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
CalPERS CIO Nicole Musicco pushed sports deals before calling it quits
https://www.pionline.com/pension-funds/calpers-cio-nicole-musicco-pushed-sports-deals-calling-it-quits
California pensions investment chief steps down less than 2 years into job
https://www.reuters.com/business/california-pensions-investment-chief-step-down-family-reasons-2023-09-15/
America’s largest public pension is in search of a new CIO
https://www.forbes.com/sites/jimscheinberg/2023/09/15/americas-largest-public-pension-is-in-search-of-a-new-cio/?sh=2a1a06673388
CA legislature passes bill creating MMA fighters pension fund
https://patch.com/california/sacramento/ca-legislature-passes-bill-creating-mma-fighters-pension-fund
California pension plan approves PE commitment
https://www.fin-news.com/2023/09/14/calif-pension-plan-approves-pe-commitment/
NATIONAL NEWS
Illinois grapples with one of the worst funded public pensions in the US
https://newschannel20.com/news/local/pension-crisis-illinois-grapples-with-one-of-the-worst-funded-public-pensions-in-the-us
Connecticut pension fund returns 8.5% for fiscal year
https://www.pionline.com/pension-funds/connecticut-pension-fund-returns-85-fiscal-year
Chicago mayor vows new revenue, long-term pension fix
https://www.bondbuyer.com/news/chicago-mayor-vows-new-revenue-long-term-pension-fix
Chicago to contribute $2.7 billion city’s underfunded pension plans
https://www.pionline.com/pension-funds/chicago-contribute-27-billion-citys-underfunded-pension-plans
How Illinois can finally gain traction in solving its pension crisis
https://www.chicagotribune.com/opinion/commentary/ct-column-illinois-pensions-how-to-move-forward-part-five-greising-20230917-hw5flaqeozdtlcztq5qaey7q6q-story.html
Opinion: Facts show CT pension invest ent management demands reforms no attacks on researchers
https://www.courant.com/2023/09/17/opinion-facts-show-ct-pension-investment-management-demands-reforms-not-attacks-on-researchers/