CalPERS to invest $800 million in California public works
CalPERS today moved to create an $800 million fund to invest in California infrastructure - highways, bridges, ports, power-transmission lines and more. (Sacramento Bee)
Feds: Public workers paid better than private workers
Here's the latest on who makes what from the U.S. Bureau of Labor Statistics (whose workers, we'll point out here, happen to be public employees). (Orange County Register)
Calpers Exits Fund Headed by Ex-Chairman of SEC After Losses
The California Public Employees' Retirement System, the nation's largest pension, is winding down a European fund managed by former U.S. Securities and Exchange Commission Chairman Richard Breeden after it lost $71.5 million. (San Francisco Chronicle)
Jerry Brown rallies unions in Las Vegas, slams GOP
Fresh off a legislative session in which Republicans killed his tax plan, Gov. Jerry Brown went into campaign mode Monday, attacking the GOP in a barn-burning speech before thousands of union delegates at a labor convention in Las Vegas. (Los Angeles Times)
Our view: State erred in blocking collective bargaining
It seems that a fairly substantial issue gets approved during the final days of each session of the General Assembly. And it often happens quietly, with virtually no debate. And it is likely that those who disapprove of the 11th-hour legislation didn't have a clue that it was in a bill.... At the same time, the Republican-controlled Legislature tucked a provision in the state budget this year that bars any Indiana governor from granting collective bargaining rights to state workers. (Post-Tribune)
State hospital medication bill goes to governor
A bill that would streamline the process of providing involuntary medications to hospital patients who refuse treatment passed the state Assembly on Thursday. (Napa Valley Register)
Tuesday editorial: PERS pension data should be public
In a few weeks, Oregonians will have the opportunity to see what size pension each current PERS retiree receives. The upcoming disclosure has created qualms for participants in the Public Employees Retirement System. But the release of data is in their best interests as taxpayers. (Statesman-Journal)
Legal fight over Scott's plan to limit HMOs ends
TALLAHASSEE, Fla. -- A legal fight over Gov. Rick Scott's plan to limit health care plans for state workers appears to be coming to an end. (Miami Herald)
RI pension panel's final meeting draws overflow crowd
CRANSTON, R.I. -- Growing anxiety among retired state workers over the future of their promised pensions became visibly apparent this morning at the last meeting of the state pension advisory meeting. (Providence Journal)
ING Looks to Help Public Employers Weigh Overhaul of Retirement Plans
Facing the twin blights of constrained state budgets and eroding market value amid the still-sputtering economy, retirement programs for public employees are under siege, with numerous state and local employers either undertaking or considering massive restructuring of their benefit plans. Financial services giant ING, which provides planning and service to 22 states and some 4,300 towns and municipalities, has unveiled a comprehensive research framework for public employers contemplating such a change, including a detailed checklist to help untangle what can be an intense political and emotional fight. (Financial Planning)
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