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- The Financial Context of the Imminent California Supreme Court Decision on the 'California Rule'
by Edward Ring
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News Archives
All the news that has appeared on PensionTsunami.com.
July 16, 2019
- As of 5:15 AM (Pacific) . . .
- SoCal Cities Are Spending Big Instead of Preparing for Next Economic Downturn (op-ed - Alix Ollivier / Orange County Register)
- New Santa Clara Fire Chief Brings 33 Years of Experience to the Job, But His Hefty Paycheck Plus Pension Is Raising Eyebrows (Erin Woo / Mercury News)
- Top Women to CalPERS Board Candidate: Drop Out, We Don’t Want an Accused Harasser (Marcos Bretón / Sacramento Bee)
- Good Returns Move State Pensions' Funded Status Higher in Q2 (Rebecca Moore / Plan Sponsor)
- Puerto Rico’s Bankruptcy Plan Is Almost Done, and It Could Start a Fight (Mary Williams Walsh / New York Times)
- Congress Moves to Put Pension Benefit Guaranty Corporation on Taxpayer Dole (Alex Pollock / Real Clear Markets)
- US Senate Split Over Retirement Savings Bill (Jessica Floyd / KATU 2)
July 15, 2019
- San Bernardino Deficits Grow After Bankruptcy (blog - Ed Mendel / Calpensions)
- Despite Booming Revenues, California Struggles With Debts (editorial - Orange County Register)
- Unraveling the Mystery Behind One LADWP Worker’s $313,865 in Overtime Pay (Teri Sforza / Orange County Register)
July 12, 2019
- Public Servants or the Public’s Masters? (Steven Greenhut / The American Spectator)
- Economic Recovery Has Not Reduced Pension Debt for Many States (Greg Mennis & David Draine / Pew Charitable Trusts)
- Simi Valley Considering Risky Pension Obligation Bonds to Refinance Much of Its $147 Million CalPERS Debt (Mike Harris / Ventura County Star)
- House Committee Advances Bill to Establish Union Pension Lifeline/Bailout Program ( John Manganaro / Plan Sponsor)
- CalPERS Reports Annual Return of 6.7% for Fiscal 2019 (Arleen Jacobius / Pensions & Investments)
- CalPERS Fell Short of Its Own Goals in Fiscal 2019 (Heather Gillers / Wall Street Journal)$$
July 11, 2019
- In California, Don’t Call Them 'Public Servants,’ Call Them 'The Government Gang’ (Thomas Lifson / American Thinker)
- Ontario, California's Pension Payments to CalPERS Are Going Up (Beau Yarbrough / Inland Valley Daily Bulletin)
July 10, 2019
- Garden Grove Police Raises to Cost More Than Double What City Disclosed (Nick Gerda / Voice of OC)
- Senate Resolution Cautions Against Federal Bailout of Fiscally Irresponsible States (Rachel Greszler / Heritage Foundation)
July 9, 2019
- Chief Investment Officer of US' Largest Public Pension Fund CalPERS Has Deep Ties to Chinese Government (Nathan Su / The Epoch Times)
- Analysis: Fresh Concerns About the Financial Game of 'Musical Chairs’ Behind CalSTRS (The 74 Million)
- California Cities, Counties Spent $4 Billion on Overtime in 2018 (Teri Sforza / Orange County Register)
- Chicago Pensions Are No Longer 27% Funded -- It's Now 23% (Elizabeth Bauer / Forbes)
- Chicago Has $30 Billion Worth of Pension Debt (Heather Cherone / Block Club Chicago)
- New Michigan Road-Funding Scheme: Issue $10 Billion in Teacher Pension Debt to Free Up Cash (Chad Livengood / Crain's Detroit Business)
- Pension Liabilities May Soon Derail Massachusetts' State, Local Budgets (editorial - Eagle-Tribune)
- South Carolina's 'Broken Retirement System' Is a Ticking Time Bomb (editorial - Greenville News)
July 8, 2019
- IMF Report Highlights US Pension Shortfall (Gavin O'Toole / Public Finance International)
- READ THE REPORT: Public Wealth in the United States (International Monetary Fund)
- City of Gilroy’s Wages and Benefits for Its City Workers Rank High in California (Barry Holtzclaw / Gilroy Dispatch)
- City of Hollister’s Wages and Benefits for Its City Workers Rank High in California (Barry Holtzclaw / Hollister Free Lanc)
- Pension Reform . . . For the Children's Sake (Elizabeth Bauer / Forbes)
July 5, 2019
- California's New State Budget a Windfall for Unions (column - Dan Walters / CALmatters)
- Montclair Dips Into Reserves to Cover Growing Pension Costs in New Budget (Beau Yarbrough / Inland Valley Daily Bulletin)
- 'Wealthy' Chicago Households on the Hook for Up to $2 Million in Debt Each Under Progressive Approach to Pension Crisis (Wirepoints)
- Public Pension Supporters Reconsider Socially Responsible Investing (audio - WBUR Radio)
July 4, 2019
July 3, 2019
- San Luis Obispo County Raises Management Salaries, Cuts Services (Josh Friedman / Cal Coast News)
- Yucaipa Gives City Employees a Raise, Makes Them Pay Retirement (Jennifer Iyer / Redlands Daily Facts)
- Reality Check for CalPERS (Ian Bradley / The Acorn)
July 2, 2019
- The Structural Deficit Leads to a Service Deficit/Bankruptcy and Intergenerational Theft (Jack Humphreville / CityWatch LA)
- Chicago's Crashing Police Pension Fund (video - Upstream Ideas)
July 1, 2019
- Defusing Illinois' Pension Bomb (Crain's Forum / Crain's Chicago Business)
- Illinois' Six-Figure Pensions Grow 74% Since 2015 (column - Jake Griffin / Daily Herald)
- Solano County Grand Jury Says Vacaville Retiree Benefit Package 'Not Sustainable’ (Todd R. Hansen / Daily Republic)
- San Bernardino County Grand Jury Tells Upland It’s Time to Get Serious About a Plan to Fund Pensions (Beau Yarbrough / Daily Bulletin)
- This Time CalPERS Plans for Stock Market Drop (blog - Ed Mendel / Calpensions)
- The Debates’ Biggest Losers? American Taxpayers. (column - Mark Theissen / Washington Post)
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