FEBRUARY 15, 2018
MINNESOTA NEWS + OPINION
Minneapolis
Star Tribune
The
problem with this entire debate is that pensions
are promises employers make to their employees in the form of deferred
compensation. Public employees
pay into their pensions through
contributions to the plan. The vast majority of Minnesota's public employees want a traditional pension plan, and ...
Minneapolis Star Tribune
Nowhere is this
more evident than in Dayton's inaction on two bedrock challenges influencing
efficient, fiscally sustainable government in the 21st century — managing the
public sector workforce and public pensions. To put it bluntly, all the
government process improvements and purchasing reform in ...
NATIONAL NEWS + OPINION
The
Courier-Journal
Will
the bill require a new method for government payments for public pensions called “level dollar”
funding – an approach that would more quickly reduce Kentucky's $43 billion
pension debts? If so, when and how will this be implemented are crucial
additional questions because this approach would ...
Lexington Herald Leader
A proposed
overhaul of Kentucky's public pension systems will not shift any existing or
future employees into a mandatory 401(k)-style retirement plan, Senate
President Robert Stivers said Wednesday. New teachers will have a choice of
several retirement plan options, including a traditional ...
Washington Post
Public unions have
lost touch not only with their own members but also with many in the larger
body politic, who wonder about paying taxes so public workers can get better
pensions and health care than they do, or why it's near-impossible to fire bad
teachers. Each time voters in historically blue ...
Jacobin magazine
When it comes to
pensions, they argue that the funds are bankrupt, implying that the funds
should be closed and the benefits terminated. The bankruptcy charge becomes a
special problem for public sector workers, since politicians — who control
their pay packages — are influenced by these ...
Chicago Tribune
Republican Gov.
Bruce Rauner's budget on Wednesday will propose having Chicago Public Schools,
downstate and suburban school districts and state universities pay more of
their teachers' pension costs, in an attempt to save state government millions
of dollars a year. The governor's plan is likely to ...
Bloomberg
Hunt acknowledged
that it's harder in the public pension space where lawmakers set the benefits
and the fund managers are tasked with generating enough return to cover those
promises. Still, he said he has advised public-pension clients to stop looking
for the highest-return hedge fund and “start ...
Police Officers Association of
Michigan
A new case study
from the National Institute on Retirement Security has been published. It
examines how taking away pensions from public safety workers, like firefighters
and police officers, in the Town of Palm Beach has created a mass exodus in our
professions.
The Rock River Times
SPRINGFIELD —
Illinois has a massive pension problem. A new report maintains that the biggest
contributor to the shortage isn't that state taxpayers have underpaid public retirements,
but politicians overpromised. In the last three decades, the five state-offered
public pension systems' benefits have ...
California Political Review
“Aspire Public
Schools, which operates 36 schools in California, opened talks with the
California Public Employees' Retirement System after the charter school
organization's board of directors unanimously voted in November to consider
leaving the $345 billion pension fund. Minutes from Aspire's ...
Chicago Tribune
Biss, a state
senator from Evanston, is among the top contenders in the March 20 Democratic
gubernatorial primary, and he's come under fire during the campaign for having
once championed an overhaul of public pensions that was detested by union
members and sympathizers in the Democratic base.
NJ.com
A 2017 Quinnipiac
University poll found seven in 10 New Jersey voters were in favor of raising
taxes on those with income over $1 million to raise cash for the public pension
system. But Murphy says he's not backing down. On Monday, the governor said
he's "still committed -- both on the revenue side ...
Alternet
Thanks to hedge
fund investments, public employees from Oregon to Wisconsin to California find
themselves pitted against Puerto Rico's retirees. While investigating the
holders of Puerto Rico's $74 billion in public debt, In These Times stumbled
across a hidden conflict: State and local pension funds ...
Bloomberg
California
Governor Jerry Brown said his successor likely would be able to cut public
pension benefits when state finances sour. ... for making cuts to public
pension benefits -- specifically a case before the state's Supreme Court in
which lower courts ruled that reductions to pensions are permissible if
the ...
Newsmax
Recent stock
market volatility could sting some U.S. public retirement funds in the short
term and lead to bigger state and local government contributions in the event
of a prolonged market downturn, pension analysts said. The portfolios of some funds
have bulked up on riskier and more volatile ...
The Register-Guard
Some rare good
news from the Oregon Public Employees Retirement System: Last year the pension
fund earned 15.3 percent on its invested assets, more than double its assumed
rate of return. The resulting gain erased $3 billion from PERS's $25.3 billion
unfunded liability. That's $3 billion that won't ...
WNPR News
He would also
restructure the funding of teachers' pensions, giving the state more time to
pay down large deficits in contributions. “Fiscal integrity remains our guiding
principle, that means we value achievable savings, realistic expectations and
long-term stability," the governor told reporters Monday.
National Public Pension
Coalition
Republican
legislators in Kentucky have not yet introduced legislation to shore up funding
for public pensions, despite months of discussion.
Pensions & Investments
30, up 10% from a
year earlier, thanks in part to outstanding market returns, Pensions &
Investments' annual survey found. Assets of defined benefit plans among the
.... Public pension plans, however, remain open to current employees and new
hires for the most part. On the corporate side, where most ...
Sacramento Bee
Most California
cities expect their spending on public employee pensions to climb by at least
50 percent over the next seven years, restricting their ability fund basic
services like public safety and parks, according to a study their lobbying
organization released on Thursday. The report escalates the ...
InsideClimate News
America's
third-largest public pension fund is ramping up its climate-savvy investments,
New York State Comptroller Thomas P. DiNapoli announced to global finance
leaders on Wednesday. The fund, a huge and influential investor, plans to
double its stake to $4 billion in a portfolio of companies that ...
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