Monday, July 16, 2018

July 16 edition, Pension Issues in the News


JULY 16, 2018

MINNESOTA NEWS + OPINION


The Heartland Institute
Minnesota has enacted some changes to the state's public pension programs. The new law, signed by Gov. Mark Dayton on May 31, will alter ...

MinnPost
Mark Dayton signed a massive overhaul of Minnesota's pension system into law, the prominent ... Easements ease pressure on state's water supply.

Minneapolis Star Tribune
Mark Dayton signed the pension bill into law Thursday. The legislation reduces the state's pension fund liabilities and alleviates public workers' and ...

Brainerd Dispatch
Swanson: The three-term Minnesota state attorney general said ... and that someday when they retire they can have a pension and a dignified ...
TwinCities.com-Pioneer Press
Unanimous passage of a plan to help stabilize pensions for Minnesota teachers, firefighters and other public workers earned recent praise in this ...

Reuters
Governors in Colorado, Minnesota and Illinois were among those to sign legislation in 2018 that cut public employee retirement benefits, increased ...

Minneapolis Star Tribune
In Minnesota, that “fair share” is about 85 percent of full dues. ... For years it supported candidates who put Illinois into its current budget and pension crisis ... Like Janus, many of Minnesota's public employees object to union policies, ...

MinnPost
Pension reform passed both the Minnesota House and Senate with overwhelming support. The bill benefits 511,000 Minnesotans who dedicate their ...


NATIONAL NEWS + OPINION

Reason
... of California's biggest problems: The unsustainability of public sector pensions. Instead of contracting fire services from unwieldy Riverside County, ...

Truthout
Because these gains haven't materialized, public pensions have lost hundreds of billions of dollars over the past decade, and taxpayers have been ...

New York Daily News
DiNapoli on Thursday ordered the divestment of the pension fund's direct ... “By investing millions of dollars of our public pensions in private prisons, ...

Chief Investment Officer
The California Public Employees Retirement System (CalPERS) reported a preliminary 8.6% net return on its investments for fiscal 2017, growing the ...

New York Times
Why did the raiders keep finding overstuffed pensions to exploit? ... harm's way, even unintentionally, he thought, the public would eventually catch on, ...

Barron's
However, our nation's public pensions, who are now the dominant global investor, are focused on meeting their outsized return assumptions," notes ...

Los Angeles Times
... last week at the biennial Libertarian Party National Convention, in New Orleans. ... biggest problems: The unsustainability of public sector pensions.

Philly.com
When it comes to saving for their retirement, Americans better hope they don't ... Public sector pensions are either running out of money or are at risk.

Barron's
According to a report from the Pew Charitable Trusts provided by Ryan ALM, public retirement plans had a $1.4 trillion shortfall at the end of 2016, with ...
BenefitsPro
Returns on public pensions have varied pretty widely between 2001–2016, and the Center for Retirement Research at Boston College analyzed the ...

Wichita Eagle
Member of a legislative committee are taking stock of mounting liabilities at New Mexico's two major public pension funds in the wake of a downgrade ...

Truth in Accounting
Soon, they'll have to cannibalize current workers' pension contributions to pay retirees. … These reforms will help — but in all likelihood, the federal ...

Center for Retirement Research - Boston College
Investment returns for state and local pension plans varied over 2001-2016 from 6.3 percent for the top quartile to 4.6 percent for the bottom.

DesMoinesRegister.com
A plan to transfer part of Des Moines teachers' pensions into the Iowa Public Employees' Retirement System this summer hit a snag that could derail ...

NorthJersey.com
The approach mirrors that of other progressive states and cities. California's two massive public pension funds have withdrawn investments from coal ...

Journal Inquirer
Some of the Republican candidates for governor have declared themselves ready to confront the state employee unions over their pensions, which ...

National Public Pension Coalition
Representative Nunes has reintroduced the Public Employee Pension Transparency Act. Learn how this bill would harm public pensions.
Bond Buyer
New Jersey's police officers and firefighters received control over their pension management decisions. Gov. Phil Murphy signed a bill Tuesday that ...

NorthJersey.com
Among the unresolved issues are increasing costs for public employee pensions and health benefits, which Sweeney has committed to addressing in ...

American Enterprise Institute
The Journal's coverage of Americans' retirement prospects serves up .... Center for Retirement Research's (CRR) “National Retirement Risk Index,” ...

Pensions & Investments
State and local government defined benefit plan contributions totaled $200.5 billion in 2017, up 4.6% from the previous year, according to the U.S. ...

Lexington Herald Leader
The whole episode will mean a halt to more legislative attacks on pensions for the time being. ... That is resulting in big cuts to vital public services.

Forbes
Kentucky Retirement Systems: A Case Study Of Politicizing Pensions ... the public into believing that they were acting in the best interest of the people.

BenefitsPro
Reuters reports that while Fitch says states including Colorado, Minnesota ... pension liability that after years of skipped or inadequate annual state ...

CNBC
Jay Bowen, Bowen, Hanes & Company chief investment officer, discusses pension reform and the unfunded public pension liability crisis in the United ...

Reuters
NEW YORK, June 28 (Reuters) - The 100 largest U.S. public employee pension systems earned just $14.3 billion on their investments in the first ...

Wall Street Journal
Today, public DB pensions are $3.7 trillion underwater, the Pension Benefit Guaranty Corporation is on the rocks and some politicians are seeking a ...

Las Cruces Sun-News
Residents of New Mexico awoke to bad news recently after the national credit ratings agency Moody's downgraded the state's bond rating. The lower ...

CBS Denver
DENVER (AP) — Colorado's troubled public pension has been pulled back from the fiscal brink. That was the key takeaway from Friday's pension ...

Mother Jones
Americans entering retirement are in worse financial shape than the prior ... menial jobs as senior citizens…. portends a drain on public resources…

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