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
CA’s unfunded pension liabilities are ballooning out of control. Here’s the fix
https://www.sfchronicle.com/opinion/openforum/article/california-pension-liability-401k-19419143.php
CA’s leaders still ignoring state pension debt
https://reason.com/2024/05/10/californias-leaders-still-ignoring-state-pension-debt/
CA’s pension giants clash with Exxon over climate issues
https://finimize.com/content/californias-pension-giants-clash-with-exxon-over-climate-issues
California pension to consider non-US equity manager hires, new PE portfolio structure
https://www.fin-news.com/2024/05/07/calif-pension-to-consider-equity-mgr-hires-new-pe-portfolio-structure/
Transparent CA completes annual data collection of public pay, pension
https://contracostaherald.com/transparent-california-completes-annual-data-collection-of-public-pay-pensions/
NATIONAL NEWS
Letters: Blame for pension problem pinned on the wrong people
https://www.chicagotribune.com/2024/05/05/letters-050524-pension-debt-illinois/
San Antonio Fire & Police shifts $45M to private debt funds
https://alternativecreditinvestor.com/2024/05/08/san-antonio-fire-police-shifts-45m-to-private-debt-funds/
State pension age increase floated as future retirees ‘to be poorer than pensioners today
https://www.bellevueheraldleader.com/news/national/state-pension-age-increase-floated-as-future-retirees-to-be-poorer-than-pensioners-today/video_ed0a5840-52d8-5edc-9065-0b264c4998d1.html
Groups calls for investigation into NY state pension funds over possible ties to ‘predatory’ legal lenders
https://nypost.com/2024/05/12/us-news/groups-call-for-investigation-into-ny-state-pension-funds-over-possible-ties-to-predatory-legal-lenders/