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Public Pensions News     last updated October 19 9:56pm PST

The complete text of these articles was e-mailed to subscribers.

October 19th, 2019

• WEEKEND SPOTLIGHT: Pension Costs Continue to Drive Tax Hikes Across California (column - Susan Shelley / Orange County Register)

October 18th, 2019

• Updated at 7:15 AM (Pacific) -- FINAL:
• CalPERS' Skyrocketing Pension Costs: 'Like Being Strapped onto a Roller Coaster and You Can't Get Off the Thing' (John Burns / Argus-Courier)
• Taxpayers United on Illinois Governor's Pension Consolidation Plan: 'The Pension Funds Are Doomed' (Greg Bishop / The Center Square)
• Pension Issues Lead to Cutbacks for East St. Louis Fire Department (Chris Regnier / Fox 2)
• Study Says Connecticut Teachers Pension Problems Still Not Solved (Christopher Keating / Hartford Courant)
• As of 5:50 AM (Pacific Time) . . .
• Oregon Teachers Union Won't Fund Candidates Who Voted for Public Pension Reforms (Claire Withycombe / Corvallis Gazette-Times)

October 17th, 2019

• Palo Alto Explores New Ways to Settle Giant Pension Bill (Gennady Sheyner / Palo Alto Weekly)
• Peoria Leaders to Discuss Raising Taxes for Public Safety Pensions (Morgan McHugh / Central Illinois Proud)
• Pension Crisis Forces Firehouse Closure, 9 Firefighter Layoffs in East St. Louis (Brad Weisenstein / Illinois Policy)
• Embattled Former Chicago Alderman Uses Loophole to Double Pension (Dane Placko / Fox 32)

October 16th, 2019

• Offer a Skating Rink, Get a Tax Increase (letter - Chico Enterprise-Record)
• Mobility. Flexibility. Fairness. State Colleges Have These in Their Retirement Plans. Why Don’t K-12 Districts? (Chad Aldeman / The 74)
• US Supreme Court Justices Tackle Bid to Invalidate Puerto Rican Oversight Board (Jack Rodgers / Courthouse News Service)

October 15th, 2019

• California Finally Has a Balanced Budget — If You Ignore the Billions in Outstanding Pension Obligations (editorial - Las Vegas Review-Journal)

October 14th, 2019

• Chico, California to Consider Placing Tax Increase on the Ballot (Robin Epley / Chico Enterprise-Record)
• Pensions Primer: Public, Private Single Employer, Multiemployer, and Church Plans -- US Landscape (blog - Mary Pat Campbell / STUMP)
• How Well-Funded Are Government Employee Pension Plans in Your State? (Craig Eyermann / Independent Institute)
• How Low Is Low? Projections Say It's Not Low Enough (editorial - Pensions & Investments)
• Court Overrides Oregon Attorney General, Ordering Her to Rewrite 'Misleading’ Draft of Pension Ballot Measure (Ted Sickinger / The Oregonian)
• Pension Obligation Bonds Are a Poor Fix for Pension Debts (editorial - Orange County Register)

October 12th, 2019

• WEEKEND SPOTLIGHT: Pension Obligation Bonds Are a Poor Fix for Pension Debts (editorial - Orange County Register)

October 11th, 2019

• Pension Crisis: Montebello Considering Debt Some Think Is Risky (Mike Sprague / San Gabriel Valley Tribune)
• CalPERS Is Heavily Invested in Chinese Companies (Edward Ring / California Globe)
• PENSION PULSE: Fed Warns US Pensions Reaching for Yield (blog - Leo Kolivakis)
• Illinois Bright Idea: Put a Bunch of Underfunded Pension Plans in One Pile (blog - Mary Pat Campbell / STUMP)
• The Search for Return Gets More Difficult as More Countries Go Subzero (Bloomberg)
• Pension Obligation Bonds May Soon Have Their Moment (Brian Chappatta / Bloomberg)

October 10th, 2019

• Major Threat to US Economy: Unfunded Retirement Deficits (They're Almost as Big as Our National Debt) (opinion - Rachel Greszler / Fox Business)
• Contract Gamble: California State Workers Who Voted Down Raise Want to Return to Bargaining (column - Wes Venteicher / Sacramento Bee)

October 9th, 2019

• Pension Debt Accounts for Over Half of All Debt for US States (Michael Katz / Chief Investment Officer)
• Pension and OPEB Costs Weigh on Government Balance Sheets (Sheila Weinberg / Accounting Today)
• The University of California Pension Fund Lowers Expected Rate of Return (Chief Investment Officer)
• Pension Investing Is a Poor Political Weapon (Brian Chappatta / Bloomberg)
• Without Immediate Pension Reform, Providence Will Be Bankrupt (column - Arjun Shanmugam / Brown Daily Herald)
• NEW REPORT: How Legacy Costs Keep Teacher Salaries Low (Daniel DiSalvo / Manhattan Institute)

October 8th, 2019

• Connecticut's Pension Hole Getting Deeper (op-ed - Ryan Fazio / Greenwich Times)
• San Jose Taxpayers Will Shell Out $1.4 Million to Fight Retirees' Lawsuit (Adam F. Hutton / San Jose Spotlight)
• Public Paychecks: Highest-Paid Sacramento City Employees (Sharon Havranek / Sacramento Business Journal)
• Nevada's Government Retiree Costs Must Be Reined In (Thomas Mitchell / Sparks Tribune)

October 7th, 2019

• California’s Conflict-Of-Interest Bonds (David Crane / Medium)
• California Pension Debt Climbs Despite Strong Economy (op-ed - Joe Nation / East Bay Times)
• Good News Is Bad News in California (Steven Greenhut / The American Spectator)
• The US Department of Justice Agrees: CalSavers Is Illegal (op-ed - Jon Coupal / Orange County Register)
• CalPERS Trustee Re-Election Ends Outsider Streak (blog - Ed Mendel / Calpensions)
• Despite Rahm Emanuel’s Tax Hikes, City Pension Debt Grew by $7 Billion Since 2015. Here’s Why. (Hal Dardick & Juan Perez Jr. / Chicago Tribune)
• Escape Illinois: Get the Hell Out Now, We Are (blog - Mike Shedlock / MishTalk)

October 5th, 2019

• WEEKEND SPOTLIGHT: Good News Is Bad News in California (Steven Greenhut / The American Spectator)

October 4th, 2019

• San Diego Labor Unions File Suit to Invalidate Prop B Pension Reform Measure (David Garrick / San Diego Union-Tribune)

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