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Public Pensions News     last updated January 28 5:02pm PST

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

January 28th, 2020

• Updated at 8:35 AM (Pacific) -- FINAL:
• 2020 Financial State of the Cities (Truth in Accounting)
• Taxing Tuesday Special: State of the Cities From Truth in Accounting (blog - Mary Pat Campbell / STUMP)
• Updated at 8:10 AM (Pacific):
• Liabilities Mostly Offset High Returns for Pension Funds Around Globe (Douglas Appell / Pensions & Investments)
• Illinois Cities Spend 33% of Property Taxes or More on Pensions (John Kemp / Daily Gaming World)
• Stop Arguing Over Who Picks Up New Mexico's Pension Tab and Split the Bill (Sherry Robinson / Carlsbad Current Argus)
• As of 7:25 AM (Pacific Time) . . .
• School Pensions in New York: Check Who Got Them and How Much They Received (Joseph Spector & Sean Lahman / Democrat & Chronicle)

January 27th, 2020

• Bonds Are a Risky Way to Deal With Pension Woes (column - Jon Coupal / Orange County Register)
• California’s Big Educational Dilemma (column - Dan Walters / CALmatters)
• How to Protect Yourself From the Collapsing Pension System (David C. Lewis / NuWire)
• Stars Have Aligned for Needed Pension Reform in New Mexico (op-ed - Paul Gessing & Len Gilroy / Santa Fe New Mexican)
• Retirement Obligations Are Squeezing Operating Budgets in Some of California’s Biggest School Districts (John Myers / Los Angeles Times)
• America’s Debt Spree Isn’t Stopping. It Might Soon Be Too Late. (column - Robert J. Samuelson / Washington Post)

January 24th, 2020

• Will Riverside County Do Something About Its Pension Problem? (editorial - Press-Enterprise)
• Pension Bonds Are a Last Resort for Simi Valley (letter - The Acorn)
• The 1%: Illinois’ Public Pension Millionaires (Austin Berg / Illinois Policy)
• Membership in Public Employee Unions Falls to a 20-Year Low (Steven Malanga / City Journal)
• CalPERS Wants to Keep Private Debt Documents From Public Release (Arleen Jacobius / Pensions & Investments)
• Hold Novato School District Accountable, Vote No on Measure a (op-ed - Tina McMillan & Julia Lavaroni / Marin Independent Journal)
• The High Cost of Rejecting Public Pension Reform in Illinois ( Elizabeth Bauer / Forbes)
• Time for Reform of Mississippi’s Defined Benefit Pension System (Bigger Pie Forum / Northside Sun)
• Why Kansas Governor Wants to Extend Pension Obligations and Pay Down Other Debt (Richard Williamson / The Bond Buyer)$$
• South Carolina Governor Calls for End to State Defined Benefit Pension Plan, Shift to Defined Contribution Plan (Bloomberg Law)$$

January 23rd, 2020

• California Voters Face Hundreds of Local Tax Measures (Dan Walters / CALmatters)
• California State Worker Pay Database Updated With 2019 Raises, Promotions (column - Wes Venteicher & Phillip Reese / Sacramento Bee)
• Monrovia, San Gabriel and West Covina Share a Fiscal Secret (column - Larry Wilson / Pasadena Star-News))

January 22nd, 2020

• Unfortunately, Ohio's Bad Government Will Be Rewarded (column - John Damschroder / News-Messenger)
• How California Public Agencies Can Reform Pension Benefits (Che Johnson & Lars Reed / American City & County)
• Grass Valley, California's $22 Million Unfunded City Employee Pension Debt (letter - The Union)
• After Benefits for Ohio Police and Firefighters Were Slashed, Could Health Care Cuts for Government Workers Be Next? (video - 19 News)
• Voters Deserve the Truth on Pension-Driven Tax Hikes (op-ed - Robert Fellner / Washington Examiner)

January 21st, 2020

• Manhattan Beach Firefighter Pay Averages Over $300,000 Per Year (Edward Ring / California Globe)
• CalPERS Outlines Key Economic Risks for Next Decade (Steffan Navedo-Perez / Chief Investment Officer)
• California’s Free Community College Plan Collides With Skyrocketing Retirement Obligations (Allan Wheeler / Reason Foundation)
• The Wisconsin Retirement System Is Fully Funded and a Model for Other States (Kerri Seyfert / Reason Foundation)
• Public Pensions Are Woefully Underfunded; The Crunch Point Is Coming Soon (editorial - The Economist)$$
• America’s Public-Sector Pension Plans Are Trillions of Dollars Short; Police, Teachers, Face a Brutal Reckoning (column - The Economist)$$

January 20th, 2020

• Inglewood, Pasadena, Torrance and Cathedral City Are Piling on Debt Because of Pension, Medical Costs (Tony Saavedra / Orange County Register)
• CalPERS Hits Milestone: Market Value Tops $400 Billion (column - Wes Venteicher / Sacramento Bee)
• Massachusetts Pensions Grabbing Big Share of Limited Resources (Colin A. Young / The Sun)

January 17th, 2020

• Petaluma 'Looked Under Every Rock’ for Pension Crisis Solution (Matt Brown / Argus-Courier)
• Riverside County’s Pension Liabilities Reach $3.5 Billion (with video - Daytona Everett / NBC Palm Springs)
• Union Rules, Not Wildfires, Are the Root of High Firefighter Overtime Costs (op-ed - Robert Fellner / Los Angeles Daily News)
• Ohio's Pension Fund Approves Future Health Benefits Cuts for Retirees (Andrew Tobias / Cleveland.com)
• Fewer Illinois Taxpayers Are on the Hook for Growing Public Sector Pension Liabilities (Greg Bishop / The Center Square)
• 2019 Massachusetts State Pension Data Now Online (Joe Dwinell / Boston Herald)

January 16th, 2020

• Wisconsin Bet That Interest Rates Wouldn't Go Down and It Lost Big (Fola Akinnibi / Bloomberg)
• Manhattan Beach Unified Says It May Have to Lay Off 30 Staffers to Reduce Spending by $3 Million (Tyler Shaun Evains / The Beach Reporter)

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