Thursday, January 17, 2019

Jan. 17 edition, Pension Issues in the News


JANUARY 17, 2019

MINNESOTA NEWS + OPINION

Watchdog.org
Minnesota ranked No. 22 in an analysis of the state's ability to pay all of its bills, including public employers' pension benefits, according to a new ...

TwinCities.com-Pioneer Press
During Frans' time at Minnesota Management and Budget, the state has built a $2 billion rainy day fund, reformed its public pensions and regained a ...


NATIONAL NEWS + OPINION

Pensions & Investments
A newly formed public pensions working group met Tuesday to begin tackling the funding issues plaguing Kentucky's pension system through a ...

Chief Investment Officer
An assembly of California-based public pensions representing $635 billion in assets under management have banded together to form Trustees ...

Crain's Chicago Business
Pritzker's failure to talk about pensions indicates the state's most pressing ... and economic uncertainty: massive unfunded public pension liabilities.

San Francisco Chronicle
Retired state employees aged 65 and older get subsidies, even though their retirement income is not included in their Medicare Part B premium ...

Ohio County Monitor
Citizens invited to share comments with Public Pensions Working Group ... share their comments about the state's public pension systems with state.

Las Vegas Review-Journal
In regard to the Jan. 6 essay by Bernard Paolini, president of the Retired Public Employees of Nevada (“Open records and government pensions”): I ...

KHQ Right Now
The LA district's contributions to the state's two large pension plans — California State Teachers' Retirement System and the California Public ...

Philly.com
In 2017, Harrisburg politicians figured out a way to keep the public eye off their historic mismanagement of the state's pension funds until after the ...

Bloomberg
California Governor Gavin Newsom didn't campaign on bolstering public pensions, but they figure prominently in his first budget. In the spending plan ...

The News Tribune
Mounting unfunded pension obligations for teachers and public employees in New Mexico have led to downgrades in the credit rating for the state and ...

PRNewswire (press release)
In 2018, corporate pension funding ended higher for the year, with the funding ... These figures represent the GAAP accounting information that public ...

OPB News
Oregon's Public Employees Retirement System is in billions of dollars of trouble. But it's not just an abstract number: this is a story about real people's ...

The 401(k) Specialist (blog)
“Thanks to this study, we can put to rest false claims about the adequacy and fairness of teacher pensions,” Diane Oakley, National Institute on ...

Chief Investment Officer
The $52 billion Teachers' Retirement System of the State of Illinois (TRS), ... The Public Institution for Social Security wants the Man Group ($114.1 ...

PLANSPONSOR
The study, which evaluated pensions against hypothetical 401(k) plans, ... Colorado Public Employees' Retirement Association (PERA), which offers ...

UC Berkeley
The study looked at the career patterns and pension benefits of public school teachers in six states: Colorado, Connecticut, Georgia, Kentucky, ...

Study and Understand the Markets
Watch the five-part animated video series based on Josh Rauh's research on the vast underestimation of public pension liability to gain insight into the ...

Truthout
While workers in the public sector still often have defined benefit pensions, they are becoming rare in the private sector, as employers replace them ...

Los Angeles Times
But like politics and religion at some family holiday dinners, certain subjects are taboo among most politicians — such as unfunded public pension ...

Pensions & Investments
Nevada Public Employees' Retirement System, Carson City, has suffered a setback in its battle with the Nevada Policy Research Institute over a public ...

West Virginia Public Broadcasting
Since it's not yet really a national conversation, and all the stories we have on retirement are the beaming boomers clinking champagne glasses on a ...

Chief Investment Officer
The Public Pension Management and Asset Investment Review ... management of the Public School Employees' Retirement System (PSERS) and ...

The Laconia Daily Sun
... Volcker Alliance also offers some pretty strong critiques of the Granite State when it comes to budgeting transparency and funding public pensions.

Watchdog.org
The big numbers related to Pennsylvania's public pension debt are somewhat mind-boggling. According to a September report from Truth in ...

The Providence Journal
The administrators of Rhode Island's $8.1-billion public employees pension fund see no reason at this point to “react″ to the stomach-churning drops ...

ValueWalk
Equity investors have spent the last couple of months dumping stocks across sectors; meanwhile, public pension plans have been pouring money into ...

WHYY
The State Employees Retirement System and Public School Employees Retirement System are — thanks in large part to political decisions to boost ...

U.S News & World Report Money
However, that has turned into a pricey promise with public pensions scrambling to find an additional $4.4 trillion to fully fund their pension liabilities.

Lexington Herald Leader (blog)
Republicans have failed twice, in spectacular fashion, to reshape Kentucky's public pension system based on ideology rather than facts, while refusing ...

MarketWatch
Kentucky has one of the worst public pension plans in the country, but it's just ... Kentucky isn't the only state with pension woes. ... Minnesota — 53%.

Courier Journal
FRANKFORT – In 2000, Kentucky's public retirement plans were fully funded. Since then, they've accumulated nearly $43 billion in debts – making ...

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