Monday, May 6, 2019

May 6 edition, Pension Issues in the News


MAY 6, 2019

MINNESOTA NEWS + OPINION

ECM Publishers
Her research and advocacy focus have been on public unions and labor law, public pensions, the Metropolitan Council and the estate tax impact on ...


NATIONAL NEWS + OPINION

MarketWatch
It's a habit the former head of Wisconsin's public pension fund has kept up for decades. In the first year of his retirement, 30 years ago, Gates collected ...

Washington Post
The overall public reaction to Social Security's negative cash flow, which I (and other people) have ... But private-sector pensions are disappearing.

Brookings Institution (blog)
Rising pension contribution rates are causing great angst among school ... State Teachers' Retirement System (CalSTRS) has amassed substantial debt. ... to educate all of California's public K-12 students for a year ( $97.2 billion).

Public Radio Tulsa
State representatives have their own ideas about giving a cost-of-living increase to Oklahomans receiving state pensions. Three weeks ago, a Senate ...

National Public Pension Coalition
This increase was applauded by the Texas Pension Coalition (TPC), ... Retired public employees, who for the most part stay in their communities after ...

MarketWatch
Americans are often told not to touch their retirement savings until the future, but the ... John, a senior strategic policy adviser at the AARP Public Policy Institute. ... Companies could help their employees balance saving for retirement, ...

The Providence Journal
PROVIDENCE — A push is on by a small group of lawmakers to give a pension boost to retired state and municipal employees, and public school ...

Illinois Policy
Local elected leaders will not be paid public salaries while collecting public pensions if a bill approved by the Illinois Senate becomes law. Senate Bill ...

Chief Investment Officer
The audit found that 383 of the pensions, or 58%, were examined only once by the Public Pension Division of Illinois' Department of Insurance ...

Pensions & Investments
... primarily 401(k) plans, to offer auto enrollment but excluded public-sector DC plans, which aren't covered by ERISA. "The Pension Protection Act ...

Los Angeles Times
One of the world's largest investment banks has agreed to put $130 million into the nation's biggest public pension system to settle accusations it ...

The Pew Charitable Trusts (blog)
Philadelphia sponsors a retirement plan as part of the compensation .... and plan design of one public retirement system with those of similar systems, ...

PLANSPONSOR
A report from the Center for Retirement Research (CRR) at Boston College notes that some public pensions allow for a target allocation “range” for ...

Census Bureau
For the 100 largest public-employee pension systems in the country, assets (cash and investments) totaled $3640.1 billion in the fourth quarter of ...

National Public Pension Coalition
Public employees rallied around Gov. Kate Brown because she was pro-public pension, believes in workers rights, and is an ardent supporter of ...

AZCentral.com
A day after being warned not to give raises to staff, the state public safety retirement system board gave a $39,500 raise to the fund's interim director, ...

Reason Foundation
This line of research is particularly relevant at a time when public employee pension plans across the nation are facing major solvency challenges, ...

Philly.com
Only one — the Public School Employee Retirement System (PSERS), with over $50 billion in assets — reported making any money at all, a positive ...

Gillette News Record
CASPER — Employees in Wyoming's public sector have experienced the ... “Has public sector compensation risen above pay for similarly-qualified ... pensions or other retirement plans, which the American Enterprise Institute study ...

Sacramento Bee
California state government's bill for public employee pensions is set to rise by $676 million. CalPERS on Tuesday advanced a scheduled increase in ...

Washington Post
In contrast, Maryland faces a looming public pension crisis. Maryland has promised government employees and retirees $21 billion more than ...

Philly.com
... Public School Employees Retirement System, Pennsylvania's largest state investment fund, have lately been “directly” buying investment properties, ...

Pensions & Investments
Matt Bevin vetoed a pension relief bill that would have allowed ... Kentucky lawmakers in the House and Senate passed the pension relief bill on March 28, ... including universities, public health departments, regional mental health ...

PLANSPONSOR
... the Center for Retirement Research (CRR) at Boston College notes that some public pensions allow for a target allocation “range” for different asset ...

Pensions & Investments
U.S. public pension plans' funded status dropped in the 10 years ended 2018, during a period when equities rallied, said Ashwin Alankar, portfolio ...

American Enterprise Institute
Benefits, including pension accruals, grew substantially faster in the public than the private sectors. As a result, total compensation from 1998 to 2017 ...

Wall Street Journal
Maine's public pension fund earned double-digit returns in six of the past nine years. Yet the Maine Public Employees Retirement System is still $2.9 ...

Las Vegas Review-Journal
Despite all the problems with its Public Employees' Retirement System, Nevada has consistently done one thing right. It has re-evaluated and ...

Pensions & Investments
Recent data collected by the National Association of State Retirement Administrators show that state and local pension plans continue to lower return ...

Barron's
Toll Roads Could Fix America's State-Pension Crisis. ... bridges, and tunnels along with shoring up public employee pensions—which is a multi-trillion ...

Pensions & Investments
Kentucky lawmakers passed a pension relief bill that would require 121 ... Under HB 358, "quasi-governmental agencies," including public health ...

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