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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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Public Pensions News last updated December 14 6:45pm PST
The complete text of these articles was e-mailed to subscribers.December 14th, 2019
December 13th, 2019
- What, Us Worry? California Lawmakers Still Ignoring Dark Pension Clouds. (Steven Greenhut / Reason)
- Government Credit Ratings Vulnerable to Downside Pension Risk -- Moody’s (James Comtois / Pensions & Investments)
- California’s Accounting System Cost Taxpayers $1.1 Billion and Still Can’t Produce a State Checkbook (Adam Andrzejewski / Forbes)
- L.A. Councilman Asks City to Divest Public Pensions From Oil, Gas Companies (Los Angeles Daily News)
- Puerto Rico Government Launches Defined Contribution Program for 110,000 Employees (José Alvarado Vega / Caribbean Business)
December 12th, 2019
- Town of Moraga, California Seeks Citizen Input Regarding Unfunded Needs Assessments (Vera Kochan / Lamorinda Weekly)
- City of St. Helena, California Steps Up Contribution to Unfunded Pension Liabilities (Jesse Duarte / St. Helena Star)
- Retired City Workers Get '13th Check’ Year-End Bonus, Even With Pension Shortfall at $3 Billion (Lauryn Schroeder / San Diego Union-Tribune)
- Firefighter Overtime Surged 65% in a Decade, Costing California $5 Billion a Year in Wages (Matt Stiles / Los Angeles Times)
- New Deal Gives Sacramento Firefighters Raises, Homebuying Perk (Firehouse)
- Nothing Is Sacred for New Leader of CalPERS (Heather Gillers & Dawn Lim / Wall Street Journal)$$
December 11th, 2019
- The Soaring Cost of California Pensions Is Hurting Employers and Taking Away Minority Contracts (The Sacramento Observer)
- Another Price Increase? Some With CalPERS Long-Term Care Insurance Face Sticker Shock (column - Wes Venteicher / Sacramento Bee)
- 15% Teacher Raises Doomed Sacramento City School Budget, Says State Auditor (Nick Cahill / Courthouse News Service)
- Sacramento Schools Should Consider Cuts to Teacher Salaries, State Audit Suggests (Sawsan Morrar / Sacramento Bee)
- Do Your Own Digging on California's Pension Liabilities (David Crane / Medium)
- Big Raises, $10,000 to Buy a Home in Sacramento: City Firefighters Will Get Salary Boost (Theresa Clift / Sacramento Bee)
December 10th, 2019
- Lessons From Orange County’s 1994 Bankruptcy (op-ed - John Moorlach / Orange County Register)
- Riverside County to Vote on $145 Million Worth of Salary Increases for Deputy Sheriffs (Sam Metz / Desert Sun)
- One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk (Randy Diamond / Chief Investment Officer)
December 9th, 2019
- California Town Paying Police More in Pensions Than Salary (editorial - Las Vegas Review-Journal)
- 'Tax Exhaustion' May Be on the Horizon (editorial - CALmatters)
- READ THE REPORT: CalPERS '2019 Annual Review of Funding Levels and Risks' (pdf - California Public Employees’ Retirement System)
December 8th, 2019
December 7th, 2019
December 6th, 2019
- Kern County Fire Department's Pensions (Burn Notice / KGET-TV)
- California's State Analyst Recommends Increase to School District Pension Funding (Aidan Freeman / Record-Bee)
- CalSTRS Goes Green With Muni Bond Debut (Bloomberg)
December 5th, 2019
- Los Angeles Mayor Garcetti Blinks at Worker Benefit Reform (Joel Fox / Fox & Hounds)
- Why the US Pension System May Need a Federal Bailout (video - MarketBrief / Barron's)
December 4th, 2019
- CalPERS Fires Most of Its Equity Managers (Randy Diamond / Chief Investment Officer)
- 'This Was Not a Close Election’: Losing CalPERS Candidate Drops Challenge (column - Wes Venteicher / Sacramento Bee)
- Clock Ticks on Connecticut's Pension Bomb (Chris Powell / Republican American)
- Connecticut's Pension Debacle Worsens But State Capitol Just Ignores It (Chris Powell / Journal Inquirer)
- 'Peak’ Private-Equity Fears Are Spreading Across Pension World (Anchalee Worrachate & John Gittelsohn / Bloomberg)
December 3rd, 2019
- Aunt Becky and the 'Underpaid Teachers’ Myth (Andrew G. Biggs / National Review)
- Pension Liabilities Are Cause for Concern (letter - San Diego Union-Tribune)
December 2nd, 2019
- San Mateo's Government Officials Face Growing Pension Costs (Anna Schuessler / San Mateo Daily Journal)
- Will California Schools Get More State Aid? (Dan Walters / CALmatters)
- Gavin Newsom’s Climate Order Focuses on Pensions and Roads. What Does It Mean for Taxpayers? (column - Adam Ashton / Sacramento Bee)
- CalPERS, Just Missing Target, Broadens Its Investment Strategies (Steffan Navedo-Perez / Chief Investment Officer)
- Defined Benefit Plan Cash Flow Needs Are Greater Than Ever (Rebecca Moore / PlanSponsor)
November 28th, 2019
- Pension Reform Waits for California Supreme Court (Edward Ring / California Globe)
- Thanksgiving and the Birth of American Free Enterprise (Richard M. Ebeling / American Institute for Economic Research)
- Happy Thanksgiving! We'll be back on Monday . . .
November 27th, 2019
- CalPERS' Numbers Tell Costly Pension Story (editorial - Press Democrat)
- Most City Workers Pay $0 in Healthcare Premiums. Garcetti Said He’d Change That. He Hasn’t (Dakota Smith / Los Angeles Times)
November 26th, 2019
- Will Negative Rates Finally Kill Defined Benefit Pensions? (Paul Jacobs / Palisades Hudson Financial Group)
- Divestment Won’t Fight Climate Change (op-ed - Robert L. Bradley Jr. / Daily Independent)
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