Thursday, November 1, 2018

Oct. 31 edition, Pension Issues in the News


OCTOBER 31, 2018

MINNESOTA NEWS + OPINION
Workday Minnesota
FRONTLINE has done an exhaustive investigation into the role that state governments and Wall Street have to privatize public pensions resulting in a ...

Workday Minnesota
When Tim Walz addressed delegates to the Minnesota Building Trades' ... “We know repealing prevailing wage doesn't save the public any money,” ... to have health and pension benefits, and are less likely to rely on food stamps.

NATIONAL NEWS + OPINION

Forbes
In fact, Palm Beach strove to offer the best public pensions in Florida. This makes sense given that public workers often are willing to sacrifice pay in ...

Lansing State Journal
Rick Snyder created a State of Michigan Investment Board that will take over investments of the public retirement system that bankrolls pensions and ...

Reason Foundation
Unfunded liabilities of many public pension plans have grown over the last decade, necessitating significant reform in most cases. But any discussion ...

Reason Foundation
Mounting pension debt costs diverts millions of tax dollars from public ... as much as 13.5 percent of their annual expenditures for public pensions.

Oregon State Library eClips - WordPress.com
New research offers a dim assessment of some of the most poorly funded state and local public retirement systems. There's a growing gap between ...

NJ.com
The New Jersey public-worker pension fund will not dump its Nike holdings, turning down a request by a police and firefighter representative who is ...

FRONTLINE
For more than a century, public workers accepted lower salaries on the ... Public pensions are about a third funded in Kentucky, according to state ...

PR Newswire (press release)
WASHINGTON, Oct. 23, 2018 /PRNewswire/ -- A new analysis of the 2017 funded ratios of public pension plans finds the average funded status ...

Hartford Courant
Two Candidates For Governor Clear On This: Protect The Pensions Of Retired Teachers .... I'm the one who went to the public schools. I'm the one ...

Forbes
You may be saying to yourself: I'm not a teacher, police officer, firefighter or municipal worker, so why should I care whether public-employee pension ...

The Intercept
A Houston couple, John and Laura Arnold, cut a high profile among those interested in public pensions. John Arnold used money he made as an ...

The Intercept
In the years since that big Arrowhawk play, Kentucky's public pensions have descended into financial crisis, a crisis that threatens to have ripple ...

The Intercept
The public pensions loophole helps explain why we read a lot more about underfunded state or municipal pensions teetering on the edge of default ...

The Providence Journal
The dramatic overhaul of the state's pension system for state workers, public school teachers and municipal employees was aimed at saving $274 ...

Chief Investment Officer
The Ohio Public Employees Retirement System's trustees have decided to lower its assumed rate of return for two of its five pension funds, owing to a ...

Forbes
Few private sector workers today have access to a pension, and many public sector pension plans are facing severe financial problems. . . . We've ...

Chicago Sun-Times
Here are the facts: State employees provide vital public services in every part ... The average pension benefit earned by state workers is modest — just ...

USA TODAY
In addition, their benefits (pensions, health care, tenure) generally exceed those in the private sector. Public school teacher advocates respond that ...

Truth in Accounting
“Another round of alarmist commentary is being spread by those who begrudge a secure retirement for those who teach in our classrooms or ...

Forbes
Public pensions are underfunded. Okay. I know, I know. We've all seen this headline before. Ad nauseum. To add to that, nothing seems to improve.

Pensions & Investments
Pennsylvania Public School Employees' Retirement System, Harrisburg, posted a net return of 9.3% for the fiscal year ended June 30, said a news ...

InvestorIdeas.com (press release)
The politicization of public pensions has been consistently growing over the last decades. Between increased movements to allow for the ...

Pensions & Investments
Public equities returned a net 11.42% (below its custom benchmark of ... Board oversees a total of $130.2 billion in the assets of 17 retirement plans, ...

Truth in Accounting
“They are "the gift that keeps on giving." Pension income is recycled right back into the economy, so it is time to think of them the way Hallmark thinks ...

The Union Leader
It's not as if the state's underfunded public employee pension plan has been kept a secret, as its solvency and funding sources are debated every ...

InsideSources
Recognizing glaring inequalities and problems with pensions in the U.S., the Arnolds launched a pension reform initiative that emphasizes both fiscal ...

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