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
How, and when, should SD pay off its $3.4B pension debt? As budget woes loom, officials are weighing these options
https://www.sandiegouniontribune.com/news/politics/story/2024-01-09/how-and-when-should-san-diego-pay-off-its-3-4b-pension-debt-as-budget-woes-loom-officials-are-weighing-these-options
Longtime investment chief at California teachers’ pension fund will retire this summer
https://www.sacbee.com/news/politics-government/the-state-worker/article284125733.html
NATIONAL NEWS
Corporate pensions suddenly looking in good shape
https://www.axios.com/2024/01/09/pensions-retirement-401k-3m-freeze
State pensions for public workers in Florida could be boosted under new legislation
https://www.tallahassee.com/story/news/politics/2024/01/08/lawmakers-senate-bill-proposes-major-changes-to-florida-retirement-system-new-cola-and-benefit-plans/72110559007/
Connecticut pension wants to expand mid-market PE exposure
https://www.buyoutsinsider.com/connecticut-pension-wants-to-expand-mid-market-pe-exposure/
Most US public pension funds are distressed, per Equable report
https://www.ai-cio.com/news/most-us-public-pension-funds-are-distressed-per-equable-report/
Iowa’s chief justice asks lawmakers for apy increase for judges, pension changes
https://iowacapitaldispatch.com/2024/01/10/condition-of-the-judiciary-2024-susan-christensen-judicial-pay/
Taxpayer advocates push fixes for Chicago’s massive pension debt
https://www.illinoispolicy.org/taxpayer-advocates-push-fixes-for-chicagos-massive-pension-debt/