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Welcome

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends. Now nearing the end of its 13th year, PensionTsunami.com was founded by and is edited by Jack Dean. (Contact: JackDean-at-PensionTsunami-dot-com or 916-644-0688 or @PensionTsunami)

Latest Newsclips     last updated August 21 1:26am PST

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

August 21, 2017

• FOR EARLY-BIRDS -- A Sneak Peek at Monday's Headlines:
• Trump’s Out, But CalPERS Steps Up on Climate (blog - Ed Mendel / Calpensions)
• Pensions of LA Works' Retirees Are Slashed; California Must Act (editorial - Whittier Daily News)

August 20, 2017

• WEEKEND SPOTLIGHT: Pension Woes a National Issue (editorial - The News-Gazette)

August 19, 2017

• WEEKEND SPOTLIGHT: Hartford, With Its Finances in Disarray, Veers Toward Bankruptcy (Rick Rojas & Mary Williams Walsh / New York Times)

August 18, 2017

• San Bernardino County, High Desert Not Immune From California Pension Crisis (editorial - Desert Dispatch)
• CalPERS' Divestment Policies Leave Californians Another Day Older and Deeper in Debt (editorial - Orange County Register)
• Orange County Employee Pension Fund (OCERS) Alleges Big Banks Are Costing Retirees Money (Andrew Khouri / Los Angeles Times)
• $1 Billion to New Jersey's Double-Dippers (blog - John Bury / Burypensions)
• Reductions in Fire, Police and Department of Correction Overtime Needed in New York City (Citizens Budget Commission)
• New Mexico Pension Managers Contemplate Benefit Reforms (Morgan Lee / Associated Press)
• Departing Superintendent of New Orleans' Sewerage & Water Board to Collect $119,116 Annually in Pension Payments (Danny Monteverde / WWL-TV)
• St. Joseph Health Services of Rhode Island Pension Fund Files for Bankruptcy (GoLocalProv)
• PENSION PULSE: Top Funds' Activity in Q2 2017 (blog - Leo Kolivakis)
• UNSUSTAINABLE: Chicago Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (Nancy Mathieson / WirePoints Illinois)
• UNSUSTAINABLE: New York City Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (op-ed - Nicole Gelinas / New York Post)
• UNSUSTAINABLE: Many Cook County Pension Funds Have More Retirees Collecting Than Workers Paying In (press release - Cook County Treasurer's Office)
• @PensionTsunami is on Twitter

August 17, 2017

• It Pays to Retire From a Public Sector Job in California (Sharon Reardon / KABC Radio News)
• CalPERS and the Smell of Dry Paint in the Morning (Danielle DiMartino Booth / Seeking Alpha)
• The Real Truth Behind the CalPERS Pension System (letter - Virgil M. Piper / Monterey Herald)
• California Sanitation District Awards Controversial Administrator Life-Time Benefits (Karen Velie / Cal Coast Times)
• Three in Five New Pensions for New York City Firefighters Exceed $100,000 (press release - Empire Center)
• Hazleton, Pennsylvania Mayor Can't Borrow From Pension Fund to Pay Employees (Fox 56)
• Philadelphia and Police Union Agree to 3-Year, $245 Million Contract; Pension Fund Is Funded at Only 45% (Chris Palmer & Claudia Vargas / Inquirer)
• End Pensions for Part-Time County Work (editorial - Chicago Tribune)
• New Jersey Gov. Christie May Not Like What Wall Street Just Said About His Plan to Ease Pension Pain (Samantha Marcus / NJ.com)
• PENSION PULSE: Companies Breaking Their Pension Promise? (blog - Leo Kolivakis)

August 16, 2017

• CalPERS Sees Better Return, But Not Out of the Woods (column - Dan Walters / CALmatters)
• For Port Hueneme California, Budget Situation Is Déjà Vu (Arlene Martinez / Ventura County Star)
• CalPERS CIO Ted Eliopoulos Handing Off Most of His Job Duties. So Why Isn’t He Taking a $500,000 Pay Cut? (Yves Smith / Naked Capitalism)
• Faulconer Lays Out Vision for 'New California Republicans' (Michael Smolens / San Diego Union-Tribune)
• Meet the New Boss. Same as the Old Boss. (David Crane / Fox & Hounds)
• Pension Progagandizing by NCPERS -- the National Conference of Public Employee Retirement Systems (blog - John Bury / Burypensions)
• NEW PENSION POLLYANNA REPORT: 'Public Pensions Are a Good Deal for Taxpayers' (pdf - National Conference on Public Employee Retirement System)
• Michigan's Retired State Employees Decry Pension Records Request (Justin A. Hinkley / Lansing State Journal)
• Illinois Stumbles Through Fog Towards New School Funding Formula (Mark Glennon / WirePoints)
• PENSION PULSE: CPPIB and Caisse's Performance Updates? (blog - Leo Kolivakis)

August 15, 2017

• From Well-Funded Pensions to Basket Case, San Francisco’s Voters Are to Blame (Steven Greenhut & David Schwartzman / California Policy Center)
• The Impact of Transparency (blog - Robert Fellner / Transparent California)
• CalPERS $100,000 Pension Club Up 63% Since 2012, Watchdog Says (Chris Butera / Chief Investment Officer)
• Can an Investment Pro Persuade California's State Workers to Let Him Manage Their CalPERS Pensions? (column - Adam Ashton / Sacramento Bee)
• Mayor of Hazelton, Pennsylvania Proposes Moving $1 Million From City's Pension Fund to Meet Payroll (Associated Press)
• Cook County Soda Tax: Somebody Please Make It Stop (blog - Mary Pat Campbell / STUMP)
• Audit Finds Baton Rouge Police Pension 'Significantly Underfunded' (Steve Hardy / The Advocate)

August 14, 2017

• 861 Santa Clara County Retired Public Employees Get Pensions of More Than $100,000 Annually (Patrick May / Mercury News)
• California Taxpayers Pay a High Cost for Public Employee Pensions (editorial - Santa Cruz Sentinel)
• Should CalSTRS Join the University of California in Offering 401(k) Option? (blog - Ed Mendel / Calpensions)
• Los Angeles' 'Virtual Bankruptcy' Equals 'Service Insolvency' (Paul Hatfield / CityWatch LA)
• Riverside Officials Knew Since 2015 About Soaring Overtime That Exceeded Some Utility Workers’ Regular Pay (Alicia Robinson / Press-Enterprise)
• High Taxes, Low Services? It's Illinois' Pension Albatross (commentary - Jim Nowlan / Dispatch-Argus)
• Illinois Senate Bill 1 and the State Budget: What's This About Pension Funding? (blog - Mary Pat Campbell / STUMP)
• Marysville, Michigan Officials Confident City Can Build New City Hall, Fund Pensions (Jim Bloch / The Voice)
• Probe Cranston, Rhode Island's Disability Pensions (editorial - Providence Journal)
• New Jersey Media Watching Itself (blog - John Bury / Burypensions)
• Are Louisiana Lawmakers Worth What We Pay Them? (column - Jeremy Alford / Livingston Parish News)
• PENSION PULSE: Beware of the Hyperthyroid Market? (blog - Leo Kolivakis)

August 13, 2017

• WEEKEND SPOTLIGHT: California Taxpayers' Pay High Cost for Public Employee Pensions (editorial - Santa Cruz Sentinel)

August 12, 2017

• WEEKEND SPOTLIGHT: Los Angeles' 'Virtual Bankruptcy' Equals 'Service Insolvency' (Paul Hatfield / CityWatch LA)

August 11, 2017

• Bull? Stocks Can't Stave Off California Pension Crisis Forever (Teri Sforza / Orange County Register)
• City of Santa Monica on Top List of Biggest Public Pensions in California (Niki Cervantes / Santa Monica Lookout)
• California Public Employee Pensions Capture Media Headlines (Bethany Klein / Northern California News)
• Simi Valley Police Officers Forgo Pay Hikes for Four Years (Melissa Simon / Simi Valley Acorn)
• A Pair of Proposed Petaluma Tax Increases Would Help With Skyrocketing Costs of Employee Pensions (editorial - Argus-Courier)
• Tiny California Towns and the Tangled Problem of Public Pensions (letter - Sen. John Moorlach / Los Angeles Times)
• CalPERS Is Having an Election - and What You and I Can Do About It! (Tony Butka / CityWatch LA)
• Garbage Workers Are Killed on the Job More Often Than Police or Firefighters (Daniel C. Vock / Governing)
• One Good Investment Year Isn't Enough to Fix Struggling Pension Systems' Problems (Liz Farmer / Governing)
• Is California Cracking Up? (Victor Davis Hanson / Investor's Business Daily)
• California's High-Speed Rail Gets Us Stuck in Traffic (David Schwartzman / CityWatch LA)
• Illinois Pension Cost Shift Could Bring 'Financial Ruin' to Local School Districts (Chris Kaergard / Journal Star)
• Underfunded Pennsylvania Pension Fund Must Do Better, Says State Auditor (Paul Burton / The Bond Buyer)$$
• Postal Service May Default on Retiree Health, Pension Benefits (Hope Yen / Associated Press)
• Retirement Crisis: In the Private Sector, It's as Simple as Not Saving Enough (Seeking Alpha)

August 10, 2017

• More CalPERS Retirees Are Getting $100,000 Pensions, According to a New Report (Jeff Horseman / Press-Enterprise)
• CalPERS 2016 Data Shows '$100,000 Pension Club' Has Grown to Nearly 23,000 -- a 63% Increase Since 2012 (release - Transparent California)
• CalPERS Paid Over $20 Billion in Pension Benefits to Retirees in 2016 (Jermaine Ong / KGTV San Diego)
• Former Solano County Administrator Tops CalPERS Statewide Pension List -- Again (Ryan McCarthy / Daily Republic)
• Orange County Cities Dominate When It Comes to Paying Retirees More Than $100,000 a Year (Tomoya Shimura & Jeff Horseman / Orange County Register)
• Here's How Former Employees in Long Beach Made $100,000 or More in Pensions Last Year (Andrew Edwards / Press-Telegram)
• 10 Percent of Pasadena's Retirees Make $100,000 or More in Annual Pensions (Jeff Horseman / Press-Enterprise)
• Torrance, California Ranks in State's Top 10 Cities With Retirees Receiving Pensions of More Than $100,000 a Year (Nick Green / Daily Breeze)
• Some Central Valley Public Employee Retirees Among Highest Paid by CalPERS (Central Valley Business Times)$$
• Looming Liability: Pension Costs Remain Long-Term Challenge for Thousand Oaks (Becca Whitnall / Thousand Oaks Acorn)
• CalPERS’ Divestment Goals in Crosshairs as Coal Stocks Soar (Steven Greenhut / Fox & Hounds)
• Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues (Chris Butera / Chief Investment Officer)
• Kentucky's Budget Woes Need Revenue Not Miracles (editorial - Lexington Herald-Leader)
• Houston's Pension Reform Helps Spike Police Retirements (Mike Morris / Houston Chronicle)
• Cook County Soda Tax: The Current Mess (blog - Mary Pat Campbell / STUMP)
• This $5 Trillion Time Bomb Will Devastate Americans (newsletter - Nick Giambruno / Casey Research)
• EDITORIAL CARTOON: Illinois Debt (Ben Garrison / Casey Research)
• It Was a Great Year for America’s Pensions, But Many Are Still in Crisis (Heather Gillers / Wall Street Journal)$$
• Corporate Pension and Benefits Funding Picture Gets Worse (Amey Stone / Barron's)
• Teamsters Making Progress to Save Pensions (WBAY-TV)
• Will Massachusetts Break Its Pension Promises? (Evan Horowitz / Boston Globe)

August 9, 2017

• Same Old Story as Loyalton's Woes Echo Growing Pension Crisis (Steven Greenhut / California Policy Center)
• Loyalton's Pension Default Is a Wake Up Call (op-ed - Chuck Reed / San Diego Union-Tribune)
• Retirees' Nightmare: Slashed Pensions -- Tough Times After CalPERS Cuts Pension Benefits (Marlene Y. Satter / BenefitsPro)
• CalPERS Slashes Pensions 60% for Hundreds of Retirees (Tim Donnelly / Breitbart California)
• Forced Coal Divestment Robs California Pension Fund of Revenue (Scott Shackford / Reason)
• With New Pension Contract, Palo Alto Takes Aim at Growing Problem (Gennady Sheyner / Palo Alto Weekly)
• Public Pensions Up 12.4% Return Most in 3 Years as Equities Soar (Martin Z. Braun / Bloomberg)
• Cook County Soda Tax, Chicago Pension Funding, and More (blog - Mary Pat Campbell / STUMP)
• These Five Retirement Issues Brought Out the Lobbyists (Madison Alder & Jasmine Ye Han / Bloomberg BNA)
• Is Covering Fake News Real News? (blog - John Bury / Burypensions)
• PENSION PULSE: When Will the Tech Bubble Burst? (blog - Leo Kolivakis)

August 8, 2017

• University of California Dodging Public Pension Contributions by Borrowing the Money (Chriss W. Street / Breitbart California)
• California Continues to Abandon UC and CSU (David Crane / Medium)
• CalPERS Divests From Coal as Industry Rebounds (Adam Ashton / Sacramento Bee)
• GOLDEN OLDIE: Police Union Official Blasts Push for CalPERS Divestment (video - Adam Ashton / Sacramento Bee)
• The Virtual Bankruptcy of Los Angeles (blog - Paul Hatfield / Village to Village)
• Asset Grab Bag: Whistleblower Award for Blogger, Private Equity Fees and Returns, and More (blog - Mary Pat Campbell / STUMP)
• PENSION PULSE: The Mystery of Inflation Deflation? (blog - Leo Kolivakis)

August 7, 2017

• California Supreme Court Case on San Diego Pension Reforms Will Impact Cities and Counties Across State (op-ed - Marc Joffe / Orange County Register)
• University of California Leads on Pension Loans; Are 401(k) Plans Next? (blog - Ed Mendel / Calpensions)
• Who's Looking Out for the Taxpayer? (column - David Little / Chico Enterprise-Record)
• The Tiny Sierra Valley Town of Loyalton Voted to Pull Out of CalPERS. Now Retirees Are Seeing Their Pensions Slashed (Phil Willon / Los Angeles Times)
• Loyalton: The Microcosm of California (blog - Paul Hatfield / Village to Village)
• PENSION AMOUNTS for the Retirees of the City of Loyalton (Transparent California)
• Market Can't Hide Pension Issues; CalPERS Is Only 65% Funded (op-ed - Steven Greenhut / Simi Valley Acorn)
• What Happened After CalPERS Cut Pensions of Former San Gabriel Valley Agency Employees (Stephanie K. Baer / San Gabriel Valley Tribune)
• PENSION AMOUNTS for the 44 Retirees of the East San Gabriel Valley Human Services Consortium (Transparent California)
• The Rising Cost of Public Pension Frustration (editorial - Marin Independent Journal)
• Going for Broke — Can Los Angeles Afford to Host the Olympics? (John Calvin / The American Spectator)
• GOLDEN OLDIE: Los Angeles' Pension Problem Is Sinking the City (Scott Beyer / Forbes)
• Public Pension Assets: It's Not Your Money to Play With, Pension Trustees (blog - Mary Pat Campbell / STUMP)
• New York's Soaring Pension Bills (editorial - New York Post)
• Chicago Public Schools’ Latest $500 Million Borrowing: More Evidence It Doesn’t Deserve a Bailout (Ted Dabrowski & John Klingner / Illinois Policy)
• Traverse County Commissioners Approve Pension Trust, But Don't Fund It (Matt Troutman / Record-Eagle)
• Providence Settles Lawsuit With Firefighter Facing Child Solicitation Charge (Dan McGowan & Walt Buteau / WPRI-TV)
• Public Pension Returns Barely Broke Even in Fiscal Year 2016 (Rebecca Spalding / Bloomberg)
• What Ponzi Scheme? Public Pensions Average 0.6% Return in 2016 Despite 7.6% Assumption (Tyler Durden / Zero Hedge)
• New York State Teamsters Conference Pension Fund Gets MPRA Letter (blog - John Bury / Burypensions)
• New York State Teamsters Conference Fund Gets OK to Lower Pension Benefits (Rob Kozlowski / Pensions & Investments)
• Puerto Rico to Furlough Workers, Proposes Pension Plan Reform (Daniel Bases / Reuters)
• PENSION PULSE: America's Corporate Pension Disaster? (blog - Leo Kolivakis)

August 6, 2017

• WEEKEND SPOTLIGHTS:
• The Tiny Sierra Valley Town of Loyalton Voted to Pull Out of CalPERS. Now Retirees Are Seeing Their Pensions Slashed (Phil Willon / Los Angeles Times)
• Loyalton: The Microcosm of California (blog - Paul Hatfield / Village to Village)
• What Ponzi Scheme? Public Pensions Average 0.6% Return in 2016 Despite 7.6% Assumption (Tyler Durden / Zero Hedge)

August 5, 2017

• WEEKEND SPOTLIGHTS:
• California Supreme Court Case on San Diego Pension Reforms Will Impact Cities and Counties Across State (op-ed - Marc Joffe / Orange County Register)
• Public Pension Returns Barely Broke Even in Fiscal Year 2016 (Rebecca Spalding / Bloomberg)

August 4, 2017

• LA's Retirement Costs Poised to Jump Significantly, Consuming Funds That Would Otherwise Pay for City Services (David Zahniser / Los Angeles Times)
• GRAPHIC: Los Angeles' Growing Public Pension Costs (Los Angeles Times)
• Chico, California's City Council Faces a Sobering Reality as Employee Retirement Costs Shoot Through the Roof (Howard Hardee / News Review)
• Public Pension Assets: Divestments for Everybody! (blog - Mary Pat Campbell / STUMP)
• Chicago Pension Bills Soar as City Pays Up to Keep Funds Solvent (Elizabeth Campbell / Bloomberg)
• New State Lawmaker Curran Won't Get Third Pension (Robert Sanchez / Daily Herald)
• Illinois Judge: Taxpayers Shouldn't Pay for Union Lobbyist's Inflated Pension (Cole Lauterbach / Illinois News Network)
• Number of Six-Figure Public Pensioners in New York State Is Rising (Rick Karlin / Times Union)
• A New Era Begins: Dallas Mayor Intends to Appoint Six Businessmen to Police and Fire Pension Board (Tristan Hallman / Dallas Morning News)
• Kentucky Legislators Cite Need for Pension Reform (David Zoeller / Paducah Sun)$$
• Baltimore County Councilwoman Wants to End Enhanced Pension Benefits (Pamela Wood / Baltimore Sun)
• Mohave County Pension Contributions Set to Increase (David Louis / News Herald)
• No Agreement Yet on Terre Haute, Indiana Police Pension Fund Ordinance (Dave Taylor / Tribune-Star)
• Multiemployer Pension Fund to Hit $80 Billion Deficit by 2026, Says PBGC (Tatyana Shumsky / Wall Street Journal)$$
• 2025 Insolvency for PBGC Multiemployer Program (blog - John Bury / Burypensions)
• How America's Largest S&P 500 Companies Dug a $375 Billion Pension Hole (Sonali Basak, Katherine Chiglinsky & Brandon Kochkodin / Bloomberg)
• PENSION PULSE: CPPIB Shaking Things Up? (blog - Leo Kolivakis)

August 3, 2017

• California Pension Reform Won't Come From Government Employees (editorial - Chico Enterprise-Record)
• Brewing Tax Hikes May Test Marin Voters' Generous Spirit (column - Dick Spotswood / Marin Independent Journal)
• Redding, California Begins 'Great Effort' to Curb Pension Costs With Mandatory Kick-Ins for Top Brass (Sean Longoria / Record Searchlight)
• Costa Mesa Approves Raises for Upper-Level Fire Employees (Louis Casiano Jr. / Orange County Register)
• California Politicians Lured by Easy Money, But Somebody Must Eventually Pay (column - Dan Walters / Fresno Bee)
• Public Pension Assets: Our Funds Were in Alternatives, and All We Got Were These Lousy High Fees (blog - Mary Pat Campbell / STUMP)
• Guam's Debt Burden of $13,709 for Every Person May Now Be One of the Highest in the Nation (Marianas Variety)
• NEW BRIEF: State and Local Pension Plan Funding Sputters in FY 2016 (Center for Retirement Research)
• Some Company DB Plans Are Changing Accounting Measures (PlanSponsor)
• PENSION PULSE: Is the Maestro Wrong on Bonds? (blog - Leo Kolivakis)

August 2, 2017

• City Pension Plan's $120 Million Unfunded Liability Looms Over Chico, California (Ashiah Scharaga / Enterprise-Record)
• Pension Ruling a Setback for San Diego City Hall (editorial - San Diego Union-Tribune)
• Money-Manager Purge Boosts University of California's Return (Michael McDonald / Bloomberg)
• Redding, California's City Council May Make Top Employees Kick More in for Their Pensions (Sean Longoria / Record Searchlight)
• Return of the New Jersey Retiree (blog - John Bury / Burypensions)
• Oregon Continues to Be Unrealistic About Its Public Employee Pension Fund (editorial - Bend Bulletin)
• Watch Out Illinois: Missouri Cuts Taxes, Reforms Pensions, Takes First Significant Policy Steps Towards Growth (Rex Sinquefield / Forbes)
• Legal or Not, States Forge Ahead With 401(k)-For-Everyone Plans (Liz Farmer / Governing)
• Teamsters Shift From Fighting Pension Cuts to Finding a Resolution (Jeff Bollier / USA Today)
• Older Americans Aren't as Poor as We Thought (Ben Steverman / Bloomberg)
• GRAPH: The Rise of the 401(k) and the Demise of the Pension (Bloomberg)

August 1, 2017

• $2 Billion Pension Fund Shortfall to Impact Thousands of City Workers in Fort Worth, Texas (Joel Thomas / CBS Dallas/Fort Worth)
• Los Angeles Faces City Services Bankruptcy: Where Did the Money Go? (Jack Humphreville / CityWatch LA)
• Sierra Madre, California's Employee Pension Obligation Numbers Are Impressively Large (blog - Sierra Madre Tattler)
• Long Beach Expects Surplus, But Takes Riskier Approach With 2018 Budget (Courtney Tompkins / Press Telegram)
• San Jose Cops Who Left Amid Pension Turmoil Eyeing Return (Robert Salonga / Mercury News)
• One Chart Shows the Awful Fiscal Trajectory of the Chicago Area and Illinois (Mark Glennon / WirePoints)
• Pension Assets: Investment Returns Are in for FY 2017 and They're GREAT! (blog - Mary Pat Campbell / STUMP)
• Puerto Rico Is the Canary in the Caribbean Coal Mine (op-ed - Rep. Sheryl Williams Stapleton / Caribbean News Now)
• What’s Land Got to Do With It: Local Government Solvency and Pension Finance (Karl Smith / Niskanen Center)
• Good News: 401(k) Participation Is on the Rise (Maurie Backman / The Motley Fool)

July 31, 2017

• California's Public Pensions Are Its $206 Billion Elephant in the Room (op-ed - Steve Westly / Mercury News)
• Court Review of San Diego Pension Cuts to Focus on Labor's Chief Complaint (David Garrick / San Diego Union-Tribune)
• Facing Large Bills, California's Public Agencies Work to Rein in Retiree Health Costs (Arlene Martinez / Ventura County Star)
• Chico's Increasing Contributions to CalPERS Called a Time Bomb by Council Member (Ashiah Scharaga / Chico Enterprise-Record)
• Chico Needs Fiscal Discipline, Not Another Tax (letter - Oroville Mercury Register)
• In Birth of New 'Secure Choice' State Savings Program, What's in a Name? (blog - Ed Mendel / Calpensions)
• What Happened to Retirement Security? (op-ed - Mark Sievers / Daily Republic)
• Why Connecticut Is Collapsing (Aaron Short / The Daily Beast)
• Wizards of Lies in New Jersey Too (blog - John Bury / Burypensions)
• Solve Arizona's Long-Term Pension Issues Before Taxing Public (Cindy Barks / Daily Courier)
• Kentucky Must Honor Its Pension Obligations (op-ed - Dion Henry / Herald-Leader)
• Trump Administration Ends Low-Income Retirement Savings Plan Called myRA (Paul Davidson / USA Today)
• Treasury Wrongly Ends Federal myRA Plan to Help Private Sector Save for Retirement (editorial - San Francisco Chronicle)
• PENSION PULSE: The Silence of the VIX? (blog - Leo Kolivakis)

July 30, 2017

• WEEKEND SPOTLIGHT: Facing Large Bills, California's Public Agencies Work to Rein in Retiree Health Costs (Arlene Martinez / Ventura County Star)

July 29, 2017

• WEEKEND SPOTLIGHT: Court Review of San Diego Pension Cuts to Focus on Labor's Chief Complaint (David Garrick / San Diego Union-Tribune)

July 28, 2017

• California Supreme Court Takes Up Appeal Challenging San Diego Pension Cutbacks (David Garrick / San Diego Union-Tribune)
• Ballot Measure to Reform San Diego's Pension System Reaches California Supreme Court (Debbie L. Sklar / Times of San Diego)
• San Diego Pension Reform Headed for California Supreme Court (Andrew Bowen / KPBS)
• California Supreme Court Takes Up San Diego's Pension Reform Dispute (CBS 8)
• Petaluma, California Explores New Tax Measures (Hannah Beausang / Argus-Courier)
• CalPERS: Investments Up, Governance Down … for the Count (Tony Butka / CityWatch LA)
• CalPERS Ups Transparency (Simon Hoyle / Top 1000 Funds)
• Marin County Pension Fund Posts 11.8% Return (Richard Halstead / Marin Independent Journal)
• Los Angeles Pension Fund Audit Calls Again for Consolidation (Arleen Jacobius / Pensions & Investments)
• Bond Rating Agency Report Says Chicago Will Need $1.3 Billion More for Pensions by 2023 (column - Hal Dardick / Chicago Tribune)
• Ambulances Are Gone in Mattoon, Illinois After Pension Costs Crowd Out Services (Cole Lauterbach / Illinois News Network)
• Mounting Tax Burden Called No Match for Soaring Pension Debt in Illinois (West Cook News)
• Illinois Judge Denies Windfall to Teachers Union Lobbyist Who Was Substitute for One Day (Ray Long / Chicago Tribune)
• Retired Illinois Lobbyist May Appeal Sangamon County Judge’s Pension Ruling (Bernard Schoenburg / State Journal-Register)
• Michigan Governor Signs Teacher Pension Reform; Bill Creates a New 401(k)-Style Defined Contribution Plan (Rebecca Moore / PlanSponsor)
• Maryland's Pension System Investments Earned 10% in FY '17, But Long Term Returns Still Lag (Len Lazarick / Maryland Reporter)
• Alaska's Pension Woes Sound Familiar (column - Bob Hunter / Mail Tribune)
• Who Will Go Broke? (column - Pat Heller / Numismatic News)
• Social Security's Bleak Future Is Inevitable (StreetAuthority / Nasdaq)
• PENSION PULSE: La Caisse's Big Stake in Wind Power? (blog - Leo Kolivakis)

July 27, 2017

• How Did a California Special Agent Take Home Almost $695,000 Last Year? (Jim Miller / Sacramento Bee)
• Something Big, Bad and Ugly Is Taking Place in the US Retirement Market (SRSrocco Report)
• Why Illinois Is in Trouble: 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10 Billion (Adam Andrzejewski / Forbes)
• Connecticut an Outlier on Pensions (editorial - Hartford Courant)
• Congrats to Keith Phaneuf, 8-Time 80% Funding Hall of Shame Member! (blog - Mary Pat Campbell / STUMP)
• Arizona Judges' Pensions Are Bleeding Us Dry (op-ed - Laurie Roberts / The Republic)
• Rhode Island Pension Fund Returns 11.6% for Fiscal Year (James Comtois / Pensions & Investments)
• Looming Vote on Key Rate Will Set Oregon Pension Fund's Direction (Ted Sickinger / The Oregonian)
• A Multipronged Approach Is Right Course on Oregon Pension Reform (editorial - Daily Astorian)
• MBTA Pension Fund Recognizes $200 Million Liability (Iliya Atanasov / LinkedIn)
• Boeing Boosts Pension Fund by $3.5 Billion (Michael Katz / Chief Investment Officer)

July 26, 2017

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

July 25, 2017

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

July 24, 2017

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

July 23, 2017

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

July 22, 2017

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

July 21, 2017

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

July 20, 2017

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

July 19, 2017

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

July 18, 2017

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

July 17, 2017

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

July 16, 2017

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

July 15, 2017

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

July 14, 2017

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

July 13, 2017

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

July 12, 2017

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

July 11, 2017

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

July 10, 2017

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

July 9, 2017

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

July 8, 2017

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

July 7, 2017

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

July 6, 2017

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

July 5, 2017

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

July 4, 2017

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

July 3, 2017

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

July 2, 2017

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

July 1, 2017

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

June 30, 2017

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

June 29, 2017

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

June 28, 2017

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

June 27, 2017

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

June 26, 2017

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

June 25, 2017

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

June 24, 2017

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

June 23, 2017

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

June 22, 2017

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

June 21, 2017

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

June 20, 2017

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

June 19, 2017

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

June 18, 2017

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

June 17, 2017

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

June 16, 2017

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

June 15, 2017

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

June 14, 2017

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

June 13, 2017

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

June 12, 2017

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

June 11, 2017

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

June 10, 2017

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

June 9, 2017

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

June 8, 2017

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

June 7, 2017

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

June 6, 2017

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

June 5, 2017

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

June 4, 2017

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

June 3, 2017

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

June 2, 2017

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

June 1, 2017

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

May 31, 2017

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

May 30, 2017

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

May 29, 2017

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

May 28, 2017

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

May 27, 2017

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

May 26, 2017

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

May 25, 2017

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

May 24, 2017

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

May 23, 2017

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

May 22, 2017

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

May 21, 2017

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

May 20, 2017

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

May 19, 2017

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

May 18, 2017

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

May 17, 2017

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

May 16, 2017

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

May 15, 2017

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

May 14, 2017

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

May 13, 2017

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

May 12, 2017

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

May 11, 2017

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

May 10, 2017

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

May 9, 2017

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

May 8, 2017

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

May 7, 2017

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

May 6, 2017

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

May 5, 2017

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

May 4, 2017

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

May 3, 2017

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

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