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
State pension fund divestment efforts make progress in CA and Oregon
https://www.responsible-investor.com/state-pension-fund-divestment-efforts-make-progress-in-california-and-oregon/
Surge in pension costs may impact future budgets city says
https://www.bakersfield.com/news/surge-in-pension-costs-may-impact-future-budgets-city-says/article_4d1c4f1a-eb06-11ee-9724-2f94144aa7d8.html
NATIONAL NEWS
Chicago Municipal employees pension fund returns 10.9% for FY
https://www.pionline.com/pension-funds/chicago-municipal-employees-pension-fund-returns-109-2023
Report: $1.4B more needed from, taxpayers for Illinois universities
https://www.illinoispolicy.org/report-1-4b-more-needed-from-taxpayers-for-illinois-universities/
World’s largest pension fund explores bitcoin as an investment
https://www.cnbc.com/2024/03/19/japan-pension-fund-explores-bitcoin-as-an-investment.html
Retirees’ pensions were restored. Debate about it hasn’t died.
https://www.nytimes.com/2024/03/22/business/multiemployer-pensions-retirement-benefits.html
Phoenix boss calls for pensions shake-up to boost struggling stock market
https://uk.finance.yahoo.com/news/phoenix-boss-calls-pensions-shake-125117310.html