Monday, March 18, 2019

March 15 edition, Pension Issues in the News


MARCH 15, 2019

MINNESOTA NEWS + OPINION

Minneapolis Star Tribune
Last week I gave a talk at the University of Minnesota on my latest book, ... economics contributor, "Marketplace," commentator, Minnesota Public ...

Workday Minnesota
A recent two-part report from the American Federation of Teachers (AFT) exposes how public pensions are intertwined with some of the most harmful ...


NATIONAL NEWS + OPINION

Bond Buyer
Moody's Investors Service viewed a recent California Supreme Court ruling on public pensions positive for governments in the state while S&P Global ...

National Public Pension Coalition
Public pensions benefit the economies of local communities, states, and the nation. Our new video highlights the powerful economic impact of ...

Las Vegas Review-Journal
The unfairness of the outrageous pensions provided by our state system is an insult to the hardworking citizens of Nevada. Yes, public servants are ...

OCRegister
Last week, the California Supreme Court issued a ruling in Cal Fire Local 2881 v. CalPERS, a case involving public employee pensions. For taxpayers ...

Madison.com
Most retired public employees in Wisconsin will get by without a reduction in their pensions this year even though the Wisconsin Retirement System ...

Forbes
To parapharase Horace Greeley in his Manifest Destiny exhortation, but for those seeking out well-funded public pension plans, it's time to go north ...

Accounting Today
GASB invited the public to comment on the proposed standards, and Truth In Accounting CEO Sheila ... Weinberg contends the proposal would be misleading about the true costs of pensions and retiree health care benefits. “It also ...

Reason Foundation
A 2018 Milliman Public Pension Study of the 100 largest U.S. public pension plans found average discount rates fell from 7.5 percent in 2017 to 7.25 ...

Forbes
In the news earlier this week, to cite the L.A. Times headline, "California Supreme Court curbs a pension benefit but preserves 'California Rule'.".

Crain's Chicago Business
A public-private partnership generating billions for cash-starved state retirement systems while retaining ownership of this highly valuable public asset ...

NJ.com
Another record-setting public pension payment. Murphy's budget would contribute $3.8 billion to the pension fund for public workers next year — $579 ...

Mackinac Center for Public Policy
The so-called “pension tax” affects a lot of people in Michigan. ... Michigan had fully exempted the defined benefit pensions of public workers from ...

Washington Post
The bill comes amid a renewed surge of activism among public school ... Education funding and pensions for teachers have been volatile issues in the ...

San Francisco Chronicle
SAN FRANCISCO (AP) — California high court says public workers can't pad pensions, sidesteps whether retirement benefits can be taken away.

Providence Business News
PROVIDENCE – Rhode Island's pension fund earned $323 million from ... have their public pension systems managed responsibly,” Magaziner said ...

Pensions & Investments
And while asset transfers such as these could present issues of their own, more public pension plans are likely to explore this avenue. "There's a ...

NPR
And now with the retirement of more baby boomers, it's time to pay up. Houston Public Media's Andrew Schneider reports on how one city is trying to ...
GFOA
What is going on in the world of public pensions? This session will highlight trends seen across pension plans and the implications they have on state ...

Newsday
The cost of teacher pensions will fall substantially for school districts during ... The New York State Teachers' Retirement System, one of the nation's ... over whether retirement systems for teachers and other public employees should ...

ValueWalk
"The problem is that our nation's public pensions have become the dominant global investor, are grossly underfunded and thus have to reach for risk, ...

Forbes
Have you ever been annoyed by “Robo calling”? What about “Robo voting”— a system that many public pension funds use to discharge their ...

Reuters
The ensuing debate casts a spotlight on an important national conversation ... The federal government taxes income from tax-deferred retirement ...

San Francisco Business Times
Warren Buffett described unfunded public pensions as a “disaster” that companies and individuals must consider when deciding where to expand or ...

Bloomberg
None other than Warren Buffett called public pensions a “gigantic financial tapeworm” five years ago. “During the next decade, you will read a lot of ...

Forbes
The evidence continues to mount: Illinois's new elected officials and their advisors simply don't believe that it matters that public pensions are ...

KWCH
(AP) - A public pensions funding bill has passed the Kansas Legislature unanimously but touched off partisan sniping. The measure sent Friday to ...

Bond Buyer
WASHINGTON — Public pension funds are taking advantage of the benefits of infrastructure investment, which fund managers say offers a perfect ...

WKU Public Radio
The legislation is the latest attempt to address the low funding levels of Kentucky's retirement systems for public workers by altering benefits. Rep.

Pensions & Investments
North Carolina Retirement Systems, Raleigh, returned a net -1.47% in 2018, ... The biggest losses were in public equity, 40% of the portfolio, which ...

City Journal
The high benefit costs set public workers in Connecticut apart from their ... state from altering the rate at which public workers earn retirement credits, ...

Wall Street Journal
He also is asking state workers to accept lower cost-of-living adjustments for their pension benefits during years when the public retirement system has ...

Show-Me Institute
A bill to allow Missouri public school teachers to decide for themselves whether they wanted a traditional pension or a 401(k) type retirement benefit ...

Allegheny Institute
The 2019 status report for Pennsylvania's local pension plans has been released. As earlier reports have illustrated, the pension system is actually a ...

Illinois News Network
He said he wants public employees to recognize the growing debt and give some, as taxpayers continue to give. If not, there will be consequences.

Pensions & Investments
After state and local pension fund assets plummeted to $2.17 trillion in ... Another recent concept is mandated stress-testing of public pension funds to .... states like Minnesota, where 2018 reforms that cut assumed rates of return, ...

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