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
VC firm co-owned by California pensions debuts with $1B
https://www.bloomberg.com/news/articles/2023-11-14/vc-firm-co-owned-by-california-pensions-debuts-with-1-billion
NATIONAL NEWS
Democrats pass $1.8B pension boost for Pennsylvania retirees
https://www.foxnews.com/us/democrats-pass-1-8-billion-pension-boost-pennsylvania-retirees
Almost 80 corporations expect to keep pension plans
https://www.pionline.com/pension-funds/aon-almost-80-corporations-expect-keep-pension-plans
Midwest pension considering private markets funds
https://www.fin-news.com/2023/11/14/midwest-pension-considering-private-markets-funds/
Bill to boost pensions for retired Chicago cops will cost city $60M
https://chicago.suntimes.com/2023/11/13/23959746/chicago-police-pension-boost-60-million-dollar-price-tag
Public workers may receive reduced SS benefits. There’s growing support in Congress to change that.
https://www.cnbc.com/2023/11/12/some-public-workers-may-receive-reduced-social-security-benefits.html