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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…

Headline: CalPERS eyes vote to reduce assumed rate of return
Publication: Pensions and Investments
Article Date: Nov 16, 2016

The California Public Employees’ Retirement System (CalPERS) is considering a board vote in February 2017 to lower the assumed rate of return on its investments. The move comes after CalPERS’ chief investment officer and consultants informed the board that the pension fund’s 7.5% assumed rate of return is too high. Read article…