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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 nearing the end of its 13th 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 July 26 6:11am PST

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

July 26, 2017

• Union Bill Will Drive Up California Counties' Costs of Providing Services (Steven Greenhut / R Street Institute)
• Medicaid, Pension Costs Create Budget Complications for US States, Says S&P Report (Stephanie Kelly / Reuters)
• Government Unions After Wisconsin: Reform on the March (Michael Watson / Capital Research Center)
• Glendale, California Establishes Trust Fund to Mitigate Escalating Pension Costs (Jeff Landa / Los Angeles Times)
• Days of 'Trust Us' Are Over … Affordable Housing Parcel Tax Is Not Affordable (Jack Humphreville / CityWatch LA)
• Fremont Employers Set Example for State of Ohio (column - John Damschroder / News-Messenger)
• Illinois and Chicago Round-Up: Soda Taxes, Holding Legislation Hostage, Tiffs over TIFs and More! (blog - Mary Pat Campbell / STUMP)
• New Alarm Sounded on Pensions: Moody's Downgrades Kentucky’s Credit Rating (John Cheves / Herald-Leader)
• Kentucky's Credit Rating Downgraded, Citing Pension and Revenue Woes (Ryland Barton / WFPL Radio)
• $43 Million-A-Year Bailout of Near-Bankrupt Pension Fund for Arizona Elected Officials (Craig Harris / The Republic)
• Creative Pension Funding Time Bombs (blog - John Ryan / Infrastructure Recapitalization)
• Republican Study Committee Budget Proposes Cuts to Federal Pay, Retirement Benefits (Ian Smith/ FedSmith)
• Critical Data on Multi-Employer Plans (blog - John Bury / Burypensions)
• PENSION PULSE: OMERS Unloading UK Assets? (blog - Leo Kolivakis)
• UNSUSTAINABLE: Chicago Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (Nancy Mathieson / WirePoints Illinois)
• 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)
• @PensionTsunami is on Twitter

July 25, 2017

• California Needs to Cap the Growth of Runaway Pensions (David Schwartzman / CityWatch LA)
• Union Bill is Biggest Threat to California Local Govt Finances Since Unaffordable Pension Increases Two Decades Ago (editorial - East Bay Times)
• Just How Ugly Is America's Balance Sheet? (Marc Joffe / The Fiscal Times)
• Double-Digit Returns for CalPERS and CalSTRS: Impressive, But Hardly Cause for Champagne (editorial - Press Democrat)
• Task Force Eyes State Assets That Could Reduce Oregon Pension Fund's Liability (Laire Withycombe / East Oregonian)
• Oregon Governor's Pension Task Force Mulls 'Uncomfortable' Revenue Boosts (Saul Hubbard / Register-Guard)
• Kentucky Pensions Becoming Issue of Public Safety (editorial - State Journal)
• PENSION PULSE: PSP Investments Moving Into Asia? (blog - Leo Kolivakis)

July 24, 2017

• Divesting Would Bring San Francisco Pension Fund High Costs, No Rewards (Christopher Fiore & Todd Kendall / San Francisco Examiner)
• Roseville Leaders Greet Strong CalPERS Returns With Cautious Optimism (Graham Womack / Press Tribune)
• Employee Pensions Threatens to Engulf California School Budgets (Bethany Klein / Northern California News)
• CalPERS Shunned by Some Private Equity Firms (blog - Ed Mendel / Calpensions)
• Should California's Public Pensions Be More in Line With the Private Sector? (Bethany Klein / Northern California News)
• Trump's Interests vs. America's, Pensions Edition (Jeremy Venook / The Atlantic)
• Mercer Report Warns of Future $137 Trillion US Savings Gap (Chris Butera / Chief Investment Officer)
• Michigan Teacher Pension Reform Is 'Credit Positive' Per Moody's (blog - Anthony Randazzo & Leonard Gilroy / Reason Foundation)
• Why Michigan's Pension Reform Matters (James M. Hohman / Mackinac Center)
• Michigan Governor's Pension Task Force Proposes 4 Priority Reforms (Chris Butera / Chief Investment Officer)
• REPORT: 'Responsible Retirement Reform for Local Government Task Force' (pdf - State of Michigan)
• To Fix Arizona's Pensions, First Change Constitution, Says Official (column - Cindy Barks / Daily Courier)
• Public Pension Reform Still Key to Illinois’ Recovery (editorial - Journal Star)
• Furniture Workers Pension Fund Allowed to Cut Retiree Benefits (blog - Mary Pat Campbell / STUMP)
• United Furniture Workers Pension Fund A Gets MPRA Letter (blog - John Bury / Burypensions)
• Corporate Pensions: Tackling a Pension Shortfall by Taking on Debt (Amey Stone / Barron's)

July 23, 2017

• WEEKEND SPOTLIGHT: Why Michigan's Pension Reform Matters (James M. Hohman / Mackinac Center)

July 22, 2017

• WEEKEND SPOTLIGHT: Mercer Report Warns of Future $137 Trillion US Savings Gap (Chris Butera / Chief Investment Officer)

July 21, 2017

• New Study Says State and Local Government Pension Plans Still Losing Ground (Russell Grantham / Atlanta Journal-Constitution)
• NEW REPORT: State and Local Pension Plans Funding Sputters in FY 2016 (Center for State and Local Government Excellence)
• DOWNLOAD THE REPORT: 'State and Local Pension Plans Funding Sputters in FY 2016' (Center for State and Local Government Excellence)
• CalSTRS Posts Highest Returns Since 2014 (column - Adam Ashton / Sacramento Bee)
• CalSTRS Reports 13.4% Net Investment Return for FY 16-17 (press release - California State Teachers’ Retirement System)
• Public Employee Unions Cue the Music to Celebrate CalSTRS' Investment Returns (audio - Ben Selvin and the Crooners, 1930)
• GOLDEN OLDIE: Expect California's Unions to Use Good Returns to Deflect Attention From a Growing Pension Crisis (Steven Greenhut / California Policy)
• Corona Police Union Official Blasts Push for CalPERS Divestment (video - Sacramento Bee)
• CalPERS Gains Great, But Far From Sufficient (editorial - Orange County Register)
• LADWP Retirees Bring in Bigger Pensions Than City, County Workers, Audit Says (Elizabeth Chou / Los Angeles Daily News)
• Laguna Beach Right to End Housing Perk for High-Ranking City Employees (editorial - Orange County Register)
• Connecticut Sinks Deeper in Debt as Pension Returns Lag Target (Martin Z. Braun / Bloomberg)
• New Jersey Lottery Asset Lie (blog - John Bury / Burypensions)
• Suburban Property Taxpayers Would Be on Hook for Chicago Public Schools' $17 Billion in Debt if Schools Bill Becomes State Law Schools ( Chicago City
• Providence Didn't Budget for $2 Million It Owes Retirees by January (Dan McGowan / WPRI-TV)
• Missouri Governor Signs Pension Reform Bill Into Law (Tony Brown / Maryville Daily Forum)
• Massachuestts Governor Lets Braintree Police Chief Double Dip and Keep Job While He's Collecting $116,000 Pension (Matt Stout / Boston Herald)
• North Carolina State Pension Fund Gains Driven by Stock Investments (David Ranii / News Observer)
• Another Blow for Heartland Workers: Slashed Pensions (Ed Leefeldt / CBS MoneyWatch)
• PENSION PULSE: HOOPP Warns of the Next Crisis? (blog - Leo Kolivakis)

July 20, 2017

• CalPERS Gains Are Great, But Far From Sufficient (editorial - Los Angeles Daily News)
• Dramatic Change Needed in University of California System (column - Terry McLaughlin / The Union)
• What a Good Time It Is to Be a Public Employee in Los Angeles (Hillel Aron / LA Weekly)
• Will Teacher Pensions Cut Into Student Programs at Las Virgenes School District? (Stephanie Bertholdo / The Acorn)
• Analysis: How the California Teachers Union Is Spending Its Summer (Mike Antonucci / LA School Report)
• States Get Creative on Pension Funding (column - Liz Farmer / Governing)
• Michigan Task Force Says Municipalities Must Prefund Retiree Care (David Eggert / Associated Press)
• Michigan Pension Task Force Fails to Deliver (editorial - Times Herald)
• Arizona Mayors Call on Ducey to Push Overhaul of Financially Fragile Public-Safety Pension System (Craig Harris / The Republic)
• Mohave County Board of Supervisors Look for Ways to Balance Budget (Jim Seckler / Mohave Daily News)
• Stop Deny and Delay Approach to Oregon's Pension Fund (editorial - Bend Bulletin)
• Lifting the State of Siege on Public-Sector Pension Plans (David Blitzstein / Pensions & Investments)
• Proposed Legislation Would Open Up Records on Federal Pension Recipients (Michael Carroll / Watchdog.org)
• House Committee's 2018 Budget Proposal Sets Stage for Federal Retirement Cuts (Nicole Ogrysko / Federal News Radio)
• Social Security: The Annual Trustee Report - Cash Flows, Tardiness, and Other Views (blog - Mary Pat Campbell / STUMP)
• S&P 500’s Biggest Pension Plans Face $382 Billion Funding Gap (Brandon Kochkodin & Laurie Meisler / Bloomberg)
• UK Raises Pension Age From 67 to 68 Starting in 2037 (Associated Press)
• PENSION PULSE: bcIMC Gains 12.4% in Fiscal 2017 (blog - Leo Kolivakis)

July 19, 2017

• Rising Public Pension Costs Could Hinder Bakersfield's Ability to Keep Up With Growing Public Needs (Dorothy Mills-Gregg / Bakersfield Californian)
• This Is How Low the Bar Has Sunk in Oakland (editorial - East Bay Times)
• Why California Highway Patrol Chief Is Headed for a Much Smaller Department (Diana Lambert & Adam Ashton / Sacramento Bee)
• Retired DWP Employees May Make More Than You: $60,000-Plus (Ken Stone / MyNewsLA.com)
• Campaign Urges US Public Pension Funds -- Including CalPERS -- to Divest From Owner of Trump Hotel (Julia Harte / Reuters)
• State of Michigan Should Play Bigger Role in Local Government Pensions, Task Force Says (Justin A. Hinkley / Lansing State Journal)
• Firefighters Deliver 32,000 Signatures to Put Pay Parity on the Ballot; May Hurt Pension Reform (Blake Paterson / Houston Chronicle)
• Houston Faces Heavy Campaign Lift for Bond Measures (Rebecca Elliott / Houston Chronicle)
• New Jersey Last Again (blog - John Bury / Burypensions)
• Federal, Postal Unions Battle Cuts to Pay, Pensions (Mark Gruenberg / Workday Minnesota)
• House Budget Resolution Calls for Federal Employees to Contribute More to Their Pension Plans (Derek Johnson / Federal Soup)
• O.J. Simpson May Be Released on Parole -- and NFL Pension Means 'He's Not Going to Be Poor' (Tatiana Pile / AOL.com)
• What to Do if Your Defined Benefit Pension Plan Is Frozen (Robert Powell / USA Today)
• PENSION PULSE: CalPERS Goes Canadian in Private Equity? (blog - Leo Kolivakis)

July 18, 2017

• Before CalPERS Can Save the World, Public Workers Want It to Save Their Pensions (column - Adam Ashton / Sacramento Bee)
• A Teachable Pension Math Moment for CalPERS: Unfortunately, Compounding Works in Two Directions (David Crane / Medium)
• CalPERS Is Doing Alright, But Not Great (Crystal Kim / Barron's)
• California Government Retirement Plans Are More Than 50% Underfunded (David Schwartzman / California Policy Center)
• California Should Follow Michigan's Lead on Pensions (David Schwartzman / California Policy Center)
• San Diego Creating More High-Paying Positions That Critics Call Prop. B Loophole (David Garrick / San Diego Union-Tribune)
• Los Angeles DWP Paid Out $435 Million in Pension Benefits Last Year, Watchdog Says (Elizabeth Chou / Los Angeles Daily News)
• Los Angeles DWP Says: The Information We Told You Was Correct Is 'Extremely Misleading and Incomplete' (Robert Fellner / Transparent California)
• Earth to Eric: Get Real (Jack Humphreville / CityWatch LA)
• Shocking New Report: DWP Trio Cleared Over $1 Million in Pension Pay (Transparent California / CityWatch LA)
• Even the Most Fiscally Fit States Have Pension Problems (Michael Katz / Chief Investment Officer)
• Moody’s Keeps Illinois on Watch for Downgrade Despite Budget, Tax Hike (Fran Spielman / Chicago Sun-Times)
• Mounting Tax Burden Called No Match for Soaring Pension Debt in Illinois (Glenn Minnis / Sangamon Sun)
• Chicago Publi Schools Says Rauner Can't Nix Its Pension Money in New School Funding Bill (Lauren FitzPatrick / Chicago Sun-Times)
• Mortality Monday: More Chicago Shootings and Longer-Term Trends (blog - Mary Pat Campbell / STUMP)
• New York State Exposed: Hundreds Double Dip and Collect State Salary and State Pension (Brett Davidsen / WHEC News 10)
• How States Like Pennsylvania Can Buck Washington Gridlock and Take the Lead on Transformative, Bipartisan Reform (Nathan Benefield / Fox News)
• Pennsylvania School Pension Fund Offers a Cautionary Tale (Paul Burton / The Bond Buyer)$$
• Michigan to Steer New School Workers Into 401(k)-Only Plan (David Egger / Monroe News)
• New Missouri Pension Law Will Ease Cost Burden on St. Louis Public Schools (Kristen Taketa / St. Louis Post-Dispatch)
• Hartford Situation Is a Warning for the State of Connecticut (op-ed - Sen. Toni Boucher / News Times)
• Kroger to Pump Up to $1 Billion Into Underfunded Pension Plan (Steve Watkins / Cincinnati Business Courier)
• Kroger Is Selling Bonds to Fund Pension, Refinance (Amey Stone / Barron's)
• PENSION PULSE: OPTrust Diversifying its Returns? (blog - Leo Kolivakis)

July 17, 2017

• Fort Worth Pension Woes Bring Second Downgrade From Moody's (Sandra Baker / Star-Telegram)
• Social Security, a Pension Booster, Faces a Shortfall (blog - Ed Mendel / Calpensions)
• Marin County Agency Stuck With $584,000 Pension Bill (Richard Halstead / Marin Independent Journal)
• CalPERS Beats Earnings Target for First Time in Three Years (column - Adam Ashton / Sacramento Bee)
• California Still Facing Pension Crisis Even With Good Stock Market Returns (Steven Greenhut / Reason)
• Public Employee Unions Cue the Music to Celebrate CalPERS' Investment Returns (audio - Ben Selvin and the Crooners, 1930)
• Former Los Angeles DWP General Manager's $356,000 Pension Among Highest Statewide (press release - Transparent California)
• $100K Club: Top Wage Earners at Modesto-Area Counties, Cities, Irrigation Districts (Garth Stapley / Modesto Bee)
• More Evidence of Lavish Modesto Irrigation District Compensation (Garth Stapley / Modesto Bee)
• One Reason Your Electric Bill Is High: Bountiful Pay for Modesto Irrigation District Workers (Garth Stapley / Modesto Bee)
• Why Gov. Chris Christie’s Big Plan to Shore Up New Jersey's Pensions Is All Wet (column - Allan Sloan / Washington Post)
• Mercatus' Mushrooming Costs (blog - John Bury / Burypensions)
• The Pension Plan That Ate Fairfax County, Virginia (Jay McConville / Bearing Drift)
• Pension Payments to Eat Up Illinois' Entire $5 Billion Tax Increase, and More (Greg Bishop / Illinois News Network)
• Look at Your Paycheck, and Say Hello to Your New Illinois Tax Increase (editorial - Belleville News-Democrat)
• The Way Chicago 'Works': Graft, Corruption, Political Connections, Bribes, Unions (blog - Mike Shedlock / MishTalk)
• Illinois: Land of Still Unfunded Pension Obligations (editorial - Crain's Chicago Business)
• Policy Pro Says 401(k) Plans Can Help Address Illinois' Mounting Pension Woes (Caitlin Nordahl / Sangamon Sun)
• Pension Costs Just Jumped for Kentucky's School Districts, Local Governments (Tom Loftus / Courier-Journal)
• Can Public Pension Benefits Be Cut? Kentucky Officials Looking Into It (Tom Loftus / Courier-Journal)
• Old Pension Account Now Covers Recreational Programs for Terra Haute's Retired Cops (Dave Taylor / Tribune-Star)
• New Mexico Board to Probe Double Dipping (Dan McKay / Albuquerque Journal)
• From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (Ryan Dezember / Fox Business)
• PENSION PULSE: Pension Funds Displacing Private Equity? (blog - Leo Kolivakis)

July 16, 2017

• WEEKEND SPOTLIGHT: Pension Payments to Eat Up Illinois' Entire $5 Billion Tax Increase, and More (Greg Bishop / Illinois News Network)
• WEEKEND SPOTLIGHT: The Pension Plan That Ate Fairfax County, Virginia (Jay McConville / Bearing Drift)

July 15, 2017

• WEEKEND SPOTLIGHT:
• CalPERS Beats Earnings Target for First Time in Three Years (column - Adam Ashton / Sacramento Bee)
• California Still Facing Pension Crisis Even With Good Stock Market Returns (Steven Greenhut / Reason)
• Public Employee Unions Cue the Music to Celebrate CalPERS' Investment Returns (audio - Ben Selvin and the Crooners, 1930)

July 14, 2017

• Michigan Governor Signs Pension Reform Bill (Christine Williamson / Pensions & Investments)
• Michigan an Example for Pension Reform (op-ed - Dan Liljenquist / Detroit Free Press)
• With Teacher Pension Changes Signed Into Law, Legislature Wants Changes for Fire and Police (Kathleen Gray / Detroit Free Press)
• Statement by CIO Pete Constant on Michigan Governor Snyder Signing Pension Reform (press release - Retirement Security Initiative)
• Michigan a National Innovator in Pension Reform; State Addresses Underfunding While Protecting Earned Benefits (press release - Mackinac Center)
• More on the Mercatus Center's Rankings of the States (blog - John Bury / Burypensions)
• Pension Costs Just Jumped for Kentucky's School Districts, Local Governments (Tom Loftus / Kentucky New Era)
• Dallas Police and Fire Pension on Path to Financial Stability (Fox 4 News)
• Oregon’s Public Employees Pension Fund Demands Visionary Leadership (editorial - Bend Bulletin)
• Seattle Public Employees Pension Fund Won't Divest From Fossil Fuels (Lynda V. Mapes / Seattle Times)
• A Really Sweet Retirement Club Paid for by You -- But Not for You (Norman Leahy / Real Clear Investigations)

July 13, 2017

• Expect California's Unions to Use Good Returns to Deflect Attention From a Growing Pension Crisis (Steven Greenhut / California Policy Center)
• Mercatus State Ranks – 2017 (blog - John Bury / Burypensions)
• Illinois' Fiscal Problems Won't Stay in Illinois (Eric Boehm / Reason Magazine)
• Illinois' Pension Problem: Coming to a State Near You (editorial - USA Today)
• Illinois Still Is Kicking the Pension Crisis Down the Road (editorial - Chicago Sun-Times)
• S&P Removes Junk From Illinois' Future (column - Greg Hinz / Crain's Chicago Business)$$
• Rockford, Illinois Receives Credit Downgrade as Pension Debt Grows (Robert Brutvan / Illinois Policy)
• Cash Balance Better, Pension Crisis Worse, Chicago City Audit Shows (Fran Spielman / Chicago Sun-Times)
• Illinois’ Latest Pension Changes Can't Touch State's Pension Debt (Benjamin Yount / Cherokee Tribune & Ledger-News)
• Illinois Quick Take: Gas Taxes (blog - Mary Pat Campbell / STUMP)
• 'Smoothing' Sounds Nice, But It's Another Way of Saying 'We're Shorting the Pension Funds' (blog - Rich Miller / Capitol Fax)
• What Does $15 Billion in Overdue Bills Mean for Illinois' Doctors and Hospitals? (Kristen Schorsch / Crain's Chicago Business)
• What’s Wrong With Illinois? (video - Steve Moore / Wall Street Journal)
• Pension Issue Surreptitiously Drives New York Constitutional Convention Politics (J.H. Snider / City and State NY)
• Here Comes the Junk: Hartford Downgraded, State Says Get It Together (blog - Mary Pat Campbell / STUMP)
• Fired Meriden, Connecticut Police Captain Receives $58,000 Pension (Leigh Tauss / Record-Journal)
• Florida Congressman Proposes Taxpayer Pension Disclosure Act (One America News Network)
• That's Not Private Equity, That's a Pension Fund (Lisa Abramowicz / Bloomberg Businessweek)
• Pension Plan—and Retirement Security—at Heart of Strife Between Tufts Hospital and Nurses (column - Evan Horowitz / Boston Globe)
• Milliman: 100 Largest US Corporate Pension Plans' Funded Status Drops by $4 Billion in June; Funded Ratio Down to 83.5% (press release - Milliman)
• Directors Guild Lowers Assumed Rate of Return for Pension Plan (Rob Kozlowski / Pensions & Investments)
• Manitoba's Provincial Pension Payouts Surging; Costs Likely to Keep Increasing as Recipients Live Longer (Nick Martin / Winnipeg Free Press)

July 12, 2017

• San Francisco Has a $5.8 Billion Pension Liability and Voters Are Largely to Blame (Riley McDermid / San Francisco Business Times)
• Los Angeles School Board Salaries More Than Double to $125,000 a Year (Howard Blume / Los Angeles Times)
• Texas vs. California Update for July 11, 2017 (blog - Lawrence Person / BattleSwarm)
• Missouri Treasurer to Legislature: Don't Be Like Illinois (Jim Salter / Associated Press)
• Illinois's Concocted Budget Crisis a Red Flag for All Pension Holders (John Kindt / The Hill)
• New Budget Threatens to Deepen Illinois' Pension Debt (column - Joe Cahill / Crain's Chicago Business)
• Illinois Financial Disaster: Even More Reactions to the Budget (blog - Mary Pat Campbell / STUMP)
• Pension Crisis Brings Arizona State Lawmakers to Bisbee (column - Eric Petermann / Sierra Vista Herald)$$
• Grand Traverse County, Michigan's Pension Payment Plan in Place (Matt Troutman / Record-Eagle)
• PENSION PULSE: Are Macro Gods in Big Trouble? (blog - Leo Kolivakis)

July 11, 2017

• A City Pension Board Vote Could Add to Los Angeles' Budget Woes (David Zahniser / Los Angeles Times)
• California Local Governments Cut Services, Staff to Pay Pension Costs (David Schwartzman / CityWatch LA)
• Lemon Grove, California Readies for 'Lean Budget' in Coming Year (Karen Pearlman / San Diego Union-Tribune)
• Pasadena's Finance Director Proposes Paying $27.1 Million to CalPERS in One Payment to Earn $1 Million Discount (Pasadena Now)
• Lawsuit Against Marin a Step to Repairing Costly Pension Problem (letter - Joyce Britt / Marin Independent Journal)
• Another City Eyes Chapter Nine (The American Interest)
• States Still Stuck When It Comes to Pension Plan Fixes (Alan Smith / R Street Institute)
• Pension Funds Request More Transparency From Companies' Workforce Disclosures (Sarah N. Lynch / Fox Business)
• Michigan Public Employee Union Files Grievance Against Poison Ivy-Eating Goats for Stealing Jobs (blog - Mike Shedlock / MishTalk)
• Arizona State Reps Want to Shine Light on Public-Safety Pension 'Crisis' (Brenna Bailey / Arizona Public Media)
• Who’s to Blame for the Dallas Pension Disaster? Former Administrator Says Not Him (Steve Thompson / Dallas Morning News)
• Public Plans Data: 15-Year Trend (blog - John Bury / Burypensions)

July 10, 2017

• Old Cause of CalPERS' Pension Debt Gets New Attention (blog - Ed Mendel / Calpensions)
• REPORT: US Public Pension Plan Contribution Indices, 2006–2014 (Society of Actuaries)
• California Uses One State Credit Card to Pay Off Another (op-ed - Christian Britschgi / Press-Enterprise)
• California Public Employees' Pensions Are Not Bullet-Proof (Mike Brown / Cal Coast News)
• Officials Gamble With the Public's Money, and Sometimes Lose Big (Dan Walters / Fox & Hounds)
• Voter Generosity Helped San Francisco Pile Up Huge $5.8 Billion Pension Liability (column - Matier & Ross / San Francisco Chronicle)
• What's Really Sinking California: The Cost of Public Employee Pensions (Kerry Jackson / Fox & Hounds)
• The Great California Classroom Robbery; Pension and Retiree Healthcare Beneficiaries Must Chip In (David Crane / Medium)
• Will California's Overbearing Teacher's Union Bankrupt the State? (California Blog)
• Amid Funding Shortfall, Santa Ana Raises Median Police Compensation Above $213,000 (Nick Gerda / Voice of OC)
• New Sales Tax Helps Keep the City of Santa Paula Afloat (Arlene Martinez / Ventura County Star)
• Facing Looming Pension Crisis, Palm Springs Ponders Cannabis, Sales Tax Increases (Katie Gagliano & Corinne Kennedy / Desert Sun)
• Two Articles Demonstrate How Online Compensation Data Helps to Empower the Public (blog - Robert Fellner / TransparentCalifornia.com)
• Strong Returns Nice, But Aren’t Expected To​ Last (Randy Diamond / Pensions & Investments)
• Few Bright Spots Beckoning for Pension Funds on the Investment Horizon (Douglas Appell / Pensions & Investments)
• Moody's Warns of Further Chicago Debt Downgrade (Hal Dardick / Chicago Tribune)
• Big Financial Woes Linger in Illinois' New Budget (Dave Mckinney & Karen Pierog / Reuters)
• A Tale of Two States: What Illinois Can Learn Now From Pennsylvania (Eric Peterson / Crain's Chicago Business)
• Nevada Secretary of State Doesn't Disclose Her Pension Income (Arthur Kane / Las Vegas Review-Journal)
• Nevada's Pension System Perks Cost Taxpayers $23 Million a Year (Arthur Kane / Las Vegas Review-Journal)
• Elko, Nevada Schools Won't Hire Retirees Receiving Pensions (Arthur Kane / Las Vegas Review-Journal)
• Public Plans Data Takeaway: Bad Actuarial Assumptions (blog - John Bury / Burypensions)
• Concessions to Connecticut's Public Employee Unions Erode Value of Reforms in Tentative Deal (Bob Williams / Huffington Post)
• Government Job Growth in June Outstrips Manufacturing 35 to 1 (Terence P. Jeffrey / CNS News)
• Teamsters Retirees to Meet With Treasury Secretary Mnuchin Over Failing Pension Funds (Mark Davis / Kansas City Star)
• First Public Pensions, Now Private Pensions Are Falling Apart Too (Peter Reagan / Newsmax)
• PENSION PULSE: The End of the Central Banks' Era? (blog - Leo Kolivakis)

July 9, 2017

• WEEKEND SPOTLIGHT: California Uses One State Credit Card to Pay Off Another (op-ed - Christian Britschgi / Press-Enterprise)
• ALSO: Facing Looming Pension Crisis, Palm Springs Ponders Cannabis, Sales Tax Increases (Katie Gagliano & Corinne Kennedy / Desert Sun)

July 8, 2017

• WEEKEND SPOTLIGHT: Amid Funding Shortfall, Santa Ana Raises Median Police Compensation Above $213,000 (Nick Gerda / Voice of OC)
• ALSO: The Great California Classroom Robbery; Pension and Retiree Healthcare Beneficiaries Must Chip In (David Crane / Medium)
• ALSO: What's Really Sinking California: The Cost of Public Employee Pensions (Kerry Jackson / Fox & Hounds)

July 7, 2017

• Illinois at the Brink: Parallel Should Give Californians Pause (column - Chris Reed / San Diego Union-Tribune)
• Illinois & California Ignore Massively Unfunded Pensions, But Pennsylvania & Michigan Take Action (Patrick Gleason / Forbes)
• Despite Unclear Financial Outlook, Santa Ana Council Approves Police Contract With Two 2.75% Pay Increases (Jessica Kwong / Orange County Register)
• California Gov. Jerry Brown's Wall of Debt Has Crumbled, But There Are More Walls Behind It (John Myers / Los Angeles Times)
• California Legislators Should Not Mistake Their Anti-Trump Animus for Good Governance (letter - Los Angeles Times)
• California's Public Sector Employees More Than Recover Their Lower Salaries in Retirement (letter - Daily Pilot)
• Many States Facing Big Budgetary Troubles Ahead (editorial - Los Angeles Daily News)
• In America's Richest State -- Connecticut -- Its Capital Flirts With Bankruptcy (Martin Z Braun / Bloomberg)
• Illinois Still Insolvent as Democrats Over-Ride Veto to Raise Taxes (Chriss W. Street / Breitbart California)
• Illinois Has Become a Banana Republic (column - Stephen Moore / Post-Bulletin)
• Lessons From Illinois (column - Tom Riggins / Nevada Appeal)
• Illinois State Pension Crisis Leading to High-Tax Exodus (Financial Sense)
• Illinois Financial Disaster: Reactions to Budget Passed Over Veto (blog - Mary Pat Campbell / STUMP)
• End Public Pensions in Illinois (letter - Chicago Tribune)
• Public Pension Plan Data – 2017 Update (blog - John Bury / Burypensions)
• Michigan Isn't Done With Pension Reform (editorial - Detroit News)
• Problems With Terra Haute, Indiana's Police Pension Still High (Rebecca Brumfield / My Wabash Valley)
• Parkersburg, West Virginia Pension Boards Meet With Mayor to Weigh Options (Brett Dunlap / News and Sentinel)
• Pension Proposal Offers Reduced Benefits for Parkersburg's Future Hires (Evan Bevins / News and Sentinel)
• Fired Dighton, Massachusetts Fire Chief's Pension Could Be in Jeopardy (Rebecca Hyman / Taunton Gazette)
• Pension Plans Are in Trouble; Some Plans May Default Over the Next Decade (AARP)

July 6, 2017

• Plea Deal Protected Felon Contra Costa County DA's Pension (column - Daniel Borenstein / East Bay Times)
• Los Angeles Schools Face Fiscal Woes (Romy Varghese / Bloomberg)
• Balanced Two-Year Budget in Concord, California But Deficit Looms Due to Rising Pension Costs (Lisa P. White / East Bay Times)
• California's State Workers Get Their Raises This Month; Their Bosses Won't Be Left Out (column - Adam Ashton / Sacramento Bee)
• CalPERS' CIO Sings Out of Tune, But Board Applauds His Poor Performance (Yves Smith / Naked Capitalism)
• CalPERS' CIO Plays Board Like a Fiddle, Uses Trumpian Tactics on Credulous True Believers (Yves Smith / Naked Capitalism)
• Pension Reform Will Help Michigan's Teachers (op-ed - Anthony Randazzo & Len Gilroy / Detroit News)
• New Jersey's Lying Baster (blog - John Bury / Burypensions)
• Governor Touts Lottery as Answer to New Jersey's Pension Problems, But Critics Deride Plan (John Reitmeyer / NJ Spotlight)
• 'Illinois Math' Has Led to Chronic Underfunding of Teacher Pensions (letter - Chicago Tribune)
• Illinois Politicians and Credit Raters Form a Coalition for Tax and Spend (editorial - Wall Street Journal)$$
• Nevada Public Pension Fund Reports 11.8% Return (Sean Whaley / Las Vegas Review-Journal)
• PENSION PULSE: AIMCo Gains 5.8% in 2016 (blog - Leo Kolivakis)

July 5, 2017

• A Reply to California Union President Yvonne Walker's Op-Ed: Pension Deficits Are Not Like Droughts (David Crane / Medium)
• San Francisco Fooled Into Voting for $5.8 Billion Pension Spike (Chriss W. Street / Breitbart California)
• SAN FRANCISCO GRAND JURY REPORT: 'The San Francisco Retirement System: Increasing Understanding and Adding Voter Oversight' (pdf)
• Ill-Funded Police Pensions Put Cities in a Bind (Heather Gillers & Zusha Elinson / Wall Street Journal)$$
• As Illinois Goes Bankrupt, Michigan Embraces Bold Pension Reforms (editorial - Investor's Business Daily)
• Public Union Politics Hits the Wall in New Jersey, Illinois and Connecticut (editorial - Wall Street Journal)$$
• New Jersey Gov. Chris Christie at the Beach Is Not the Real Problem (column - Errol Louis / CNN)
• Pension Costs for Arizona Police Officers and Firefighters Are Rising to the Point They Are Overburdening Taxpayers (Alexis Kuhbander / Havasu Sun)
• A Smart Proposal to Overhaul MBTA Pensions (editorial - Boston Globe)
• Pension Sweetener Bills to Cost New Yorkers Millions (Reclaim New York)
• Iowa's Public Pension Funds Owe Billions: Lawmakers Plan to Study Fixes (William Petroski / Des Moines Register)
• We Must Get Control of Entitlement Fraud (Kevin D. Williamson / National Review)
• General Mills to Freeze Defined Benefit Pension Plans by End of 2027 (Chris Butera / Chief Investment Officer)
• What's Underpinning UPS's Shift From Pension Plans to a 401(k) Plan? (James Sands / Seeking Alpha)
• Ireland's Public-Sector Pensions Worth Millions, New Figures Show (Barry O'Halloran / Irish Times)
• PENSION PULSE: US Pensions Threaten Real Estate? (blog - Leo Kolivakis)

July 4, 2017

• For the Fourth of July -- A Nation Divided, But Words We Believe In (Joel Fox / Fox & Hounds)
• The Radical Ideas Behind the Declaration of Independence (editorial - Orange County Register)
• The Declaration of Independence (full text)
• Archives of Independence: Philadelphia's New Museum of the American Revolution (Anthony Paletta / City Journal)
• The Case for a Fourth of July Seder (Alan Burdick & Eliza Byard / The New Yorker)
• We'll Be Back Tomorrow . . . Have a Great Fourth of July!

July 3, 2017

• Pension Watchdog Sues City of San Rafael; Says Pension 'Enhancements' Were Approved Illegally (Keri Brenner / Marin Independent Journal)
• SoCal Cities' Pension Payment Plans Draw Optimism and Doubts (Hillary Davis, Luke Money, Ben Brazil & Bryce Alderton / Daily Pilot)
• San Francisco's Pension Debt Has Not Been Curbed by Voters (blog - Ed Mendel / Calpensions)
• READ: 'The San Francisco Retirement System: Increasing Understanding and Adding Voter Oversight' (pdf - City and County of San Francisco Grand Jury)
• K-12: 'Tidal Wave of Expenses' in Looming California School Budget Crisis (Sharon Noguchi / San Jose Mercury News)
• Illinois House Approves Historic 32% Tax Increase Late Sunday Evening, Governor Vows Veto (Tyler Durden / Zero Hedge)
• With All Reforms Now Off the Table, Illinois Faces Disaster No Matter What (Mark Glennon / Wire Points)
• Chicago Public Schools Makes Good on Chunk of Massive Teacher Pension Fund Payment (Juan Perez Jr. / Chicago Tribune)
• America's Pension Bomb: Illinois Is Just the Start (Tyler Durden / Zero Hedge)
• Illinois Financial Disaster: Clean Up Your Own Damn Mess (blog - Mary Pat Campbell / STUMP)
• Illinois on the Brink of Default (Martin Armstrong / Armstrong Economics)
• Connecticut Gov. Signs Exec. Order Taking Over Spending After State Fails to Pass Budget (Tyler Durden / Zero Hedge)
• New Jersey: Shutdown Chip (blog - John Bury / Burypensions)
• More and More Unfunded Liabilities for Kansas (editorial - Capital-Journal)
• Push Comes to Shove in Puerto Rico Budget, PREPA (Robert Slavin / The Bond Buyer)
• PENSION PULSE: CPPIB Bets Big on Houston? (blog - Leo Kolivakis)

July 2, 2017

• WEEKEND SPOTLIGHT: Pension Watchdog Sues San Rafael; Says Pension 'Enhancements' Were Approved Illegally (Keri Brenner / Marin Independent Journal)

July 1, 2017

• WEEKEND SPOTLIGHT: America's Pension Bomb: Illinois Is Just the Start (Laurie Meisler / Bloomberg)

June 30, 2017

• CalPERS' Pension Debt Is a Threat to Both Current Public Employees and Retirees (letter - Chuck Reed / Sacramento Bee)
• A Public Employee Union Continues Its Misinformation Campaign on California's Pension Crisis (David Kersten / Fox & Hounds)
• Real Pension Reform in California (Richard Eber / California Political News and Views)
• Pensions, Development Fees Come to Oroville City Council (Ashiah Scharaga / Oroville Mercury Register)
• CalPERS' Next Victim: City of Oroville (Stephen Frank / California Political News and Views)
• CalPERS' Massive Copyright Infringement Strongly Resembles Case That Awarded $19.2. Million in Damages (Yves Smith / Naked Capitalism)
• Reason's Pension Reform Newsletter - June 2017 (Leonard Gilroy & Anthony Randazzo / Reason Foundation)
• New York City's Pension System Is Sound, Says Its Chief Actuary (letter - New York Times)
• Illinois' Financial Disaster: State Taken Hostage (blog - Mary Pat Campbell / STUMP)
• Chicago Moving to Raise Pension Contributions (Yvette Shields / The Bond Buyer)
• How Illinois Became America's Most Messed-Up State (Matt Egan / CNN Money)
• Fund for New Jersey Offers Roadmap for Solving Pension Crisis (Phil Gregory / NewsWorks)
• Houston Firefighters Rally at City Hall to Protest Imposed Employment Terms (Mitchell Nguyen / Houston Press)
• Judge Hears Arguments in Lawsuit Over Houston Pension Plan Bill (Aaron Barker - Click2Houston)
• Pennsylvania Pension Reform's Importance: Avoiding Illinois' Fate (editorial - Tribune-Review)
• Legislation Viewed as Stabilizing Michigan Schools' Pension Costs (Nora Colomer / The Bond Buyer)$$
• Parkersburg, West Virginia Eyeing Change to Control Pension Costs (Evan Bevins / News and Sentinel)
• Boston Votes to Increase Its Pension Liability (Boston Municipal Research Bureau)
• Why South Carolina's State Workers' Paychecks Will Shrink Starting Saturday (Cassie Cope / Herald)
• Pension Reform Is Possible in Maryland: Look to Pennsylvania (Tom Baden / Daily Record)$$
• Phoenix Council Member Decries City Pension Debt Plan, Advances a New One (Paul Maryniak / Ahwatukee Foothills News)
• PENSION PULSE: Caisse Cautious on London Real Estate? (blog - Leo Kolivakis)

June 29, 2017

• New Research Shows 2014 Unfunded Pension Liabilities Hit 150% Spike (Chris Butera / Chief Investment Officers)
• California Local Governments Cut Services, Staff to Afford Pension Costs (David Schwartzman / California Policy Center)
• Los Angeles City Council Approves Raises of Up to 22% for About 9,000 DWP Workers (Dakota Smith & Laura J. Nelson / Los Angeles Times)
• San Mateo County Grand Jury Report Says Most Pension Funding on Track (Austin Walsh / Daily Journal)
• READ THE REPORT: 'Unfunded Pension Liabilities: Early Results Under GASB Standard 68' (pdf - San Mateo County Grand Jury)
• How Mesa Water District Plans to Save $8.96 Million: Start a Pension Trust and Refinance Debt (Luke Money / Daily Pilot)
• Galt High School District Trustees Approve Proposed Budget (Karen Everett Watson / Galt Herald)
• Chicago Mayor Proposes City Ordinance to Boost Pension Funding (Julia Jacobs & Karen Pierog / Reuters)
• Mayor Hatches New Plan to Save Two Chicago Employee Pension Funds (Fran Spielman / Chicago Sun-Times)
• Mayor to Go It Alone on Pension Contributions as Governor Opposes His Favored Plan (Hal Dardick / Chicago Tribune)
• New Jersey Idiocracy (blog - John Bury / Burypensions)
• Missing Files, Erroneous Payments Discovered in Audit of Milwaukee County’s Pension System (Theo Keith / Fox 6)
• State Should Take Over Milwaukee County's Pension System (op-ed - Ernst-Ulrich Franzen / Milwaukee Journal Sentinel)
• Pension Obligations Rising for Bradford, Pennsylvania (Alex Davis / Bradford Era)
• UPS Pension Freeze Will Affect 8,500 Louisville Workers (Thomas Novelly / Courier-Journal)
• PENSION PULSE: Investing Under Trump? (blog - Leo Kolivakis)

June 28, 2017

• Pension Fund Executive Director Warns of Coming Pension Fund Defaults (Douglas Appell / Pensions & Investments)
• Public Pension Crisis Reaching a Tipping Point (Seeking Alpha)
• $6 Billion Prepayment to CalPERS Approved by Legislature (Kyle Glazier / The Bond Buyer)$$
• Let's Not Be as Shortsighted on Pensions as on Drought, Says a California Union President (op-ed - Yvonne Walker / Sacramento Bee)
• Santa Monica Boosts Annual Payment From $1.3 Million to $45 Million to Pay Down Unfunded Liability (Michael Katz / Chief Investment Officer)
• Mesa Water District Estimates $9 Million Savings Over Decade With Plan to Eliminate Unfunded Pension Debt (Louis Casiano Jr. / Orange County Register)
• US Top Court Buries CalPERS Lawsuit Over Lehman Collapse (Andrew Chung / Reuters)
• CalPERS Just Lost a Lawsuit at the US Supreme Court. That Decision Will Cost Retirees (Dale Kasler / Sacramento Bee)
• SUMMARY OF REPORT: 'Funding Marin's Public Employee Pensions & Retirement Health Care Benefits' (pdf - Marin County Grand Jury)
• Union Dues Are Cutting Into Teachers' Retirement Funds (Jackie Lavalleye / California Policy Center)
• Illinois House Democrats Outline Budget, Will Vote Today on Pension Reform (Doug Finke / State Journal-Register)
• Will Illinois Need a Federal Bailout? Its Residents Had Better Hope Not. (Ike Brannon / Weekly Standard)
• Reading the Tea Leaves for Chicago Police (and Fire) Pension Funds (blog - Bill Bergman / Truth in Accounting)
• Pension Funding a Factor in Credit Downgrade of Rock Island, Illinois (Mariah Woelfel / WVIK Radio)
• 80% of Illinois' Teacher Pension Payments Going Towards Unfunded Liability (Jaclyn Driscoll / Fox Illinois)
• To Solve the Budget Crisis, Illinois Has to Get Creative (letter - Chicago Tribune)
• Michigan Pension Reforms Support Learning (letter - Rep. Jim Tedder / Detroit News)
• The Kentucky Pension Crisis on Louisville's 970 WGTK (Amy Searl / Bluegrass Institute)
• Kentucky's Looming Pension Crisis (audio - Blog Talk Radio)
• Inviolable Contract Should Be Honored But Structural Changes Needed, Says Kentucky Chamber Pension Task Force Chair (Jacqueline Pitts / Lane Report)
• 'Pepper Spray Cop' From 'Occupy' Protest Retires With Full Pension (Tina Moore / New York Post)
• UPS to Freeze Pension Plans for Nonunion Staffers; Pension Deficit Hit $9.85 Billion in 2016 (Paul Ziobro & Vipal Monga / Wall Street Journal)
• UPS Said to Join Growing List of Companies Freezing Pensions (Matthew Rocco / Fox Business)
• Cash-Rich Sweden Squirrels Away Ahead of Demographic Time Bomb (Love Liman & Nicholas Rigillo / Bloomberg)
• PENSION PULSE: Are ETFs Driving The Market Higher? (blog - Leo Kolivakis)

June 27, 2017

• California Lawmakers Advance CalPERS $6 Billion Borrowing Plan (Jonathan J. Cooper / Associated Press)
• You Pay for CalPERS' Ethics (blog - Michael Fitzgerald / Stockton Record)
• CalPERS Victimized as California Treasurer John Chiang Seeks Union Support for His Campaign for Governor (Kevin Dayton / California Policy Center)
• Los Angeles Has a Pension Contribution Crisis; Continued 'Managerial Ignorance' Won't Fix It (Jack Humphreville / CityWatch LA)
• Napa Valley Unified Cutting Jobs to Help Erase $12 Million Deficit (Noel Brinkerhoff / Napa Valley Register)
• After Puerto Rico's Debt Crisis, Worries Shift to Virgin Islands (Mary Williams Walsh / New York Times)
• Are Illinois & Puerto Rico Our Future? (Patrick J. Buchanan / LewRockwell.com)
• Illinois Financial Disaster: Madigan Wants It All to Burn (blog - Mary Pat Campbell / STUMP)
• New Jersey's Lottery Enterprise Contribution Act: Politicians Dictating to Actuaries (blog - John Bury / Burypensions)
• Christie Lottery/Pension Plan Sails as New Jersey Lawmakers Scrap Over Budget (Samantha Marcus / NJ.com)
• Kentucky State Workers, Retirees Urge Lawmakers to Preserve Pension Benefits (with video - Matthew Rand / WLKY-TV)
• Payson, Arizona Has a $17 Million Debt to the State Pension Fund (Alexis Bechman / Payson Roundup)
• US States' Pension Plans' Funding Ratio Down in 2016, Says Wilshire Report (Stephanie Kelly / Reuters)
• Make Federal Pensions Transparent (op-ed - Rep. Ron Desantis & Adam Andrzejewski / Washington Examiner)
• UPS to Freeze Pension Plans for Non-union Staffers (Fox Business)
• China's Pension Gap Is Growing as Aging Becomes Economic Risk (Bloomberg)
• PENSION PULSE: Will Public Pensions Sink Illinois? (blog - Leo Kolivakis)

June 26, 2017

• When Will the California Supreme Court Rule on Pension Cuts? (blog - Ed Mendel / Calpensions)
• Trinity County Waterworks District #1 in Hayfork Hit With $1.5 Million Termination Bill From CalPERS (Amy Gittelsohn / Trinity Journal)$$
• SoCal Cities Work to Pull Down Rising Cost of Pension 'Mess' (Hillary Davis, Luke Money, Ben Brazil & Bryce Alderton / Daily Pilot)
• Meaningful California Pension Reform Needed (op-ed - Mike Posey / Orange County Register)
• A Sad Day for Truth-Telling in Sacramento (David Crane / Medium)
• Pittsburg, California Faces Paying More to CalPERS for Employee and Retiree Pensions (Sam Richards / East Bay Times)
• Why Redlands Is Preparing for an Increase in Contributions to CalPERS (Sandra Emerson / Redlands Daily Facts)
• San Rafael’s Pension Plan Headed Into Risky Territory (letter - Paul Premo / Marin Independent Journal)
• Laguna Beach City Council to Adopt Two-Year Budget Tuesday (Bryce Alderton / Daily Pilot)
• Don’t Blame City Employees for Lompoc's Budget Mess (column - Ron Fink / Santa Maria Times)
• What Citizen Taxpayers Should Know About the California Budget (op-ed - Jon Coupal / Orange County Register)
• Public Pensions: Why It's Important to Keep Watching (blog - Mary Pat Campbell / STUMP)
• Why Pensions Are Set to Eat the New York City's Budget (editorial - New York Post)
• A Billion Here, a Billion There: New York City and Pensions Coming Due (editorial - New York Daily News)
• New Jersey Pension Lottery: Reporting Lies (blog - John Bury / Burypensions)
• Bevy of Pension Bills Head Into Final Days of Rhode Island Assembly Session (Katherine Gregg / Providence Journal)
• The Meltdown in Illinois (editorial - Providence Journal)
• Liberal Illinois About to Get Downgraded to 'Junk Bond' Credit Status (Stephen Kruiser / Independent Journal Review)
• Chicago Police Union Responds to LGIS Analysis of Pension Fund (Chicago City Wire)
• What Illinois Gov. Rauner Really Walked Into (editorial - Chicago Tribune)
• Most Pennsylvania School Districts Are Raising Taxes, Reducing Staff to Meet Rising Pension Costs (Dawn Goodman / Observer-Reporter)
• Colorado Public Pension Fund's 2016 Annual Report Shows Unfunded Liabilities Increased by 20% (John Frank / Denver Post)
• MBTA Wants to Take an Ax to Retirement Benefits (Adam Vaccaro / Boston Globe)
• High Police and Fire Pension Rates Send Arizona Lawmakers Scrambling (Associated Press)
• Puerto Rico Governor to Fight Proposed Furloughs, 10% Pension Cuts (Danica Coto / Associated Press)
• After Puerto Rico's Debt Crisis, Worries Shift to Virgin Islands (Mary Williams Walsh / New York Times)
• Report Finds 'Unscrupulous Accounting' Practices Widespread Among State Pension Plans (Michael Katz / Chief Investment Officer)
• Most State Pension Plans Paper Over Unfunded Liabilities, Says New Report (press release - North Carolina State University)
• READ THE REPORT: 'Sweat the Small Stuff' (Diebold, Reitano & McDonald / Contemporary Economic Policy)
• Pension Divestment Affects Everyone (video - Doug Kellogg / Reclaim New York)
• PENSION PULSE: The Bezos and Buffett Effect? (blog - Leo Kolivakis)

June 25, 2017

• WEEKEND SPOTLIGHT SoCal Cities Work to Pull Down Rising Cost of Pension 'Mess' (Hillary Davis, Luke Money, Ben Brazil, Bryce Alderton / Daily Pilot)

June 24, 2017

• WEEKEND SPOTLIGHT: A Sad Day for Truth-Telling in Sacramento (David Crane / Medium)

June 23, 2017

• Pension Pomperipossa: Destroying California's Cities (John Mirisch / CityWatch LA)
• Distressed City of San Bernardino Exits Bankruptcy, But There's More Distress Ahead (Steven Greenhut / The American Spectator)
• Assembly Bill 20 Would Worsen California's Public Pension Crisis (op-ed - Wayne Winegarden / Orange County Register)
• The Pension Treadmill Is Accelerating—and Governments Can’t Possibly Keep Up (The American Interest)
• GOLDEN OLDIE: The Pension Crisis Is Too Big for Markets to Ignore (Danielle DiMartino Booth / Bloomberg)
• California Advances Proposal to Pay Down Pension Debt (Ben Bradford / Capital Public Radio)
• Hedge Funds Are No Place for Public Pension Investments (op-ed - Leland H. Faust / San Francisco Chronicle)
• Pension Funds Have $4 Trillion Hole; Even a 5% Market Decline Could Be Catastrophic (Mark Melin / ValueWalk)
• Public Pension Funding Dropping Even With Contribution Hikes (David B. Brandolph / Bloomberg BNA)
• More Than Half of New Teachers in America Won't Qualify for Any Pension, Says Study (Gary St. Fleur / ValueWalk)
• Pension Cuts Have Public Employees Worried (Lee Barney / PlanSponsor)
• Most Public Pensions Received Insufficient Employer Contributions (PlanSponsor)
• Bleak Pension Forecasts (column - Liz Farmer / Governing)
• Public Pension Liabilities Vastly Outpacing Contributions Despite Higher Payments — Report (Hazel Bradford / Pensions & Investments)$$
• Moody’s: Public Pension Liabilities Unlikely to Get Reprieve Over Next 3 Years (Meaghan Kilroy / Pensions & Investments)$$
• Providence's Pension Investment Board Cancels Another Meeting; System Is Only 25% Funded (Dan McGowan / WPRI-TV)
• Illinois and California Are in a Race to See Whose Economy Can Go Belly-Up First (Hayden Ludwig / Capital Research)
• Illinois State Official: 'We Are in Massive Crisis Mode, This Is Not a False Alarm' (blog - Nancy Hayes / Joe for America)
• Scranton Pension Mess Doubles the Chutzpah (editorial - Times-Tribune)
• The $4 Trillion Pension Problem (Lisa Abramowicz / Bloomberg Businessweek)
• PENSION PULSE: GE Botches Its Pension Math? (blog - Leo Kolivakis)

June 22, 2017

• America's Pension Crisis Won't Be Reversed by High Returns, Moody's Says (Kristy Westgard / Bloomberg)
• Southern California Firefighters Pull in a Quarter-Million Dollars in Overtime, and Then Some (Teri Sforza / Orange County Register)
• Illinois' Fiscal Mess Is All Too Familiar to Californians (column - Adam B. Summers / Orange County Register)
• Divided Costa Mesa City Council Approves Budget Amid Pension-Debt Concerns (Louis Casiano Jr. / Orange County Register)
• Tugged by Rising Employee Benefits Costs, Santa Monica-Malibu School District Budget Rises 5% (Niki Cervantes / Santa Monica Lookout)
• The Immorality of the Fossil-Fuel Divestment Campaign (Benjamin Zycher / Investor's Business Daily)
• Chicago's Police Pension Fund Will Be Broke in 2021, Says Projection (Chicago City Wire)
• NASRA ARC Outlier: New Jersey (blog - John Bury / Burypensions)
• Michigan Legislation Guards Against Pension Risks (op-ed - Arlan Meekhof / Detroit Free Press)
• Chicago Public Schools Borrows $275 Million for Teachers' Pension Fund, Seeks Additional $112 Million (Chris Butera / Chief Investment Officer)
• Pennsylvania Pensions: Liability Trends (blog - Mary Pat Campbell / STUMP)
• A Budget by Microwave Does Pennsylvania No Good (editorial - Lancaster Online)
• Postal Service Wants Independence Without Responsibility Again (Brian McNicoll / Townhall)
• General Electric Botches Its Pension Math (Nir Kaissar / Bloomberg)
• PENSION PULSE: PSP Pushes Further Into Renewables? (blog - Leo Kolivakis)

June 21, 2017

• San Diego Begins to Solve the Pension Problem — as California Sinks (Chriss W. Street / Breitbart California)
• Soaring Overtime Pay Boosted Orange County Fire Captain's Pay to Over $500,000 Last Year (Robert Fellner / Transparent California)
• California Taxpayers Can't Afford John Chiang's CalPERS Proposal (editorial - Fresno Bee)
• NEW REPORT: The Never-Ending Hangover: How New York City's Pension Costs Threaten Its Future (E.J. McMahon & Josh B. McGee / Manhattan Institute)
• Michigan Teacher Retirement Overhaul Bill Heads to Governor to Sign (Michael Gerstein / Detroit News)
• Pennsylvania's Pension Reform Comes Up Short (editorial - The Derrick)$$
• City of Houston Plans to Play Hardball With Firefighters Union Over Contract (Rebecca Elliott / Houston Chronicle)
• A New Paper on Open Amortization (blog - John Bury / Burypensions)
• PENSION PULSE: OTPP Building New Careers? (blog - Leo Kolivakis)

June 20, 2017

• NEW GRAND JURY REPORT: 'The San Francisco Retirement System: Increasing Understanding and Adding Voter Oversight' (pdf - San Francisco Grand Jury)
• Jerry Brown's Big Skim: Pension Loan's Potential Profits Could've Been Used for Government Services (David Crane / Medium)
• California's Boldest Pension Reform: San Diego Five Years Later (blog - Ed Mendel / Calpensions)
• NY Times Sends Cease & Desist Letter to CalPERS for Massive Copyright Infringement (Yves Smith / Naked Capitalism)
• 'Heads Should Roll at CalPERS': Who Should Be Held Accountable for Massive Copyright Infringement? (Yves Smith / Naked Capitalism)
• Pay Raises for CalPERS Top Brass on Deck (Rennie Svirnovskiy & Adam Ashton / Sacramento Bee)
• California Legislators and Gov. Jerry Brown Get Another Pay Raise (Christopher Cadelago / Sacramento Bee)
• City of San Bernardino, California Is Officially Out of Bankruptcy (Ryan Hagen / San Bernardino Sun)
• The Alameda Corridor Ponzi Scheme (Jack Humpheville / CityWatch LA)
• The Truth Behind New Jeresy's Lottery Gimmick (blog - John Bury / Burypensions)
• Chicago Public Schools Borrow $275 Million at Sky-High Interest Rate (Lauren Fitzpatrick & Fran Spielman / Chicago Sun-Time
• PENSION PULSE: Caisse Enters Aircraft Leasing Business? (blog - Leo Kolivakis)

June 19, 2017

• Gov. Brown Touts a Comprehensive California Budget, But There's One Thing Sorely Missing (column - Dan Walters / Fresno Bee)
• California Elects Not to Pay Down Pension Debt, Yet Governor Brown Promises Savings (David Crane / Medium)
• Pension Time Bomb Will Make Its Way to the Oroville Council Meeting for Discussion Tuesday (Ashiah Scharaga / Oroville Mercury Register)
• Marin County Grand Jury Report Provides Pension Facts Public Should Know (editorial - Marin Independent Journal)
• California Finances Still in Trouble, Says New Report (State Data Lab / Truth in Accounting))
• DOWNLOAD THE REPORT: 'The Financial State of California 2016' (pdf - State Data Lab)
• El Dorado Irrigation District Has Concerns About How to Pay the Growing Cost of Pensions and Healthcare (Dawn Hodson / Village Life)
• The Truth Behind Claims of Vast Piles of San Diego County Cash (Lisa Halverstadt / Voice of San Diego)
• Prosecutor Wins Seat on Ventura County Pension Board (Kathleen Wilson / Ventura County Star)
• US Pension Crisis (blog - John Bury / Burypensions)
• Michigan Adopts Most Innovative Teacher Pension Reform in the Nation (Anthony Randazzo, Leonard Gilroy & Daniel Takash / Reason Foundation)
• Pennsylvania Pension Trends: Assets (blog - Mary Pat Campbell / STUMP)
• Prolonging Payment of Pension Debt Could Cost Phoenix Taxpayers $2.3 Billion (Dustin Gardiner / Arizona Republic)
• Guess Who Loses When Pension Plans Hit Hard Times (op-ed - Steve Butler / San Jose Mercury News)
• PENSION PULSE: Is The Fed Making a Huge Mistake? (blog - Leo Kolivakis)

June 18, 2017

• WEEKEND SPOTLIGHT: Marin County Grand Jury Report Provides Pension Facts Public Should Know (editorial - Marin Independent Journal)

June 17, 2017

• WEEKEND SPOTLIGHT: Michigan Adopts Most Innovative Teacher Pension Reform in the Nation (Anthony Randazzo, Leonard Gilroy & Daniel Takash / Reason)

June 16, 2017

• Unions Try to Make It Harder for California's Local Governments to Make Pension Payments (op-ed - Leonard Gilroy & Austill Stuart / OC Register)
• Pension Costs Continue to Burden Simi Valley's City Budget -- About 88% of It Goes to Salaries and Benefits (Melissa Simon / The Acorn)
• Santa Monica City Council Approves Record Payment Toward Unfunded Employee Pensions (Niki Cervantes / Santa Monica Lookout)
• CalPERS' Only Internal Watchdog Is on the Way Out (Chris Reed / CalWatchdog)
• CalPERS Speaks on Defending System From 'Pension Spiking' (Angela Underwood / Northern California Record)
• Illinois Is Collapsing: It's Coming Everywhere (Karl Denninger / The Market Ticker)
• Illinois Budget Impasse: Now It's Serious -- Powerball and Mega Millions to Withdraw (blog - Mary Pat Campbell / STUMP)
• America's First Failed State: Illinois (Bill Bonner / Capital & Conflict)
• Could Illinois Be the First State to File for Bankruptcy? (Aimee Picchi / CBS MoneyWatch)
• Retirement Security Initiative Commends Michigan Legislature for Passage of Pension Reform; Urges Gov. Snyder to Sign Bill (press release)
• Florida Governor Signs State Worker Pay Raise - Comes With Benefits Change (James Call / Tallahassee Democrat)
• 'Madoff Whistleblower' Has Uncovered a New Fraud in Massachusetts' Boston Transit Authority (Tyler Durden / Zero Hedge)
• PENSION PULSE: OTPP's New Infrastructure Approach? (blog - Leo Kolivakis)

June 15, 2017

• David Crane Makes One Last Plea to California Legislators to Stop Jerry Brown’s $6 Billion Loan to CalPERS (PensionTsunami.com)
• Newport Beach Approves 2017-18 Budget; Will Focus on Paying Down Pension Debt (Louis Casiano Jr. / Orange County Register)
• CalPERS Considers Pay Raises for Top Executives in Delicate Move (Alicia Ritcey & Jenn Zhao / Bloomberg)
• CalPERS to Vote on Bonus Eligibility, Raises for Top Investment Staff (Randy Diamond / Pensions & Investments)
• Pennsylvania Senate Hybrid Pension Bill Passes But Leaves Much to Be Desired (Gary St. Fleur / VaueWalk)
• Pennsylvania Passes Pension 'Overhaul' (The American Interest)
• Pension Reform Stops the Bleeding in State, School District Budgets (op-ed - Heather Cevasco / Pennsylvania Senate Republicans)
• Nevada's Public Pension Liabilities Are Estimated to Be as High as $50 Billion (editorial - Las Vegas Review-Journal)
• Houston Pension Solution Challenged by Firefighters, Expert Says City in a 'World of Trouble’ if Courts Rule Against (David Yates / SE Texas Record)
• New Law Aims at Putting Dallas Pensions on Solid Footing (column - Anil Niraula / Townhall)
• North Carolina Treasurer Touts Millions in Savings for State Pension Plan as South Carolina Manages Massive Pension Shortfall (Nick Ochsner / WBTV)
• New Mexico Pension Fund Confronts Rising Obligations, $12.6 Billion Unfunded Liability (News Tribune)
• Public Pensions Are Slated for Slower Growth, Says Fitch Ratings (Gary St. Fleur / ValueWalk)
• Pension Shift to Defined Contribution Plan Proposed in Old Saybrook, Connecticut (Becky Coffey / Zip06)
• Gov. Christie Betting That Lottery Can Bail Out New Jersey's Troubled Pensions (Geoff Mulvihill / Associated Press)
• Environmentalists Demand Trillions in Lower Returns for Pensions (Matt Mackowiak / National Review)
• IRS' Delay in Implementing Mortality Tables Means Plan Contributions, PBGC Premiums May Rise (Michael Katz / Chief Investment Officer)
• PENSION PULSE: PSP Investments Gains 12.8% in Fiscal 2017 (blog - Leo Kolivakis)

June 14, 2017

• Santa Ana, California Confronts Big Budget Shortfalls Due to Rising Pension Costs and a Slowdown in Revenue (Nick Gerda / Voice of OC)
• San Diego Says Ruling That Vindicated Pension Reform Was Sound (David Garrick / San Diego Union-Tribune)
• California State Senator Moorlach Explains His Reasoning on Supporting Governor's $6 Billion Loan to CalPERS (blog - John Moorlach's Posting
• Public Pension Liabilities Are Understated by Trillions, Says New Study from Stanford University’s Hoover Institution (Gary St. Fleur / ValueWalk)
• In Many States, the Pension Time-Bomb Is Ticking (op-ed - Jesse Hathaway / Washington Examiner)
• How Teacher Pension Plans Cheat Thousands Out of the Retirement Savings They Deserve (op-ed - Chad Aldeman & Kirsten Schmitz / New York Daily News)
• NEW REPORT: 'Retirement Reality Check: Grading State Teacher Pension Plans' (Kirsten Schmitz & Chad Aldeman / TeacherPensions.org)
• DOWNLOAD THE REPORT: 'Retirement Reality Check: Grading State Teacher Pension Plans' (pdf - TeacherPensions.org)
• Chicago Property Tax Bills Going Up 10% This Year to Pay for Police, Fire and Teacher Pensions (Hal Dardick / Chicago Tribune)
• Pennsylvania Pensions: Nibbling at the Edges (blog - Mary Pat Campbell / STUMP)
• Pennsylvania Pension Reform (PPR) – (3) Real Result (blog - John Bury / Burypensions)
• Michigan's Current Pensions Are a Fiscal Cancer (column - John Reilly / Detroit News)
• PENSION PULSE: IPCM 2017: A New World For Pensions? (blog - Leo Kolivakis)

June 13, 2017

• Our City Fathers Are Ignoring Los Angeles' Pension Elephant … and Why You Should Care (Jack Humphreville / CityWatch LA)
• Rising Pension Costs Dominate Pleasanton, California City Council's Budget Review (Jeremy Walsh / Pleasanton Weekly)
• EDITORIAL CARTOON: California's Public Pension Debt and the Taxpayers (Lisa Benson/ Press Democrat)
• Houston Pension Plan Fix Is a Sign of Progress (op-ed - Josh McGee / Houston Chronicle)
• Pennsylvania Governor Signs Major Public Pension Reform Legislation (Marc Levy / Philadelphia Tribune)
• Pennsylvania Pension Reform Is a Win for Workers and Taxpayers (press release - Retirement Security Initiative)
• Pennsylvania Pension Reform (PPR) – (2) Choices (blog - John Bury / Burypensions)
• Are Public Pensions a Thing of the Past? Pennsylvania Fund Went From $20 Billion Surplus to $70 Billion Deficit (PAHomepage)
• Why You Shouldn't Believe the Illinois Budget Deficit Numbers Released This Week (Mark Glennon / WirePoints)
• Michigan Teacher Pension Reform Forging Ahead (WILX TV 10)
• Another Lost Year in Pensionland (Mark Haveman / Minnesota Center for Fiscal Excellence)

June 12, 2017

• Jerry Brown's Pension Loan Does NOT Pay Down CalPERS Pension Obligations (David Crane / Medium)
• Jerry Brown's Loan to CalPERS Needs More Scrutiny (editorial - Press Democrat)
• Grand Jury Sees $1 Billion Shortfall in Marin County's Public Pensions (Keri Brenner / Marin Independent Journal)
• Port Hueneme Police Union Files Claim Against City Over Social Security, Medicare (Arlene Martinez / Ventura County Star)
• Still Far Apart on Shortfall Solution, Lompoc Council Extends Budget Deadline 2 Months (Janene Scully / Noozhawk)
• Social Services Layoffs Among Cuts Proposed in $1.07 Billion Santa Barbara County Budget (Giana Magnoli / Noozhawk)
• Is the California Highway Patrol Commissioner Leaving? He's a Finalist to Become UC Davis' Police Chief. (Diana Lambert / Sacramento Bee)
• Ohio's Public-Employee Pensions Face Cutbacks (Alan Johnson / Columbus Dispatch )
• Michigan May Soon Enroll Teachers in 401(k)-Type Retirement Plans (Brenda Iasevoli / Education Week)
• New Law Will End Pensions for Michigan Public Employees Who Commit Fraud (Ross Jones / WXYZ Detroit)
• Wait Until July to Downgrade Illinois' Bonds to Junk -- for the Subprime Anniversary (Mark Glennon / Wirepoints)
• Debating the Best Approach to Funding Kentucky's State Employee Pensions (op-ed - John Gregory / Insider Loiusville)
• Pennsylvania Pension Reform (PPR) – (1) Introduction (blog - John Bury / Burypensions)
• Pennsylvania's Pension Time Bomb Is Still Ticking (editorial - Delaware County Daily Times)
• EDITORIAL CARTOON: Pennsylvania's Pension Time Bomb Is Still Ticking (Delaware County Daily Times))
• A First Step in Pension Reform for Pennsylvania, But More Needed (editorial - Times Leader)
• Texas's Tough Pension Laws May Not Apply in Other States (Claudia Lauer / Associated Press)
• Hartford Mayor Details Proposal for Defined Contribution Plan (Vinny Vella / Hartford Courant)
• Clean Up Oregon's PERS (op-ed - Allen Alley / The Oregonian)
• Want to Divest Your Pension Fund From Fossil Fuels? Good Luck With That (Jazz Shaw / Hot Air)
• Supreme Court Justices Side With Religious Hospitals in Pension Dispute (Sam Hananel / Associated Press)
• Retirees Were Promised Pensions. Globally, We're Going to Be $400 Trillion Short (Sam Becker / The Cheat Sheet)
• Puerto Rico Link Dump: World of Pain (blog - Mary Pat Campbell / STUMP)
• Puerto Rico Upholds Statehood Demand in Contentious Vote (Danica Coto / Associated Press)
• PENSION PULSE: OPTrust Boosts Internal Management? (blog - Leo Kolivakis)

June 11, 2017

• WEEKEND SPOTLIGHT: Jerry Brown's Loan to CalPERS Needs More Scrutiny (editorial - Press Democrat)

June 10, 2017

• WEEKEND SPOTLIGHT: Grand Jury Sees $1 Billion Shortfall in Marin County's Public Pensions (Keri Brenner / Marin Independent Journal)

June 9, 2017

• All California Politicians Need to Confront Pension Shortfall (editorial - Chico Enterprise-Record)
• Questions Raised About Jerry Brown's California Pension Payment Plan (Kyle Glazier / The Bond Buyer)$$
• A Risk Worth Taking to Cut CalPERS' Pension Liabilities (editorial - Los Angeles Times)
• Pennsylvania Public Pension Reform Bill Heads to Governor (Sun-Gazette)
• Police and Fire Pension Crisis Ongoing In Dallas (KTTV-TV)
• Some Dallas Pension Fund Executives to Share Nearly Million Dollar Payout (CBS Dallas)
• Why Vermont Has a Compounded Pension Problem (op-ed - Art Woolf / Burlington Free Press)
• A New Low in New Jersey Pension Issue (blog - John Bury / Burypensions)
• IMF Urges Millennials to Prepare for 'Pension Shock' (Michael Katz / Chief Investment Officer)
• PENSION PULSE: Citadel's Ken Griffin Warns of Inflation? (blog - Leo Kolivakis)
• EXCELLENT VIDEO: California's Local Government Pensions and the CalPERS Time Bomb (Costa Mesa Brief)

June 8, 2017

• Poll Finds California's Local Officials Are Divided on Top Policy Issues – Except for Pensions (Robb Korinke / California Policy Center)
• California Gov. Brown Leveraging Payroll in Pension Scheme That Bankrupted Orange County in 1994 (Chriss W. Street / California Political Review)
• Marin County Grand Jury Explains Pension Crisis (blog - Encinitas Undercover)
• Queen of the Double-Dippers: Roush Collects From San Diego State University (Matt Potter / San Diego Reader)
• Larkspur, Corte Madera to Draft JPA Agreement for Fire Merger; Biggest Roadblock Is CalPERS (Adrian Rodriguez / Marin Independent Journal)
• CalSTRS Agrees to Divest Non-U.S. Thermal Coal Assets (Robin Respaut / Reuters)
• Report: Fossil Fuel Divestment Would Cost Pension Funds Trillions, Meaning Reduced Pensions, Taxpayer Bailouts (Brent Scher / Free Beacon)
• Pennsylvania's Pension Reform Bill: No Taxpayer Relief, and Other Things You Need to Know (editorial - PennLive)
• Pennsylvania Pension Bill Is Not True Reform (editoral - The Citizens' Voice)
• Finally, Treatment for Pennsylvania's Ill Pension System (editorial - The Daily Item)
• Illinois’ Pension Debt Grew by $25 Billion During 2011 Income Tax Hike (Michael Lucci / Illinois Policy)
• Illinois Scoop: Pension Lottery Jackpots Ahead for Top Legislators; Madigan, Cullerton Set to Strike It Rich (op-ed - Austin Berg / Sauk Valley.com)
• Illinois Debt Soon Likely to Be Junk: S&P (column - Greg Hinz / Crain's Chicago Business)$$
• No Agreement on Teacher Pensions Yet as Michigan Budget Rolls Forward (Emily Lawler / MLive)
• Houston Mayor Says City Could Issue Pension Bonds Without Public Vote (Mike Morris / Houston Chronicle)
• PENSION PULSE: Are Millennials Prepared for Pension Shock? (blog - Leo Kolivakis)

June 7, 2017

• Prison Unions Punish California Taxpayers (Steven Greenhut / California Policy Center)
• Many California Inland Empire Public Employees Have It Made (editorial - San Bernardino Sun)
• Menlo Park's Pension Costs Expected to More Than Double in Next Decade (Kate Bradshaw / The Almanac)
• Marin Agencies Wise to Invest in Future Employee Benefits Costs Today (op-ed - John McCauley / Marin Independent Journal)
• The Case for Defined Contribution Retirement Plans (Wayne Winegarden / Fire Chief)
• DWP Ratepayers Get Screwed … Thanks to the Mayor and the City Council (Jack Humphreville / CityWatch LA)
• New US Census Data Show Ohio's Pension Woes (column - John Damschroder / News-Messenger)
• Pension Byrne (blog - John Bury / Burypensions)
• More Hartford Woes: Too Many Property-Tax-Exempt Government Properties (blog - Mary Pat Campbell / STUMP)
• Pennsylvania to Move Teachers, State Workers to Hybrid Pension Plans (Andrea Fox / Efficient Gov)
• Pennsylvania Legislature Takes a Significant, and Long Overdue Step Toward Pension Reform (editorial - Lancaster Online)
• Kentucky Pensions Even Closer to the Brink: New Assumptions, New Report (blog - Mary Pat Campbell / STUMP)
• Geeking Out: Testing Kentucky ERS to Death (blog - Mary Pat Campbell / STUMP)
• New York State's Pension Overseer Resists Push to Dump Oil Stocks (Joe Mahoney / Union-Sun & Journal)
• Democrats Propose Employee Cost-Sharing in Oregon's Pension Fund (Ted Sickinger / The Oregonian)
• Pension Worries Dominate Public Hearing on Nashua Budget (Kimberly Houghton / New Hampshire Union Leader)
• PENSION PULSE: Rating Agencies Target US Public Pensions? (blog - Leo Kolivakis)

June 6, 2017

• NEW REPORT: 'The Budget Squeeze: How Will Marin Fund Its Public Employee Pensions?' (pdf - Marin County Civil Grand Jury)
• VIDEO SUMMARY: 'The Budget Squeeze: How Will Marin Fund Its Public Employee Pensions?' (Marin County Civil Grand Jury)
• California's Local Elected Officials Divided on Top Political & Policy Issues — Except One: Pensions (Robb Korinke / Fox & Hounds)
• Ratings Agency Calls Public Pension Returns Into Question (The American Interest)
• The Number of Workers Receiving Benefits Rises as Public Pension Fund Earnings Decline (Gary St. Fleur / Value Walk)
• Here Goes Hartford and Connecticut: Aetna HQ to Leave, State Trying to Avoid Bankruptcy (blog - Mary Pat Campbell / STUMP)
• New Pennsylvania Pension Proposal Barely Moves Needle on Costs; Carries Modest Cuts in Benefits for Future Hires (Charles Thompson / PennLive)
• Illinois Credit Downgrade Proves Public Pensions Should Be Outlawed (Jeffrey Dorfman / Forbes)
• 'What's Worse Than Worst'? We've Begun to Find Out in Illinois (editorial - The Dispatch-Argus)
• After State's Action, Dallas and Houston Still Have Pension Hurdles to Clear (Richard Williamson / The Bond Buyer)$$
• Teacher Pension Fight Pits Portability vs. Risk (Jonathan Oosting / Detroit News)
• Massachusetts Finances Get an 'F' (Truth in Accounting / Boston Patch)
• 80% Pension Fundedness: An Excellent Example and the Usual Disappointments (blog - Mary Pat Campbell / STUMP)
• GOLDEN OLDIE: Retirement Security Requires Fully Funding Public Pension Plans (Anthony Randazzo & Leonard Gilroy / Forbes)
• Breaking News: Supreme Court Rules on Church Pension Plans (blog - John Bury / Burypensions)
• PENSION PULSE: Another Greek Pension Crisis? (blog - Leo Kolivakis)

June 5, 2017

• California's Local Government Pensions and the CalPERS Time Bomb (video - Costa Mesa Brief)
• Escalating Retirement Plan Costs Will Constrict Chico, California's City Funds (Ashiah Scharaga / Enterprise-Record)
• Stockton, California: Reasonable Steps for Unmet Needs (Roger Phillips / Stockton Record)
• Fairfax, California's Council Considers Tapping Reserves for Pensions (Richard Halstead / Marin Independent Journal)
• Maverick CalPERS Board Member Won't Run Again (blog - Ed Mendel / Calpensions)
• Reason's Pension Reform Newsletter - May 2017 (Leonard Gilroy & Anthony Randazzo / Reason Foundation)
• Pension Reform in Texas, Fitch Lowers Expectations, and Illinois Downgraded Again (Liz Farmer / Governing)
• South Carolina Pension Deal Will Hit Cities, Counties, Schools Hard (Cassie Cope / the State)
• Pennsylvania Senate Poised to Vote on Pension Overhaul Today (Amy Wadas / CBS Pittsburgh)
• Illinois Steps to the Edge: No Budget, Credit Downgrade, Stupid Tax Idea (blog - Mary Pat Campbell / STUMP)
• Would Congress Authorize Bankruptcy for Illinois and Other States? Yes, Inevitably. (Mark Glennon / Wirepoints)
• Study Finds Illinois' Public Pensions Are Worse Off Than State Claims (Michael Carroll / Illinois News Network)
• A New Low in the New Jersey Pension Issue (blog - John Bury / Burypensions)
• Shifting New Jersey Lottery to Pensions Is a Gamble (Daniel Takash & Anthony Randazzo / Reason Foundation)
• Illinois Down; New Jersey Out (blog - John Bury / Burypensions)
• Can You Afford to Reach 100? (John Mauldin / Mauldin Economics)
• PENSION PULSE: Prepare For a US Slowdown? (blog - Leo Kolivakis)

June 4, 2017

• WEEKEND SPOTLIGHT: Local Government Pensions and the CalPERS Time Bomb (video - Costa Mesa Brief)

June 3, 2017

• WEEKEND SPOTLIGHT: Increasing Retirement Plan Rates Will Constrict Chico, California's City Funds (Ashiah Scharaga / Enterprise-Record)

June 2, 2017

• California Uses One State Credit Card to Pay Off Another (blog - Christian Britschgi / Reason)
• San Luis Obispo County's Six-Figure Pension Club Soars (Josh Friedman / Cal Coast News)
• Public Administrators See Financial Crisis Ahead for California Municipalities (David Kersten / Fox & Hounds)
• In California, Even Some Dogs Might Get State Pensions (column - Jim Miller / Sacramento Bee)
• California State Assembly Votes to Direct CalPERS, CalSTRS to Divest From Turkey (Siranush Ghazanchyan / Public Radio of Armenia)
• Critics Warn $1 Billion Spending Plan Could Be Too Rich for Sacramento With Pension Costs Poised to Skyrocket (Anderson & Hosseini / News & Review)
• S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a US State (Elizabeth Campbell / Bloomberg)
• In Texas, Some Rare Good News About Cities With Pension Woes (Mary Williams Walsh / New York Times)
• Houston and Dallas Pension Bills Signed: Now What? (blog - Mary Pat Campbell / STUMP)
• Houston Firefighters Sue City Over Pension Reform Law (Mike Morris / Houston Chronicle)
• Oregon's Governor Appoints Task Force to Cut Pension Deficit (Ted Sickinger / The Oregonian)
• Oregon's Budget Disaster: Coming Soon to Your Own State Capitol (Akash Chougule / Forbes)
• Buying New Jersey's Governorship (blog - John Bury / Burypensions)
• Fitch Ratings Will Now Be Discounting Pension Liabilities at a Fixed 6% Assumed Rate of Return (Kyle Glazier / The Bond Buyer)
• American Horror Story: The 100-Year Life (John Lohr / Seeking Alpha)
• US Treasury Department Rejects Benefits Cuts for Automotive Industries Pension Plan (Michael Katz / Chief Investment Officer)
• PENSION PULSE: The UK's State Pension Shame? (blog - Leo Koivakis)

June 1, 2017

• Borrowing to Fund Pensions Could Make California the Next Puerto Rico (Marc Joffe / California Policy Center)
• CalPERS Cost Will Double to $19.5 Million in 5 Years for the City of Manteca (Dennis Wyatt / Manteca Bulletin)
• California Health Care Financing Bill Is Based on a False Premise (David Crane / Medium)
• The Demographic Divide: A Police State of Mind (column - Danielle DiMartino Booth / Nasdaq)
• Unions Put Major Muscle Behind Their Capitol Agenda in California (column - Dan Walters / Sacramento Bee)
• Texas Governor Signs Houston Pension Reform Bill Into Law (KHOU-TV)
• Texas Governor Signs Dallas Police and Fire Pension Bill Into Law (Tristan Hallman / Dallas Morning News)
• Poor Land Deals Pushed Dallas Pension Fund Toward Insolvency (Associated Press / Bradenton Herald)
• Pennsylvania's Pension Vacuum Needs to Be Turned Off (column) (op-ed - Rep. Kate Klunk / York Daily Record)
• Puerto Rico Budget to Protect Pension Payments: Governor (Nick Brown / Reuters)
• An Illinois Pension Primer Gets to the Heart of the Problem (Dennis Byrne / Chicago Now)
• Why Illinois's Non-Budget Is Actually the Worst Budget Ever (Amanda Kass / Chicago Magazine)
• Bill to Stop Cop Pension Double Dipping in Illinois, Based on Naperville Case, Passes (Chacour Koop / Daily Herald)
• Continuing Public Pension Reforms Could Hurt the Economy, Says New NCPERS Report (Rebecca Moore / PlanSponsor)
• The Soul of the First Amendment (blog - John Bury / Burypensions)
• Pension Plan Executives Need to Plan Ahead for New Mortality Tables — Report (Hazel Bradford / Pensions & Investments)
• World's Eight Largest Pension Systems Will Have $400 Trillion Gap by 2050 (Michael Katz / Chief Investment Officer)
• PENSION PULSE: Big Departures at Dutch Pension Giants? (blog - Leo Kolivakis)

May 31, 2017

• Gov. Brown’s Pension Plan Gets Mixed Reviews From Reformers (Steven Greenhut / CalWatchdog)
• Step One: Recognize the Public Pension Crisis (Wayne Winegarden / Forbes)
• Pension Debt Yielding a Grim Outlook for Local Governments Nationwide (op-ed - Charles Blain / The Hill)
• Pension Fund Depletion Date Anomalies in the Census Data (blog - John Bury / Burypensions)
• Who Pays and When: How Dallas' Pension Fix Works (Stephen Young / Dallas Observer)
• Ex-Suburban Illinois Teacher Convicted of Sex Assault Can Keep $76,000/year Pension (Jamie Sotonoff & Christopher Placek / Daily Herald)
• Why Do Taxpayers Get the Bill for a Union President’s Pension? (Alex Cortes & Jarrett Skorup / Wall Street Journal)$$
• Teamsters to Propose Fix for Pensions, But Will It Work? (David B. Brandolph / Bloomberg)
• PENSION PULSE: The $400 Trillion Pension Time Bomb? (blog - Leo Kolivakis)

May 30, 2017

• California's Pension Reform Battleship (op-ed - J.D. Miller / Vallejo Times-Herald)
• 3 Reasons Cities Should Switch to 401ks (John Sullivan / 401k Specialist)
• California Lawmakers Consider Gov. Brown's Gamble on Pension Money (Ben Christopher / San Francisco Chronicle)
• Former LAUSD Superintendent Draws Remarkable $238,000 Pension (Marc Joffe / CityWatch LA)
• California's State-Run 'Secure Choice' Private Retirement Program Up Against Powerful Federal Law (Chris Reed / CalWatchdog)
• Census Bureau: Public Pension Contributions Rise 6.6% in 2016 But Assets Fall 1.6% (Rob Kozlowski / Pensions & Investments)
• Depletion Dates for State Pension Funds (blog - John Bury / Burypensions)
• US Pension Crisis Picking Up Full Speed (Martin Armstrong / Armstrong Economics)
• The American Retirement System Is in Trouble (The American Interest)
• Retirement Policies Need to Change to Address Longer Life Expectancy (Rebecca Moore / PlanSponsor)
• Global Pension Timebomb: Funding Gap Set to Dwarf World GDP (Stella Papadopoulou / Modern Diplomacy)
• Pensions Time-Bomb for World's Biggest Economies Could Explode to $400 Trillion, Says World Economic Forum (Sam Meredith / CNBC)
• World Economic Forum Predicts '$224 Trillion Retirement Gap' (Seriously) (John Sullivan / 401K Specialist)
• UK Retirement Age Could Hit 80 as Pensions Deficit Sets Off Time Bomb (Ben Chapman / Independent)
• Is Alaska on the Path to an Illinois-Type Crisis? (Kyle Glazier / The Bond Buyer)
• Pension Bill Headed to Missouri's Governor (Dan Hegeman / Maryville Daily Forum)
• Pennsylvania's Auditor General Blasts Pension System Over Fees (John Finnerty / Daily Item)
• Georgia: Macon-Bibb County Commissioners' Revelations Leads to Federal Pension Probe (Stanley Dunlap / The Telegraph)

May 29, 2017

• Growing Pension Costs Are Hitting California's New State Budget Hard (column - Dan Walters / Sacramento Bee)
• CalPERS 'Is Not Sustainable in Its Current Form' Modesto City Manager Tells Council (Kevin Valine / Modesto Bee)
• Who Killed Retirement Security? if You Look Closely, It Wasn't the 401(k) (Andrew G. Biggs / The Hill)
• Gov. Brown's Extra Pension Payment to CalPERS Follows City Lead (blog - Ed Mendel / Calpensions)
• Why California Lawmakers May Wait on Governor's Ambitious Pension Plan (Ben Christopher / San Bernardino Sun)
• Stanislaus County's Annual Employee Pension Cost to Exceed $75 Million (Ken Carlson / Modesto Bee)
• Why Two Attorneys Are Appealing San Bernardino's Bankruptcy Decision (Ryan Hagen / San Bernardino Sun)
• Priorities for Pension Funds: Climate Change, or Solvency? (blog - Mary Pat Campbell / STUMP)
• Census Data for Public Pension Plans Now Online (blog - John Bury / Burypensions)
• VIEW THE DATA: Annual Survey of Public Pensions: State & Local Data (United States Census Bureau)
• Connecticut, Home to Great Wealth, May Be Sinking Into a Fiscal Mire (Elizabeth Llorente / Fox News)
• The Moral Case for Letting Connecticut Go Under (Lewis M. Andrews / Real Clear Policy)
• Will There Be a Great Kentucky Pension Freeze? (op-ed - Jim Waters / Grayson County News-Gazette)
• Kentucky Pension Woes Put GOP on Quicksand (op-ed - Jim Paxton / Paducah Sun)$$
• Pennsylvania's Pension Debt Still Massive, Just Not as High as the 'Unofficial' Pension Clock Reflected (Jan Murphy / PennLive)
• Zippo Lights the Way on Pension Reform (op-ed - Nathan Benefield / PennLive)
• Taiwan Pension Reform Protesters Lob Bottles at Pingtung Council Members (China Post)
• PENSION PULSE: The Pension Prescription? (blog - Leo Kolivakis)

May 28, 2017

• WEEKEND SPOTLIGHT: CalPERS 'Is Not Sustainable in Its Current Form' Modesto City Manager Tells Council (Kevin Valine / Modesto Bee)

May 27, 2017

• WEEKEND SPOTLIGHT: The Moral Case for Letting Connecticut Go Under (Lewis M. Andrews / Real Clear Policy)

May 26, 2017

• Simi Valley, California Grapples With Rising Pension Costs, Which Account for About 15% of City's Budget (Melissa Simon / The Acorn)
• Should Felons Keep Their Full Public Pensions? (column - Daniel Borenstein / East Bay Times)
• Convicted Former Cop Keeps Hefty Pension, and Fresno Council Members Say That's Not Right (Lewis Griswold / Fresno Bee)
• REPORT: 'Hidden Debt, Hidden Deficits: How Pension Promises Are Consuming State and Local Budgets' (pdf - Joshua D. Rauh / Hoover Institution)
• THE $100,000 PENSION CLUB: Meet the 50,000 Retired California Public Employees Who Receive Pensions of $100K+ Per Year (California Policy Center)
• Assemblyman Bill Brough Pushing for California Pension Reform With ACA 15 (B.J. Hansen / My Mother Lode)
• California Bill ACA 15 Would Require a Vote Any Time a Government Entity Decides to Increase Pension Benefits (video - Press Conference)
• CalPERS Needs to Choose Reality Over Risk (editorial - Marin Independent Journal)
• Chicago Teachers Pension Fund Paid Out $1.5 Billion in 2016, Earned $7.8 Million (Chicago City Wire)
• You'll Never Guess What Rahm's Plan to Save Chicago Schools Is! (blog - Mary Pat Campbell / STUMP)
• The Hidden Cost of Taking NCPERS' Study Seriously (blog - John Bury / Burypensions)
• What Federal Actions Mean for Public Pensions (Kyle Glazier / The Bond Buyer)$$
• PENSION PULSE: How To Steal Millions From CalPERS? (blog - Leo Kolivakis)

May 25, 2017

• Newport Beach, California's Budget Outlook Is Good; Pension Debt Continues to Be a Challenge (Louis Casiano Jr. / Orange County Register)
• LIST: The 120 Members of the '$100,000 Pension Club' for the City of Newport Beach ($100K Club / California Policy Center)
• Fairfield, California's Measure P Sales Tax Wasn't Presented to Voters as Helping Cover Pension Costs, Panel Says (Ryan McCarthy / Daily Republic)
• SEARCHABLE DATABASE: Pension Data for the City of Fairfield's 457 Retired Employees (Transparent California)
• A Riverside, California City Employee Earned $257,000 Last Year — and That's Just Overtime (Jeff Horseman / Press-Enterprise)
• SEARCHABLE DATABASE: Total Pay and Benefits for the City of Riverside's 2,688 Employees in 2016 (Transparent California)
• Lack of Transparency in California's Public Contract Negotiations Would Lead to Higher Taxpayer Costs (Kerry Jackson / Fox & Hounds)
• Kids, Parks and Pensions: Mayor Steinberg Wants to Spend a Little More on Sacramento (editorial - Sacramento Bee)
• Puerto Rico Seeks Court’s Help to Save Public Pension System (Danica Coto / Associated Press)
• Puerto Rico's Faux Pension Reform (Ike Brannon / Weekly Standard)
• Trump's Proposed Retirement Changes Would Have Major Impacts on Current Feds and Retirees (Nicole Ogrysko / Federal News Radio)
• The Worst Funded State Retirement System (blog - John Bury / Burypensions)
• Why Fat Pensions Are Just a Tiny Part of Illinois' Pension Crisis (Jared Rutecki / Reboot Illinois)
• Not Even a Petite Bargain in Illinois Budget Wrangling (blog - Mary Pat Campbell / STUMP)
• Illinois' Public Pensions in Some Ways Mirror Madoff's Ponzi Scheme (column - Dan McCaleb / Illinois News Network)
• Ponzi Scheme: What the Chicago Teachers' Pension Fund Would Be Called if It Were a Hedge Fund (Tyler Durden / Zero Hedge)
• Don't Tinker With Michigan's Teacher Pensions (editorial - Detroit Free Press)
• Houston Mayor's Pension Plan Passes (video - What's Your Point? / Fox 26)
• Andover, Massachusetts' Taxpayers are on the Hook for Retiree Pension and Health Benefits (op-ed - Ross Elkin / The Townsman)
• Struggling Department Store Sears Strikes Debt and Pension Obligations Deals (Marianne Wilson / Chain Store Age)
• PENSION PULSE: The Big Squeeze on Pensions? (blog - Leo Kolivakis)

May 24, 2017

• Pension Problem Looms for Sacramento (Bob Moffitt / Capital Public Radio)
• Employee Costs Pose Major Fiscal Challenge for Santa Monica Officials (Niki Cervantes / Santa Monica Lookout)
• California Teachers Struggle as School Administrators Get Generous Pensions (Betty Yu / CBS San Francisco)
• The Real Reason Behind the California Single Payer Proposal -- Hint: It's Not About Health (David Crane / Medium)
• Analysis of Governor Jerry Brown's CalPERS Borrowing Proposal (California Legislative Analyst's Office)
• Progressively Bankrupt (Richard Epstein / Ricochet)
• Connecticut Finances: Running Out of Other People's Money, Looking for Cuts (blog - Mary Pat Campbell / STUMP)
• Brace for a Major Worsening in Illinois' Fiscal Crisis (Mark Glennon / Wirepoints)
• Fact-Checking BGA's Claims on 'Low-Spending' Illinois (Ted Dabrowski & John Klingner / Illinois Policy)
• Detroit and Puerto Rico: Which Is the Worse Insolvency? (Alex Pollock / Real Clear Markets)
• New York State Teamsters Fund Becomes Ninth Union Pension Plan to File for Benefit Cuts Under MPRA (blog - John Bury / Burypensions)
• PENSION PULSE: Ontario Eases Rules For Pension Funding? (blog - Leo Kolivakis)

May 23, 2017

• More Pension Rate Hikes Needed at CalPERS (editorial - East Bay Times)
• Union's Appeal Says Court Ruling That Vindicated San Diego Pension Reform Could Create Statewide Problems (David Garrick / San Diego Union-Tribune)
• CalPERS Turns to Algorithms After Official Admits Staff 'Can't Track' Certain Fees on Their Own (Heather Gillers & Dawn Lim / Wall Street Journal)
• With One Board Member Bowing Out, CalPERS Has an Unexpectedly Open Election (column - Adam Ashton / Sacramento Bee)
• CalPERS Board Member JJ Jelincic Calls Out 'Roy Cohn,' General Counsel Matt Jacobs (Yves Smith / Naked Capitalism)
• LOL! -- The Price Tag on Universal Health Care Is In, and It's Bigger Than California's Entire Budget (Angela Hart / Sacramento Bee)
• BART Administration Must Invest in Updated Technology (op-ed - Tennyson Teece / Daily Californian)
• Texas vs. California Update for May 22, 2017 (blog - Lawrence Person / BattleSwarm)
• Report Reveals How Kentucky's Pension Systems Became the Worst Funded in the Nation (Berea Online)
• Connecticut State Finances Get a Grade of F (Hartford Patch)
• President Trump Signs Measure Ending Safe Harbor for State-Run Private-Sector Plans (Hazel Bradford / Penions & Investments)
• State Officials Contend California Private-Sector Retirement Plan Is on Firm Legal Ground (Laurence Darmiento / Los Angeles Times)
• Roads and Pensions Swept Up in Puerto Rico's $123 Billion Bankruptcy (RT News)
• House Considers Federal Pension, Civil Service Reforms (Hazel Bradford / Pensions & Investments)

May 22, 2017

• CalPERS May Cut Pensions of Trinity County Water District Employees (blog - Ed Mendel / Calpensions)
• NEW DATA: Report on California's Participating Employers (pdf - CalPERS)
• Gov. Brown's Borrowing Scheme for CalPERS Deserves More Scrutiny (column - Dan Walters / Sacramento Bee)
• California Cover-Up: $6 Billion Loan to CalPERS Would Cover Up Wealth Transfers to Employees (David Crane / Medium)
• Riverside Utilities Dispatcher Triples Salary to $400,000 With State's 10th Largest Overtime Payout (blog - Robert Fellner / Transparent California)
• Oakland Backlog Cited in Engineer's Record Overtime -- He Worked 366 Days of the Leap Year (Kimberly Veklerov / San Francisco Chronicle)
• Modesto's Budget Is in Good Shape, But Rising Pension Costs Are Coming Soon (Kevin Valine / Modesto Bee)
• Government Pensions Leave Retirees and Taxpayers in a Bind (op-ed - Mark Sievers / Daily Republic)
• The Great American Pension Swindle (blog - John Ruberry / Da Tech Guy)
• Geeking Out: How Dependable Are Lottery Revenues? And Government Data Sources? (blog - Mary Pat Campbell / STUMP)
• Pension Black Magic (blog - John Bury / Burypensions)
• Why Closing Michigan Pension System Didn’t Stop Debt (Jonathan Oosting / Detroit News)
• Replacing State Pension With 401(k) Hailed as First Step Toward Saving Illinois (Caitlin Nordahl / SE Illinois News)
• Chicago Schools to Borrow $389 Million to Pay Pensions, Finish Year (Associated Press)
• Why Kentucky's Public Pension Debt Just Grew by $2 Billion (Associated Press)
• MBTA Pension Fix on Track (editorial - Boston Herald)
• Struggling With a $22 Billion Pension Deficit, Oregon's Governor Might Sell State Assets (matthew Webb / Daily Caller)
• Around the Pension-O-Sphere: California, Chicago, and Valuation! (blog - Mary Pat Campbell / STUMP)
• Puerto Rico Faces 'Humbling' Scope of Its Woes in First Court Hearing (Mary Williams Walsh / New York Times)
• Puerto Rico Pensioners Facing Benefit Cuts Will Get a Bankruptcy Committee (Nick Brown / Reuters)
• Guns or Granny: The Looming Political Battle of the West (blog - Gary North / Remnant Review)
• PENSION PULSE: Top Funds' Activity in Q1 2017 (blog - Leo Kolivakis)

May 21, 2017

• WEEKEND SPOTLIGHT: Puerto Rico Faces 'Humbling' Scope of Its Woes in First Court Hearing (Mary Williams Walsh / New York Times)
• WEEKEND SPOTLIGHT: Puerto Rico Pensioners Facing Benefit Cuts Will Get a Bankruptcy Committee (Nick Brown / Reuters)

May 20, 2017

• WEEKEND SPOTLIGHT: California Cover-Up: $6 Billion Loan to CalPERS Would Cover Up Wealth Transfers to Employees (David Crane / Medium)
• WEEKEND SPOTLIGHT: Struggling With a $22 Billion Pension Deficit, Oregon's Governor Might Sell State Assets (Matthew Webb / Daily Caller)

May 19, 2017

• A Great Deal Could Go Wrong With Gov. Brown's $6 Billion Pension Plan (column - Daniel Borenstein / East Bay Times)
• State Treasurer Chiang Wants to Gift $6 Billion to CalPERS (blog - Paul Hatfield / Village to Village)
• HOT ITEM: Final Deal Reached on Dallas Police and Fire Pension Crisis (Ken Kalthoff / NBC 5)
• HOT ITEM: San Diego Public Employees Union Appeals Ruling Upholding Pension Changes (Michael Katz / Chief Investment Officer)
• San Diego Explained: The Pension Problem Plaguing San Diego (Kinsee Morlan / Voice of San Diego)
• Could Gov. Brown's Pension Proposal Help Central Coast Cities? (Ben Bradford / Capital Public Radio)
• A Dramatic Rise in Pension Costs Threatens Santa Monica's Ongoing Stability (Kate Cagle / Santa Monica Daily Press)
• What to Do About Gilroy, California's Rising Debt? (op-ed - Gary Walton / Gilroy Dispatch)
• Betting on Hope (column - Marsha Sutton / Del Mar Times)
• Stupid Pension Trick: Let's Use Lottery Money! (blog - Mary Pat Campbell / STUMP)
• Why Most Teachers Get a Bad Deal on Pensions (Chad Aldeman & Kelly Robson / EducationNext)
• Trump's Budget Calls for Hits on Federal Employee Retirement Programs (Joe Davidson / Washington Post)
• California Leaders Vow to Continue State-Run Retirement Plan (Jonathan J. Cooper / Associated Press)
• California Advances State-Run Private Sector Retirement Plan Without Feds (Guy Marzorati / KQED)
• PENSION PULSE: CPPIB Gains 11.8% in Fiscal 2017 (blog - Leo Kolivakis)

May 18, 2017

• Stupid Pension Trick in California: Extra Contribution to CalPERS From a Special Fund (blog - Mary Pat Campbell / STUMP)
• Revolt of the California 'Freeloaders' (column - Steven Greenhut / The American Spectator)
• The Pension Storm Cometh (The American Interest)
• PENSION PULSE: The Pension Storm Cometh? (blog - Leo Kolivakis)
• Calistoga's $1.8 Million Payment to CalPERS Now Will Save Almost $5 Million Over Years (Anne Ward Ernst / Weekly Calistogan)
• An Audacious, Self-Serving Bill From California's Public Employee Unions (editorial - Ventura County Star)
• Report: Teacher Pension Promises Not Kept (Lauren Camera / US News)
• Lone Star Lilliput: Complacent Texas Taxpayers Have Become Captives of Their Rent-Seeking Civil Servants (Mark Pulliam / City Journal)
• The Cost of New Jersey's OPEB (and Apathy) (blog - John Bury / Burypensions)
• NEW REPORT: Retiree Health Care Benefits for State Employees in Fiscal Year 2015 (pdf - LGE and NASRA)
• The Re-Rollout of the Keep Our Pension Promises Act (KOPPA) (blog - John Bury / Burypensions)

May 17, 2017

• Forget Fiscal Responsibility: Gov. Jerry Brown Embraces Pension Shell Game (Steven Greenhut / California Policy Center)
• Gov. Brown's Proposed $6 Billion Pension Payment Is a Bad Investment (David Kersten / Fox & Hounds)
• California Proposes $6 Billion Boost to CalPERS (Michael Katz / Chief Investment Officer)
• Prepaying on CalPERS' Massive Unfunded Pension Liabilities (John Moorlach / Fox & Hounds)
• Is California Gov. Brown's Proposal a Remedy for 17 Years of Failure? (blog - Retirement Security Initiative)
• Playing Catch-Up on CalSTRS' $96.7 Billion Unfunded Liability (editorial - Orange County Register)
• New Californa Budget Warns CalPERS Contributions 'On Track to Double' in 6 Years (Tyler Durden / Zero Hedge)
• Hoover Institution Releases 2017 Study of Unfunded Liabilities of State & Local Governments (press release - Hoover Institution / Stanford University)
• Forget Puerto Rico, What About US States' Soaring Pension Debts? (editorial - Investor's Business Daily)
• Biggest Financial Hurdle Facing Lompoc Is the City’s Obligation of About $70 Million to CalPERS (column - Ron Fink / Noozhawk)
• Shasta County Grand Jury to Local Governments: Get Your Pension Funding in Order (Jim Schultz / Redding Record Searchlight)
• Republicans Propose Fix for New Mexico State Budget (Morgan Lee / Associated Press)
• Pennsylvania Budget Update: It’s Still All About Pension Reform (op-ed - Guy Ciarrocchi / Vista Today)
• Gov. Christie on New Jersey's Pension Woes: 'I Own the Credit Downgrades' (Matt Arco / NJ.com)
• Why the New Jersey Lottery Charade? (blog - John Bury / Burypensions)
• Georgia School Superintendent: Benefit Costs on 'Unsustainable Path' (Norm Cannada / Gainesville Times)
• If School Pensions Are 'Vital' They Should Have Been Properly Funded; School Employees Are Largest Creditor (James M. Hohman / Mackinac Center)
• Michigan GOP Leaders Still Focused on Pensions After Revenues Revised (David Eggert / Associated Press)
• North Carolina Reduces Expectations for Pension Fund (Dane Huffman / Triangle Business Journal)
• Nebraska Bill Amended to Tie City Bankruptcy to Pension Funding Level (Sen. Paul Schumacher / Unicameral Update)
• Neglect Creates Pension Tsunami in Massachusetts (Mary Connaughton & Charles Chieppo / Pioneer Institute)
• Massachusetts State Pension Fund Adds 4.9% in First Quarter (Beth Healy / Boston Globe)
• Rhode Island Retirement Board Lowers Expected Investment Returns from 7.5% to 7% (Patrick Anderson / Providence Journal)
• Northfield, Minnesota Firefighter Pensions Among State's Highest (Philip Weyhe / Northfield News)
• Puerto Rico Round-Up: Trying to Determine How Bad It Is (blog - Mary Pat Campbell / STUMP)
• Pension Reduction to Affect 18,000 Puerto Rican Workers (Prensa Latina)
• Some of the Funds Losing Billions in Puerto Rico's Historic Bankruptcy (Tyler Durden / Zero Hedge)
• Clashes in Greece as Thousands Protest Austerity (Elena Becatoros & Derek Gatopoulos / Associated Press)
• PENSION PULSE: Ray Dalio Worried About The Big Picture? (blog - Leo Kolivakis)

May 16, 2017

• Boosting California's Contribution to CalPERS Is Fine, But Borrowing From a Special Fund to Do So Is Not (David Crane / Medium)
• Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses (Yves Smith / Naked Capitalism)
• 39% San Diego City Raises Are Indefensible Amid a Pay Freeze (editorial - San Diego Union-Tribune)
• Joshua Rauh of Hoover Releases Second Annual Report Studying 649 Public Pension Systems (blog - John Bury / Burypensions)
• REPORT: Hidden Debt, Hidden Deficits: 2017 Edition -- How Pension Promises Are Consuming State and Local Budgets (Joshua D. Rauh / Hoover Institution)
• Retroactive Enhancements Sank Kentucky's Pensions (op-ed - Jim Waters / The Paducah Sun)
• Can You Guess How Much Brockton, Massachusetts Public Employees Get Paid? (Marc Larocque / The Enterprise)
• The Unavoidable Pension Crisis (Lance Roberts / Advisor Perspectives)
• New Stanford Study Exposes Illinois Pensions as the Farce They Are (Mark Glennon / Wirepoints)
• Some Public Pension Funds Are Taking on Outsized Private Equity and Hedge Fund Fees (Yves Smith / Naked Capitalism)
• State Pension Costs Lead to Public College Cuts, Says New Report (National Association of Student Financial Aid Administrators)
• State Pension Costs Lead to Public College Cuts (Paul Fain / Inside Higher Ed)
• REPORT: Rising State Pension Costs Lead to Cuts in Higher Education (Daniel Disalvo & Jeffrey Kucik / Manhattan Institute)
• Dozens of Bills Aim to Benefit Public Employees at New York Taxpayers' Expense (Carl Campanile / New York Post)
• Texas Legislators Craft Dallas Pension Solution With Little Help From Mayor (Rani Monson / CultureMap Dallas)
• Extra Annual Pension Payment for Jacksonville? One Councilman Wants It (A.G. Gancarski / Florida Politics)
• Democratic Hopefuls Dismiss Scheme to Funnel New Jersey Lottery Profits Into Pensions (John Reitmeyer / NJ Spotlight)
• PENSION PULSE: New Jersey's Big Pension Gamble? (blog - Leo Kolivakis)
• Pennsylvania Lawmakers Debate Whether Pension Debt Could Be Paid Off Faster (Alison Burdo / Philadelphia Business Journal)
• Time for Pennsylvania to Stop Paying Fat Pensions to Criminals (column - John Baer / Philadelphia Inquirer)
• Puerto Rico Bankruptcy Pits Investors Against Pensioners (Hazel Bradford / Pensions & Investments)
• GOLDEN OLDIE: The Real Cost of Bailing Out Puerto Rico (Joseph Lawler / Washington Examiner)
• Job for Life, Good Pay and a Generous Pension -- Only in the Public Sector (column - Colm McCarthy / Independent)

May 15, 2017

• US Faces Crisis as Collective Public Pension Funding Hole Hits $3.85 Trillion (Attracta Mooney / Financial Times)
• Jerry Brown: California Pension Liability Skyrockets by 22% (Chriss W. Street / Breitbart California)
• Here's How (and Why) the State of California Is Making a $12 Billion Pension Payment Next Year (column - John Myers / Los Angeles Times)
• Trouble Ahead: Unfunded Liabilities in State Pension Funds (Theodore Cangero / American Institute for Economic Research)
• How Technology Can Solve America’s Twin Pension Crises (column - Marc Joffe / The Fiscal Times)
• California's State Budget More Vulnerable Than Ever to Stock Market Decline (David Crane / Fox & Hounds)
• Newport Beach's Unfunded Pension Liability Is the Biggest Challenge Faced by the City (Victoria Kertz / Newport Beach Independent)
• San Diego Using Loophole to Hand Out Large Raises During Pay Freeze (David Garrick / San Diego Union-Tribune)
• Why Chino Is Heading Into 2017-18 With $2.2 Million Deficit (Beau Yarbrough / Inland Valley Daily Bulletin)
• Gov. Brown's Wise Budget Advice: Save Some 'Cookies' (editorial - Press Democtat)
• Strapped Pension Funds, and the Hefty Investment Fees They Pay (Gretchen Morgenson / New York Times)
• Testing to Death: Which Public Pensions Are Cash Flow Vulnerable? (blog - Mary Pat Campbell / STUMP)
• Illinois Reportedly Spends Nearly Half of Its Education Dollars on Pensions (Tabitha Fleming / Sangamon Sun)
• Pennsylvania's $52 Billion Pension Debt Won't Magically Vanish (editorial - Pittsburgh Post-Gazette)
• Debt Island: How $74 Billion in Bonds Bankrupted Puerto Rico (Martin Z Braun and Jonathan Levin / Bloomberg)
• Multiemployer Pension Plans: Critical Plans Treading Water, Waiting to Drown (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Canada's Pensions to the Rescue? (blog - Leo Kolivakis)

May 14, 2017

• WEEKEND SPOTLIGHT: Here's How (and Why) the State Is Making a $12 Billion Pension Payment Next Year (column - John Myers / Los Angeles Times)

May 13, 2017

• WEEKEND SPOTLIGHT: Newport Beach's Unfunded Pension Liability Is the Biggest Challenge Faced by the City (Victoria Kertz / Newport Beach Independent)

May 12, 2017

• Gov. Brown: Extra $6 Billion to Cut California's State Pension Debt (blog - Ed Mendel / Calpensions)
• California Governor's Latest Budget Proposal Doubles Pension Contribution to CalPERS (Randy Diamond / Pensions & Investments)
• Statement of California State Treasurer John Chiang on Pension Fund Stabilization Announcement (press release - Orange County Breeze)
• Pension Tension, Part 2: Don't California My Texas! (blog - Danielle DiMartino Booth)
• Hartford, Connecticut Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms (Jenna Carlesso / Hartford Courant)
• How About Turning Around Hartford? (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: PSP Launches a European Growth Hub? (blog - Leo Kolivakis)

May 11, 2017

• Plan Bay Area 2040 — Hollowing Out the Middle Class (op-ed - Susan Kirsch / Marin Independent Journal)
• Blue Civil War in California as State Jacks Up Traffic Fines (editorial - The American Interest)
• University of California's Napolitano Digs a Deeper Hole (Steven Greenhut / The American Spectator)
• Texas Senate Rejects House Changes to Houston Pension Bill (Mike Ward / Houston Chronicle)
• Houston Mayor Turner Is Trying to Influence Key Players in Austin to Get the Pension Reform He Wants (Al Ortiz / Houston Public Media)
• Poll: 53% of Houston Voters Back Plan to Issue Pension Obligation Bonds (Rebecca Elliott / Houston Chronicle)
• New Analysis of Illinois Pension Systems Shows Number of Retirees Earning More Than $100,000 Nearly 17,000 (Ann Maher / Madison-St. Clair Record)
• Chicago Mayor Emanuel Says He's Ready to Do 'Very Difficult Things' to Save CPS (Fran Spielman / Chicago Sun-Times)
• Mayor Emanuel Won't Say Why He Waited So Long to Reveal Depth of CPS Money Woes (John Byrne / Chicago Tribune)
• Puerto Rico and Illinois Economic Similarities (Cole Lauterbach / Alton Daily News)
• 'Rights' Vs. Reality: When Will 'They' Ever Learn? (blog - Mary Pat Campbell / STUMP)
• Colorado's Public Employee Retirement Association Deserves Some Hard Questions on Its Listening Tour (op-ed - Joshua Sharf / Reporter-Herald)
• South Carolina Still Eyes Pension Reform Despite New Law (Michael Katz / Chief Investment Officer)
• Grand Traverse County Commissioners to Review Potential $50-Plus Million Pension Debt Fixes (Mark Johnson / Record-Eagle)
• Towns Ask Why Connecticut Officials Won’t Touch Teachers' Pensions (Keith M. Phaneuf / CT Mirror)
• Can't Anybody Fix Pennsylvania's Pensions? (editorial - Bucks County Courier Times)
• Automotive Industries Pension Fund Gets MPRA Letter (blog - John Bury / Burypensions)
• Kentucky Retirees Fighting to Keep Their Pensions (Stephan Johnson / WDRB)
• PENSION PULSE: Canada's Pensions Lean on Bombardier? (blog - Leo Kolivakis)

May 10, 2017

• Get Government Out of Retirement Planning (column - Adam B. Summers / Orange County Register)
• Garcetti's and Krekorian's Fantasy World on Pension Investment Returns (blog - Paul Hatfield / Village to Village)
• Santa Monica Police Chief Announces September Retirement; Will Draw a $330,000-a-Year Pension (Santa Monica Observer)
• Illinois Senator Introduces Pension Reform Bill to Change the State Employee Pension System to a 401(k) Style Plan (Michon Lindstrom / WAND-TV)
• Chicago Public Schools May Fall Short on Upcoming Pension Payment (Juan Perez Jr. & Hal Dardick / Chicago Tribune)
• Tax Big Companies, Dip Into TIF Funds to Fill CPS Budget Gap, Chicago Aldermen Say (Heather Cherone / DNAinfo)
• Politicians Must Quit Ignoring New Jersey's Pension Crisis, Start Negotiating Solution (op-ed - Frayda Levin / Press of Atlantic City)
• New Jersey Pension Payout Update With Cap Study (blog - John Bury / Burypensions)
• How Much Does Wall Street Make From Nashville's Pension Fund? Nobody Knows. (Mike Reicher / The Tennessean)
• Texas House Unanimously Passes Pension Reform for Dallas Police & Fire (Meaghan Kilroy / Pensions & Investments)
• Texas Lawmakers Need to Remove an Amendment From Reform Legislation That Hurts the City (editorial - Houston Chronicle)
• Houston's Mayor Turner: We Can Balance the Budget With 'Minimal Layoffs' (Adam Bennett / KHOU-TV
• Senators Bernie Sanders, Marcy Kaptur Reintroduce Multiemployer Pension Protection Bill (Hazel Bradford / Pensions & Investments)
• Sanders, Democrats Seek to Undo Bipartisan Pension Reform (Sean Higgins / Washington Examiner)
• Pensions at Risk: Retired Union Members Say They Feel Betrayed by Obama Administration (David Ade / CBS Milwaukee)
• Now to Save Coal Miners' Pensions (editorial - Lexington Herald-Leader)
• Looming Tax Changes Push DuPont to Boost Pension Payments (Vipal Monga / Fox Business)
• PENSION PULSE: Brazil's Looming Pension Crisis? (blog - Leo Kolivakis)

May 9, 2017

• Increasing Number of Experts Project 'Meltdown' of California's Public Pension System (David Kersten / Fox & Hounds)
• Cost Pressures Facing California's School Districts Are Very Real (op-ed - David W. Gordon / Sacramento Bee)
• California Legislators Attempt to Raise Fines or Tack on New Fees to Traffic Tickets to Deal with Mushrooming Pension Costs (Dan Whitcomb / Reuters)
• High Speed Rail: Speeding in Wrong Direction (op-ed - Russell Goldsmith / The Madera Tribune)
• Texas House Approves Houston Pension Reform Bill; Showdown Looms With Senate Over Firefighter Changes (Rebecca Elliott & Mike Ward /Houston Chronicle)
• House Tweak to Houston Pension Bill Could Buy Firefighters' Fund More Time (Brandon Formby & Sanya Mansoor / Texas Tribune)
• Mayor Again Delays Briefing Aldermen on Chicago Public Schoools Bailout Plan (Fran Spielman & Lauren Fitzpatrick / Chicago Sun-Times)
• Christie Vetoes Bill to Give Police and Firefighters Control Over Pension Fund (David Levinsky / Burlington County Times)
• Gov. Christie Vetoes Bill Giving New Jersey Police and Fire Pension Plan Autonomy (Robert Steyer / Pensions & Investments)
• Drain the Swamp (blog - John Bury / Burypensions)
• Florida State Workers Win on Raise, Lose on Pension (James Call / Tallahassee Democrat)
• Florida Judge Upholds Last Year's Election on Sales Tax for Pensions (David Bauerlein / Florida Times-Union)
• Tax Reform Only the Beginning for Kansas (editorial - Salina Journal)
• PENSION PULSE: Ron Mock on Canada's Infrastructure Needs? (blog - Leo Kolivakis)

May 8, 2017

• CalSTRS Rates Are Doubling, But Is That Enough? (blog - Ed Mendel / Calpensions)
• Clang! Oakland Mayor Schaaf's Budget Plan Continues Can-Kicking on Pensions (column - Daniel Borenstein / East Bay Times)
• Ventura, California City Council to Look at Rising Pension Costs (Arlene Martinez / Ventura County Star)
• Pension Debt a Thorny Issue for Mountain View, California (Mark Noack / Mountain View Voice)
• Humboldt County Should Consider the Fate of General Motors (op-ed - Patrick Cloney / Times-Standard)
• CalPERS Board Member Disciplined for Violating Confidentiality Rules (Randy Diamond / Pensions & Investments)
• University of California 'Recalled Retirees' Receiving $300,000+ in Annual Pensions (Hannah Albarazi / CBS San Francisco)
• California's Unions Trying to Kill Government Transparency (Craig Alexander / California Policy Center)
• California Public Employee Unions Push Bill to Block Public From Labor Negotiations (Jon Fleischman / Breitbart California)
• State and Local Government Pensions at the Crossroads (Craig Foltin, Dale L. Flesher, Gary J. Previts & Mary S. Stone / The CPA Journal)
• A Cautionary Tale From Texas About How Cities Hide Debt and Deflate the Economy (Leslie Loftis / The Federalist)
• Texas House Adjourns Saturday Without Hearing Houston's Pension Reform Bill (Rebecca Elliott / Houston Chronicle)
• Texas House Vote on Houston Pension Reform Delayed Until Monday (Adam Bennett / KHOU-TV)
• Dallas Firefighters Leave City as Pension Troubles Loom (video - CBS Dallas)
• Michigan Pension Reform Is a Vital Task (editorial - Detroit News)
• Reforms to Michigan's Teacher Pension System Again Under Consideration by GOP Lawmakers (Brian McVicar / MLive)
• GOP Tries Convincing Governor to End Pensions for Michigan's New Teachers (Associated Press / Fox 17 News)
• Debate in Michigan: Teacher Pensions or 401(k)? (Kathleen Gray & Lori Higgins / Detroit Free Press)
• Illinois' Pension Failure Has Many Fathers (column - Rich Miller / Crain's Chicago Business)
• Puerto Rico's 'Bankruptcy' a Warning to Illinois (Ted Dabrowski & John Klingner / Illinois Policy)
• GOP Lawmakers Propose Raising Retirement Age, Altering Pensions for New Public Employees (Molly Beck / Wisconsin State Journal)
• Kansas Public Employees Retirement System — Promises, Promises! (column - Tim Schumacher / Hays Post)
• Retired Teamsters to Rally Tuesday in Kansas City Over Continuing Central States Pension Shortfall (Mark Davis / Kansas City Star)
• Puerto Rico Collapse Shows Debts Seen as Ironclad May Not Be (Michelle Kaske & Martin Z Braun / Bloomberg)
• Puerto Rico: Pay-As-You-Exit (blog - John Bury / Burypensions)
• Muni Market Update: Puerto Rico Files for Bankruptcy (Joshua Hudson / Seeking Alpha)
• PENSION PULSE: Can Capitalists Afford a Trumped Recovery? (blog - Leo Kolivakis)

May 7, 2017

• WEEKEND SPOTLIGHT: Clang! Mayor Schaaf's Budget Plan Continues Oakland Can-Kicking (column - Daniel Borenstein / East Bay Times)
• WEEKEND SPOTLIGHT: Puerto Rico Collapse Shows Debts Seen as Ironclad May Not Be (Michelle Kaske & Martin Z Braun / Bloomberg)

May 6, 2017

• WEEKEND SPOTLIGHT: University of California 'Recalled Retirees’ Receiving $300,000+ in Annual Pensions (Hannah Albarazi / CBS San Francisco)

May 5, 2017

• Santa Ana, California Faces Major Budget Shortfall, Officials Say (Nick Gerda / Voice of OC)
• New Taxes for Petaluma, California Should Include Pension Solution (editorial - Argus-Courier)
• Huntington Beach City Hall, Not CalPERS, Decided How Much to Guarantee in Employee Pensions (letter - Daiy Pilot)
• More Puerto Rico: Round Up of Current Commentary and Followups (blog - Mary Pat Campbell / STUMP)
• Puerto Rico Files Biggest Ever US Local Government Bankruptcy (video - Reuters)
• Puerto Rico Somewhat Unique Among US Municipal Bankruptcies (Katy Stech / Fox Business)
• Illinois Isn't Puerto Rico, But…. (Mark Glennn / WirePoints)
• Puerto Rico Is the Frightening Ghost of Illinois Future (editorial - Chicago Tribune)
• Dallas and Houston Pensions: Still A-Roar (blog - Mary Pat Campbell / STUMP)
• Texas House Passes Dallas Pension Overhaul With Little Debate (Brandon Formby / Corridor News)
• Dallas Pension Bill Moves to Texas Senate (Jon Prior / Dallas Business Journal)
• Defuse This New York City Pension Bomb (op-ed - E.J. McMahon Josh B. McGee / New York Daily News)
• New York High Court Upholds Ban on Judges Collecting Retirement Benefits While Still on Bench (Glenn Blain / New York Daily News)
• Forfeited Pennsylvania Pension Could Be Restored (editorial - The Intelligencer)
• Mohave County, Arizona's Pension System Staring $38 Million Deficit in the Face (Hubble Ray Smith / Daily Miner)
• Utah Rep. Chaffetz Targets Presidential Pensions After Obama Earns $400,000 for Speech (Lisa Riley Roche / Deseret News)
• Debt and Pension Issues Are Revealing Themselves to Be Major Threats to the US and Global Financial System (David Yoe Williams / The Street)
• PENSION PULSE: The World According to Ken Griffin? (blog - Leo Kolivakis)

May 4, 2017

• The Grass Gets Greener: New Data Tells Old Story of California Public Employees' Greed (Steven Greenhut / The American Spectator)
• Puerto Rico Declares a Form of Bankruptcy (Mary Williams Walsh / New York Times)
• Here We Go: Puerto Rico Tries for Legal Federal Bankruptcy (blog - Mary Pat Campbell / STUMP)
• Puerto Rico's Bankruptcy Fate Is Now Up to Chief Justice John Roberts (Nathan Bomey / USA Today)
• 25 University of California Retirees Receive Annual Pensions Exceeding $300,000 (Marc Joffe / California Policy Center)
• University of California's Compensation Is Out of Control (column - Marc Joffe / Redding Record Searchlight)
• THE $100,000 PENSION CLUB: 50,000 Retired California Public Employees Are Receiving Pensions of $100,000/Year or More (California Policy Center)
• Rogue State Agency Loses Effort to Undermine California Pension Reform (editorial - East Bay Times)
• Public Pension Plans (Ed Bartholomew / Milken Institute Review)
• Pension Tension: Uncle Sam Walking Tightrope Into the Unknown (Danielle DiMartino Booth)
• A New Wrinkle in Los Angeles' Pension Woes (Andrea Bernstein / Southern California Public Radio)
• A Problem Vallejo Can't Ignore (letter - Vallejo Times Herald)
• In Crackdown on Leaks, CalPERS Board Disciplines One of Its Own (column - Adam Ashton / Sacramento Bee)
• CalPERS' Credibility Takes Another Hit as a Board Controversy Blows Up in Its Face (column - Michael Hiltzik / Los Angeles Times)
• CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret (Yves Smith / Naked Capitalism)
• CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (updated) (Yves Smith / Naked Capitalism)
• CalPERS and Its Pension Peers Should Consider Pay for Performance (Gillian Tan / Bloomberg)
• Don't Blame the University of California for Establishing a Reserve; Blame State Officials for Defunding UC (David Crane / Medium.com)
• Preparing Massachusetts for the 'Pension Tsunami' (column - Mary Z. Connaughton & Charles Chieppo / the Salem Times)
• NEW WEBSITE: MassPensions.com (Pioneer Institute)
• Let's Turn Around Connecticut! (blog - Mary Pat Campbell / STUMP)
• UPDATE: Union Pension Plans in Crisis (blog - John Bury / Burypensions)
• PENSION PULSE: A Caisse of Outrageous Compensation? (blog - Leo Kolivakis)

May 3, 2017

• California's Public Pension Shortfall Is One of the Nation's Largest (column - Dan Walters / Sacramento Bee)
• Put an End to Playing Politics With California's Pension Funds (column - Adam B. Summers / Orange County Register)
• Lompoc Staff Recommends 'Drastic' Cuts, Tax Increases in New Budget Proposal (Willis Jacobson / Santa Maria Times)
• Santa Monica City Pay and Benefits Climb at Double the Inflation Rate, New Data Shows (Niki Cervantes / Santa Monica Lookout)
• CalPERS' Pension Fund 'Shortfall' Will Cost Huntington Beach $23 Million More (Ben Brazil / Daily Pilot)
• Oakland Planning Worker Quadrupled Pay With Overtime (Kimberly Veklerov / San Francisco Chronicle)
• This Los Angeles Firefighter Has Been Banking Six-Figures in Overtime Pay Since the 1990s (Eric Boehm / Reason)
• One Thing New York Does Far Better Than California? Public Pensions (editorial - San Diego Union-Tribune)
• Pew Charitable Trusts Has Released Their Annual Funding Gap Study (blog - John Bury / Burypensions)
• State Pension Underfunding and Contribution Decisions Hurt Credit Quality (Rebecca Moore / PlanSponsor)
• Set a Realistic Return Rate for Oregon's Public Pension Fund (editorial - Bend Bulletin)
• Puerto Rico Teeters on Brink of Historic Bankruptcy as Lawsuits Mount (Dawn Giel / CNBC)
• Catch-Up Week: Puerto Rico on the Brink -- Again (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: CPPIB Retreats From Farmland? (blog - Leo Kolivakis)

May 2, 2017

• How Soaring Benefit Costs Are Coming Back to Haunt Government Workers (op-ed - Steven Malanga / Investor's Business Daily)
• San Jose City Manager, Police Chief Highest Paid in Salary Survey of 200 Cities (Thomas Peele & Ramona Giwargis / Mercury News)
• Texas Senate Approves Houston Pension Reform Plan (Nik Rajkovic / KTRH News Radio)
• Kentucky's Troubled Pension Funds Improved, But More Must Be Done (editorial - Daily Independent)
• Mortality Monday: Pension Plan Mortality (blog - Mary Pat Campbell / STUMP)
• Is There Really a Retirement-Savings Crisis? (Anne Tergesen / Wall Street Journal)
• Deal Reached to Fund Health Benefits for Retired Miners (Rusty Marks / The State Journal)
• While Miners' Health Plan Celebrated, West Virginia Sen. Manchin Says Pension Obligation Must Be Fulfilled (Kery Murakami / Register-Herald)
• PENSION PULSE: HOOPP's Home Capital Fiasco? (blog - Leo Kolivakis)

May 1, 2017

• Sonoma County's Double-Dippers Cost Taxpayers But Provide Services, Savings (Paul Payne / Press Democrat)
• Sunnyvale Prepares as Public Employee Strike Attempts to Disrupt City Services (press release)
• Short Intervew With Jack Dean, Editor of PensionTsunami.com 4/28/17 (audio - Joe Vecchio / San Diego Tonight / KFMB 760)
• Huntington Beach City Council Will Take on Pensions Again at Meeting Monday (Ben Brazil / Daily Pilot)
• New York Pension Systems Outperform California (blog - Ed Mendel / Calpensions)
• A Trio of Los Angeles Firefighters Collects Nearly $1 Million in Overtime Pay -- Again (press release - Transparent California)
• An Oakland City Engineer Was Paid Nearly $500,000 Last Year, Thanks to a $299,000 Overtime Payout (press release - Transparent California)
• Moody’s Report on San Bernardino Isn't Big Cause for Worry (editorial - Press-Enterprise)
• Pension Fights in Dallas and Houston Raise Fears of Police and Firefighter Shortages (Brandon Formby / Texas Tribune)
• Adding Fail-Safe Provision to City's Pension Plan Makes Sense (column - Lisa Falkenberg / Houston Chronicle)
• The Heart of Houston's Pension Problem Is Debt, Not Benefits (Mike Morris / Houston Chronicle)
• Houston Police Department in Need of More Officers and More Money (Josh Marshall / KHOU-TV)
• Expert Says Illinois Lacks Discipline, Dollars for Pension Plans (Chandra Lye / Sangamon Sun)
• Pension Allegations Against Rhode Island's Gov. Raimondo Have Nine Lives (Katherine Gregg / Providence Journal)
• Who Pays the Price for Fossil Fuel Divestment? Students, Pensioners -- and You (op-ed - Dr. Hendrik Bessembinder / Fox News)
• Did You Know Trump Is Involved in Real Estate? (blog - Mary Pat Campbell / STUMP)
• Progressives Should Love And, In Fact, Embrace the 15% Corporate Rate (column - Hank Adler / Townhall)
• United Mine Workers Update (blog - John Bury / Burypensions)
• Updated Mortality Tables Are Raising Concerns (Hazel Bradfrord / Pensions & Investments)
• Cash-Strapped, Debt-Laden Puerto Rico Takes One Step Closer to Bankruptcy (Mary Anastasia O'Grady / Wall Street Journal)$$
• Puerto Rico Bondholders Reject Island's Restructuring Offer (Michelle Kaske / Bloomberg)
• In Brazil, Protesters Clash With Police as a Strike Over Labor and Pension Reforms Brings Business to a Halt (Jill Langlois / Los Angeles Times)
• Buses Torched, Roads Blocked During Brazil Strike Over Changes to Labor Laws, Pension System (Mauricio Savarese & Peter Prengaman / Associated Press)
• PENSION PULSE: A Goldilocks Situation For Stocks? (blog - Leo Kolivakis)

April 30, 2017

• WEEKEND SPOTLIGHT: Short Intervew With Jack Dean, Editor of PensionTsunami.com 4/28/17 (audio - Joe Vecchio / San Diego Tonight / KFMB 760)

April 29, 2017

• WEEKEND SPOTLIGHT: Huntington Beach Council Will Take on Pensions Again at Meeting Monday (Ben Brazil / Daily Pilot)

April 28, 2017

• California School District Pension Contributions on Track to Exceed $11 Billion by 2023 (Marc Joffe / California Policy Center)
• What Should LAUSD Do About Its Ballooning Pension and Healthcare Costs? (Kyle Stokes / KPPC)
• Water Infrastructure, Not Pension Fund Divestment, Is the Key Environmental Issue That California Faces (Bruce Whitaker / California Political Review)
• Court Pension Ruling in San Diego's Favor Deemed a Credit Positive by Moody's (Keeley Webster / The Bond Buyer)$$
• Houston Mayor's Pension Reform Could Force Pay Cuts Within a Decade (Mike Morris / Houston Chronicle)
• Bill to Shore Up Chicago Municipal Workers' Pensions Passes Illinois House (Tina Sfondeles / Chicago Sun-Times)
• Illinois Pension Reform Plans Face Uphill Battles in Springfield (Greg Bishop / Illinois News Network)
• Local Legislators Talk About Michigan's Unfunded Pension Liabilities (Cory Smith / Daily News)
• In Pension Plan, Missouri's Lower-Paid Teachers Subsidize the Better-Off (column - David Nicklaus / St. Louis Post-Dispatch)
• James Shuls' Examination of Missouri Teacher Pension Plan Earns Him Junior Investigator of the Year Award (Marisol Ramirez / UMSL Daily)
• People Who Work for Missouri Could Earn Pensions Faster Under Bill OK'd by House (Austin Huguelet / St. Louis Post-Dispatch)
• Ohio Public Pensions: What’s Really Going On? (Laura Bischoff / Dayton Daily News)
• Oregon PERS Panel Debates Expected Investment Returns (Ted Sickinger / The Oregonian)
• Sean Spicer Briefly Suggests Trump Is Going After Your 401(k)s — and Shows What a Nightmare Tax Reform Is (Aaron Blake / Washington Post)
• Malaysia's Pension Time Bomb (Chua Sue-Ann / The Edge Malaysia)
• PENSION PULSE: Canada's Subprime Mortgage Crisis? (blog - Leo Kolivakis)

April 27, 2017

• Antioch, California Will Face Bankruptcy if Half-Cent Sales Tax Expires, Finance Official Says (Rowena Coetsee / East Bay Times)
• Walnut Creek, California Moves to Set Aside Money for Escalating Pension Costs (Jennifer Modenessi / East Bay Times)
• Palo Alto, California's Proposed Budget Tuned to Tackle Some Lingering Issues (Jacqueline Lee / Mercury News)
• Auburn, California's Pension Concerns Loom as Retiree Unfunded Liabilities Increase (Michael Mott / Auburn Journal)
• Sunnyvale, California Asks Court to Protect City Services After Union Strike Vote (press release)
• Napolitano Deserves Boot Over Latest University of California Scandal (Steven Greenhut / The American Spectator)
• President Trump Is Profiting From Public Pension Investments, Including from CalPERS (Reuters & Chris Spargo / Daily Mail)
• New York Hotel Deal Shows How Some Public Pension Funds Help to Enrich Trump (Julia Harte / Reuters)
• New South Carolina Pension Bailout Will Be Phased in Through the Next Few Years (Tim Waller / WYFF 4)
• Mayor Warns of Layoffs, Urges Houstonians to Call Lawmakers on Pension Bill (Adam Bennett / KHOU-TV)
• Dallas Police Officers, Firefighters Rail Against Mayor's Handling of Pension Crisis (Brandon Formby / Texas Tribune)
• We're the Ones Who Lose From Dallas' Police-Fire Pension Fund Finger-Pointing (Jim Schutze / Dallas Observer)
• Oregon's Public Pension Fund Rate Change Could Bring More Pension Pain (Ted Sickinger / The Oregonian)
• How About an Illinois March for Math? (Mark Glennon / WirePoints)
• General Assembly Board Yanks Dennis Hastert's Illinois Lawmaker Pension (Haley BeMiller / Chicago Tribune)
• NEW REPORT: Comparing the Compensation of Federal and Private-Sector Employees, 2011 to 2015 (Congressional Budget Office)
• The Struggle for Coal Miners' Health Care and Pension Benefits Comes to a Head (op-ed - Simon Haeder / Clinton Herald)
• PENSION PULSE: New York City's Private Equity Woes? (blog - Leo Kolivakis)

April 26, 2017

• Public Employee Unions Kill Bill to Cut Cost-Of-Living Increases for CalPERS Pensions (column - Adam Ashton / Sacramento Bee)
• Think Public Pensions Can't Be Cut? Think Again. (Chuck Reed / Governing)
• Yes, March for Science, But How About a March for Math? (Steven Greenhut / California Policy Center)
• CalPERS Board Adopts New Contribution Rates (Michael Katz / Chief Investment Officer)
• New Warning: California Schools Face 'Mini-Recession' Tied to Pension Costs (Loretta Kalb / Sacramento Bee)
• Money Short for Raises, Pensions? Teachers Say School Districts Are Crying Wolf (Loretta Kalb / Sacramento Bee)
• Sonoma County Supervisors Create Permanent Citizens Panel on Pension Reform (J.D. Morris / The Press Democrat)
• University of California Kept Secret $175 Million Reserve as It Raised Tuition, State Audit Finds (Alexei Koseff / Sacramento Bee)
• State Audits Give Failing Grades to UC, CSU (editorial - The Press Democrat)
• CSU, UC Must Clean Up Their Fiscal Houses (editorial - Orange County Register)
• A Pension Reform Plan for Illinois: Right Under Its Nose (Ted Dabrowski & John Klingner / Illinois Policy)
• Illinois City Bankruptcies Should Be State's Responsibility, Think Tank Says (Cheyenne Dickerson / Sangamon Sun)
• Rhode Island Gives Pat on Back to Bankrupt Cities (Michael G. Riley / GoLocalProv)
• Public Pension Reporting and Disclosure: The Dark Side (blog - John Bury / Burypensions)
• Pensions Are on the Way Out But Retirement Funds Are Not Working Either (John Mauldin / Market Oracle)
• Miners' Union Shouldn't Look to Feds to Bail Out Mismanaged Pension Fund (commentary - Rachel Bovard / The Hill)
• Congress Must Insist That Puerto Rico Stick to Its Fiscal Oversight Deal (op-ed - Andrew F. Quinlan / Washington Times)
• PENSION PULSE: CPPIB Preparing For Landing? (blog - Leo Kolivakis)

April 25, 2017

• Public Employee Union Will Appeal San Diego Pension Cuts Ruling to the California Supreme Court (David Garrick / San Diego Union-Tribune)
• The Billion-Dollar Budget Item Los Angeles Mayor Garcetti Didn't Mention in His State of the City Speech (Jack Dolan / Los Angeles Times)
• Why Sacramento Can’t Go on a Spending Spree: Spiraling Labor and Pension Costs (editorial - Sacramento Bee)
• California Voters Need to Insist on Public Pension Reform (op-ed - Michael J. Lotito / Marin Independent Journal)
• Sunnyvale Public Employees Group Planning Strike Vote on April 25 Over 17% Pay Increase Demand (Victoria Kezra / Mercury News)
• 17% Wage Hike Would Severely Impact Sunnyvale's General Fund and Lead to Employee Layoffs and Service Cuts for Residents (press release)
• State Audit Slams Cal Poly for Management Pay and Hiring (Cal Coast News)
• Arizona Reforms Second Public Safety Pension Plan (Leonard Gilroy, Anthony Randazzo & Pete Constant / Reason Foundation)
• Arizona CORP Pension Reform a Win for Workers and Taxpayers (press release - Retirement Security Initiative)
• PENSION PULSE: Vive la République? (blog - Leo Kolivakis)

April 24, 2017

• City Managers Are Concerned Pensions Will Cause More Municipal Bankruptcies in California (column - Daniel Borenstein / East Bay Times)
• Split Roll Property Tax Proposal by California Legislators Is Really a Pension Tax (op-ed - Joel Fox / Sacramento Bee)
• Underfunded CalPERS and CalSTRS Dislike Divestment (blog - Ed Mendel / Calpensions)
• Governor Brown Appoints Retired Second Grade Teacher to CalSTRS Board (press release - Office of Gov. Jerry Brown)
• California State Agency's Effort to Nullify Citizens' Pension Reform Vote Is Eerily Totalitarian (Steven Greenhut / Reason)
• Los Angeles Mayor's New Budget: River of Red Ink Despite $1.9 Billion More Revenue (Jack Humphreville / CityWatch LA)
• California Pension Costs Continue to Climb (Judy Lin / Santa Cruz Sentinel)
• California State University Cannot Justify Administrative Growth, Manager Raises, Audit Says (Alexei Koseff / Sacramento Bee)
• Angst in America, Part 5: The Crisis We Can’t Muddle Through: Public Pensions (John Mauldin / Mauldin Economics)
• Things Have Certainly Changed for Public Employees (blog - John Bury / Burypensions)
• Nevada Senate Votes to Remove Retired Public Employees' Names From Public Record (Nevada Appeal)
• Oregon Lawmakers Float Pension Reform Idea That Finance Experts Question (Ted Sickinger / The Oregonian)
• Oregon Budget Writers Proposals Include Hiring Freeze, Reduction of Up to One-Third of State Government Jobs (Anna Marum / The Oregonian)
• New Jersey Gubernatorial Candidates Agree on Pensions (blog - John Bury / Burypensions)
• Rhode Island's Treasurer on Pensions, Hedge Funds, and More (Kate Nagle / GoLocalProv)
• Houston Activist Group Submits Petitions Calling for Vote to Put New Employees Into 401(k)-Style Plans (Mike Morris / Houston Chronicle)
• Pension Woes Lead to Debt Rating Drop for Marengo, Illinois (S. Laney Griffo / McHenry Times)
• Geeking Out: Testing Chicago MEABF to Destruction (blog - Mary Pat Campbell / STUMP)
• Input Is Sought in Huntington Pension Errors (Josephine Mendez / Herald-Dispatch)
• Overpayments to Retired Firefighters in Huntington, West Virginia Trigger Many Questions (editorial - Herald-Dispatch)
• Jacksonville City Council to Pass Pension Reform Legislation Today (A.G. Gancarski / Florida Politics)
• Mississippi Pension Funding Too Low, Says Report (Jeff Amy / Clarion-Ledger)
• The Rich Are Living Longer and Taking More From Taxpayers; Social Security Is Becoming a Much Better Deal for the Wealthy (Ben Steverman / Bloomberg)
• California Treasurer Appoints First Executive Director of Secure Choice Retirement Savings Program (press release - California State Treasurer)
• 20,000 Union Members and Retirees at Risk of Losing Pension Benefits (Bill McMorris / Washington Free Beacon)
• Why Would Congress Bail Out Miners' Pensions? (Alana Semuels / The Atlantic)
• Jaguar Land Rover Joins Trend to Jettison Final Salary Pensions (Michael Pooler & Peter Campbell / Financial Times)
• PENSION PULSE: Be Very Afraid of These Markets? (blog - Leo Kolivakis)

April 23, 2017

• WEEKEND SPOTLIGHT: California State Agency's Effort to Nullify Citizens' Pension Reform Vote Is Eerily Totalitarian (Steven Greenhut / Reason)

April 22, 2017

• WEEKEND SPOTLIGHT: City Managers Concerned Pensions Will Cause More Municipal Bankruptcies in California (column - Daniel Borenstein / East Bay Times)

April 21, 2017

• Rewarding California's Public Employees With New Tax Hikes on the Private Sector (Steven Greenhut / The American Spectator)
• State Public Pension Funding Gap Hits $1.1 Trillion in 2015, Says Pew Report (Daniel Bases / Reuters)
• State Pension Funds Paying Billions in Hidden Fees, Pew Study Finds (John W. Schoen / CNBC)
• With Significant Unfunded and Rapidly Rising Pension Obligations, San Bernardino Could End Up in Bankruptcy Again, Moody's Warns (Ben Bergman / KPPC)
• Could San Bernardino Face Bankruptcy Again? City Manager Says He Doesn't See It Happening (Ryan Hagen / The Sun)
• Los Angeles County Sheriff's Department Switches From Silver to Gold Belt Buckles at a Cost of $300,000 (Maya Lau / Los Angeles Times)
• Texas vs. California Update for April 20, 2017 (blog - Lawrence Person / BattleSwarm)
• Public Employees: Don't Count on That Government Pension (column - Terry Savage / Chicago Tribune)
• Retired Ohio Teachers to Lose Cost of Living Increase (Laura A. Bischoff / Dayton Daily News)
• Sellouts, Handouts and Bailouts: The Illinois General Assembly Is Out of Control (Mark Glennon / WirePoints)
• New York State Teamsters Plan to Refile for Benefit Cuts – With a Twist (blog - John Bury / Burypensions)
• PENSION PULSE: Investors Rushing Into Alternatives? (blog - Leo Kolivakis)

April 20, 2017

• California Court Punches Union-Backed 'Judge' in the Head (Steven Greenhut / California Policy Center)
• Politics Shouldn't Drive California's Pension Fund Investments (editorial - Press Democrat)
• Turkey Divestment Bill Passes Key California State Assembly Committee (Asbarez)
• World's Largest Pension Fund CalPERS Struggles to Make Ends Meet (David Vaughan / Money International)
• Lining Pockets Instead of Fixing California's Roads (column - Linda Erdmann / The Union)
• New California Taxes Enable Sacramento Politicians to Use Existing Revenues on Pensions (letter - Bev Phife / New Times)
• Top Costa Mesa Leaders Receive Pay Raises Despite Rising Pension Costs (Louis Casiano Jr. / Orange County Register)
• Appellate Court Upholds City of San Diego's Pension Reform Measure Against Unfair Labor Practices Charge (Reed Smith / JD Supra)
• Cautious Hope for Proposed Citizen Committee on Santa Monica City Employee Costs (Niki Cervantes / Santa Monica Lookout)
• Americans for Prosperity Foundation for New Jersey Pension Reform (blog - John Bury / Burypensions)
• Distance Makes It Clearer: Pension Protests in Brazil (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Are State Pensions Failing to Deliver? (blog - Leo Kolivakis)

April 19, 2017

• California High Court Sets Stage for Major Pension Ruling (Steven Greenhut / CalWatchdog)
• Can Public Workers Get Pension Benefits Without Actually Working? California Supreme Court Will Decide (blog - Eric Boehm / Reason Magazine)
• Onerous Bill Would Fiscally Drown California's Cities and Counties (editorial - East Bay Times)
• Los Angeles Retirees Lose Last-Ditch Appeal for Pensions at CalPERS (column - Adam Ashton / Sacramento Bee)
• Retirees of Defunct San Gabriel Valley Job Agency to CalPERS: 'Don't Throw Away Our Futures' (Stephanie K. Baer / San Gabriel Valley Tribune)
• Orinda, Lafayette and Moraga School Districts Anticipate Possible Budget Deficits (John T. Miller / Lamorinda Weekly)
• Proposed California Pension Reform Is Hot Topic at Huntington Beach Council Meeting (Ben Brazil / Daily Pilot)
• More Sleight of Hand With California's Gas Tax Hikes (column - Jon Coupal / Orange County Register)
• Nevada Public Employees’ Pension Fund Secrecy Bill Based Entirely on Known Falsehood (op-ed - Robert Fellner / This Is Reno)
• Illinois Finances: Budget?! We Don't Need No Stinkin' Budget! (blog - Mary Pat Campbell / STUMP)
• BREAKING: Fifteenth Union Plan Files for Benefit Cuts Under MPRA in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• PENSION PULSE: Beware of QE Sheep? (blog - Leo Kolivakis)

April 18, 2017

• Arizona Reforms Second Public Safety Pension Plan (Leonard Gilroy, Anthony Randazzo & Pete Constant / Reason Foundation)
• Arizona CORP Pension Reform a Win for Workers and Taxpayers (press release - Retirement Security Initiative)
• Why So Few Headlines Today?
• Nevada Pension Secrecy Bill Based on Unfounded Fears (editorial - Reno Gazette-Journal)
• Angst in America, Part 4: Disappearing Pensions (John Mauldin / Mauldin Economics)
• PENSION PULSE: Is The Next Economic Shoe Dropping? (blog - Leo Kolivakis)

April 17, 2017

• Another Court Setback for Protectors of California's Pension Status Quo (blog - Ed Mendel / Calpensions)
• San Diego Ruling Could Be First Step to Real California Public Pension Reform (editorial - Times of San Diego)
• San Diego Mayor Releases 'Fiscally Responsible' $3.6 Budget as Pension Costs Rise (Debbie L. Sklar / Times of San Diego)
• California's Public Employee Unions, Again, Want Public's Business Done in Secret (editorial - East Bay Times)
• San Rafael Singled Out for Highest Pension Payment Rate in California (Richard Halstead / Marin Independent Journal)
• CalPERS Evaluates Changes as It Wrestles With a Mounting Cash Crunch and a Widening Deficit (Dawn Lim & Heather Gillers / Wall Street Journal)$$
• CalPERS Looks at Changing How It Invests in Private Equity, Reports the Wall Street Journal (Carl O'Donnell / Reuters)
• Corruption at CalPERS: General Counsel Matt Jacobs as Exemplar of Culture of Casual Lying (Yves Smith / Naked Capitalism)
• 25% of Illinois School Districts Are Borrowing to Pay Bills (Linda Lutton / WBEZ News)
• Public Finance Expert: Pension Costs 'Squeeze Governments' in Illinois (Justin Stoltzfus / Chicago City Wire)
• A Tale of Three Cities' Pension Reforms (blog - John Bury / Burypensions)
• Michigan Dials Back Pollyannaish Pension Assumptions, Admits Deeper Hole (Tom Gantert / Capitol Confidential)
• Interest on Michigan's School Pension Underfunding Could Pay Entire Prison System Cost (Tom Gantert / Capitol Confidential)
• Overtime Pay at the New York/New Jersey Port Authority Is Over the Top (editorial - Star-Ledger)
• Unused Sick Days Are Costing New Jerey Taxpayers Billions, as Democrats Dawdle (editorial - Star-Ledger)
• Study Concludes Arizona's Public-Safety Pension Fund Is Among Worst-Performing in Nation (Craig Harris / The Republic)
• Iowa Legislature Passes Bill Allowing Des Moines Teachers to Merge Into State Pension Plan (Meaghan Kilroy / Pensions & Investments)
• Tell City Council to Approve Pension Reform, Jacksonville Mayor Says in New Round of Political Ads (David Bauerlein / Florida Times-Union)
• The Jacksonville City Council Is About to Make a Costly Mistake — and Our Kids Will Pay the Bill for It (column - Ron Littlepage / Florida Times-Union
• Lawton, Oklahoma Will Put New Employees Into a Defined Contribution Plan (Kim McConnell / The Lawton Constitution)
• Idaho's Elected Officials Deserve Decent Pay, But Why the Pensions? (Robert Ehlert / Idaho Statesman)

April 16, 2017

• WEEKEND SPOTLIGHT: San Rafael Singled Out for Highest Pension Payment Rate in California (Richard Halstead / Marin Independent Journal)

April 15, 2017

• WEEKEND SPOTLIGHT: California's Public Employee Unions, Again, Want Public's Business Done in Secret (editorial - East Bay Times)

April 14, 2017

• Chasing Higher Returns, Public Pension Funds Spent $10 Billion on Investment Fees in 2014 (column - Adam Ashton / Sacramento Bee)
• State Public Pension Funds Increase Use of Complex Investments (overview - Pew Charitable Trusts)
• DOWNLOAD THE REPORT: 'State Public Pension Funds Increase Use of Complex Investments' (PDF - Pew Charitable Trusts)
• Higher Pension Costs for Santa Barbara County Mean More Budget Cuts (Kelsey Brugger / Santa Barbarbara Independent)
• San Diego Mayor Unveils 'Lean' Budget Plan to Cover Pension Costs (Gene Cubbison / NBC 7 San Diego)
• California Supreme Court Accepts Another Pension Rights Case (Randy Diamond / Pensions & Investments)
• Time to Let the Sun Shine on DWP's Labor Negotiations (Jack Humphreville / CityWatch LA)
• Redlands, California School District Plans for Budget Reductions (Hector Hernandez Jr. / Highland Community News)
• Redding, California City Council Weighs Bethel Church's Offer to Fund Cops (Sean J Longoria / Redding Record Searchlight)
• Michigan’s Public Pensions Are at Risk (Jarrett Skorup & James Hohman / Detroit News)
• Florida House Votes to Change Public Employee Pensions (Daily Progress)
• Donors Want Money Back, Say Pennsylvania State Senator Betrayed Campaign Pledge to Reject Pension (Dave Sutor / Tribune-Democrat)
• Merger of Des Moines' Pension Fund Into the Iowa Public Employees' Retirement System Gets Senate OK (William Petroski / Des Moines Register)
• PENSION PULSE: A Chilean Love Affair? (blog - Leo Kolivakis)

April 13, 2017

• California State Supreme Court to Review Law Eliminating Purchase of Service Credits (Bob Egelko / San Francisco Chronicle)
• California Appeals Courts Dismisses Lawsuit Against San Diego Pension Reform (Arleen Jacobius / Pensions & Investments)
• Appeals Court Rules Against San Diego Public Employee Unions: First of Many Court Victories to Come (blog - Mike Shedlock / MishTalk)
• If Gov. Brown Can Get the Job Done on Potholes, He Should Be Able to Do So on Pensions (editorial - Marin Independent Journal)
• Divestment From California Public Pension Funds Is Bad for Pensioners (Carlos Solorzano / San Francisco Chronicle)
• The Cost of California's Public Pensions Is Breaking the Bank. Here's One Reason This Problem Is So Hard to Fix (Judy Lin / Fox & Hounds)
• The Public's Growing Fear and Loathing of Government (Adam B. Summers / Orange County Register)
• 5 Stories to Read Today for Thomas Jefferson's Birthday (Olivia B. Waxman / Time)
• Moody's Warns of Houston Credit Downgrade if Austin Nixes Pension Plan (Zach Despart / Houston Press)
• Dallas Police and Fire Pension System Rescue Bill Clears First Hurdle in Legislature (Tristan Hallman & Madlin Mekelburg / Dallas Morning News)
• Watching the Money Run Out: A Simulation with a Chicago Pension (blog - Mary Pat Campbell / STUMP)
• Police and Fire Pensions Take a Greater Portion of Rock Island, Illinois' Tax Levy Each Year (Stephen Elliott / Dispatch-Argus)
• Put Grand Traverse County's Pension Question in Taxpayers' Hands (editorial - Record Eagle)
• Pew Charitable Trusts Reports State Pension Funds, Including Oregon's PERS, Are Making Riskier Investments (Diane Dietz / Statesman Journal)
• Puerto Rico Union Sues to Block Pension Cuts (Danica Coto / Associated Press)
• 3 More Union Pension Funds Apply to Reduce Benefits Under MPRA (Hazel Bradford / Pensions & Investments)
• Study: Pension Plans Overpay PBGC Premiums by Millions (Stephen Miller / SHRM)
• UK's Royal Mail Plans to Close Its Defined Benefit Pension Plan Next Year (Josie Cox / Independent)
• PENSION PULSE: Canada's Real Estate Mania? (blog - Leo Kolivakis)

April 12, 2017

• CalPERS State Rate Doubles in Decade to $6 Billion (blog - Ed Mendel / Calpensions)
• California Appeals Court Vindicates San Diego's 2012 Pension Cutbacks (David Garrick / San Diego Union-Tribune)
• California Court Upholds San Diego's Pension Reform Plan (Robin Respaut / Reuters)
• Court Backs Sweeping Prop. B Pension Reforms for San Diego Employees (Debbie L. Sklar / Times of San Diego)
• California Court Ruling Clears Way for Permanent Implementation of San Diego Pension Reform Initiative (press release - Carl DeMaio)
• San Diego Provides Lessons on Public Pension Promises (column - Dick Spotswood / Marin Independent Journal)
• Californians Are About to Start Noticing the Pension Crisis (The American Interest)
• Don't Mess Around With Government Pensions (Megan McArdle / Bloomberg)
• Democratic Attorneys General Are the True Masters of Vote Suppression (Stephen Greenhut / California Policy Center)
• New PayGo Strategy a Costly Dodge of the Pension Problem (letter - Jody Morales / Marin Independent Journal)
• California's Heavy Tax Burden Just Got a Lot Heavier (op-ed - Ken Hambrick / East Bay Times)
• CalPERS Says Divesting From Border Wall, Dakota Pipeline Could Hurt Taxpayers (column - Adam Ashton / Sacramento Bee)
• Pennsylvania Pension Debt Clock Keeper's Desire to Crusade for Reform May Be Winding Down (Jan Murphy / Patriot-News)
• Pensions, Unfunded Ballot Measures and Medicaid Cause Budget Gap to Grow as Oregon's Economy Soars (Mike Rogoway / The Oregonian)
• Rhode Island Pensions: Liability Trends (blog - Mary Pat Campbell / STUMP)
• Waukegan, Illinois' Mayor Will Collect Two Pensions When He Retires (Luke Hammill / Chigago Tribune)
• Nevada Public Pensioner Votes to Keep His Pension Secret (column - Victor Joecks / Las Vegas Review-Journal)
• MBTA Pension Progress (editorial - Boston Herald)
• Michigan Property Tax Bills May Spike Due to School Pension Underfunding (Tom Gantert / Capitol Confidential)
• All Options on Table for Traverse County, Michigan's Pension Debt (Beth Milligan / Traverse Ticker)
• Pennsylvania Senate Majority Leader Exhorts Pension Reform to Balance Budget (Julianne Cahill / The Sentinel)
• Puerto Rico Seen Sliding Toward Bankruptcy as May 1 Deadline Nears (Nick Brown / Reuters)
• PBGC Takes Over Charleston Newspapers' Pension Plan (Chris Dickerson / West Virginia Record)
• EA5: Church Pension Plan Settlements (blog - John Bury / Burypensions)
• Mortality Monday (With a Little Trumpery): Supreme Court Probabilities Take 2 (blog - Mary Pat Campbell / STUMP)
• Pension Cuts in 2019 to Affect Some 850,000 Beneficiaries in Greece (Tornos News)
• PENSION PULSE: OPTrust Launches People for Pensions? (blog - Leo Kolivakis)

April 11, 2017

• California Cities' Pension Tab Seen Almost Doubling in 5 Years (Romy Varghese / Bloomberg)
• Required Pension Contributions of California Cities Will Double in Five Years, Says Report: Quadruple Is More Likely (blog - Mike Shedlock / MishTalk)
• California Taxpayers Expected to Nearly Double Contributions to Public Pensions Over Next 5 Years (Tyler Durden / Zero Hedge)
• REPORT: California Local Government Pension Burdens 2017 Update (Marc Joffe / California Policy Center)
• Firefighter DROP Payments Hit New Record, as City's Unfunded Pension Deficit Has Grown to $2.5 Billion (Lauryn Schroeder / San Diego Union-Tribune)
• The Voters and the State Provided the Street Repair $$$ … Now, Los Angeles City Hall, Show Us the Repair Plan! (Jack Humphreville / CityWatch LA)
• Pensions: The Subprime Sequel? (Vern Gowdie / ShareCafe)
• The Pension Crisis Is a Slow-Moving Train Wreck That Will Likely Cause Huge Problems for Municipalities and Their Retirees (Ben Carlson / Bloomberg)
• Welcome to the Third World, Part 23: Honest Pension Returns Equal Mass-Bankruptcy (John Rubino / GoldSeek)
• Hiking California's Gas Tax Drives Out Growth (editorial - Patriot Post)
• Dallas Mayor's Proposals Would Threaten Pension Fund and Public Safety (op-ed - Sam Friar / Dallas Morning News)
• Florida House to Take Up Pension Reform This Week (Sascha Cordner / WFSU Radio)
• Jacksonville Pension Tax Will Be Around Longer Than Previously Forecast (David Bauerlein / Florida Times-Union)
• Public Pensions Matter — Just Ask Michigan and West Virginia (Bailey Childers & Tyler Bond / The Hill)
• New Jersey Gov. Christie Says More Pension Reforms Are on the Way (Dustin Racioppi / the Record)
• Report: Connecticut Six-Figure Pension Costs Multiply (Patricia Daddona / Hartford Business)
• Two More Union Pension Plans File for Permission to Cut Benefits in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• Japan Stems Rate of Population Decline, But Growing Pension Burden Looms (Today)
• PENSION PULSE: America's Crumbling Pension Future? (blog - Leo Kolivakis)

April 10, 2017

• BREAKING: Two More Union Pension Plans File for Permission to Cut Benefits in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• Why a Few Sentences of Legalese Make All the Difference in Curbing California's Public Pension Costs (Judy Lin / LA Times)
• How Kamala Harris Killed California Pension Reform (The American Interest)
• Retirement Security Requires Fully Funding Public Pension Plans (Anthony Randazzo & Leonard Gilroy / Forbes)
• Even 'Positively Certified' California School Districts Are In Serious Financial Trouble (David Crane / Medium.com)
• San Diego County's 10 Worst-Funded Pension Plans (Ashly McGlone / Voice of San Diego)
• The Unavoidable Pension Crisis (Lance Roberts / Seeking Alpha)
• Staving Off a Rhode Island Pension Disaster (editorial - Providence Journal)
• Newport, Rhode Island's Pension Plan in 'Critical Condition' (Tom Walsh / Newport This Week)
• Former New York State Pension Director Allegedly Hid Pay-To-Play Scheme (Sheila Dang / Institutional Investor)
• NYPD Officers on Leave for Child's Birth Allowed to Pay Into Pensions, State Supreme Court Rules (Ginger Adams Otis / New York Daily News}
• Illinois' Government Worker Retirement Debt Is Now a Staggering $267,000,000,000.00 (Dennis Byrne / Chicago Now)
• Report: Illinois Pension System Among the Nation's Worst-Funded (Kevin Hoffman / Reboot Illinois)$$
• Let’s Hold Off on Hailing Jacksonvile Mayor's Grand Pension Plan (column - Ron Littlepage / Florida Times-Union)
• Panel Discusses New Jersey Pension Fund Crisis (Chip Dickson / Tap Into Springfield)
• Soft Corruption: 1997 Pension Obligation Bond Traitors (blog - John Bury / Burypensions)
• Police and Fire Pension Negotiations Break Down in Dallas and Austin; Trust Lost on Both Sides (Tristan Hallman / Dallas Morning News)
• Dallas, Don't Look to DART Funding for Quick Police Pension Fix (editorial - Dallas Morning News)
• As Texas Lawmakers Try to Fix City Pensions, Personal and Business Ties Emerge (Brandon Formby / Texas Tribune)
• Dallas Police Expected to Lose 500 More Officers Due to Low Pay and Pension Crisis (Janan Buisier / CW 33)
• Teachers Retirement System of Texas Is 'Too Big to Fail' (Michael Taylor / Houston Chronicle)
• Scrap Kansas Lawmakers’ Pensions and Raise Their Pay (editorial - Kansas City Star)
• 1,030 Connecticut State Retirees Have Pensions Over $100,000 (Marc E. Fitch / Yankee Institute)
• Maryland’s $20 Billion Pension Punt (Jeff Hooke / Maryland Public Policy Institute)
• South Carolina Legislature Passes Pension Reform Bill (Christine Williamson / Pensions & Investments)
• Criticism of South Dakota's Pension Plan Not Fair (op-ed - Gov. Dennis Daugaard / Rapid City Journal)
• Zippo Moving Away From Pension Plan for Employees, Toward 401(k) Instead (Alex Davis / Bradford Era)
• Potential Pension Cuts for 5,200 New York State Teamsters Delayed (Matt Glynn / Buffalo News)
• Retired Teamsters Protest in Omaha Over Possible Pension Cuts (Susan Szalewski / Omaha World-Herald)
• Greece on Course to Avoid Debt Default as Athens Agrees Pension Cuts (Szu Ping Chan / The Telegraph)
• Pension Cut Is Inevitable at the Caribbean Netherlands Fund (The Daily Herald)
• Brazil Said to Take Knife to Pension Plan to Ensure Its Survival (Rachel Gamarski / Bloomberg)
• PENSION PULSE: Is The Reflation Trade Doomed? (blog - Leo Kolivakis)

April 9, 2017

• WEEKEND SPOTLIGHT: How Kamala Harris Killed California Pension Reform (The American Interest)

April 8, 2017

• WEEKEND SPOTLIGHT: Why a Few Sentences of Legalese Make All the Difference in Curbing California's Public Pension Costs (Judy Lin / LA Times)

April 7, 2017

• BREAKING: 12th Union Pension Plan Files for Permission to Cut Benefits Under MPRA in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• A Proposal That Would Make California's Pension Crisis Even Worse (op-ed - Anthony Randazzo & Leonard Gilroy / Orange County Register)
• The Unavoidable Pension Crisis (Lance Roberts / Real Investment Advice)
• Sacramento’s 'Responsible Taxation' Joke … Nobody’s Laughing (Kenneth Alpern / CityWatch LA)
• San Luis Obispo City Council Approves $2,000 Bonuses for 93 Management Employees (Cal Coast News)
• Rhode Island Pensions: Asset Trends (blog - Mary Pat Campbell / STUMP)
• New Jersey's Treasurer: Lottery Proposal Could Cut Pension Liabilities (KDOW-AM)
• EA4: Perspective on Interest Rates (blog - John Bury / Burypensions)
• Former Dallas Police Command Staff Write Letter About City's Pension Fund Crisis (Alex Boyer / Fox 4)
• Dallas, Houston Pension Bills on Track for House Vote Says Texas Lawmaker (Karen Pierog / Reuters)
• Former Massachusetts House Speaker Thomas Finneran Loses Pension Case (Patriot Ledger)
• A Pension Correction in Massachusetts (editorial - Boston Herald)
• Teamsters President Hoffa Meets With President Trump to Discuss Pension Security (Teamsters)
• Despite Robust Returns, 100 Largest US Corporate Pension Plans Saw Their Funded Status Decrease by $21.7 Billion in 2016 (press release - Milliman)
• IMF Warns on Permanent Low Interest Rates - Free Banking Disappears, Pension Funds Go Bust Perhaps (Tim Worstall / Forbes)
• PENSION PULSE: Big Departures From Pension Land? (blog - Leo Kolivakis)

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