Wednesday, August 15, 2018

Aug. 15 edition, Pension Issues in the News


AUGUST 15, 2018

MINNESOTA NEWS + OPINION

KSTP
Karin Housley has easily won the state's Republican primary in a race to finish the ... farm bill, or fighting to protect the pensions of hard working Minnesotans. ... Newberger serves as a Minnesota State Representative in District 15B.

Watchdog.org
A bipartisan plan enacted this year to strengthen Minnesota's troubled public pension systems has earned bipartisan praise, but some pension experts ...

Duluth News Tribune
1 stock held by Minnesota's public pension funds, with the state holding more than $870 million of the company at the end of 2017. Tech stocks overall ...

Pensions & Investments
Minnesota State Board posts 10.3% fiscal-year return ... Minnesota State Board of Investment, St. Paul, returned a net 10.3% on its ... combined fund assets for the eight statewide retirement plans the board manages to $68.3 billion, ...

Minneapolis Star Tribune
Mark Dayton and his finance team, last week's news that Minnesota's ... The 2018 Legislature's public employee pension bill shrank the state's net ...


NATIONAL NEWS + OPINION

Forbes
There's a debate going on about public employee pensions. One study finds that government pensions have become more generous over the years.

NJ.com
It includes several recommendations to cut the cost pension and health benefits for public workers. The plan also targets property tax bills by merging ...

MarketWatch
In a recent editorial, The Wall Street Journal reports on state and local pension liabilities as a percentage of state GDP and concludes that politicians ...

The Providence Journal
“Breaking a contract with teachers and public employees.” Shifting pension dollars from retirees to wealthy hedge-fund owners. His perception: ...

Pensions & Investments
The proposal would affect the Public Employees' Retirement System, which had assets of $29.2 billion as of June 30, 2017, according to the latest ...
Lexington Herald Leader
Matt Bevin filed an appeal Friday asking the Kentucky Supreme Court to review a lower court's ruling that struck down Kentucky's new public pension ...

In These Times
They have fought privatization of public sector jobs, pushed back on ... about the funding status of public pensions to ram through crippling reforms to ...

Reuters
The American Federation of Teachers, which influences over $1 trillion in public-teacher pension plans, published a report identifying more than two ...

Albuquerque Journal
The reality is that New Mexico's two biggest pension funds for roughly 110,000 active employees and 90,000 retirees – the Public Employees ...

Pensions & Investments
Idaho Public Employee Retirement System, Boise, returned a gross 8.7% and net 8.4% in the fiscal year ended June 30, said Bob Maynard, chief ...

Pensions & Investments
Kentucky Retirement Systems, Frankfort, returned a net 8.57% on its pension ... By asset class, private equity and U.S. public equity posted the highest ...

Census Bureau
View and download the Annual Survey of Public Pensions datasets for 2017.

Pensions & Investments
Public pension plans that underperform their benchmarks more often wind up paying higher fees across all major asset classes, particularly for such ...

Wall Street Journal
Public pension funds aren't backing away from stocks as the bull market grinds through its ninth year. Retirement systems that manage money for U.S. ...

Chief Investment Officer
The average funded status of the Milliman 100 Public Pension Funding Index went from a 71.4% funded status to 71.2% in the period ended June 30.

Pensions & Investments
"The system's returns were supported by strong results in both public and private markets," said Andrew C. Palmer, chief investment officer, in a news ...

Pensions & Investments
The proposal unleashed a storm of reactions, many of them negative, about how the changes could adversely affect public-sector pension funds in ...

New York Magazine
The American public's sense of entitlement to public pensions, however, proved more difficult to dispel. Bipartisan attempts to cut Social Security ...

New York Magazine
The retirement savings of black families fell by 35 percent from 2007 to .... If public pension funds, which can invest at the very lowest possible fees, ...

Arizona Daily Sun
... public services and their jobs, pensions, and public schools. Now the baby boomers, who built a middle-class nation, face old age without pensions ...

Bloomberg
W. Gordon Hamlin Jr. is the founder and president of Pro Bono Public Pensions and a member of the Harvard Advanced Leadership Coalition.

Pensions & Investments
North Carolina Retirement Systems, Raleigh, returned 7.3% for fiscal year 2018, State Treasurer Dale Folwell reported Thursday. Mr. Folwell said ...

Governing
State and local legislators and budget managers face a similar challenge: how to ensure that their public-employee pension systems can pay future ...

Pensions & Investments
Declining return assumptions have been a trend among public pension plans since 2011, when the long-standing median of 8% began to decline.

Wall Street Journal
For the past century, a public pension was an ironclad promise. Whatever else happened, retired policemen and firefighters and teachers would be ...

Texas Tribune
Texas has a number of retired teachers that are finding out their pensions ... "These Texas teachers, who have dedicated their lives to public service, ...

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