• Home
• Blog
• Public Employee Pensions
• Corporate Pensions
• Social Security
• International
• Press Room
• About Us

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 half-way through its 12th year, Pension Tsunami was founded by and is edited by Jack Dean. (Contact: JackDean(at)PensionTsunami.com or 916-644-0688 or @PensionTsunami)

Latest Newsclips     last updated September 28 5:19am PST

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

September 28, 2016

• California's Senate Race: Sanchez Over Harris -- Whose Fatal Flaw Is Being a Staunch Opponent of Pension Reform (Jack Humphreville / CityWatch LA)
• How Flexible is the 'California Rule' for Public-Employee Pensions? (blog - Sasha Volokh / Washington Post)
• How Flexible Is the California Rule? A Tale of Four Cases (blog - Alexander Volokh / Reason Foundation)
• Pension Crisis Has Ramifications for State Gov't That Equal or Exceed Obamacare, Social Security and Medicare Combined (David Kersten / Fox & Hounds)
• Gov. Jerry Brown Vetoes Bill That Would Raise Funeral Benefit for CalPERS Members (column - Adam Ashton / Sacramento Bee)
• Nevada Pension Fund's Cooked Books (editorial - Las Vegas Review-Journal)
• Get Ready for the Next Chicago Teachers Strike! (blog - Mary Pat Campbell / STUMP)
• FE3: Pareto Optimality (blog - John Bury / Burypensions)
• Retired South Carolina State Workers Urge Legislators to Preserve Pensions; System Has $18.2 Billion in Unfunded Liabilities (Cassie Cope / The State)
• South Carolina Lawmakers Target Debt-Ridden State Pension System (Ashleigh Holland / WCSC-TV)
• Ingham County, Michigan Must Address Ballooning Pension Debt (op-ed - Josh Paladino / Lansing State Journal)
• Michigan Counties on the Verge of Pension Crisis (blog - Mackinac Center)
• Detroit Was Just the Beginning: The Crisis of City Pension Systems in Michigan (Michigan Capitol Confidential)
• Grand Traverse County, Michigan's Pension Debt May Be Worse Than Originally Thought (Gabriella Pagan / UpNorthLive.com)
• Oregon Pensions and Measure 97: 'I Can No Longer Keep Quiet' (letters - The Oregonian)
• AVAILABLE ON AMAZON: Plunder! How Public Employee Unions Are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation (Steven Greenhut)
• Please Stop My 8% Social Security Raise (op-ed - Mark W. Hendrickson / Wall Street Journal)
• Another Excuse to Take Away Your Social Security (contributor - William Baldwin / Forbes)
• Workers at Peeps Factory Go on Strike Over Pensions, Threatening the Peepocalypse (Kevin Pang / A.V. Club)
• Puerto Rico Pension Fund Joins Suit Against UBS Over Muni Bonds; Could Go Broke as Soon as 2018 (Romy Varghese / Bloomberg)
• PENSION PULSE: Teachers' Cuts Computer-Run Hedge Funds? (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)

September 27, 2016

• In California Pension Casino, Taxpayers Going Bust (Arthur B. Laffer & John Burke / Investor's Business Daily)
• Public Employee Pensions: Fade to Grey (The Economist)
• California Public Agencies Should Consider Suspending Payments to CalPERS to Renegotiate Pension Benefits and Debt (David Kersten / Kersten Institute)
• Pension Case Could Cost City of San Diego Millions (David Garrick / San Diego Union-Tribune)
• City Official Sues San Francisco Over Pension Payouts (Bob Egelko / San Francisco Chronicle)
• AN ODD ONLINE POLL: The CalSTRS Defined Benefit Program is fully funded. True or False? (CalSTRS)
• California Teachers' Union Protested by Its Employees Over Pension Problems (Jason Russell / Washington Examiner)
• Texas Trouble: Pension Funds in Dallas and Houston (blog - Mary Pat Campbell / STUMP)
• More Uncertainty Over Dallas Police and Fire Pension Funds (video - CBS 11 Dallas-Fort Worth)
• Dallas Police See Exodus as Doubts Rise on Pension Promises (Darrell Preston / Bloomberg)
• Emergency Meeting: Despite $3 Billion Shortfall, Dallas Police and Fire Pension Fund Won't Restrict Withdrawals (video - Fox 4)
• Dallas Police and Fire Pension Fund Still in Peril, But No Reforms Yet (Jason Trahan / WFAA-TV)
• Dallas Police Face Pension Crisis as Chief David Brown, Other Officers Announce Unexpected Retirements (New York Daily News)
• Chicago Considers Competing Plans to Save City Pension System (Illinois News Network)
• Suburban Chicago-Area School Districts Offer Cash Bonus to Some Retired Educators (Diane Rado / Chicago Tribune)
• Chicago Schools Cut Deeper Into Junk by Moody’s on Fiscal Crisis (Elizabeth Campbell / Bloomberg)
• Unfunded Pensions Pinch Fox Valley, Wisconsin Schools (Jason Stein & Keegan Kyle / Sheboygan Press)
• Alaska Governor's Administration Approves Up to $3.5 Billion in Borrowing to Cover Pension Shortfall (Nathaniel Herz / Alaska Dispatch News)
• Why Investors Shouldn't Buy Pension Obligation Muni Bonds (Marilyn Cohen / Forbes)
• As Private Sector Pensions Fade, Retirees Will Need More Savings (Lee Barney / PlanSponsor)
• Current Defined Contribution System Has Potential to Address Retirement Challenges (John Manganaro / PlanSponsor)
• Blow to UK's BMW Workers as Car Maker Plans to Close Defined Benefit Pensions to New Contributions (Ben Martin & Christopher Hope / The Telegraph)
• PENSION PULSE: Caisse Bets Big on India's Power Assets? (blog - Leo Kolivakis)

September 26, 2016

• In a First, CalPERS May Cut a Small Town’s Pensions (blog - Ed Mendel / Calpensions)
• California's Pension Mess Can't Go On; That's No Reason to Ignore It (column - Steven Greenhut / Orange County Register)
• The Hidden Reason for Local Tax Increases: Pensions (column - Dan Walters / Ventura County Star)
• California Cities Are Bailing Out Their Pensions With Tax Hikes (editorial - Press-Enterprise)
• Time to Replace California's Defined Benefit Pensions With 401Ks (op-ed - Jeff Boone / Davis Vanguard)
• Proposition 13 Is Safe — For Another Few Weeks (Jon Coupal / Howard Jarvis Taxpayers Association)
• Big Surge in California's Spending on Public Pensions+OPEB and Medi-Cal (David Crane / Medium.com)
• California's Prop. 55 Asks Voters to Extend Income Tax on Wealthy [Will It Fund Teacher Pensions?] (Melody Gutierrez / San Francisco Chronicle)
• Transition Nevada Pension System Away from 'Defined Benefit' Model Toward 'Defined Contribution' Approach (editorial - Las Vegas Review-Journal)
• An Easy Solution to the Teacher Shortage (op-ed - Robert Fellner / Washington Examiner)
• Who's Stealing From Whom Within New Jersey's Pension Funds? (blog - John Bury / Burypensions)
• Wisconsin's Fully Funded Pension System Is One of a Kind (Jason Stein / Milwaukee Journal Sentinel)
• Oregon's Pension Problem 'Beyond Crisis' (Ted Sickinger / Daily Journal of Commerce)$$
• Oregon Lawmakers Look for Pension Reform Ideas in Salem (Ted Sickinger / The Oregonian)
• Dallas Police and Fire Pension Fund in Crisis, Retirees Concerned (Claudia Lauer / Washington Post)
• Texas' Debt Shell Game Will Cost Taxpayers (op-ed - Sheila Weinberg / Houston Chronicle)
• Keep Up the Hard Work: Kentucky's Pension System Review Much Needed (editorial - Richmond Register)
• Court Rules Kentucky Pension Systems Can Be Sued for Bad Investments (John Cheves / Lexington Herald-Leader)
• Taxpayers’ Share of Pension Costs Goes Up as New Hampshire Retirement System Rates Increase (Nick Reid / Concord Monitor)
• Ahead of Merger with Dow Chemical, DuPont Retirees Worry for Their Pensions (Jeff Mordock / Wilmington News Journal)
• PENSION PULSE: CPPIB to Aid China With Pension Reform? (blog - Leo Kolivakis)

September 25, 2016

• WEEKEND SPOTLIGHT: The Hidden Reason for Local Tax Increases: Pensions (column - Dan Walters / Ventura County Star)
• WEEKEND SPOTLIGHT: Big Surge in California's Spending on Public Pensions+OPEB and Medi-Cal (David Crane / Medium.com)

September 24, 2016

• WEEKEND SPOTLIGHT: California's Pension Mess Can’t Go On; That’s No Reason to Ignore It (column - Steven Greenhut / Orange County Register)
• WEEKEND SPOTLIGHT: California Cities Are Bailing Out Their Pensions With Tax Hikes (editorial - Press-Enterprise)

September 23, 2016

• California Pension Tension Builds as Liability Balloons (Sandy Wells / KABC News)
• Reporter Jack Dolan Talks About His LA Times' Piece on California's Fat Public Pensions Costing You Billions (Doug McIntyre / KABC Talk Radio)
• Reactions to That New York Times Article on CalPERS: Let's Hear From Everybody! (blog - Mary Pat Campbell / STUMP)
• How the Dot-Com Bubble Set Up California’s Public Employee Pension Crisis (Ashley Gross / Capital Public Radio)
• Public Pension Shortfalls Could Be 4X to 7X Greater Than Reported (Daniel Amerman / Seeking Alpha)
• Reformed Public Pensions Can Still Be Generous (Wayne Windegarden / EfficientGov)
• 4 Things to Know About LAUSD’s Pension Obligations for Its Teachers and Other Staff (Sarah Favot / LA School Report)
• Yuba City Strike Magnified Tension Over California's School Funding Formula (John Fensterwald / EdSource)
• Unpacking the Public Pension 'Crisis': Is Your State at Risk? (Evan Powers / Seeking Alpha)
• Leaders Need to Lead on Oregon’s Public Employee Pension Fund (editorial - Bend Bulletin)
• Oregon's Public Employees' Retirement System: It's Offensive That Active Members Contribute Nothing (letters - The Oregonian)
• Experts Weigh in on Houston Mayor’s Pension Proposal (blog - Leah Binkovitz / Kinder Institute for Urban Research)
• South Carolina State Treasurer Says Pension Debt Threatens to 'Swallow Us Whole' (Adam Benson / Index-Journal)
• Fix What Ails South Carolina's Public Pension Plan (editorial - Post and Courier)
• PENSION PULSE: Twilight of the Central Bankers? (blog - Leo Kolivakis)

September 22, 2016

• California Watch: Suddenly, a Shifting Pension Paradigm? (Steven Greenhut / The American Spectator)
• Tsunami of Local Taxes Headed for California’s Taxpayers (Joel Fox / Fox & Hounds)
• Public Pension Funds Are Being Overly Optimistic (column - Megan McArdle / Chicago Tribune)
• GOLDEN OLDIE: Pension Funds Should Get Real on Rate of Return (column - Steven Greenhut / Orange County Register)
• San Francisco Sues Its Retirement Board (Dave Tartre / Courthouse News Service)
• SEIU to Santa Cruz County: We Need Higher Pay (Jondi Gumz / Santa Cruz Sentinel)
• Santa Barbara, California Reports Pension Expenses (Tyler Hayden / Santa Barbara Independent)
• Dallas' Broken Police Pension Threatens Streets, Parks Promised in 2017 Bond Package (column - Robert Wilonsky / Dallas Morning News)
• Alternative Investments Gone Wrong: The Story of the Dallas Police Pension Plan (Charles Sizemore / Forbes)
• Illinois' Pension Prospects? (Amanda Vinicky / NPR Illinois)
• Chicago Municipal Pension Proposal Would Worsen Unfairness for New Hires (Mark Glennon / WirePoints Illinois)
• Madison County Board Members Agree to Opt Out of Illinois Pension Fund (Kelsey Landis / The Telegraph)
• 'This Is Becoming a Moral Issue': Officials Face Truth Behind Oregon's Soaring Pension Costs (Ted Sickinger / The Oregonian)
• Teamsters Pension Fund Members Face Sharp Benefits Cuts; Local Workers, Retirees Would Lose Benefits (Matt Glynn / Buffalo News)
• US Senate Committee Passes Protection for Pension, Health Benefits of Retired Miners (Augusta Free Press)
• US Senate Panel Approves United Mine Workers Pension Legislation (Ken Ward Jr. / Charleston Gazette Mail)
• Miners Hopeful After Senate Panel Votes to Bail Out Pensions (Tracie Mauriello / Pittsburgh Post-Gazette)
• Swiss Pension Fight Pits Gourmet Pigs Against Lower Payouts (Mara Bernath / Bloomberg)
• PENSION PULSE: Did the BOJ Save or Kill DB Pensions? (blog - Leo Kolivakis)

September 21, 2016

• CalPERS Forecasts Benefits Paid to Retirees Will Outpace Projected Income by $9.2 Billion in 15 Years (Robin Respaut / Reuters)
• CalPERS May Need to Lower Investment Hopes Soon, Thus Increasing the Cost to Taxpayers (John Myers / Los Angeles Times)
• CalSTRS Probably Will Miss 7.5% Return Target for Third Year (John Gittelsohn / Bloomberg)
• Average Costa Mesa Firefighter Makes Nearly $250,000 Per Year. Why? Pensions. (Ed Ring / UnionWatch)
• California's $74 Billion in Retiree Health Care Benefit Costs Weigh on S&P's View of State (Amanda Albright / Bloomberg Brief Special Edition)
• Cities, States Must Educate Public on Pension Costs Says PensionTsunami.com Founder (Amanda Albright / Bloomberg Brief Special Edition)
• GOLDEN OLDIE: Part 1 - California's Local Cities Saddled With Staggering Pension Debts (Jeramy Gordon / Palo Alto Daily Post)
• GOLDEN OLDIE: Part 2 - Ditching CalPERS Hard, Costly: As Pension Debt Soars, Cities Look for Alternatives (Jeramy Gordon / Palo Alto Daily Post)
• CalSTRS CIO Chris Ailman Discusses Problems Facing Pension Funds (video - Bloomberg)
• California Dreamin' of Ever Closing Their Pension Funding Gap (blog - Mary Pat Campbell / STUMP)
• California's Public Employees' Pension Crisis Began Nearly 20 Years Ago (audio - Ashley Gross / KCVR-FM)
• Misplaced Priorities in California's State Capitol (op-ed - John Moorlach / Orange County Register)
• SEIU Protest Co-Opts San Joaquin County Public Safety Forum, Plunges Meeting Into Chaos (Wes Bowers / Stockton Record)
• Billionaire Rescues Michigan City With Cash to End Fiscal Plight (Amanda Albright / Bloomberg)
• Debt and Death Bind Chicago; Paying for Pension Promises Competes With Calls for More Cops (Tim Jones & Elizabeth Campbell / Bloomberg)
• Chicago Council Approves Water-Sewer Tax to Save Pension Fund (Fran Spielman / Chicago Sun-Times)
• Illinois House Panel Reviews Chicago Pension Fix (Andrew Maloney / Chicago Daily Law Bulletin)
• South Carolina: Massive State and Local Pension Debt Often Means Higher Taxes (Maria Koklanaris / Tax Notes)
• Lawrence County, Pennsylvania Considering Bond Issue for Its Pension Liability (Debbie Wachter / New Castle News)
• Officials Weigh in on Kentucky's Pension Woes With Retiree Advocacy Group (Brad Bowman / State Journal)
• Reckoning Comes for US Pension Funds as Investment Returns Lag; $1.9 Trillion Shortfall Poised to Grow (Elizabeth Campbell / Bloomberg)
• A Public Pension Plan Decision You Should Follow (column - Dan Solin / Huffington Post)
• Ninth Multiemployer (Union) Plan to File for Benefit Cuts to Avoid Insolvency (blog - John Bury / Burypensions)
• US Building Up to a Private Sector Pension Crisis (Robin Wigglesworth & Barney Jopson / Financial Times)
• Déjà vu? Freddie Mac Starts Pilot Mortgage Program With Looser Standards (AnnaMaria Andriotis / Wall Sreet Journal)
• Lift the Lid on Pension Blowout (column - Robert Gottliebsen / Australian Business Review)
• PENSION PULSE: Should The Fed Raise Rates Now? (blog - Leo Kolivakis)

September 20, 2016

• CalPERS' CIO Says Funding Gap to Widen for Foreseeable Future (John Gittelsohn / Bloomberg)
• California Court Rules That Public Employees' Retirement Benefits Can Be Reduced (Joe Dyton / Northern California Record)
• How California Fell Billions Below What It Owes Public Retirees (Allen Young / Sacramento Business Journal)
• Dear Government Workers: About Those Pensions . . . (column - Michael Walsh / PJ Media)
• Much Ado About Discount Rates: Welcome to the Pension California (blog - Mary Pat Campbell / STUMP)
• California's Public Pension Problem Is Not Old News (Joel Fox / Fox & Hounds)
• California's Pension Crisis: Sustaining Sweetened Benefits (letters - Los Angeles Times)
• Marin County Public Pensions Focus of IJ Forums Talk Show (Marin Independent Journal)
• The University of California Has $17.2 Billion in Debt — and No Debt Policy (editorial - San Diego Union-Tribune)
• Half-Truth on New Jersey Fiscal State (blog - John Bury / Burypensions)
• 'Double-Dippers' Dominate Sheriff Elections Across New Jersey (Mark Lagerkvist / NJ Spotlight)
• What Does It Take to Reform Teacher Pensions? An Interview With Former Utah State Senator Dan Liljenquist (Chad Aldeman / TeacherPensions.org)
• Response Cites Markets, Not Management for Jacksonville Pension Fund's Woes (Eileen Kelley / Florida Times-Union)
• Dallas Cops Get Wise to Impending Public Pension Catastrophe, Start Yanking Their Money Out of the System (blog - Eric Boehm / Reason)
• President of Dallas Police Association Concerned That Police Pensions May Soon Be Gone (J.D. Miles / CBS DFW)
• Police Association President to Retire Amid Concerns Over Dallas Police Pay and Pension Fund (Tasha Tsiaperas / Dallas Morning News)
• Houston Mayor Offers Half-Serious Pension Reform Plan to Deal With $7.7 Billion Debt (Jon Cassidy / Watchdog.org)
• Reckoning Time for Providence, Rhode Island’s Bad Fiscal Decisions; Pension Fund Is Officially Just 27.4% Funded (Charles Chieppo / Governing)
• Alaska Governor's Administration Resurrects Plan to Borrow as Much as $3.2 Billion to Cover Pension Shortfall (Nathaniel Herz / Alaska Dispa
• The Highest Paid Public Employee in Every State (Evan Comen, Thomas C. Frohlich and Michael B. Sauter / 24/7 Wall St.)
• Maine Congressman Calls for Social Security Reform to Help Public Employees (Nok-Noi Ricker / Bangor Daily News)
• Final Throes of 'Golden Age’ of Pensions Leaves Uncertain Future for Younger Generation of Brits (Yahoo Finance)
• PENSION PULSE: California's Pension Gap? (blog - Leo Kolivakis)

September 19, 2016

• How a Public Pension Deal Went Wrong in 1999 and Has Cost California Taxpayers Billions (Jack Dolan / Los Angeles Times)
• California's Pension Gap Between Money Available and Promises Made Is Huge and Growing (Judy Lin / Los Angeles Times)
• Why the Dot-Com Bubble Is Key to Understanding California’s Growing Public Employee Pension Debt (Ashley Gross / Capital Public Radio)
• The Pension Crisis: About This Project Which Is a Collaboration Between CALmatters, the LA Times and Capital Public Radio (David Lesher / CALmatters)
• A Sour Surprise for California's Public Pensions: Two Sets of Books (Mary Williams Walsh / New York Times)
• GOLDEN OLDIE: Attempt to Pull Out of CalPERS Pension Plan Can Be Costly (Scott Mobley / Redding Record Searchlight)
• VISIT: Nationwide Public Employee Pension Systems Debt Tracker Website (Joe Nation / Stanford Institute for Economic Policy Research)
• New California Court Ruling Called 'Existential Threat’ to Defined Benefit Pensions (blog - Ed Mendel / Calpensions)
• Court Puts a Crack in California's Public Pension Dike (editorial - Pensions & Investments)
• EDITORIAL CARTOON: Marin County Public Employee Unions' Greed (Roger Schillerstrom / Pensions & Investments)
• Report Exposes How Much Money California Needs From Taxpayers to Balance the Books (press release - Truth in Accounting)
• READ THE REPORT: 'Financial State of the States 2015' (Truth in Accounting)
• Public Pension Crisis: Could Buyouts Be a Solution? (Liz Farmer / Governing)
• Desperate Public Pension Funds Mull Buyouts (blog - Walter Russell Mead / The American Interest)
• California Forces Retirement Plan on Private Sector After Public Pension Failures (column - Michael Reagan / Newsmax)
• The Folly of Pension Funds Dumping Fossil Fuel Stocks From Their Portfolios (Lawrence Hamtil / ValueWalk)
• Houston Has a New Plan to Dig Out of Its $7.7 Billion Pension Hole (Kelsey E. Thomas / Next City)
• Dallas Police Pension Fund Money Being Removed at an Alarming Rate (Rebecca Lopez / WFAA-TV)
• Political vs. Fewl Numbers (blog - John Bury / Burypensions)
• Ohio's Public Pensions Secrecy (column - Bertram de Souza - The Vindicator)
• West Virginia Senator Joe Manchin’s Fictional Take on Pension History (Rachel Greszler / Daily Signal)
• Approve Those Multiemployer Union Pension Benefit Reductions (editorial - Pensions & Investments)
• Is 70 the New Retirement Age in the Private Sector? (Maurie Backman / USA Today)
• 64,000 Puerto Ricans Flee Island for 2nd Consecutive Year Amid Economic Crisis (Associated Press / Yahoo News)
• PENSION PULSE: A Crisis in Active Management? (blog - Leo Kolivakis)

September 18, 2016

• WEEKEND SPOTLIGHT: Desperate Public Pension Funds Mull Buyouts (blog - Walter Russell Mead / The American Interest)

September 17, 2016

• WEEKEND SPOTLIGHT: A Sour Surprise for Public Pensions: Two Sets of Books (Mary Williams Walsh / New York Times)

September 16, 2016

• Kentucky’s Pensions Are Worst-Funded in US, Study Shows; Main Fund Is Only 17% Funded (Ryland Barton / WPFL-FM)
• If Texas Doesn't Shore Up Pensions, Retirees Will Be Asking 'Where's My Money?' (op-ed - Derek Yonai / Dallas Morning News)
• Pennsylvania Firm to Freeze Traditional Defined Benefit Pension Plan, Transition to Defined Contribution Plan (Observer-Reporter)
• FE2: Preserving Intergenerational Equity (blog - John Bury / Burypensions)
• Norton Shores, Michigan's Pension Funding Level Is at 49% -- Sixth Worst of Michigan's Largest 100 Cities (Eric Gaertner / MLive.com)
• PENSION PULSE: Great News For Ontario's Teachers? (blog - Leo Kolivakis)

September 15, 2016

• Marin County Pension Board’s Defense of Reforms Upheld (editorial - Marin Independent Journal)
• If Police Unions Were Abolished and Police Associations Were Restored (Ed Ring / Union Watch)
• California Court Ruling Attacks Current Employees' Pension Protections, Says VP of Deputy Sheriffs Union (Sean Van Leeuwen / CA Majority Report)
• While Debt Soars to $17 Billion, University of California Considers New Policy on Borrowing (Kate Murphy / San Jose Mercury News)
• California State Controller Publishes 2015 Salary and Benefits Data for Special Districts (Lake County News)
• As California's Cabrillo School District Tightens Its Belt, New Programs Shine (Kaitlyn Bartley / Half Moon Bay Review)
• Tentative Houston Pension Reform Deal Would Cut Benefits, Include $1 Billion in Bonds (Mike Morris & Rebecca Elliott / Houston Chronicle)
• Texas vs. California Update for September 14, 2016 (blog - Lawrence Person / BattleSwarm)
• PENSION PULSE: Delivering Alpha 2016? (blog - Leo Kolivakis)

September 14, 2016

• Reject BART’s $3.5 Billion Bond Measure (editorial - East Bay Times)
• FE1: A Layman's Translation (blog - John Bury / Burypensions)
• GOLDEN OLDIE: Jobs, Pensions and Markets: Required Reading (blog - Buttonwood / The Economist)
• Funding Drops for City and County Retirement Systems, Says Wilshire Report (Judy Faust Hartnett / PlanSponsor)
• READ THE REPORT: 2016 Report on City & County Retirement Systems: Funding Levels and Asset Allocation (pdf - Wilshire Consulting)
• State Pension Funds Earn Median 6.8% Over 10 Years, Analysis Finds (Christine Williamson / Pensions & Investments)
• What Bad Pension Returns Mean for the Nation's Localities (The Bond Buyer)$$
• Chicago Mayor Likely to Get Utility Tax, But Pension Hole Not Filled Yet (Fran Spielman / Chicago Sun-Times)
• What Does $400 Million Buy in Illinois? (State Rep. Jeanne Ives / Illinois Review)
• State of Illinois Pension Contributions to Increase Significantly in FY2018 (Civic Federation)
• Should a Trustee of an Underwater Pension Fund Cut Payouts Now to Save for Future Claims? (Mark Glennon / WirePoints Illinois)
• Debt Downgrade of Dupage County by Fitch Signals Demographic Distress (column - Joe Cahill / Crain's Chicago Business)
• Illinois Public Employees Enjoy Getting Fat at Two Taxpayer Funded Troughs (editorial - Madison County Record)
• Take Home Pay of Madison County Officials Is Four Times Higher Than Average Worker (Ann Maher / Madison County Record)
• 'Subpar' Years Ahead for New York City Pension Funds, Investment Chief Says (Rosa Goldensohn / Crain's New York Business)
• Last Call for New Jersey Pension Reform (op-ed - Assemblyman Declan O'Scanlon / Burlington County Times)
• Hazleton, Pennsylvania Faces Higher Pension Plan Costs (Sam Galski / Standard-Speaker)
• US Senate Candidate Addresses Louisiana's $12 Billion in Unfunded and Unreported Pension Liabilities (Lena Monroe / Blasting News)
• Lawton, Oklahoma City Council Debates Pension Plan (Kim McConnell / Lawton Constitution)
• Kansas Lawmakers Fear Further Delays to $100 Million Payment to State Pension Fund (Jonathan Shorman / Topeka Capital-Journal)
• Rock-Bottom Yields Dig Hole for Corporate Pension Funds (column - Lisa Abramowicz / Bloomberg)
• Plan to Tackle UK's Corporate Pension Crisis Would Cost Retirees £20,000 Each — and Still Wouldn't Solve It (Oscar Williams-Grut / Business Insider)
• PENSION PULSE: Big Executive Shakeup at CPPIB? (blog - Leo Kolivakis)

September 13, 2016

• What Fiscal 2015 Pension Returns May Mean for the States (Kyle Glazier / The Bond Buyer)
• Public Pension Systems Are a Ticking Time Bomb for All Americans (op-ed - Tom Patterson / Ahwatukee Foothills News)
• Ventura County Pension Fund's Lawyer Due for 23% Raise (Kathleen Wilson / Ventura County Star)
• Houston Loses Challenge to the Constitutionality of the City's Firefighter Pension Fund (L.M. Sixel / Houston Chronicle)
• Houston Loses Appeal in Firefighter Pension Fight (Cameron Langford / Courthouse News)
• Mayor Brings in Consultants to Assess Houston's Finances, Pensions (Kimberly Reeves / Houston Chronicle)
• Unfunded Pension Liabilities a Factor in Lower Bond Rating for Evanston, Illinois (Bob Seidenberg / Chicago Tribune)
• Michigan Legislature Must Deal With Unfunded Pension Liabilities (letter - Crain's Detroit Business)
• Kansas Pension Fund Suffers Low Earnings in 2015, But Bond Issue Buoys Fund (Peter Hancock / Lawrence Journal-World)
• Actuaries' Second Paper Out on Public Pension Plans: It's Getting Ugly . . . (blog - John Bury / Burypensions)
• Actuarial Nuggets: Public Pensions and Financial Economics, Presidential Mortality, and More (blog - Mary Pat Campbell / STUMP)
• Miners Deserve Full Pension Benefits (editorial - Observer-Reporter)
• Draft Bill May Offer Better Mousetrap for Multiemployer Pension Plans (David B. Brandolph / Bloomberg)
• DuPont Pension Watchdog: 'An Eye Opener' (column - Joseph N. DiStefano / Philadelphia Inquirer)
• UK Even Nearer to the Crunch Point for Pensions (Bill Jamieson / The Scotsman)
• PENSION PULSE: A Conversation With HOOPP's Jim Keohane (blog - Leo Kolivakis)

September 12, 2016

• California's Unfunded Pension Debts May Be Larger Than Acknowledged (column - Dan Walters / Sacramento Bee)
• BART Tax Could Quadruple Original Claim (column - Daniel Borenstein / East Bay Times)
• The Door Is Open to Public Pension Reform in Marin County (column - Dick Spotswood / Marin Independent Journal)
• Marin County's City Halls Can Do More to Cut Pension Costs (op-ed - Jody Morales / Marin Independent Journal)
• Déjà Vu: San Diego Has Pension Blues Anew (editorial - San Diego Union-Tribune)
• San Francisco's $9.6 Billion Budget Falling Short on Pensions, Health Care (Heather Knight / San Francisco Chronicle)$$
• Lodi, California's Pension Plan Now Has More Former Employees Receiving Benefits Than Active Employees Paying In (Kyla Cathey / Lodi News-Sentinel)
• Yuba City, California Acts to Fund Future Pension Obligations; Unfunded Liability Is $59 Million (Rachel Rosenbaum / Appeal Democrat)
• Democrat Era of 'Bigger, More Coercive' Government Poses Grave Threat to California’s Future (David Kersten / Kersten Institute)
• Controversial Actuaries' Paper on Public Pensions Released (blog - John Bury / Burypensions)
• Public Pensions Primer: Time-Weighted vs. Dollar-Weighted Returns (blog - Mary Pat Campbell / STUMP)
• Time to Restructure Debts of Chicago and Illinois Is Now (William M. Isaac / The Bond Buyer)
• A Watershed Recommendation of Bankruptcy for Illinois and Chicago Goes Unnoticed (Mark Glennon / WirePoints Illinois)
• Save Public Pensions With School Choice (Lewis M. Andrews / Real Clear Politics)
• Attorney: Some Reforms of Oregon's PERS May Hold Up in Court; System Facing a $22 Billion Shortfall (Taylor W. Anderson / Bend Bulletin)
• Don’t Give Up on 0regon Pension Reform (editorial - Bend Bulletin)
• Stop Pretending Nothing Can Be Done With Oregon's Public Employees Retirement System (editorial - Bend Bulletin)
• 10,000 US Coal Miners Go to Congress to Rally for Pension Protection (Valerie Volcovici / Reuters)
• Government Intervention in Coal Mining Seven Decades Ago No Justification for Pension Bailout Today (Rachel Greszler / Heritage Foundation)
• Mining Taxpayers’ Pockets for Private-Pension Relief (op-ed - Diana Furchtgott-Roth / Wall Street Journal)
• As Coal Declines, 10,000 Workers Remain to Support 120,000 Retirees' Pensions (Curtis Tate / Fort Worth Star-Telegram)
• Eighth Multiemployer (Union) Pension Plan to File for Benefit Cuts in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• Central States Pension Fund Recipients Want New Leaders (Chuck Samples / KVOE-AM)
• House Panel Proposes 'Composite' Pension Plan Bill to Modernize Multiemployer Pension Plans (Cara Bayles / Law360)$$
• Ireland's Pension Crisis Shows Real Value of a Public Sector Job (Richard Curran / Irish Independent)
• PENSION PULSE: Cracks In The Bond Market? (blog - Leo Kolivakis)

September 11, 2016

• WEEKEND SPOTLIGHT: Marin County's City Halls Can Do More to Cut Pension Costs (op-ed - Jody Morales / Marin Independent Journal)
• WEEKEND SPOTLIGHT: The Door Is Open to Public Pension Reform in Marin County (column - Dick Spotswood / Marin Independent Journal)

September 10, 2016

• WEEKEND SPOTLIGHT: BART Tax Could Quadruple Original Claim (column - Daniel Borenstein / East Bay Times)

September 9, 2016

• Redding, California Forum Puts Spotlight on Public Pensions (Redding Record Searchlight)
• Group Explains Redding's $218 Million in Pension Debts — and Why They May Be Higher (Joe Szydlowski / Redding Record Searchlight)
• When Did Retirement Become a Game of Jenga? (Dennis Miller / Equities.com)
• California Court Pension Calculations Reform (Romy Varghese / EfficientGov)
• Eric Garcetti: Los Angeles' Flip-Flopper-In-Chief (Jack Humphreville / CityWatch LA)
• Illinois Pension Crisis Builds as Market Turmoil Deals a Setback (Elizabeth Campbell / Bloomberg)
• Kentucky Pensions Update: Governance Woes (blog - Mary Pat Campbell / STUMP)
• Texas Attorney General Opinion: State Not 'Liable’ for Municipal Pension Shortfalls (David Yates / Southeast Texas Record)
• Empire Center Ranks New York's Local Government Pay (press release - Empire Center)
• Pension Bank of New Jersey (blog - John Bury / Burypensions)
• Corporate Pension Plan Assets Fall as Payouts Rise (Heather Gillers / Wall Street Journal)
• Miners Plead for Pension Rescue (Timothy Cama / The Hill)
• Government Intervention in Coal Mining Seven Decades Ago No Justification for Pension Bailout Today (Rachel Greszler / Heritage Foundation)
• Money Not the Only Reason for Delaying Retirement, Survey Finds (Rebecca Moore / PlanSponsor)
• PENSION PULSE: Europe's Lost Generation? (blog - Leo Kolivakis)

September 8, 2016

• States Face a $1 Trillion Pension Problem: Here Are the Worst 10 (Eric Pianin / MSN Money)
• California Court Case Opens Door for Public Pension Benefit Reductions (Pensions & Investments)
• California Would Fare Poorly in Another Downtown (editorial - Redding Record Searchlight)
• Late Bill Hikes Pension Formula for California's Next Assembly Sergeant-At-Arms (Jim Miller / Sacramento Bee)
• Chinese Provincial Pension Funds Struggle to Break Even (Emma Rumney / Public Finance International)
• Brazil's New Government Buffeted by Pension Fund Scandal (Anthony Boadle / Reuters)
• PENSION PULSE: Brazil's Pension Scandal? (blog - Leo Kolivakis)

September 7, 2016

• South Carolina Facing Tax Hike Due to $21 Billion State Pension Debt (Robert Kittle / WBTW-TV)
• Public Pensions Issues: Volatility Kills (blog - Mary Pat Campbell / STUMP)
• Providence Must Reform Its Personnel Practices (editorial - Providence Journal)
• Blame Game Won’t Solve Kentucky's Public Pension Crisis (editorial - The State Journal)
• A Tale of Two State Pension Crises: Kentucky and Illinois (Julia Crigler & David From / The Hill)
• Illinois Pension Funds More Than $100 Billion in the Hole (Kevin Solari & Tom Collins / News Tribune )
• Chicago Public Schools: No Real Reform Ideas, But Shiny New Marketing (Eric Kohn / Illinois Mirror)
• Greensburg, Pennsylvania Seeks Options on Police Pensions (Jacob Tierney / Tribune-Review)
• Thumbs Down: Low Yields Mean New Challenge for West Virginia's Pension Funds (Huntington Herald-Dispatch)
• Pension Tension Among Workers in Minnesota (Dan Ament / KARE11)
• Top Pension Fund Assets Fall for the First Time Since the Global Financial Crisis (press release - Willis Towers Watson / EconoTimes)
• Protests Will Not Derail Taiwan Pension Reforms, Official Says (Stephanie Chao / The China Post)
• Chile’s Pension Crunch (column - Andrés Velasco / Times of Oman)
• Brazil's Biggest Pension Funds Targeted in New Fraud Probe (Pensions & Investments)
• PENSION PULSE: The Global Pension Crunch? (blog - Leo Kolivakis)

September 6, 2016

• California Court Case Opens Door for Pension Benefit Reductions (Romy Varghese / Bloomberg)
• As Pensions Eat California's Local Budgets, What Can a County Do? (blog - Ed Mendel / Calpensions)
• It’s Been More Than 60 Days — Where Is CalSTRS' CAFR? (David Crane / Medium.com)
• Pension Benefit Dries Up for Certain San Diego County Retired Employees (Lauryn Schroeder / San Diego Union-Tribune)
• A Record Number of San Francisco Public Employees Strike It Rich (column - Matier & Ross / San Francisco Chronicle)$$
• A Vote for Janice Hahn for Los Angeles Board of Supervisors Will Be a Vote Against Pension Reform (Jack Humphreville / CityWatch LA)
• California Legislative Session Ends With No Pension Reform (Jon Coupal / Howard Jarvis Taxpayers Association)
• California Business Community Should Not Enable High Cost Government (David Kersten / UnionWatch)
• Gov. Jerry Brown May Force You to Save for Retirement (Joel B. Pollak / Breitbart California)
• Let's Get Ready for an Actuarial Rumble! (blog - Mary Pat Campbell / STUMP)
• Jacksonville, Florida's Pension Data – Deadly DROP (blog - John Bury / Burypensions)
• Jacksonville Pension Crisis: Part 1 (David Bauerlein / Florida Times-Union)
• Jacksonville Pension Crisis: Part 2 (David Bauerlein / Florida Times-Union)
• Jacksonville Pension Crisis: Part 3 (David Bauerlein / Florida Times-Union)
• Pension Math Cheats Teachers: What New York's Former Educators Leave Behind (op-ed - Chad Aldeman / New York Daily News)
• Deepening Pension Deficit Looms for South Carolinians (Seanna Adcox / The Herald)
• Municipalities Ready to Join Rush to Set Up Private-Sector Plans (Hazel Bradford / Pensions & Investments)
• Government Workers Now Outnumber Manufacturing Workers by 9,932,000 (Terence P. Jeffrey / CNS News)
• Bankruptcy of Public Pension Funds Is an Issue Worldwide; In Taiwan, It's Particularly Severe (Tom Pu-Chih Hsieh / Straits Times)
• PENSION PULSE Update: September Fed Rate Hike Is Unlikely (blog - Leo Kolivakis)

September 5, 2016

• HOLIDAY SPOTLIGHT: Bankruptcy of Public Pension Funds Is an Issue Worldwide; In Taiwan, It's Particularly Severe (Tom Pu-Chih Hsieh / Straits Times)

September 4, 2016

• WEEKEND SPOTLIGHT: It’s Been More Than 60 Days — Where Is CalSTRS' CAFR? (David Crane / Medium.com)

September 3, 2016

• WEEKEND SPOTLIGHT: Pension Benefit Dries Up for Certain San Diego County Retired Employees (Lauryn Schroeder / San Diego Union-Tribune)

September 2, 2016

• Public Employee Pensions Can Be 'Reasonably' Lowered, Says California Appellate Court (Vin Gurrieri / Law360)
• California Court Rules That Public Employee Pensions Can Be Reformed Going Forward (John Klingner / Illinois Policy)
• Is Court Ruling Too Late to Fix California's Public Pension Mess? (Steven Greenhut / Reason)
• Society of Actuaries to Publish Paper Critical of Public Pension Accounting Standards (Nick Thornton / BenefitsPro)
• California Unprepared for Next Recession (editorial - Orange County Register)
• How California's Government Is Pioneering a New Retirement Savings Plan for the Private Sector (Penelope Wang / Money)
• The Crisis Facing Public Education: Massive Unfunded Pension Liabilities (Dan Liljenquist / Forbes)
• How Nevada Can Do Right by Students by Doing Right by Teachers (Martin Lueken / Ed Choice)
• Jacksonville, Florida Voters Approve Half-Cent Tax to Fully Fund City Pension Plans (Rob Kozlowski / Pensions & Investments)
• It Looks Like Illinois' Credit Rating Is Only Getting Worse (Stephen Gossett / Chicagoist)
• Reports Find Highland Park, Illinois Needs $6.4 Million for Police and Fire Pensions Next Year (Karen Berkowitz / Chicago Tribune)
• Flagging Pension Spiking in New Jersey (blog - John Bury / Burypensions)
• Pennsylvania State Auditor to Examine Pittsburgh Pension Plan (The Bond Buyer)
• South Carolina's Treasurer Says Lawmakers Must Address Pension Fund Problems (FITSNews)
• PENSION PULSE: Is The Fed Set To Hike Rates? (blog - Leo Kolivakis)

September 1, 2016

• These 3 Charts Explain the Terrifying Math Behind Pension Funds’ Shortfall (Amit Sinha / MarketWatch)
• End-Of-Summer 80% Pension Funding Extravaganza! (blog - Mary Pat Campbell / STUMP)
• California Retirement Plan for the Poor That Promises Rewards and Risks, Too (editorial - San Francisco Chronicle)
• More Than 3,000 New York State and Local Pensions Top $100,000 (press release - Empire Center)
• North Providence Mayor Releases Video He Says Questions Firefighter’s Disability (Tim White / WPRI-TV)
• Oregon's Voters Should Ask Why We Need Measure 97 Tax Increases (column - Dan Lucas / Statesman Journal)
• Chicago Outlook Lifted to Stable by Fitch on Pension Improvement (Elizabeth Campbell / Bloomberg)
• Public Pensions and Social Security (blog - John Bury / Burypensions)
• Obama Appoints Social Security Critic to Fix Puerto Rico's Budget (David Dayen / The Intercept)
• Puerto Rico Oversight Panel Named to Halt Island Debt Crisis (Kasia Klimasinska, Michelle Kaske, Angela Greiling Keane / Bloomberg)
• PENSION PULSE: A Long-Term Solution For Pensions? (blog - Leo Kolivakis)

August 31, 2016

• Court Ruling Opens Avenue for California Pension Reform (Steven Greenhut / CalWatchdog)
• California Court Offers Possibility to Stop Worst Public Pension Abuses (blog - Scott Shackford / Reason Magazine)
• California to Offer Retirement Accounts to Private Sector Workers Without Pensions (Aaron Kinney / Mercury News)
• The Obama Administration Just Opened the Door for States to Take Over the Private Retirement Market (Steven Malanga / City Journal)
• How Government Unions Are Hypocrites That Betray the Public (Ed Ring / FlashReport)
• Illinois Taxpayers Forced to Pay $421 Million More for Teacher Pensions (Ted Dabrowski & John Klingner / Illinois Policy)
• Can Illinois Taxpayers Stop Ghost Pension Payrollers? (blog - Keefe Law)
• The 10 States That Contribute Most to the $1 Trillion Pension Disaster (Douglas A. McIntyre / 24/7 Wall St.)
• US Public Pension Amortization Practices Remain a Problem, Says Fitch (press release - Fitch Ratings)
• Actuaries' Controversial Pension Paper Will Be Published After All (Silvia Ascarelli / MarketWatch)
• Society of Actuaries Blinks (blog - John Bury / Burypensions)
• Much Ado About Discount Rates: Illinois and the Actuaries (blog - Mary Pat Campbell / STUMP)
• The Crumbling Assumptions of US Public Pension Plans (Nicole Bullock / Financial Times)$$
• PENSION PULSE: Are US Public Pensions Crumbling? (blog - Leo Kolivakis)

August 30, 2016

• First District Court of Appeal Weighs in on the Law of Vested Pension Rights in California (Ashley K. Dunning & Michael V. Toumanoff / Lexology)
• Public Pension Plans Take a Walk on the Wild Side (Amanda Albright / Bloomberg)
• Oversight Committee Votes to Back Sales Tax Extension for Fairfield, California (Ryan McCarthy / Daily Republic)
• Texas vs. California Update for August 30, 2016 (blog - Lawrence Person / BattleSwarm)
• How Pension Liabilities Are Mismeasured (blog - Walter Russell Mead / The American Interest)
• Here We Go: the Pension Collapse Is Now Under Way (Ken Schortgen Jr. / Rogue Money)
• Connecticut Teacher Pensions Highest in the Nation (Marc E. Fitch / Yankee Institute)
• Connecticut Yankee on Teacher Pensions (blog - John Bury / Burypensions)
• The Myth of the Underpaid Teacher Lives on (Larry Sand / UnionWatch)
• New York City Mayor De Blasio’s Teachers’ Pension Nightmare (RiShawn Biddle / Dropout Nation)
• Health of New Mexico's Pension Funds Ranked 7th-Worst in Nation (Dan Boyd / Albuquerque Journal)
• Shocking Government Report Finds $6.5 Trillion in Taxpayer Funds 'Unaccounted For' (Tyler Durden / Zero Hedge)
• US Army Fudged Its Accounts by Trillions of Dollars, Auditor Finds (Scot J. Paltrow / Reuters)

August 29, 2016

• Recent Court Ruling Is the Best News on the California Pension Reform Front … Ever (editorial - San Diego Union-Tribune)
• California Court Ruling Allows Changes to Current Public Employees' Pensions (Ken Churchill / California Policy Center)
• Marin County Pension Board Upheld State Reforms (letter - Michael Lotito / Marin Independent Journal)
• California Court's Pension Ruling Good for Credit, Moody's Says (The Bond Buyer)$$
• Don't Believe the Fibs About California as a National Model for a Private Retirement Plan (Ed Ring / Real Clear Markets)
• California Pension Program for Private Sector Workers Is Another Government Sham (Bruce Bialosky / FlashReport)
• Billions of Dollars Flow to San Francisco’s Army of City Public Employees (Heather Knight / San Francisco Chronicle)$$
• BART Unchecked Labor Costs 'On Track' to Require Massive Public Subsidies in Future (David Kersten / Kersten Institute)
• Covering Up the Pension Crisis (op-ed - Steven Malanga / Wall Street Journal) $$
• States Face Pension Fund Gap Approaching $1 Trillion (John W. Schoen / CNBC)
• PENSION PULSE: The Trillion Dollar State Pension Fund Gap? (blog - Leo Kolivakis)
• Pew Charitable Trusts Updates Their State Pension Funding Gap Brief for 2014 (blog - John Bury / Burypensions)
• States Face a $1 Trillion Pension Problem: Here Are the Worst 10 (Eric Pianin / The Fiscal Times)
• 5 Pew States (blog - John Bury /burypensions)
• Financing State and Local Pension Obligations (Lois A. Scott / Retirement Security Initiative)
• The Next President Will Raise Your Taxes (Rob Long / Ricochet)
• Illinois’s Biggest Pension Fund Cuts Investment Return Rate to 7% (Elizabeth Campbell / Bloomberg)
• Despite Budget Warnings From Illinois' Governor, Teachers’ Retirement System Board Votes to Lower Investment Estimates (Doug Finke / Lincoln Courier)
• How Illinois Politicians Consciously Created These Debt and Pension Crises (editorial - Chicago Tribune)
• Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With 'Crippling' Tax (Tyler Durden / Zero Hedge)
• Pension Sticker Shock: Illinois on Hook for as Much as $500 Million More Next Year (Andy Grimm / Chicago Sun-Times)
• Abandon All Hope, Ye Who Enter Illinois (editorial - Journal Star)
• Tyranny Enshrined in Illinois (column - Jim Dey / News-Gazette)
• Michigan Must Deal With Pension Issue (editorial - Crain's Detroit Business)
• South Carolina's Pension Problem Can Be Solved (column - Bill Taylor / Aiken Standard)
• Fees Grow Faster Than Nest Egg in North Carolina Employees' Pension Fund (Cullen Browder / WRAL-TV)
• Jacksonville's Pension Tax Vote: An Issue Too Important to Leave Off the Front Page (column - Frank Denton / Florida Times-Union)
• Jacksonville Pension Tax Critics Rally on Eve of Election (Nicole Snyder / News4 Jax)
• The Big Four Texas Pension Funds (Michael Taylor / San Antonio Express-News)
• Puerto Rico’s Debt and Pension Woes Come to a Head (Nick Timiraos / Wall Street Journal)
• Puerto Rico’s Collapse Foreshadows a Total US Collapse (David I. Kranzler / Investing.com)

August 28, 2016

• WEEKEND SPOTLIGHT: California Court Ruling Allows Changes to Current Public Employees' Pensions (Ken Churchill / California Policy Center)
• WEEKEND SPOTLIGHT: The Trillion Dollar State Pension Fund Gap? (blog - Leo Kolivakis / Pension Pulse)

August 27, 2016

• WEEKEND SPOTLIGHT: Covering Up the Pension Crisis (op-ed - Steven Malanga / Wall Street Journal)
• WEEKEND SPOTLIGHT: California Court's Pension Ruling Good for Credit, Moody's Says (The Bond Buyer)$$

August 26, 2016

• California Assembly Passes Bill for Private Worker Retirement Plan to Be Run by the State (Rory Carroll / Reuters)
• California Legislature Should Focus on Roads Instead of Creating Retirement Plans (op-ed - John Moorlach / Sacramento Bee)
• California Aims Retirement Plan at Those Whose Jobs Offer None (Mary Williams Walsh / New York Times)
• California IRAs? The Gov't Already Forces People to Pay Into Individual Retirement Accounts: Social Security (letters - Wall Street Journal)
• The Backstop for California’s Plan to Establish State-Managed Retirement Accounts for Private Employees? The Taxpayers (Joel Fox / Fox & Hounds)
• Callifornia Assembly Approves Bill Establishing State-Run Retirement Accounts for Private Sector Workers (Matt Fleming / CalWatchdog)
• US Nudges States to Help Private-Sector Workers Save for Retirement (Yuka Hayashi / Wall Street Journal)
• Department of Labor Releases Final Rule on State-Run IRAs (PlanSponsor)
• California Elderly Population Is Peaking and the State Is Not Prepared for It (press release - California Residential Health Group)
• Employees of California Teacher’s Association Picket to Negotiate Retirement Fix; Pension Fund in the 'Red Zone' (Anshu Siripurapu / Sacramento Bee)
• Free Database of Public Pension Plans Exists (blog - John Bury / Burypensions)
• Illinois Taxpayers on the Hook for Pension Failures (Ted Dabrowski & John Klingner / Illinois Policy)
• All Eyes on Illinois State Teacher Pension Fund Projection (The Rock River Times)
• Can Washington Handle These 6 Fiscal Truths? (James Carter & Pete Sepp / The Hill)
• Global Pensions Crisis Only Going to Get Worse (David Dodwell / Global Economy)
• PENSION PULSE: Canada's Radical Pensions? (blog - Leo Kolivakis)

August 25, 2016

• Will a California Appeals Court Ruling Sober Up the State's Pension Abusers? (Steven Greenhut / The American Spectator)
• Los Angeles Unified Finds Money to Expand Health Benefits Though on a Potential Collision Course With Bankruptcy (Howard Blume / Los Angeles Times)
• Pension Board Drops Convicted Contra Costa Firefighter's Annual Payment From $116K to $30K (Matthias Gafni / Mercury News)
• GOLDEN OLDIE: The Unbelievable Expectations of California's Pension System (op-ed - David Crane / Wall Street Journal)
• States Face a $1 Trillion Pension Shortfall (Katie Lobosco / CNN Money)
• The State Pension Funding Gap: 2014 (Issue Brief - The Pew Charitable Trusts)
• If Illinois Teacher Pension Fund Lowers Projections, Taxpayers Are on the Hook (Illinois News Network)
• Why You Should Love the New Name for Chicago White Sox Home: 'Guaranteed Rate Field’ (Mark Glennon / Wire Points Illinois)
• The Bankruptcy Solution: An Alternative Solution to Jacksonville’s Pension Debt Crisis (op-ed - Rod Sullivan / Folio Weekly)
• New Jersey Retirees Won't Get Pension COLAs (Katie Lobosco / CNN Money)
• Here’s What Jack Bogle Has to Say About the Sudden Retreat From Hedge Funds (Thomas Heath / Washington Post)
• PENSION PULSE: Beware Of The Big Bad Caisse? (blog - Leo Kolivakis)

August 24, 2016

• Pension Reform Win? Court Rules California Can Trim Current Public Employees' Retirement (column - Daniel Borenstein / East Bay Times)
• California Appeals Court Denies Pension Spiking as a Legal Right (Chriss W. Street / Breitbart California)
• A Court Ruling Opens a Path for California Pension Reform (editorial - Press Democrat)
• EDITORIAL CARTOON: The Domino Effect of California's Public Employee Retirement Benefits (Tom Meyer / Press Democrat)
• California Creates a New Public Option for Private Workers That Politicians Control (Allysia Finley / Wall Street Journal)
• California Lawmakers to Vote This Week on State-Run Retirement Plan for Private Sector Employees (Advertising Specialty Institute)
• Newport-Mesa School District Employee Was Paid an Extra $274,000 to Delay Retirement (Jordan Graham & Megan Nicolai / Orange County Register)
• Do the Hokey-Pokey: Chicago Public Schools Strike Threat and Debt (blog - Mary Pat Campbell / STUMP)
• Two Largest Ohio Public Pension Systems Have Become Nation’s Leading Hedge Fund Investors (column - John Damschroder / News Herald)
• Bribing Politicians to Fund Pensions (blog - John Bury / Burypensions)
• Analysis: Teachers Unions Are the Man — Union Employees and the Fight for Better Contracts (column - Mike Antonucci / The 74 Million)
• PENSION PULSE: Disaster Strikes Dallas Police & Fire Pension? (blog - Leo Kolivakis)

August 23, 2016

• California Court Opens Door to Changing Public Employee Pensions (column - Dan Walters / Sacramento Bee)
• Pensions: Low Yields, High Stress -- A Creeping Social and Political Crisis (John Authers & Robin Wigglesworth / Financial Times)
• Report: Marin Public Sector Has $1 Billion in Unfunded Benefit Liabilities, But Reform Underway (Richard Halstead / Marin Independent Journal)
• San Jose Pensions: Plan to Replace Measure B Faces New Legal Challenge (Ramona Giwargis / Mercury News)
• Public Pension Returns: Can Public Pensions Beat the Market? (blog - Mary Pat Campbell / STUMP)
• Iowa's Public Pension Fund, Facing $5 Billion Shortfall, Misses Investment Goal (William Petroski / Des Moines Register)
• Judicial State Pensions (blog - John Bury / Burypensions)
• Investment Company Institute Voices Misgivings About California’s Secure Choice Retirement Plan (Marlene Y. Satter / BenefitsPro)
• Defined Benefit Pension Funding Still a Battleground Post-PPA (Rebecca Moore / Plan Advisor)
• PENSION PULSE: Time To Plunge Into Stocks? (blog - Leo Kolivakis)

August 22, 2016

• Court Pension Decision Weakens 'California Rule’ (blog - Ed Mendel / Calpensions)
• Court Says Public Employees in Marin County, California Can't Stop Pension Reforms (Jeff D. Gorman / Courthouse News Service)
• Marin County Pension Reformers Get Cold Shoulder From Retirement Board (column - Dick Spotswood / Marin Independent Journal)
• California Ruling Takes a Chip Out of Pension Vesting Rules (The Bond Buyer)$$
• CAL FIRE Firefighters Union Threatens to Strike Over Pay and Benefits (Samuel Alioto / Santa Monica Observer)
• CalPERS’ Tainted Fiduciary Counsel Robert Klausner Departs After North Carolina Publicizes His Dubious History (Yves Smith / Naked Capitalism)
• San Benito County Votes to Leave CalPERS' Health Care Network (John Chadwell / BenitoLink)
• Dallas Cops' Pension Fund Nears Insolvency; City Pitches Benefit Cuts to Save Plan From Complete Failure (Tyler Durden / Zero Hedge)
• Dallas Pension Data (blog - John Bury / Burypensions)
• Chicago Schools Step Back From Brink Ahead of Bond-Market Return (Elizabeth Campbell / Bloomberg)
• Chicago Pension Data (blog - John Bury / Burypensions)
• Pension Debt Means Providence, Rhode Island's Demise (op-ed - Steve Laffey / Providence Journal)
• Pennsylvania Auditor General Releases Pension Plan Audits for Municipalities in 11 Counties (Pennsylvania Department of the Auditor General)
• Indianapolis Mayor Wants to Do Away With Traditional Pensions for Future Employees (Hayleigh Colombo / Indianapolis Business Journal)
• Pennsylvania's School Pensions Fuel Property Tax Hikes (Eric Holmberg / Standard-Speaker)
• Puerto Rico’s Worst-Funded Pension Risks Bondholder Showdown; Its Liabilities Push Island's Obligations to $113 Billion (Michelle Kaske / Bloomberg)
• In Scramble for Yield, Pension Funds Will Try Almost Anything Ben Eisen & Aaron Kuriloff / Wall Street Journal)$$
• CBO's Very Bad Report - It's Complete Nonsense That the Top 10% Hold 76% of All US Wealth (Tim Worstall / Forbes)
• Taipei's Young Teachers Urge Retirees to Take Benefit Cuts (Abraham Gerber / Taipei Times)
• PENSION PULSE: Canadian Pensions Unloading Vancouver RE? blog - Leo Kolivakis)

August 21, 2016

• WEEKEND SPOTLIGHT: Marin County Pension Reformers Get Cold Shoulder From Retirement Board (column - Dick Spotswood / Marin Independent Journal)

August 20, 2016

• WEEKEND SPOTLIGHT: Court Says Public Employees in Marin County, California Can't Stop Pension Reforms (Jeff D. Gorman / Courthouse News Service)
• WEEKEND SPOTLIGHT: Dallas Cops' Pension Fund Nears Insolvency; City Pitches Benefit Cuts to Save Plan From Complete Failure (Tyler Durden/Zero Hedge)

August 19, 2016

• California Court Rejects Rigid Application of Vested Rights Doctrine to Pension Reforms (press release - The Retirement Security Initiative)
• READ the Court's Ruling in 'Marin Association of Public Employees v. Marin County Employees’ Retirement Association' (pdf)
• California Appeals Court Rejects Marin Unions’ Challenge to 'Pension Spiking' Reforms (Richard Halstead / Marin Independent Journal)
• A Grand Bargain for Mendocino County’s Pension Fund -- or Bankruptcy? (op-ed - John G. Dickerson / Willits News)
• The Losing Streak of Public Pension Funds (Chuck Reed / The Retirement Security Initiative)
• VIEW THE POWERPOINT: 'The State of State Pension Funding and Underfunding' (pdf - Don Boyd Director & Yimeng Yin / Rockefeller Institute)
• Why Pensions Beat Bonds in Bankruptcy Court (Yvette Shields & Keeley Webster / The Bond Buyer)
• Puerto Rico’s Worst-Funded Pension Fund Risks Bondholder Showdown (Michelle Kaske / Bloomberg)
• PENSION PULSE: Bring In The UN Pension Peacekeepers? (blog - Leo Kolivakis)

August 18, 2016

• Average 'Full Career' CalPERS Retirement Package Worth $70,000 Per Year (Ed Ring / UnionWatch)
• California Tops List of Most Exorbitant Teacher Pensions (blog - John Bury / Burypensions)
• Don’t Wait for Next Bankruptcy Wave to Do Something About California's Unsustainable Public Pensions (op-ed - Robert Fellner / Vallejo Times-Herald)
• How to Earn 7.8% for 20 Years But Be Short $100 Billion (David Crane / Medium.com)
• Pension Primer: Average Investment Returns -- Which Average? (blog - Mary Pat Campbell / Stump)
• How Pension Gridlock Trapped New Jersey, Illinois Politicians (Andrew Coen & Yvette Shields / The Bond Buyer)
• North Carolina's State Pension Fund Is Underfunded, Losing Money (Dan Way / Carolina Journal)
• Emanuel's Pension Bill: $1.1 Billion a Year—and Counting (column - Greg Hinz / Crain's Chicago Business)
• PENSION PULSE: The $6 Trillion Pension Cover-Up? (blog - Leo Kolivakis)

August 17, 2016

• The $6 Trillion Public Pension Hole That We’re All Going to Have to Pay For (Ed Bartholomew & Jeremy Gold / MarketWatch)
• Why the Municipal Pension Crisis Will Worsen (Robert Slavin / The Bond Buyer)
• Rock 'Em, Sock 'Em Actuaries: How Much Are Public Pensions Worth? (blog - Mary Pat Campbell / STUMP)
• Newport Beach, California's Council Candidates Weigh in on Pensions at Forum (Hannah Fry / Daily Pilot)
• The 'Dreadful' New Jersey Education Association (blog - John Bury / Burypensions)
• For Second Straight Year, Maryland's Pension Fund Falls Far Short of Goal (Josh Hicks / Washington Post News Service)
• Double Dipping: New Hampshire Retirees Gaming Pension System (editorial - Union Leader)
• Retirees Need $130,000 Just to Cover Health Care, Study Finds (Ben Steverman / Bloomberg)
• Retiree Health Care Cost Estimates Reach Record Level (Javier Simon / PlanSponsor)
• PENSION PULSE: Top Funds' Activity in Q2 2016 (blog - Leo Kolivakis)

August 16, 2016

• California Tops List of States With Most Exorbitant Public Employee Pensions (blog - John Bury / Burypensions)
• CalPERS Chief Investment Officer's $947,000 Pay Package Tops List of Retirement System's 246,273 Members in 2015 (Transparent California)
• The Growing Crisis of Excessive and Unfunded Retirement Benefits for State and Local Bureaucrats (blog - Dan Mitchell / International Liberty)
• CalPERS Braces for Lower Returns in 'Most Challenging Market’ (James Nash / Bloomberg)
• BART's $3.5 Billion Capital Bond Proposal Allows Union Pay Spiking (Chriss W. Street / Breitbart California)
• Why a Coal Miner Pension Fund Bailout Could Open the Door to a $600 Billion Pension Bailout for All Private Unions (Rachel Greszler / Heritage Foundat
• Central States Pension Fund's Meeting Last Week Has Good and Bad News (Kyle Smith / KVOE-AM)
• The New Landscape of Labor (Steven Malanga / City Journal)
• Chicago Teachers Pension Fund Overpays Retirees Nearly $2.8 Million (Juan Perez Jr. / Chicago Tribune)
• Lawrence, Kansas' Financial Audit Shows Pension Shortfall; Need to Assess Fees (Rochelle Valverde / Lawrence Journal World)
• Ireland to Encourage Working Past 65 to Match Increased Pension Age (Tim O'Brien / The Irish Times)
• PENSION PULSE: The Stock Market Rally Everyone Hates? (blog - Leo Kolivakis)

August 15, 2016

• Unfunded Liabilities in Marin County Top $1 Billion (Robert Fellner / Transparent California)
• New Strategies Needed for California's Public Pensions (editorial - Marin Independent Journal)
• Time to Demand California Pension Reform (column - Mark Sievers / Fairfield Daily Republic)
• Dissident Actuaries Want to Show Big Pension Debt (blog - Ed Mendel / Calpensions)
• Don't Shoot the Messenger on CalPERS' Pensions (letters - Orange County Register)
• How Beaumont, California Hopes to Get Out of Its Financial Mess (Craig Shultz / Press-Enterprise)
• California's Economics of Delusion (op-ed - Joel Kotkin & Bill Watkins / Los Angeles Daily News)
• A Trillion-Dollar Pension Time Bomb (David Nicklaus & Jim Gallagher / St Louis Post-Dispatch)
• Federal Reserve Report Cites Two Decades of Illinois Financial Mismanagement (The Bond Buyer)$$
• REPORT: The Illinois Budget Crisis in Context: A History of Poor Fiscal Performance (pdf - Thomas Walstrum / The Federal Reserve Bank of Chicago)
• Chicagoans on the Hook for $34 Billion in Debt From City’s 4 Pension Funds (John Klingner / Illinois Policy)
• Houston Pension Fund Leadership Shake-Ups Seen as Good Sign for Reform; Shortfall Is Now $5.6 Billion (Mike Morris / Houston Chronicle)
• Can the Dallas Police and Fire Pension Fund Be Saved? (Tristan Hallman / Dallas Morning News)
• Hitchhiker’s Guide to Texas Pension Plans (column - Michael Taylor / San Antonio Express-News)
• An '80% Funding' Triple Play! (blog - Mary Pat Campell / STUMP)
• Pension Positions: Where Michigan Area Governments Stand With Retirement Liabilities (Ryan Bentley / Petoskey News)
• Don't Force Our Children to Pay for Jacksonville's Debt (op-ed - Bill Bishop & Stephen / Florida Times-Union) Joost /
• Face the Facts - Jacksonville's Pension Benefits Have Already Been Slashed (op-ed - Tad Delegal / Florida Times-Union)
• Rhode Island Still Behind on Pensions (editorial - Providence Journal)
• Long Past Time for Pennsylvania to Act on Pensions (op-ed - Dan White / Philadelphia Inquirer)
• New Mexico's Pension Funds Struggle With Shortfalls (Bruce Krasnow / The New Mexican)
• Pensions Still Reeling From 2008 (Amy Whyte / Chief Investment Officer)
• US Public Pension Plans Take More Risks to Keep Contributions Low, Says Rockefeller Foundation Study (Stephanie Kelly / Reuters)
• Another Multiemployer (Union) Plan Files for Benefit Cuts to Avoid Insolvency (blog - John Bury / Burypensions)
• Central States Pension Fund on Precipice of Destruction (op-ed - Jeff Kraker / St. Augustine Record)
• Retirement Security 10 Years After the Pension Protection Act (Rebecca Moore / PlanSponsor)
• Decade After Landmark US Pension Law, Changes Still Needed (column - Mark Miller / Reuters)
• Pensions Are Now a Millstone for Britain (Marion Dakers / The Telegraph)
• British Millennials Are 'Collateral Damage’ as Pension Gap Grows (Neil Callanan / Bloomberg)
• More Provinces in China Report Pension Shortages (Chen Boyuan / China.org)
• United Nation’s $54 Billion Pension Fund in Power Struggle Over New Rules (Kambiz Foroohar / Bloomberg)

August 14, 2016

• WEEKEND SPOTLIGHT: New Strategies Needed for California's Public Pensions (editorial - Marin Independent Journal)

August 13, 2016

• WEEKEND SPOTLIGHT: Can Dallas Police and Fire Pension Fund Be Saved? (Tristan Hallman / Dallas Morning News)

August 12, 2016

• CalPERS' Math Portends Grim Future for California's Local Government Budgets (editorial - San Diego Union-Tribune)
• CalPERS: Isn’t 17 Years of Failure Enough? (Chuck Reed / Retirement Security Initiative)
• SEE Which Legislators Voted for SB400 in 1999 and Helped Increase California's Pension Liability by Hundreds of Billions of Dollars (LegInfo Website)
• BART Could Use Bonds for Labor Costs (column - Daniel Borenstein / East Bay Times)
• Downey, California to Ask Voters to Increase Sales Tax for Fire and Police (Arnold Adler / Los Angeles Wave)
• California Legislature Picks on UC Again (David Crane / Medium.com)
• Reason's Pension Reform Newsletter - August 2016 (Leonard Gilroy & Anthony Randazzo / Reason Foundation)
• Illinois: The State With the Worst Funded Ratio (blog - John Bury / Burypensions)
• Illinois' Slippery Slope (Bob Schneider / Chicago Now)
• Dallas Police and Fire Pension Fund Facing Disaster (Brett Shipp / WFAA-TV)
• Jacksonville City Employees Endorse Pension Tax Referendum (Jessica Palombo / WJCT-TV)
• Illinois Cracking Under Weight of Public Pensions (column - George Will / Washington Post)
• New York City Puts the 'OT' in 'Gotham' as Hundreds of Government Employees More Than Double Their Pay (press release - Empire Center)
• New Study Examines Pension Underfunding in Alabama (Anil Niraula / Reason Foundation)
• No Love, Actuary: A Report on American Pension Funds Is Controversially Shelved (editorial - The Economist)
• US Still Paying a Civil War Pension (Curt Mills / US News & World Report)
• PENSION PULSE: Is Smart Money Confused? (blog - Leo Kolivakis)
• TODAY IN HISTORY: The Spanish-American War Ended in 1898 (blog - Fold3)

August 11, 2016

• The CalPERS $100,000 Pension Club Adds New Members (editorial - Orange County Register)
• California’s Six-Figure Pension Club Has More Than 20,000 Members (Eric Boehm / Reason)
• Public Pension Figures for '$100,000 Club' Hit a Nerve, With Some Saying 'Not Fair!' (Teri Sforza / Orange County Register)
• David N. Ream Retains Top Spot Among Orange County CalPERS Retirees (Matt Coker / OC Weekly)
• Univ. of California/Davis' Katehi Gets $424,360 'Parachute’ Common for University Presidents (Diana Lambert / Sacramento Bee)
• Sleight-Of-Hand, Intimidation Was Used to Make Nevada's Public Pension Plan the Nation’s Richest (Robert Fellner / Nevada Policy Institute)
• Our Selfless 'Public Servants' Must Suffer (commentary - Paul Jacob / Common Sense)
• Texas vs. California Update for August 10, 2016 (blog - Lawrence Person / BattleSwarm)
• Kentucky Pensions Update: Their Investment Returns Also Sucked (blog - Mary Pat Campbell / STUMP)
• State With the Worst Depletion Ratio (blog - John Bury / Burypensions)
• Trade Group Trying to Kill California Bill Making State-Run Retirement Accounts a Private Sector Worker Benefit (James Rufus Koren/Los Angeles Times)
• Who Will Bail Out Insolvent Union Pension Funds? (George Leef / Forbes)
• PENSION PULSE: Canada's Pensions Hunting For Energy Deals? (blog - Leo Kolivakis)

August 10, 2016

• An Unsolvable Math Problem: Public Pensions Are Underfunded by as Much as $8 Trillion (Tyler Durden / Zero Hedge)
• Shining a Light on the Public Pension Crisis (Robert Fellner / Real Clear Policy)
• $388,408 Pension for Former Solano County Administrator Tops California List (Ryan McCarthy / Daily Republic)
• California Among 10 States at Risk for 'Significant Fiscal Stress' in a US Downturn, Says S&P Report (Jeff Daniels / CNBC)
• Financial Economics Principles Applied to Public Pension Plans (blog - John Bury / Burypensions)
• New York Public Pensions: Poor Returns and Increasing Costs (blog - Mary Pat Campbell / STUMP)
• How Houston Got Into a $4 Billion Pension Mess (Ryan Holeywell / Houston Chronicle)
• Former Neurosurgeon Replaces Univ. of Oregon Football Coach as State's Top Public Pension Recipient with $663,354 (AP / Daily Astorian)
• Followup on the Actuarial Squabble (blog - Mary Pat Campbell / STUMP)
• Social Security Warns of Furloughs, Service Cuts if Congress Enacts Proposed Funding (Eric Katz / Government Executive)
• PENSION PULSE: Bill Gross Admonishes Public Pensions? (blog - Leo Kolivakis)

August 9, 2016

• Mendocino County Employees and Retirees: Your Pension House Is on Fire! (John G. Dickerson / Your Public Money)
• The CalPERS '$100,000 Club' -- Retired Public Employees With Pensions Over $100K -- Is a Growing Group (Teri Sforza / Orange County Register)
• The Pinch of California's Public Pensions (column - Dan Walters / Press Democrat)
• Retirees From These LA County Cities Get Some of the Biggest Pensions in California (Alicia Robinson & Jason Henry / San Gabriel Valley Tribune)
• Long Beach’s Top 10 Pension Payments Are Going to These People (Courtney Tompkins / Long Beach Press Telegram)
• Which South Bay Cities Top Lists of Highest Average Pensions for Retirees? (Alicia Robinson & Cynthia Washicko / Daily Breeze)
• Few Inland Public Employee Pensions Among Highest in California (Alicia Robinson / Press-Enterprise)
• Kern County Fire Department Overtime Scrutinized as County Cuts Costs (James Burger / Bakersfield Californian)
• In California Local Government Hiring, Nepotism Is Widespread -- 'Public Servants' Are Our State’s True Aristocracy (Richard Rider / FlashReport)
• Failure of New Pension Accounting Standards Shows in Chicago Police, Fire Pension Reports (Mark Glennon / Wire Points Illinois)
• Chicago Update: Pensions, Taxes, and Bonds (blog - Mary Pat Campbell / STUMP)
• Actuarial Liability Camouflage (blog - John Bury / Burypensions)
• After Stinging Loss, New Jersey Teachers' New Pension Plan May Begin With Revenge (Matt Arco / NJ.com)
• New Jersey's Pension Crisis Explained With Popsicle Sticks (video - Amanda Marzullo / NJ Advance Media for NJ.com)
• PENSION PULSE: The Bond Market's Big Illusion? (blog - Leo Kolivakis)

August 8, 2016

• Actuarial Establishment Tries to Suppress Explosive Paper on Public Pensions (editorial - The American Interest)
• The Crux of the Public Pension Crisis: Deceptive Accounting That Started Long Ago and Continues to This Day (David Crane / Medium)
• Marin County's Public Pension Fund’s 1.62% Investment Earnings Disappoint (Richard Halstead / Marin Independent Journal)
• For Public Pension Systems, Past Performance Is No Guarantee of Future Results (op-ed - Leonard Gilroy / Orange County Register)
• Retired Bell Police Chief’s $288,000 Pension Tops CalPERS' List of Los Angeles-Area City Retirees (pressrelease - Transparent California)
• Government-Run Pension Plan for Millions of Private Sector California Workers Still Has Issues (column - Dan Walters / Sacramento Bee)
• Emanuel Administration Using Repealed Contribution Schedules for Chicago Police and Firefighter Pension Numbers (Mark Glennon / WirePoints Illinois)
• Chicago Aldermen Created This Pension Mess. Now They Dislike Emanuel's Proposed Fixes. (editorial - Chicago Tribune)
• City Hasn’t Yet Escaped Fiscal Net (editorial - Chicago Sun-Times)
• Pensions Weekend Wrap-Up: Chicago, the Actuaries, and New Jersey (blog - Mary Pat Campbell / STUMP)
• New York City Pension Costs Soar With Investment Shortfalls (Anna Sanders / Staten Island Advance)
• New Jersey Pension Data (blog - John Bury / Burypensions)
• Oregon Swallowed by Public Pension Costs (editorial - The Register-Guard)
• Oregon Must Contain the Roaring Public Pension Fire (editorial - The Oregonian)
• Tennessee Legislator Pensions Are Absurd (column - David Moon / Knoxville News-Sentinel)
• Raimond's Rhode Island Pension Fund Experiment Fails (Russell J. Moore / GoLocalProv)
• GOP, Dems Not Eye to Eye on Retirement, Tax Issues (Hazel Bradford / Pensions & Investments)
• PENSION PULSE: Low Returns Taking a Toll on US Pensions? (blog - Leo Kolivakis)

August 7, 2016

• WEEKEND SPOTLIGHT: The Crux of the Pension Matter: Deceptive Accounting That Started Long Ago and Continues to This Day (David Crane / Medium)

August 6, 2016

• WEEKEND SPOTLIGHT: For Pensions Systems, Past Performance Is No Guarantee of Future Results (op-ed - Leonard Gilroy / Orange County Register)

August 5, 2016

• Low Investment Returns Taking a Toll on US Public Pension Funds (Rory Carroll & Edward Krudy / Reuters)
• These States Are Headed for a Death Spiral (John Mauldin / Business Insider)
• Direct Democracy: California’s Last Hope? (Steven Greenhut / The American Spectator)
• Emanuel Rules Out Compromise on Water and Sewer Tax (Fran Spielman / Chicago Sun-Times)
• Solutions for Illinois' Perplexing Public Pension Gordian Knot (video - Chicago Tonight / WTTW)
• Pension 'Spikes’ Exposed to Sunshine: Law Makes Local Governments Announce Pre-Retirement Pay Bumps (Patrick Yeagle / Illinois Times)
• Following 40-year Sentence, Drew Peterson Sues Bolingbrook, Illinois to Get Police Pension Back (Andy Grimm / Chicago Sun-Times)
• Overtime Overload: And the Effect on Pennsylvania's State Pensions Is Overboard, Too (editorial - Pittsburgh Post-Gazette)
• New Jersey Education Association Crosses the Line With Pension Ultimatum (editorial - Courier-Post)
• Defining Corruption (blog - John Bury / Burypensions)
• Current Situation Makes New Jersey Pension Funding Increase a No-Go, Says Senate President (CBS New York)
• 3 Hudson County, New Jersey Freeholders Support Adding Pension Question to November Ballot (John Heinis / Hudson County View)
• Let’s Fix Rutland, Vermont's Pension Fund (op-ed - Wendy Wilton / Rutland Herald)
• Iron Workers Retirees Get Temporary Reprieve From Pension Cuts (Stephen Koff / Cleveland Plain Dealer)
• PENSION PULSE: Chicago's Pitchforks and Torches? (blog - Leo Kolivakis)

August 4, 2016

• The Pension Tsunami (op-ed - Dan Liljenquist / Deseret News)
• CalPERS' Pension Promises: Myth, Reality, What’s Next? (blog - Mike Shedlock / MishTalk)
• CalPERS Responds to Media Coverage of Its Investment Returns and Long-Term Sustainabiity (Mondo Visione)
• Actuarial Leaders Disband Task Force, Object to Paper on Public Plan Liabilities (Barry B. Burr / Pensions & Investments)
• Public Pensions Actuarial Valuations: Point-Counterpoint-DENIED! (blog - Mary Pat Campbell / STUMP)
• Chicago Pension Fix: 28% Water/Sewer Tax, Phased in Over 4 Years (Fran Spielman / Chicago Sun-Times)
• Chicago Seeks Tax Hike to Avert Insolvency for Pension Fund (Elizabeth Campbell / Bloomberg)
• Analysis: If Only Daley Hadn’t Punted Chicago's Pension Crisis to Emanuel (Fran Spielman / Chicago Sun-Times)
• New Jersey Education Association Crosses the Line With Pension Ultimatum (editorial - Courier News)
• Rhode Island State Pension Fund Loses $466 Million (Gregory Smith / Providence Journal)
• PENSION PULSE: Sell Everything Except Gold? (blog - Leo Kolivakis)

August 3, 2016

• Why Is CalPERS Underperforming? (John Seiler / Fox & Hounds)
• New Accounting Standards Paint Bleaker Picture for Illinois' State Pension Debt (Illinois News Network)
• What Chicago Will Tell Bond Investors This Week (Yvette Shields / The Bond Buyer)
• Mayor Emanuel Can Fix Chicago's Pension Problem — But It'll Cost Him His Job (letter - Chicago Tribune)
• Chicago Pension Plan in Works, But Taxpayers Face More Pain (Hal Dardick & Bill Ruthhart / Chicago Tribune)
• City Looking at Raising Utility Tax to Pay for Worker Pensions (Derek Blakley / CBS Chicago)
• Oregon Pension Costs to Rise $885 Million Over 2 Years (Bend Bulletin)
• 'Just Vote No' to Jacksonville Pension Tax Campaign (Sean Birch / WJCT Radio)
• Average Pension for Most Recently Retired New York City Firefighters Approaches $120,000/year (press release - Empire Center)
• State Pension Plan Depletion Ratios (blog - John Bury / Burypensions)
• Massachusetts State Pension Fund Gained 2.3% Last Fiscal Year (Beth Healy / Boston Globe)
• College Endowments Seen Posting Worst Returns Since 2009 (Janet Lorin & Martin Braun / Bloomberg)
• EU Demands Britain Pays Pensions of 1,730 Eurocrats in Wake of Brexit Vote (Martin Banks & Michael Wilkinson / The Telegraph)
• PENSION PULSE: Is The Greenback Set To Tumble? (blog - Leo Kolivakis)

August 2, 2016

• California Pension Funds Caught in Ever-Tighter Income-Outgo Squeeze (column - Dan Walters / Sacramento Bee)
• GOLDEN OLDIE: California Crowd-OutHow Rising Retirement Benefit Costs Threaten Municipal Services (Stephen Eide / Manhattan Institute)
• The China Factor in America's State and Local Economies: Pensions and Tax Revenues Here Feel the Pinch (Liz Farmer / Governing)
• Mayor Emanuel Eyes Utility Tax Increase to Save Chicago's Largest Pension Fund (Fran Spielman / Chicago Sun-Times)
• Actuarial Solution to New Jersey’s Pension Crisis (blog - John Bury / Burypensions)
• Investment Results Season for Public Pensions: Below Targets (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: Japan GPIF's Passive Disaster? (blog - Leo Kolivakis)

August 1, 2016

• CalPERS' Funding Gap May Grow Under New Trend (blog - Ed Mendel / Calpensions)
• CalPERS Is Well Prepared for Market’s Ups and Downs, Says Its President (op-ed - Rob Feckner / Sacramento Bee)
• Putting It All on Red: The Rules Encourage Public-Sector Pension Plans to Take More Risk (column - Buttonwood / The Economist)
• California's Public Pensions Bear No Risk When Yields Are Low (letter - Bob Bunnell / Marin Independent Journal)
• Why CalPERS Cannot Expect Years of High Returns (letters - Los Angeles Times)
• Bankrupting Pensions – One Basis Point at a Time (Mike Larson / Money and Markets)
• Pension Funding on a 7.5% Assumption in a 6% World (Chuck Reed / Retirement Security Initiative)
• Why All the Tax Measures in Sonoma County? Turn to Page 13 and See the Pension Report (Paul Gullixson / Press Democrat)
• EDITORIAL CARTOON: Taxpayers Being Crushed by Deficits and Unfunded Pensions (Nick Anderson / Press Democrat)
• Hunting Down the Salaries of the Highest-Paid Public Officials (Krista Gmelich / CNBC)
• Finding State Pension Data (blog - John Bury / Burypensions)
• Need for Nevada Pension Reform Becoming More Urgent (op-ed - Robert Fellner / Las Vegas Review-Journal)
• Grand Bargain: Early Payments Shift Investment Burden to Detroit's Pension Funds (Sandra Svoboda / WDET)
• AUDIO: Hear Steve Malanga Discussing Detroit's Pension Funding (Sandra Svoboda / KDET)
• Chicago’s Friday Bunk Dump on Pensions (Mark Glennon / WirePoints Illinois)
• Ohio Public Pensions: Point, Counterpoint, and Meeppoint (blog - Mary Pat 'Meep' Campbell / STUMP)
• RSI’s Hero of the Week: Arizona State Senator Debbie Lesko (Retirement Security Initiative)
• Lifetime Benefits Are Too Lavish for Tennessee Legislators' Part-Time Work (column - Frank Daniels III / The Tennessean)
• Oregon's Public Pension Costs Will Go Up $885 Million Next Year (Ted Sickinger / The Oregonian)
• Pension Debt Crippling Pennsylvania's State, County and Local Governments (letter - TribLive)
• No Pensions for Corrupt New Jersey Officials (editorial - Asbury Park Press)
• New York City Pension Costs Shooting Up (E.J. McMahon / Empire Center)
• Poor Pension Returns to Cost New York City $700 Million (Greg David / Crain's New York Business)
• Hudson County, New York Ex-Cons Receiving Public Pensions: Report (Terrence T. McDonald / The Jersey Journal)
• Tales of Pension Fraud: Hidden Deaths and Elder Abuse (blog - Mary Pat Campbell / STUMP)

July 31, 2016

• WEEKEND SPOTLIGHT: Chicago’s Friday Bunk Dump (Mark Glennon / WirePoints Illinois)

July 30, 2016

• WEEKEND SPOTLIGHT: Bankrupting Pensions – One Basis Point at a Time (Mike Larson / Money and Markets)

July 29, 2016

• California’s Ignored Pension Crisis Is Only Getting Worse (op-ed - Chuck Reed / Sacramento Bee)
• Fremont: Report Says City Employees 8th Highest Paid in California (Julian J. Ramos / San Jose Mercury News)
• Don't Be So Sure That States Can't Go Bankrupt (John Mauldin / Forbes)
• State Pensions With Crooks (blog - John Bury / Burypensions)
• Group Warns of More Property Tax Hikes for Chicago Teacher Pensions (Fran Spielman / Chicago Sun-Times)
• North Carolina Pension Fund Reports Small 1.77% Annual Gain (The Bond Buyer)
• Miami Quietly Resurrecting Pensions for Elected Officials (David Smiley / Miami Herald)
• Japan's Pension Fund -- World's Largest -- Suffers Worst Year Since 2008 Financial Crisis With -3.1% Return (Eleanor Warnock / Wall Street Journal)
• World’s Biggest Pension Fund Loses $51 Billion in Stock Rout (Yuko Takeo & Shigeki Nozawa / Bloomberg)
• PENSION PULSE: Brexit's Biggest Fans in Big Trouble? (blog - Leo Kolivakis)

July 28, 2016

• Reality Check on California's Public Pension Fund Investments (editorial - San Francisco Chronicle)
• Another Bad Year for CalPERS (editorial - Los Angeles Times)
• The Fruits of California's Pension Politicization (editorial - The American Interest)
• San Jose Leaders to Finalize Measure B Replacement Ballot (Ramona Giwargis / Mercury News)
• What Jerry Brown Won't Tell the DNC About California (Patrick Gleason / Forbes)
• Cook County, Illinois' Pension Liability Skyrockets From $6 to $15 Billion (Chriss W. Street / Breitbart California)
• Fixing Pennsylvania's Broken Pensions (editorial - Bucks County Courier Times)
• Idaho Pension System Off-Target for Second Year in a Row (Dustin Hurst / Idaho Reporter)
• Troubled Kentucky State Pension Fund Holds Bankrupt Coal Firm Shares (Sean Forbes / Bloomberg Bna)
• Atlantic City May Default Without State Aid, Moody’s Says (Romy Varghese / Bloomberg)
• New Jersey Crooks With State Pensions (Andrew Ford / myCentralJersey.com)
• Ex-Sparta Cop Wins Pension Case Again (Joe Carlson / New Jersey Herald)
• Joint Committee Formed to Tackle South Carolina's Pension Fund Woes (Gavin Jackson / Post and Courier)
• US Public Pensions to Post Historically Low Returns Amid $1 Trillion Funding Gap (Andrew Moran / Economic Collapse News)
• Facing Its Own Pension Spike, New York State Teachers Union Looks to Cut Staff Benefits (Rick Karlin / Times Union)
• PENSION PULSE: Bridgewater's Culture of Fear? (blog - Leo Kolivakis)

July 27, 2016

• CalSTRS's Too-Great Expectations (David Crane / Medium.com)
• PENSION PULSE: CalSTRS Gains 1.4% in Fiscal 2015-16 (blog - Leo Kolivakis)
• Fuse Lit on the Pension Time Bomb, and the Next Tax Revolt? (blog - Steven Hayward / Power Line)
• Richmond, California Police Officer Who Killed Unarmed Man to Receive Tax-Free Compensation for Life (Karina Ioffee / East Bay Times)
• Appreciating Police Officers, Challenging Police Unions (Ed Ring / UnionWatch)
• How the Nevada Public Pension Fund Made Its State's Employees Some of the Nation’s Richest (Robert Fellner / Nevada Policy Institute)
• READ THE REPORT: Footprints: How NVPERS, Step by Step, Made Nevada Government Employees Some of the Nation's Richest (pdf)
• Toll for State Pensions (blog - John Bury / Burypensions)
• Cook County Pension Liability Leaps by 130% in 2015 by Switching to New Accounting Standards (Mark Glennon / WirePoints)
• NEW REPORT: The Cost of Illinois’ Lawmakers (John Klingner & Ted Dabrowski / Illinois Policy)
• Chicago Interest Expense on the Rise (Bill Bergman / Reboot Illinois)
• Are Taxpayers Footing the Bill to Keep Public Pensions Healthy? (video - Adam Shapiro / Fox Business News)

July 26, 2016

• Letting Taxpayers Know How Their Money Is Being Spent (editorial - Marin Independent Journal)
• EDITORIAL CARTOON: CalPERS Comes Up Short in Pension Pursuit (George Russell / Marin Independent Journal)
• Public Pension Returns Slump, Squeezing States and Cities (Timothy W. Martin / Wall Street Journal)$$
• Unions Are the Root Cause of Policing Problems (Steven Greenhut / The American Spectator)
• California Teachers Association Hits Taxpayers With 'Money Club’ Again (Jon Coupal / Howard Jarvis Taxpayers Association)
• Texas vs. California Update for July 25, 2016 (blog - Lawrence Person / BattleSwarm)
• University of California Chancellors Get Raises -- Some for Second Straight Year (Katy Murphy / San Jose Mercury News)
• Illinois Diverts Federal Funds From Teachers to the Teachers’ Retirement System (Cynthia Wolf / Madison Record)
• Illinois' Public-Sector Unions Are Sucking the Life Out of Taxpayers (letter - Chicago Tribune)
• Illinois Gov. Rauner and the Trouble With AFSCME's Sweetheart Deal (op-ed - Diana Sroka Rickert / Chicago Tribune)
• Chicago Still Has Time to Embrace Pension Reform, Moody’s Says (Elizabeth Campbell / Bloomberg)
• Chicago's Woes Remain Despite Incremental Progress (Yvette Shields / The Bond Buyer)
• Mixed Ruling on Chicago Retiree Healthcare (Yvette Shields / The Bond Buyer)
• Study: Half-Cent Sales Tax Not Enough to Fix Jacksonville's Pension Problem (Jim Piggott - Reporter / WJXT-TV)
• Why American Public-Sector Pension Plans Take More Risk (column - Buttonwood / The Economist)
• Congress Must Address Public Pension Plan Unfunding (Sheila Weinberg / Pensions & Investments)
• State Pensions Aren't Washington’s Problem (letters - Wall Street Journal)$$
• States Move Forward With Auto-IRA Programs: What’s Next for the Feds? (K&L Gates)
• Long Island Banana King Sentenced to Extra Five-and-a-Half Years for Stealing Employee Pensions (Dale W. Eisinger & Stephen Rex / New York Daily News)
• NEW POLICY BRIEF: How Can We Realize the Value That Annuities Offer in a 401(k) World? ( Steven A. Sass / Center for Retirement Research)
• Italy Pension Funds Urged to Invest in Bank Rescue Plan (Stefano Bernabei & Francesca Landini / Reuters)
• PENSION PULSE: Beware of a Bull Trap? (blog - Leo Kolivakis)

July 25, 2016

• CalPERS' Earnings Flop Means Belt Tightening for California Taxpayers (op-ed - Steven Greenhut / Orange County Register)
• California's Politicians Ignore Long-Term Effects as They Seek Instant Payoff (column - Dan Walters / Sacramento Bee)
• The Public Pension Problem: It's Much Worse Than It Appears (Steven Malanga / Investor's Business Daily)
• Mendocino County's Pension Debt: The Result of Rewarding Failure (op-ed - John G. Dickerson / Ukiah Daily Journal)
• Urgency Needed in Addressing Sonoma County Pension Crisis (editorial - Press Democrat)
• EDITORIAL CARTOON: California's Rising Pension Costs (Lisa Benson / Press Democrat)
• CalPERS Is in Big Trouble (Kevin Drum / Mother Jones)
• Giant California Teachers Pension Fund, CalSTRS, Posts Worst Result Since 2008 Crisis (Timothy W. Martin / Wall Street Journal)
• Investment Returns Falter at CalPERS (Annie Baxter / KERA-FM)
• Problems With California’s Pension System (editorial - San Mateo Daily Journal)
• A Stock Market Crash Will Take the California Pension System Along With It (Seth Archer / Business Insider Australia)
• There's Nothing 'Socially Responsible' About Low Pension Returns (Diana Furchtgott-Roth / Economics 21)
• California's Pension Funding Crisis Just Got Worse (Chris Matthews / Fortune)
• Promises, Promises, Pension Promises (John Mauldin / Mauldin Economics)
• An 80% Funding Mythbusting Hero! Take a Bow, David Crane! (blog - Mary Beth Campbell / STUMP}
• Poor 0.5% Return Hastens San Diego County Pension Fund's Reckoning (Dan McSwain / San Diego Union-Tribune)
• Coming Tax Hikes for Public Employee Pensions -- How Much Will You Pay? (Chuck DeVore / Forbes)
• Los Angeles' Port Pilots Are Awash in Overtime Pay (Jack Dolan / Los Angeles Times)
• Eternal Doom: The Implication of Democrats’ Legal Positions on Illinois Pensions (Mark Glennon / WirePoints)
• What Are Illinois' Real Pension Options Now? (column - Greg Hinz / Crain's Chicago Business)
• Another Union Pension Plan Files for Benefit Cuts in an Attempt to Avoid Insolvency (blog - John Bury / Burypensions)
• Thousands Protest Against Morocco's Pension Reforms (Ken Karuri / Africa News)
• PENSION PULSE: PSP Investments Gains 1% in FY 2016 (blog - Leo Kolivakis)

July 24, 2016

• WEEKEND SPOTLIGHT: CalPERS' Earnings Flop Means Belt Tightening for California Taxpayers (op-ed - Steven Greenhut / Orange County Register)
• Pension Reform Lawsuit Against Marin County Approaches $35,000 Raised: Unlawful Pension Increases Are Draining Billions From California

July 23, 2016

• WEEKEND SPOTLIGHT: The Public Pension Problem: It's Much Worse Than It Appears (Steven Malanga / Investor's Business Daily)

July 22, 2016

• CalPERS Running Up Record Pension Debt on Your Credit Card (column - Daniel Borenstein / East Bay Times)
• Truth or Consequences: Second in a Series on Healthy Pension Fund Governance (David Crane / Medium.com)
• Terrible Returns Keep California’s Public Pension Bomb Growing -- And Don’t Forget That Massive Wage Increase Coming! (Scott Shackford / Reason)
• CalPERS … Private Equity … and the Quest to Be Governor (Tony Butka / CityWatch LA)
• The Pension Monster and How Much It’s Costing You to Keep It Fed (Jack Humphreville / CityWatch LA)
• Police Debates Need More Policy, Less Emotion (Steven Greenhut / Reason)
• The Pension Vise Tightens in California (editorial - The American Interest)
• Ready to Retire? Avoid These 4 States and Their Crushing Pension Debt (Chuck Reed / Governing)
• PENSION PULSE: CalPERS Smears Lipstick on a Pig? (blog - Leo Kolivakis)

July 21, 2016

• California’s Public Employee Pension Plans [CalPERS and CalSTRS] Report Dismal Results, Increasing Their Shortfalls (Bob Adelmann / The New American)
• California's Public Pensions Are a Big Old Slow-Moving Disaster (Hamilton Nolan / Gawker)
• CalSTRS Investments Gain 1.4% as Pension Fund Misses 7.5% Goal (John Gittelsohn / BenefitsPro)
• CalPERS’ Unfunded Liabilities Grow as Investment Earnings Lag (column - Dan Walters / Modesto Bee)
• CalPERS Struggles for Returns in a Low-Rate World (Covestor Ltd. / The Street)
• Unraveling California’s New 'Fiscal Paradox': Record Revenues Reaped, While Record Number of Taxes Increase (David Kersten/ Fox & Hounds)
• Is Sky Falling on California's Pension Finances? (editorial - Redlands Daily Facts)
• Judging Criminal Characters (blog - John Bury / Burypensions)
• Incoming Phoenix Police Chief Triple-Dipping Through Previous California Pension (Dave Biscobing & Anthony Cave / ABC 15 Arizona)
• Massachusetts Governor Trying to Prevent 'Freefall’ of T Pension Fund (Matt Stout / Boston Herald)
• Regulations Incent Public Pensions to Take Risky Investments (editorial - PlanSponsor)
• READ THE REPORT: 'Pension Fund Asset Allocation and Liability Discount Rates' (Aleksandar Andonov, Rob Bauer & Martijn Cremers)
• Will Bitcoin Be the Leg That Stabilizes a Failing Retirement System? (Chase Green / DCEBrief)
• Pension Cuts Loom as Low Interest Rates Continue to Hit Dutch Pension Funds (Dutch News)
• PENSION PULSE: bcIMC Dips 0.2% in Fiscal 2016 (blog - Leo Kolivakis)

July 20, 2016

• CalSTRS Reports 1.4% Investment Return (Dale Kasler / Sacramento Bee)
• CalPERS’ Unfunded Liabilities Grow as Its Investment Earnings Lag (column - Dan Walters / Sacramento Bee)
• Stop Digging Record CalPERS Debt Deeper (editorial - East Bay Times)
• Public Employee Unions Benefit From the Asset Bubble That Harms Workers (Ed Ring / UnionWatch)
• Alaska's Walker Warns of a Budget Crisis Within Two Years if Lawmakers Fail to Act (Kyle Glazier / The Bond Buyer)
• Judge to Decide Joplin Pension Case After Attorneys File Final Documents (Debby Woodin / Joplin Globe)
• PENSION PULSE: Hard Times in Hedge Fundistan? (blog - Leo Kolivakis)

July 19, 2016

• CalPERS Earned Less Than 1% in Last Fiscal Year (Dale Kasler / Sacramento Bee)
• The Consequences of CalPERS' Weak Pension Fund Earnings (David Crane / Medium.com)
• Unfunded Pension Costs Are 'Eating Our Budget Alive,' Says Mayor of Jacksonville, Florida (video - Jenna Bourne / WFOX-TV)
• Actuarial Lies and Consequences (blog - John Bury / Burypensions)
• Nevada's Opaque Pension System (commentary - Paul Jacob / Common Sense)
• Why We Can’t Keep Putting Off a Social Security Fix (Charles Blahous / Economics 21)
• Bill Would Move PBGC Premiums 'Off Budget’ (Rebecca Moore / PlanSponsor)
• Universal Retirement Plan Bill Introduced (Rebecca Moore/ PlanSponsor)
• Debt, Debt Everywhere (video - Wall Street Journal)
• PENSION PULSE: The Yipee Stock Market? (blog - Leo Kolivakis)

July 18, 2016

• Sonoma County Pension Panel Sounds Alarm Over Rising Taxpayer Costs (Angela Hart / Press Democrat)
• READ THE REPORT of the Sonoma County's Independent Citizens Advisory Committee on Pension Matters (County of Sonoma)
• As CalPERS Exits Hedge Funds, CalSTRS Adds More (blog - Ed Mendel / Calpensions)
• Californians Are Getting Their Democracy 'Good and Hard’ (Steven Greenhut / The American Spectator)
• Tell Me Again Why California Needs Higher Taxes? (Jon Coupal / Howard Jarvis Taxpayers Association)
• New York Metropolitan Transportation Authority’s Pension Liabilities Top $7 Billion (Andrew Tangel / Wall Street Journal)
• Another Alternative Bust (blog - John Bury / Burypensions)
• How to Save Public Pensions, No Federal Bailout Needed (Ed Bachrach / Wall Street Journal)
• Mason City, Iowa to Pay More to Fund for First Responders This Year (Brian Tabick / KIMT-TV)
• PENSION PULSE Update: The Bond Market's Ominous Warning? (blog - Leo Kolivakis)

July 17, 2016

• WEEKEND SPOTLIGHT: Sonoma County Pension Panel Sounds Alarm Over Rising Taxpayer Costs (Angela Hart / Press Democrat)
• READ THE REPORT of the Sonoma County's Independent Citizens Advisory Committee on Pension Matters (County of Sonoma)

July 16, 2016

• WEEKEND SPOTLIGHT: Californians Are Getting Their Democracy 'Good and Hard’ (Steven Greenhut / The American Spectator)

July 15, 2016

• Bad CalPERS Earnings Worsen $93 Billion Taxpayer Debt (column - Daniel Borenstein / Mercury News)
• More Bad News for CalPERS (editorial - Orange County Register)
• CalPERS' New CEO Frost Sees Boost in PE, Realty Investments (John Gittelsohn / Bloomberg)
• When You See Tax Increases on the Ballot, Think Pensions (Joel Fox / Fox & Hounds)
• LA County Parks Tax: The Straw That Broke the Camel’s Back? (Jack Humphreville / CityWatch LA)
• NEW REPORT: The Impact of Public Pension Board of Trustee Composition on State Bond Ratings (John A. Dove, Courtney Collins & Daniel J. Smith)
• Traverse County, Michigan's Pension Reform Plan Would Save Millions of Dollars, Cut Retiree Benefits (Matt Troutman / Record-Eagle)
• United Nations Staffers Protest Plans to Privatise $53 Billion Pension Fund (Thalif Deen / Inter Press Service)
• A $35 Billion Pension Bomb Shows Who Really Has Power in Poland (Marek Strzelecki & Wojciech Moskwa / Bloomberg)
• PENSION PULSE: The Bond Market's Ominous Warning? (blog - Leo Kolivakis)

July 14, 2016

• CalPERS Suffers $30.8 Billion Annual Loss (Chriss W. Street / Breitbart California)
• Is Sky Falling on California's Public Pension Finances? (editorial - Los Angeles Daily News)
• How a Major Market Correction Will Affect California's Pension Funds, and How to Cope (Ed Ring / California Policy Center)
• Chicago's Collapse Has Begun (Michael Bargo, Jr. / American Thinker)
• Retired Illinois State Leaders Living High Off the Hog at Taxpayers Expense (op-ed - Andrew Burger / Madison Record)
• GOLDEN OLDIE: America’s Forgotten 33% -- Those Middle-Class Private Sector Workers Who Make Enough to Pay Taxes (Ed Ring / Union Watch)
• Adventures in Corporate Giveaways: The Curious Case of Anaheim, California (John Mirisch / Huffington Post)
• Moody's: US Multiemployer Pension Plans’ Funding Deficit Rises 5.6% in 2014 (Meaghan Kilroy / Pensions & Investments)
• US Multiemployer Pension Funding Levels to Deteriorate, Moody’s Says (Tatyana Shumsky / Wall Street Journal)
• Wyoming Senator Enzi Addresses Underfunded Private Pension Plans (Ron Richter / Sheridan Media)
• The World’s Most Admired Pension System Teeters on Its Pedestal (Aegon)
• Poland Plans Partial Takeover of Private Pension Funds (Sebastian Zimmermann / Transitions Online)
• PENSION PULSE: The Big CPP Clash? (blog - Leo Kolivakis)

July 13, 2016

• CalPERS Sees Flat Earnings for a Second Year (column - Dan Walters / Fresno Bee)
• CalPERS Expected to Show Multi-Billion Loss for Fiscal Year Ended June 30, 2016 (blog - Yves Smith / Naked Capitalism)
• CalPERS Sinks Further Into Fiscal Insolvency (David Kersten / Kersten Institute)
• Populist Unity Can Overcome the Establishment's Supermajority (Ed Ring / UnionWatch)
• Do CalFire Employees Really Make Minimum Wage? (letter - Will Swaim / Sacramento Bee)
• Proposed Wage Hikes Would Add $1.8 Million to County of Marin Expenses (Richard Halstead / Marin Independent Journal)
• Anaheim to Award Biggest Tax Subsidy in City History to Disney—Union Leaders Remain Quiet (David Schwartzman & Matt Smith / OC Weekly)
• Illinois' Pension Obligations Must Be Met (op-ed - Eric Madiar / State Journal-Register)
• Bellwood, Illinois School District Pays $105,000 to Refill Superintendent's Pension Account (Angela Caputo / Chicago Tribune)
• Bellwood, Illinois School District Spends on Travel, Perks While Deep in Debt (Angela Caputo / Chicago Tribune)
• Duller Heads Prevailing in New Jersey (blog - John Bury / Burypensions)
• Scranton Double Pension Hearings Conclude; Ruling Not Expected for Months (Terrie Morgan-Besecker / Times-Tribune)
• Oregon Should Phase Out Government Retiree Health Insurance (editorial - Bend Bulletin)
• Virginia Must Balance Pay, Pensions (editorial - Daily Progress)
• Dark Days Seen for Multiemployer Pension Plans (Jerry Geisel / Business Insurance)
• Are You in the American Middle Class? Find Out With This Income Calculator (Richard Fry & Rakesh Kochhar / Pew Reasearch)

July 12, 2016

• Another Tough Year for CalPERS as the Retirement Fund Loses Billions (Teri Sforza / Orange County Register)
• LA's Billion Dollar Homeless Bond: No Plan, No Outreach, No Oversight and … a 'NO' Vote (Jack Humphreville / CityWatch LA)
• Chicago’s Total Debt More Than Triples to Over $24 Billion in 2015 (Ted Dabrowski & John Klingner / Illinois Policy)
• Former Tualatin Police Chief Takes Both Oregon Pension and Salary; and It's Legal (Rebecca Woolington | the Oregonian)
• Pay, Not Pension Reform, May Be First Priority for Virginia's State Workforce (Michael Martz / Richmond Times-Dispatch)

July 11, 2016

• Sonoma County Pension Report Is a Must-Read (editorial - The Press Democrat)
• Introduction to the Report of the Independent Citizens Advisory Committee on Pension Matters (County of Sonoma)
• DOWNLOAD: FULL REPORT of the Independent Citizens Advisory Committee on Pension Matters (pdf - County of Sonoma)
• EDITORIAL CARTOON: California's Retired Public Employees' Sunset Years (Tom Meyer / Press Democrat)
• Apathetic Workers in State and Local Government Are Costing Taxpayers Billions (Eric Pianin / The Fiscal Times)
• Number of Illinois State Employees With Six-Figure Salaries Drops Slightly in 2015 (Doug Finke / State Journal-Register)
• Court Decision Looms on Chicago OPEBs (Yvette Shields / The Bond Buyer)
• Chicago on the Hook for $24 Billion Net, Triple a Year Ago (column - Greg Hinz / Crain's Chicago Busines)$$
• Chicago Public Schools' $200 Million in State Pension Help Is on Shaky Ground (Morning Spin / Chicago Tribune)
• Chicago and Cook County Update: Tax Bills Are Coming (blog - Mary Pat Campbell / STUMP)
• CHART: Unfunded Liabilities for Chicago's Public Pension 1999-2014 (blog - STUMP)
• Group Wants Judge to Force Release of Nevada Pension Data (Nevada Appeal)
• After Nevada’s Public Pension Fund Intentionally Evades Transparency Law, Nevada Institute Takes Legal Action (press release)
• Bribe-Taking Former New York Supreme Court Justice Will Get Annual $120,000 Pension (Matthew Spina / Buffalo News)
• At Roundtable, Competing Visions of How to Fix New Jersey's Public-Pension System (John Reitmeyer / NJ Spotlight)
• Double-Pension Recipients Face $2 Million Bill if They Lose Case (Terrie Morgan-Besecker / Scranton Times-Tribune)
• Public Pensions Are a Pox on Pennsylvania's Taxpayers (letter - TribLive)
• Massachusetts Retirement Board Looking to Merge Turnpike Pension Fund Into State System (Matt Stout / Boston Herald)
• Brexit Adds to Pension Funds’ Pain (Timothy W. Martin, Vipal Monga & Heather Gillers / Wall Street Journal)
• Who Gives Up What (blog - John Bury / Burypensions)
• The Future of the Central States Pension Fund: A Taxpayer Bailout? (Charles P. Stevens / National Law Review)
• We Are Closer to Saving Miners' Health, Pension Benefits (op-ed - Sen. Joe Manchin / Gazette-Mail)
• A Billion-Dollar Pension Liability: Guam's Children Will Grow Up With 'A Lot of Debt' (Gaynor Dumat-ol Daleno / Pacific Daily News)

July 10, 2016

• WEEKEND SPOTLIGHT: After Nevada’s Public Pension Fund Intentionally Evades Transparency Law, Nevada Institute Takes Legal Action (press release)

July 9, 2016

• WEEKEND SPOTLIGHT: Apathetic Workers in State and Local Government Are Costing Taxpayers Billions (Eric Pianin / The Fiscal Times)

July 8, 2016

• Milpitas, California City Employees Paid More Than Any Other California Bay Area City in 2015, Group Reports (Aliyah Mohammed / Milpitas Post)
• How San Diego and San Jose Fared After Pension Measures (The Bond Buyer)$$
• University of California/Berkeley 'Income Inequality’ Experts Earn More Than $300,000 a Year (Michael McGrady / The College Fix)
• Is the University of Massachusetts System Making Decisions With Bay Staters in Mind? (Greg Sullivan & Jim Stergios / Lowell Sun)
• Pennsylvania Budget Raises Pension Issue for Rep. Schemel (Jim Hook / Public Opinion)

July 7, 2016

• Most of Rhode Island's Local Public Employee Pension Plans Are Floundering (Eli Sherman / Providence Business Journal)
• The Marin County Pension Reform Lawsuit's GoFundMe Total Approaches $25,000: Unlawful Pension Increases Are Draining Billions From California
• Midyear Update on the 80% Pension Funding Myth (blog - Mary Pat Campbell / STUMP)
• Why Longer Life Spans May Spell Bad News for Public Pensions (Marie Wilson / Daily Herald)
• Cook County Property Tax Bills Cause Outrage; Another Increase for Teacher Pensions Coming a Year from Now (Charles Thomas / ABC Chicago)
• Chicago's Mayor Emanuel Defends Record Property Tax Hike as Bills Hit Mailboxes for Police and Fire Pensions (Fran Spielman / Chicago Sun-Times)
• Illinois' Underperforming State Pension Fund Leaves Local Governments With the Tab (Cole Lauterbach / Illinois News Network)
• Allentown Teachers Union Head Paid $1.3 Million to Not Teach, Lawsuit Claims (Sara K. Satullo / Lehigh Valley Live)
• Allentown Union Prez Caught in Legal Battle Loses Teacher Pension Credits (Sara K. Satullo / Lehigh Valley Live)
• Retired Teamsters Gain Federal Investigation of Central States Pension Fund (Mark Davis / Kansas City Star)
• Corporate Pension Funding Ratios Plunge in June to Lowest Reading in 2016 (Meaghan Kilroy / Pensions & Investments)

July 6, 2016

• Who Funds California's Public Pension Systems? (Lauryn Schroeder / San Diego Union-Tribune)
• How Public Officials Can Reduce the Burden of Unionized Firefighters (Will Swaim / UnionWatch)
• Los Angeles Unified School District Has Most to Gain From Upcoming Income Tax Extension Initiative (Michael Janofsky / EdSource)
• Pensions for NYPD Cops Involved in Corruption Probe Sparks Outrage Among Minority Police Officers (Thomas Tracy / New York Daily News)
• Mayor Emanuel's Property Tax Rebates? Costly Gimmick. Thanks, But No Thanks. (editorial - Chicago Tribune)
• The Worsening Pension Problem Nobody Talks About (Charles Blahous / Economics21)
• How to Revive Company Pension Plans (op-ed - Julio A. Portalatin / Wall Street Journal)
• Poland Announces Big Shakeup in Pension System (Marcin Goclowski & Jakub Iglewski / Reuters)
• Europe's Generation Gap: How Pensioners Are Threatening the Continent's Future (Edoardo Campanella / Foreign Affairs)
• PENSION PULSE: Summer Crash of 2016? (blog - Leo Kolivakis)

July 5, 2016

• Are State and Local Government Pensions Underfunded by $5 Trillion? (Andrew Biggs / Forbes)
• How Sacramento’s Transit Chief Landed a Pension That Exceeds Federal Limits (Tony Bizjak / Sacramento Bee)
• California's Public Employee Pensions Are an Enormous Problem (op-ed - Kerry Jackson / Orange County Register)
• California Pensions Take Above-Average Tax Bite (blog - Ed Mendel / Calpensions)
• Tackling the Public Pensions Problem (Wayne Winegarden / EfficientGov)
• REPORT: 'California’s Pension Crowd-Out' (pdf - Wayne Winegarden / Pacific Research Institute)
• Los Angeles Mayor Garcetti Flunks the Budget Test (Jack Humphreville / CityWatch LA)
• Oroville Council May Approve Final Budget With $1 Million Deficit; Pension Costs Among the Causes (Risa Johnson / Oroville Mercury Register)
• Metro NYPD Corruption Scandal Cops Will Keep Pensions (Philip Messing / New York Post)
• NYC Patrolmen’s Benevolent Association Boss's Pension Game (editorial - New York Post)
• Boston Firefighter Charged With Corruption Avoids Conviction, Keeps Pension (Ryan Kath / CBS Boston)
• Joplin School Staff Concerned About Reduced Work Hours, Lost Pensions (Emily Younker / Joplin Globe)
• Police and Fire Unions Plan to Fight Memphis's New Pension Plan (Mike Matthews / Local Memphis)
• Get West Virginia Public Employees Health Costs Under Control (editorial - The Intelligencer)
• Federal Appeals Court Says Fort Worth Pension Changes Didn’t Violate Texas Constitution (Sandra Baker / Star-Telegram)
• We Need to Get Rid of Pennsylania's Unjust Pensions, Perks and Vote Out Career Politicians (letter - PennLive)
• A Second Union Pension Plan Could Be Only 10 Months Away From Collapse (blog - John Bury / Burypensions)
• States Aim to Fill Pension Gaps With 'Automatic IRAs' for Small Businesses (Rosalyn Retkwa / CBS MoneyWatch)
• GAO to Probe Financially Struggling Central States Pension Fund (Clarissa Hawes / Trucks.com)
• Pittsburgh-Based Paint Company Transfers $1.6 Billion in Pension Obligations to Insurance Companies (column - Len Boselovic / Pittsburgh Post-Gazette)
• Brexit Shines a Light on Pensions Timebomb (Tracey Boles / City A.M.)
• As Switzerland Ages, the Pension System Gets Stretched (Daniele Mariani & Duc-Quang Nguyen / SwissInfo)

July 3, 2016

• Would the Founding Fathers Consider the United States a Success If They Were to Come Back Today? (read the poll results - Rasmussen Reports)
• 240 Years After the Declaration, Are We More Free Than Ever? (podcast - Eric Boehm / Watchdog.org)
• Visit the Marin County Lawsuit's GoFundMe Page: Unlawfully Granted Pension Increases Are Draining Billions From California's Economy Every Year

July 2, 2016

• We'll Be Back on Tuesday . . . Have a Great Fourth of July Holiday Weekend!
• The Real Meaning of the Fourth of July (Jacob G. Hornberger / The Future of Freedom Foundation)
• The Declaration of Independence: A Transcription

July 1, 2016

• California Justices Reject Former Vallejo City Manager's Pension-Spiking Scheme (column - Daniel Borenstein / East Bay Times)
• A Tale of Two California Pension Funds -- First in a Series (David Crane / Medium)
• San Bernardino Bouncing Back (editorial - Press-Enterprise)
• Now Let’s See Chicago Teachers Union Share in the Pain (editorial - Chicago Sun-Times)
• Christie Gaseous – New Jersey Taxpayers Nauseous (blog - John Bury / Burypensions)
• Detroit Retirees Pack 6th Circuit in Bankruptcy Appeals (Diane Bukowski / Voice of Detroit)
• Divestment Never Supported by Pension Beneficiaries (op-ed - Guy Page / Caledonian Record)
• Celebrate the Fourth of July With a Few Important Facts About This Great Nation (column - Lewis Diuguid / Kansas City Star)
• PENSION PULSE: Hedge Funds' Brexit Pain? (blog - Leo Kolivakis)

June 30, 2016

• No California Budget Cuts? There May Be a Reason (Joel Fox / Fox & Hounds)
• Lake Forest, California Adopts 2016-17 Operating Budget; Has No Unfunded Pension Liability (Nathan Percy / Orange County Register)
• Congress Gives Puerto Rico a Path Forward as Debt Default Nears (Billy House, Michelle Kaske, Steven T. Dennis / Bloomberg)
• Puerto Rico Says It Will Default Even With Congressional Aid (Michelle Kaske / Bloomberg)
• Puerto Rico Debt Bill Lands on Obama’s Desk (Juliegrace Brufke / The Daily Caller)
• Illinois' Governor, Lawmakers Piecing Together Education Funding, Allowing for Tax Hike (Monique Garcia, Kim Geiger, Juan Perez Jr / Chicago Tribune)
• PENSION PULSE: Teachers Wage War on Hedge Funds? (blog - Leo Kolivakis)

Categorized News | Full News Archives