Louis Post-Dispatch)
• Society of Actuaries Forms Blue Ribbon Panel to Explore Causes of Underfunding in Public Pension Plans (press release - SOA)
• IMF Says US Public Pension Funds Are Increasing Risk to Dangerous Levels in Search of Yield (Kevin Olsen / Pensions & Investments)
• Cheddar Cheese Stocks Boost Irish Firm's Pension Fund (Independent)
• PENSION PULSE: IMF Warns of Pension Fund Risk? (blog - Leo Kolivakis)

April 17, 2013

• Philadelphia, 5th Largest US City, Is Effectively Bankrupt; Mayor Meets With Wall St. to Discuss Asset Sales (blog - Mike Shedlock / Mish's Trends)
• CalPERS Board OKs Accounting Changes That Will Hike Pension Costs 50% for State and Local Governments (Jon Ortiz / Sacramento Bee)
• CalPERS to Ask Taxpayers to Pay More to Cover State Workers' Pensions (Mark Anderson / Sacramento Business Journal)
• Raising the Pension Pain: Giant Fund CalPERS Set to Seek More From Government Employers (editorial - Orange County Register)
• CalPERS Should Use Accounting Methods That Don’t Hide Pension Costs (editorial - Press-Enterprise)
• What About CalPERS' Impact on Taxpayers? (letter - Sacramento Bee)
• CalPERS Opposes Gun Manufacturer-Divestment Bill (bog - Jon Ortiz / Sacramento Bee)
• Grand Jury Dings San Mateo County for Failing to Rein in Soaring Pension Costs; Shortfall Could Be $2 Billion (Bonnie Eslinger / Palo Alto Daily News)
• READ THE SAN MATEO COUNTY GRAND JURY REPORT: 'SamCERA's Unfunded Liability: The Elephant in the Room' (pdf)
• Adjustable Pension Plans Offer Solution to Challenges Faced by Traditional Defined Benefit Plans (editorial - Union Watch)
• Is There a 'Blue Civil War' in Our Future Over Public Pensions? (Paul Kersey / Public Sector Inc.)
• Root Out Washington State's Pension Scammers and Make Them Reimburse System (editorial - Tri-City Herald)
• Illinois' Teachers Shouldn’t Retire With Income Above the Rest of Us (letter - Daily Herald)
• Rhode Island Pensioners' 3% COLA Will Pay Wall Street's 4%+ Fees (Edward Siedle / Forbes)
• US Public Pension Funds and Life Insurers Building Up Potentially Dangerous Debt Levels, Says IMF (Ian Talley / Wall Street Journal) $$
• Retirement Failures Will Be Costly, Fidelity President Warns (Eric Schulzke / Deseret News)
• A Defined Contribution Promise Is a More Solid Promise, Says President of Canada's Howe Institute (video - Benefits Canada)
• PENSION PULSE: Facade of Strength? (blog - Leo Kolivakis)

April 16, 2013

• CalPERS May Ask Municipal Taxpayers for 50% Boost to Close Pension Funding Gap (Michael B. Marois / Businessweek)
• Unfunded Liability of Los Angeles' Two Pension Plans Has Ballooned $7 Billion Over Past 7 Years (Jack Humphreville / CityWatch LA)
• Marin County Supervisor Scuttles Countywide Pension Liability Analysis ( Nels Johnson / Marin Independent Journal)
• A Start on California Pension Reform (editorial - Monterey County Herald)
• Ruling on Pacific Grove, California's Public Pension Lawsuit Expected in May (Andy Stiny / Monterey County Herald)
• 'Emergency Czar' to Look at Detroit's Public Employee Pension Problems (Christine Williamson / Pensions & Investments)
• Major Reforms Needed to Repair Kentucky's Broken Pension System (op-ed - Logan Morford / Lexington Herald-Leader)
• Union Expected to Fight Move to Make MBTA’s Secretive Pension System a Matter of Public Record (Erin Smith / Boston Herald)
• The Disability Scam: A Great Government Freebie (Liz Peek / The Fiscal Times)
• How Congress Is Putting Corporate Pension Plans at Serious Risk (Josh Boak / The Financial Times)
• Report on Quebec’s Ailing Pension System Will Be Presented This Week (Kevin Dougherty / Montreal Gazette)
• PENSION PULSE: The Great Pension Derisking? (blog - Leo Kolivakis)
• Union-Backed Pension Law Revision Would Allow Reduction of Retirees' Benefits to Shore Up Plans Headed for Insolvency (Kris Maher / MarketWatch)

April 15, 2013

• Public Pensions in Bankruptcy Court (editorial - New York Times)
• CalPERS Board Must Restore Fiscal Responsibility (op-ed - Dan Pellissier / Mercury News)
• Day of Reckoning Is Coming for CalPERS Board (editorial - Sacramento Bee)
• CalPERS’s Dangerous Rose-Tinted Investment Glasses (blog - Walter Russell Mead / The American Interest)
• CalPERS Rates -- The Increases Are Just Getting Started (blog - Bruce Ross / Redding Record Searchlight)
• CalSTRS Benefit Hikes Are a Big Part of California's Pension Debt (blog - Ed Mendel / Calpensions)
• READ THE REPORT: 'Defined Benefit Program Actuarial Valuation as of June 30, 2012' (pdf - California State Teachers Retirement System)
• Last Fall's Reform Bill Didn't Solve California's Pension Problems (editorial - Contra Costa Times)
• Making California Pension Funds' Real Estate Deals Secret Only Compounds Mistake (column - Dan Walters / Sacramento Bee)
• Pension Analyst Predicts Devastating Financial Impacts Ahead for Six Northern California Counties (Marin Citizens for Sustainable Pensions)
• States Move Along Different Roads to Tackle Underfunding Dilemma (Melanie Zanona / Pensions & Investments)
• California's Public Pension Plans to Share in the Pain of Bankruptcy (blog - Chriss W. Street / Chriss Street and Company)
• CalPERS Cracking Down on Who Gets Health Care (Katie Orr / Capital Public Radio)
• CalSTRS to Sell $3 Million in Firearm Stocks (Sacramento Bee)
• Pension and Health Benefits Push Average City of Irvine Wages to Over $143,000 Per Year, Study Finds (CBS Los Angeles)
• Judge Says San Jose Owes Retired Librarian $28,000 for Unused Sick Leave (John Woolfolk / Mercury News)
• Marin County Should Expand Posting of Budget Details (editorial - Marin Independent Journal)
• Natomas Schools Flagged by CalSTRS for Pay Bumps Before Retirement (Diana Lambert and Phillip Reese / Sacramento Bee)
• California Legislative Staffers Lavished With Gifts (Christopher Cadelago / UT San Diego)
• San Diego County Public Pension Guru Wins $550,000 Bonus (Jeff McDonald / UT San Diego)
• Encinitas, California's Unfunded Pension Liability Pegged at $39 Million (Jared Whitlock / Coast News)
• The San Diego City Attorney's Big Gamble on Pensions Heads Toward a Climax (Liam Dillon / Voice of San Diego)
• Santa Ana Police Exec Gets Large Retirement Payout (video - Norberto Santana / Voice of OC)
• Today's Era of Easy Money Is Affecting Everything From Businesses to Pension Funds (blog - Walter Russell Mead / The American Interest)
• New York Times Admits Union Pensions Aren’t Sacred (blog - Walter Russell Mead / The American Interest)
• Protect Pennsylvanians From the Pension Tsunami (editorial - Commonwealth Foundation)
• Judge Approves Providence Pension Deal (Dan McGowan / WPRI-TV)
• Analysis: Providence Mayor Cut Pension Deal in a Bid to Avoid Bankruptcy (blog - Ted Nesi / WPRI-TV)
• Providence Gets 30% Bonus Curbing $109,000 Retirees: Muni Credit (Annie Linskey & Brian Chappatta / Bloomberg)
• Illinois High Court Might Not Hear State Retirees' Health Premium Case Until Fall (The Pantagraph)
• Illinois Pension Reform: On the Road to Nowhere (editorial - Chicago Tribune)
• Illinois' State Employee Contract Terms Should Be Public (op-ed - Paul Kersey / State Journal-Register)
• Illinois Pension Plans in Time of Crisis (op-ed - Laurie Reynolds / Chicago Sun-Times)
• Do We Fight Over Illinois' Public Pensions? Or Find Solutions? (editorial - Daily Herald)
• Maryland Bill Would Change Pension Funding Method (Rebecca Moore / PlanSponsor)
• New Jersey’s '$100,000 Pension Club' Grows 50% in Two Years (Mark Lagerkvist / New Jersey Watchdog)
• New Jersey Public Employee Salaries: Hundreds Boost Pay Through Multiple Jobs (Jean Mikle / Asbury Park Press)
• 8.8 Million US Workers Now Collect Disability Benefits; Sixfold Jump Since 1970 Cost the Gov't $135 Billion Last Year (Aimee Picchi / MSN Money)
• Abuse of Disability Program Is Rampant (op-ed - Stephen J. Butler / Mercury News)
• Disability Model Isn’t Working (John Hood / Carolina Journal)
• Union-Employer Proposal Would Hit Some Retirees (Kris Maher / Wall Street Journal) $$
• PENSION PULSE: From Luxury Pensions to Marx's Revenge? (blog - Leo Kolivakis)

April 13, 2013

• All Eyes on the Main Event in Stockton Bankruptcy (Dan Pellissier / FlashReport)
• Marin County Supervisors Want to Keep Taxpayers in the Dark on Pension Liability (op-ed - David Brown / Marin Independent Journal)

April 12, 2013

• Bankrupt Stockton, California to Resume Paying Pension Fund, But Not Bondholders (Tim Reid / Reuters)
• San Jose's Wellness Incentive for Public Employees (Allysia Finley / Wall Street Journal) $$
• Public Hearing in Chico on Proposed Water Rate Hike May Look at Pensions, Health Costs (Ashley Gebb / Chico Enterprise-Record)
• CalSTRS Drawn Into Virginia Housing Fight (Dale Kasler / Sacramento Bee)
• CalPERS Rate Increase Could Cost Menlo Park $3 Million (letter - The Almanac)
• About Those Aggressive Pension Fund Assumptions for Future Returns (Steve Malanga / Public Sector Inc.)
• Foundation Report Shows How Various Pension Reform Measures Have Fared in 22 Different State Courts (Eric Giunta / Sunshine State News)
• READ THE REPORT: Pension Litigation Summary (pdf - Arnold Foundation)
• Under 50 and Grabbing State Pensions in Massachusetts (Erin Smith 
& Chris Cassidy / Boston Herald)
• SEARCHABLE DATABASE: Massachusetts State Pensions (Boston Herald)
• Evanston, Illinois Town Meeting Focuses on Pension Reform (Bob Seidenberg / Evanston Review)
• Reform Pennsylvania's Pensions Now (editorial - Tribune-Review)
• The White House Pulls a Switcheroo on Retirement Savings Accounts (editorial - Wall Street Journal) $$
• PENSION PULSE: The Pension Rate-of-Return Fantasy? (blog - Leo Kolivakis)

April 11, 2013

• Blame All Around in Stockton Bankruptcy (op-ed - Nicole Gelinas / Los Angeles Times)
• Ex-CalPERS Exec Pleads Not Guilty to $3 Billion Pay-To-Play Scheme (Stewart Bishop / Law360) $$
• How Orange County's Pension Board Discussions Are Scaring City Leaders (David Washburn / Voice of OC)
• City of Canyon Lake Hoping to Exit CalPERS (Jeff Sanders / UT San Diego)
• CalPERS in the Crosshairs of Stockton Bankruptcy Dispute (Mike Shedlock / UnionWatch)
• The Stockton Bankruptcy Court Ruling: Judicial Activism or Restraint? (Steve Eide / Public Sector Inc.)
• Jay Leno on the Bankruptcy of Stockton, California (John Seiler / CalWatchdog)
• Retirement? Don’t Count on It -- Especially if You're a Public Employee (blog - Michael Becker / Wizbang)
• Public Pension Fantasy Land (op-ed - Scott Beaulier / Birmingham News)
• Illinois Lawmakers Eye $2.5 Billion Bond Deal to Pay Bills (Reuters)
• The Cost of Bad Behavior: Illinois’ Penalty Borrowing Rate (Ted Dabrowski / Illinois Policy Institute)
• New Jersey’s Retirement System Should Be Disqualified (blog - John Bury / Burypensions)
• Multiemployer Unit of PBGC in Need of 'Comprehensive' Reform, Says GAO Report (Sarah Krouse / Financial News)
• PENSION PULSE: U.S. Pension Lifeboat Sinking? (blog - Leo Kolivakis)

April 10, 2013

• The Pension Rate-Of-Return Fantasy Is Going to Cost Taxpayers Billions (op-ed - Andy Kessler / Wall Street Journal)
• Should California Let Stockton Go Bankrupt? (Stephen Eide / Real Clear Policy)
• After Stockton, Economist Sees More Pain in California and Beyond (Gil Weinrich / LifeHealthPro)
• San Bernardino Says It Hopes to Resume Paying CalPERS (Tim Reid / Reuters)
• Cutting Pork Could Close CalSTRS' Funding Gap (Wayne Lusvardi / CalWatchdog)
• San Jose and Other California Cities Find It Easier to Cut Retiree Health Perks Than Pensions (John Woolfolk / Mercury News)
• California's Public Sector Compensation: The Facts Speak for Themselves (editorial - UnionWatch)
• Compensation Analysis for the City of Irvine 2012 (California Public Policy Center)
• Analysis: Illinois Pension Fix Faces Political, Legal Hurdles (Karen Pierog / Reuters)
• Blue Civil War: Chicago Mayor Rahm Emanuel Takes on Pension Lie (blog - Walter Russell Mead / The American Interest)
• Can They Do That to Public Employees? (blog - John Bury / Burypensions)
• Obama's Social Security Ponzi Scheme (video - James Freeman / Wall Street Journal)
• PENSION PULSE: Public Pensions Risks Vary Widely? (blog - Leo Kolivakis)

April 9, 2013

• Stockton Bankruptcy Explores Whether Pension Promises Can Be Broken (column - Daniel Borenstein / Contra Costa Times)
• Stockton, California: A Bankruptcy, and Now a Pension Test (blog - Stephen J. Lubben / New York Times)
• Federal Judge Green-Lights Stockton Bankruptcy (blog - Michael Brooks / Seeking Alpha)
• Pension Battle Looms Over Stockton, California Bankruptcy (Brian Koenig / New American)
• Stockton's Ch. 9 Plan a Test Case for Coping With CalPERS (Maria Chutchian / Law360) $$
• Muni Bond Trader Ronald Bernardi Discusses the Stockton Bankrupcty (column - Jeff Benjamin / Investment News)
• Beware of Easy Municipal Bankruptcies (column - Tom Elias / Redding Record Searchlight)
• Stockton’s Trend-Setting Bankruptcy (Kevin Klowden / Fox & Hounds)
• Bankrupt San Bernardino, Creditors to Meet in 'Painfully Slow' Case (Tim Reid / Reuters)
• Analysts: Public Pension Funds Will Need Billions Soon (Orange County Register) $$
• California Pension Reform Falls Short (editorial - Vacaville Reporter)
• Let's Put Marin County's Unfunded Pension Liabilities on Our Property Tax Bills (op-ed - Jody Morales / Marin Independent Journal)
• Time to Change Pensions of San Diego's City Leaders, Too (editorial - UT San Diego)
• Rejection of Prop. A by Los Angeles Voters Is Just the Beginning of the Discussion About Budget and Pension Reform (Jack Humphreville / CityWatch LA)
• Union-Backed Bills Target California Managers' Pay, Special Retirement Fund (blog - Jon Ortiz / Sacramento Bee)
• Analysis: Illinois Pension Reform Faces Political, Legal Hurdles (Karen Pierog / Reuters)
• Chicago Mayor's Pension Conundrum (editorial - Wall Street Journal ) $$
• State Budgets Are in Disarray (op-ed - Don Brunell / Kitsap Peninsula Buusiness Journal)
• Late Pay Raises Spike Pension Benefits in Washington State (Mike Baker / Wenatchee World)
• Pension Reform Success Stories (Liz Farmer / Governing Magazine)
• Corporate Pension Underfunding Grows Despite US Market Rally, Study Finds (David Randall / Reuters)
• PENSION PULSE: Corporate America's Pension Time Bomb? (blog - Leo Kolivakis)

April 8, 2013

• California Pension Reform Fell Far Short (editorial - Mercury News)
• California Wades in Pension Debt (editorial - Monterey County Herald)
• Stockton Bankruptcy: Roll Back Pension 'Spiking'? (blog - Ed Mendel / Calpensions)
• Read the Stockton Bankruptcy Hearing Transcript (blog - Jon Ortiz / Sacramento Bee)
• Stockton Bankruptcy Case Defers Decision on Pensions (Alan Greenblatt / NPR)
• Stockton Bankruptcy OK Would Apply to San Bernardino as Well (editorial - Inland Valley Daily Bulletin)
• Stockton Bankruptcy Just the Beginning of California's Woes (Conn Carroll / Washington Examiner)
• EDITORIAL CARTOON: Stockton's Bondholders Left Holding the Bag (Lisa Benson)
• Muni Bankruptcies Set Up War Between Pensioners and Bondholders (column - Daniel Fisher / Forbes)
• Stockton Needs 'Realism' on Public Employee Pensions, Says Bankruptcy Attorney Spiotto (video - Market Makers / Bloomberg Television)
• CalSTRS Starts to Get Tougher on Spiking (editorial - Sacramento Bee)
• As California Cities Lay Off Police, Frustrated Neighborhoods Turn to Private Cops (Chris Stein / Christian Science Monitor)
• No Room on Tax Bill for Pension Funding Data, Marin County Reform Group Is Told (Nels Johnson / Marin Independent Journal)
• To Public Employee Unions, California Is Now the Model for America (Steven Greenhut / UnionWatch)
• San Diego Elected Officials Get Break on Pension Costs (Craig Gustafson / UT San Diego)
• Pushing for a Peek at Pensions' Secrets in Utah, California, Texas (Michael Corkery / Wall Street Journal)
• ONLINE DEBATE, DAY 4: Are Public Pension Systems on the Road to Recovery? (Keith Brainard and Jason Richwine / Public Sector Inc.)
• Rhode Island State Treasurer Raimondo Fires Back After Forbes Contributor Attacks Her (blog - Ted Nesi / WPRI-TV)
• Rhode Island's Scary State Treasurer (Edward Siedle / Forbes)
• Illinois Public Employees and Retirees Object to Pension Cuts (Bill Smith / Evanston Now)
• Roots of Illinois' Biggest Pension Cost Driver Started in 1989 (Matt Dietrich / Reboot Illinois)
• Kentucky Non-Profit Agency Seeks Bankruptcy Protection to Shed Escalating Pension Costs (Mike Wynn / Courier-Journal)
• Kentucky Nonprofit Goes Bankrupt With Public Pensions (Steve Malanga / Public Sector Inc.)
• Florida Teachers Will Fight Switch to 401(k)-Type Plan for New Public Employees (Dave Heller / Sunshine State News)
• Obama Budget to Take Aim at Wealthy IRAs (Bernie Becker / The Hill)
• Obama Wants to Limit Retirement Accounts (blog - J.D. Tuccille / Reason)
• Is Disability the New Welfare? (Jonah Goldberg / Real Clear Politics)
• Portugal Court Strikes Down Cuts for State Workers and Pensioners (Anabela Reis & Joao Lima / Bloomberg)
• PENSION PULSE: The Secret Pension Money Grab? (blog - Leo Kolivakis)

April 5, 2013

• Bankruptcy Ruling Not a Clear Win for Either Stockton or CalPERS (column / Dan Walters / Sacramento Bee)
• CalPERS Pension System in the Crosshairs of Stockton Bankruptcy Dispute (blog - Mike Shedlock / Mish's Trends)
• Stockton, California Is Officially Bankrupt (blog - Zach Weissmueller / Reason)
• Bankrupt San Bernardino Will Resume Pension Payments to CalPERS (James Nash / Bloomberg)
• Ruling in Stockton Bankruptcy Bodes Well for San Bernardino (column - Cassie MacDuff / Press-Enterprise)
• Why Long-Term-Care Insurance Premiums Are Soaring (Dan Caplinger / Daily Finance)
• Rhode Island Public Pension 'Reform' Looks More Like Wall Street Feeding Frenzy (column - Edward Siedle / Forbes)
• Fears on Teamsters Pension Funding ( Michael Corkery / Wall Street Journal)
• Puerto Rico Senators Approve Public Pension System Overhaul (Reuters)
• Who’s the Master of Puerto Rico? Governor Garcia-Padilla or the Credit Rating Agencies? (blog - Cate Long / Reuters)
• PENSION PULSE: Pensions' Man in the Mirror? (blog - Leo Kolivakis)

April 4, 2013

• The Real Question Being Asked in Stockton: Can Public Employee Pensions Be Cut When a City Goes Bankrupt? (editorial - Sacramento Bee)
• Stockton Ruling Makes Public Employees a Protected Class (Steven Greenhut / Bloomberg)
• READ OR DOWNLOAD THE JUDGE'S RULING in the Stockton Bankruptcy Case
• CalPERS Issues Statement on City of Stockton Bankruptcy Ruling (press release)
• Judge Grants Stockton Bankruptcy Protection (blog - Michael Aneiro / Barron's)
• Dogfight Ahead in Stockton, California's Bankruptcy (op-ed - Arnold Ahlert / Canada Free Press)
• California's Black Holes of Pension Debt (editorial - Santa Maria Times)
• Pension Issue Still Alive Despite Stockton Bankruptcy Decision (Joel Fox / Fox & Hounds)
• Judge Says Stockton Can Go Belly Up (John Seiler / CalWatchdog)
• Los Angeles Department of Water and Power (DWP) Denies Access to Names of $100,000-plus Pension Recipients (video - Heidi Cuda / Fox LA)
• A Look at San Jose Retiree Health Perks (John Woolfolk / Mercury News)
• Discrepancies in California's Scale of Unfunded Liabilities in Education (Michael Higham / Independent Voter Network)
• AFSCME Pushes Bill to Get CalPERS' Mailing List (column - Jon Ortiz / Sacramento Bee)
• California's Prop 30 Gains Could Be Eaten Up by CalSTRS' Crisis (Aaron Sankin / Huffington Post)
• Moody's Adjusts Perspective on Solano County, California's Pension Obligation Bonds (press release - Solano County)
• Tarnished California Gold (blog - Steve Macoy / Waterbury Republican-American)
• Bond Insurers Hold $380 Million Exposure in Stockton Bankruptcy (Mark E. Ruquet / PropertyCasualty360)
• Is Kim Kardashian More Important Than Mass Municipal Bankruptcy? (Catholic Online)
• What the Stockton Municipal Bankruptcy Means, and Doesn't (Tracy Gordon / Brookings)
• Possible Stockton Bankruptcy Sets Up Public Employee Pensions Battle (Diana Marcum / Los Angeles Times)
• Taxpayers Are Losers in Stockton, No Matter What (blog - Steve Malanga / Public Sector Inc.)
• The Unanswered Pension Question for America's Teetering Cities (blog - Alison Frankel / Reuters)
• Stockton Is Bankrupt. Is Detroit Next? (op-ed - Brittany Baldwin / Detroit News)
• What Detroit and the Stockton Bankruptcy Mean for Bonds (blog - Mike the PhD / Seeking Alpha)
• Stockton Bankruptcy Sends Chilly Message to Muni Bondholders (blog - Jeff Benjamin / Investment News)
• When the Government Goes Bankrupt: Profligate Public Debt Is Always Passed to Taxpayers (op-ed - Andrew P. Napolitano / Washington Times)
• ONLINE DEBATE, DAY 3: Are Public Pension Systems on the Road to Recovery? (Keith Brainard and Jason Richwine / Public Sector Inc.)
• NEW REPORT: 'Unbalanced: Why State Balanced Budget Requirements Are Not Enough' (Cory Eucalitto / State Budget Solutions)
• State Help for Duluth Teachers Pension Fund Clears First Hurdle in Minnesota Legislature (Mike Creger / Duluth News Tribune)
• Pennsylvania Pension Reform Bill Could Be on Its Way (Jason Scott / Central Penn Business Journal)
• PENSION PULSE: Pensions' Man in the Mirror? (blog - Leo Kolivakis)
• SEARCHABLE DATABASE: The University of California $100,000 Pension Club Has Grown to 2,100 Members
• SEARCHABLE DATABASE: The CalSTRS $100,000 Pension Club Has Grown to 6,600 Members
• SEARCHABLE DATABASE: The CalPERS $100,000 Pension Club Has Grown to 12,000 Members
• If You Were a California Public Employee, What Would Your Pension Be? (interactive - CalculateYourPublicPension.com)
• 12 Half-Truths About Public Employee Pensions That Deserve to Be Debunked (column - Girard Miller / Governing Magazine)

April 3, 2013

• Stockton Bankruptcy Ruling Sets Stage for Landmark Pension Showdown (editorial - Contra Costa Times)
• Stockton Ruling Affirms a Skewed Perspective (editorial - Orange County Register) $$
• Stockton, CalPERS and ‘Fair’ Bankruptcy (editorial - UT San Diego)
• Next Steps in Stockton Will Be Widely Watched (editorial - News Tribune)
• Investors Ready for Main Event in Stockton Battle (Hilary Russ and Edward Krudy / Reuters)
• 'Day of Reckoning' Coming for Pensions in Bankruptcy Cases (Liam Dillon / Voice of San Diego)
• Stockton and San Bernardino -- A Tale of Two Bankruptcies (CNBC)
• Stockton: Now That Cities Are Going Bankrupt, the Scam of Government Finances Is Being Revealed (Kevin D. Williamson / National Review)
• Judge Rules Stockton Can Enter Bankruptcy (video - Stuart Varney / Fox News)
• Illinois Bond Sale Includes Pension Penalty (Doug Finke / State Journal-Register)
• Illinois Losing to California Shows Pension Penalty (Brian Chappatta / Bloomberg)
• Congressman Proposes Bill to Return FERS Surplus to Postal Service (Eric Katz / Government Executive)
• PENSION PULSE: Ontario Teachers' Returns 13% in 2012 (blog - Leo Kolivakis)

April 2, 2013

• Judge Agrees: Stockton Is Broke (Scott Smith / Stockton Record)
• Court Ruling Sets Up Pension Battle in Bankrupt Stockton, California (Mary Williams Walsh / New York Times)
• Stockton, California's Bankruptcy Poses a Risk to CalPERS (Katy Stech/ Wall Street Journal)
• Bondholders, Beware: Stockton Will Use Bankruptcy to Skin Lenders, Not Pensions (editorial - Wall Street Journal) $$
• Stockton Will Feel Vallejo's Bankruptcy Pain (Tracie Cone / Vallejo Times-Herald)
• Steve Maviglio, California Pension Sage: Why It’s a Laughable Spectacle (Chris Reed / CalWatchdog)
• ONLINE DEBATE, DAY 2: Are Public Pension Systems on the Road to Recovery? (Keith Brainard and Jason Richwine / Public Sector Inc.)
• Anyone Interested in Public Pension Issue Is Watching Stockton's Bankruptcy Case Very Closely (vlog - Dan Walters / Sacramento Bee)
• California Gold No Longer Found in Rivers and Streams — It's Being Mined Inside CalPERS (column - Ann-Marie Murrell / Townhall)
• Why California Is So Screwed Up -- In a Nutshell (Chris Reed / CalWatchdog)
• USA Declaring Bankruptcy City by City (Paul A. Ebeling Jr / Live Trading News)
• PENSION PULSE: Stockton Ruling Saves Cities and Pensions? (blog - Leo Kolivakis)
• Pension Analyst Predicts Devastating Financial Impacts Ahead for Six Northern California Counties (Marin Citizens for Sustainable Pensions)
• Despite a Pension Liability Close to $100 Billion, Illinois Legislators Waste Time Passing Frivolous Bills (with video - Illinois Policy Institute)
• No More Double Dips For Indiana's Public Pension Retirees (Kathleen McLaughlin / Indianapolis Business Journal)
• Why Kentucky's Pension Reform Has Some Local Governments Yawning (Liz Farmer / Governing)
• Public Pensions Funding Gap in UK 'Set to Double' Over Next Six Years (Richard Johnstone / Public Finance)

April 1, 2013

• Stockton's Bankruptcy: The Case for CalPERS Cuts (blog - Ed Mendel / Calpensions)
• Public Pensions Are at the Heart of Stockton, California's Bankruptcy (column - Steven Greenhut / Orange County Register)
• CalPERS Is the '800-Pound Gorilla' in the Stockton Bankruptcy Trial (column - Dan Walters / Press-Democrat)
• CalSTRS and CalPERS Have Been Lying to Taxpayers for Decades (op-ed - Christopher P. Conway / San Mateo Daily Journal)
• CalPERS Is Defending State Constitution in Stockton Bankruptcy Case, Says Its Attorney (oped - Peter Mixon / Sacramento Bee)
• Stockton Ruling Seen Key to US Cities' Bankruptcy Options (Jim Christie / Reuters)
• Stockton Bankruptcy Decision Only the Beginning (Tracie Cone / Sacramento Bee)
• Anti-Pension Propaganda Is Disguised by Think Tanks and 'Public Policy' Websites Like PensionTsunami, Claims Los Angeles Police Protective League
• The $7.3 Trillion Debt Bomb That State and Local Taxpayers Won't See Coming (op-ed - Steven Malanga / Wall Street Journal)
• ONLINE DEBATE, DAY 1: Are Public Pension Systems on the Road to Recovery? (Keith Brainard and Jason Richwine / Public Sector Inc.)
• Will Talk of California's Big Pensions Bring Reform? (Christopher Cadelago / UT San Diego)
• $413,000 Pension Rekindles Debate; California’s Efforts to Rein in Costs Have Been Limited to New Hires (Christopher Cadelago / U T San Diego)
• Orange County Pension Fund an Island of Stability in Rough Pension Seas (editorial - Orange County Register)
• CalPERS Throws Away Pension Money on Green Energy Investments (Lachlan Markay / Washington Free Beacon)
• Bankrupt San Bernardino Approves Over $1 Million in Pay Hikes for City Employees (Reuters)
• Just Another Day at the Pension Casino (editorial - UT San Diego)
• California Attorney General Seeks to Merge 4 Pension Reform Challenges by Unions Into Contra Costa County (Lisa Vorderbrueggen / Contra Costa Times)
• Calfornia's Lifestyles of the Rich and Unionized (Lee DeCovnick / American Thinker)
• California Needs to Fill Teachers' Pension Fund Gap (editorial - Inland Valley Daily Bulletin)
• The Real Cost of Education Is Far Higher Than We’ve Been Told -- Because of Teachers’ Pensions (blog - Amy Payne / Heritage Foundation)
• Public Pension Funds Face Scrutiny From Accounting Updates by Moody's and GASB (Hazel Bradford / Pensions & Investments)
• The Veterans Benefits Backlog (editorial - Los Angeles Times)
• Montana House Approves State Employee Raises, Pension Fixes (Charles S. Johnson / Missoulian)
• 80 New Jersey State Police Retirees Return to State Payroll; Get $12 Million/yr in Salaries Plus Pensions (Mark Lagerkvist / New Jersey Watchdog)
• Critics Call Kentucky Pension Funding Bill a 'Tax Increase' That Will Hurt the Working-Class (Mike Wynn / Courier-Journal)
• Michigan Cities Face Huge Retiree Health Care Liability (blog - Steve Malanga / Public Sector Inc.)
• Some Senate Republicans File Bill to Repeal Michigan Governor's Pension Tax (Gary Heinlein / Detroit News)
• Boeing Serves as Pension Reform Example for Illinois Lawmakers (op-ed - Bob Williams / State Journal-Register)
• PENSION PULSE: One Picasso Too Many? (blog - Leo Kolivakis)

March 31, 2013

• EDITORIAL CARTOON: California's Public Employee Pension Funds Mug the Easter Bunny (Lisa Benson / Santa Rosa Press Democrat)

March 29, 2013

• Lifestyles of the Rich and Famous on a California Government Pension (video - David Spady / Americans for Prosperity)
• Small City of Pacific Grove Takes on CalPERS (California City News)
• Stockton Bankruptcy Protects Public Employee Pensions Above All Else (blog - Steven Greenhut / Public Sector Inc.)
• State Auditor Pegs California's Net Worth at Negative $127.2 Billion (blog - Dan Walters / Sacramento Bee)
• Is Bankruptcy Right for California? (Michael Barnhart / Fox & Hounds)
• San Diego School District Gives $25,000 Retirement Buyouts to Teachers Who Already Retired (Maureen Magee / UT San Diego)
• The 12 Top-Paid County Bosses in California (Matt Clark / UT San Diego)
• Moody's Cuts Sacramento, California County Pension Obligation Bonds (Reuters)
• Will Silicon Valley’s Elite Take on Public Sector Unions? (Ed Ring / CalWatchdog)
• Pension Funds Increasingly Focused on 'Culture of Risk' (Kevin Olsen / Pensions & Investments)
• Unions Promise to Fight Pennsylvania Public Pension Reform (Melissa Daniels / Pottstown Mercury)
• Already Fired Twice, Illinois Tollway Boss Is Ousted Again for Allegedly Sleeping on the Job (Rosalind Rossi / Chicago Sun-Times)
• Saving the Post Office One Stamp at a Time (Stephen L. Carter / Bloomberg)

March 28, 2013

• California’s New Taxes Are Paying for Pensions (David Crane / Bloomberg)
• Los Angeles Mayoral Candidates Garcetti and Greuel Step Gingerly Around City Labor Issues Like Pay and Pensions (James Rainey / Los Angeles Times)
• Judge to Rule Monday on Whether to Block Stockton, California's Bankruptcy (Peter Hecht / Sacramento Bee)
• Judge to Decide Stockton's Path; Monday Ruling Expected on Chapter 9 Status (Scott Smith / Stockton Record)
• Stockton's Case May Prove to Be a Model for Other Struggling Cities (op-ed - Doug Eberhardt / Sacramento Bee)
• CalPERS Backs Off Clean Tech (vlog - Dan Walters Daily / Sacramento Bee)
• California Bureaucrat's Pay Rekindles Pension Debate (Matt Clark / UT San Diego)
• How to Get a California State Pension in 7 Easy Years (Clay Russell / FlashReport)
• Bill Gates: How State Budget Accounting Gimmicks Are Breaking US Schools (10-minute video - TED Conference)
• Wyoming Pension Fund's CIO Pleads Guilty in Insider Trading Scheme (Leanna Orr / aiCIO)
• Chicago Public School Closings: The Writing Was on the Wall (Paul Kersey / Illinois Policy Institute)
• New York Governor Cuomo’s Jersey-Style Pension Ploy (op-ed - Steven Malanga / New York Post)
• Teamsters Vote to Leave Failing Central States Pension Fund (press release - Taxpayers Protection Alliance)
• Forget Cyprus -- the EU Is About to Go Broke (Elizabeth Pfeuti / aiCIO)
• PENSION PULSE: Does Blame Predict Performance? (blog - Leo Kolivakis)

March 27, 2013

• Big California Pension Funds Announce They're Billions Short; Municipalities Likely to Face Bigger Squeeze (editorial - Orange County Register)
• CalPERS' Pension Rate Hike Could Push More Struggling California Cities Over the Edge (column - Michal Conger / Washington Examiner)
• California Watches as Small City of Pacific Grove Goes After CalPERS (Tim Reid / Reuters)
• CalPERS Isn't a White Knight in Stockton's Bankruptcy (editorial - Sacramento Bee)
• Memo to CalPERS: Here's Your Study (blog - Dan Solin / Huffington Post)
• Official Education Spending Figures Do Not Incorporate Full Cost of Teacher Pensions (Jason Richwine / Heritage Foundation)
• AUDIO: The Role of Public Pensions in Stockton's Bankruptcy; CalSTRS' Underfunding Discussed at the Half Hour Mark (John & Ken / KFI Radio)
• Stockton Bankruptcy Trial, Day 2 Testimony: Stockton Faces $100 Million Deficit Over Next 10 Years (Scott Smith / Stockton Record)
• Stockton's Bankruptcy Trial: 'The Fight Is Going to Be On' (Scott Smith / Stockton Record)
• Trial Over Stockton's Bid for Bankruptcy Nears End in California (Jim Christie / Reuters)
• Alameda County Rewards Boss: $400,000+ . . . for Life (blog - Matier & Ross / San Francisco Chronicle)
• Kentucky's General Assembly Passes Pension Reform (Business Courier)
• PENSION PULSE: Golden Age For Pension Lawyers? (blog - Leo Kolivakis)

March 26, 2013

• Day 1 of Stockton's Bankruptcy Case Swings Into Action (Scott Smith / Stockton Record)
• Stockton's Creditors Argue That City Should Cut Pension Obligations (Peter Hecht / Sacramento Bee)
• Bankruptcy Trial Underway for Stockton, California (Leanna Orr / aiCIO)
• Real Issue in Stockton Bankruptcy Is Public Employees' Pensions (column - Dan Walters / Sacramento Bee)
• California Cities Watch Closely as Stockton Bankruptcy Trial Begins (with audio - Ben Adler / Capitol Public Radio)
• More Openness, Not Less, Needed at CalPERS; Lawmakers Mull Greater Secrecy (editorial - Orange County Register)
• Legislative Analyst's Office Says CalSTRS Is Massively Underfunded (Katy Grimes / CalWatchdog)
• Federal Government Spends More on Disability Than on Food Stamps and Welfare Combined (Wynton Hall / Big Government)
• Pensions of Public Servants Under Serious Strain in UK (Steve Simkins / Public Service Europe)
• PENSION PULSE: CalPERS Moving to All-Passive Investments? (blog - Leo Kolivakis)

March 25, 2013

• CalPERS Rate Hike: 50% Over Six Years (blog - Ed Mendel / Calpensions)
• Court to Decide on Pensions in Stockton, California, Bankruptcy (Mary Williams Walsh / New York Times)
• Stockton’s Fate Turns on Four-Day Bankruptcy Court Trial (Steven Church and Jared Goyette / Businessweek)
• Stockton, California Heading to Bankruptcy Court (Tracie Cone / Sacramento Bee)
• City of Stockton Says CalPERS Twice Rejected Its Plea for Aid (Scott Smith / Stockton Record)
• Stockton, California Files for Bankruptcy . . . Who's Next? (Karen Graham / Examiner)
• What's Behind the Stockton Bankruptcy? (Rick Moran / American Thinker)
• City Workers Fleeing San Bernardino, California in Droves Since Its Bankruptcy (Ryan Hagen / San Bernardino Sun)
• California Still Understates the Size of Its Teacher Pension Fund's Massive Pension Deficit (RiShawn Biddle / Dropout Nation)
• State Must Fix Gowing Unfunded Liabilities That Loom at CalSTRS (editorial - Sacramento Bee)
• California Teachers Don't Get Social Security. So What? (blog - Steve Malanga / Public Sector Inc.)
• CalPERS Loses on Cleantech Bets (Kent Bernhard Jr. / Upstart Business Journal)
• CalPERS CIO: Cleantech Investing Has Got an L Curve, for Lose (blog - Dana Hull / Silicon Beat)
• CalPERS Boss Says Investment Losses on 'Cleantech' Bets Are 'Noble' (Chris Reed / CalWatchdog)
• VIDEO: CalPERS' CIO Talks About Its Clean-Tech Energy Fund Which Has So Far Lost Money (Wall Street Journal)
• Blue Ribbon Commission to Address Los Angeles' Pending Insolvency (Jack Humphreville / CityWatch LA)
• Why One Union Is Fighting Pension Reform in San Diego (Scott Lewis / Voice of San Diego)
• Secret Campaign Against Pension Reformer Carl DeMaio in San Diego's Mayoral Race Revealed (Craig Gustafson / UT San Diego)
• San Diego County Pension Board Moves Forward With Loan Plan (Jeff McDonald / UT San Diego)
• Feds Indict Public Pension Placement Agent (column - Chris Tobe / MarketWatch)
• Detroit Pension Indictment Reads Like a Scorsese Movie Knock-Off (Deadline Detroit)
• Illinois Can Charge Retirees Premiums for Their Health Care Benefits, Court Rules (Rebecca Moore / PlanSponsor)
• New Mexico's Pension Funds Could Run Out of Money in the Next 8-10 Years (op-ed - Bradley Day / Sun-News)
• New Jersey Budget Threatened: Pension Fund Investments in Fiscal 2012 Were Far Below Projected Targets (Bob Jordan / Asbury Park Press)
• Florida House, Senate at Odds Over Potential Pension Reform (Kathleen Haughney / Sun-Sentinel)
• HUMOR: Punxsutawney Phil 'Indicted' Over Spring Forecast (Amanda Lee Myers and Mark Scolforo / Associated Press)
• Corporate Pension Plans Evolve Into Quasi-Insurers (Charles E.F. Millard / CFO)
• Boeing to Close Defined Benefit Plan to Technical Workers (Barry B. Burr / Pensions & Investments)
• US Still Paying Survivor Benefits to Children of Civil War Vets (Shan Li / Los Angeles Times)
• Costs of US Wars Linger for Over 100 Years (Mike Baker / Associated Press)
• War Costs Ever Mount (commentary - Paul Jacob / Common Sense)
• PENSION PULSE: Is Retirement History? (blog - Leo Kolivakis)

March 24, 2013

• Sunday Funnies

March 22, 2013

• California's State Pension Reporting Is 'Fatally Flawed' Says Analyst (Jon K. Brent / Central Coast News)
• CalPERS Sees Corruption Charges at Last (editorial - Merced Sun-Star)
• California Teacher Pension Fund Needs $4.5 Billion More Each Year, Says Report (ABC Los Angeles)
• Legislative Analyst's Office Wants CalSTRS Shortfall Tackled (Sacramento Business Journal)
• Solving CalSTRS' Shortfall Would Cost Billions (John Fensterwald / EdSource)
• Legislative Analyst's Report on CalSTRS Confirms Insanity of November Happy Talk About California's Finances (Chris Reed / CalWatchdog)
• Mismanaged State Pension Funds Bill Taxpayers for Shortfalls (Eric Pianin and David Francis / The Fiscal Times)
• Councilman Pushes to Solve Brea, California's $54 Million Pension Shortfall (Douglas Morino / Orange County Register)
• Los Angeles Mayoral Candiate Wendy Greuel Is Walking a Tightrope on Pension Reform (Joel Fox / Fox & Hounds)
• California State Worker Database Now Includes 2012 Civil Service Pay (blog - Linda Gonzales / Sacramento Bee)
• Cities Like San Bernardino Go Broke When Dumb or Corrupt People Run Them (blog - Steve Malanga / Public Sector Inc.)
• Corruption Trial of Bell City Officials Comes to Bizarre, Chaotic Conclusion (Corina Knoll, Richard Winton, Ruben Vives / Los Angeles Times)
• Bell, California City Officials Put Back Under Fire for Big Paychecks (David McAfee / Law360) $$
• Illinois House Passes Pension Reform Bill Limiting COLAs (Rob Kozlowski / Pensions & Investments)
• Illinois House Passes Pared Down Pension Plan (Pantagraph)
• Laying Blame – Union Bosses Also Culpable for Illinois Pension Crisis (Paul Kersey / Illinois Policy Institute)
• All Show, No Go for Illinois Pension Reform (Ben Yount / Illinois Watchdog)
• Pension Reform Is Not Partisan (op-ed - Jonathan Williams and Fara Klein / Sunshine State News)
• Two Detroit Pension Fund Officials Indicted (Steve Nealing / Reuters)
• New York’s Big, Fat Pension Gimmick Compromise (blog - E.J. McMahon / Empire Center)
• Montana Lawmakers Debate Pension Reform (Marnee Banks / CBS)
• Pennsylvania Pension Reform Stalled by Lack of Voter Concern (editorial - Pottstown Mercury)
• Judges Seek Exemption From Arizona Pension Reform (PlanSponsor)
• GRAPHIC: The World Map of Retirement (Elizabeth Pfeuti / aiCIO)
• PENSION PULSE: CalPERS Indictment the Tip of the Iceberg? (blog - Leo Kolivakis)
• Nine Fallacies Used to Defend Public-Sector Pensions (Jason Richwine / Heritage Foundation)

March 21, 2013

• California Legislators Urged to Deal Now With CalSTRS Shortfall; Additional $4.5 Billion More Needed Yearly (Dale Kasler / Sacramento Bee)
• Report by California's Legislative Analyst Paints Dire Picture of CalSTRS' Funding (Chris Megerian / Los Angeles Times)
• READ THE REPORT: 'Addressing CalSTRS' Long-Term Funding Needs' (pdf - California Legislative Analyst's Office)
• LAO Recommends $4.5 Billion CalSTRS Rate Hike (blog - Ed Mendel / Calpensions)
• Report: CalSTRS Needs $4.5 Billion More Each Year (Judy Lin / Daily Democrat)
• CalSTRS Needs $4.5 Billion Yearly Boost (Michael B. Marois / Bloomberg)
• California Legislative Analyst’s Report Calls for Additional $4.5 Billion Annually to Fund Teachers’ Pensions (Autumn Carter / Fox & Hounds)
• CalSTRS Underfunding Is Only the Latest Example of the Massive Pension Funding Crisis the Nation Faces (Sean Higgins / Washington Examiner)
• Public Pension Fallacy #5 Will Not Go Away (blog - Jason Richwine / Public Sector Inc.)
• Lompico Water District Gets $903,000 Pension Opt-Out Bill From CalPERS (Kimberly White / Santa Cruz Sentinel)
• CalPERS Indictment Leaves Key Questions Unanswered (column - Dan Primack / Fortune)
• READ THE FEDERAL INDICTMENT of Former CalPERS CEO Buenrostro and Placement Agent Villalobos (pdf - 17 Pages)
• Illinois Senate Swings, Misses on Sweeping Pension Overhaul (Ray Long and Rafael Guerrero / Chicago Tribune)
• They Failed You: Illinois' Senators Reject Pension Reform, Then Go on Vacation (editorial - Chicago Tribune)
• Vermont's Governor Signs Pension Forfeiture Bill (Boston Globe)
• Oklahoma Firefighters Rally Against Consolidating State Pension Boards (Michael McNutt / The Oklahoman)
• Puerto Rico Slides Toward Insolvency (blog - Cate Long / Reuters)
• PENSION PULSE: HOOPP Does it Again, Gains 17.1% in 2012 (blog - Leo Kolivakis)

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