JANUARY 3, 2018
NATIONAL NEWS + OPINION
Lexington Herald Leader
Matt Bevin and the General Assembly
struggle with an estimated $41 billion public pension shortfall. Retirement
benefits for public workers are likely to be cut. The rest of the state budget
— education, social services, public safety — will get squeezed. Randy Wieck
wants to know why everyone is just ...
Omaha World-Herald
The troopers' legal team with Keating O'Gara Law in Lincoln cited a
different Supreme Court decision, from 1982, that involved a member of the
patrol suing over the pension plan. The court ruled in that case that pensions
are a type of deferred compensation that constitute contracts between public ...
Capital Public Radio News
(AP) — For decades in California, a sacrosanct rule has governed public
employees' pensions: Benefits promised can never be taken away. But cases
before the state Supreme Court threaten to reverse that premise and open the
door to benefit cuts for workers still on the job. The lawsuits have ...
Reuters
NEW YORK, Dec 28 (Reuters) - Assets of the 100 largest public employee
pension systems in the United States rose about 2.8 percent in the third
quarter of 2017 to above $3.691 trillion compared to the last quarter,
according to U.S. Census bureau data released on Thursday. Continuing growth
that ...
ValueWalk
The personal share of the public's per capita liability due to these
funding shortfalls can reach as high as $67-500 - $115,650 per household.
According to the report by ALEC, “Absent significant reforms, unfunded
liabilities of state-administered pension plans will continue to grow and
threaten the ...
Illinois Policy
Belleville News-Democrat: Stock market gains cannot catch up to
Illinois' massive pension deficit ... The biggest part of the city's levy that
we do every year is pensions,” Eckert said. ... Voters in March likely will not
be asked to decide the fate of Woodford County's 1 percent public safety sales
tax.
The CT Mirror
That package, among other things, reduced retirement benefits and
increased pension contributions for current state employees. The new budget
also requires public school teachers to increase contributions toward their
pensions — from 6 to 7 percent of their salaries — starting Jan. 1. Teachers
are ...
Santa Fe New Mexican
The way major U.S. companies provide for retiring workers has been
shifting for about three decades, with more dropping traditional pensions every
year. ... struggle in their old age: In retirement years, 1 in 7 has in filed
for bankruptcy, faced liens for delinquent bills, or both, according to public
records.
Investor's Business Daily
All because state officials and politicians never had the gumption to
tell public-employee unions "no" when they asked for even more. So
their gilded pension plans will soon start bankrupting states, such as Illinois
and Connecticut, which now can't pay their pensions. Politicians for years made
backroom ...
Washington Post
... 998 workers, that even though most of them found new jobs, they
could never replace their lost pension benefits and many are facing financial
struggle in their old age: One in seven has in their retirement years filed for
bankruptcy, faced liens for delinquent bills, or both, according to public
records.
Insider Louisville
Gov. Matt Bevin said Thursday that it was regrettable that public
pension reform was not accomplished this year but expected it would be
addressed early in the legislative session that begins Jan. 2. The Republican
governor, who held a news conference in the Capitol to discuss his
administration's key ...
Pensions & Investments
"Our actuaries have suggested doing so, and it is the unmistakable
trend in public pension plans across the country." Mr. Rijksen added that
the need to reduce the assumed rate of return "is especially true in light
of the promises of the governor-elect to eliminate alternative investments from
the pension ...
American Legislative Exchange Council
The most recent edition of Unaccountable, Unaffordable, the ALEC Center
for State Fiscal Reform uncovered a disturbing trend in pension management.
States that are fiscally worse off appear to be unwilling to take even the
simplest steps toward better pension management. Public pension ...
DesMoinesRegister.com
State lawmakers grilled officials representing Iowa's largest public employees'
pension fund Monday, saying they are pleased with the retirement program's
direction but concerned about long-term liabilities of nearly $7 billion. The
Iowa Legislature's Public Retirement Systems Committee adjourned ...
Foster's Daily Democrat
CONCORD — A bill that seeks to limit the income of “double dipper”
public pensioners is recommended by lawmakers as “ought to pass,” according to
the New Hampshire Retirement System, the pension pool for police, fire, school
and other public employees. In a Wednesday memo, the NHRS ...
The Denver Post
Colorado state Sen. Josh Penry reads over information during a hearing
on reforming the Public Employees' Retirement Association pension fund at the
Capitol on Jan. 26, 2010. State lawmakers are expected to take another shot at
reforming PERA in the upcoming session. The tragic death on Tuesday ...
reclaimct.com
Connecticut's public pension plans are funded at a dismal 19.7 percent,
forty points behind top-ranked Wisconsin, which funds its pensions at 61.5
percent. ... Connecticut has the worst public pension system in the nation,
according to a new study released by the American Legislative Exchange Council.
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