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Welcome

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other state pension funds, corporate pensions, milti-employer pension funds, social security and international trends. Now finishing its 16th year, PensionTsunami was founded by and is edited by Jack Dean. (Contact: JackDean-at-PensionTsunami-dot-com or 916-644-0688 or @PensionTsunami)

Latest Newsclips     last updated August 14 11:41am PST

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

August 14, 2020

• As of 4:40 AM (Pacific Time):
• Sacramento Pension Spin (David Crane / Fox & Hounds)
• Paying Off Unfunded Pension Liabilities Will Be a Low Priority After Covid-19 (Alicia H. Munnell / MarketWatch)

August 13, 2020

• CTA Employees Have a Pension Plan Twice as Good as the Teachers They Represent (Edward Ring / California Globe)
• Pay and Benefits Total Nearly $500,000 for San Bernardino’s Acting Police Chief (Brian Whitehead / San Bernardino Sun)

August 12, 2020

• California’s Immense Public Employee Pension Dilemma (Dan Walters / CALmatters)
• Pension Funds Explore Ramifications of Court Decision on 'California Rule’ (Arleen Jacobius / Pensions & Investments)
• California State Controller Asks CalPERS to Investigate CIO's Exit (Reuters)

August 11, 2020

• State Supreme Court Relaxes 'California Rule’ Standard (Arleen Jacobius / Pensions & Investments)

August 10, 2020

• California Supreme Court Ruling Ends the Pension-Reform Game -- for Now (column - Steven Greenhut / Orange County Register)
• Will Trump’s Payroll Tax Cut End Social Security as We Know It? Let’s Hope So. (Elizabeth Bauer / Forbes)
• CalPERS CIO's Mysterious Exit Preceded by Months of Torment (Erik Schatzker / The Malaysian Reserve)
• California Supreme Court Curtails Pension Abuse by Law Enforcement Officers, Others (Lawrence J. McQuillan / Independent Institute)

August 7, 2020

• Chinese-Born Yu Meng, Who Invested CalPERS Funds in Blacklisted Chinese Military Suppliers, Suddenly Resigns (Jennifer Van Laar / Red State)
• Update: CalPERS Chief’s Abrupt Resignation Preceded by Conflict of Interest Questions (column - Wes Venteicher / Sacramento Bee)

August 6, 2020

• CalPERS Chief Investment Officer Resigns Following Our Exposing His False Financial Disclosure Filings (Yves Smith / Naked Capitalism)
• CalPERS Chief Investment Officer Ben Meng Abruptly Resigns After Less Than 2 Years in Job (column - Wes Venteicher / Sacramento Bee)
• CalPERS Chief Investment Officer Yu (Ben) Meng Resigns (press release - California Public Employees' Retirement System)

August 5, 2020

• California Supreme Court Upholds Pension Reform Changes as Constitutional (Hanson Bridgett LLP / JD Supra)
• Relief Is Not in Sight for Texas’ Underfunded Public Pension Plans (Scott Burns / Dallas Morning News)

August 4, 2020

• Beleaguered Public Pension Funds Make Record Gains in Second Quarter (Heather Gillers / Wall Street Journal)$$

August 3, 2020

• States Pull Back on Pension Payments as Virus Ravages Revenue (Martin Braun / Advisor Perspectives)
• California Supreme Court Rules Against Pension Spiking (Chriss Street / American Thinker)
• Can States Afford Rising Public Pension Debts? (blog - Leo Kolivakis / Pension Pulse)

July 31, 2020

• Next Covid Casualty: Cities Hit Hard by the Pandemic Face Bankruptcy (Mark Davidson & Kevin Ward / The Conversation)
• 'Pension Spiking’ Is Not Protected by California Law, Top Court Rules (Maura Dolan / Los Angeles Times)
• Court Bans 'Abusive' Spiking, But Sticks With Pension Protections (Ben Christopher / CALmatters)
• California Supreme Court Forbids Pension Spiking, But Upholds Other Retirement Protections (column - Wes Venteicher / Sacramento Bee)
• California Supreme Court Upholds 2013 Pension Reform Act (Robert Fellner / Transparent California)
• READ THE RULING on Public Employee Pension Spiking (pdf - Supreme Court of California)
• Newport Beach Union’s Misguided Lawsuit (editorial - Orange County Register)

July 30, 2020

• BREAKING: Local Governments Can Crack Down on Pension Spiking, California Supreme Court Rules (Teri Sforza / Orange County Register)
• California Supreme Court: 'California Rule' Remains, But Pension Claims of Employees and Unions Still Rejected (Messing Adam & Jasmine)
• CalPERS, Corruption and Cronyism (Kerry Jackson / Fox & Hounds)
• Can States Afford Rising Public Pension Debts? (Andrew Biggs / Forbes)
• Big Investors Like Pension Funds Could Be Facing a 'Triple Whammy’ of Risks, Says JPMorgan (CNBC)
• The Big Risks and Potential Rewards in CalPERS’ New Investment Strategy (Ryan Frost & Leonard Gilroy / Orange County Register)
• Policy Analysts: Arizona in Need of Pension Reform (Kimberly James / The Center Square)
• The US Should Look to Canada to Reform Its Public Pension System (Ingo Walter & Clive Lipshitz / The Hill)
• Pension Help Could Be on the Way, if We Choose It (op-ed - Elizabeth Bauer / Chicago Tribune)

July 29, 2020

• West Covina Issues $204 million in New Bonds to Pay Unfunded Pensions (Pierce Singgih / San Gabriel Valley Tribune)
• Congress Must Address Underfunded Pensions Before It’s Too Late (Peter Roff / The Ledger)
• How Much Do California’s County Workers Make? (Edward Ring / California Globe)
• Teachers Unions Want Wealth Taxes, Charter School Bans, and Medicare-For-All Before Schools Can Reopen (Eric Boehm / Reason)

July 28, 2020

• CalPERS Got 10,000 Calls About Retirement as California Leaders Talked About Pay Cuts (column - Wes Venteicher / Sacramento Bee)

July 27, 2020

• A Potential Deal for State Pension Reform (Andrew Biggs & Sheila Weinberg / Forbes)

July 24, 2020

• How Much Do California’s City Workers Make? (Edward Ring / California Globe)
• State and Local Government Defined Benefit Pension Plans by State (Bureau of Economic Analysis)

July 23, 2020

• Puerto Rico Governor Seeks Referendum on Pension Payments (Jim Wyss / Bloomberg)
• Supreme Court Upholds Puerto Rico Oversight Board Status (Hazel Bradford / Pensions & Investments)

July 22, 2020

• $3 Million for L.A. Firefighter, as Overtime Pay Soars 110% Since 2013 (Robert Fellner / Transparent California)
• These Pension Plans Are in Crisis. Retirees Need a Fix, Now. (op-ed - Rob Portman / Barron's)
• Bricklayers’ Pension Plan Retirees Face Steep Cuts This Fall (Jim Mackinnon / Beacon Journal)

July 21, 2020

• Congressional Leaders Receive at Least $1 Million in Pension Payouts Paid for by Taxpayers (Bethany Blankley / The Center Square)
• CalSTRS Falls Short of Investment Target After Coronavirus Downturn (column - Mackenzie Hawkins / Sacramento Bee)
• CalSTRS Returns 3.9% for Fiscal Year (Rob Kozlowski / Pensions & Investments)

July 20, 2020

• If CalPERS Implodes, Does Governor Newsom Take the Hit? (Tony Butka / CityWatch LA)
• As Pensions Sink, CalPERS Gets Risky (editorial - Orange County Register)
• Rhode Island Lawmakers Vote to Broaden Disability Pensions for Firefighters (Katherine Gregg & Patrick Anderson / Providence Journal)
• Too Many Managers? During Negotiations, Union Alleges City Is Top-Heavy ( Gennady Sheyner / Palo Alto Weekly)

July 17, 2020

• Public Pensions Face a COVID-19 Conundrum (Michael Katz / Pensions & Investments)

July 16, 2020

• Pasadena City Manager Concerned About CalPERS' Investment Strategy (André Coleman / Pasadena Now)
• CalPERS' Investment Returns Fail to Meet Goal for Second Straight Year (Mark Anderson / Sacramento Business Journal)
• CalPERS Posts 4.7% Fiscal-Year Return (Arleen Jacobius / Pensions & Investments)

July 15, 2020

• CalPERS Reports Preliminary 4.7% Investment Return for Fiscal Year 2019-20 (press release - CalPERS)
• CalPERS Misses Annual Investment Return Target After Coronavirus Sinks Markets (column - Wes Venteicher / Sacramento Bee)
• Public Pensions May Rethink Vacation Payouts After Court Ruling (Lydia Wheeler / Bloomberg Law)
• Moody’s: Public Pension Plans Likely to See Flat Returns for Fiscal Year (James Comtois / Pensions & Investments)
• Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects (Yves Smith / Naked Capitalism)
• Market Decline Worsens the Outlook for Public Pension Plans (Jean-Pierre Aubry, Alicia H. Munnell & Kevin Wandrei / Public Plans Data)
• Social Security's Funding Crisis Has Arrived (Gary Shilling / Newsmax)

July 14, 2020

• Public Pension Funds in an Era of Low Rates and COVID-19 (David Wessel / Brookings)

July 13, 2020

• California Politicians Are Looking for Ways to Deal With the $1 Trillion Pension Tsunami That Is Engulfing Their Budgets (Andy Caldwell / News-Press)

July 10, 2020

• Pew Report Explores 50-State Pension Funding Gap in 2018 (blog - Tatiana Follett / National Conference of State Legislatures)
• Public Pensions Update: How Are the Bottom Four Responding to the Corona-Cession? (Elizabeth Bauer / Forbes)
• Beware a $12 Trillion Pension Revolt Against Low Rates (Brian Chappatta / Bloomberg)
• Public Pensions Are at Risk of Insolvency, but COVID-19 Is Not to Blame (op-ed - Adam Schuster / Chicago Tribune)
• For Pension Funds, Valuing Real Estate Is Tough. COVID-19 Brings New Hurdles (Heather Gillers & Dawn Lim / Wall Street Journal)$$
• Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast (Yves Smith / Naked Capitalism)
• West Covina Will Pay Off Unfunded Pensions With $205 Million in Bond Debt (Pierce Singgih / San Gabriel Valley Tribune)
• Rhode Island Legislative Committees Approve Firefighter Pension Bills (Katherine Gregg / Providence Journal)
• NYPD Faces Wave of Officer Retirements Amid Calls to Defund Police Department (Rocco Parascandola / New York Daily News)
• CalPERS Plans to Blow Its Brains Out (Yves Smith / Naked Capitalism)
• Clout of Minneapolis Police Union Boss Reflects National Trend (Douglas Belkin, Chris Maher & Deanna Paul / Wall Street Journal)$$

July 9, 2020

• Will Public Pensions In Illinois -- and Elsewhere -- Crash? Here’s What Will Make The Difference (Elizabeth Bauer / Forbes)
• Riskier Bet: Why CalPERS, the Country’s Largest Pension Fund, Is Getting Into Banking (Ben Christopher / CALmatters)
• The Surprisingly Risk-Free Origin of Public Pension Investment Return Assumptions (Marc Joffe / Reason)
• Don’t Reform Police Unions. Abolish Them (column - Jeff Jacoby / Boston Globe)
• Special Report: With 'Judges Judging Judges,' Rogues on the Bench Have Little to Fear (Michael Berens & John Shiffman / Reuters)
• California’s Pandemic-Era 2020-2021 Budget Passes, But Hinges on Federal Aid (Marielle Argueza / Monterey County Weekly)

July 8, 2020

• The Editor Took a Personal Day

July 7, 2020

• Public Pensions and the COVID-19 Fiscal Dilemma (Girard Miller / Governing)
• Public Pension Reckoning Delayed With Stimulus Pumping Up Stocks (Martin Z Braun / Bloomberg)$$
• Woman Dictating Los Angeles County Shutdowns Isn’t a Medical Doctor, Paid More Than $500,000 (Jennifer Van Laar / Red State)

July 6, 2020

• What It’s Like to Stand Up to a Police Union (op-ed - Cecilia Iglesias / Long Beach Press-Telegram)
• How Government Unions Punish Those Who Serve the Public Interest (blog - Robert Fellner / Transparent California)
• Chicago’s Pension Debt Soared $1.7 Billion in 2019: City Analysis (Heather Cherone / WTTW)

July 3, 2020

• The Very First Fourth of July (Clay Jenkinson / Governing)
• Court Rules for Retirees in Pension Daispute With Providence (CT Post)

July 2, 2020

• Police Unions’ Power Wanes, But How About Teachers? (Dan Walters / CALmatters)

July 1, 2020

• Firefighting in Orange County -- Part Three, Placentia’s War for Independence (Edward Ring / California Globe)
• Committee OKs Buyouts for Soon-To-Retire Los Angeles City Employees (City News Service / Los Angeles Daily News)
• Coronavirus Aid Should Go Directly to the People (Lanhee J. Chen & David Crane / The Hill)

June 30, 2020

• Supreme Court Decision in Thole v. US Bank: A Potential Concern for Public Pension Plans? (Caleb Durling / BenefitsPro)

June 29, 2020

• Recession Rocks State and Local Pension Funds, 'Funding Gap’ Possible (Ralph Chapoco / Bloomberg)

June 26, 2020

• Orange County Pension Fund [OCERS] to Increase Private-Equity Pace (Preeti Singh / Wall Street Journal)

June 25, 2020

• Amid Multiple Crises, CalPERS Board Turns on One of Its Own Members (column - Michael Hiltzik / Los Angeles Times)
• Firefighting in Orange County – Part One, Firefighter Pay and Benefits (Edward Ring / California Globe)
• Firefighting in Orange County – Part Two, Building an Independent Fire Dept (Edward Ring / California Globe)
• Firefighters Union Chief With Ties to Democratic Leaders Is Mired in Internal Financial Dispute (Brody Mullins & Ted Mann / Wall Street Journal)$$

June 24, 2020

• Fraud Allegations Against San Diego-Area School Reveal Deceptive Practices Used to Enrich Public Pay (Robert Fellner / Transparent California)
• Why You Should Worry About the Pension Fund Crisis (Mark Hulbert / The Street)
• Sitting CalPERS Board Member Sues California Pension Fund President, Claiming Retaliation (column - Wes Venteicher / Sacramenyo Bee)
• Board Member Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence (Yves Smith / Naked Capitalism)
• These Cities Have the Highest Unfunded Pension Liabilities (Michelle Jones / ValueWalk)

June 23, 2020

• CalPERS Gambles on Risky Investments. The California Legislature Should Examine Them (commentary - Dan Walters / Sacramento Bee)
• CalPERS Takes a Bold and Risky Investment Strategy (letter - Wall Street Journal)

June 22, 2020

• CalPERS Board Member Objects to $80 Billion Leverage Gamble (Peter Smith / Financial Times)
• California Legislature Facing $54.3 Billion Deficit Chooses to Increase Spending (Chriss Street / American Thinker)
• Before Covid-19, Pension Demands Put San Rafael Budget in Vise (op-ed - Bob Bunnell / Marin Independent Journal)

June 19, 2020

• Oregon Supreme Court Considers Whether to Allow PERS Pension Cuts (Jeff Mapes / Oregon Public Broadcasting)
• Seattle Protesters' Call to Scrap Police Pensions Can't Be Met by City (Jacob Jarvis / Newsweek)
• How Police-Union Power Helped Increase Abuses (Steven Greenhouse / The New Yorker)

June 18, 2020

• Covid-19 Will Turn the State Pension Problem Into a Fiscal Crisis (Raymond Scheppach / The Conversation)
• CalPERS Has a Fix for Its Huge Pension Shortfall: Borrow More (Randall W. Forsyth / Barron's)
• As Shortfalls Grow, Public-Pension Funds Roll the Dice (Daniel Tenreiro / National Review)
• CalPERS Investment Committee Backs Hiking Opportunistic Strategies Target (Arleen Jacobius / Pensions & Investments)

June 17, 2020

• Coronavirus Lockdowns to Cause Earlier Insolvency of Failing Public Employee Pensions (Craig Eyermann / Independent Institute)

June 16, 2020

• Heads They Win, Tails Taxpayers Lose: CalPERS Doubles Down on Risky Investments (Elizabeth Bauer / Forbes)

June 15, 2020

• California's Ongoing Fight Over Pension Obligation Bonds (column - Jon Coupal / Orange County Register)
• CalPERS CIO Eyes More Private Equity, Leverage to Boost Returns (Erik Schatzker / Bloomberg)
• By Investing in Private Equity and Credit, CalPERS Expects to Be Able to Achieve 7% Returns (op-ed - Ben Meng / Wall Street Journal)$$

June 12, 2020

• Derek Chauvin: Officer Charged With Killing George Floyd Still Eligible for Pension Worth More Than $1 Million (Blake Ellis & Melanie Hicken / CNN)
• These Cities Have the Highest Unfunded Pension Liabilities (Michelle Jones / ValueWalk)
• Teamsters' Central States Pension Fund Is on Track to Become Insolvent by 2025 (Kevin Stawicki / Law360)
• Police Union Scrutiny Could Soon Move Into Finance (Dan Primack / Axios)

June 11, 2020

• Lompoc Locks Into Pension Debt Payment Plan Following Sales Tax Increase (Zac Ezzone / Santa Maria Sun)
• GOLDEN OLDIE: Taxpayers on the Hook for 26,000 Government Pensions Over $100,000, a 13-Fold Increase From 2005 (Teri Sforza / Chico Enterprise-Record)

June 10, 2020

• Financial Times Says Seven Major US Public Pensions to Run Out of Money by 2028 (blog - John Bury / Burypensions)
• Defund Police Pensions: Would That Really Save a Lot of Money? (blog - Mary Pat Campbell)

June 9, 2020

• To Rein in California’s Cops, Reclaim City Hall (Joe Mathews / Zócalo Public Square)

June 8, 2020

• Muni Bond Investors Face a Day of Reckoning With the Pension Crisis That's Crippling Many US Cities (Robert Pozen & Joshua Rauh / MarketWatch)
• Proposal to Prohibit Police Unions From Funding District Attorney Campaigns Doesn’t Go Far Enough (Joel Fox / CALmatters)
• Riverside County Sells $719 Million in Bonds to Pay Down Part of Its $3.5 Billion in Pension Debt (Jeff Horseman / Press-Enterprise)
• America’s Public-Pension Funding Crisis Worsens (editorial - The Economist)$$

June 5, 2020

• Police Have Been Looting for Years: Law Enforcement Costs Are Swallowing More of California's Local Budgets (Joe Mathews / KCRW)
• Illinois Will Be the Poster Case for State Bankruptcy (Ike Brannon / Forbes)
• Here’s What $1 Million in Cuts in Upland City Services Would Look Like (Steve Scauzillo / San Gabriel Valley Tribune)

June 4, 2020

• California’s Debt Folly: Unnecessary Spending on Retiree Health Care Is Crushing the Golden State (David Crane / City Journal)
• Teacher Pension Plans and the Covid Recession (Andrew G. Biggs & Cory Koedel / EducationNext)
• Low Funded Public Pensions Might Not Survive the Decade (Michael Katz / Chief Investment Officer)

June 3, 2020

• Last US Citizen Receiving a Civil War Pension Dies in North Carolina (Andrew Court / Daily Mail)

June 2, 2020

• Public Retirement Systems and the Pandemic: Part I -- A Coming Wave Of COLA Litigation? (Caleb Durling / JD Supra)
• Yolo County, California Faces Major Cuts in Services; Pension Liability Is $335.4 Million (Woodland Daily Democrat)
• California State Workers Could Get Raises, Avoid Furloughs Under Senate Budget Plan (column - Wes Venteicher / Sacramento Bee)

June 1, 2020

• Cities’ Next Coronavirus Dilemma: Cut Essential Services or Take on More Debt (Heather Gillers / Wall Street Journal)$$
• INTERACTIVE TOOL: State Pension Fund Challenges -- Unfunded Liabilities Before and After COVID-19 (Reason Foundation)
• Society of Actuaries Research Brief: Impact of COVID-19 (pdf - 78 pages)
• Market Decline Worsens the Outlook for Public Pension Plans (Jean-Pierre Aubry, Alicia H. Munnell & Kevin Wandrei / Public Plans Data)
• US Public Pension Plans Warned They Will Run Out of Money by 2028 (Abhishek Shrma / TechnoCodex)
• Pandemic Will Mean a Worse Retirement for Millions of Private Sector Workers (Alan Greenblatt / Governing)

May 31, 2020

• WEEKEND SPOTLIGHT: The State Pension Crisis Goes Beyond the Big Blue States (op-ed - Steven Malanga / Wall Street Journal)$$
• Pension Reform Newsletter for May 2020 (Reason Foundation)

May 29, 2020

• How to Free California's Budget Hostages (David Crane / Fox & Hounds)

May 28, 2020

• State Bankruptcy and Bailout Reactions: Would Pensions Really Have to Be Cut in Bankruptcy? (blog - Mary Pat Campbell / STUMP)

May 27, 2020

• California’s Deficit Requires That CalPERS and CalSTRS Pensioners Pay Their Share (Ralph E. Shaffer / Fox & Hounds)
• Modesto, California Faces Budget Shortfall Due to Coronavirus (Kevin Valine / Modesto Bee)
• State Bankruptcy and Bailout Reactions: The Ants Aren't Interested in Feeding the Grasshopper (blog - Mary Pat Campbell /STUMP)
• US Public Pensions Less Than 60% Funded? (blog - Leo Kolivakis / Pension Pulse)
• Do Not Bail Out States for Years of Fiscal Mismanagement (Kay C. James / Heritage Foundation)
• Status Check: Cloudy Days for Defined Benefit Pensions? (Graham Womack / Comstock's Magazine)
• State Pension Boards Lack Investment Experience -- What Could Possibly Go Wrong? (Edward Siedle / Forbes)

May 26, 2020

• The Arrival of the 'Unavoidable Pension Crisis' (Lance Roberts / Seeking Alpha)
• EDITORIAL CARTOON: A Pre-Existing Condition (Chip Bok / Bokbluster.com)
• Just Say No to State Pension Bailouts (editorial - Fredericksburg Free Lance-Star)

May 22, 2020

• States Under Fiscal Pressure: California (blog - Mary Pat Campbell / STUMP)
• Goleta, California Makes Budget Cuts to Stay in the Black (Jean Yamamura / Santa Barbara Independent)
• Novato, California Plans Buyouts, Furloughs as $5.7 Million Deficit Looms (Will Houston / Marin Independent Journal)

May 21, 2020

• Goldman Sachs Estimates Public Pensions Now Less Than 60% Funded on Average (Steffan Navedo-Perez / Chief Investment Officer)
• US Pension Funds Approach Point of No Return (Jamie Williamson / Financial Standard)

May 20, 2020

• California’s Budget Bust-Up (Steven Malanga / City Journal)
• Why California Is In Trouble -- 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion (Adam Andrzejewski / Forbes)

May 19, 2020

• California's Legislative Analyst Slams Plan to Limit School Pension Payments (Romy Varghese / Bloomberg)$$
• Worst Public Pension Quarterly Results Reported -- Reality Is Far Worse (Edward Siedle / Forbes)

May 18, 2020

• California Isn’t Colorado (David Crane / Fox & Hounds)
• Moneypalooza Monstrosity! Looking at the Multiemployer Pension Bailout Provisions (blog - Mary Pat Campbell / STUMP)

May 16, 2020

• WEEKEND NEWS:
• Facing Pension Crisis, Montebello to Take on Debt (Mike Sprague / Whittier Daily News)
• Hidden in the HEROES Act: A New Multiemployer Pension Plan Bailout (Elizabeth Bauer / Forbes)

May 15, 2020

• Gavin Newsom’s $203.3 Billion California Budget Cuts Pension Funding, Spends Reserves (Sophia Bollag, Adam Ashton & Hannah Wiley / Sacramento Bee)
• Coronavirus Shutdown Forced Inevitable Cuts in Santa Monica, Fiscal Expert Says (Jorge Casuso / Santa Monica Lookout)

May 14, 2020

• Local Governments Looking for Revenue Are Watching the California Supreme Court (Joel Fox / Fox & Hounds)
• California State Workers Face 10 Percent Pay Cut, Possible Furloughs, Union Leader Says (column - Wes Venteicher / Sacramento Bee)

May 13, 2020

• CalSTRS Mandates More Money From State and Employers to Absolve Growing Deficit (Steffan Navedo-Perez / Chief Investment Officer)
• Pension Debt, Fiscal Mismanagement, and Why State/Local Bailout Requests Are So Maddening (Elizabeth Bauer / Forbes)

May 12, 2020

• California's Cities Need Reform, Not Bailouts (op-ed - Jim Righeimer & Bruce Whitaker / Orange County Register)
• Legal and Moral Grounds for Pension and OPEB Changes in California (David Crane / Medium.com)
• Public Pension-Fund Losses Set Record in First Quarter (Heather Gillers / Wall Street Journal)$$

May 11, 2020

• California's Pension Systems Are Headed to BK, But Not Due to C-19 Losses (Wayne Lusvardi / California Globe)
• Orange County Cities Are Facing a Financial Mess (editorial - Orange County Register)
• California Budget Season Could Offer Impossible Choices for Elected Officials (column - Dick Spotswood / Marin Independent Journal)

May 8, 2020

• California Budget Do’s and Don’ts (David Crane / Fox & Hounds)
• Pensions in the Time of a Pandemic (Larry Sand / California Policy Center)
• Can California Cities Weather the Covid Recession? (Ben Christopher / CALmatters)
• Flexibility, Not Bankruptcy (editorial - Pensions & Investments)

May 7, 2020

• California State Supreme Court Weighs Timely Pension Case (editorial - CALmatters)
• California High Court Hears Pension Reform Arguments (Arleen Jacobius / Pensions & Investments)
• Takeaways From Tuesday’s Supreme Court Oral Arguments in Alameda Pension Case (Messing Adam & Jasmine)

May 6, 2020

• Are California Public Employee Pensions 'Sacrosanct?’ State Supreme Court Hears Challenge to Jerry Brown’s Law (Wes Venteicher / Sacramento Bee)

May 5, 2020

• Alameda Pension Case Oral Argument Is Today at 9:00 AM: Three Things to Watch for (Messing Adam & Jasmine)
• Bankrupt Cities and States Get the National Disaster They’ve Been Hoping for (John Rubino / DollarCollapse.com)

May 4, 2020

• Allowing States to Declare Bankruptcy No Panacea to State Budget Woes (op-ed - Tom Campbell / Orange County Register)
• Pension-Spiking Showdown at California Supreme Court Tomorrow (editorial - San Jose Mercury News)
• An Extended Lockdown May Devastate California Cities (Marc Joffe/ Fox & Hounds)

May 2, 2020

• WEEKEND SPOTLIGHT: Rates of Pay and Pension Debt in California’s Distressed Cities (Edward Ring / California Policy Center)

May 1, 2020

• This Is No Time to Bail Out Already Failing Union Pension Funds (editorial - Washington Examiner)

April 30, 2020

• Will Pensions Be 'On the Chopping Block’ in Recession? California Supreme Court to Hear Case (column - Wes Venteicher / Sacamento Bee)
• Put California’s Public Employee Pensions on a Ventilator (NO PAYWALL - John Moorlach / Fullerton Taxpayers)
• Anaheim’s $475,000 City Manager Sacking Heightens Accountability, Transparency Concerns (Spencer Custodio / Voice of OC)
• Grand Jury Report: Marin Public Entities Still Lacking on Pay Transparency (Will Houston / Marin Independent Journal)

April 29, 2020

• Amid Coronavirus Pandemic, Bail Out States But Not Irresponsible Pension Funds (editorial - USA Today)
• Nice $200,000 Pensions if You Can Get Them. Bailout Time? (William Baldwin / Forbes)

April 28, 2020

• CalPERS Reports -0.4% Return for Year Ended March 31, Also Adopts New Contribution Rates (Arleen Jacobius / Pensions & Investments)
• The Impact of Coronavirus on California's Public Pensions -- an Interview With State Sen. John Moorlach (audio - California Local Elected Officials)
• The Fed Should Not Be Bailing Out the Underfunded Pensions of Cities and States (Robert C. Pozen / MarketWatch)
• McConnell Rules Out Pension Aid for States (Hazel Bradford / Pensions & Investments)
• California Could Fare Worse From Economic Collapse Than From COVID-19 Itself (Shelley Henderson / Orange County Breeze)

April 27, 2020

• Pensions Leave California Cities With Bankruptcy as Their Life Raft (column - Steven Greenhut / Orange County Register)
• The Covid-19 Economic Collapse Is Absolutely Wrecking State Pension Systems (Eric Boehm / Reason)
• Social Security Will Be Insolvent Even Sooner Than Expected, Thanks to COVID-19 Pandemic (Eric Boehm / Reason)

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