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

California Today: Is the Long-Looming Pension Crisis Already Here? (New York Times)

Ventura County taxpayer group joins state Supreme Court case challenging 'California Rule' (Ventura County Star)

Crucial court pension-cut ruling not on fast track (Calpensions)

Defaults, pensions raise doubt over Victorville’s ability to pay bills (Victorville Daily Press)

Pismo Beach makes $2 million payment to CalPERS (KSBY)

Fountain Valley tries to stay ahead of pension interest with midyear budget amendment (Daily Pilot)

Q&A: Antonio Villaraigosa on Immigration, Healthcare and Collaborative Pension Reform (San Jose Inside)

New retirees in Gardena, Pasadena and Riverside make $200,000 pensions (LA Daily News)

National Stories

Public employee retirement systems could face shortfalls as retirees outnumber workers (Bloomberg News)

Over 100 local public entities in Michigan found to have underfunded retirement benefits (American City & County)

Gov. Phil Murphy should pay his pension debt before adding new programs | Mulshine (

Pensions to Wisconsin Retirees Increasing 2.4 Percent (AP)

New Jersey Gov. Phil Murphy Proposes Raising Sales Tax Back to 7% (Wall Street Journal)


Why Are Lawmakers Debating PERA? Here’s What You Need To Know (Colorado Public Radio)

Nevada Supreme Court to rule on years-long dispute over transparency of state's public pensions (Nevada Watchdog)

Opinion: KPERS benefits should not go to lobbyists (The Garden City Telegram)

Editorial: Hooray for teachers in delayed pension vote (Journal Times (W.V.))

Op-ed: The Tax Act will make it tougher for cities to pay their bills (Boston Globe)

Pa. pension returns lag assumptions through December (Central Penn Business Journal)

Lawmakers should start over on pension reform. Otherwise, teachers may expel them. (Lexington Herald Leader)

Kentucky teachers rally for their pensions in Frankfort (WCPO)

Howes: Law reveals Mich. municipal legacy obligations (The Detroit News)

$250M In Borrowing Pitched For Pensions (New Haven Indepedent)