Friday, June 1, 2018

June 1 edition, Pension Issues in the News


JUNE 1, 2018

MINNESOTA NEWS + OPINION

Dayton signs pension bill aimed at long-term stability in state retirement system

Star Tribune
Hundreds of thousands of public employees and retirees stand to benefit from a major pension reform package that Gov. Mark Dayton signed into law on Thursday. Schoolteachers, office workers, police officers and a retired parks maintenance worker were among the triumphant crowd that filled the Capitol rotunda in a ceremony …
TwinCities.com-Pioneer Press
The bill, the Pioneer Press reported, will bring more long-term stability to the retirement funds that teachers, firefighters and other public employees ...

Mankato Free Press
Public employees got good news as well Sunday night when lawmakers passed a pension bill three years in the making shortly before midnight.

Minnesota Public Radio News (blog)
The House and Senate saw more bipartisan agreement on a public works construction bill and a bill to shore up public employee pensions.

NATIONAL NEWS + OPINION

Lexington Herald Leader
... he recently called "an incompetent hack" to step aside in Attorney General Andy Beshear's legal challenge of Kentucky's new public pension law.

Los Angeles Times
He also said workers who want retirement accounts are free to open them ... Any comparison to public pension funds is a red herring, he said, noting ...

Bond Buyer
CHICAGO – Illinois needs a plan to tackle its rising tab for pensions and other ... State expenses – before passage of the budget – for pensions, retiree ... will become unaffordable without severe public services cuts,” reads the report, ...

Reuters
Savings from Illinois' pension buyout plan could fall short ... “Often these buyouts don't attract as many participants in the public sector as they might in ...

U.S. News & World Report
The share of workers claiming Social Security retirement benefits at the earliest possible date has ... That probably reflects growing public awareness.

U.S. News & World Report
How will the country address Americans outliving their retirement savings ... "The burden of caring for [retirees] will primarily fall on public assistance ...

Fortune
The study, published this month, found that pension funds in New Jersey and Kentucky are most at risk of collapse due to a steady decrease in public ...

NorthJersey.com
The new revenue will provide the state long-needed resources to cover neglected needs for public schools, mass transit and public worker pensions, ...

Salt Lake Tribune
Utah public-sector workers who are counting on a secure retirement, rest easy: The state is drawing praise for how it's managing money in your ...

The Hill
Dig a little deeper, and it becomes a cautionary tale on the difficulty of imposing even modest change on public pensions. In November 2016 ...

Charlotte Observer
Overpaid public workers are bilking taxpayers of millions ... Contrast this to the private sector, where guaranteed pensions have largely gone the way ...

Truthdig
They also divert public money away from the neediest infrastructure projects, .... He argues that public pension funds can be safely operated on a ...

National Public Pension Coalition
This Week in Pensions gathers the best stories about pensions from the previous week. The news you need to know in the fight for a secure ...

AFSCME Information Highway
Summary: State and local data from 2005 to 2014 show the impact pension cuts have on the ability of governments to recruit, retain, and retire talented ...

Common Dreams
... that closed schools across the state to protest Kentucky lawmakers' handling of state public employee pensions and inadequate school funding.

Squared Away Blog - Boston College
Public Pension Cuts Hit Recruitment. 20180217_125337. West Virginia teachers started the wave of strikes over pay. Photos courtesy of Janet Bass, ...

Brookings Institution
Public school teachers in 39 states saw their real wages fall between 2009 ... Like most other traditional pensions, however, public teacher pensions ...

New York Magazine
But Shell decided to lead the legislative push to cut the pensions of teachers and public workers. That inspired a high-school math teacher named ...

American Investment Council
This study conducted by the American Investment Council examines the private equity investments of 163 U.S. public pension funds. The information ...

Chief Investment Officer
According to a new study from the National Conference on Public Employee Retirement Systems (NCSPERS), public pension funds contributed ...

National Public Pension Coalition
Colorado recently passed changes to its public pensions. These changes are intended to shore up the long-term fiscal health of the plan.

Newsmax
Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if ...


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