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Welcome

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

Latest Newsclips     last updated July 28 3:11am PST

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

July 28, 2014

• California's Public Employees Need to Know the Truth About Their Pensions (op-ed - David Brown / Marin Independent Journal)
• Pension Costs Are Draining California School Budgets (op-ed - Chuck Reed / U-T San Diego)
• Making Good on Pension Promises to California's Public Employees (editorial - Lompoc Record)
• Detroit-Style Pension Cuts: Could It Happen Here in Calfornia? (blog - Ed Mendel / Calpensions)
• TO RECEIVE A DAILY HEADLINE SUMMARY EACH WEEKDAY IN YOUR EMAIL, CLICK HERE
• At Some Point, California Must Stop Mortgaging Its Future to Pay for Public Employees’ Pensions (op-ed - Victor Nava / Orange County Register)
• California Teacher Pay Averages $84,489; Data Missing for Los Angeles Unified School District (Thomas Himes / Contra Costa Times)
• Data Now Available on Teacher Pay, But Not for Los Angeles Unified School District (blog - LA School Report)
• A Follow-Up on the University of California's Pension Borrowing (blog - Mary Pat Campbell / STUMP)
• Idaho Needs $3.5 Billion to Meet Public Employee Pension Promises (Dustin Hurst / IdahoReporter.com)
• Q&A and the Truth on New Jersey Pensions (blog - John Bury / Burypensions)
• How 'Sacred' Is New Jersey Gov. Christie's Trust? (blog - John Bury / Burypensions)
• Providence Journal Loses Bid for Hedge Fund Records Related to State Pension System (Katherine Gregg / Providence Journal)
• Rhode Island Denies Newspaper Access to Records of Hedge Fund Investments by Pension System (blog - Ted Ballantine / Pension360)
• Getting Over Hedge Funds (Barry Ritholtz / Bloomberg)
• PENSION PULSE: Is Israel Losing a War It's Winning? (blog - Leo Kolivakis)
• SEARCHABLE DATABASES of California Public Employees' Pay and Pensions (TransparentCalifornia.com)
• UNSUSTAINABLE: New York City Now Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (op-ed - Nicole Gelinas / New York Post)

July 25, 2014

• Despite Conviction, Richard Alarcón Keeps $116,000 a Year From Los Angeles City Pension (Dakota Smith / Los Angeles Daily News)
• New Database Details Pay of California Public School Employees; More Than 1000 Teachers Are Double Dipping (Stephen Ceasar / Los Angeles Times)
• Providence Pension Lawsuit Looming, Trial This Fall (Tim White / WPRI-TV)
• Across New York State, Underfunded Public Employee Pensions Are Clouding the Future (Steven Malanga / City Journal)
• PENSION PULSE: Will Higher or Lower Rates Hurt Pensions? (blog - Leo Kolivakis)

July 24, 2014

• New Data From the California Policy Center Shows Double-Dipping Among Educators Statewide (Sacramento News 10 / KXTV-TV)
• New Actuary Tables May Be 'Nail in the Coffin' for Defined-Benefit Pension Plans (Meaghan Kilroy / Pensions & Investments)
• Two Tales of a City – How Detroit Transcended Ideology to Reform Pensions (Ed Ring / UnionWatch)
• Needed: An Independent Analysis of Detroit’s Leadership Capacity (Steve Eide / Public Sector Inc.)
• Los Angeles Is Killing Itself (Rob Montz / Reason Magazine)
• Pension Obligation Bonds: A Secret Weapon for Pension Plans? (Alicia H. Munnell / Market Watch)
• PENSION PULSE: Banks Aid Hedge Funds Avoid Taxes? (blog - Leo Kolivakis)

July 23, 2014

• Pension Funds Are Reporting Record Levels of Capital, Yet Public Pension Costs Keep Growing. Why? (David Crane / Fox & Hounds)
• California Taxpayers Shouldn't Be on Hook for Pension Fund Stumbles (editorial - Orange County Register)$$
• Marin County Parcel Tax Would Pay for New Police-Fire Radio System; Pension Critics Slam PR Costs, Funding Plan (Nels Johnson / Independent Journal)
• Deal in Detroit Could Signal Cuts to Public Employee Pensions Elsewhere (Alan Greenblatt / NPR)
• Pennsylvania Receives Third Consecutive Credit Downgrade, and Its Pension System Is the Culprit (blog - Ted Ballantine / Pension360)
• Monkeying With New Jersey Pension Math (blog - John Bury / Burypensions)
• PENSION PULSE: Co-investments Entering Hedge Fund Arena? (blog - Leo Kolivakis)

July 22, 2014

• Needed for Los Angeles: A 'Commission for Retirement Security' and 'Pensions for Dummies' (Jack Humphreville / CityWatch LA)
• University of California System Borrows Money Long-Term to Cover Operational Expenses (blog - Mary Pat Campbell / STUMP)
• 2 College of the Sequoias Instructors Fight Back Over CalSTRS Pension Slash (Marc Benjamin / Fresno Bee)
• Back to School for CalPERS Board, Says Governor Brown (Kip McDaniel / aiCIO)
• Detroit Pensioners Back Grand Bargain in Bankruptcy Vote, Creditors Object (Nathan Bomey and Matt Helms / Detroit Free Press)
• Rating State Pension Benefits (blog - John Bury / Burypensions)
• Pennsylvania Teachers' Union Has 'Declared War' on Taxpayers, Claims State Senator (John L. Micek / Patriot News)
• Will the Massachusetts Bay Transportation Authority's Pension Fund Ever Come Clean? (Iliya Atanasov / Public Sector Inc.)
• Congress Has a Plan to Fund the Bankrupt Highway Trust Fund, and It May Be Bad News for Corporate Pensions (Ted Ballantine / Pension360)
• PENSION PULSE: PSP Investments Gains 16.3% in FY 2014 (blog - Leo Kolivakis)

July 21, 2014

• University of California Borrows $2.7 Billion to Fund Pension Debt (blog - Ed Mendel / Calpensions)
• Central Contra Costa Sanitary District Workers Collecting More in Retirement Than on the Job (column - Daniel Borenstein / Contra Costa Times)
• The AVERAGE Public Employee Pension in Orange County, California Is 88% of Final Salary (Robert Fellner / UnionWatch)
• A Complete List of the 12,237 Retired Orange County Public Employees Receiving Pensions (database - Transparent California)
• Voting Results on Pension Cuts by Detroit's City Employees and Retirees Expected Today (CBS Detroit)
• Mississippi Pension Fund Heads for Final 'Jeopardy’ (Steve Wilson / Mississippi Watchdog)
• Nevada State and Local Government Workers Are Retiring Later (Sean Whaley / Las Vegas Review-Journal)
• Contract Talks Between Washington's Governor and Public Employee Unions Shouldn't Be Conducted in Secret (editorial - The Columbian)
• Ohio Public Employees Retirement System Should Drop Fund for Highly Paid Retirees (letter - Columbus Dispatch)
• Providence RI vs. Stockton CA in Municipal Bankruptcy Cage Match (blog - Michael Riley / Rhode Island Shrugged)
• Pensions Are Frying in New Jersey, Too (blog - John Bury / Burypensions)
• Several Lawmakers in Illinois Are Opting Out of Their Pensions (blog - Ted Ballantine/ Pension360)
• Has S&P Been Exaggerating Local Governments' Stability? (Liz Farmer / Governing)
• Congress’ Pension Smoothing Fails to Impress (column - Len Boselovic / Pittsburgh Post-Gazette)
• PENSION PULSE: On the Brink of Another World War? (blog - Leo Kolivakis)

July 18, 2014

• Time for California's Elected Officials to Admit Guaranteed Pensions Are Unsustainable (op-ed - Rich Ulery / The Union)
• Guilty Plea of CalPERS Boss Highlights the Hypocrisy of State Pension Complex (op-ed - Ira Stoll / New York Sun)
• California Cities Are Lining Up to Divest From Fossil Fuels, But CalPERS Isn’t Following (blog - Ted Ballantine / Pension360)
• Fixing Public Pensions: The First Step in Detroit's Long Road to Recovery (Bob Williams / Huffington Post)
• Fake Corporate Pensions -- They’re Lying to Us (John Rubino / Market Oracle)
• PENSION PULSE: CalSTRS Takes CPPIB to School? (blog - Leo Kolivakis)

July 17, 2014

• Stockton City Manager Discounts Moody's Report (Roger Phillips / Stockton Record)
• CalPERS Remains in a Deep Hole Despite Big Investment Return (op-ed - San Mateo Daily Journal)
• Divesting Means CalPERS Loses a Seat at the Table (op-ed - Anne Simpson / Sacramento Bee)
• Top University of California Coaches Earn Twice as Much Money as Top UC Brain Surgeons (Phillip Reese / Sacramento Bee)
• Is Amending the Constitution a Viable Option for Pension Reform in Illinois? (blog -Ted Ballantine / Pension360)
• But New Jersey Is a Disaster (blog - John Bury / Burypensions)
• New Jersey Pensions' Appeal Getting More Selective.... (blog - Mary Pat Campbell / STUMP)
• Breaking (Though Not Unexpected) News From New Jersey (blog - John Bury / Burypensions)
• Phoenix's Pension Reform Will Stay Intact During Lawsuit (Caitlin McGlade / The Arizona Republic)
• Arizona Pension Fund Grants Another Raise Amid Scrutiny (Craig Harris / the Arizona Republic)
• Pension Committee Looks for Middle-Way on Rising Retirement Costs for Washington's State and Local Government Employees (Brad Shannon / The Olympian)
• Dear Pennsylvania State Politicians: This Is Why Nobody Likes You (Josh Kruger / Philadelphia Weekly)
• PENSION PULSE: Tricky Gimmick Funding U.S. Highways? (blog - Leo Kolivakis)S Highways? (blog - Leo Kolivakis)

July 16, 2014

• Pacific Grove City Council to Yank Pension Reform Initiative From the November Ballot (Larry Parsons / Monterey County Herald)
• CalPERS and CalSTRS Rake in Big Investment Returns, But Much Work Is Left to Be Done (Ted Ballantine / Pension360)
• A Bit of Relief for California's Public Pension Funds (editorial - San Francisco Chronicle)
• Moody's Weighs Possible Pension Outcomes in Stockton, California's Bankruptcy (Tonya Chin / Pensions & Investments)$$
• The CalPERS Public Pension Scandal: The State-Pension-Industrial Complex Corrupts Politics on Multiple Levels (Ira Stoll / Reason)
• Cash, Casino Chips, and CalPERS: Confessions of a Former CEO (Elizabeth Pfeuti / aiCIO)
• Gov. Christie Poses as Action Hero in New Jersey Pension Reform Video (Mark Lagerkvist / New Jersey Watchdog)
• State Treasurer Candidate Says Back to Drawing Board on Illinois Pension Reform (Rick Pearson / Chicago Tribune)
• Amending the Illinois Constitution a Tough Path for Pension Reform (Paul Merrion / Crain's Chicago Business)
• When Did Benefits Become a Burden? (Trent A. Grinkmeyer, Jamie Kertis and Valerie R. Leonard / PlanSponsor)
• The Hard Numbers on Social Security (op-ed - William A. Galston - Wall Street Journal)$$
• PENSION PULSE: Japan's Private Pensions Eying More Risk? (blog - Leo Kolivakis)

July 15, 2014

• CalPERS Remains in a Deep Hole Despite Big Investment Return (editorial - Sacramento Bee)
• CalPERS Reports 18.4% Profit on Investments for Past Fiscal Year (Dale Kasler / Sacramento Bee)
• San Joaqin County Pension Liability Rises to $1.2 Billion (Zachary K. Johnson / Stockton Record)
• Berkeley Will Have to Reduce Spending to Remain Financially Sustainable Due to Unfunded Pensions (Madeleine Pauker / The Daily Californian)
• EDITORIAL CARTOON: CalPERS and the Stockton Bankruptcy (Monte Wolverton / Los Angeles Daily News)
• Stockton Bankruptcy: CalPERS Pensions May Be on Chopping Block (blog - Oregon Catalyst)
• Fledgling Suburb Bankrolled by CalPERS Recovers Along With Real Estate Market (Dale Kasler / Sacramento Bee)
• Los Angeles Police Department’s Labor Contract and the Unacceptable Lack of Transparency (Jack Humphreville / CityWatch LA)
• San Diego Police Department Facing Exodus of Experience (Pauline Repard / U-T- San Diego)
• Why Progressives Shouldn’t Support Public Workers Unions (Dmitri Mehlhorn / The Daily Beast)
• This Road Work Made Possible by Underfunding Pensions (Josh Barro / New York Times)
• The Long Island Railroad Strike Threat Shows Remarkable Gumption on the Part of the Unions (Daniel DiSalvo / Public Sector Inc.)
• An Under-The-Rader Bill in Illinois Would Set Up Another State-Run Retirement Plan (blog - Ted Ballantine / Pension360)
• Real, Reasonable Pension Reform for Illinois: 401(k)-Style Plans for New State Workers (John Klingner / Illinois Policy Institute)
• Think the Veterans' Administration Is Arrogant? Check Out Arizona's Public Pension System (editorial - The Arizona Republic)
• PENSION PULSE: Bribing Pension Fund Managers? (blog - Leo Kolivakis)

July 14, 2014

• Stockton Bankruptcy Case May Hit Public Employee Pension Status (column - Dan Walters / Fresno Bee)
• Contra Costa County's Retirement Board Ends Another Pension Spiking Gambit (column - Daniel Borenstein / Contra Costa Times)
• Marin County Radio Campaign Deserves Public Static (editorial - Marin Independent Journal)
• Ontario-Montclair Schools Superintendent Who Makes $261,206 Gets 5% Raise (David Allen / Inland Valley Daily Bulletin)
• Secret Sheriff Union Negotiations Endanger Orange County’s Financial Future (commentary - Mark Bucher / Flash Report)
• Former CalPERS CEO Pleads Guilty, Admits to Taking Bribes (Marc Lifsher / Los Angeles Times)
• Will Anything New Emerge in CalPERS Scandal? (blog - Ed Mendel / Calpensions)
• Ex-CalPERS Chief Admits Receiving $200,000 in Bribes in Paper Bag, Shoebox (Dale Kasler / Sacramento Bee)
• Ex-CalPERS CEO Pleads Guilty to Fees Bribery Conspiracy (Robert Burnson and Karen Gullo / Bloomberg)
• CalPERS Former CEO Admits to Fraud and Bags of Cash (Chriss Street / Breitbart)
• Ex-Superintendent Owes California School District Up to $256K in Over-Payments, According to Audit (Rob Kuznia / Contra Costa Times)
• Last Votes Cast Over Plan to Lift Detroit From Bankruptcy (Monica Davey and Steven Yaccino / New York Times)
• Retirees Appear to OK Detroit Bankruptcy Deal (Nathan Bomey and Matt Helms / USA Today)
• The Politics Behind Pennsylvania’s Pension Wrangling (blog - Ted Ballantine / Pension360)
• Phoenix Lump Sum Payments for Vacation, Sick Time to Police and Firefighters Totals $2 Million (Jonathan Lowe / KPHO-TV)
• New Report Says New Mexico Has Worst Public Pension Situation in Nation (blog - Paul Gessing / Rio Grande Foundation)
• Houston May Sue Actuarial Firm Over Inaccurate 2001 Pension Funding Estimates (Mike Morris / Houston Chronicle)$$
• PBGC Director Josh Gotbaum Resigns (Rebecca Moore / PlanSponsor)
• Quebec Cannot Afford Its Public Sector Pension Plans (op-ed - Bill Tufts / Global Mail)
• PENSION PULSE: Prepare for Another Stock Market Crash? (blog - Leo Kolivakis)

July 11, 2014

• Why the State and Local Pension Problem Will Get Worse (Steven Malanga / City Journal)
• Stockton May End Up Reducing Pension Payments to Retirees to Ease Bankruptcy Burden (Tim Lantz / KFBK Radio News)
• Arbitrator Rules Sacramento Police Must Pay Part of Their Pensions (Ryan Lillis / Sacramento Bee)
• Pension Reform Comes at a Price (editorial - Sacramento Bee)
• San Jose Mayor Chuck Reed Updates His California Pension Reform Effort, Stockton Bankruptcy Case (column - Jon Ortiz / Sacramento Bee)
• Tiny Southern California School District Fires Grossly Overcompensated Superintendent (Ken Broder / AllGov)
• Brace Yourselves for a Tidal Wave of Taxes After Illinois Supreme Court’s Decision on Pensions (blog - John Giokaris / Illinois Mirror)
• EDITORIAL CARTOON: Illinois Court Ruling on Pension Reform (Eric Allie / Illinois Mirror)
• Illinois Democrats Push a New Law Establishing Another State-Run Retirement System, Where’s the Media? (blog - John Giokaris / Illinois Mirror)
• Congress Looks at Loosening Corporate Pension Funding Rules to Bolster Highway Trust Fund (Janet Weinstein / Aljazeera America
• PENSION PULSE: When Interest Rates Rise? (blog - Leo Kolivakis)

July 10, 2014

• Judge Suggests Stockton's Public Employee Pensions Could Be Reduced in City’s Bankruptcy Case (Dale Kasler / Modesto Bee)
• House GOP Floats Its Own Pension Gimmick (Steve Malanga / Public Sector Inc.)
• Long Beach, California Has a Budget Surplus, But Higher Pension Costs Loom (Eric Bradley / Press-Telegram)
• South Bay Schools Chief Faces Firing, Repayment of Money (Howard Blume / Los Angeles Times)
• How the High Costs of Public-Sector Pensions Affect States’ Economic Growth (column - Iain Murray / National Review)
• Understanding Public Pension Debt (column - Robert Sarvis / Competitive Enterprise Institute)
• DOWNLOAD THE STUDY: 'Understanding Public Pension Debt: A State-By-State Comparison' (pdf - Competitive Enterprise Institute)
• Illinois Pension Plan Ruling; It's Back to the Drawing Board (op-ed - Rich Miller / Journal Pilot)
• Pension Reform or Not, Disaster Ahead for Illinois (op-ed - Eden Martin / Chicago Sun-Times)
• Another Major City in Michigan on the Verge of Bankruptcy (Ming Mui / Financial Buzz)
• Campaign Atmosphere Amid Detroit Vote on Debt Plan (Monica Davey and Steven Yaccino / New York Times)
• Detroit Politicians Get a Pay Raise, From the State's Emergency Manager (blog - Ed Krayewski / Reason Magazine)
• Alaska Prepares, Municipalities Brace for $3 Billion Contribution to State's Pension Fund (Ted Ballantine / Pension360)
• Who’s Double-Crossing Whom in New Jersey? (blog - John Bury / Burypensions)
• The SEC Is Investigating Providence, Rhode Island's Pension Fund (op-ed - Michael G. Riley / GoLocalProv)
• PENSION PULSE: 2014’s Hedge Fund Winners and Losers? (blog - Leo Kolivakis)

July 9, 2014

• CalPERS 'Victory' a Warning to Uppity Cities: San Bernardino's Deal Means Pensions Off Bankruptcy Table (column - Steven Greenhut / U-T San Diego)
• California's Policy Failures Are Due to the Public Employee Unions Who Control the Machinery of Government (Ed Ring / California Policy Center)
• Stockton Bankruptcy Judge May Rule Pensions Can Be Cut (blog - Ed Mendel / Calpensions)
• PENSION PULSE: All Eyes on Stockton, California? (blog - Leo Kolivakis)
• Pension, Pay Hikes Prove Costly for Los Angeles Unified School District (Thomas Himes / Los Angeles Daily News)
• After Detroit, Another Michigan City Ponders Bankruptcy (Jeff Karoub / Associated Press)
• Detroit Police Union Agrees to Tentative Deal in Bankruptcy Breakthrough (Nathan Bomey and Joe Guillen / Detroit Free Press)

July 8, 2014

• CalPERS and Franklin Investments Clash on Stockton Pension Issue (Dan Fitzpatrick / Wall Street Journal)
• University of California Aims to Limit $10 Billion Unfunded Pension Liability (Angel Grace Jennings / The Daily Californian)
• Northern California's East Bay Braces for Public Employee Exodus Before New Pension-Spiking Ban Takes Effect (Matt O'Brien / Mercury News)
• Outgoing Mayor of Long Beach, California Leaves City Stronger, Weathers Fiscal Storm, But Pension Costs Continue to Rise (editorial - Press-Telegram)
• Bloomfield Hills, Michigan to Consider Issuing Bonds to Retire Outstanding Pension Obligations (Lisa Brody / Downtown)
• Pension Obligation Bonds Tend to Be Issued by Governments With High Debt Levels (Nick Thornton / BenefitsPro)
• Detroit 'Grand Bargain’ Bankruptcy Vote to Happen This Week (editorial - Inquisitr)
• Pension Problems Looming for Shreveport, Louisiana (Vickie Welborn / Shreveport Times)
• Not a Scandal in New Jersey (blog - John Bury / Burypensions)
• Bankruptcy Isn't an Option, But New Jersey Can Default (Andrew George / NJBiz)
• Pennsylvania Governor Refuses to Sign State Budget Without Pension Cuts (James Comtois / Pensions & Investments)
• Wall Street Waits While Statehood Debate Handcuffs Puerto Rico Decision Makers (Maryellen Tighe and Ellie Ismailidou / Forbes)
• Phoenix Council Betrays Voters, Dishonor Themselves by Adopting Misleading Pension Measure Description (column - Robert Robb / The Arizona Republic)
• Arizona Public Safety Pension Fund Gives Raise, Bonus to Executive Who Made Sexual Remarks (Craig Harris / The Arizona Republic)
• GASB Offers Webinars on Fair Value Measurement Proposal (Kevin McGuinness / PlanSponsor)
• PBGC: Single and Multiemployer Pension Plan Deficits Moving in Opposite Directions (Hazel Bradford / Pensions & Investments)
• PENSION PULSE: The Return of Subprime Debt? (blog - Leo Kolivakis)

July 7, 2014

• Orange County Cities Have $3.3 Billion in Unfunded Pension Liabilities, Says Grand Jury (Teri Sforza / Orange County Register)
• READ THE REPORT: 'Orange County City Pension Liabilities: Budget Transparency Critically Needed' (pdf - Orange County Grand Jury)
• Gov. Brown's California Pension Reform Still Has Missing Pieces (blog - Ed Mendel / Calpensions)
• A Million-Dollar Pensioner Highlights the Role That Payouts Play in California’s Fiscal Mess (op-ed- Mark Bucher / Los Angeles Daily News)
• Legal Questions Abound on Public Pension Payoffs in California (op-ed - John Flowers / Desert Sun)
• Orange County Sheriff's Deputies Back Proposal: Pay Hike, Higher Pension Payments (Norberto Santana Jr. / Orange County Register)
• New California Budget Carries Serious Risks (column - Tom Campbell / Orange County Register)
• The Last Half-Decade of California’s Pension Contributions, Visualized (blog - Ted Ballantine / Pension360)
• Illinois Supreme Court Throws Wet Rag on Pension Plan (Mark Brown / Chicago Sun-Times)
• A Staggering Pension Decision Takes Illinois to the Brink (Mark Glennon / WirePoints)
• Pension Chaos Hits Chicago and Illinois Budgets (blog - Greg Hinz / Crain's Chicago Business)
• Law v. Reality: Pension Reforms Tried on Various Levels in Illinois Are Dead (blog - Mary Pat Campbell / STUMP)
• Saving Illinois: How the Pols Who Caused This Crisis Can Save Illinois From Ruin (editorial - Chicago Tribune)
• Time for Illinois Pension Reform 2.0 (editorial - Chicago Sun-Times)
• Illinois Supreme Court Rules Cop Can Keep Pension Despite Conviction for Lying About Torture of Police Suspects (Steve Schmadeke / Chicago Tribune)
• Is There Justice in Leaving Illinois Judges' Pensions Unscathed? (Amanda Vinicky / WUIS Radio)
• Discussion on the Book 'Fixing Illinois' (video with transcript - C-SPAN)
• No Simple Solutions to New Jersey's Pension Mess (blog - John Bury / Burypensions)
• Washington's Next Big Bailout: Politicians and Unions Refuse to Fix Multi-Employer Pension Plans (editorial - Wall Street Journal)$$
• Public Sector Employees Are More Confident About Retirement Than Those in the Private Sector (Rebecca Moore / PlanSponsor)
• 'Jersey Boys' and Working at 80 (blog - Susan Mangiero / Pension Risk Matters)
• PENSION PULSE: Private Equity's Trillion Dollar Hole? (blog - Leo Kolivakis)

July 4, 2014

• A SPECIAL FOURTH OF JULY COMMENTARY: Opposites for Independence (Paul Jacob / Common Sense)

July 3, 2014

• Like It or Not, Ventura County Pension Reform Proposal Deserves Place on Ballot (editorial - Thousand Oaks Acorn)
• Finally, Illegal Public Employee Pension Spiking Set to End Next Week in Northern California Counties (editorial - Contra Costa Times)
• Phoenix, Arizona Says Goodbye to Pension Spiking After 25 Years (blog - Ted Ballantine / Pension360)
• Thumbs Down on California Bill That Would Relieve Seven Judges From Pension Reform Rules (editorial - Press Democrat)
• California State Employee Double-Dipping Is Focus of Audit (Central Valley Business Times)
• 'Transparent California' Website Releases 2013 Payroll and Pension Data for State and Local Governments (Mark Bucher / UnionWatch)
• 18,709 Veterans Administration Employees Make $180,000 or More (Ali Meyer / CNS News)
• Illinois Supreme Court Says State Can't Cut Subsidies for Retirees' Health Care Premiums (Monique Garcia / Chicago Tribune)
• More Municipal Bankruptcies Loom: Will Foundations Step Up for the Next Detroit? (Rick Cohen / NPQ)
• Gov. Christie Vetoes Full Pension Payment in New Jersey State Budget (Robert Steyer / Pensions & Investments)
• Miscellany Concerning the Impending Implosion of the New Jersey Pension System (blog - John Bury / Burypensions)
• Puerto Rico’s Whirling Inferno of News (blog - Cate Long / Reuters)
• PENSION PULSE: Betting on the U.S. Real Estate Recovery? (blog - Leo Kolivakis)

July 2, 2014

• San Jose Ballot Initiative Would Water Down Pension Reform Measure B -- Is It Enough? (Mike Rosenberg / Mercury News)
• Public Employee Unions' Grip on California’s Government Still Stronger Than Ever (Ed Ring / UnionWatch)
• A Former CalPERS CEO Is Finally Pleading Guilty to Conspiracy Charges, So Let’s Take Stock of the Damage He Did (blog - Ted Ballantine / Pension360)
• An Interview With California Pension Reformer John Moorlach (video - PensionTsunami.com)
• PBGC Says Pension Plans for 1.5 Million Private Sector Workers Are at Risk (Tom Raum / Associated Press)
• READ THE REPORT About the PBGC's Dire Financial Condition (Pension Benefit Guaranty Corporation)
• Believing the Liars in New Jersey – Still (blog - John Bury / Burypensions)
• Pennsylvania’s Exploding Teachers’ Pension Crisis (blog - RiShawn Biddle / Dropout Nation)
• PENSION PULSE: Blackstone's New Big Swinging Hedge Fund? (blog - Leo Kolivakis)

July 1, 2014

• Judge Quashes Pension Reform Initiative in Pacific Grove, California (John Moore / UnionWatch)
• PBGC Warns Some Pooled Pension Funds Are Beyond Recovery; Could Cause Collapse of the Federal insurance Program (Mary Williams Walsh / New York Times)
• PBGC Estimates It Could Collapse Within 10 Years (John D. McKinnon / Wall Street Journal)
• PBGC Foresees Increased Risks to Multiemployer Pension Plans (Kevin McGuinness / PlanSponsor)
• Los Angeles Violated Labor Law in Rolling Back Pension Benefits, Report Finds (David Zahniser, Emily Alpert Reyes / Los Angeles Times)
• Former CalPERS CEO Buenrostro Plans to Plead Guilty in Pension Corruption Case, Lawyer Says (Dale Kasler / Sacramento Bee)
• Ex-CalPERS CEO Buenrostro to Plead Guilty, Lawyer Says (Joel Rosenblatt / Bloomberg)
• Former CalPERS Head to Plead Guilty in Pay-To-Play Fraud Case (Benjamin Snyder / Fortune)
• Publication Wins Reporting Award for Story About Retired Ventura County Sheriff Suing for a Supplemental Pension Benefit (Pacific Coast Business Times
• Overtime Costs at Northern California's Bay Area Governments Soar Since Recession (Thomas Peele and Daniel J. Willis / Santa Cruz Sentinel)
• New Jersey Was Always Bad at Making Pension Contributions, But It Was Getting Better. Until Now. (chart - Ted Ballantine / Pension360)
• More Bad News on New Jersey's Public Pension Front (editorial - Asbury Park Press)
• Pension Win for New York City Hits New NYPD, FDNY Members (Pat Bailey / New York Post)
• Cops Sue Phoenix for Curbing Pension Spiking (Caitlin McGlade / Arizona Republic)
• Philadelphia's School District Continues to Go Bust (blog - RiShawn Biddle / Dropout Nation)
• Pennsylvania Bolsters Pension System Amid Deficit Concerns (Gideon Bradshaw / Pittsburgh Tribune-Review)
• With Pennsylvania's Budget Deadline Looming, Pension Reform? What Pension Reform? (John L. Micek / The Patriot News)
• Tennessee Valley Authority Ends Traditional Pension for New Employees, Moves to 401(k) Only Benefits for New Hires (Dave Flessner / Times Free Press)
• Public Pension Plan Assets Hit New High (Nick Thornton / BenefitsPro)
• Australia Tackles Pension Time Bomb (Jason Scott / Business Report)
• PENSION PULSE: A Hedge Fund Love Affair? (blog - Leo Kolivakis)

June 30, 2014

• San Bernardino Surrenders: The Bankrupt City Gives in to California’s Public Pension Giant CalPERS. Now What? (Steven Greenhut / City Journal)
• Can Local Voters Phase Out California's County Pension Plans? (blog - Ed Mendel / Calpensions)
• Teachers' Paychecks Shrink a Bit as California Tackles CalSTRS' Pension Fund Shortfall (Chris Megerian / Los Angeles Times)
• California Passed a New Budget—Here’s What It Means for Pensions (blog - Ted Ballantine / Pension360)
• What's the Deal With Lifetime Medical Coverage for Concord, California's City Council Members? (column - Tom Barnidge / Contra Costa Times)
• Insane Implications of Keeping Two Sets of Books for Pension Funds (Mark Glennon / WirePoints Illinois)
• Two New GASB Accounting Rules Will Affect the Reporting of Pension Liabilities (op-ed - Michael Hicks / South Bend Tribune)
• PENSION PULSE: Will GASB's New Rules Sink U.S. Pensions? (blog - Leo Kolivakis)
• Dallas Police-Fire Pension Fund's Folly Was Big, Risky Bets (Mitchell Schnurman / Dallas Morning News)
• Why Government Pension Funds Became Addicted to Risk (Josh Barro / New York Times)
• The Right Call on Jerry Sandusky's Pennsylvania State Pension (editorial - Centre Daily Times)
• Disability, USA: The Federal Disability Program Has Exploded in Size and Could Run Out of Money (video - Steve Kroft / CBS 60 Minutes)

June 27, 2014

• US Public Pension Funding Gaps to Widen Under New Accounting Rules (Darrell Preston / Bloomberg)
• San Diego Pension Litigation Settlement to Go Before City Council (City News Service / San Diego Newsroom)
• Putting a Number on Restoring COLAs for New Jersey's Retirees (blog - John Bury / Burypensions)
• Pension Funds Are Increasingly Investing in Alternatives—and They Shouldn’t Like What They See (blog - Ted Ballantine / Pension360)
• Longevity Risk 'Hugely Underestimated' Says BofA; Global Pension Liabilities Could Reach $25 Trillion by 2050 (Nick Reeve / Chief Investment Officer
• DATA: Tax-Supported Debt and Adjusted Pensions as a Percentage of Personal Income for Each State (Olu Sonola / Fitch Ratings)
• A More Complete Picture of Corporate Defined Benefit Plan Liabilites (Jill Cornfield / PlanSponsor)
• How PBGC Premium Increases Would Impact Defined Benefit System (Kevin McGuinness / PlanSponsor)
• PENSION PULSE: A Hedge Fund Love Affair? (blog - Leo Kolivakis)

June 26, 2014

• Let’s Stick to the Facts When Assessing Marin County's Pensions (op-ed - Michael Lotito / Marin Independent Journal)
• Napa, California Rejects County Grand Jury's Pension Recommendations (Janelle Wetzstein / Napa Valley Register)
• Moody's Raises California's Bond Credit Rating (blog - Dan Walters / Sacramento Bee)
• Court Rules Cost of Living Increases Are a Contractual Right for Retired New Jersey Public Employees on Pensions (Michael Phillis / The Record)
• New Jersey COLA Decision Released by Court (blog - John Bury / Burypensions)
• Secrecy in Pensions Triggers Legislative Brawl in North Carolina (Darrell Preston, Neil Weinberg and Margaret Newkirk / Bloomberg)
• Pension Dispute Could Send Colorado Springs and State Pension Fund to Trial in October (Jakob Rodgers / The Gazette)
• PENSION PULSE: Detroit's New Hybrid Plan Solution? (blog - Leo Kolivakis)

June 25, 2014

• The Financial Impact of Pension Obligations on Ventura County, California (Ed Ring / UnionWatch)
• Firefighter Pay Shows Why San Bernardino, California Is Bankrupt (Steven Greenhut / Public Sector Inc.)
• Gov. Brown Signs Bill Increasing Funding for CalSTRS (Patrick McGreevy / Los Angeles Times)
• What Will California Pension Contribution Increases Mean for Local Schools? (column - Erin Glanville / The Almanac)
• Lawsuits May Drive CalSTRS Reform (blog - RiShawn Biddle / Dropout Nation)
• Pension Funds Pledge $10.2 Billion to Spur Construction, Bill Clinton Announces at Denver Forum (Cathy Proctor / Denver Business Journal)
• Illinois Teachers Retirement System Cuts Estimated Return Rate for Pension Asset Investments from 8% to 7.5% (Doug Finke / State Journal-Register)
• The Illinois Teachers Pension Mountain Just Got Steeper. Here's How (Lynne Marek / Crain's Chicago Business)
• In New Jersey, the Pension Tension Is Rising (blog - Ted Ballantine / Pension360)
• Pension Reform Must Be Revisited by New Jersey (op-ed - Jerry Cantrell / Star-Ledger)
• Pension Costs Skyrocket in Pennsylvania's School Districts (Ben Allen / WITF)
• Checkup on Washington State's Pension Plans Finds State in a Pinch (editorial - Spokesman-Review)
• PENSION PULSE: AIMCo's Unconventional Investments? (blog - Leo Kolivakis)

June 24, 2014

• Alaska Legislation Moves $3 Billion From State Savings to Pay Down $12 Billion Pension Liability (Adam Pinsker / KTUU-TV)
• Aging in California: Who Will Support Our Seniors? (Anita Creamer and Phillip Reese / Sacramento Bee)
• Public Pensions: Why Keeping a Watch on Them Is Important (blog - Mary Pat Campbell / PensionTsunami.com)
• In New York, an Important Pension Bill Is Slipping Through the Cracks (blog - Ted Ballantine / Pension360)
• Unpaid Interest Compounding New Jersey's Budget Problems (Joan Quigley / Jersey Journal)
• You Can Only Rely on Our Numbers (blog - John Bury / Burypensions)
• Arbitrator Says Sandusky Should Get Pennsylvania State Pension Back (Mark Scolforo / Daily Times)
• Tennessee's Teachers’ Pension Challenge (blog - RiShawn Biddle / Dropout Nation)
• GRAPHIC: California's Working Age Adults and Senior Citizens (Sacramento Bee)
• Big Investors Missed Stock Rally: Pension Funds Diversified With Disappointing Results (Gregory Zuckerman / Wall Street Journal)
• 11,004,507: Disability Beneficiaries Top 11 Million for First Time (Terence P. Jeffrey / CNS News)
• Muni Bond Experts Sound Short-Term Warnings on Puerto Rico, Long-Term on Local Munis (James J. Green / ThinkAdvisor)
• Japan's Lumbering Public Pension Fund to Be Recast as Agent of Reform (Chikafumi Hodo / Reuters)
• PENSION PULSE: Gordon Fyfe Leaves PSP to Head bcIMC (blog - Leo Kolivakis)

June 23, 2014

• California Judge to Rule on Legality of Ventura County Pension Reform Ballot Measure (Anna Bitong / Simi Valley Acorn)
• Bankrupt San Bernardino Cuts Deal to Pay CalPERS Debt (blog - Ed Mendel / Calpensions)
• Stanford Study Says Moving Some Public Workers to Obamacare Could Save State and Local Governments Billions (Tracy Seipel / San Jose Mercury News)
• Solano County, California Looks at $856 Million Balanced Budget; Unfunded Pension Liability Is $417 Million (Melissa Murphy / The Reporter)
• California's School Budgets to Include Higher Teacher Pension Payments (Wendy Leung / Ventura County Star) $$
• Gov. Brown, State Lawmakers and Other Elected Officials Get 2% Pay Raise (Patrick McGreevy / Los Angeles Times)
• Pay Panel Gives California Officials and Legislators 2% Raise (blog - Jeremy B. White / Sacramento Bee)
• Using Tontines to Solve Public Pension Underfunding (Jonathan B. Forman and Michael J. Sabin / Pensions & Investments)
• Good or Bad, News on Public Pensions Is a Necessity (Pat Flannery / Arizona Republic)
• Political Math Is Tough When It Comes to Public Pension Reform in Pennsylvania (Charles Thompson / Patriot-News)
• Public Employee Pensions in 2012, 2002 and 1993: Census Bureau Data (blog - Larry Littlefield / Saying the Unsaid in New York)
• Russia's Pension Systems Will Have to Be Adjusted to Deal With Shrinking Work Force (Mark Adomanis / Forbes)
• PENSION PULSE: The Soul of a Hedge Fund Machine? (blog - Leo Kolivakis)

June 20, 2014

• Report Says California Pension Plans Are Out of Control (Joe Michaels / KFBK News Radio)
• The Anti-Public Pension Campaign Is Gaining Strength (column - Loretta Redd / Santa Barbara View)
• Brea, California City Executives to Contribute More Toward Their Own Pensions (Louis Casiano Jr. / Orange County Register)
• Government Workers See COLA Cuts Nationwide (Squared Away Blog - Center for Retirement Research)
• Detroit's Public Employee Unions Blink (blog - Brad Hoppmann / Uncommon Wisdom)
• New Tennessee Law Requires Local Government Pension Funding (Rebecca Moore / PlanSponsor)
• Analysis: Christie's Words on New Jersey's Pensions Waver From Concerned to Reassuring (John Reitmeyer / The Record)
• Kentucky Legislators Allege 23% Funded Plan Is Sound (John Gregory / Kentucky Educational Television)
• Discussion of Kentucky's Public Employee Pension Funds (video - Renee Shaw / Kentucky Tonight)
• South Carolina's Public Employees to Pay More in 2015 for Pensions (Seanna Adcock / Aiken Standard)
• Jacksonville, Florida's Credit Rating Downgraded; Tied to Looming $1.7 Billion Pension Deficit (video - WJXT-TV)
• INTERACTIVE WEBSITE: Compare Public Pensions Across All 50 States (Public Sector Inc.)
• PENSION PULSE: Time to Load Up on Linkers or Risky Stocks? (blog - Leo Kolivakis)

June 19, 2014

• Bankrupt City of San Bernardino Reaches Deal With CalPERS (Tim Reid / Reuters)
• San Bernardino Reports Interim Agreement With CalPERS (Ryan Hagen / The Sun)
• Ventura County Supervisors Put Pension Reform Initiative on Ballot, Call It Illegal (Kathleen Wilson / Ventura County Star) $$
• Employee Union Concessions Help Balance San Bernardino County Budget (Joe Nelson / The Sun)
• With Time Bomb Ticking, Chicago Must Act on Pensions (editorial - Chicago Sun-Times)
• Detroit Rolls Out New Model: A Hybrid Pension Plan (DealBook blog - Mary Williams Walsh / New York Times)
• Detroit Workers to See Deductions From Paychecks to Help Fund Pensions (Joe Guillen / Detroit Free Press)
• What’s Next for State, Local Pension Funding (Alicia H. Munnell / MarketWatch)
• REPORT: The Funding of State and Local Pensions: 2013-2017 (Alicia H. Munnell, Jean-Pierre Aubry, Mark Cafarelli / Center for Retirement Research)
• New Jersey's Largest Pension Fund Votes to Sue Gov. Christie Over Budget Plan (Salvador Rizzo / Star-Ledger)
• Piling on Gov. Christie (blog - John Bury / Burypensions)
• The Public Pension Hedge Fund Dodge (Iliya Atanasov / Public Sector Inc.)
• PENSION PULSE: Andurand Capital's Negative IRR? (blog - Leo Kolivakis)

June 18, 2014

• CalSTRS Gets $5 Billion Increase Over Seven Years (blog - Ed Mendel / Calpensions)
• TransparentCalifornia.com Releases 2013 Payroll and Pension Data; Public Employee Compensation Growing More Out of Control (Mark Bucher / UnionWatch)
• Marin County Employees Cost Taxpayers $150,000 Each; Cost Has Accelerated to Cover Pension Benefits (Nels Johnson / Marin Independent Journal)
• Moraga, California's Healthcare and Pension Costs Have Increased Between 6 and 19% Yearly (Sophie Braccini / Lamorinda Weekly)
• Pension Funds Like CalPERS Dance a Two-Step With Ratings Firms (Gretchen Morgenson / New York Times)
• New GASB 68 Accounting Rule Portends Huge Problems for Providence and Rhode Island's Pension Funds (op-ed - Michael Riley / GoLocalProv)
• Exclusive: Chicago City Hall’s Financial Time Bomb (Dan Mihalopoulos / Chicago Sun-Times)
• New Jersey's Pension Hole Is a Monument to Avoidance, Dishonesty, and Dysfunction (op-ed - Charles Lane / Philadelphia Inquirer)
• $500 Million Unfunded OPEB Liability Puts Pittsburgh's Finances at Risk (Melissa Daniels / Pittsburgh Tribune-Review)
• Phoenix Pension Initiative Would End Pension Spiking and Place New Hires in 401(k) Plans (Allison Hurtado / Ahwatukee Foothills News)
• Addressing Objections to Shifting From Defined-Benefit Pensions to Defined-Contribution Plans (Lance Christensen, Truong Bui, Leonard Gilroy / Reason)
• Bill Would Increase Certain Social Security Benefits (Rebecca Moore / PlanSponsor)
• Annuity Awareness or Bust (blog - Steve Morelli / InsuranceNewsNet)
• PENSION PULSE: Quebec's Declaration of Pension War? (blog - Leo Kolivakis)

June 17, 2014

• California Lawmakers Pass Bill to Fully Fund CalSTRS in 32 Years; Districts, Employees, State to Pay More (Randy Diamond / Pensions & Investments)
• California's School Districts Will Help Foot the Bill for Teachers Retirement Fund (Tim Lantz / KFBK News Radio)
• Los Angeles' Mellow Response to 2020 Commission's Crisis Warning (column - Jim Newton / Los Angeles Times)
• GASB Publishes Proposed Accounting Standards for Government Post-Employment Benefits (Michael Cohn / Accounting Today)
• Pension Groups Strike Back at SEC Commissioner's Criticism (Lisa Lambert / Reuters)
• New GAO Study Addresses Performance Audit Reports for Different Types of Pension Plans (blog - Susan Mangiero / Pension Risk Matters)
• Public Pension Watch: Chicago, Not Waving But Drowning (blog - Mary Pat Campbell / STUMP)
• Former Dallas Council Member Dave Neumann Paid Thousands to Improve Image of Police, Fire Pension Fund (blog - Rudolph Bush / Dallas News)
• Savings Cuts May Be Wild Card in Detroit Bankruptcy Vote (Susan Tompor / Detroit Free Press)
• Will New York Lock in Retiree Health Costs? (E.J. McMahon / Public Sector Inc.)
• PENSION PULSE: CPPIB's Struggle With Bold Investment Bets? (blog - Leo Kolivakis)

June 16, 2014

• California's Judges Keep Close Watch Over Their Own Pensions (blog - Ed Mendel / Calpensions)
• Ventura County Attorney Says Pension Initiative Invalid as Court Battle Looms (Kathleen Wilson / Ventura County Star) $$
• A Growing and Largely Ignored Crisis: Public Pension Funds Are Running Out of Money (Allan C. Brownfeld / Communities Digital News)
• GASB’s OPEB Proposals and Related Resources Are Now Available Online (press release)
• Union Workers Get Paid City Overtime by San Diego (Jeff McDonald / U-T San Diego)
• California's Classrooms Starved by Rising Teacher Pension Costs (op-ed - Lawrence J. McQuillan / Contra Costa Times)
• A California Fire District Board Passes a Tax Increase to Sustain $263,000 Median Annual Compensation (Robert Fellner / UnionWatch)
• New Jersey Public Employee Unions Blow It Again (blog - John Bury / Burypensions)
• Phone Tax Won’t Keep $20 Billion Chicago Pension Bill on Hold for Long (Fran Spielman / Chicago Sun-Times)
• Pennsylvania Pension Reform Roils State Budget Talks (Steve Malanga / Public Sector Inc.)
• Pennsylvania Needs to Get Serious With Pension Reform (op-ed - Rick Dreyfuss / Lancaster Online)
• Pennsylvania's Pension Crisis: Doing Nothing Is Not an Option (column - Tom Corbett / Bucks County Courier Times)
• PENSION PULSE: An Alternatives Blitz Bonanza? (blog - Leo Kolivakis)

June 13, 2014

• California Must Grapple With Its Wall of Debt (op-ed - Carolyn Cavecche / Orange County Register)
• Here’s Why the City Council Pulled the Road Tax and Here’s How They Can Fix Los Angeles’ Streets (Jack Humphreville / CityWatch LA)
• Hawaii's 'Pension Promises' in 99 Seconds: Reporter Nathan Eagle Summarizes the Series (video - Mike Webb / Civil Beat)
• Oklahoma Has Adopted 401k-Style Retirement for New Government Workers … Could New Mexico? (blog - Paul Gessing / Rio Grande Foundation)
• Detroit Pension Board Urges Voters to Back Plan for 4.5% Cut (Joe Guillen / Detroit Free Press)
• Michigan Teacher Pension System Liabilities Increase Again; Underfunding Now Up to $25.8 Billion (Tom Gantert / Capitol Confidential)
• Illinois Has Worst Pension Crisis, Needs Boldest Reforms, Not More Tax Hikes (blog - Mike Shedlock / Mish's Trends)
• Rahm’s Phony Pension Fix Fails Taxpayers and Chicago's City Workers (Benjamin VanMetre / Champion News)
• Union Leaders to Christie: Raise Taxes Instead of Cutting Pensions (Salvador Rizzo / Star-Ledger)
• What the New Jersey Education Association Is Not Telling Its Members About Pensions (blog - John Bury / Burypensions)
• Christie's Pension Plan Sparks Debate at New Jersey State Investment Council (Salvador Rizzo / Star-Ledger)
• Pension Savings for Jacksonville Would Be $1.49 Billion, Times-Union Analysis Shows (David Bauerlein / Florida Times-Union)
• Public Pension Funds Not Yet Rebounding With Stock Market, Study Says (Russ Wiles / Arizona Republic)
• Pennsylvania School District Requests Legislation to Deal With Public Pension Crisis (Joshua Vaughn / The Sentinel)
• Kentucky Public Pension System to Appeal Seven Counties Ruling (Mike Wynn / Courier-Journal)
• New Connecticut Law to Restrict Excessive Judges' Pensions Has Holes in It -- Intentionally (op-ed - Jon Lender / Hartford Courant)
• BlackRock: Politics Overshadowing Public Pension Reform (video - Interview with Peter Hayes / Fox Business)
• Report: Social Security Judges Rubber-Stamp Billions in Disability Claims (Stephen Ohlemacher / Associated Press)
• PENSION PULSE: The Secret Club That Runs The World? (blog - Leo Kolivakis)

June 12, 2014

• Public Employee Coalition Threatens Lawsuit to Keep Ventura County Pension Reform Measure Off Ballot (Anna Bitong / Thousand Oaks Acorn)
• Ventura County's Pension Liability: Responsibility Calls for Having Authority (editorial - Ventura County Reporter)
• Progressive Activists Are Attempting to Create a Private Sector Retirement Security Crisis (op-ed - Linda Gorman / Greeley Tribune)
• State Judicial Activism Has Cost Taxpayers Billions in Unfunded Mandates and Thwarted Efforts to Control Spending (Steven Malanga / City Journal)
• Is California Budget Deal Something We Can All Be Proud Of? (video blog - Dan Walters / Sacramento Bee)
• In Budget Debate, California Democrats Say They Want to 'Invest' State Surplus, Not 'Spend' It (Judy Lin / Associated Press)
• Retired Teacher Getting $120,000 Pension Found Dead Amid Hoarder Conditions (blog - Matt Coker / OC Weekly)
• PENSION PULSE: Goldman Stars Fall Back Down to Earth? (blog - Leo Kolivakis)

June 11, 2014

• City of San Jose Appeals Court Ruling on Pension Reform Measure B (Mike Rosenberg / Mercury News)
• Surprise Pension Costs for California's School Districts: Governor's Proposal Will Hit Budgets Hard in July (Kevin Forestieri / Mountain View Voice)
• Gov. Brown Tells Democrats to Rein in California Budget: Muni Credit (Michael B. Marois / Bloomberg)
• California Teachers Union Hypocrisy Exposed by Vergara Ruling (Mark Bucher / UnionWatch)
• US Public Pension Shortfalls Exceed $1 Trillion (William Selway / Bloomberg)
• Public Pension Funding Ratios Unchanged in 2013 (Hazel Bradford / Pensions & Investments)
• How Pension Funds Stayed Poor Despite 2013 Market Roar (Sage Um / aiCIO)
• Chicago Pension Rescue Targets $9.4 Billion Deficit: Muni Credit (Tim Jones and Brian Chappatta / Bloomberg)
• Illinois Gov. Quinn Signs Chicago Pension Bill (video - Mike Flannery / Fox Chicago)
• Kentucky Pension Systems' Practices and Investments Need Closer Monitoring to Prevent Crisis, Says House Speaker Stumbo (Jacqueline Pitts / cn|2)
• Pension Plans Derail Efforts to Improve Missouri's Public Schools (op-ed - James V. Shuls / Missourian)
• New York City's Mayor De Blasio Opposes Bill to Boost Police Disability Pensions (Sally Goldenberg / Capital New York)
• Pension Consultants Accused of Serial Conflicts of Interest (Sage Um / aiCIO)
• PENSION PULSE: Is a Stock Market Correction Overdue? (blog - Leo Kolivakis)

June 10, 2014

• Governors Shouldn't Hide Costs Even When They Can (op-ed - David Crane / Contra Costa Times)
• Visalia, California’s Costs Rising Faster Than Its Revenues (David Castellon / Visalia Times Delta)
• Some States Rake in Revenue, Others Struggle (Pamela M. Prah / USA Today)
• Budget Watchdog Warns Passage of $31 Billion New York Police Department Disability Pension Bill (Pat Bailey / New York Post)
• Yonkers Public Safety Officers Claim Injury But Rack Up Overtime (Jonathan Bandler and Jorge Fitz-Gibbon / The Journal News)
• Top 25 Disability Pensioners Who Worked in New York's Westchester and Rockland Counties (Jonathan Bandler / The Journal News)
• Detroit Automakers Pledge $26 Million to Help Save City’s Art and Ease Pension Cuts (Steven Yaccino / New York Times)
• PENSION PULSE: America's Looming Pension Disaster? (blog - Leo Kolivakis)

June 9, 2014

• Stockton Bankruptcy Judge May Issue Two Rulings (blog - Ed Mendel / Calpensions)
• Why Frustrated Muni Operators Use Sickout to Gain Leverage (Michael Cabanatuan / San Francisco Chronicle)
• Is California on the Freeway to Fiscal Sanity? (column - Charles Chieppo / Governing)
• New Jersey's Gov. Christie Can't Cut Pension Payment in Coming Fiscal Year, Legal Opinion Says (John Reitmeyer / The Record)
• Incompetence Is at Emergency Levels in New Jersey (blog - John Bury / Burypensions)
• Detroit Rolls Dice by Relying on Casino Cash (Tim Reid and Michael Erman / Reuters)
• Michigan Legislator Blames 'Shady Bankers' for Detroit's Problems Despite Voting to Double Debt (Tom Gantert / Capitol Confidential)
• New York’s Transit Pay Train (E.J. McMahon / Public Sector Inc.)
• New Jersey: Allegiance to the Crook (blog - John Bury / Burypensions)
• Legal Decision Could Leave Krentucky Pension Fund With Huge Liability (Kevin Wheatley / The State Journal)
• Illinois' Public Safety Pension Woes: Rising Obligations Strain Budgets, Local Officials Say (Stephen Di Benedetto / Northwest Herald)
• Why Illinois Gov. Quinn Should Veto Chicago's Pension Bill (editorial - Chicago Tribune)
• Trim Pennsylvania Legislature, and State Pay, Too (editorial - Pocono Record)
• Pension Promises: Will Hawaii Ever Climb Out of Its $27 Billion Hole? (Nathan Eagle and Bob Porterfield / Honolulu Civil Beat)
• SEC Commissioner’s Not-So-Tough Talk on Pensions (Steve Malanga / Public Sector Inc.)
• States Reaching Out Too Far in Implementing Public-Private Programs (editorial - Pensions & Investments)
• EDITORIAL CARTOON: States Over-Reaching on Public-Private Pension Plans (Roger Schillerstrom / Pensions & Investments)
• How Exotic Financial Strategies Created the Perfect Storm for the 2008 Recession (Chuck Epstein / MutualFundReform.com)
• Buying a Guaranteed Retirement Income, for Some Peace of Mind (Tara Siegel Bernard / New York Times)

June 6, 2014

• California School Manager Benefits Rise as CalSTRS Pension Fund in Crisis (Alison Vekshin / Bloomberg)
• Stockton Chapter 9 Legal Teams Face Off for Hardball (column - Michael Fitzgerald / Stockton Record)
• Stockton Bankruptcy Exit at Least a Month Away (Tonya Chin / The Bond Buyer)
• The Great Public Pension Discount Rate Flip Flop (Steve Eide / Public Sector Inc.)
• Lawsuit: Kentucky Pension Fund Cost Taxpayers Millions (Scott Wartman / Lexington Herald-Leader)
• Police, Fire Pension Changes Are a Start; Minnesota’s Changes Are Similar to Challenges Faced Across the Nation (editorial - St. Cloud Times)
• Arizona Pension Board Seeks Special Session to Fix Financially Troubled Retirement System for Police and Firefighters (Craig Harris / The Republic)
• New Jersey State Troopers Sue Over Christie Pensions Funding Cuts (Chris Dolmetsch and Elise Young / Bloomberg)
• German Parliament Extends Holocaust Survivor Pensions (David Rising / Associated Press)
• PENSION PULSE: Canada's Looming Pension Wars? (blog - Leo Kolivakis)

June 5, 2014

• Stockton, California Must Wait Month for Ruling in Chap. 9 Trial (Roger Phillips / Stockton Record)
• In Last Day of Trial, Stockton, California Argues for End to Bankruptcy (Robin Respaut / Reuters)
• Bashing 401(k)s (blog - John Bury / Burypensions)
• San Francisco Transit Workers Find No Support for Sickout From Public (Chris Roberts / San Francisco Examiner)
• In San Jose Mayor's Race, It's Union-Backed Cortese vs. Liccardo, a Pension Reformer (Greg Baumann / Silicon Valley Business Journal)
• Public Pensions Hiding Trillions in Liabilities, SEC Commissioner Says (Nick Thornton / BenefitsPro)
• Kentucky Pensions: From Worst to 'Worster' … (Steve Malanga / Public Sector Inc.)
• New Jersey Firefighters Top $95,000 Salary, Highest in US (Jean Mikle / Asbury Park Press)
• Maintaining Lawful Rights in New Jersey? (blog - John Bury / Burypensions)
• Retiree Health Benefits Are Easier to Cut Than Pensions (Mark J. Magyar / NJSpotlight)
• New York City Pension Funds Look to Put More Money in Hedge Funds (Bloomberg / Money News)
• PENSION PULSE: One-Man Wealth Machine? (blog - Leo Kolivakis)

June 4, 2014

• Public Employee Unions: The Root Cause of California’s Challenges (Ed Ring / UnionWatch)
• Be Very Afraid of the Underfunded Public Pensions Nuclear Solution (Don Miller / The Market Oracle)
• Open Records Ballot Measure Wins in California (Jon Ortiz / Sacramento Bee)
• Public Employee Pay State by State (Daniel DiSalvo / Public Sector Inc.)
• Billionaire Philanthropist Arnold Turns to Pension Reform (Jeanine Prezioso / Reuters)
• New Jersey Faces Further Downgrade Over Pensions (Elizabeth Pfeuti / aiCIO)
• S&P Warns New Jersey Credit Downgrade Looms (Michael Symons / Daily Journal)
• Protecting Retirement Plan Returns From the March of Progress (Canover Watson / PlanSponsor)
• Job Hopping Has Lost Its Stigma (Kevin McGuinness / PlanSponsor)
• PENSION PULSE: CEO Pay Spinning Out of Control? (blog - Leo Kolivakis)

June 3, 2014

• Richmond, California Property Owners Paying Hefty, Hidden Pension Tax (column - Daniel Borenstein / Contra Costa Times)
• Former Oakland Police Officer Hits Pension Lottery (op-ed - Debra J. Saunders / Stockton Record)
• Public Pensions Primer: Why Do We Pre-Fund Pensions? (blog - Mary Pat Campbell / STUMP)
• S&P Puts New Jersey Ratings on CreditWatch (blog - John Bury / Burypensions)
• Interests of Taxpayers, Teachers Union Clash in Allentown, Pennsylvania (op-ed - Scott Armstrong / Morning Call)
• There’s Hope for Retirement Security Policies From Congress (Rebecca Moore / PlanSponsor)
• PENSION PULSE: Day of Reckoning Looms for Pensions? (blog - Leo Kolivakis)

June 2, 2014

• GASB Proposes New Step to Expose Hidden Retiree Healthcare Debt (blog - Ed Mendel / Calpensions)
• Gov. Brown's Plan for CalSTRS Would Result in Increased Contributions From the State, Teachers and School Districts (Independent News)
• Alameda School District’s Pension Costs Could Triple Under Gov. Brown’s Proposal to Reform CalSTRS (Michele Ellson / The Alamedan)
• In Wake of Disclosure About an FBI Agent, Oakland Is Checking Records of Its Police Officers on Disability Pensions (Will Kane / San Francisco Chronic
• Jerry Brown’s Magical Mystery Surplus: A Fourth Term Looms—and Huge Indebtedness (Peter Hannaford / The American Spectator
• Lawmakers Gone Wild: California’s Once-Exemplary Legislature Now Manages to Be Both Trivial and Destructive (Victor Davis Hanson / City Journal)
• The 7 Deadly Sins of Public Finance (Liz Farmer / Governing)
• Rahm’s $12.5 Billion Pension Problem (blog - RiShawn Biddle / Dropout Nation)
• The Pensions That Ate New Jersey (editorial - New York Post)
• New York Post Misdiagnoses Cause of New Jersey's Pension Problem (blog - John Bury / Burypensions)
• Teacher Pensions Contribute to Pennsylvania School Budget Increases (op-ed - Scott Armstrong / Allentown Morning Call)
• Pension Reform Benefits Pennylvania's Teachers, Taxpayers (op-ed - Nathan A. Benefield / Phoenix Reporter)
• PENSION PULSE: Get Ready for Life After Benchmarks? (blog - Leo Kolivakis)

May 30, 2014

• Qualified for the FBI and an Oakland Police Disability Pension, Too (column - Debra J. Saunders / San Francisco Chronicle)
• San Bernardino Must Get Pension Costs in Line (editorial - Press-Enterprise)
• Alameda School District Could See Big Pension Cost Increase (Michele Ellson / San Francisco Chronicle)
• Gov. Brown's Plan for CalSTRS Is Not Fiscally Responsible (column - Daniel Borenstein / Contra Costa Times)
• Bright State Revenue Forecast Obscures California's Major Financial Issues (column - Tim Hunt / Pleasanton Weekly)
• Mill Valley, California Gets Serious About Its $20.3 Million Unfunded Healthcare Liability (column - Dick Spotswood / Marin Independent Journal)
• Judge Hands CalPERS 1st-Round Loss in Long-Term Care Lawsuit (column - Jon Ortiz / Sacramento Bee)
• Four San Jose Police Officers Leave Over Decreased Disability Benefit (Vic Lee / ABC7)
• Reform of Oklahoma’s Broken and Debt-Ridden State Employee Pension System a Big Win for All (Michael C. Carnuccio / Journal Record)
• William Lantigua Denied Pension for Time Double-Dipping as Mayor of Lawrence and Massachusetts State Rep (Chris Cassidy / Boston Herald)
• New Jersey Digs Deeper Hole by Paying Just $2.4 Billion of $8.8 Billion Retiree Costs (Mark J. Magyar / NJ Spotlight)
• Pension Promise Broken by New Jersey Gov. Christie Affirmed Across U.S. (Elise Young / bloomberg)
• Michael Bloomberg’s Cheap Shot at New Jersey Gov. Chris Christie on Pensions (Steve Malanga / Public Sector Inc.)
• Social Security Changes on the Horizon? (Alex Wiederspiel / WDTV-TV)
• PENSION PULSE: AIMCo Scores Huge on Timberland? (blog - Leo Kolivakis)

May 29, 2014

• CalSTRS Bailout Will Be California Version of Federal Budget Sequester (Chris Reed / CalWatchdog)
• CalSTRS Fix Portends Years of Budget Strife for California (editorial - U-T San Diego)
• GASB Proposes Major Improvements for Reporting by State and Local Governments of Health Insurance and Other OPEBs (press release - GASB)
• Piketty, Public Pensions, and Predetermined Policies (blog - Mary Pat Campbell / STUMP)
• State Pension Transparency Is Right Message at Right Time (column - Edward Siedle / Forbes)
• Structured Gimmickry for Detroit (Steve Eide / Public Sector Inc.)
• More Retired New York Government Employees Qualified for Starting Pensions of $100,000 or More in 2013 (press release)
• Solution to Houston's Pension Mess Fairly Clear, Simple (column - Bill King / Houston Chronicle)
• Jacksonville Pension Deal May Not Be Enough (video - Jim Piggott / WJXT-TV)
• New Model for Retirement Needs New Benefits Structure (Jill Cornfield / PlanSponsor)
• Church Pensions (blog - Susan Mangiero / Pension Risk Matters)
• PENSION PULSE: The Euro Deflation Crisis? (blog - Leo Kolivakis)

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