Public Employee pensions have become an increasingly hot topic throughout the state as local governments look to get pension costs under control. This roundup is dedicated to recent headlines surrounding public employee pensions.

  • A California pension reform watchdog group is going after abuses. – Contra Costa Times

  • The Orange County Register’s Watchdog adds up the pensions of double dippers who rake in nearly half a million per year. – O.C. Register

  • The O.C. Watchdog also wrote about cities forking over millions more pensions, without raising benefits one dime. – O.C. Register

  • Public and private pension funds with $3 trillion in assets are pushing long-sought reforms that give shareholders more control over corporate boards of directors and executive pay, hoping for a boost from the stock market crash.

    But a year after the historic market plunge there is stiff opposition from business groups and others, who say the reforms would allow pension funds to pursue a labor agenda and press for short-term gains that can undermine long-term company growth. – PublicCEO.com

  • San Luis Obispo County Supervisors are warning that something must be done to control public employee pension costs or the public may take matters into its own hands. – Tribune News

  • Two San Diego City Council members want to see how pensions changes would affect the city’s budget in future years. – San Diego Union-Tribune

  • San Francisco’s “Wellness” Program is paying out big dollars to retiring employees. Last year, 1,600 retiring workers in San Francisco received payouts that total $10 million. Mary Hao, of the Department of Human Resources, said it’s a program that is obviously not working. – San Francisco Chronicle

  • Vallejo faces arduous path to exit from bankruptcy. – Vallejo Times-Herald

  • CalPERS has begun a “special review” of fees paid by its external investment managers to so-called placement agents. – Los Angeles Times

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