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
CA to fund 401k’s for prison guards on top of CalPERS pension in ‘major policy change’
https://www.sacbee.com/news/politics-government/the-state-worker/article278777594.html
Military pensions would be exempt from California state taxes under pending legislation
https://abc7.com/california-veterans-military-pensions-state-taxes-retirement-in/13719931/
California Construction Pension gets $436M PBGC bailout
https://news.bloomberglaw.com/employee-benefits/pbgc-approves-funding-for-california-construction-pension-plan
Santa Barbara County Employees Pension fund turns 7.1% for FY
https://www.pionline.com/pension-funds/santa-barbara-county-employees-pension-fund-returns-71-fiscal-year
NATIONAL NEWS
Pension underfunding burden will fall on future North Dakota Public Employees
https://www.forbes.com/sites/dandoonan/2023/08/29/pension-underfunding-burdens-will-fall-on-future-north-dakota-public-employees/?sh=6737fa2927a2
Maryland Ironworkers Pension Plan gets approval for funding
https://news.bloomberglaw.com/employee-benefits/maryland-ironworkers-pension-plan-gets-approval-for-funding
Mississippi public employees posts gross return 7.8% for FY
https://www.pionline.com/pension-funds/mississippi-public-employees-posts-gross-return-78-fiscal-year