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
Opinion: California’s the only state that fully taxes military pensions. This bill would change that.
https://www.sandiegouniontribune.com/opinion/commentary/story/2023-08-02/opinion-california-military-pension-tax-san-diego-ab46-archuleta
CalSTRS becomes latest pension fund to cut China exposure
https://asia.nikkei.com/Spotlight/DealStreetAsia/CalSTRS-becomes-latest-pension-fund-to-cut-China-exposure
NATIONAL NEWS
How poorly funded are Illinois’ pensions? New resource helps public find out
https://www.audacy.com/wbbm780/news/local/new-tool-displays-illinois-poorly-funded-pensions
Louisiana Municipal employees reports preliminary net return of 9.2% for fiscal year
https://www.pionline.com/pension-funds/louisiana-municipal-employees-reports-preliminary-net-return-92-fy
A Pittsburgh pension plan will get a $260 million bailout under Biden’s stimulus bill
https://www.post-gazette.com/news/politics-nation/2023/08/02/pittsburgh-pension-bailout-stimulus/stories/202308020116
How bad is Illinois’ pension problem?
https://www.illinoispolicy.org/policy-shop/the-policy-shop-last-place/
Unions, municipalities celeb rate plan to save $740M in pension costs
https://ctnewsjunkie.com/2023/08/01/unions-municipalities-celebrate-plan-to-save-843-million-in-pension-costs/
Michigan municipalities to get state aid for under-funded pensions
https://www.thecentersquare.com/michigan/article_bcc98c42-2fae-11ee-8516-c33019a327fe.html