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

Marin Voice: Pension reformers pleased with state court’s pension ruling (Marin Independent Journal)
https://www.marinij.com/2019/03/08/marin-voice-pension-reformers-pleased-with-state-courts-pension-ruling/

Joel Fox: LAUSD’s rushed parcel tax threatens local businesses (LA Daily News)
https://www.dailynews.com/2019/03/08/lausds-rushed-parcel-tax-threatens-local-businesses/

California and other state pensions fought guns and tobacco. Why aren’t they divesting from opioids? (Bloomberg)
https://www.mercurynews.com/2019/03/08/state-pensions-fought-guns-and-tobacco-why-arent-they-divesting-from-opioids/

New pension-cut rulings begin with little change (Fox & Hounds)
http://www.foxandhoundsdaily.com/2019/03/new-pension-cut-rulings-begin-with-little-change/

Appeals court debates possible resolutions to San Diego pension case (San Diego Union Tribune)
https://www.sandiegouniontribune.com/news/politics/sd-me-pension-appeals-court-20190311-story.html

Courts tackle San Diego pension reform initiative (10 News San Diego)
https://www.10news.com/news/local-news/courts-tackle-san-diego-pension-reform-initiative

Rating agencies weigh in on California pension ruling (Bond Buyer)
https://www.bondbuyer.com/news/rating-agencies-weigh-in-on-california-pension-ruling

Personal data for 1,000 pensioners accessed from OC Sanitation District (OC Register)
https://www.ocregister.com/2019/03/11/personal-data-for-1000-pensioners-accessed-from-oc-sanitation-district/

Editorial | Court ruling didn’t solve California pension crisis (Santa Cruz Sentinel)
https://www.santacruzsentinel.com/2019/03/12/editorial-court-ruling-didnt-solve-california-pension-crisis/

California state workers in L.A., San Francisco should be paid more, new report finds (Sacramento Bee)
https://www.sacbee.com/news/politics-government/the-state-worker/article227477319.html

CalPERS Says No to Legislation Forcing It to Divest from Private Prisons (Chief Investment Officer)
https://www.ai-cio.com/news/calpers-says-no-legislation-forcing-divest-private-prisons/

CalPERS to weigh approving outside entities to manage private equity investments (Pensions & Investments)
https://www.pionline.com/article/20190313/ONLINE/190319952/calpers-to-weigh-approving-outside-entities-to-manage-private-equity

National Stories

Shortfalls in Funding State Government Employee Pensions (Independent Institute)
http://blog.independent.org/2019/03/09/shortfalls-in-funding-state-government-employee-pensions/

Sweeney: More health care savings possible than in Murphy’s budget (Burlington County Times)
https://www.burlingtoncountytimes.com/news/20190310/sweeney-more-health-care-savings-possible-than-in-murphys-budget

Pension payments to hold steady for most retired public employees in the WRS, state officials say (Wisconsin State Journal)
https://madison.com/wsj/business/pension-payments-to-hold-steady-for-most-retired-public-employees/article_a434c025-ca51-5d29-8659-e288231f32fc.html

Opinion Spotlight: Revolt of the tax payers? (Peoria Journal-Star)
https://www.pjstar.com/opinion/20190308/spotlight-revolt-of-tax-payers

COMMENTARY: Blame government unions, not illegals, for financial woes (Las Vegas Review-Journal)
https://www.reviewjournal.com/opinion/commentary-blame-government-unions-not-illegals-for-financial-woes-1614718/

Sweeney defends pension reform plan at town hall (Burlington County Times)
https://www.burlingtoncountytimes.com/news/20190312/sweeney-defends-pension-reform-plan-at-town-hall

Thomas Mitchell: Do not shroud public pensions in secrecy (Elko Daily Free Press (Nev.))
https://elkodaily.com/opinion/columnists/thomas-mitchell-do-not-shroud-public-pensions-in-secrecy/article_48f52701-43c1-5715-a193-1a87a3fff3e6.html