APRIL 30, 2018
Grand Forks Herald
At least, that's
the goal behind a set of legislative changes now being weighed to head off
future disruption to one of the state's largest pension funds, the North Dakota
Public Employees Retiree System -- NDPERS, for short -- which could otherwise
run dry in decades to come. Sharon Schiermeister is ...
WHIO
The annual report
from the Pew Charitable Trusts finds that public worker pension funds with
heavy state government involvement owed retirees and ... The Pew report found
that lackluster investment returns in 2016 explained most of why the condition
of pensions declined from the previous year.
Show-Me Institute
We're also seeing
teacher retirement benefit innovation from within public education. In 19
states, charter schools may choose whether or not to participate in their
states' pension plans. A recent analysis of charter school participation in
five states that make participation optional found that the schools ...
Pensions & Investments
In 2018, 73% of
the 128 plans surveyed by the National Association of State Retirement
Administrators reported a return assumption of 7.5% or lower. Comparatively,
55% were at or below 7.5% in 2017, and 38% in 2013. Eleven plans still hold on
to returns above 8%, with the Minnesota Teachers ...
Pensions & Investments
Mr. Beshear's
lawsuit also condemned lawmakers for passing a bill that lacked an actuarial
analysis at the time and was not subject to public comment or testimony, and
for not allowing sufficient time to fully digest the changes before the bill
went to a vote. (The pension reforms had been tacked onto a ...
CNNMoney
America's pension
crisis is growing — and a lot of people are pointing fingers. Public pension
funds don't have nearly enough money to pay for the benefits promised to
government workers. The shortfall across the United States grew by $295 billion
between 2015 and 2016, according to a recent report ...
Alton Daily News
Illinois state
lawmakers are also studying how to fix Illinois' growing local public safety
pension problems. ... “Despite a four-fold increase in taxpayer contributions
to police and fire pensions over that time period (of ten years), funding
levels continued to drop, thus threatening the long term solvency of ...
New York Times
When we fail to
invest in public services, living standards decline and communities suffer — overcrowded
classrooms, understaffed prisons and more. ... Instead of uniting and demanding
that everyone have adequate health insurance, vacation time, sick time and
pensions, some workers attack public ...
Maine Public
Nevertheless, she
said, "The teachers are in the right for fighting for their pensions. I
think most people support them. I think the governor of my state is in the
wrong." Despite broad support for the right to strike, the public's view
of unions wasn't all roses. Just half of respondents overall agreed
that ...
Pensions & Investments
Despite being one
of the top-five best funded pension systems in the country, "we need to
make realistic assumptions regarding our ability to achieve expected returns in
the future. We owe it to the General Assembly, taxpayers, public employees and
future generations to be transparent and realistic ...
New Republic
But there is
little in the Times's coverage to connect the dots between slashed wages,
disappearing pensions, and second jobs to make ends meet and the wave of
bipartisan austerity that swept state governments during and after the
recession, along with the accompanying attacks on public-sector ...
Wgnsradio
Tennessee
Consolidated Retirement System (TCRS) is the defined benefit pension plan
serving over 350,000 active and retired state, higher education, and
participating local government employees, as well as K-12 public teachers.
Administered by the Tennessee Department of Treasury, TCRS ...
USA TODAY
In some cases, the
lack of funds is also driven by public employee pensions that are overly
generous, not adequately funded, or both. Teachers benefit from these pensions,
but the biggest beneficiaries tend to be police and firefighters, whose pension
deals can often be called lavish. Those pension ...
Colorado Public Radio
State lawmakers
are wrestling with a $32 billion question: what to do about Colorado's public
pension fund. PERA only has enough cash to cover about half of its obligations.
Lawmakers want to close that gap quickly, before it hurts the state's credit
rating and workers' retirement plans. We asked for your ...
Chief Investment Officer
The report
identifies financial institutions and public pension systems that have taken
steps toward engaging with weapons manufacturers, but also names financial
institutions and public pensions that have not acted on the matter. Citigroup,
Bank of America, Fidelity, Vanguard, BlackRock, State Street, ...
WXYZ
Colorado teachers
plan to rally again next week for higher pay and better pensions, and some of
the state's largest school districts could close those days ... The bill also
directs school districts to fire teachers on the spot without a proper hearing
if they're found in contempt of court and also bans public ...
Illinois News Network
A new report
paints a dismal financial picture for Illinois' public pension systems. The Pew
Charitable Trusts analyzed the pension funding gap for each state as of fiscal
year 2016, the most recent year for which comprehensive data were available.
The study indicates Illinois is 36 percent funded for ...
National Public Pension
Coalition
Cuts to public
pension plans harm the recruitment of public employees by making overall
compensation less competitive than the private sector.
Pensions & Investments
Indiana Public
Retirement System, Indianapolis, returned 9.98% on its investments in the 12
months ended March 31, above its 9.35% custom benchmark return and the pension
fund's 6.75% expected annualized rate of return. For periods ended March 31,
the pension fund returned 5.37% over five ...
Texas Tribune
That's when state
lawmakers created the plan known as TRS-ActiveCare. The teacher health
insurance program, which is run by the Teacher Retirement System of Texas,
requires the state to contribute $75 per employee toward monthly health care
premiums. Nearly 430,000 public school teachers and ...
Chief Investment Officer
A new report
exploring the effects of pension reform on state and local government
competitiveness in the labor market has found that pension benefit cuts have
hurt governments' ability to attract new employees. “It is well known that
pensions are a significant component of public sector compensation,” ...
Virginian-Pilot
Public Pension
Crisis and the Politicization of Pension Fund. Management. ARLINGTON, Va.,
April 18, 2018 /PRNewswire/ -- The Institute for. Pension Fund Integrity
(IPFI), a project which seeks to ensure that. state and local leaders are held
responsible for their choices in. public pension investment ...
Institutional Investor
“The primary
responsibility of any public pension plan manager is to manage the investment
in a way that guarantees the best return possible for beneficiaries,” the paper
concluded. “Even though many are managed by politically appointed or elected
managers, those individuals must be able to ...
CNBC
Public school
teacher pensions in 12 states have stakes in firearms-makers, largely through
these funds, for example. BlackRock and Vanguard, managers of some of the most
widely held ETFs, are among the largest shareholders of Sturm Ruger and
American Outdoor Brands because of the funds.
Center for Retirement Research -
Boston College
To improve the
funded status of state and local pensions, many plan sponsors have cut
benefits, particularly for new hires. Such cuts, without offsetting increases
in wages, could potentially make government employment less attractive to
workers. The analysis found that workers joining the public sector ...
The Denver Post
The CEA is also
demanding that teachers' pensions, part of the Colorado Public Employees
Retirement Association, be stabilized to avoid discouraging potential teachers
from entering the profession. “The positive state revenue forecast clearly
demonstrates there is substantially more money available ...
TeacherPensions.org
For many workers who
don't remain in one job for their full career, 401ks and other defined
contribution plans often earn greater benefits than a traditional pension. And,
these plans are portable and can easily be transferred across state lines.
Thus, teachers can change jobs or cross state lines without ...
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