MARCH 1, 2018
MINNESOTA NEWS + OPINION
Minneapolis Committee of 13
The Legislative
Commission on Pensions and Retirement on Mon., Feb. 19, heard testimony on a
state public pension stress-testing analysis from researchers at the Pew
Charitable Trusts. Also testifying was the executive director of the South
Dakota Retirement System, a “hybrid defined benefit plan.
Minnesota Public Radio News
DFL Senate
Minority Leader Tom Bakk says money needs to be spent to bolster public
employee pensions and to fix the state health department's problems with elder
care oversight. But overall, Bakk, DFL-Cook, is warning his colleagues against
spending too much. "I worry a little bit that we're going to ...
Workday Minnesota
They supported
raising the minimum wage, expanding free access to higher education and
protecting public pensions. Minnesota's next governor, they agreed, should get
the state on track to a single-payer health care system, crack down on wage
theft and make needed investments in infrastructure ...
NATIONAL NEWS + OPINION
U.S.
News & World Report
Hundreds
of retired public school teachers and their allies are pressuring Kentucky
lawmakers not to pass a proposed public
pension overhaul. Feb. 28, 2018, at 5:02 ... 2018, in Frankfort, Ky.
Teachers and other public workers are upset about proposed changes to the
state's struggling pension system.
Chief Investment Officer
The funded status
of the 100 largest public defined benefit pension plans in the US improved by
$60 billion in the fourth quarter of 2017, bringing their funded level up to
73.1% from 71.6% at the end of the previous quarter, according to the consulting
firm Milliman. In aggregate, the plans had investment ...
Milford Mirror
The Connecticut
Education Association (CEA) and American Federation of Teachers Connecticut,
Connecticut's two teachers' unions, have both expressed their support for
Slossberg's efforts to keep public pension funds from being invested in gun
stocks, according to a press release from Slossberg's ...
Pensions & Investments
Staying in markets
during volatile periods and rebalancing are working for long-term investors
like public pension funds, said panelists at the National Institute on
Retirement Security conference in Washington on Tuesday. "Our window is
infinity," said Thomas K. Lee, executive director and chief ...
The Daily Caller
We're in the
business of making money for public education,” he told TheDCNF in an
interview. “If you're a fiduciary, you're responsible for investment returns,
not to push my own personal agenda,” Bradley stated. Teacher union pension
investments from coast-to-coast have continued to buy stock in ...
NPR
"I'm
currently urging my colleagues to divest in retail and wholesale suppliers of
weapons that are banned for possession or sale in the state of
California," says State Treasurer John Chiang, who sits on the boards of
his state's two largest pension funds — CalPERS for public employees and
CalSTRS ...
Pensions & Investments
"And we will
also seek to ensure that any shareholder resources used to influence
legislation and regulations, or fund other advocacy efforts is consistent with
the company's public views. State Street spokesman Andrew Hopkins could not
immediately provide additional information beyond the statement ...
ValueWalk
It is a cardinal
rule of investing that past performance does not dictate future returns.
Nevertheless, it appears that a majority of public pension fund managers have
forgotten this axiom in favor of speculative forecasting. According to a
research paper from the Standford Business School, it has been ...
texpers
Toll road fees.
Lottery system revenue. Alcohol sales taxes. There are just a few ways some
public pension funds are creating steady streams of revenue to help pay debt.
It isn't a total fix, but establishing a tax or asset specifically for paying
down a pension fund's liabilities would be beneficial, according ...
ThinkAdvisor
“While a lot of
media attention has been paid to the recent market volatility in early
February, it's not a reason to panic when it comes to public pensions,” Becky
Sielman, author of the Milliman index, said in a statement. “Equity gains and
losses are typically smoothed out over a number of years when ...
The Denver Post
After Florida
public school teachers this week called on their public pension fund to sell
off its gun stocks in the wake of last week's mass shooting at a high school, a
subsequent Bloomberg analysis found that at least a dozen public pensions
around the country invest in U.S. gun manufacturers.
CBS News
As of December 31,
public pension plans in Arizona, Louisiana, Michigan and Texas also held shares
in Sturm Ruger, according to data from S&P Capital IQ. Two of the funds
that own the company's stock -- The Teacher Retirement System of Texas and the
Public Employees Retirement Association of ...
Chief
Investment Officer
How
should Montana fix its the $700 million per year problem that two of its public pensions are estimated to cost
the state? One representative has some suggestions. In an opinion piece with
the Independent Record, Rep. Tom Burnett recommended the state's Teachers'
Retirement System (TRS) and ...
Wall Street Journal
Public pension
funds that lost hundreds of billions during the last financial crisis still
face significant risk from one basic investment: stocks. That vulnerability
came into focus earlier this month as markets descended into correction
territory for the first time since February 2016. The California
Public ...
Alaska Dispatch News
Bill Walker
proposed paying $263 million into the pension system in the budget that starts
in July. That's $80 million more than the current budget. Since 2006, new
public workers have a different retirement system and don't receive defined-benefit
pensions. Instead, they receive a defined-contribution ...
Chief Investment Officer
According to
Kentucky.com, Senate President Robert Stivers declared that the state's public
pension system reform will no longer carry several of Gov. Matt Bevin's
controversial concepts. The rejected propositions include the moving any
existing or future employees from their defined benefits plan (DB) ...
Forbes
While there are
disagreements about the size of these unfunded liabilities, one thing is clear:
state and local public pensions are spiraling toward insolvency. Despite these
problems, politicians across the country are placing restrictions on the assets
that public pension funds can hold, which are only ...
PLANSPONSOR
The NIRS studied
the case of Palm Beach, Florida, which it says offers “an important cautionary
tale on the detrimental impacts of switching public employees from DB pensions
to DC accounts.” In 2012, the Palm Beach Town Council closed its existing DB
pension systems for all employees, including ...
Despite activist pressure on gun makers and sellers, Wall Street has a
hard time dumping the gun ...
CNBC
In 2015, New York
City's public advocate called on TD Bank to stop providing financing to Smith
& Wesson, and she asked the Securities and Exchange Commission to examine
the gun maker's public disclosures about its products. She also urged the
city's largest pension to sell its holdings of Walmart ...
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