News Clips for October 23, 2018
A GIANT PILE OF MONEY
How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees
CalSavers.com is now live!
What governor candidates would do about the pension mess
Connecticut's pension liabilities are the second-highest, per capita, in the nation, nearly 16 percent of the two-year, $40 billion state budget.
Has Connecticut Found A Solution To Underfunded Public Pensions?
State policy makers living with the implications of these deficits (often not of their own making) are listening carefully to proposed solutions. One state that is paying particularly close attention is Connecticut.
How will governor candidates tackle Illinois' big pension problem?
It's how the state will cope with the $130 billion debt owed to the five state-funded pension systems.
Pulse of the Voters: Teachers look to have voices heard
(Kentucky) Majorities in the Senate and House of Representatives are at stake, and with them the direction the United States will take culturally and politically for at least two years - probably more.
Ohio's biggest public pension fund lowers expectations
The Ohio Public Employees Retirement System trustees on Wednesday voted to change its assumed rate of return on its $101.4 billion in assets - a move that may eventually impact benefits for its 1 million members and retirees.
Where Pennsylvania's candidates for governor stand on issues
A look at where the two candidates for Pennsylvania governor - Democratic Gov. Tom Wolf and Republican nominee Scott Wagner - stand on some key issues, from abortion rights to taxes. Wolf is seeking a second 4-year term. Wagner, who runs a waste-hauling company, served four years in the state Senate before resigning in June. The election is Nov. 6.
Pension change could help recruit, retain public safety dispatchers, city staff says
(Texas) The Denton City Council got behind several staff recommendations to beautify several spots around the city, renew a contract for its tech startup program, and change pension benefits to help recruit and retain public safety dispatchers.
California Public Employees Vote Against Pension-Fund Activism
Playing politics with other people's savings is never popular. (subscription required)
Don't blame workers for state's financial problems
(Illinois) The clear implication that the state's budget problems stem from state workers being overpaid is a frequent talking point of Gov. Bruce Rauner. It's false
Letter: Don't trust GOP's IPERS promises
(Iowa) In a letter to the editor on Oct. 12, Ross Paustian stated he supports IPERS in an attempt to dispel any "rumors" that he and his Republican colleagues will vote to privatize the Iowa Public Employees Retirement pension system.
No excuse for treating state retirees so badly
(Maryland) Attorneys Deborah Hill and Breon Johnson need to be applauded for representing a small handful of Maryland state retirees suing Maryland for the terms of the state pension reform bill of 2011 which strips the prescription medication insurance plan from retirees forcing them to use Medicare instead which is a vastly inferior drug coverage ("Maryland extends drug coverage after judge rules state retirees don't have to switch plans," Oct. 11).