Pension Update – July 3, 2023

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 NEWS

MOVEit hack reaches California state workers’ pension fund

https://statescoop.com/calpers-moveit-hack-california-workers-pension-fund/ 

CalPERS: Personal data of more than 700,000 retirees, beneficiaries stolen

https://www.cbsnews.com/sanfrancisco/news/calpers-pension-officials-say-personal-data-700000-retires-benificeries-stolen-russsia-hackers/ 

Mexico joins effort to locate retired boxers owed California pensions

https://www.latimes.com/california/story/2023-06-22/mexico-joins-effort-to-locate-retired-boxers-owed-california-pensions 

NATIONAL NEWS

Biz groups excluded from Johnson’s pension panel

https://www.chicagobusiness.com/politics/mayor-brandon-johnsons-pension-working-group-excludes-business-interests

$5 million transfer made to city employee pension plan

https://www.albanyherald.com/news/5-million-transfer-made-to-city-employee-pension-plan/article_4d87cf6c-12bf-11ee-9333-037e167458d2.html 

Chicago pension task force begins work

https://www.bondbuyer.com/news/chicago-eyes-long-term-pension-funding-solutions

US public pensions could be $21 billion richer right now, says new University of Waterloo and Stand.earth report

https://finance.yahoo.com/news/u-public-pensions-could-21-040100871.html 

Pension risk meter on the rise for Chicago and Illinois, reports warn

https://www.bondbuyer.com/news/pension-risk-meter-on-the-rise-for-chicago-and-illinois-reports-warn 

Midland working to fix underfunded fire department pension fund

https://www.newswest9.com/video/news/local/midland-working-to-fix-underfunded-fire-department-pension-fund/513-b94e78e4-36f6-4668-801a-03ca8a6b2cef