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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 state pension funds, corporate pensions, milti-employer pension funds, social security and international trends. Now in its 15th year, PensionTsunami was founded by and is edited by Jack Dean. (Contact: JackDean-at-PensionTsunami-dot-com or 916-644-0688 or @PensionTsunami)

Latest Newsclips     last updated April 7 2:39pm PST

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

April 7, 2020

• Updated at 7:40 AM (Pacific):
• COVID-19 Market Volatility Adds New Intensity to the US Virgin Islands' Pension Crisis (Marc Joffe & Jodi Lieberman / Reason)
• As of 7:20 AM (Pacific Time):
• PBGC Program Set for Reversal of Fortune (Hazel Bradford / Pensions & Investments)

April 6, 2020

• Recent Stock Market Losses May Spike Local Pension Costs, But Not Immediately (David Garrick / San Diego Union-Tribune)
• Virus Cost San Mateo $10 Million in 2 Months (Zachary Clark / Daily Journal)
• California's Pension Bomb Fuse Just Got Shorter (column - Jon Coupal / Orange County Register)
• Underfunded Public Pension Plans Facing a New Round of Woes (James Comtois / Pensions & Investments)

April 4, 2020

• WEEKEND SPOTLIGHT: Does the Post Office Need a Pension Bailout, and What Does That Have to Do With the Coronavirus? (Elizabeth Bauer / Forbes)

April 3, 2020

• Pensions in a Pandemic: Is One Man's Bailout Another Man’s Pension Funding Relief? (Elizabeth Bauer / Forbes)
• Santa Barbara County Employee Retirement System Takes Big Pension Hit (Joshua Molina / Noozhawk)
• Debate Over Pension Bailouts Rages Amid COVID-19 Pandemic (Michelle Jones / ValueWalk)
• Rhode Island 'Weeks, Not Months’ From Running Out of Cash (Katherine Gregg / Providence Journal)
• The Coronavirus Has Been Devastating for Providence’s Pension Fund (Dan McGowan / Boston Globe)

April 2, 2020

• Coronavirus Is Making the Public Pension Crisis Even Worse (Mary Williams Walsh / New York Times)
• Coronavirus Is the Tipping Point That Just Upended Pensions (Byrne Hobart / Marker)
• City Manager Details How Much Pasadena’s Economy Is Hurting (Kevin Kenney / Pasadena Now)
• California Pension Math (David Crane / Fox & Hounds)
• Democrats to Seek Aid for Troubled Union Pensions in Next Relief Package (Susan Ferrechio / Washington Examiner)

April 1, 2020

• Post-Coronapocalypse Pension Reform Checklist for California (Edward Ring / California Globe)
• CalSTRS Expects Market 'Potholes,' Sticking With Funding Plan, Says CIO Ailman (video - Bloomberg)
• We Wasted an Economic Boom, and Now We Are Starting to Pay the Price (op-ed - Adrian Moore / Orange County Register)
• Millennials Given Responsibility to Pay for Retirement Programs' Investment Deficiencies (op-ed - Ronald Stein / Eurasia Review)

March 31, 2020

• What Happens as State and Local Tax Revenues Crater? (Charles Hugh Smith / Wall Street Window)
• Stock Market Swing Should Raise Alarms About California’s Pensions Woes (editorial / Orange County Register)
• US Public Pensions Lose $1 Trillion From Market Crash (Michael Katz / Chief Investment Officer)

March 30, 2020

• Coronavirus Outbreak Reveals California's Big Financial Shortcomings (column - Dan Walters / Pasadena Star-News)
• Don't Let States Rob COVID-19 Funds to Bail Out Pension Funds (Ted Dabrowski & Mark Glennon / RealClear Politics)
• Military Pensions Too Generous? Will They Be Cut? (Edward Siedle / Forbes)

March 28, 2020

• WEEKEND SPOTLIGHT: CalPERS Unprepared for the Coronavirus Recession (column - Daniel Borenstein / San Jose Mercury News)

March 27, 2020

• The Next Looming Economic Contagion: Pensions Collapse (John Klar / American Thinker)
• A Public Health Crisis Is No Time for Private Pension Bailouts (Rachel Greszler / Heritage Foundation)
• The Truth About LACERS -- The LACERS’ Board, What Happened? (Tom Moutes / CityWatch LA)
• 2020 Pension Investment Losses Tracking at 20 Percent (Michelle Jones / ValueWalk)

March 26, 2020

• Coronavirus Threatens to Wipe Out California’s $21-Billion Surplus. and It Could Get Worse (John Myers / Los Angeles Times)
• Lompoc Just Might Not Get What It Voted for (commentary - Ron Fink / Santa Maria Sun)
• Pension Reform Newsletter for March 2020 (Reason Foundation)
• The Time Is Ripe for Public Pension Obligation Bonds (Girard Miller / Pensions & Investments)
• The Coronavirus Shock Has Tanked Millions of Private Sector Retirement Accounts (Ben Steverman / Bloomberg Law)

March 25, 2020

• Coronavirus, Declining Stocks and Alternative Investments: Bad News for CalPERS and CalSTRS (op-ed - Marc Joffe / Orange County Register)
• Market Rout Leaves Public Pension Funds Nursing a Nearly $1 Trillion Loss for Fiscal 2020: Moody’s (Sunny Oh / MarketWatch)
• Monterey Area Cities Concerned About Jump in Pension Obligations (Dennis L. Taylor / Monterey Herald)
• GOLDEN OLDIE: Pension Puffery: 12 Half-Truths That Deserve to Be Debunked [see #4] (Girard Miller / Governing)
• ISSUE BRIEF: The 80% Pension Funding Standard Myth (pdf - American Academy of Actuaries)

March 24, 2020

• Multi-employer Pension Bailout Too (blog - John Bury / Burypensions)
• Time for California’s Unions to Get Serious About Pension Reform (Edward Ring / California Globe)
• Public Pensions Before the Storm: Looking at Systems Not Set Up for Sustainability (blog - Mary Pat Campbell / STUMP)

March 23, 2020

• San Diego Governments Brace for Impacts of Economic Tumult on Pension Costs (Ashly McGlone / Voice of San Diego)

March 22, 2020

• California Must Act Quickly to Address the Financial Crisis (op-ed - John Moorlach / Orange County Register)
• BREAKING: CalPERS Loses $69 Billion in Biggest Market Losses Since Great Recession (column - Wes Venteicher / Sacramento Bee)

March 21, 2020

• WEEKEND SPOTLIGHT: State Was Full of Bull, as Bear Market Was Looming. Then the Coronavirus Hit. (column - Steven Greenhut / Orange County Register)

March 20, 2020

• CalPERS, Largest US Pension Fund, Loses $67 Billion Since January (Romy Varghese / BloombergQuint)
• California Cities in Critical Condition (Edward Ring / California Globe)
• Coronavirus Could Kill Your Pension (Edward Siedle / Forbes)
• The Truth About LACERS -- Necessary Conversations (Tom Moutes / CityWatch LA)

March 19, 2020

• Southern California Cities Sound Alarm Over Coming Financial Hit From Coronavirus (Teri Sforza / Orange County Register)
• The Exasperating Politics of Pensions and Trust Funds (Kevin Kosar / R Street Institute)

March 18, 2020

• The Debt-Driven Party Had to End Eventually, Coronavirus or No Coronavirus (blog - Larry Littlefield / Saying the Unsaid in New York)
• Riverside County Supervisors Approve Bonds to Pare Down Pension Liabilities (Associated Press / Valley News)
• Multiemployer Pensions Update: Yes, Still in Crisis (Elizabeth Bauer / Forbes)

March 17, 2020

• COVID-19’s Harsh Impact on State Pension Systems and School Districts (op-ed - Alix Ollivier / Orange County Register)

March 16, 2020

• Government Pensions Are Dividing Americans and Damaging the Economy (Edward Ring / American Greatness)
• CalPERS Battles Former Board Member Over Real Estate Investment Values (Chris Flood / Financial Times)
• CalPERS Pensions to Grow Slightly in 2020 With Cost-Of-Living Increase for Retirees (column - Wes Venteicher / Sacramento Bee)
• San Diego’s Pension Payment Jumps Another $15 Million, Squeezing Budget Even Tighter (David Garrick / San Diego Union-Tribune)

March 14, 2020

• SATURDAY SPOTLIGHT: The Truth About LACERS (Jack Humphreville / CityWatch LA)

March 13, 2020

• As Investors Flock to Bonds to Avoid Risk, Pension Plans Face Shrinking Returns (Allison Schrager / City Journal)
• Californians Reject New Taxes and Borrowing (Edward Ring / California Policy Center)

March 12, 2020

• Lawsuit Arguing ERISA Preemption of CalSavers Dismissed (Rebecca Moore / PlanSponsor)
• Federal Judge Rebuffs ERISA Preemption Challenge -- Again (Nevin Adams / American Society of Pension Professionals & Actuaries)
• California Supreme Court Refuses to Hear Case Involving Sonoma County Pension Hikes (Will Schmitt / Press Democrat)

March 11, 2020

• COVID 19 Will End -- This Problem Will Not (David Crane / Fox & Hounds)

March 10, 2020

• NEW REPORT: Do New York City Teachers Have Adequate Retirement Benefits? (TeacherPensions.org)

March 9, 2020

• California School Districts Complain Proposed State Budget Won’t Cover Expenses (John Fensterwald / EdSource)
• Split Pension Decision for Busted California Highway Patrol Former Boss (Lloyd Billingsley / California Globe)

March 6, 2020

• CalSTRS Takes Stock of Coronavirus Impact (Preeti Singh / Financial News)
• Multi-Employer Pension Fund for Safeway Workers Is Expected to Become Insolvent Next Year (Jenny Gathright / dcist.com)

March 5, 2020

• The Golden State Pension 'Trainwreck' Is Coming (video - AlphaWeek)
• Lompoc Voters Approve Sales Tax Increase to Pay City’s Burgeoning Pension Debt (Zac Ezzone / Santa Maria Sun)

March 4, 2020

• For Growing Numbers of Struggling US Cities, the Downturn Has Arrived (Heather Gillers / Wall Street Journal)

March 3, 2020

• Vermont’s Crippling $4.6 Billion Pension and Retiree Health Care Liability (op-ed - Mark Crow / VTDigger)
• Want to Live to 100? These California Public Employees Have the Longest Lifespans (column - Andrew Sheeler / Sacramento Bee)
• Retirees’ Worst Nightmare: Federal Backing of Pension Funds at Risk (Doug Sword / Roll Call)
• Warren, Rhode Island Detective Retires After 22 Years on Sick Leave (Parker Gavigan / NBC 10)

March 2, 2020

• An Astonishing 231 Tax and Bond Measures Are on the Ballot Across California Due to Rise in Pension Obligations (San Diego News Desk)
• Chula Vista Considers Pension Obligation Bonds to Reduce Future Pension Costs (Gustavo Solis / San Diego Union-Tribune)
• Cost of Pensions Climb Even as Redwood City Boosts Payments (Ryan McCarthy / San Mateo Daily Journal)

February 29, 2020

• BREAKING: CalPERS Fund Drops by $15 Billion Amid Coronavirus Fears (column - Wes Venteicher / Sacramento Bee)
• WEEKEND SPOTLIGHT: More Research on Public Pensions and the 'Contracts Clause’ (Elizabeth Bauer / Forbes)

February 28, 2020

• A Stock Market Fall May Squeeze Public Pensions, Experts Say (Richard Williamson / The Bond Buyer)
• Interview With Robert Fellner, Executive Director of Transparent California (Arlene Martínez / USA Today)

February 27, 2020

• Pension Reform Newsletter for February 2020 (Reason Foundation)

February 26, 2020

• Powerful Public Sector Unions, Public Safety Compensation, and Actual Public Safety (Edward Ring / California Globe)
• Will a Sales Tax Save Lemon Grove, California? (Voice of San Diego)
• California Transit Station Agent Worked 361 Days in 2018, Made Over $100,000 in Overtime (Melanie Woodrow / ABC 6)

February 25, 2020

• As Pensions Break the Bank, Californians Face More Tax Hikes (editorial - Orange County Register)
• Even More Reasons for Angelenos to Reject Super Tuesday’s Prop 13, the $15 Billion School Bond (Jack Humphreville / CityWatch LA)
• Family Crime Drama Illuminates California Pension Crisis (K. Lloyd Billingsley / Independent Institute)
• CalPERS Top Money Man Is Swept Up in Chinese Espionage Fears (John Gittelsohn, Sridhar Natarajan & Jenny Leonard / BloombergQuint)
• The Bottom Line: Illinois’ Public Pension Debt Is a Moral Issue (Elizabeth Bauer / Forbes)
• The Moral Case for Pension Reform (blog - Mary Pat Campbell / STUMP)

February 24, 2020

• Children Descend on CalSTRS to Urge Fossil-Fuel Divestment (Arleen Jacobius / Pensions & Investments)
• California Does the Two-Step on Adding More Taxes (Susan Shelley / Pasadena Star-News)
• Trump Should Go to War Against Public Employee Pensions (opinion - Douglas MacKinnon / The Hill)

February 21, 2020

• Federal Retirement Benefits on the Chopping Block (John Grobe / FedSmith)

February 20, 2020

• Fewer Prisoners, Bigger California Prison Budgets (editorial - Orange County Register)
• More Older Americans Are on the Job -- And Dying There, Too (Justin Fox / Bloomberg)

February 19, 2020

• Biggest-Ever CalPERS Pension Tops $400,000 Per Year (column - Wes Venteicher / Sacramento Bee)

February 18, 2020

• City of Santa Monica Workers Protest Stalled Pension, Healthcare Negotiations (Madeleine Pauker / Santa Monica Daily Press)
• Indiana Congressman Calls on CalPERS CIO to Be Fired (Randy Diamond / Chief Investment Officer)

February 17, 2020

• $418,600 Pension for Former CalPERS Investment Manager Largest Ever, New Data Show (Robert Fellner / Transparent California)

February 15, 2020

• Enjoy the Long President's Day Weekend!

February 14, 2020

• Fighting the One-Party State at the Local Level in California (Edward Ring / California Policy Center)
• Will Migrating Golden State Residents Bring Left-Wing Politics to Their New Homes? Maybe Not. (Steven Malanga / City Journal)

February 13, 2020

• Multiemployer Pension Plans Take Center Stage in 2020 (op-ed - Ross Marchand / Washington Examiner)
• Ex-CHP Chief Who Helped Son Flee to Mexico After Rape Charge Wants His Pension Restored (column - Wes Venteicher / Sacramento Bee)
• Busted California Highway Patrol Boss Aims to Spike State Pension (Lloyd Billingsley / California Globe)
• US Lawmaker Calls for Ouster of CalPERS CIO Over China Ties: Letter (Alexandra Alper / Reuters)
• Newspaper Chain McClatchy Files Chapter 11 Bankruptcy After Pension Woes, Print Declines (Nathan Bomey / USA Today)

February 12, 2020

• Curb Oakland Mayor Schaaf’s Insatiable Tax Appetite (editorial - East Bay Times)

February 11, 2020

• Californians Face a Wave of Local Tax Hike Measures (Craig Alexander / California Policy Center)
• Want a Relatively Painless Way to Curb Retiree Health Care Costs? Look to North Carolina (Daniel DiSalvo / Manhattan Institute)

February 10, 2020

• Disinformation in Sacramento (David Crane / Fox & Hounds)
• US Cities Look to Marijuana Taxes for Help (Heather Gillers / Marianas Variety)
• Lawsuit Targeting Sonoma County Pension Hikes Seeks Hearing From California Supreme Court (Will Schmitt / The Press Democrat)

February 7, 2020

• Public Pension Funding Levels Are Not Improving Despite Efforts (Michelle Jones / Value Walk)
• San Jose Schools Are Asking Voters for More Than $600 Million. What Will They Do With It? (John Koli / Moose Gazette)
• CalPERS Board President Wants Transparency in Second Term (Randy Diamond / Chief Investment Officer)

February 6, 2020

• California Communities See Increases in Pension Costs (Mitchell Hartman / Marketplace)
• Californians Face a Wave of Local Tax Hike Measures (editorial - Lake County Record-Bee)
• Developments on the Ohio Pension Crisis Are Encouraging (column - John Damschroder / Fremont News-Messenger)
• Massachusetts State Police Overtime Scandal: As Troopers Are Sentenced, Here Is the Status of Their Pensions (Scott J. Croteau / Masslive.com)
• NFL Players Pension Red Zone (blog - John Bury / Burypensions)
• Public Pension Debt Burden Needs Reboot (editorial - Boston Herald)
• Outrage Over Mariposa Supervisors’ $30,000 Raise Drives Referendum Campaign (Daniel Gligich / San Joaquin Valley Sun)

February 5, 2020

• Riverside County Seeks Strategy to Pay $3.5 Billion Pension Debt (City News Service / NBC Los Angeles)
• Connecticut Has $33 Billion in Unfunded OPEB Liability, According to Report (Marc E. Fitch / Yankee Institute)
• New MBTA Pension Report Shows Many Retire at 50 … or Younger (Joe Dwinell / Boston Herald)

February 4, 2020

• Californians Face a Wave of Local Tax Hike Measures (editorial - Orange County Register)
• Measure I: Lompoc Officials Push for Sales Tax Increase, While Some Residents Express Concerns (Willis Jacobson / Santa Maria Times)
• $52.7 Million in Unanticipated Revenue Fills Riverside County Coffers, But Anticipated Costs Increase at Levels Greater Than Revenue (Patch.com)
• Is Your City’s Pension Fund a Little Short? Marijuana Might Help (Heather Gillers / Wall Street Journal)
• Teens Drench Themselves in Fake Oil in Climate Change Protest at CalSTRS Headquarters (Andrew Sheeler / Sacramento Bee)

February 3, 2020

• Why Funded Status Matters (Equable)
• SF Corruption Probe: How Long Will Nuru Hang on to His Job, and Will He Keep His Pension? (Dominic Fracassa / San Francisco Chronicle)
• Chula Vista Bond Measure Could Build Affordable Housing for Teachers and Staff (Joe Hong / KPBS)

February 1, 2020

• WEEKEND SPOTLIGHT: Local Voters Are Being Asked to Approve $17 Billion in School Construction Bonds. Much of It Is Unneeded (Marc Joffe / CALmatters)

January 31, 2020

• The Downward Trend in US Life Expectancy and Its Uncertain Impacts on Public Pensions (Marc Joffe / Reason Foundation)
• Disgraced Congressmen Would Lose Their Pensions for Campaign Crimes Under This Bill (Kate Irby / Modesto Bee)
• Republican Deficit Hypocrisy Will Make America's Debt Problems Much Harder to Solve (Peter Suderman / Reason)

January 30, 2020

• For Many California Cities, New Year Brings Higher Pension Bills (Romy Varghese / Bloomberg)
• Pension Reform Newsletter for January 2020 (Reason Foundation)
• South Carolina Governor Calls for Closure of Defined Benefit Pension Plan (Michael Katz / Chief Executive Officer)
• Six Key Charts That Prove Why There Is No Alternative to Pension Reform in Illinois (Elizabeth Bauer / Forbes)
• EDITORIAL CARTOON: Pension Millionaires (Eric Allie / Illinois Policy)
• Rising Pension Costs an Issue as Forum Gets Torrance Municipal Election Season Under Way (Nick Green / Daily Breeze)
• Ohio Pension Plan Would Disclose Manager Fees, Livestream Meetings Under New Legislation (Steffan Navedo-Perez / Chief Investment Officer)

January 29, 2020

• Some Big Cities in California Still Struggling Under Mountain of Debt (Teri Sforza / Orange County Register)
• Suing California to Produce a State Checkbook (Adam Andrzejewski / Real Clear Politics)

January 28, 2020

• 2020 Financial State of the Cities (Truth in Accounting)
• Taxing Tuesday Special: State of the Cities From Truth in Accounting (blog - Mary Pat Campbell / STUMP)
• Liabilities Mostly Offset High Returns for Pension Funds Around Globe (Douglas Appell / Pensions & Investments)
• Illinois Cities Spend 33% of Property Taxes or More on Pensions (John Kemp / Daily Gaming World)
• Stop Arguing Over Who Picks Up New Mexico's Pension Tab and Split the Bill (Sherry Robinson / Carlsbad Current Argus)
• School Pensions in New York: Check Who Got Them and How Much They Received (Joseph Spector & Sean Lahman / Democrat & Chronicle)
• How Kenya Plans to Reform Unsustainable Pension Schemes (CNBC Africa)

January 27, 2020

• Bonds Are a Risky Way to Deal With Pension Woes (column - Jon Coupal / Orange County Register)
• California’s Big Educational Dilemma (column - Dan Walters / CALmatters)
• How to Protect Yourself From the Collapsing Pension System (David C. Lewis / NuWire)
• Stars Have Aligned for Needed Pension Reform in New Mexico (op-ed - Paul Gessing & Len Gilroy / Santa Fe New Mexican)
• Retirement Obligations Are Squeezing Operating Budgets in Some of California’s Biggest School Districts (John Myers / Los Angeles Times)
• America’s Debt Spree Isn’t Stopping. It Might Soon Be Too Late. (column - Robert J. Samuelson / Washington Post)

January 24, 2020

• Will Riverside County Do Something About Its Pension Problem? (editorial - Press-Enterprise)
• Pension Bonds Are a Last Resort for Simi Valley (letter - The Acorn)
• The 1%: Illinois’ Public Pension Millionaires (Austin Berg / Illinois Policy)
• Membership in Public Employee Unions Falls to a 20-Year Low (Steven Malanga / City Journal)
• CalPERS Wants to Keep Private Debt Documents From Public Release (Arleen Jacobius / Pensions & Investments)
• Hold Novato School District Accountable, Vote No on Measure a (op-ed - Tina McMillan & Julia Lavaroni / Marin Independent Journal)
• The High Cost of Rejecting Public Pension Reform in Illinois ( Elizabeth Bauer / Forbes)
• Time for Reform of Mississippi’s Defined Benefit Pension System (Bigger Pie Forum / Northside Sun)
• Why Kansas Governor Wants to Extend Pension Obligations and Pay Down Other Debt (Richard Williamson / The Bond Buyer)$$
• South Carolina Governor Calls for End to State Defined Benefit Pension Plan, Shift to Defined Contribution Plan (Bloomberg Law)$$

January 23, 2020

• California Voters Face Hundreds of Local Tax Measures (Dan Walters / CALmatters)
• California State Worker Pay Database Updated With 2019 Raises, Promotions (column - Wes Venteicher & Phillip Reese / Sacramento Bee)
• Monrovia, San Gabriel and West Covina Share a Fiscal Secret (column - Larry Wilson / Pasadena Star-News))

January 22, 2020

• Unfortunately, Ohio's Bad Government Will Be Rewarded (column - John Damschroder / News-Messenger)
• How California Public Agencies Can Reform Pension Benefits (Che Johnson & Lars Reed / American City & County)
• Grass Valley, California's $22 Million Unfunded City Employee Pension Debt (letter - The Union)
• After Benefits for Ohio Police and Firefighters Were Slashed, Could Health Care Cuts for Government Workers Be Next? (video - 19 News)
• Voters Deserve the Truth on Pension-Driven Tax Hikes (op-ed - Robert Fellner / Washington Examiner)

January 21, 2020

• Manhattan Beach Firefighter Pay Averages Over $300,000 Per Year (Edward Ring / California Globe)
• CalPERS Outlines Key Economic Risks for Next Decade (Steffan Navedo-Perez / Chief Investment Officer)
• Union Pension Funding Crisis Enters a New Decade (John Manganaro / PlanSponsor)
• California’s Free Community College Plan Collides With Skyrocketing Retirement Obligations (Allan Wheeler / Reason Foundation)
• The Wisconsin Retirement System Is Fully Funded and a Model for Other States (Kerri Seyfert / Reason Foundation)
• Public Pensions Are Woefully Underfunded; The Crunch Point Is Coming Soon (editorial - The Economist)$$
• America’s Public-Sector Pension Plans Are Trillions of Dollars Short; Police, Teachers, Face a Brutal Reckoning (column - The Economist)$$

January 20, 2020

• Inglewood, Pasadena, Torrance and Cathedral City Are Piling on Debt Because of Pension, Medical Costs (Tony Saavedra / Orange County Register)
• CalPERS Hits Milestone: Market Value Tops $400 Billion (column - Wes Venteicher / Sacramento Bee)
• Massachusetts Pensions Grabbing Big Share of Limited Resources (Colin A. Young / The Sun)

January 17, 2020

• Petaluma 'Looked Under Every Rock’ for Pension Crisis Solution (Matt Brown / Argus-Courier)
• Riverside County’s Pension Liabilities Reach $3.5 Billion (with video - Daytona Everett / NBC Palm Springs)
• Union Rules, Not Wildfires, Are the Root of High Firefighter Overtime Costs (op-ed - Robert Fellner / Los Angeles Daily News)
• Ohio's Pension Fund Approves Future Health Benefits Cuts for Retirees (Andrew Tobias / Cleveland.com)
• Fewer Illinois Taxpayers Are on the Hook for Growing Public Sector Pension Liabilities (Greg Bishop / The Center Square)
• 2019 Massachusetts State Pension Data Now Online (Joe Dwinell / Boston Herald)

January 16, 2020

• Puerto Rico Government Retirees Could Face 8.5% Cut to Pensions, in Latest Blow for Island (Cristina Corujo / NBC South Florida)
• Wisconsin Bet That Interest Rates Wouldn't Go Down and It Lost Big (Fola Akinnibi / Bloomberg)
• Manhattan Beach Unified Says It May Have to Lay Off 30 Staffers to Reduce Spending by $3 Million (Tyler Shaun Evains / The Beach Reporter)
• Military Pensions Are Creating a Generation of Millionaires (Merle Jones / Forbes)
• Virgin Islands Governor Says He’s Trying to Address $4.4 Billion Pension Gap (Robert Slavin / The Bond Buyer)$$

January 15, 2020

• Riverside County Supervisor: 'Tough Love’ Required to Rein in Pension Debts (myLAnews.com)
• Avant-Garde Pension Reforms Can Turn Around Trillion-Dollar Deficits (Ross Marchand / Herald and News)
• Was the Illinois Constitution’s Pensions Clause Meant to Be a Suicide Pact? Three Important Pieces of Historical Context (Elizabeth Bauer / Forbes)
• Ohio Pension System Asks Legislators to Freeze Cost-Of-Living Raises for Retirees (Anna Staver / Columbus Dispatch)
• Pension Crisis: Grassley, Alexander Seek to Tackle Forecasted Union Pension Collapse (Rick Manning / Tri County Sentry)
• Riverside County’s Unfunded Pension Debt Grows to $3.5 Billion (Jeff Horseman / Press-Enterprise)

January 14, 2020

• San Diego’s Pension Debt Climbs Past $3 Billion for First Time (video - KUSI-TV)
• Groups Work to Keep PBGC Fees From Being Piggybank (Brian Croce / Pensions & Investments)
• Riverside County’s Pension Liabilities Rise, Now Exceed $3.5 Billion (MyNewsLA.com)
• Paris Pension Protests Are Petering Out (column - Adam O'Neal / Wall Street Journal)
• Macron’s Climbdown on Pension Age Fails to End Strikes (Adam Sage / The Times)$$
• CalPERS Board’s Divestment Dilemmas (Sarah Rundell / top1000funds.com)
• Pension Plans Will Boost Hedge Fund Investments in 2020, Study Says (Larry Light / Chief Investment Officer)
• Macron Scraps Proposal to Raise Retirement Age in France (Adam Nossiter / New York Times)

January 13, 2020

• San Diego Pension Debt Climbs Past $3 Billion for First Time (David Garrick / San Diego Union-Tribune)
• California Governor’s Proposed Budget Is Here (David Crane / Fox & Hounds)
• Disgraced Congressman Hunter Will Likely Get $1.2 Million From His Federal Pension -- Despite His Felony Guilty Plea (Adam Andrzejewski / Forbes)
• Foolish California Bonds Put Taxpayers at Risk (op-ed - Jon Coupal / Orange County Register)

January 10, 2020

• Simi Valley Looking at $158.8 Million in Unfunded Pension Liability, Considering a $150 Million POB (Melissa Simon / The Acorn)
• She Says Her Pension Should Be Bigger. CalPERS Says She Was a Bad Boss (column - Wes Venteicher / Sacramento Bee)

January 9, 2020

• The Governor’s Budget Is Coming (David Crane / Fox & Hounds)
• Data on CalSavers' First 6 Months Released (John Iekel / American Society of Pension Professionals & Actuaries)
• West Contra Costa School District Putting a Half-Billion Bond Before Voters in March (Edward Ring / California Globe)
• What the Illinois Supreme Court Said About Pensions - And Why It Matters (Elizabeth Bauer / Forbes)

January 8, 2020

• Calpensions Wrap-Up: A Look Back at California's 'Crisis’ (blog - Ed Mendel / Calpensions)
• Risk of Pension Meltdown Grows as Congress Fails to Act (Mark Miller / MSN Money)
• Corporate Pensions See an Overall Investment Gain of 15.66% in 2019, But Funding Still Drops Due to Discount Rate Lows (press release - Milliman)
• US Musicians Are Told to Expect Lower Pensions (Norman Lebrecht / Slipped Disc)
• Arizona State Pension Is Headed for 'Complete Desperation,’ Research Group Warns (Steffan Navedo-Perez / Chief Investment Officer)
• With the Pension Tsunami Reaching Shore, California Can’t Afford Tens of Billions in New Spending (editorial - San Diego Union-Tribune)
• Sheriff’s Lt. Convicted in Illegal-Guns Case Retires, Could Have $11,600 Monthly Pension Reduced (Jeff McDonald / San Diego Union-Tribune)
• GOLDEN OLDIE: Police Pensions and Voodoo Actuarials (Steven Greenhut / New Geography)

January 7, 2020

• Sen. John Moorlach’s 2019 Financial Soundness Rankings for California’s 482 Cities (Katy Grimes / California Globe)
• Duncan Hunter Will Probably Get His Congressional Pension Despite Guilty Plea (Charles T. Clark & Morgan Cook / Los Angeles Times)
• New York City’s Unfunded OPEB Liability Surpasses $100 Billion (Marc Joffe / Reason Foundation)
• The Public Pension Funding Crisis and the First Law of Holes (Elizabeth Bauer / Forbes)
• California’s Long Track Record of Promises Made, But Not Kept (op-ed - Dan Walters / Daily Breeze)
• California’s Free Community College Plan Collides With Unfunded Liabilities (op-ed - Allan Wheeler / Orange County Register)

January 6, 2020

• Public Employee Strike Looms in Santa Clara County (Edward Ring / California Globe)
• Simi Valley Pension Obligation Bonds: A Risky Financing Maneuver Without a Public Vote (op-ed - David Grau / Ventura County Star)

January 4, 2020

• WEEKEND SPOTLIGHT: Communities Are the Winners of New Federal Law to Save Local Journalism (editorial - Seattle Times)

January 3, 2020

• Will California’s Politicians Make Better Choices This Year? (editorial - Orange County Register)
• State Pension Funds Adjust to 'New Normal’ of Lower Returns (Michael Katz / Chief Investment Officwe)
• Strong Returns Have Not Improved Funded Status for Corporate Pensions (Alicia McElhaney / Institutional Investor)

January 2, 2020

• Huntington Beach’s Pension Bond Proposal Feels Like Déjà Vu (John Moorlach & Shari Freidenrich / Daily Pilot)
• Do Public Pension Shortfalls Mean You’ll Face a Tax Hike? (Craig Eyermann / Independent Institute)
• Illinois Governor Pritzker Signs Pension Sweetener Bill Without Knowing the Cost (Adam Schuster / Illinois Policy)
• Report: A College Basketball or Football Coach Is the Highest-Paid Public Employee in 40 States (Aaron Mesh / Willamette Week)
• Congress Saves Coal Miner Pensions, But What About Others? (Mary Williams Walsh / New York Times)
• Rep. Hunter to Resign After Holidays: May Forfeit Congressional Pension (Miriam Raftery / East County Magazine)

January 1, 2020

• Happy New Year!

December 31, 2019

• How to Survive the Coming Retirement Crisis (Allison Schrager / Quartz)

December 30, 2019

• States Are Already Paying for Unfunded Pensions (Jonathon Platt / Chicago Booth Review)
• Congress Rushes to Bail Out Miners’ Pensions But Ignores Larger Retirement Crisis (Rebecca Rainey / Politico)
• New York Pols Keep Digging the State’s Pension Hole Deeper (editorial - New York Post)
• No Easy Answers to Solving Illinois State Pension Crisis, Attorney Who Fought Pension Reform Says (Karen Kidd / Cook County Record)

December 27, 2019

• Convicted or Charged, San Diego County Sheriff’s Employees Risk Loss of Pension Benefits (Jeff McDonald / San Diego Union-Tribune)
• What Happens to Your CalPERS Pension After a Divorce? It’s Complicated. (column - Wes Venteicher / Sacramento Bee)

December 26, 2019

• Why States Must Address Public Pension Reform Now, Before It's Too Late (op-ed - Keith Greinet & Seth Grove / Washington Times)
• Illinois Pension Debt Soars to $137 Billion (blog - Mike Shedlock / MishTalk)
• The Only Way Out of Our Multi-Employer Pension Crisis Is Through Bipartisan Compromise (editorial - Washington Post)
• Multiemployer Pension Bailout Activity (blog - John Bury / Burypensions)

December 24, 2019

• Here's to a Merry Christmas and a Very Happy and Prosperous New Year!
• Overtime on NY Pensions Could Cost Taxpayers Up to $54 Billion Over Decades: Study (Carl Campanile & Aaron Feis / New York Post)

December 23, 2019

• Is Vacaville, California on the Road to Bankruptcy? (op-ed - Danny Wells / Daily Republic)
• Climate Change Is Coming for California’s Pensions (editorial - San Francisco Chroncle)

December 22, 2019

• WEEKEND SPOTLIGHT: Public Pensions: An Economic Time Bomb (video - Joshua Rauh / PragerU)

December 20, 2019

• PBGC Report Reminds Manufacturers of the Coming Threat (Matthew Miklave / JD Supra)
• READ THE REPORT: PBGC Annual Report 2019 (pdf - Pension Benefit Guaranty Corporation)
• Angry French Pensioners Offer the World a Warning (Andreas Kluth / Bloomberg)
• These Southern California Inland Agencies Have the Highest Unfunded Pension Debt (Beau Yarbrough / Press-Enterprise)
• NEW ISSUE BRIEF: State Pension Funds Reduce Assumed Rates of Return (Pew Charitable Trusts)
• Year-End Spending Deal Includes Massive Taxpayer-Funded Bailout for Bankrupt Mine Workers Union Pension Fund (Mark Tapscott / The Epoch Times)
• Late Night Contract Talks Net 8% Raise for California State Hospital, Prison Workers (column - Wes Venteicher / Sacramento Bee)
• Threat to California’s Credit Grows From Troubled $1 Billion State Accounting Program (column - Wes Venteicher / Sacramento Bee)

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