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Headline: ‘California Rule’ Case Could Bring National Pension Ripples
Publication: The Bond Buyer
Article Date: Dec 22, 2016

“The Supreme Court of California has a case before it with the potential to alter the political and legal conversations about pensions in the Golden State and beyond.” Read article…

Headline: CalPERS ratifies lower investment forecast. Higher pension contributions are coming.
Publication: The Sacramento Bee
Article Date: Dec 21, 2016

A lackluster investment climate led the CalPERS board to agree to reduce its official investment forecast by a half a percentage point over the next three years. This will mean higher pension contribution rates for the state, local governments, school districts and at least some public employees. Gov. Jerry Brown applauded the move, stating “This will make for a more sustainable system.” Read article…

Headline: Bachrach’s proposal of federal intervention wrong for pensions
Publication: The Hill
Article Date: Nov 16, 2016

In this article penned by Hank Kim, Executive Director and counsel, National Conference on Public Employee Retirement Systems, Hank points out inaccuracies and exaggerations in an opinion by Ed Bachrach, the Founder and Chairman of the Center for Pension Integrity.  Bachrach calls for federal  intervention of Federal, State and local Public pension plans.  This included recommending plans report the actual future cost of the benefits the plans are obligated to pay, not discounted by any expected earnings. Read article…

Headline: CalPERS widens its ban on tobacco-related investments
Publication: UT San Diego
Article Date: Dec 19, 2016

The CalPERS board rejected its staff’s suggestion to lift the tobacco investment ban, and instead voted to extend the restriction to include funds managed by outside firms. The discussion prior to the vote focused on the outlook for the tobacco industry, and the economics of investing in tobacco-related securities. Read article…