Tuesday, November 20, 2018

Nov. 15 edition, Pension Issues in the News


NOVEMBER 15, 2018

MINNESOTA NEWS + OPINION

Minneapolis Star Tribune
He joined the Minnesota Revenue Department in 1987, before joining ... He's a good fiduciary and steward of the public employee pension dollars ...

NATIONAL NEWS + OPINION

Bloomberg
... the country; retirement systems representing the Methodist and Roman Catholic churches; and the California Public Employees' Retirement System, ...

Chicago Daily Herald
And it would cost Illinois' public pension funds billions of dollars in capital gains. Divesting from oil and natural gas companies' stocks is a purely ...

Lexington Herald Leader
Last winter, in response to Kentucky's public pension deficit, Gov. Matt Bevin signed into law a bill cutting retirement benefits, most notably by putting ...

PLANSPONSOR
The Center for Retirement Research (CRR) at Boston College, in a new .... the research finds that public employees who have access to retirement ...

CNBC
NEW YORK, Nov 12 (Reuters) - Administrators of some of the country's largest public pension funds have decided they are interested in sustainable ...

Spokane Public Radio
The 401(k) is turning 40. The 401(k) of course is a retirement plan offered by many employers. Roughly 40 percent of American workers use them.

Chief Investment Officer
Untapped public assets such as state lotteries could be used to add “many billions of dollars” of funding to struggling public pension systems, ...

Lexington Herald Leader
It is considered one of the nation's worst-off public pension funds, largely due to years of inadequate contributions by state leaders and unreasonable ...

The Daily Caller
One of the country's biggest public-pension funds succumbed to pressure from activists to divest from private prison companies CoreCivic and GEO ...

MarketWatch
Pensions: Public pensions may have been saved this election. A few gubernatorial candidates had been particularly critical of pension plans, said ...

Louisville Eccentric Observer
Matt Bevin should be praised for working to find a way to fully fund the pensions for public employees, including teachers and first responders.

TriStateHomepage.com
Indiana Public Question One addresses the Balanced Budget Amendment. ... The measure would also require public pension funds to be actuarially ...

KGUN
These changes mean that the old pension system for corrections officer ... Currently, Arizona's Constitution states that benefits for public retirement ...

San Francisco Chronicle
But instead of playing the long game, we have seen an increase in the politicization of public pension funds. From politically advantageous assumed ...

The Detroit News
Lansing – A newly created investment board will oversee Michigan's public retirement fund system that finances pensions and retirement payments for ...

Illinois News Network
The annual required contribution, or ARC, from the state to the five public pension plans it is responsible for was more than $11 billion in 2018, ...

NJ Spotlight
New Jersey still has one of the nation's worst-funded public-employee pension plans despite recent efforts to improve conditions using larger state ...

Thursday, November 8, 2018

Review and Comment under Policy 3.32 College Faculty Credentialing for Proposed Development and/or Revision of Credential Fields and Minimum Qualifications


To:  Presidents, Chief Academic Officers, Chief Student Affairs Officers, Human Resource Directors, MSCF State Leadership

Please review the attached proposed revisions to credential fields and associated minimum qualifications in the following areas:

Taxidermy (proposed to retire field)
Watch and Clockmaking (proposed to retire field)
Cinema (periodic review, no proposed changes)
Judicial Reporting and Broadcast Captioning
Chemical Dependency
Diagnostic Medical Sonography
Health Unit Coordinator (periodic review, no proposed changes)
Medical Laboratory Technology
Occupational Therapy Assistant
American Sign Language (periodic review, no proposed changes)
Sign Language Interpretation and Transliterator
Foreign Language Interpreting (periodic review, no proposed changes)
Biofuels Processing Technology (periodic Review, no proposed changes)
Solar Energy Technology
Wind Energy Technology

I request that you share this correspondence with faculty, administrators and other appropriate staff for review and comment.  All comments and suggestions are welcome from all constituent groups.

Additionally, so that we might review the feedback in a coordinated manner, I request that each chief academic officer submit a single summary response to this review and comment document representing the position of the college administration.  If we do not receive a response providing suggested changes or concerns for consideration, we will assume that the college is in agreement with the proposed revisions of these credential fields and the associated minimum qualifications.

Please refer questions and submit responses by December 3, 2018 to:

Wendy McCance, J.D., Program Director
Minnesota State Colleges and Universities
30 7th St. E., Suite 350
Saint Paul, MN 55101-7804
Phone:  651-201-1768, Fax:  651-632-5018



2018-11-08 Proposed Revised Credential Fields and Minimum Qualifications

AFT President Randi Weingarten on the Ousting of Attorney General Jeff Sessions

For Immediate Release
November 7, 2018

Contact:
Oriana Korin
202-374-6103
okorin@aft.org
www.aft.org

AFT President Randi Weingarten on the Ousting of Attorney General Jeff Sessions

WASHINGTON—“Just one day after the voters sent a Democratic majority to the House of Representatives to put a check on President Trump, he forced out Attorney General Jeff Sessions, naming a replacement, Matthew Whitaker, who is on the record criticizing the Mueller investigation.

“We are entering a dangerous moment, where the president is putting his thumb on the scale, evidently to thwart the independent investigation into his own behavior.

“No one should be above the law in America; this is a democracy, not an autocracy or a dictatorship. When elected officials govern based on personal vendettas, they pose a direct threat to the balance of justice in our country.

“Congress warned the president against this, and he has continued to act with the most reckless impunity we have ever seen from a person holding this office.

“How do we teach our students to obey rules when President Trump is showing them that they don’t have to? How can we, in good conscience, preach about democracy when the leader of our country shows contempt for the very foundation of our democratic values?

“We, the people, will be the ones who try to hold the president accountable, while at the same time asking both what remains of the current Congress, as well as the newly elected Congress, to do the same. AFT members and leaders will take to the streets and join actions happening all around the country tomorrow at 5 p.m. EST, to make clear that Matthew Whitaker is not an appropriate person to oversee the Russia investigation.”

Thursday, November 1, 2018

AFT and Civil Rights, Faith, Progressive and Community Leaders Host ‘United to Reject Hate’ and GOTV Call with 20,000 Activists

For Immediate Release
October 31, 2018

Contact:
Marcus Mrowka
202-531-0689
mmrowka@aft.org
www.aft.org

AFT and Civil Rights, Faith, Progressive and Community Leaders Host ‘United to Reject Hate’ and GOTV Call with 20,000 Activists

WASHINGTON—Last night, more than 22,000 AFT members, activists, progressive leaders, civil rights leaders and faith leaders joined a national telephone town hall to discuss how, in the wake of political, racist and anti-Semitic attacks, communities are uniting to reject hate and violence and working to get out the vote. The Unite to Reject Hate and GOTV national town hall was hosted by the American Federation of Teachers with more than 30 partners participating. Rabbi Sharon Kleinbaum concluded the town hall with a prayer of healing, unity and justice.

Partner Statements

AFT President Randi Weingarten:

“Hateful rhetoric and words of incitement have fueled heinous acts of violence across our nation over the past week—pipe bombs mailed to elected officials and the media, a shooting at Kroger after a failed church attack, another school shooting, and the deadliest anti-Semitic attack in our nation’s history. Political violence that once seemed unimaginable now seems inevitable—the result of hate being normalized and divisions stoked by those in power. This is a moment of crisis for our communities that we have not experienced in decades. We are in pain; but our pain can’t immobilize us. We must act. The most important thing we can do right now is to vote. If anything about what is happening in our country bothers you—vote. This election is a choice between cruelty and decency, fairness and prejudice, democracy and autocracy. We the people can vote for change.”

U.S. Rep. James Clyburn (remarks from the town hall):

“The goodness of this great country is on the ballot this year. We have to get people to understand that this year’s election will be more consequential than any in the last few generations.”

NAACP President Derrick Johnson (remarks from the town hall):

“The election cycle is about the hate we’ve seen in the last week, it is about the loss of civility in our political discourse. And most importantly this election will define democracy in our country for the next 15 years. Turnout is crucial.”

NARAL Pro-Choice America President Ilyse Hogue:

“Words have meaning and consequences. And those from the president and his allies over the last few weeks have been beyond dangerous. It is a danger that we in the women’s rights and reproductive freedom world have sadly experienced firsthand. We know that violent rhetoric directly leads to heightened violence. They want us to live in fear. They want us to be paralyzed by fear. But we can’t afford that. This nation can’t afford that. Their path to victory is fear. Our path to victory is overcoming that fear, overcoming the hatred, overcoming the violence.”

For Our Future Action Fund CEO Justin Myers:

“For Our Future is proud to stand shoulder to shoulder with our allies and reject hate and violence. Our communities deserve and need a government that represents us all instead of a fringe faction. For Our Future remains committed to fighting for justice for all communities.”

MoveOn Senior Advisor and National Spokesperson Karine Jean-Pierre:

“A large and growing majority is alarmed at the direction this country has taken. We reject division and hate. We are fighting for a better future—one in which everyone is respected, and in which everyone can thrive. We are energized, we are mobilized, and we are determined to make our voices heard at the ballot box Nov. 6.”

Voto Latino President Maria Teresa Kumar:

“This midterm election is a referendum on our values and priorities. Americans are flooding the ballot box and turning out in record numbers this midterm. Latinx voters are no exception. Through the Somos Mas campaign that Voto Latino launched to register 1 million voters by 2020, we’ve already shattered our goal for this year, registering 200,000 voters and counting. This is what those who peddle hate for political expediency fear—they know that when our community is motivated and organized, we can collectively right the direction of our country. Our call to action: It’s not enough to vote; pledge to take a friend.”

Coalition of Labor Union Women President Elise Bryant:

“The time is now, the place is here. Together we will stop the cycle of fear with the unstoppable force of love and solidarity. We will march, we will sing, we will get out the vote for ‘liberty and justice for all’!”

United States Hispanic Leadership Institute President Dr. Juan Andrade Jr:

“The number of people spewing hate is growing daily and fueling acts of violence, and we must unite to diffuse the effects of hatemongering speech. To paraphrase Voltaire, ‘If a person can make you believe absurdities, a person can drive you to commit atrocities.’ We must unite to stop such speech and violence from spreading in America, and let’s show the world that hatemongers don’t speak for us. We’re better than this.”

Human Rights Campaign Senior Vice President for Policy and Political Affairs JoDee Winterhof:

“Tragedies like Saturday’s anti-Semitic attack in Pittsburgh or the recent shooting at a Kroger grocery don’t happen in a vacuum; they often intersect with vile hatred and bigotry that has been mainstreamed and allowed to fester. The LGBTQ community knows too well the danger and destruction that can occur when an unstable individual, who has been conditioned to hate, gains easy access to military-style weapons, and our hearts are with all those impacted by the recent, tragic spate of violence. But we cannot remain silent. As a society, we must turn our anger into action by holding accountable lawmakers and other public officials who vilify and scapegoat marginalized communities through hateful rhetoric and legislation, because they are complicit in the violence fueled by their words and actions. We need leadership now. We need leaders who will reject the politics of hate and fear, rather than fuel divisive rhetoric that could result in more senseless attacks or deaths. We must continue to demand action until our lawmakers hear us—and we must make our voices heard at the ballot box on Nov. 6 and elect new lawmakers who will.”

UltraViolet Co-Founder and Executive Director Shaunna Thomas:

“As our communities mourn a series of vile acts of right-wing terrorism, we mourn with them. But we will not let acts of hate divide and intimidate us. Together, we must reject this hate, and come Nov. 6, we will do so at the ballot box.”

AFT member and Stoneman Douglas High School teacher Sarah Lerner:

“As an English and journalism teacher and yearbook adviser at Marjory Stoneman Douglas High School in Parkland, Fla., I’m unbelievably proud of the students at my school. They have taken the event that happened and immediately enacted advocacy and change. They created the March for Our Lives, Students for Change, and the Student Gun Violence Summit. And they have used their voices to show strength and truth in their journalism and reporting. We all continue to fight for the 17 Eagles we lost on 2/14.”

Full List of Partners

African American Leadership Council
American Federation of Teachers
American-Arab Anti-Discrimination Committee
Asian Pacific American Labor Alliance
Black Women’s Roundtable
Board of Hispanic Caucus Chairs
Center for Popular Democracy
Coalition of Labor Union Women
Congregation Beit Simchat Torah (New York City)
Congressional Hispanic Caucus Institute
Emerge America
For Our Future
Hispanic Federation
Hispanic Heritage Foundation
Human Rights Campaign
Labor Council for Latin American Advancement
League of United Latin American Citizens
MANA, a National Latina Organization
MomsRising
MoveOn
NAACP
NARAL Pro-Choice America
National Coalition on Black Civic Participation
National Council of Negro Women
National Domestic Workers Alliance
National Immigration Law Center
Partnership for Working Families
Pride at Work
Rainbow PUSH Coalition
UltraViolet
UndocuBlack Network
United States Hispanic Leadership Institute
Voto Latino

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 ...