NCPERS News Clips August 28, 2012 News Clips for August 28th, 2012 California Wants a Private Pension Plan for Everyone Hank Kim: Your editorial "Another California Brainstorm" (Aug. 22) comes to very wrong conclusions about California Senate Bill 1234. Big Income Losses for Those Near Retirement Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply. Groups defend public pensions Backers of pension plans that promise public employees a predetermined benefit when they retire are taking the offensive against opponents who want do away with such benefits. San Jose Police Department losing some of its best after pension reform After almost 14 years with the department, Thursday was Pace's last day as a San Jose cop. She's trading in her sergeant's badge to become a patrol officer in Hillsboro, Ore. Pace is one of 79 officers who have resigned from the San Jose Police Department since 2011, including 30 this year. Current and retired NC employees question why pension fund invested in Facebook stock Current and retired state employees want the North Carolina treasurer to answer questions about why the state's pension fund used a firm that invested in Facebook stock. Voters grilling Illinois legislative candidates about failure to fix state pension system Voters may not follow all the details of the state's huge pension problem, but they know a train wreck when they see one. CA Bill to Create State Pension Program Anathema to life industry, nears passage