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
Newsom shifts pension cost
https://www.thedesertreview.com/news/state/newsom-shifts-pension-cost/article_d6d19ada-fc13-11ee-aa7a-978650368ad5.html
CalPERS ditches automatic discount rate reductions giving power back to board
https://www.pionline.com/pension-funds/calpers-ditches-automatic-discount-rate-reductions-giving-power-back-board
West Coast County taps firm for pension trust services
https://www.fin-news.com/2024/04/16/west-coast-county-taps-firm-for-pension-trust-services/
NATIONAL NEWS
North Dakota plan to conduct private markets search; hires fixed-income mgr.
https://www.fin-news.com/2024/04/16/midwest-pension-to-conduct-private-markets-search-hires-fixed-income-mgr/
Pension funds are pulling $325B from stocks
https://www.wsj.com/finance/investing/pension-funds-stocks-bonds-679b8536
Wall St. friends of Gina are giddy to get millions from RI pension fund for doing nothing
https://www.golocalprov.com/business/Wall-St.-Friends-of-Gina-Giddy-To-Get-Millions-From-RI-Pension-Fund-for-Doi
Arizona state retirement system demystifies pension calculation process for future retirees
https://hoodline.com/2024/04/arizona-state-retirement-system-demystifies-pension-calculation-process-for-future-retirees/
Ousted STRS member makes dramatic return to board, armed with court ruling
https://www.nbc4i.com/news/politics/court-sides-with-ousted-strs-member-says-governor-overstepped-authority-to-remove-him/