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
Carlsbad budget surplus gives boost to programs, pension payments
https://www.northcoastcurrent.com/carlsbad/2023/10/carlsbad-budget-surplus-gives-boost-to-programs-pension-payments/
US pension fund CalSTRS commits $275M to Bain and CVC’s PE funds in H1 2023
https://www.dealstreetasia.com/stories/calstrs-commits-to-bain-cvc-funds-366255
Illinois and California have largest unfunded pension liabilities
https://www.bondbuyer.com/news/illinois-and-california-have-largest-unfunded-pension-liabilities
LA County Pension seeks Senior Investment Officer for real estate
https://www.ai-cio.com/news/l-a-county-pension-seeks-senior-investment-officer-for-real-estate/
NATIONAL NEWS
Connecticut budget surplus paying down billions in pension debt
https://insideinvestigator.org/connecticut-budget-surplus-paying-down-billions-in-pension-debt/
US corporate pension funding rises in September on falling liabilities
https://www.pionline.com/pension-funds/us-corporate-pension-funding-rises-september-falling-liabilities
Reason’s state pension tracker has Illinois second largest for pension debt
https://www.advantagenews.com/news/local/reasons-state-pension-tracker-has-illinois-second-largest-for-pension-debt/article_99ffd572-6393-11ee-be11-53034175df1f.html
Former mayors: City must honor pledge to voters, let pension tax expire once debt is paid
https://www.news-leader.com/story/opinion/2023/10/08/former-mayors-say-springfield-must-let-pension-tax-expire/71061196007/
US pension fund TRS of Texas commits $125M to TPG’s latest Asia vehicle
https://www.dealstreetasia.com/stories/trs-of-texas-tpg-asia-vehicle-366068