Star-News reporter Dan Abendschein points out a new blog about public pensions, Calpensions.com. The blog is a project of Ed Mendel, a reporter who covered Sacramento for nearly 30 years.
Here’s a snipet about the blog:
The main focus of Calpensions.com is the pair of big pension funds based in Sacramento, the California Public Employees Retirement System and the California State Teachers Retirement System, which have two of the world’s largest investment portfolios.
There also are more than 80 smaller public employee pensions funds in California. Among them are 22 pension funds operated by counties, 32 by cities and 25 by special districts.
Most of the pension funds face the same basic issues. Are pension benefits negotiated by employer unions too generous? Will growing pension costs cut deeply into funding for other government programs?
With their investment clout, the big pension funds can push for better corporate performance, energy-efficient buildings and other policies. The operations of these wealthy and powerful funds are worth a closer look.