News Now
California Supreme Court Hears Arguments In Prop B Pension Case
Headline: California Supreme Court Hears Arguments In Prop B Pension Case
Publication: KPBS
Article Date: May 29, 2018
On Tuesday May 29, the California Supreme Court heard oral arguments in a case that could overturn San Diego city’s 2012 pension reform measure. City voters approved Proposition B, ending guaranteed pensions for all new city employees except police officers, and replacing the pensions with 401(k)-style retirement accounts. Unions representing city employees sued, arguing that then-Mayor Jerry Sanders was required to meet with unions over any changes to employee benefits. Read article…
The big myth about America’s pension crisis
Headline: The big myth about America’s pension crisis
Publication: CNN Money
Article Date: Apr 25, 2018
This article addresses misconceptions about the debate over the “so-called” pension crisis. Read article…
NCPERS Study Shows Public Pensions Are Net Contributors to Government Revenues
Headline: NCPERS Study Shows Public Pensions Are Net Contributors to Government Revenues
Publication: Business Wire
Article Date: May 16, 2018
“Public pension funds contributed a net $137.3 billion to state and local government coffers during 2016, underscoring their power to strengthen the U.S. economy, according to a new analysis by the National Conference on Public Employee Retirement Systems.” Read article…
Editorial – Time for politicians to keep their promises and invest in pensions
Headline: Time for politicians to keep their promises and invest in pensions
Publication: The Hill
Article Date: May 14, 2018
Great Op-ed on politicians “not always holding up their end of the bargain” by underfunding public pension plans. Read Op-ed…
CA Attorney General Leads Coalition to Protect the Fiduciary Rule
Headline: California Attorney General Leads Coalition to Intervene in Federal Lawsuit to Protect Retirees Against Financial Advisors Who Put Their Own Financial Gain Ahead of Their Client’s Best Interests
Publication: Sierra Sun Times
Article Date: Apr 27, 2018
“Joined by the Attorneys General of New York and Oregon, California Attorney General Xavier Becerra [on April 26] filed a motion to intervene in Chamber of Commerce of the USA, et al. v. U.S. Department of Labor, et al. in order to defend regulations that require retirement investment advisors to put the interests of their clients above their own financial gain.” Read article…