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
The CA taxpayer is on the hook
https://www.wsj.com/articles/california-calpers-pension-benefits-tax-a1a9aa96
West coast pension approves inflation hedge commitments
https://www.fin-news.com/2024/06/06/west-coast-pension-approves-inflation-hedge-commitments/
CA pension fund opposes ‘ridiculous’ Elon Musk pay package at Tesla
https://www.cnbc.com/2024/06/10/california-pension-fund-opposes-teslas-ridiculous-elon-musk-pay-package.html
NATIONAL NEWS
NY State legislature passes bill to give families full pension upon death of retirement eligible transit workers
https://www.nydailynews.com/2024/06/05/n-y-state-legislature-passes-bill-to-give-families-full-pension-upon-death-of-retirement-eligible-transit-workers/
Texas fire pension posts investment consultant RFQ
https://www.fin-news.com/2024/06/06/texas-fire-pension-posts-investment-consultant-rfq/
Dallas pension systems dismal 10-year return has some questioning its fund management
https://www.dallasnews.com/news/politics/2024/06/07/dallas-pension-systems-dismal-10-year-return-has-some-questioning-its-fund-management/
Say goodbye to pension plans: they are disappearing, and these are the alternatives
https://lagradaonline.com/en/goodbye-pension-plans-alternatives/
Illinois government’s $100K salary and pension club: 140,000 members and rising
https://wirepoints.org/illinois-governments-100k-salary-and-pension-club-140000-members-and-rising-wirepoints/