The November edition of the Pension Hotspots report will provide a post-election review of the election results for the three pension reform measures decided on in the November 5 election as well as the reactions from advocates and opponents. The key November 5 pension reform measure to watch was Issue 4 in Cincinnati. This measure was overwhelmingly rejected by voters. See below for an explanation of this failure at the ballot box from Chris Littleton, campaign manager for the committee behind Issue 4.
The appellate court decision in the CalPERS v. San Bernardino lawsuit regarding the cities recent bankruptcy is also covered by this edition. The November Hotspots report also provides a summary of the new report by the California Public Policy Center on the unfunded liabilities of the California State Teachers Retirement System and its struggles with catch-up payments and lower investment returns.
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