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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 September 22 10:56am PST

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

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)
• UNSUSTAINABLE: New York City Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (op-ed - Nicole Gelinas / New York Post)
• UNSUSTAINABLE: Many Cook County Pension Funds Have More Retirees Collecting Than Workers Paying In (press release - Cook County Treasurer's Office)
• UNSUSTAINABLE: Chicago Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (Nancy Mathieson / Wirepoints Illinois)

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)

August 24, 2018

• NOTE TO VISITORS: We continue to experience maintenance issues
• CalPERS Hides the Ball on Disability Pension Fraud (K. Lloyd Billingsley / Independent Institute)
• More San Diego Employees Are Quitting Since 'Prop B’ Pension Reform (Andrew Bowen / KPBS)
• Staff Benefits Are Eating Up Bigger Shares of School District Budgets, Report Finds (Madeline Will / Education Week)
• Chicago Aldermen 'Lukewarm’ as They Are Briefed That Pension Borrowing Could Top $10 Billion (Fran Spielman / Chicago Sun-Times)
• Chicago Mulls $10 Billion Debt Sale to Fill Pension Funding Hole — Here’s Why It’s a Bad Idea (Sunny Oh / MarketWatch)
• Texas Legislature Does Away With Confederate Pension Fund (op-ed - Ken Herman / Austin American-Statesman)

August 23, 2018

• NOTE TO VISITORS: We will be offline for awhile today for urgent maintenance
• Ruling May Lead to Holding US Responsible for Puerto Rico Bonds (Robert Slavin / The Bond Buyer)$$
• Amid Skepticism, Chicago Aldermen to Be Briefed on $10 Billion Pension Borrowing Plan (Fran Spielman / Chicago Sun-Times)
• Life Expectancy Declines Seen in US and Other High-Income Countries (Lisa Rapaport / Reuters)

August 22, 2018

• California Split Roll Initiative Isn't About Fairness. It's a Money Grab for Special Interests. (editorial - Orange County Register)
• Government Pay Watchdog Transparent California Wants CalPERS to Name Retirees With Disability Pensions (column - Adam Ashton / Sacramento Bee)
• GOLDEN OLDIE: Ex-CHP Chief Snared in Son's Escape From Rape Trial Seeks Disability Pension (column - Adam Ashton / Sacramento Bee)
• We Have a Mounting CalPERS Liability We Cannot in Good Conscience Fail to Address During Our 'Lucky' Years (op-ed - Alan Galbraith / St. Helena Star)
• Soaring Overtime Fattens Paychecks of California Cops and Firefighters. But at a Cost (Phillip Reese & Adam Ashton / Sacramento Bee)
• California’s City and County Overtime Dilemma in 60 Seconds (video - Sacramento Bee)
• Another Lawsuit Demands California Unions Return Fair Share Fees to Government Workers (column - Adam Ashton)
• Lawmakers Kill a Proposed Tax Deduction for California Union Members (column - Adam Ashton / Sacramento Bee)
• Pressure Off, Hartford Council Weakens on Pension Reform (editorial - Hartford Courant)
• Puerto Rico Pension Bondholders’ Claims Ruled 'Unenforceable' (Hazel Bradford / Pensions & Investments)
• Will Pensions End Putin? Russia’s Retirement Age Debate (Marc Bennetts / Newsweek)
• PENSION PULSE: OMERS's Huge Stake in a Texas Pipeline? (blog - Leo Kolivakis)

August 21, 2018

• CalPERS Wants to Turn Its 'Hole in the Ground' Into Sacramento's Tallest Building (column - Adam Ashton / Sacramento Bee)
• Open Government Group Transparent California Sues CalPERS Over Pension Data (Lauryn Schroeder / San Diego Union-Tribune)
• CalPERS Pays $3.4 Million to Dow Jones to Settle Massive Copyright Infringement (blog - Yves Smith / Naked Capitalism)
• California Sticks Its Schoolkids’ Futures in a Vise (Joe Mathews / CityWatch LA)
• L.A. Can't Call Itself a Progressive City Until It Gets Rid of DROP (letter - Los Angeles Times)
• States Making Slow Progress on Public Pension Reform (Lou Cannon / Noozhawk)
• Politicians Cashing In (blog - John Bury / Burypensions)
• Politicians Cashing In – Still (blog - John Bury / Burypensions)
• DC Metro Cannot Afford to Sustain the Union's Gilded Pension and Retiree Health-Care Plans (editorial - Washington Post)
• PENSION PULSE: CPPIB to Double its Allocation to China? (blog - Leo Kolivakis)

August 20, 2018

• The Real Story Behind Sacramento's Push for Tax Hikes: Pension Red Ink (editorial - San Diego Union-Tribune)
• Sweet Pensions, Secrecy Laws: L.A. Has Its Own Ugly Swamp That Needs Draining, But Where's the Leadership? (column - Steve Lopez / Los Angeles Times)
• CalPERS Sued for Withholding Complete Pension Data (press release - Transparent California)
• Don't Believe the Hysteria: There Are Other Ways for California's Public Workers to Get Benefits (Steven Greenhut / California Policy Center)
• California Needs New School-Funding System (Joe Mathews / Ventura County Star)
• Napa School Trustees Off Base in Criticizing Taxpayer's Association (letter - Mark Gasster / Napa Valley Register)
• Chicago May Try to Paper Over Its Pension Woes With New Debt (editorial - Wall Street Journal)
• Illinois Tells Voters Its Budget Is Balanced, Warns Bond Investors It's Not (Mark Glennon / Wirepoints)
• EDITORIAL CARTOON: Moon and Stars Pension Promises (Eric Allie / Illinois Policy)
• How Mayor Emanuel Is Misleading You on Chicago's Debt (Mark Glennon / Crain's Chicago Business)
• Chicago Stupidity: Universal Basic Income, Pension Obligation Bonds, and Divestment (blog - Mary Pat Campbell / STUMP)
• Did Senate President Sweeney Kill Recent New Jersey Pension-Padding Bill? (column - Ryan Hutchins / Politico)
• New Jersey Retiree Update – June, 2018 (blog - John Bury / Burypensions)
• Oregon's Public Employees Retirement System Is No Ordinary 401(k) (editorial - Bend Bulletin)
• Kentucky's Pension Fight Still Mired in Muck (editorial - Bowling Green Daily News)
• Fed Court Sides With Jacksonville in Pension Challenge (A.G. Gancarski / Florida Politics)
• Omaha’s Unfunded Pension Gap Will Grow to $876 Million Under an Actuary's Recommendation (Emily Nohr / World-Herald)
• Fort Worth Moves Toward Compromise on Pension Shortfall (Scott Gordon / NBC 5)
• US Judge Rules Against Puerto Rico Retirement System Bondholders (Luis Valentin Ortiz / Reuters)/
• Why Russians Have No Trust in the Pension Reform Plan (op-ed - Denis Volkov / Moscow Times)
• Due to Lack of Funds Ukraine's Pensions Will Be Reduced by 10% on Average of the National Commission (Siver Post)
• PENSION PULSE: Top Funds' Activity in Q2 2018 (blog - Leo Kolivakis)

August 19, 2018

• WEEKEND SPOTLIGHT HEADLINES:
• Sweet Pensions, Secrecy Laws: L.A. Has Its Own Ugly Swamp That Needs Draining, But Where's the Leadership? (column - Steve Lopez / Los Angeles Times)
• Don't Believe the Hysteria: There Are Other Ways for California's Public Workers to Get Benefits (Steven Greenhut / California Policy Center)

August 18, 2018

• WEEKEND SPOTLIGHT: The Real Story Behind Sacramento's Push for Tax Hikes: Pension Red Ink (editorial - San Diego Union-Tribune)

August 17, 2018

• Competing for California’s Biggest Pension-Spiking Scam (editorial - Orange County Register)
• Public Pensions and Public Trust (Elizabeth Bauer / Forbes)
• Winters, California Explores Tackling Unfunded Pension Liability With Additional Payments (Matthew Keys / Winters Express)
• CalPERS Consultant Defends Forestland Sale Which Lost Around $500 Million (Chris Butera / Chief Executive Officer)
• Public Sector Unions Win Big at the California Supreme Court in Getting San Diego Pension Reforms Overturned (Steven Greenhut / Reason)
• Proposal to Put New Hires on Defined Contribution Plan Hits Snag in Hartford (Jenna Carlesso / Hartford Courant)
• Sweeney Pension Path Ends With Hiring an Actuary (blog - John Bury / Burypensions)
• Kentucky Governor Defends Pension Law in Hard-Hitting Speech (Bruce Schreiner / WCPO 9)
• A Homeowner's Share of Oregon's Public Pension Debt? Study: $106,952 (editorial - Herald and News)
• When It Comes to North Carolina Pension’s Unfunded Liability, 'The Sky Isn’t Falling' Says Union Exec (letter - News & Observer)
• Cuts in Social Security and Medicare Are Inevitable. Delaying Reform Will Make It Worse. (op-ed - David Schoenbrod & Brian Riedl / USA Today)
• The Problem With Public Accounts (commentary - Paul Jacob / Common Sense)
• Motion Picture Industry Pension Plan Dips Closer to 'Critical Status' for Fourth Year in a Row (David Robb / Deadline Hollywood)
• China Millennials Face Pension Shortfall (Financial Times)$$
• PENSION PULSE: Canadian Pensions Invest in US Utility? (blog - Leo Kolivakis)

August 16, 2018

• Have Public Employee Pensions Become More Generous, or Less? (Andrew Biggs / Forbes)
• Don't Confuse Public Pension Cost With Generosity (Alicia H. Munnell / MarketWatch)
• CalPERS CFO Dismissed After Hiring Investigation (column - Adam Ashton / Sacramento Bee)
• We’ve Only Just Begun (op-ed - Baldwin Moy / Madera Tribune)
• Pension Benefits Costs Become Vacaville Mayoral Race Issue (Ian Thompson / Daily Republic)
• What a New Jersey Panel Urges to Improve State's Fiscal Health (Andrew Coen / The Bond Buyer)$$
• New Jersey Must Make Painful Fixes to Reverse the Fiscal Crisis (op-ed - Scott Shepard / NJ.com)
• NEW STUDY: 'The New Jersey Pension Crisis: Flailing in Deep Waters' (pdf - Scott Andrew Shepard / Mercatus Center)
• Fixing New Jersey Pensions (blog - John Bury / Burypensions)
• Resolve Hawaii's Pension Woes to Ease Maui Budget (op-ed - Joe Kent / Maui News)
• Is This a Way Out of Fort Worth’s Pension Woes? (letter - Star-Telegram)
• PENSION PULSE: No Turkish Delight For Emerging Markets? (blog - Leo Kolivakis)

August 15, 2018

• LAPD Chief Endorses Reform to Controversial DROP Retirement Program That Paid Him $1.27 Million (Jack Dolan / Los Angeles Times)
• Future San Diego County Taxpayers and Public Employees Are Paying for Past Pension Mistakes (Robert Fellner / Voice of San Diego)
• California School Chief Candidates Tuck and Thurmond on Pensions (CALmatters)
• CalPERS Fires Back Against Bill Requiring Liability Calculations on Treasury Rates (Arleen Jacobius / Pensions & Investments)
• Teacher Pay Fray (Larry Sand / California Policy Center)
• As Fiscal Storm Clouds Gather, Chicago Seeks a Questionable Shelter (Steven Malanga / Crain's Chicago Business)
• Mayoral Hopeful Vallas Calls Possible $10 Billion Emanuel Pension Payoff 'Irresponsible' (Bill Ruthhart / Chicago Tribune)
• Mayoral Challenger Vallas Urges City Council to Flex Its Muscle to Stop Emanuel’s Pension Bonds (Fran Spielman / Chicago Sun-Times)
• Questions for the Outgoing Chair of Oregon’s Public Pension System (Ted Sickinger / Bend Bulletin)
• Pension Map Shows Maryland's Counties Have Liabilities, Too (Carol Park / Baltimore Post-Examiner)
• Minnesota's Pension Reforms Receive Praise, But More Fixes May Be Needed (Michael Carroll / Minnesota Watchdog)
• Renewed Call for New Jersey Pension Reform Angers Public Employee Unions (Michael Aron / NJTV)
• Social Security and Fiscal Doomsday (William Sullivan / AmericanThinker)
• Newspapers Seek Help in Congress on Pension Requirements (Jeffrey Meitrodt / Star Tribune)
• Saving Community Newspapers – From Funding Pensions (blog - John Bury / Burypensions)
• Taxing Tuesday: Let's Tax Wealth! (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: All Aboard BCI's Gravy Train? (blog - Leo Kolivakis)

August 14, 2018

• Cal Fire Union Leaders' Pension-Spiking Gambit (column - Daniel Borenstein / San Jose Mercury News)
• Two More Multiemployer Plans to Cut Benefits (blog - John Bury / Burypensions)
• GRS Dominates Public Pension Actuarial Consulting, Followed by Milliman and Cavanaugh Macdonald (Elizabeth Myers / Reason Foundation)
• PENSION PULSE: CPPIB Worried About Inflation? (blog - Leo Kolivakis)

August 13, 2018

• Before Becoming LAPD Chief, Moore Retired, Collected a $1.27-Million Payout, Then Was Rehired (Jack Dolan / Los Angeles Times)
• Local Agency Exits From CalPERS (Marc Joffe / Reason Foundation)
• In Rebuking San Diego’s Pension Initiative, California Supreme Court Slams Our Basic Voting Rights (Steven Greenhut / California Policy Center)
• What's Next, Per the Lawyer Whose Pension Reform Tactic the Supreme Court Rejected (op-ed - Jan Goldsmith / San Diego Union-Tribune)
• Send the Pols a Message! Demand Pension Reform: Vote NO on State Bonds and County Rain Tax (Jack Humphreville / CityWatch LA)
• ILLINOIS: It's the Pension Promises, Stupid! (Ted Dabrowski & John Klingner / Wirepoints)
• New Jersey's Legislative Leaders Discover They Have a Public Pension Problem (editorial - Wall Street Journal)$$
• New Jersey Panel Calls for Overhauling Pensions, Schools and More (Mike Catalini / Associated Press)
• Path to Egress (blog - John Bury / Burypensions)
• Why Our Public Pensions Need Stress Tests (Susan K. Urahn / Governing)
• How Automation Will Affect Unfunded Pension Liabilities (Christopher Burnham / Forbes)
• Having Fun With Mortality: The Day Nobody Died, the Oldest People Keep Dying, and Don't Drink and Walk (blog - Mary Pat Campbell / STUMP)
• Shut Down Calgary's Triple Pension Party (oped - Colin Craig / Calgary Sun)
• China Pushes Reverse Mortgages to Pay for Pensions (Fan Liya / Sixth Tone)
• PENSION PULSE: The Big Plunge in Stocks? (blog - Leo Kolivakis)

August 12, 2018

• Before Becoming LAPD Chief, Moore Retired, Collected a $1.27-Million Payout, Then Was Rehired (Jack Dolan / Los Angeles Times)

August 11, 2018

• In Rebuking San Diego’s Pension Initiative, California Supreme Court Slams Our Basic Voting Rights (Steven Greenhut / California Policy Center)

August 10, 2018

• Pension Costs Will Burden California School Districts for Years to Come (editorial - Orange County Register)
• DeMaio Defends Prop B Following Supreme Court Ruling on the 2012 Pension Reform Measure (Karen Kidd / Northern California Record)
• CalPERS Cuts Most of Its Forestland Investment Program at a Large Loss (Randy Diamond / Chief Investment Officer)
• California May Pay Us Back in Wooden Nickels (letter - Wichita Falls Times Record News)
• Sweeney Panel's New Jersey Tax Plan (blog - John Bury / Burypensions)
• Deeply Indebted Chicago Considers Borrowing Billions to Cover Its Pension Costs (Steven Malanga / City Journal)
• Truth in Accounting's Bill Bergman Warns Chicago Is on Path to Bankruptcy (Danielle Pacey / Chicago City Wire)
• Illinois State Senate Candidate Calls for 401(k)-Style Pensions for All New Teachers (Robert Hadley / McHenry Times)
• Why New Jersey, Illinois, and Connecticut Risk Pension Fund Pressure (video - Taylor Riggs interviews Nisha Patel / Bloomberg Markets)
• Another Multiemployer Plan Files to Cut Benefits (blog - John Bury / Burypensions)
• Underperforming Public Pension Plans Pay Higher Average Fees Says Report (James Comtois / Pensions & Investments)
• PENSION PULSE: CPPIB and Caisse Expand Asian Logistics? (blog - Leo Kolivakis)

August 9, 2018

• Another Way of Looking at the Pension Crisis, as 'A Stealth Mortgage on Your House' (John Rubino / Seeking Alpha)
• California Teachers' Pensions (letter - David Crane / CALmatters)
• San Diego’s Move to DC Plan in Limbo (Rebecca Moore / Plan Sponsor)
• Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher (Heather Gillers / Wall Street Journal)
• EDITORIAL CARTOON: Up: Pensions & Property Taxes (Eric Allie / Illinois Policy)
• Bailey Says Emanuel's Plan to Borrow Billions to Prop Up Chicago's Pension System Is 'insane' (Glenn Minnis / SE Illinois)
• Why MMA Says Chicago Should Avoid Selling Pension Bonds (Yvette Shields / The Bond Buyer)$$
• Oregon's $22 Billion Pension Hole: How Did We Get Here? (Ted Sickinger / The Oregonian)
• No Magic Bullet for Oregon's Public Employees Retirement System (editorial - Bend Bulletin)
• City Officials Rush to Fix Fort Worth's $1.6 Billion Pension Problem (Fox 4)
• Top 100 US Public Pensions Lose $23 Billion in Q2 (Chris Butera / Chief Investment Officer)
• Data on Multiemployer Plans (blog - John Bury / Burypensions)
• Are Women Really Receiving Lower Social Security Benefits? (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: HOOPP Ponders its Allocation of Risk? (blog - Leo Kolivakis)

August 8, 2018

• Financial Times: CalPERS Pension Fund Suffers Big Losses on Forestry Land (F. McGuire / Newsmax)
• California Unions Win Another Pension Lawsuit. Will Their Streak Continue? (Caitlin Chen / Sacramento Bee)
• A CalPERS False Alarm [scroll down blog] (blog - Adam Ashton - Sacramento Bee)
• Controversy Simmering Over Gauging Pension Obligations (Hazel Bradford / Pensions & Investments)
• Oregon's Public Pension Mortgage Weighs Heavily (editorial - Register-Guard)
• Around the Pension-O-Sphere: An Old Tale of Pension Fraud, Illinois Spiking, Russian Revolts, and More (blog - Mary Pat Campbell / STUMP)
• A Tale of Two Teamsters Pension Plans – Not (blog - John Bury / Burypensions)
• PENSION PULSE: PSP Hits The Red Carpet? (blog - Leo Kolivakis)

August 7, 2018

• We Are Experiencing Technical Issues Today and Will Not Be Publishing as Usual -- Please Visit Again Tomorrow
• Dead Retirees Cost New Jersey Pension Funds $650 Million a Year (Michael Symons / NJ 101.5)
• Pension Payments to 18,000 Sears Canada Retirees Cut by 30% This Week (Sophia Harris / CBC)
• Russian Pension Reform Exposes Putin's Achilles Heel (Giovanni Pigni / Asia Times)
• Russia's Pension Reform Bill Risky for Ruling Party (European Interest)

August 6, 2018

• The Stealth Pension Mortgage on Your House (Rob Arnott & Lisa Meulbroek / Wall Street Journal)$$
• Could California Flame Out? (John McNellis / Wolf Street)
• California State Supreme Court Orders Appeals Court Review of San Diego Pension Overhaul (Keeley Webster / The Bond Buyer)
• The Woman Who Torpedoed San Diego's Proposition B Pension Reform Measure (Scott Lewis / Voice of San Diego)
• Why Teachers Unions Are the Worst of the Worst (Edward Ring / California Policy Center)
• Another New Jersey Tax Report (blog - John Bury / Burypensions)
• Borrowing Billions to Lower Chicago's Pension Debt? Emanuel's Finance Team Is Considering It. (Hal Dardick / Chicago Tribune)
• Rauh Testimony (3) Roadmap for Public Plans? (blog - John Bury / Burypensions)
• Graphic: The Rise of Pension Risk Transfers (Charles McGrath / Pensions & Investments)
• PENSION PULSE: Stock Market Entering Destructive Phase? (blog - Leo Kolivakis)

August 5, 2018

• WEEKEND SPOTLIGHT: The Woman Who Torpedoed San Diego's Proposition B Pension Reform Measure (Scott Lewis / Voice of San Diego)

August 4, 2018

• WEEKEND SPOTLIGHT: California State Supreme Court Orders Appeals Court Review of San Diego Pension Overhaul (Keeley Webster / The Bond Buyer)

August 3, 2018

• California State Supreme Court Rules San Diego Skipped Key Legal Step in Taking Pension Reform to Voters (David Garrick / San Diego Union-Tribune)
• San Diego's Pension Mess Just Got a Lot Messier. Now What? (editorial - San Diego Union-Tribune)
• State Supreme Court Rules Against San Diego Pension Reform (with audio - KPBS Midday Edition)
• California Supreme Court Rules Against San Diego Pension Cuts (Fox 5)
• San Diego Pension Battle Heads to Lower Court (ABC 10)
• California State Supreme Court Sides With Public Employee Union Over San Diego Pension Reform Measure (Sudhin Thanawala / Associated Press)
• Court: San Diego Mayor Broke Rules in Bid for Pension Reform (Bianca Bruno / Courthouse News Service)
• San Diego's Pension Initiative Required Union Input: Court (Joyce E. Cutler / Bloomberg)
• Big Win for San Diego Unions Against Former Mayor’s 2012 Pension Initiative (Messing Adam & Jasmine)
• Thousands of San Diego Employees Face Uncertainty After State Supreme Court Pension Case (Scott Lewis / Voice of San Diego)
• Sanders and DeMaio Talk of Teaming Up on Another San Diego Pension Measure (Michael Smolens / San Diego Union-Tribune)
• Los Angeles Mayor Eric Garcetti’s Pension Tsunami: What, Me Worry? (Jack Humphreville / CityWatch LA)
• It's Time Marin County Officials Face the Facts About Public Pensions (op-ed - Jody Morales / Marin Independent Journal)
• California Faces Crushing Pension Debt That Only Tax Hikes May Solve (column - Dan Walters / Times of San Diego)
• California's Pension Funds Can’t Afford Costly Political Statements (editorial - Press Democrat)
• EDITORIAL CARTOON: If California Teacher Pensions Are $100 Billion in Debt, Who Pays? (Tom Meyer / Press Democrat)
• Walnut Creek and Three Other Cities Dissolve Joint Staffing Agency in Wake of State Audit (Aaron Davis / East Bay Times)
• State Pensions Across the Country Are Headed for a Trainwreck (Caleb Garvin / Daily Forex Report)
• Why Government Workers Should Agitate for Public Pension Reforms (editorial - Las Vegas Review-Journal)
• Public Pensions Are a Disaster; Here’s a Fair Solution (Alex Bergstein & W. Gordon Hamlin Jr. / Forbes)
• Michigan Catching Up on State Employee Pension Debt; Progress Is Being Made, But Another $7.5 Billion Still Needed (James M. Hohman / Mackinac Center)
• Checking the Numbers: How Much Are Social Security Benefits? (blog - Mary Pat Campbell / STUMP)
• Rauh Testimony (2) Loan Program (blog - John Bury / Burypensions)
• PENSION PULSE: AIMCo and CPPIB's $1 Billion RE Venture? (blog - Leo Kolivakis)

August 2, 2018

• Chicago Budget Gap Shrinks Again, But Big Pension Debt Looms (Hal Dardick / Chicago Tribune)
• Chicago’s New Budget Document Shows City Finances 'Getting Better' (blog - Bill Bergman / Truth in Accounting)
• Chicago's Pension Funds: Annual Financial Analysis (City of Chicago)
• EDITORIAL CARTOON: Chicago Mayor Rahm Emanuel Narrowed Budget Debt (Scott Stantis / Chicago Tribune)
• Illinois Can't Spike Its Way Out of Pension Problem (Brett Rowland / Illinois News Network)
• Spotlight Danville, Illinois, My Home Town: Bankrupt (blog - Mike 'Mish' Shedlock / Mish Talk)
• Drowning in Debt: These States Are Approaching a Point of No Return (Matt Vespa / Townhall)
• Lower Return Assumption Trend Continues (Charles McGrath / Pensions & Investments)
• City Manager Proposes Fix for Troubled Fort Worth Pension Fund (Scott Gordon / NBC 5)
• What Does It Take to Be in the Top 1%? Not as Much as You Think (Frank Holmes / Forbes)
• Rauh Testimony (1) Riskless Rates (blog - John Bury / Burypensions)
• UPS Retirees Sue Feds Over Law That OKs Pension Cuts (Carmen Castro-Pagan / Bloomberg)
• Major League Baseball Retirement Equity Is an Issue of Social Justice (op-ed - Douglas J. Gladstone / Kansas City Star)
• PENSION PULSE: BCI Gains 9% in Fiscal 2018 (blog - Leo Kolivakis)

August 1, 2018

• San Mateo County Grand Jury on Pension Crisis: Time for Hard Choices (Climate Online Redwood City)
• Sacramento City Council Votes to Put Ambitious 1-Cent Sales Tax Plan on Ballot (Tony Bizjak / Sacramento Bee)
• State Officials Fire Back at Anti-Tax Group Over Lawsuit Targeting New California Retirement Plan (James Rufus Koren / Los Angeles Times)
• San Diego Council Sets Up Ballot Measure to Double the Salary for Council, Mayor (David Garrick / San Diego Union-Tribune)
• Teachers' Union Cheers Bill for Illinois to Fund More Pension Spiking (Mark Glennon / Wirepoints)
• Taxing Our Own Rich Folk Ain't Enough! Bail Us Out! (blog - Mary Pat Campbell / STUMP)
• UPS MPRA Lawsuit (blog - John Bury / Burypensions)
• PENSION PULSE: Exporting The CDPQ Infra Model? (blog - Leo Kolivakis)

July 31, 2018

• The Pension Hole for US Cities and States Is the Size of Japan's Economy (Sarah Krouse / Wall Street Journal)$$
• Three Cheers for the Los Angeles Times (Christopher Burnham / Forbes)
• As a Top Priority, Adelanto's New City Manager Plans Review of 'Bloated’ City Spending to Include Salaries (Shea Johnson / Daily Press)
• Raise Increases Cal Poly President's Base Salary to Nearly $430,000 (CalCoastNews)
• Illinois State, Local Pension News Getting Worse (column - Jim Dey / News-Gazette)
• Pensions Make Illinois Property Taxes Among Nation’s Most Painful (Orphe Divounguy, Bryce Hill, Joe Tabor / Illinois Policy)
• Why Illinois Mayors Have Little Control Over Pension Costs (Ted Dabrowski / Wirepoints)
• Who’s to Blame for Underfunded Pensions? (letter - Wall Street Journal)
• Settlement Agreement in Harvey Foreshadows Pension Crisis in Illinois (Adam Schuster & Joe Tabor / Illinois Policy)
• Connecticut Panel Grasps Pension Crisis After Years of Underfunding (Paul Burton / The Bond Buyer)
• US Rep. Richard Neal Touts Congressional Efforts to Address Multiemployer Pension Crisis (Shannon Young / Springfield Republican)
• PENSION PULSE: Canada's Pensions in Great Shape? (blog - Leo Kolivakis)

July 30, 2018

• The California Legislature Passes the Pension Buck – Again (column - Jon Coupal / Orange County Register)
• Redwood City Council to Ask Voters to Raise Sales Tax to Fund Pensions (Emily Mibach / Daily Post)
• Additional Taxes Are All About Public Employee Pensions (op-ed - Jim Hansen / Bakersfield Californian)
• Another Day, Another Tax or Fee Hike in California (column - Susan Shelley / Orange County Register)
• Defunct California Law Firm Deal Doesn't Settle Concerns on Police Union 'Playbook' (column - Steven Greenhut / Orange County Register)
• California Teacher Pension Debt Swamps School Budgets (Jessica Calefati / Ventura County Star)
• Rethinking California’s Highways as Public Utilities (op-ed - Robert Poole / Press-Enterprise0
• Connecticut Pension Commission Eyes Tapping State Assets to Shore Up Ailing Fund (Chris Butera / Chief Investment Officer)
• New Jersey's Acting Governor Has a Plan (blog - John Bury / Burypensions)
• Unsustainable: The Government Pension Pickle That Several States Are Facing (James Murphy / The New American)
• Actuarial Standards of Practice on Pensions: ASOP 4 - a Call for Comments (blog - Mary Pat Campbell / STUMP)
• The $36 Billion Multiemployer Pension Time Bomb Is Almost Ready to Go Off (Robert Romano / Daily Torch)
• Ohio Workers' Pension Fund Woes Are Symbolic of a National Problem (Mark Miller / Reuters)
• Tens of Thousands of Russians Protest Retirement Age Hikes (Jim Heintz / Associated Press)

July 29, 2018

• WEEKEND SPOTLIGHT: The California Legislature Passes the Pension Buck – Again (column - Jon Coupal / Orange County Register)

July 28, 2018

• WEEKEND SPOTLIGHT: Connecticut Pension Commission Eyes Tapping State Assets to Shore Up Ailing Fund (Chris Butera / Chief Investment Officer)

July 27, 2018

• Gov. Brown Asks California State Supreme Court to Speed Up Pension Cases Without Filling Key Vacancy (Beth Ruyak / Capital Public Radio)
• The Blue-State Housing Bubble (Michael Bargo, Jr. / American Thinker)
• Will California Schools Pass Their Tough Test on Pensions? (editorial - Sacramento Bee)
• Study: San Diego County's Pension Benefits Soar Four Times Higher Than Personal Income (Don Bauder / San Diego Reader)
• Camarillo Looking Beyond CalPERS for Pension Help (Cameron Kiszla / The Camarillo Acorn)
• Political Statements and Public-Employee Pensions (editorial - San Mateo Daily Journal)
• Pension Checks? Resolve Massachusetts State Police Legal Cases First (editorial - Boston Globe)
• 4 More Multiemployer Pension Funds Apply for Benefit Reductions (Hazel Bradford / Pensions & Investments)
• Four More Multiemployer Plans File (blog - John Bury / Burypensions)
• PENSION PULSE: Did Markets Just Get Facebooked? (blog - Leo Kolivakis)

July 26, 2018

• For Some Retired Wisconsin Public Employees, Retirement Is 'Like Winning the Lottery' (Matt Kittle / MacIver Institute)
• Wisconsin State Treasurer Highlights $1,000-Per-Day Benefit for One Public Retiree (Mark Sommerhauser / Wisconsin State Journal)
• Wisconsin State Treasurer Discusses State's Generous Pension Payouts (audio - MacIver Institute)
• California DMV Supervisor Unaware That Sleeping on the Job for 4 Years Straight Requires Disciplinary Action (Robert Fellner / Transparent California)
• Thousand Oaks, California City Council Okays $22 Million Payment to Target Pension Shortfall (Becca Whitnall / The Acorn)
• Pasadena Unified School District Contends With Ballooning Special Education Costs (Brian Day & David Cross / Pasadena Now)
• Know When People Are Crazy? (column - Chuck Doud / The Madera Tribune)
• How Public Sector Employers Are Reducing Their Pension Liabilities (Paula Aven Gladych / Employee Benefit News)
• Majority of New FDNY Retirees Receive Six-Figure Pensions (press release - Empire Center)
• New Commission to Consider Transfer of Connecticut State Assets to Pension Funds (Marc E. Fitch / Yankee Institute)
• US Senate Liberals Seek New Puerto Rico Debt Relief (Richard Cowan / Reuters)
• 10 Expenses That Grew 2 to 4 Times Faster Than Social Security's COLA Since 2000 (Sean Williams / The Motley Fool)
• Bailout Committee Hearing Stakeholders (Not Taxpayers) (blog - John Bury / Burypensions)
• PENSION PULSE: CalSTRS Gains 9% in Fiscal 2017-18 (blg - Leo Kolivakis)

July 25, 2018

• California's Pension Fund Earnings Are Up, But Crushing Debts Remain (column - Dan Walters / CALmatters)
• State Sen. John Moorlach Explains California's Financial Crisis to a Huntington Beach Town Hall Meeting (Fullerton Taxpayers)
• California's Public-Employee Pension Funds Don't Have the Luxury of Making Political Statements (editorial - Los Angeles Times)
• Governor Brown Takes Aim at the 'California Rule' (column - Pat Orr / Daily Press)
• California's Teachers Fare Better Than Many on Social Security (letter - San Jose Mercury News)
• California State University Trustees Approve Pay Raises for Executives With Six-Figure Salaries (Nanette Asimov / San Francisco Chronicle)
• California DMV Worker Slept on the Job for Three Years, Audit Says (column - Adam Ashton / Sacramento Bee)
• Harvey, Illinois Reaches Pension Fund Repayment Agreement; State to Cease Withholding Tax Revenues (Zak Koeske / Chicago Tribune)
• Illinois Group Warns Real Costs to Taxpayers Often Obscured From Government Budgets (Cole Lauterbach / Illinois News Network)
• Public Pension Well Running Dry (blog - Daniel A. White / WDEL Radio)
• Unfunded Pension Liabilities a Benefits Problem, Not Just a Funding Problem (blog - James A. Bacon / Bacon's Rebellion)
• New Connecticut Pension Sustainability Commission Meeting for First Time (Fox 61)
• Pension Funds Cannot Afford Sen. Bernie Sanders’ Tax on Financial Transactions (Kirsten Wegner / Pensions & Investments)
• Can You Trust the Social Security Trust Fund? (Charles Lewis Sizemore / Seeking Alpha)
• Understanding the Social Security Trust Funds (Center on Budget and Policy Priorities)
• Bailout Committee Hearing Stakeholders (blog - John Bury / Burypensions)
• Is Our Government Intentionally Hiding $21 Trillion in Spending? (Laurence Kotlikoff / Forbes)
• Around the Pension-O-Sphere: The 'Strong Men' of Venezuela and Russia Can Do Only So Much (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Behind the US Public Pension Crisis? (blog - Leo Kolivakis)

July 24, 2018

• Verdict on California's Prop 30 Tax Increase — Part II: Less Than 20% Went to Services, the Rest Went to Pensions (David Crane / Medium)
• Gov. Brown Has Joined One California Pension Fight. Here's Why He Should Add a Second. (editorial - San Diego Union-Tribune)
• Martinez City Council Is Set to Discuss Putting a Sales Tax Increase on the November Ballot (California News Wire Services / Martinez Patch)
• WSJ: CalPERS and CalSTRS Warn of Lower Investment Returns (F. McGuire / Newsmax)
• Connecticut Is Drowning in Debt. Should the Rest of Us Have to Pay? (Mitch Daniels / Washington Post)
• The Future of the US Looks a Lot Like Chicago (Conor Sen / Bloomberg Opinion)
• 15 Former Chicago Aldermen Collecting 6-Figure Pensions (Eddie Damstra / Illinois Policy)
• How AFSCME Sabotaged the Illinois Economy (Hilary Gowins / Crain's Chicago Business)
• Yes, Let's Expand Social Security -- to Public Sector Employees (Elizabeth Bauer / Forbes)
• No New Jersey Pension Fund Divestment (blog - John Bury / Burypensions)
• Taxing Tuesday: Let's Sue the Feds! (blog - Mary Pat Campbell / STUMP)
• Public Sector Pensions: The Parasite Devours Its Host (John Rubino / GoldSeek)
• Illinois State's 'Secure Choice' Private Retirement Plan Could Face Legal Challenge (Michael J. Bologna / Bloomberg BNA)
• 3 Reasons Increasing Social Security's Full Retirement Age Is a Tough Sell (Sean Williams / The Motley Fool)
• PBGC Data Tables (blog - John Bury / Burypensions)
• PENSION PULSE: Caisse, CPPIB Closing Huge Deals? (blog - Leo Kolivakis)

July 23, 2018

• California Teacher Pension Debt Swamps School Budgets (Jessica Calefati / CALmatters)
• California Teachers' $107 Billion Unfunded Pension Liability: Who’ll Pay (newsletter - Dan Morain / CALmatters)
• More Pension Math: CalPERS' and CalSTRS' Investment Earnings (David Crane / Medium)
• California's Teacher Unions Reap What They Sow With Unsustainable Pensions (Kerry Jackson / Fox & Hounds)
• Paso Robles City Council Votes to Put Sales Tax Hike on the November Ballot (CalCoastNews)
• San Diego May Accelerate Paying Off Pension Debt, Which Could Create Budget Woes (David Garrick / San Diego Union-Tribune)
• To Pay for Increased Fire Services, City of Ventura Looks to Cut Overtime (Arlene Martinez / Ventura County Star)
• Public Pensions Are Earning More Than 8%—That’s Unlikely to Go on Much Longer (Heather Gillers / Wall Street Journal)$$
• Another New Jersey Task Force (blog - John Bury / Burypensions)
• Public Pension Funds Must Not Divest From Reality (Paul S. Atkins / Pensions & Investments)
• State-Run Retirement Plans for the Private Sector Are the Wrong Way to Protect the Poor (Andrew G. Biggs / Washington Post)
• Should Poor People Save for Retirement? (Elizabeth Bauer / Forbes)
• New Study: The Public Pension Crisis Is Not the Result of Legislators' Failure to Fund (Elizabeth Bauer / Forbes)
• PENSION PULSE: From Trade War to Currency War? (blog - Leo Kolivakis)

July 22, 2018

• WEEKEND SPOTLIGHT: Paso Robles City Council Votes to Put Sales Tax Hike on the November Ballot (CalCoastNews)

July 21, 2018

• WEEKEND SPOTLIGHT HEADLINES:
• Caifornia's Teacher Unions Reap What They Sow With Unsustainable Pensions (Kerry Jackson / Fox & Hounds)
• State-Run Retirement Plans for the Private Sector Are the Wrong Way to Protect the Poor (Andrew G. Biggs / Washington Post)

July 20, 2018

• Jerry Brown Goes to Court for Kids; Seeks to Level Playing Field Against Self-Dealing Adults (David Crane / Medium)
• The California Rule: Cases Pending Before the California Supreme Court (webinar - Best Best & Krieger / JD Supra)
• Santa Ana City Council Puts Sales Tax Increase on November Ballot; Would Be Highest in Orange County (Nick Gerda / Voice of OC)
• Overpromising Has Crippled Public Pensions: A 50-State Survey (Ted Dabrowski & John Klingner / Wirepoints)
• Why Your Pension Is Doomed (editorial - Wall Street Journal)$$
• Why Your Pension Is Really Doomed (blog - John Bury / Burypensions)
• Anti-Labor Group Wants California Union to Hand $100 Million Back to State Workers (column - Adam Ashton / Sacramento Bee)
• Janus Clawback: Follow the Money (blog - Mary Pat Campbell / STUMP)
• Illinois' Financial Woes Can't Be Ignored (editorial - News-Gazette)
• As Connecticut Drowns in Public Pension Debt, One State Retiree Won’t Cost Taxpayers a Dime (Marc E. Fitch / Yankee Institute)
• New Jersey: Pandering for 2020 (blog - John Bury / Burypensions)
• Nancy Pelosi Coming to Michigan to Talk Multi-Employer Pensions at Detroit Town Hall (Lauren Gibbons / Mlive)
• PENSION PULSE: Meet PSP's New CIO? (blog - Leo Kolivakis)

July 19, 2018

• Janus Is Only the Beginning (Steven Greenhut / The American Spectator)
• Norco, California's Voters Could Be Asked to Approve a 1% Sales-Tax Increase (David Downey / Press-Enterprise)
• Transparent California Helps Uncover Massive Fraud in the Montebello School District (Transparent California)
• California State Workers Get Raises This Month. How Much Will Be in Your Paycheck? (Caitlin Chen & Adam Ashton / Sacramento Bee)
• Jeremy Gold Papers (blog - John Bury / Burypensions)
• How Have Pension Costs Hurt Teacher Pay? (Chad Aldeman / The 74 Million)
• Present Consequences of Unfunded Pension Liabilities and Ways Forward (Jeffrey Cheng & David Wessel / Brookings Institution)
• Why Didn’t Investors Demand Higher Yields for Buying Puerto Rican Government Bonds? (Joseph Figueroa & David Wessel / Brookings Institution)
• Lockheed Martin: Pension Problems Ahead? (Dylan Quintilone / Seeking Alpha)
• Seniors Block Venezuela Streets Demanding Pension Checks (Alex Vasquez / AFP)
• PENSION PULSE: Time To Divest From Fossil Fuels? (blog - Leo Kolivakis)

July 18, 2018

• San Mateo County Grand Jury Report Directs Cities to Address Dangerous Cost of Unfunded Pension Liabilities (Austin Walsh / San Mateo Daily Journal)
• READ THE REPORT: 'Soaring City Pension Costs - Time for Hard Choices' (pdf - San Mateo County Grand Jury)
• Marin County Promised Pension Benefits Up Nearly 1000%, Dwarfing Rate of Economic Growth (Transparent California)
• Jerry Brown to Supreme Court: Hurry Up and Hear My Pension Law Case (column - Adam Ashton / Sacramento Bee)
• Jerry Brown Pushes for Crucial Decision on California Pension Reform Before His Term Expires (editorial - Orange County Register)
• Why Pasadena City Hall Likes Asking You for a Sales-Tax Hike (Larry Wilson / Pasadena Star News)
• The Dust Has Cleared, So It’s Time to Analyze Janus Based on Reality Rather Than Rhetoric (Steven Greenhut / California Policy Center)
• New Jersey Constitutional Amendment to Undermine Gov. Murphy Some More (blog - John Bury / Burypensions)
• PENSION PULSE: Caisse Invests $250 Million In CRE Services? (blog - Leo Kolivakis)

July 17, 2018

• California's Prop 30: 100% of Schools' Share Went to Increased Pension Costs (David G. Crane / Medium)
• Public Employees Claim Injuries All Over Their Bodies for Big Payouts — But Continue Their Active Lives (Dolan, Menezes & Garcia-Roberts / LA Times)
• Pasadena City Council Approves Sales Tax Measure for November Ballot (Eddie Rivera / Pasadena Now)
• New York Unions Coming for My Tax Money (blog - Mary Pat Campbell / STUMP)
• Pension Perspective Breakdown in New Jersey (blog - John Bury / Burypensions)
• GOLDEN OLDIE: Some of the Richest Retirees Are 'Public Pension Millionaires' (Hal M. Bundrick / The Street)
• PENSION PULSE: Beware of the Flattening Yield Curve? (blog - Leo Kolivakis)

July 16, 2018

• If State Supreme Court Rules Against San Diego on Pensions, It Could Could Cost City Millions (David Garrick / San Diego Union-Tribune)
• Los Angeles County Fire Service Study Approved by Redondo Beach City Council (David Mendez / Easy Reader News)
• Jeremy Gold, Actuary Who Warned of Pension Crisis, Dies at 75 (Mary Williams Walsh / New York Times)
• Jeremy Gold Shook Up Pension World With Warnings About Risks (Heather Giller / Wall Street Journal)$$
• A 'Nonlinear' Life: R.I.P., Jeremy Gold (Mark Glennon / Wirepoints)
• RIP, Jeremy Gold: An Actuarial Memorial (blog - Mary Pat Campbell / STUMP)
• Jeremy Gold (blog - John Bury / Burypensions)
• Why Chicago's Reported Progress on Pensions and Finances Isn't Real (Mark Glennon / Wirepoints)
• Where Illinois’ Skyrocketing Pension Promises Came From (Ted Dabrowski & John Klingner / Wirepoints)
• Pension Woes Take Toll on Illinois Local Government Ratings (Yvette Shields / Source Media)
• New Illinois Program to Offer Private Sector Retirement Savings Plan ( Associated Press)
• Mississippi Public Pension Fund's Insatiable Appetite (editorial - Northside Sun)
• Wall Street Managers Have Cost Americans More Than $600 Billion Over the Past Decade (Dion Rabouin / Yahoo Finance)
• Update on Friday's Meeting of the Congressional Multi-Employer Pension Plans' Bailout Committee (blog - John Bury / Burypensions)
• Multi-Employer Pension Crisis Showdown Comes to Ohio (Mary Kuhlman / Cleveland Scene)
• Ohio Sheet Metal Workers Feeling Pension Pinch (Steven M. Grazier / Canton Repository)
• PENSION PULSE: Time To Get Defensive? (blog - Leo Kolivakis)

July 15, 2018

• WEEKEND: Update on Friday's Meeting of the Congressional Multiemployer Pension Plans' Bailout Committee (blog - John Bury / Burypensions)

July 14, 2018

• WEEKEND: If State Supreme Court Rules Against San Diego on Pensions, It Could Could Cost City Millions (David Garrick / San Diego Union-Tribune)

July 13, 2018

• Nearly 900% Increase in CalPERS Benefits Dwarfs Economic Growth, Taxpayers’ Ability to Pay (Transparent California)
• Is the Not-So-Golden State Actually Drowning in Debt? (Jack Humphreville / CityWatch LA)
• Understanding 'Calfire v. CalPERS' and the State of California (blog - Retirement Security Initiative)
• CalPERS Beats Earnings Target for Second Consecutive Year (Bryan Anderson / Sacramento Bee)
• Some Say Lodi Is Using Taxpayer Money to Push Sales Tax Measure (Danielle Vaughn / Lodi News-Sentinel)
• The Looming Retirement Crisis for Public and Private Employees (Joel Naroff / Philadelphia Inquirer)
• California’s Major Government Unions Collect at Least $900 Million Per Year (Edward Ring / California Policy Center)
• Former New York Pension-Fund Executive Sentenced to 21 Months in Prison (Justin Baer / Wall Street Journal)$$
• Multi-Employer Pension Rally Draws Thousands to Ohio Statehouse (Jackie Borchardt / Cleveland.com)
• PENSION PULSE: The Case For Change at OMERS? (blog - Leo Kolivakis)

July 12, 2018

• CalPERS CEO and Sen. John Moorlach to Talk About Socially Conscious Pension Investing Tonight (Matt Coker / OC Weekly)
• Chicago Police and Fire Pension Plans: Growing Flush or Going Broke? (blog - Bill Bergman / Truth in Accounting)
• Chicago City Audit Shows Improving Financial Picture, Declining Pension Obligation (Fran Spielman / Chicago Sun-Times)
• Mayor Emanuel Cuts Chicago Pension Debt, But Future Hits to Taxpayers Are Still Expected (Hal Dardick / Chicago Tribune)
• Assumptions Matter for Illinois Public Employee Pension Buyout (Olivia Gonzalez / Mercatus Center)
• Do or Die for Ohio Public Employee Unions (column - John Damschroder / Port Clinton News Herald)
• Moody’s Calls Minnesota's Pension Reform 'Far From a Cure All' (Chris Butera / Chief Investment Officer)
• Teacher Pensions, Explained in Less Than 3 Minutes (TeacherPensions.org)
• Social Security, Medicaid Rapidly Nearing Collapse (Louis Debroux / The Patriot Post)
• Bailout Committee Protest (blog - John Bury / Burypensions)
• PENSION PULSE: Bank of Canada Preparing For Next Crisis? (blog - Leo Kolivakis)

July 11, 2018

• The Court Tosses Blue States a Life Jacket (Arthur Laffer & Steve Moore / Wall Street Journal)$$
• Counterintuitive: Janus Can Be a Life Jacket for Blue States (blog - Charlotte Hays / Independent Women's Forum)
• Santa Barbara County Grand Jury Finds High Risk in Santa Maria, Lompoc Pension Plans (Mike Hodgson / Santa Maria Times)
• California, Socialists, and the Debt Bombs (Patrick Bobko / Townhall.com)
• Lake Forest 2018-19 Budget Pays Off Last of City Debt (press release - City of Lake Forest / Voice of OC)
• We Need to Start Talking About Post-Employment Benefits (Christopher Burnham / Forbes)
• We're Growing Older, Working Longer – and Costing More (Tim Sheehan / Fresno Bee)
• Multiemployer Pension Plans' Congressional Bailout Committee to Hear Current Workers and Retirees (blog - John Bury / Burypensions)
• Change to Actuarial Assumptions Not Reasonable for Multiemployer Plans, Says Segal Consulting (Rebecca Moore / PlanSponsor)
• PENSION PULSE: Japanese Pensions Rushing Into Alternatives? (blog - Leo Kolivakis)

July 10, 2018

• Sorry, But Police Unions Are Just as Troubling as Other Public-Sector Unions (Steven Greenhut / California Policy Center)
• Joint Resolution Passes California State Assembly, Aims to Increase Social Security Benefits for Public Sector Employees (Suryan Bhatia / Daily Califo
• Watsonville City Council to Consider Sending Hotel Tax Increase to Voters (Nicholas Ibarra / Santa Cruz Sentinel)
• New Jersey Republican Pension Focus (blog - John Bury / Burypensions)
• Sticking It to New Jersey, Banning Soda Taxes, and More (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Pennsylvania's Pension Fury? (blog - Leo Kolivakis)

July 9, 2018

• California's Local Governments Are Being Coy About Taxes and Pension Costs (column - Dan Walters / CALMatters)
• Marin County Pay Pact Raises Questions About Costs (editorial - Marin Independent Journal)
• Herald, California's Fire Department Borrows $460,000 to End CalPERS Contract (John Bays / Lodi News-Sentine)
• The Pension Plight of Bend, Oregon's Schools (editorial - Bend Bulletin)
• Pension Woes Are Hitting Home in Illinois (editorial - News-Gazette)
• Janus v. AFSCME and the Truth About Illinois Pensions in One Graphic (Ted Dabrowski & John Klingner / Wirepoints)
• Cook County Property Tax Bills Set to Increase by 5 Percent (Joe Barnas / Illinois Policy)
• City of Harvey’s Pension Liabilities Raise Questions on Municipal and State Responsibility (Zachary Christensen / Reason)
• Updating the 80% Funding Hall of Shame (blog - Mary Pat Campbell / STUMP)
• How Illinois' State-Run Private Retirement Program Works -- And Is It a Good Idea? (Bob Susnjara / Daily Herald)
• The Appropriateness of Keeping Segal in the Multiemployer Actuarial Business (blog - John Bury / Burypensions)
• PENSION PULSE: The Jobs Conundrum Continues? (blog - Leo Kolivakis)

July 8, 2018

• WEEKEND SPOTLIGHT HEADLINES:
• Janus Decision Opens Political Space for Reforms in Public Finance That Will Have to Happen (Holman W. Jenkins, Jr. / Wall Street Journal)$$
• Paso Robles Council Considering New Sales Tax Hike Initiative (Cal Coast Times)

July 7, 2018

• WEEKEND SPOTLIGHT HEADLINES:
• Welcome to the Real World, AFSCME (editorial - Quad-City Times)
• Inglewood Police Chief Is the Highest Paid in Southern California, Topping LAPD Chief and LA County Sheriff (Jason Henry / Pasadena Star News)

July 6, 2018

• PensionTsunami Is Taking a Break
• Transparency a Must for LA's Underfunded Pension Plans (Jack Humphreville / CityWatch LA)
• GOLDEN OLDIE: How to Become a (Public Pension) Millionaire (Andrew G. Biggs / American Enterprise Institute)

July 5, 2018

• Will History Record Illinois as a Failure of Democracy? (Mark Glennon / Wirepoints)
• The Media’s Coverage of Retirement Saving Really Is Terrible (Andrew G. Biggs / Forbes)

July 4, 2018

• The Declaration of Independence Was More Radical Than Any of the Men Who Signed It (Jay Cost / National Review)

July 3, 2018

• PensionTsunami Takes a Holiday (blog - Jack Dean / PensionTsunami.com)
• Budget Reserve Change Aims to Make Manteca More Responsive (Dennis Wyatt / Manteca Bulletin)
• The Fiscal Firebomb Looming for Small Cities in Illinois (column - Frank Shafroth / Governing)

July 2, 2018

• California's Cities and School Districts Can't Keep Up With Rising Public Pension Costs (Allysia Finley / Wall Street Journal)$$
• Oakland's $860 Million Unfunded Retiree Healthcare Crisis (Rockridge Patch)
• Facing a $461 Million Unfunded Pension Liability, Santa Monica to Hire Consultant on Paying It Down (Jorge Casuso / Santa Monica Lookout)
• Port Hueneme City Council to Consider Putting Sales Tax Increase on November Ballot (Arlene Martinez / Ventura County Star)
• Chico, California Hopes New Fund Will Combat Pension Woes (Dani Anguiano / Chico Enterprise-Record)
• Chico's Pension Trust Fund Can Work (editorial - Chico Enterprise-Record)
• Marin County Employee Strike Averted With Three-Year Labor Deal (Lauren Hernandez / San Francisco Chronicle)
• Marin County Union Exec Rollie Katz Deletes Nasty Website Message He Posted in May Attacking Pension Reformers (Marin Association of Public Employees)
• Public Unions Have No Business Existing: Even FDR Said That (blog - Mike Shedlock / Mish Talk)
• Cities Raise Fees Dramatically (column - Neil Rubenstein / Culver City Observer)
• Pensions, Retiree Health Benefits, and Your City’s Bond Rating (guest commentary - Les Richmond / National League of Cities)
• Unfunded Promises (John Mauldin / Mauldin Economics)
• Drivers of Public Plan Underfunding (blog - John Bury / Burypensions)
• New Jersey Shutdown Derailed; Breakdown on Track (blog - John Bury / Burypensions)
• Around the Pension-O-Sphere: Divestment, Janus, and More (blog - Mary Pat Campbell / STUMP)
• Public Agencies in Mississippi Will Have to Spend $100 Million More on Pensions (Jeff Amy / Associated Press)
• Kentucky Retirement Systems: A Case Study of Politicizing Pensions (Christopher Burnham / Forbes)
• Failing Central States Pension Fund Threatens Thousands of Retired Truckers (Isaac Guerrero / Transport Topics)
• PENSION PULSE: Jawboning the Fed? (blog - Leo Kolivakis)

July 1, 2018

• WEEKEND SPOTLIGHT: Facing a $461 Million Unfunded Pension Liability, Santa Monica to Hire Consultant on Paying It Down (Jorge Casuso / Lookout)

June 30, 2018

• WEEKEND SPOTLIGHT: Oakland's $860 Million Unfunded Retiree Healthcare Crisis (Rockridge Patch)

June 29, 2018

• States, Cities Win Edge in Pension War With Supreme Court Ruling (Elizabeth Campbell & Michelle Kaske / Bloomberg)
• GRAPHIC: Unfunded Pension Liabilities Soared After Wall Street Meltdown in 2008 (Federal Reserve / Bloomberg)
• Tensions Rise for Local Leaders Trying to Fund Pensions (Anita Yadavalli / National League of Cities)
• Some States Trying to Fix Pension Liabilities -- But Not Going Far Enough, Report Says (Marlene Satter / BenefitsPro)
• Marin Taxpayer Group Launches Online Petition to Fight County Union's Strike and Pay Hike Demands (Coalition of Sensible Taxpayers)
• Herald Fire Protection District to Be 'Free and Clear' of CalPERS (Bonnie Rodriguez / The Galt Herald)
• A Study by Los Angeles County Would Explore Replacing the Redondo Beach Fire Department With L.A. County Fire Services (David Mendez / Easy Reader New
• Victims' Families Urge California to End Gun Investments (Athleen Ronayne / KOAM-TV)
• How Public Employee Unions Will Attack the Janus Ruling (Edward Ring / California Policy Center)
• New Jersey Shutdown Watch (blog - John Bury / Burypensions)
• Court Action Delays Increase in Kentucky's Pension Costs - for Now (Lawrence Smith / WDRB)
• New Pension Plan for Future Kentucky Teachers Is Imperative (op-ed - Jim Waters / State Journal)
• PENSION PULSE: OPTrust vs BCI on Climate Change? (blog - Leo Kolivakis)

June 28, 2018

• 'Fair Share' Union Fees Struck Down in Janus Decision, Delivering Blow to California Labor (column - Adam Ashton / Sacramento Bee)
• READ THE DECISION: Janus v. AFSCME (Supreme Court of the United States)
• Supreme Court Rules Against Unions: How Labor Decision Will Affect Union Pay, Benefits (Paul Davidson & Nathan Bomey / USA Today)
• Janus v. AFSCME Decision (blog - John Bury / Burypensions)
• SCOTUS Doings: Public Employee Union Dues and Justice Kennedy Retiring (blog - Mary Pat Campbell / STUMP)
• With Janus, California Public Employees Are Free From Union Shakedowns, Finally (op-ed - Will Swaim / Sacramento Bee)
• Janus v. AFSCME a Win for Taxpayers and Workplace Freedom (editorial - Orange County Register)
• California Court Rejects Suit Against Sonoma County Pensions (Rollie Atkinson / Sonoma West)
• Sonoma County Workers to Get 8 Weeks of Paid Parental Leave in New Contract (J.D. Morris / Press Democrat)
• Big Soda's Big Play to Block More Local Government Taxes on Pop (column - Daniel Borenstein / Mercury News)
• Soda Tax Ban, Pension Taxes, and Future Tax Wars (Joel Fox / Fox & Hounds)
• Modesto Prudent With Budget as It Faces Rising Pension Costs (Kevin Valine / Modesto Bee)
• Martinez, California City Council to Hear Options for November Sales Tax Measure (Donna Beth Weilenman / Martinez News-Gazette)
• Vacaville Council Passes Budget, Calls for More to Be Done to Repair Streets (Ian Thompson / Daily Republic)
• 'Totally Exhausted': Santa Maria Dips Into Reserve Funds to Balance Budget (Spencer Cole / Santa Maria Sun)
• Butte County Budget Balanced, But Deficit Fast Approaching (Ashiah Scharaga / Chico News & Review)
• Three Massachusetts State Troopers Arrested in Overtime Fraud Probe (Shelley Murphy & Andrea Estes / Boston Globe)
• PENSION PULSE: Is Your Pension Cyber-Secure? (blog - Leo Kolivakis)

June 27, 2018

• Santa Ana City Council Seeks Sales Tax Increase; Fiscal Crisis Attributed to Sharply Growing Costs for Salaries, Benefits (Nick Gerda / Voice of OC)
• Moraga Pension and Legal Costs Soar, Service Cuts Continue (Nick Marnell / Lamorinda Weekly)
• California's Pension Crisis (editorial - Bob Cook / Fox 11 Los Angeles)
• Marin County's Public Employees Call a 3-Day Strike During County Fair (Marin Independent Journal)
• Marin County Prepares for Labor Strike Starting July 1 (press release - County of Marin)
• California Elected Officials Get a Pay Raise (Bryan Anderson / Sacramento Bee)
• California Prison Guards Approve One-Year Contract With a 5% Raise (column - Adam Ashton / Sacramento Bee)
• P&I Multiemployer Bailout Editorial Responses (blog - John Bury / Burypensions)
• Stop Politicizing Pensions (op-ed - Christopher Bancroft Burnham / New York Daily News)
• Teacher Pension Funding Drives Spending Increase in Walker County, Georgia (Tyler Jett / Times Free Press)
• Kentucky's GOP Leaders: Law Giving Cities Pension Relief Could Be Struck Down Too (Tom Loftus & Morgan Watkins / Louisville Courier Journal)
• How Hawaii Governor Candidates Would Handle Burgeoning Pension Debt (Stewart Yerton / Honolulu Civil Beat)
• Rhode Island Governor Signs Law to Facilitate Settlements in Suits Over Failed St. Joseph’s Pension Fund (Katherine Gregg / Providence Journal)
• Reports: Newspaper Edition Seized for Covering Unpopular Russian Pension Reform (Moscow Times)
• Union-Led Protests Against Russia's Pension Reform Approved in 30 Cities (Moscow Times)
• PENSION PULSE: OTPP and IMCO Beef Up Senior Ranks? (blog - Leo Kolivakis)

June 26, 2018

• Grand Jury Finds Santa Barbara-Area Pension Systems at Risk of Being Unsustainable (Giana Magnoli / Noozhawk)
• Marin Association of Public Employees' Attempt to Extort Marin County Taxpayers (blog - Bob Silvestri / The Marin Post)
• Chico Area Recreation and Park District to Follow City’s Lead on Pensions (Laura Urseny / Chico Enterprise-Record)
• California Schools Have More Money, So Why the Financial Distress? (David Crane / Fox & Hounds)
• Raises for Cops in Methuen, Massachusetts Are Astronomical; Five Captains Stand to Each Make a Whopping $432,295/yr (Michael Levenson / Boston Globe)
• S5 Passes New Jersey Legislature (blog - John Bury / Burypensions)
• New Jersey Pension Payment on Budget Block Again? (blog - John Bury / Burypensions)
• Taxing Tuesday: Tax ALLLL the Internet! and New Jersey Puts Out Dumbass Idea (blog - Mary Pat Campbell / STUMP)

June 25, 2018

• Teachers in Oakland Among Others Pushing for Pay Raises From California Districts in Fiscal Crisis (Theresa Harrington / EdSource)
• Would Sacramento's Proposed Sales Tax Increase Go to Pensions, Salaries? (column - Ryan Lillis / Sacramento Bee)
• Public Deserves to Know Costs of Marin County's Pay Pact Proposals (editorial - Marin Independent Journal)
• It's Not Fair for Marin County Taxpayers to Finance Wage Hikes (letter #6 - Jody Morales / Marin Independent Journal)
• City of Davis and Yolo County Respond to Grand Jury Reports (Anne Ternus-Bellamy / Davis Enterprise)
• With a Trillion Dollars of Unfunded Pension Obligations, California's Budget Process Should Worry Every Taxpayer (Jon Coupal /Orange County Register)
• With Court Case Looming, California Unions Pack State Budget With Labor Goodies (column - Adam Ashton / Sacramento Bee)
• $24.3 Million in the Red, Sacramento City Unified District Cuts Its Newly Launched Summer Program (Julia Sclafani / Sacramento Bee)
• Santa Paula Approves Budget With Sales Tax, In-Lieu Fees; Forecast Projects a Deficit by 2020-21 (Arlene Martinez / Ventura County Star)
• A Glimpse Into Oroville’s 2018-2019 Budget (Risa Johnson / Chico Enterprise-Record)
• San Marcos School Board Passes $227 Million Budget, Avoids Shortfalls (Deborah Sullivan Brennan / San Diego Union-Tribune)
• Simi Valley City Council Passes $72 Million Operating Budget for 2018-19 (Mike Harris / Ventura County Star)
• Growing Public Employee Benefits to Force School Cuts (blog - Craig Eyermann / Independent Institute)
• Is Los Angeles Unified School District Too Big to Fail? (column - Dan Walters / CALmatters)
• States Take Action to Ease Pension Funding Dilemma (Pensions & Investments)$$
• US State Reforms Not Enough to Solve Pension Problem, Says Fitch Ratings (Laila Kearney / Reuters)
• A Particularly Foolish Pension Article by Somebody Who Should Know Better (Mark Glennon / Wirepoints)
• Wirepoints Founder Thinks Pension Bonds Won't Fix Streator's Problem (Kyla Asbury / Prairie State Wire)
• Another Whack at Illinois Pension Spiking. Good. (editorial - Chicago Tribune)
• Mornings with Meep: Gathering Info and Around the Pension-O-Sphere (blog - Mary Pat Campbell / STUMP)
• New Jersey Lawmakers Once Again Moving Quickly to Boost Pensions for Some of Their Own (Catherine Carrera / NorthJersey)
• New Jersey Policy Group (4) Selling State for Pensions (blog - John Bury / Burypensions)
• Kentucky Pension Reform Law Ruling: Who Wins and Who Loses? (Thomas Novelly / Louisville Courier Journal)
• Major Hedge Fund Tells Kentucky Retirement Systems to Take Its $68 Million and Leave (John Cheves / Herald-Leader)
• New Mexico Pension Board for Educators OKs Big Raises for Top Executives (Dan McKay / Albuquerque Journal)
• GAO on PBGC (blog - John Bury / Burypensions)
• PENSION PULSE: Another Dangerous Tech Mania? (blog - Leo Kolivakis)

June 24, 2018

• WEEKEND SPOTLIGHT: City of Davis and Yolo County Respond to Grand Jury Reports (Anne Ternus-Bellamy / Davis Enterprise)

June 23, 2018

• WEEKEND SPOTLIGHT: It's Not Fair for Marin County Taxpayers to Finance Wage Hikes (letter #6 - Jody Morales / Marin Independent Journal)

June 22, 2018

• ADDED THIS MORNING: Would Sacramento's Proposed Sales Tax Increase Go to Pensions, Salaries? (column - Ryan Lillis / Sacramento Bee)
• Santa Barbara County Grand Jury Finds Local Public Pensions in Peril (edhat)
• Proposed Lodi Sales Tax Increase to Be on Ballot (Danielle Vaughn / Lodi News-Sentinel)
• Moorpark School District Budget Looks Good for Now (Christina Cox / The Acorn)
• As Flood of Baby Boomers Retire, Sacramento County Struggles to Start Sending Pension Checks on Time (Kellen Browning / Sacramento Bee)
• Connecticut City Pensions: The Affordability Gap (Stephen Eide / Manhattan Institute)
• Illinois Pension Crisis Grows as Politicians Do Nothing (Dan McCaleb / Illinois News Network)
• New Jersey Policy Group (2) Pension Suggestions (blog - John Bury / Burypensions)
• New Jersey Policy Group (3) Merging Municipalities (blog - John Bury / Burypensions)
• Kentucky Pension Bill Ruled Unconstitutional (WBKO 13)
• Trump Administration’s Proposals Target Federal Employee Retirement Programs (Erich Wagner / Gov Exec)
• Could Diocese of Providence Declare Bankruptcy? Receiver for St. Joseph Pension Fund Alleges Massive Fraud (GoLocalProv)
• Why Many Companies Should Terminate Defined Benefit Plans (commentary - Joe Rankin / Pensions & Investments)
• PENSION PULSE: BlackRock's Pan-European Pension Push? (blog - Leo Kolivakis)

June 21, 2018

• Marin Union Votes to Strike Despite Having Wages Higher Than 99% of Counties Nationwide (Robert Fellner / Transparent California)
• Pensions Cause Tensions (column - Charles Andrews / Santa Monica Daily Press)
• Redwood City's Budget Woes Are Real (Mark Simon / Climate Redwood City)
• GRAND JURY REPORT: The Looming Crisis of Yolo County City Pension and Retirement Medical Costs (pdf - Yolo County Grand Jury)
• California Legislators and Unions Are Pre-Emptively Undermining the Court (Steven Greenhut / The American Spectator)
• They Made How Much? Watchdog Group Notes Public Employee Pay in Southern California (Jeff Horseman / Press-Enterprise)
• Chico City Council Approves Pension Trust (Ashiah Scharaga / Chico News & Review)
• Pending Bill Would Expand Pension 'Intercept' to Illinois University System (Mark Glennon / Wirepoints)
• Average Chicago Homeowner to Pay $110 More in Property Taxes This Year (Hal Dardick / Chicago Tribune)
• Kentucky Judge Strikes Down New Pension Overhaul Law (Bruce Schreiner / Associated Press)
• Hedge Fund Advice Didn't Wreck Kentucky Pension System, Advisers Say (Tom Loftus / Louisville Courier Journal)
• New Jersey Policy Group (1) – Why (blog - John Bury / Burypensions)
• Minnesota Pension Legislation Overcomes Partisan Divide (Yvette Shields / The Bond Buyer)$$
• Russian Retirement Age Raised Past Death? Let Me Actuary-splain... (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Private Equity's Diversity Problem? (blog - Leo Kolivakis)

June 20, 2018

• Yolo County Grand Jury Says Pension Debts Are Creating a Crisis (Jim Smith / Woodland Daily Democrat)
• See the 100 Highest Pensions in the CalPERS and CalSTRS Systems (Phillip Reese / Sacramento Bee)
• CalPERS Votes to Pay Next Investment Chief Up to $1.77 Million (John Gittelsohn / Bloomberg)
• Santa Maria Council Adopts Two-Year Budget, Uses Reserve Funds to Cover Deficit Caused by Pension Costs (Razi Syed / Santa Maria Times)
• Manteca School District Dipping Into Reserves for $7.2 Million to Balance Budget (Dennis Wyatt / Manteca Bulletin)
• New New Jersey Pension Laws With Another Gimmick? (blog - John Bury / Burypensions)
• Retired Ohio Teachers Lose Cost of Living Allowance, Plan Protest (Laura A. Bischoff / Dayton Daily News)
• Court Upholds Jacksonville Half-Cent Pension Sales Tax (News4Jax)
• Please Stop Suing the People Trying to Solve Kentucky’s Biggest Financial Challenge (John R. Farris / The Lane Report)
• Mapping Tax Cuts and Laughing at Seattle (blog - Mary Pat Campbell / STUMP)
• My Lazy Summer as a Public Employee (Jason L. Riley / Wall Street Journal)
• Roman Catholic Bishop of Providence, Hospital Operators Accused in Pension Lawsuit (Lynn Arditi / NPR)
• The New Retirement Reality for the Private Sector (Martha Brown Menard / 401k Specialist)
• PENSION PULSE: CalPERS Gears Up CalPERS Direct? (blog - Leo Kolivakis)

June 19, 2018

• Metropolitan Transportation Commission Considers Risky Scheme to Reduce Pension Debt (column - Daniel Borenstein / San Jose Mercury News)
• Marin County Public Employees' Union Authorizes Strike (Richard Halstead / Marin Independent Journal)
• California Gets a Grade of 'F' From Truth in Accounting (Chriss Street / Breitbart California)
• NEW REPORT: The Financial State of California: 'Surpluses' Result in $269.9 Billion of Debt (Truth in Accounting)
• Lodi, California City Council to Mull Placing Sales Tax Issue on Ballot (Danielle Vaughn / Lodi News-Sentinel)
• Budget Takes Aim at Pension Costs in Palo Alto, California (Gennady Sheyner / Palo Alto Weekly)
• Belmont, California Charts Long-Term Strategies for Tackling Unfunded Pension Obligation (Zachary Clark / San Mateo Daily Journal)
• New Jersey Budget Mess: Time to Hike Pensions (blog - John Bury / Burypensions)
• Florida Doesn't Have Enough Money to Pay Its Bills, Mostly Due to Underfunded Pensions (Danny McAuliffe / Florida Politics)
• Pension and Medicaid Pressures Drive New Mexico Downgrade (Richard Williamson / The Bond Buyer)$$
• Enough About Social Security: for Some, Pensions Are the More Immediate Issue (Margarida Correia / Financial Planning)
• PENSION PULSE: The Great Pension Train Wreck? (blog - Leo Kolivakis)

June 18, 2018

• The Pension Train Has No Seat Belts (John Mauldin / Mauldin Economics)
• Jerry Brown, 'California Dreamin,' About to Face Costly Reality Check (Joe Guzzardi / Noozhawk)
• No Drama, No Debate on California's State Budget (David Little / Chico Enterprise-Record)
• Not Everything Balanced in 2018-19 California Budget (editorial - Santa Cruz Sentinel)
• CalPERS' Board and Committee Meetings Are June 18-20 (California Public Employees' Retirement System)
• Projecting a Surplus, Carlsbad City Council Tackles $185 Million Pension Debt (Steve Puterski / Coast News)
• Baby Boom, Baby Bust, Birth Dearth (Jim Glynn / Madera Tribune)
• Around the Pension-O-Sphere: MEPs, Illinois, and Divestment (blog - Mary Pat Campbell / STUMP)
• Coronado's Got a Year's Worth of Cash on Hand -- and Then Some (Gustavo Solis / San Diego Union-Tribune)
• Study: Some Public Pensions Funds Could Run Dry in Downturn (Geoff Mulvihill / Seattle Times)
• New Mexico Lawmakers Tie Pension Shortfall to Fewer State Employees (Andrew Oxford / Santa Fe New Mexican)
• In Lowell, Massachusetts, the Road to Retirement Is Paved With Gravy (Christopher Scott / Lowell Sun)
• NJCPA on NJTV on NJ Pensions (blog - John Bury / Burypensions)
• Puerto Rico Pensioners Are Facing Devastating Effects of Bankruptcy (op-ed - Miguel Fabre Ramirez / The Hill)
• Clintons, Obamas Hit New Heights in Presidential Profiteering (Sentinel & Enterprise)
• The Financial Hole for Social Security and Medicare Is Even Deeper Than the Experts Say (James C. Capretta / MarketWatch)
• Medicare's Big Challenges Threaten Seniors and Taxpayers Alike (op-ed - Robert E. Moffit / Orange County Register)
• PENSION PULSE: Who's to Blame For Bumpy Markets? (blog - Leo Kolivakis)

June 17, 2018

• WEEKEND SPOTLIGHT: The Pension Train Has No Seat Belts (John Mauldin / Mauldin Economics)
• WEEKEND SPOTLIGHT: The Financial Hole for Social Security and Medicare Is Even Deeper Than the Experts Say (James C. Capretta / MarketWatch)

June 16, 2018

• WEEKEND SPOTLIGHT: Projecting a Surplus, Carlsbad City Council Tackles $185 Million Pension Debt (Steve Puterski / Coast News)

June 15, 2018

• Pension, Labor Costs Loom as Santa Barbara Council Set to Approve $360 Million Budget (Joshua Molina / Noozhawk)
• Hermosa Beach Council Wary of Future Shortfall Posed by Rising Pension Costs as It Approves Annual Budget (Ryan McDonald / Easy Reader News)
• Scotts Valley's City Budget Approaches a Fiscal Cliff (Patrick Dwire / Press-Banner)
• Formerly Bankrupt Stockton Is Fiscally Healthy Again, But Offers Warning to Others (Steven Greenhut / California Policy Center)
• LAUSD's Fiscal Crisis Can’t Be Blamed on Charter Schools or Declining Enrollment (op-ed - Lisa Snell / Los Angeles Daily News)
• NEW STUDY: A 2018 Evaluation of LAUSD's Fiscal Outlook: Revisiting the Findings of the 2015 Independent Financial Review Panel (Reason Foundation)
• Infographic: Los Angeles Unified School District's Financial Outlook (pdf - Reason Foundation)
• Why LA Unified School District May Face Financial Crisis Even With a Giant Surplus This Year (Jessica Calefati / CityWatch LA)
• Public Pensions Need to Consider That Beneficiaries Are Living Longer (Christopher Burnham / Forbes)
• America's Entitlement Crisis Just Keeps Growing (Michael Tanner / National Review)
• The Multiemployer Pension Crisis (Aliya Wong / The Hill)
• Joint Congressional Bailout Committee Hears From Employers (blog - John Bury / Burypensions)
• Witnesses Warn Congressional Panel of Looming Pension Crisis (Jessica Wehrman / Canton Rep)
• PENSION PULSE: Ontario's New Kid on the Block? (blog - Leo Kolivakis)

June 14, 2018

• Los Angeles Unified School District Faces Insolvency Largely Because of Pensions and Retiree Health Care Costs (Marc Joffe / Reason)
• Nevada County Grand Jury Report: Retirement Plans to Tally $336 Million in Unfunded Pensions (The Union)
• READ the Nevada County Grand Jury Report: 'Will the Public Suffer Because of Unfunded Pension Liabilities?'
• California's State Budgets Represent a Seemingly Unstoppable Rise in Government Spending (column - George Skelton / Los Angeles Times)
• Visalia's Proposed Two-Year Budget Shows Surpluses for the Next Two Years, But Deficits Are Looming on the Horizon (Reggie Ellis / Sun-Gazette)
• IMRF Enters the Pension Intercept Mess: Implications for Hundreds of Illinois Towns and Cities (Mark Glennon / Wirepoints)
• CalPERS Seeks Ideal Pay Formula (Sarah Rundell / Top 1000 Funds)
• Peoria Hit With 'Perfect Storm' of Costs; Must Temporarily Shutter Fire Engine (Cole Lauterbach / Illinois News Network)
• Labor's Last Best Weapon: Lying (blog - John Bury / Burypensions)
• PENSION PULSE: PSP Investments Gains 9.8% in Fiscal 2018 (blog - Leo Kolivakis)

June 13, 2018

• Retiring California Teachers Will Earn More Than Working Teachers in 24 States (Mike Antonucci / LA School Report)
• A Few Teachers Get Really Nice Pensions. But More Than Half Get No Pension at All. (Andrew Rotherham & Chad Aldeman / Democracy Journal)
• Corona Cuts 17 Vacant Police Positions — Including 6 Officer Jobs — in New Budget as City Has to Pay More to CalPERS (Shane Newell / Press-Enterprise)
• Pleasanton City Council OKs $28 Million Trust Investment to Address Rising Pension Costs (Jeremy Walsh / Pleasanton Weekly)
• Grand Jury: Santa Cruz County Should Use More Data to Drive Budget, Transparency (Nicholas Ibarra / Santa Cruz Sentinel)
• State Pension Funding Is a Problem — Does Texas Have a Solution? (Kirsten Schmitz / TeacherPensions.org)
• Report: Connecticut's Pension Costs Still Could Reach 'Unaffordable' Levels (Keith M. Phaneuf / CT Mirror)
• Wisconsin Wednesday: Is Contribution Growth Moderate? (blog - Mary Pat Campbell / STUMP)
• Colorado Is Cutting Teacher Retirement Benefits. Again. (Chad Aldeman / TeacherPensions.org)
• 3 Questions on State Bankruptcy (Jennifer Burnett / Council of State Governments)
• Social Security Projections: When Current Law Is Contrary to Current Law (blog - Bill Bergman / Truth in Accounting)
• A Major League Pension Error: Baseball Should Do Right by Those Who Played Before 1980. (Mike Stenhouse / Wall Steet Journal)
• Another MPRA Approval Vote: Alaska Ironworkers Pension Plan of Anchorage (blog - John Bury / Burypenions)
• Hospital System Pension Plan Members Urge OK of $62 Million Deal (Emily Brill / Law360)
• Class Conflict on Campus (Michael Bargo, Jr. / American Thinker)
• PENSION PULSE: CPPIB Issues Green Bonds? (blog - Leo Kolivakis)

June 12, 2018

• Despite Wages That Rank in the Top 1% Nationwide, Marin Union Considers Striking (Robert Fellner / Transparent California)
• California's Prison Guards Score Again (David Crane / Fox & Hounds)
• It’s Time to Rethink America's Failing Highways (Robert Poole / National Review)
• Should We Continue to Count on Employers for Retirement Provision? (Elizabeth Bauer / Forbes)
• GOLDEN OLDIE: Actuaries Deal With Political Reality of Pension Questions (Frank Keegan / Watchdog.org)
• The 'Father of the 401(k),' Has Some Thoughts About His Creation—and How to Fix It (Ben White / Politico)
• How Do I Tax Thee? (blog - John Bury / Burypensions)
• PENSION PULSE: OMERS Reviewing Its Indexing Policy? (blog - Leo Kolivakis)

June 11, 2018

• CalPERS Tops Meeting List of Tough Issues Facing Solano County Supervisors (Todd R. Hansen / Daily Republic)
• Sm.a.r.t: Santa Monia Residents and the Pension Crisis (op-ed - Laurence Eubank & Dominic Gomez / Santa Monica Mirror)
• Santa Cruz, California Looks to Long-Term Liability With $8 Million Public Pension Payoff (Jessica A. York / Santa Cruz Sentinel)
• Los Angeles' Unbalanced Budget: City Hall Stealing From Our Kids! (Jack Humphreville / CityWatch LA)
• The Harvey Fallout: Are Illinois Public Safety Pension Trustees Protecting Police and Firefighters? (Ted Dabrowski & John Klingner / Wirepoints)
• Harvey Revenue Agreement Highlights Need for Pension Reform – or Municipal Bankruptcy (Joe Tabor / Illinois Policy)
• Bankruptcy for Illinois Comes Up Again: Some Background (Mark Glennon / Wirepoints)
• Report: Lakemoor, Illinois Police Pension Fund Gained $1,000 in Investment Income in 2016 (Lake County Gazette)
• Connecticut Wants to Borrow $500 Million. In Return, It Promises Thrift (Heather Gillers / Wall Street Journal)
• Tension Over Fort Worth's Pension Continues to Mount as Time Ticks Away for a Solution (Sandra Baker / Star-Telegram)
• Colorado Credit Rating Stable After Pension Reform (San Francisco Chronicle)
• What Exactly Is a Fiscal Crisis? When Does It Happen?(blog - Mary Pat Campbell / STUMP)
• State Borrowing to Finance Employee Pension Buyouts Will Only Fuel Equity Bull Market, an Analyst Says (Julie Segal / Institutional Investor)
• Lawmakers Plan Hearings for Bill to Raise Social Security Benefits, Payroll Taxes (Melanie Waddell / Think Advisor)
• Actuaries Respond to Congress on Multiemployer Plans (blog - John Bury / Burypensions)
• 'Life-Changing Issue': Union Workers, Retirees Call for Action to Preserve Pension Benefits Business (Nina Moini / Minnesota Public Radio) /
• Millions of Americans Don't Think They Will Ever Retire (Matthew Rocco / Fox Business)
• PENSION PULSE: The Economy's Wile E. Coyote Moment? (blog - Leo Kolivakis)

June 10, 2018

• WEEKEND SPOTLIGHT: SM.a.r.t: Residents and the Pension Crisis (op-ed - Laurence Eubank & Dominic Gomez / Santa Monica Mirror)

June 9, 2018

• WEEKEND SPOTLIGHT: Connecticut Wants to Borrow $500 Million. In Return, It Promises Thrift (Heather Gillers / Wall Street Journal)

June 8, 2018

• Sonoma, California Is Walking Straight Into Bankruptcy (editorial - Sonoma Valley Sun)
• Los Angeles Unified School District's Grim Financial Outlook (editorial - Los Angeles Times)
• Where Will Revenue From Sacramento's Proposed Sales Tax Increase Go? (Kelly Ryan / CBS Sacramento)
• Illinois Is Better Off Bankrupt (John Merrifield & Barry Poulson / Real Clear Policy)
• Illinois Quickie: Pension Benefit Growth Rate (blog - Mary Pat Campbell / STUMP)
• Harvey Cuts Deal for $1.3 Million in Withheld Taxes, Escapes Financial Crisis for Now — But City Still Owes Millions (Zak Koeske / Daily Southtown)
• Agreement Wins City of Harvey Temporary Respite in Fight With Pension Funds, State Over Sales Tax Dollars (Jonathan Bilyk / Cook County Record)
• In Illinois, New Budget Caps Raises and Limits Pensions for Teachers (Sarah Schwartz / Education Week)
• Fired Aide to Illinois House Speaker in for 6-Figure Public Pension (Dave McKinney / WBEZ Radio)
• Inaction Only Worsens Illinois' Pension Crisis (editorial - Commercial-News)
• Fossil Fuel Divestment Would Make Illinois’ Pension Crisis Even Worse (Stephanie Trussell / Chicago Sun-Times)
• Why Nashville Should Not Be Like Stockton, California (op-ed - Carol Swain / Tenneseean)
• New Mexico Public Pension Fund Foresees Headwinds (Associated Press)
• Friday Special: Social Security and Medicare Trust Funds -- What's Real? (blog - Mary Pat Campbell / STUMP)
• Social Security and Medicare Going Broke Even Faster Than Projected (Peter Schiff / SchiffGold)
• Our Social Security System Is in Even Worse Shape Than We Think, According to One Academic (David Brancaccio & Janet Nguyen / Marketplace)
• All Downhill for Social Security and Medicare Trust Funds (Charles Blahous / Economics 21)
• Obama's Retirement Fail (Danny Vinik / Politico)
• Bailout Committee to Hear Employers (blog - John Bury / Burypensions)
• Jack Daniel’s Maker to Offer Early Retirement to 150 Employees (Thomas Barrabi / Fox Business)
• PENSION PULSE: Are Macro Gods Staging a Comeback? (blog - Leo Kolivakis)

June 7, 2018

• Chabot-Las Positas Community College District Considers How to Meet Challenge of Unfunded Retirement Benefits (Richard Yates / The Independent)
• Stress Testing Can Help Troubled State Public Pension Funds (Greg Mennis & Stephen Fehr / Pew Trusts)
• Illinois State Senate President Renews Infamous 'No Pension Crisis' Claim in Interview Crammed With Dishonesty (Mark Glennon / Wirepoints)
• No, Illinois Hasn't Solved Its Pension Crisis (Elizabeth Bauer / Forbes)
• Illinois Budget and Pension Buyout: Much Ado About Awful (blog - Mary Pat Campbell / STUMP)
• Pension Bill Was 2018 Bright Spot for Minnesota Legislature (editorial - Star Tribune)
• New Jersey: S5 False Alarm (blog - John Bury / Burypensions)
• Medicare’s Trust Fund Is Set to Run Out in 8 Years. Social Security, 16. (Robert Pear / New York Times)
• PENSION PULSE: G7 Investors Unite on Global Initiatives? (blog - Leo Kolivakis)

June 6, 2018

• California's Local Officials Avoid 'P-Word' as They Push New Taxes (column - Dan Walters / San Jose Mercury News)
• California’s Pension Problems Are Far From Over (editorial - Orange County Register)
• Why We Need to Keep Politics Out of Public Pensions (Christopher Burnham / Forbes)
• Wisconsin Wednesday: Is Benefit Growth Moderate? (blog - Mary Pat Campbell / STUMP)
• Providence, Rhode Island Is Hoping the Scituate Reservoir Can Help Fill Its Poorly Funded Pension System (John Hill / Providence Journal)
• Medicare Trust Fund Will Be Exhausted in 2026, Three Years Earlier Than Expected (Anna Edney / Bloomberg)
• Social Security to Tap Into Trust Fund for First Time in 36 Years (Robert Schroeder / Market Watch)
• Little Bit of Hell for Central States Retirees (blog - John Bury / Burypensions)
• PENSION PULSE: CPP's Unfair Regulatory Advantages? (blog - Leo Kolivakis)

June 5, 2018

• Manteca School District Facing a $12 Million Annual Jump in Ongoing Pension Costs (Dennis Wyatt / Manteca Bulletin)
• Why Los Angeles Unified School District May Face Financial Crisis Even With a Giant Surplus This Year (Jessica Calefati / Los Angeles Times)
• Atherton, California's Cops Make Well Over $100,000 Per Year. Should They Get Free Housing Too? (Toby Murphy / InfoSurHoy)
• The State of Rhode Island Should Intervene in Providence -- Hartford Style (Michael G. Riley / GoLocalProv
• New Jersey Retirement System Hits $11 Billion (blog - John Bury / Burypensions)
• The Top 2 Priorities of the Next California Governor; Number 3 Is Pension Reform (Kenneth S. Alpern / CityWatch LA)
• Michigan's Local Governments' Retirement Liability Reports So Far Show Good, Bad, In-Between (Jordan Travis / Record-Eagle)
• Pity the Poor Blue State Millionaires (blog - Mary Pat Campbell / STUMP)
• Central States – GAO Reports Out (blog - John Bury / Burypensions)
• PENSION PULSE: The Caisse's Greenfield Revolution? (blog - Leo Kolivakis)

June 4, 2018

• Yolo County Faces Rising Pension Payments in 2018-19 (Jim Smith / Woodland Daily Democrat)
• State-Run Private Pensions Like California's, Vermonters as Insurers, and More (blog - Mary Pat Campbell / STUMP)
• Gubernatorial Candidate Gavin Newsom Warns of Threats to Unions at Campaign Stop in Oakland (Casey Tolan / East Bay Times)
• Cancer and Line-Of-Duty Deaths: A Pension Question for Illinois (editorial - Chicago Tribune)
• Illinois Pension Buyouts May Not Bring Savings Budget Claims (Sara Burnett / Associated Press)
• New York State Sen. Marty Golden Skydives While Receiving NYPD Disability Pension ( Graham Rayman & Stephen Rex Brown / Daily News)
• Ex-NYPD Sergeant Vows Ex-Wife 'Will Never Get My Pension’ (Susan Edelman / New York Post)
• Unsustainable NYPD QDRO Procedures (blog - John Bury / Burypensions)
• They Get $190,000 Pensions! New Jersey Retirement System Hits $11 Billion in Payouts (Michael Symons & Sergio Bichao / 101.5 FM)
• Minnesota Governor Signs Pension Bill Aimed at Long-Term Stability in State Retirement System (Jessie Van Berkel / Star Tribune)
• The US Postal Service Has More Than an Amazon Problem, Such as Rising Legacy Costs of Health Care and Pensions (editorial - Washington Post)
• Can Taxpayers Afford Vermont’s Pension Promises? (op-ed - John Pelletier / Williston Observer)
• Pennsylvania Leaders Scrutinize Pension Funds (Paul Burton / The Bond Buyer)
• Massachusetts Public Pension Changes Are a Giveaway to Retirees (editorial - Boston Herald)
• Bangor, Maine Gives Police a Raise, Restores Popular Pension Plan in New Contract (Callie Ferguson / Bangor Daily News)
• PBGC: Over 90% Chance Union Pension Insurance Program Will Run Out of Money by 2025 (Ted Knutson / Forbes)
• Oversight Board Recertifies Fiscal Plan for Puerto Rico, Including Pension Reforms (Hazel Bradford / Pensions & Investments)
• PENSION PULSE: America's Unstoppable Economy? (blog - Leo Kolivakis)

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