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News Archives

All the news that has appeared on PensionTsunami.com.

July 3, 2020

• Updated at 6:30 Am (pacific) -- FINAL:
• The Very First Fourth of July (Clay Jenkinson / Governing)
• As of 5:15 AM (Pacific Time):
• 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)$$

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