Pension Update – CSFA’s weekly round-up of public pension news and comment

Here is a weekly round-up of news and opinion on the pension issue. Stay informed on this important issue and pass these on to neighbors and colleagues.

California Stories

Pensions vs. Split Roll (Fox & Hounds)

No Coercing State to Reform Pension Funds (American Spectator)

City service reductions, school cuts loom as the state pension crisis hits SLO County (SLO New Times)

Forget the scary pension future; study confirms the crisis is hitting now (R Street)

Tax board leader urged quick hiring to get state workers better pensions (Sacramento Bee)

Councilman asks city to meet with Vacaville employees about benefits (Fairfield Daily Republic)

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)

California Treasurer Urges CalSTRS to Drop Gun Sellers (Chief Investment Officer)

New Stanford University Study Reveals California Pension Crisis is Bad Now, But Likely to Get A Lot Worse (Fox & Hounds)

Vacaville faces $13.3M cost for lowered return on state pension investments (Fairfield Daily Republic)

University of California hands out massive pensions, hits students with higher tuition (The College Fix)

Lack of Funding for UC Pensions May Prompt Tuition Increase (UCSD Guardian)

National Stories

Pension Liabilities Bite in the Present, Too (Competitive Enterprise Institute)

Illinois Issues: Land of Lincoln, New Jersey Compete For Worst Fiscal Condition (NPR Illinois)

Kentucky's pension crisis threatens state funding (WLKY)

Malloy warns he would veto a budget that defers pension contributions (Connecticut Mirror)

How to fund teacher pensions, improve education without new taxes (Journal Inquirer (Connecticut))

Vote 'yes’ to yank pensions from corrupt politicians: Editorial (Poughkeepsie Journal)

St. Joseph's Employees Protest Pension Benefit Cuts (Rhode Island Public Radio)

Pennsylvania Public School Employees returns 10.14% for fiscal year (Pensions & Investments)

Iowa pension puts managers on chopping block (Institutional Investor)

Public Pensions - Biggest Financial Crisis Since The Great Depression? (Seeking Alpha)

PERA reforms explained: What’s at stake in Colorado’s $32 billion pension problem (Denver Post)

GOP lawmakers spend hours debating pension reform. Public workers still in the dark. (Lexington Herald Leader)

OP-ED On pensions, Kentucky should heed W. Virginia’s hard-learned lessons (Lexington Herald Leader)

Commentary: Myth-busting the pension debate (Insider Louisville)