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
California pension struggles to ditch fossil fuels funds
https://www.governing.com/finance/california-pension-struggles-to-ditch-fossil-fuels-funds
The big California pension fund couldn’t keep up wight a generic stock and bond portfolio
https://www.barrons.com/articles/calpers-california-pension-stock-market-4cb0e127
CalPERS posts 5.8% gain helped by stocks and private debt
https://www.bloomberg.com/news/articles/2023-07-19/calpers-pension-gains-on-stock-rally-while-private-equity-disappoints?in_source=embedded-checkout-banner
NATIONAL NEWS
Detroit retiree fought historic bankruptcy pension and saving fund cut. How he moved on.
https://www.freep.com/story/money/personal-finance/susan-tompor/2023/07/17/detroit-bankruptcy-retiree-pension-saving-fund-cuts/70187387007/
Midwest pension plan issues diversified strategies consultant RFP
https://www.fin-news.com/2023/07/17/midwest-pension-plan-issues-diversified-strategies-consultant-rfp/
New England pension plans seeking infrastructure mgrs.
https://www.fin-news.com/2023/07/17/new-england-pension-plans-seeking-infrastructure-mgrs/
Chicago has a pension crisis, but it’s not progressives’ fault
https://newrepublic.com/article/174429/chicago-pension-crisis-brandon-johnson-progressives
Illinois, Chicago public pension crisis worst in US
https://www.illinoispolicy.org/report-illinois-chicago-public-pension-crises-worst-in-u-s/