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Public Pensions News last updated June 25 6:34pm PST
The complete text of these articles was e-mailed to subscribers.June 25th, 2017
June 24th, 2017
June 23rd, 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)
- UNSUSTAINABLE: Chicago Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (Nancy Mathieson / WirePoints Illinois)
- UNSUSTAINABLE: Many Cook County Pension Funds Have More Retirees Collecting Than Workers Paying In (press release - Cook County Treasurer's Office)
- UNSUSTAINABLE: New York City Has More Retired Cops Collecting Pensions Than Active Cops on the Streets (op-ed - Nicole Gelinas / New York Post)
- @PensionTsunami is on Twitter
June 22nd, 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)
June 21st, 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)
June 20th, 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)
Copyright 2017 by PensionTsunami.com