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
San Diego pension debt back over $3B thanks to higher long-term projections for salaries, retiree benefits
https://www.sandiegouniontribune.com/news/politics/story/2023-09-09/san-diego-pension-debt-back-over-3b-thanks-to-higher-long-term-projections-for-salaries-retiree-benefits
Santa Barbara County’s unfunded pension liability up 73%
https://calcoastnews.com/2023/09/santa-barbara-countys-unfunded-pension-liability-up-73/
NATIONAL NEWS
Washington focuses pension risk transfer market, but is anything broken?
https://www.pionline.com/pension-risk-transfer/washington-focuses-pension-risk-transfer-market-anything-broken
Michigan Pension loses Lawsuit against unilever over Ben & Jerry’s Israel boycott
https://www.ai-cio.com/news/michigan-pension-loses-lawsuit-against-unilever-over-ben-jerrys-israel-boycott/
Postal Service must immediately fund employee pension obligations
https://www.fedweek.com/federal-managers-daily-report/postal-service-must-immediately-fund-employee-pension-obligations/
Traditional pension plans are pretty rare. But here’s who still has them and how they work
https://www.cnn.com/2023/09/07/success/pensions-retirement-savings-explained/index.html
Illinois faces growing pension challenges
https://www.thetelegraph.com/news/article/illinois-faces-growing-pension-challenges-18359290.php
Ohio Pension sues Amazon for snubbing SpaceX in favor of Blue Origin
https://www.ai-cio.com/news/ohio-pension-sues-amazon-for-snubbing-spacex-in-favor-of-blue-origin/