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
The big California pension fund couldn’t keep up wight a generic stock and bond portfolio
https://www.barrons.com/articles/calpers-california-pension-stock-market-4cb0e127
CalPERS posts 5.8% gain helped by stocks and private debt
https://www.bloomberg.com/news/articles/2023-07-19/calpers-pension-gains-on-stock-rally-while-private-equity-disappoints?in_source=embedded-checkout-banner
NATIONAL NEWS
Chicago has a pension crisis, but it’s not progressives’ fault
https://newrepublic.com/article/174429/chicago-pension-crisis-brandon-johnson-progressives
Illinois, Chicago public pension crisis worst in US
https://www.illinoispolicy.org/report-illinois-chicago-public-pension-crises-worst-in-u-s/
Texas pension to redeem international value manager
https://www.fin-news.com/2023/07/19/texas-pension-to-redeem-intl-value-manager/
Comptroller: Texas woman stole more than $65K in NYS pension payments
https://cbs6albany.com/news/local/comptroller-texas-woman-stole-more-than-65k-in-nys-pension-payments
Ron DeSantis takes aim at Bud Light’s maker. What Florida’s pension holds in BUD stock.
https://www.barrons.com/articles/ron-desantis-bud-light-stock-florida-pension-f7848417
For 1,800+ former Pa. state employees, retirement pay tops $100,000. How?
https://www.pennlive.com/politics/2023/07/for-1800-former-pa-state-employees-retirement-pay-tops-100000-how.html