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Public Pensions News     last updated May 14 12:39pm PST

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

May 14th, 2021

• Providence Mayor Elorza Seeks $704-Million Bond for Unfunded Pension Liability (Amy Russo / Providence Journal)
• The Latest Pension News -- Updated Regularly (blog - Mary Pat Campbell / Actuarial News)
• California Pension-Related News -- Updated Regularly (Citizens for Sustainable Pension Plans)
• LOOK UP Pension Amounts for Retired California State and Local Public Employees (database - Transparent California)

May 13th, 2021

• California’s 944 School Districts: Strong Balance Sheets or Drowning in Debt? (John Moorlach / California Globe)
• F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short (Mary Williams Walsh / New York Times)
• County of Sonoma Provides Retirement System Annual Review (press release - Sonoma County)

May 12th, 2021

• Cities Grapple With Stemming Pension Tide (David C.L. Bauer / Journal-Courier)
• Public Pensions Won’t Earn as Much From Investments in the Future. Here’s Why That Matters (Andrea Riquier / MarketWatch)
• To Pay $79 Million Owed to Retirement Fund, Montclair Turns to Pension Bonds (Steve Scauzillo / Daily Bulletin)
• The Wolf at San Jose's Door (David Crane / Medium)

May 10th, 2021

• Costa Mesa Uses Federal Aid to End Worker Furloughs, Restore Missed Pay (Alicia Robinson / Orange County Register)

May 4th, 2021

• Pending Bill Opens Door to Pension Corruption at CalPERS (Dan Walters / CALmatters)
• Pension Obligation Bonds a Bad Idea (letter - Dave Howell / Chico Enterprise-Record)

May 3rd, 2021

• Pension Plans Heading the Way of the Dodo: What’s Your Plan B? (Peter Reagan / WBAP Radio)
• Your Pension Board Thinks It’s Smarter Than Warren Buffett -- It’s Not (Edward Siedle / Forbes)

April 28th, 2021

• It's Time to Rein in the Public Employee Unions (op-ed - James D. Veltmeyer, MD / Trinity Journal)$

April 26th, 2021

• Apparently, No One Actually Wants Public Workers to Understand PERS (op-ed - Michael Schaus / Nevada Independent)

April 23rd, 2021

• Masks for Children, Muzzles for Covid-19 News (op-ed - Jay Bhattacharya / Wall Street Journal)$

April 21st, 2021

• Lockdown Watch: A Zero-Risk Society Is Not a Reasonable Policy Proposal (Michael Schaus / Nevada Policy Research Institute)

April 6th, 2021

• LOL: Study Suggests There Is No Imminent Public Pension Crisis (Michael Katz / Chief Investment Officer)
• Multiemployer Pensions: Will the Recent Bailout Destroy Pensions (in the Long Run)? (blog - Mary Pat Campbell / STUMP)

April 1st, 2021

• Rethinking Public Employee Retirement Plans (video - Bryan Snyder / Broadcast Retirement Network)
• CalPERS’ Broken Promises Mislead and Shortchange California State Worker Retirees (editorial - Sacramento Bee)
• Rising Costs of CalSTRS Debt Takes Money From Students, Classrooms (op-ed - Leonard Gilroy & Zachary Christensen / Orange County Register)
• Pension Reform Newsletter - Published Monthly (Alix Ollivier / Reason Foundation)

March 31st, 2021

• Vermont Breaks the Bailout Code: It Now Has a Surplus It Wants to Use for Public Employee Pensions. (editorial - Wall Street Journal)

March 30th, 2021

• COVID Stimulus Won’t Cure the Public Pension Pandemic (op-ed - Daniel J. Smith & Eileen Norcross / Fredericksburg Free Lance-Star)
• LA's Two Top-Earning Beach Lifeguards Made $400,000 in 2019 -- and 82 Others Made at Least $200,000 (Valerie Edwards / Daily Mail)

March 29th, 2021

• Vermont State Employees, in Public Hearing, Call Pension Reform Proposal a 'Betrayal' (Greg Sukiennik / Bennington Banner)

March 26th, 2021

• California Is Still in Debt (column - Jon Mays / San Mateo Daily Journal)
• Gov. Newsom and Legislators Have Lots of Money to Spend, Few Strings Attached (Ben Christopher / CALmatters)
• Vermont Lawmakers Pitch Plan to Shore Up Pension Funds (Calvin Cutler / WCAX-TV)
• Washington Baits a Financial Trap for States (op-ed - David Guenthner / The Hill)

March 24th, 2021

• Secret CalPERS Meeting on CIO Meng’s Exit Sparks Legal Fight (Bloomberg News)
• CalPERS Board Member Theresa Taylor Outs That a Staff Member Has Committed Fraud; When Will Giant Pension Come Clean? (Yves Smith / Naked Capitalism)
• CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19 (Sarah Min / Chief Investment Officer)

March 23rd, 2021

• Monterey Peninsula Cities Reeling From Employee Pension Debt (Dennis L. Taylor / Monterey Herald)
• State Supreme Court Refuses to Hear Case Involving Sonoma County Pension Hikes (Will Schmitt / Press Democrat)
• 'Bad Taste.’ CalPERS Board Regrets Pension Mistakes, But Votes to Deny Retiree Appeals (column - Andrew Sheeler / Sacramento Bee)

March 22nd, 2021

• Omaha Police Chief to Retire Within Next 5 Years, Will Get Pension of Nearly $15,000 Per Month (Alia Conley / World-Herald)
• State Audit Blames El Cerrito’s Financial Mismanagement for Pushing City Near Bankruptcy (Shomik Mukherjee / East Bay Times)
• She Gave Up a CalPERS Disability Pension to Go Back to Work. Now She Wants It Back (column - Andrew Sheeler / Sacramento Bee)
• CalPERS Search for CIO Comes Up Empty (Preeti Singh / Wall Street Journal)$$
• Huntington Beach Joins Wave of California Pension Bond Sales (Anastasia Bergeron / Bloomberg News)
• Explaining Dangers of Pension Obligation Bond (letter - Juanita Sumner / Chico Enterprise-Record)
• Lawmakers Look to Claw Back Felons’ Pensions (Sophie Cocke / Honolulu Star-Advertiser)$$
• Rethinking Public Employee Retirement Plans (Richard Hiller & Rod Crane / Reason)

March 17th, 2021

• Stop Bill Forcing Public to Support Government Union Bargaining (editorial - Orange County Register)

March 16th, 2021

• Can Fiscal Alchemy Bolster Public Pension Funds? (column - Girard Miller / Governing)

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