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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…

Headline: City Pension Reform In San Diego Not Welcomed By All
Publication: KPBS
Article Date: Nov 16, 2016

Article Commentary by Mark Nanzer, RESDC Executive Director
Here is an interesting article on the history of pension reform efforts at the City of San Diego.  It includes perspectives from the former mayor who is pro-pension reform to employees union representatives who discuss the negative impacts of Proposition B since it was passed in 2012. Read article…

Headline: California’s top court will review major public pension ruling
Publication: LA Times
Article Date: Nov 22, 2016

The California Supreme Court has agreed to review a lower court ruling that reversed long-standing prohibitions that prevented state and local governments and school districts in California from cutting public pension benefits.  A final decision is at least a year away. Read article…