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
Why are California’s public pension funds still gambling workers’ savings on fossil fuels
https://www.commondreams.org/opinion/california-pension-funds-fossil-fuels
California’s pension debt remains a serious challenge
https://www.ocregister.com/2023/10/17/jon-coupal-californias-pension-debt-remains-a-serious-challenge/
Despite new pension law, thousands of retired California teachers are still paying for others mistakes
https://www.montereyherald.com/2023/10/17/despite-new-pension-law-thousands-of-retired-california-teachers-are-still-paying-for-others-mistakes/
Gov. Newsom signs bill creating MMA pension fund
https://www.kron4.com/news/bay-area/gov-newsom-signs-bill-creating-mma-pension-fund/
NATIONAL NEWS
Rhode Island retirees voice concerns over suspended pension benefits
https://turnto10.com/news/local/rhode-island-retirees-voice-concerns-over-suspended-pension-benefits-southern-new-england-october-18-2023
Ohio public pension funds want employers to pay more toward retirement
https://www.dispatch.com/story/news/politics/state/2023/10/17/ohios-biggest-public-pension-funds-seek-more-money-from-taxpayers/71204592007/
Arizona pension to consider co-investments with managers outside its portfolio
https://www.buyoutsinsider.com/arizona-pension-to-consider-co-investments-with-managers-outside-its-portfolio/
$4.9B in pension, debt costs squeeze essentials from Chicago 2024 budget
https://www.illinoispolicy.org/4-9b-in-pension-debt-costs-squeeze-essentials-from-chicago-2024-budget/