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News Archives

All the news that has appeared on PensionTsunami.com.

September 24, 2020

• As of 9:15 AM (Pacific Time):
• Salary Cuts, Pension Debt and Charges of Racism -- Teachers Unions Clash With Their Own Employees (Mike Antonucci / The 74 Million)

September 23, 2020

• NEW REPORT: Financial State of the States 2020 (Truth in Accounting)

September 22, 2020

• Illinois Pensions and Madigan, CalPERS to Restrict New CIO, New Jersey Millionaire's Tax and More! (blog - Mary Pat Campbell / STUMP)

September 21, 2020

• Pandemic’s Toll on Public Pension Plans (Lou Cannon / Real Clear Politics)
• Politicizing CalPERS and CalSTRS Puts Pensions at Risk (Andy Nevis / Capitol Weekly)
• Palo Alto’s CalPERS Pension Liability Increases 4.7% to $476 Million (Palo Alto Daily Post)
• El Dorado County’s Unfunded Obligation to CalPERS Grows to $402 Million (Village Life)
• Borrowing to Fund Pensions (blog - John Bury / Burypensions)
• Ohio Teamsters Pension Fund Seeks Benefits Reduction (Michael Katz / Chief Investment Officer)

September 18, 2020

• Amid Movement Against Police Brutality, Former Orange County Sheriff and Convicted Felon Collects Big $200,000+ Pension (Ben Brazil / Daily Pilot)
• CalPERS Board Supportive of Move to Restrict Investments by Top Staff (column - Wes Venteicher / Modesto Bee)

September 17, 2020

• PBGC Multiemployer Program to Become Insolvent by 2026 (Michael Katz / Chief Investment Officer)

September 16, 2020

• The Bureau of Economic Analysis on State and Local Government Pension Funding (blog - Larry Littlefield / Saying the Unsaid in New York)

September 15, 2020

• Public Pensions’ New Inflation Dilemma (Girard Miller / Governing)
• States and Cities Under Fiscal Pressure: The Tales of Woe Rev Up Again (blog - Mary Pat Campbell / STUMP)
• Public Pensions Analysis: High-Level Changes in Unfunded Liabilities as a Percentage of State GDP (blog - Mary Pat Campbell / STUMP)

September 14, 2020

• Pandemic and Public Pensions: What Can We Expect During This Recession? (Matthew Cook & Patrick Murphy / Arnold Ventures)
• The Crisis of Multiemployer Pension Plans: Where Do We Go From Here? (Sarah Bryan Fask & Michael Romeo / BenefitsPro)

September 11, 2020

• CalPERS’ CIO Resigned in Controversy. Now the Board Is Ready to Tackle the Fallout. (Alicia McElhaney / Instututional Investor)
• CalPERS Cooks Its Books (blog - Yves Smith / Naked Capitalism)
• CalPERS’ Bad Numbers (blog - Yves Smith / Naked Capitalism)

September 10, 2020

• Exclusive: Pension Cuts Coming for Some California Retirees After State Supreme Court Ruling (column - Wes Venteicher / Sacramento Bee)
• California Legislature Fiddles in Hearing on Capitol Renovation Plans . . . While the State Burns (Katy Grimes / California Globe)
• Ask the Experts: State and Local Pension Reform (blog - John Bury / Burypensions)

September 9, 2020

• CalPERS Governance Watch: Fallout From Ex-CFO Meng's Resignation (blog - Mary Pat Campbell / STUMP)

September 8, 2020

• With Washington Deadlocked on Aid, States Face Dire Fiscal Crises (Mary Williams Walsh / New York Times)
• Cities and States Are Facing a $1 Trillion Budget Mess. There Will Be More Trouble Ahead. (Leslie P. Norton & Stephen Kleege / Barron's)
• US Launches Probe Into Pension Payments to Firefighters Union Leaders (Brody Mullins, Ted Mann & Aruna Viswanatha / Wall Street Journal)

September 7, 2020

• Happy Labor Day! Pension Retrospective: Pension Primers, POBs, MEPs, and More! (blog - Mary Pat Campbell / STUMP)

September 4, 2020

• California's Political Leaders Made Wildfire Season Worse (Steven Greenhut / Reason)

September 3, 2020

• CalPERS Retirees Call for Board President to Resign (Randy Diamond / Chief Investment Officer)
• CalPERS Board President Must Go, Group Says (Arleen Jacobius / Pensions & Investments)
• Forget Pension Obligation Bonds. Two Cities Are - No Joke - Leasing Their Streets to Fund Pensions. (Elizabeth Bauer / Forbes)

September 2, 2020

• The End of an Era: Where Are the 80% Funding Myths of Yesteryear? (blog - Mary Pat Campbell / STUMP)

September 1, 2020

• State Senate Bill Nail in the Coffin for California Pension Reform (editorial - Orange County Register)
• Retired Cop Calls Black Lives Matter Protester a 'N-Lover' in Seal Beach Video (Manthan Chheda / International Business Times)
• CalPERS Board Member Calls for No New Private Equity Investments Until CIO Probe Over (Dan Primack / Axios)

August 31, 2020

• Will Your Tax Dollars Bail Out California’s Reckless Spending? (Thomas W. Smith & Adam Andrzejewski / The Center Square)
• The Lunacy of Using City Streets to Collateralize New Municipal Bond Deals (Marilyn Cohen / Forbes)

August 28, 2020

• Chuck Reed Warned of City Services 'Insolvency’ After the Great Recession. He Thinks the Corona-Crisis May Be Worse. (Andrea Riquier / MarketWatch)
• Covid-19, Management Turmoil Put New Pressure on CalPERS (Mark Anderson / Sacramento Business Journal)$$
• HEROES Act: Democrats' Wasteful Bailout (Thomas W. Smith & Adam Andrzejewski / Real Clear Politics)

August 27, 2020

• Ending Payroll Tax Would Drain Social Security by Mid-2023 (Melanie Waddell / Benefits Pro)

August 26, 2020

• Public Pension Investments Largely Recover, But Drop in State Revenues Presents More Immediate Issue (Pew Charitable Trusts)

August 25, 2020

• Public Pension Funding And Reform -- Or Lack Thereof -- When We’re Not 'All In This Together’ (Elizabeth Bauer / Forbes)
• Sales Tax 101 (column - Pat Orr / Victorville Daily Press)
• Massive Teacher Retirements Could Hurt Pensions (Lee Barney / Plan Adviser)
• City Streets Back New Bonds California Cities Issue to Fund Pensions (Keeley Webster / The Bond Buyer)$$
• Public Pensions Quicktake: Pension Underfunding vs. State GDP (blog - Mary Pat Campbell / STUMP)

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