×
Register an Account
Forgot Login?
April 24, 2023: NCPERS Weekly News Clips
Posted On: Apr 24, 2023

NCPERS Weekly NewsClips

April 24, 2023

Feedback Requested: Vote on the 2024 Public Safety Conference location!

NCPERS Spotlight

NCPERS Washington Update, April 21, 2023

How NCPERS Accredited Fiduciary (NAF) Program Helps Public Pensions Advance Good Governance Practices, April 19, 2023

Five-Year Market Outlook: How Slow Growth Transitions and Inflation Recalibration Impact Pension Plans, April 19, 2023

Pension Industry Careers: Job Listings, Hiring, and Retirement Announcements, April 14, 2023

How to Prepare for Your New Pension Administration Solution, April 12, 2023

Save the Date for NCPERS 2023 Public Pension Funding Forum, April 11, 2023

Navigating a Paradigm Shift, April 6, 2023

April Issue of The Monitor Now Available, April 6, 2023

The Importance of Ongoing Education, April 5, 2023

ASOP 4: What Pensions Should Know About the Newly Required LDROM Disclosure, April 5, 2023

Public Pension RFP Roundup, April 3, 2023

2022 Public Pension Compensation Survey Now Available, November 10, 2022

Upcoming Events

Do Pension Expenditures Impact Education Spending?

Date: May 4

Location: Virtual

Annual Conference & Exhibition (ACE)

Date: May 21-24

Location: New Orleans, LA

Chief Officers Summit

Date: June 19-21

Location: Denver, CO

Opinions

LTE: Insufficient Pay for Working Teachers is Just the Start

If Maine is serious about maintaining the high quality of public education and making the teaching profession more appealing, we must raise salaries, but also we must ensure that L.D. 1096 and L.D. 70 are fully funded, writes retired teacher Sarah Shmitt. Read more

National News

Do State and Local Pension Plans Really Need to be Fully Funded?

The Center for Retirement Research's makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy. Read more

Podcast: Bill Would Repeal an Expensive Tax Rule for Public Servants

Rep. Spanberger recently reintroduced the Social Security Fairness Act to eliminate the WEP and GPO. She joined the GovExec podcast to discuss the windfall elimination provision, the government pension offset and the results of her survey of her constituents. Read more

Volatility Has Little Effect on Public Pension Funded Levels in March

The funded ratio of the 100 largest U.S. public pension plans increased to 74.5% as of the end of March, from 73.6% at the end of February, improving the plans’ funded status by $54 billion, according to consulting firm Milliman’s Public Pension Funding Index. Read more

Public Pension Fund Costs Not Impacting Public Education Resources, Study Says

State government spending on public pension funds is not taking resources away from spending on public education, according to new research from the National Conference on Public Employee Retirement System. Read more

Gensler Defends SEC Proposals at House Oversight Hearing

SEC Chairman Gary Gensler spoke about the importance of SEC regulation on climate disclosure, swing pricing and artificial intelligence. Read more

Several States Approve COLA Increases for Pension Funds, Other States Still Considering

COLA boosts to pension distributions have been proposed in Pennsylvania and Texas, while they have already been announced in Maryland and Rhode Island. Read more

Canadian News

How Will Crypto Disclosure Rules Impact Federally Regulated Pension Plans?

The budget suggested the government will work with provinces and territories to discuss disclosure by Canada’s largest pension plan sponsors within their jurisdictions, but doesn’t specify whether all federally regulated plan sponsors, regardless of size, will be required to disclose. Read more

Canada Passes Pension Bankruptcy Protection Bill

Canada’s parliament has passed a bill that will give defined benefit pension plans “super priority” among creditors if the company sponsoring a plan goes bankrupt. The bill now goes to Canada’s governor general for royal assent, which has not been withheld in modern history, to make it law. Read more

State News

Anti-ESG Bills Progressing in Kansas, South Carolina Legislatures

The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says. Read more

Texas State Retirees Aim for Pension Bump

Despite vying for years for a bump, retired state employees have not seen a pension cost-of-living adjustment since 2001. Read more

Key California Legislator Proposes Raising Teacher Pay by 50% Over 7 Years, Paid for by State Funding

Al Muratsuchi, the new chairman of the Assembly Education Committee, is seeking to raise pay statewide for teachers and other school workers by 50% over the next seven years. To pay for it, he’s proposing to increase base funding under the Local Control Funding Formula, also by 50%, in legislation he introduced last week. Read more

Nebraska to Pay More Than $18 Million to State Troopers Over Pension Payments

The troopers in this case argued that the legislature violated the contracts clause of the constitution by increasing the percentage of a trooper's salary that had to be paid to get the state to pay matching contributions in their pension plan. Read more

CT Income Tax Exemption for Retirement Earnings Could Expand

While a proposal to exempt all pension and annuity earnings from state taxation has bogged down, the General Assembly’s tax-writing committee has crafted a compromise that would exempt more middle-income retirees from paying taxes on these earnings. Read more

The Biggest Fed-Triggered Bond Market Moves Are Still Coming, Says Nation’s Largest Local Pension Fund

Jonathan Grabel, chief investment officer for LACERA, the largest county pension plan in the U.S., tells CNBC he expects to be making portfolio allocation changes to focus more on fixed income, and the moves made by his Los Angeles fund and other pension giants will have big implications for the markets. Read more

Mobile Launches Smartphone App for Police, Fire Pension Members

The Mobile Police and Fire Pension’s (MPFP) App is the first phase of an effort to modernize the user experience for all members of the MPFP plan. This easy-to-use, convenient, and informative App is designed to serve MPFP plan members and provide up-to-date information about their individual pension plans and retirement options. Read more

Net Zero Pledge, Climate Change and Board Diversity Highlight CalSTRS’ Priorities for Proxy Season 2023

With many global companies holding their annual general meetings in the weeks ahead, a key priority for CalSTRS is enhancing its strategy to address the risks climate change poses to its global portfolio. Read more

Lawmakers Order Indiana Public Pension Fund to Divest from China

Indiana's pension program for state and local government employees, including teachers, will be required in coming years to sell off about $750 million in assets invested in companies linked to the government of China. Read more

Florida Senate Passes DeSantis-Backed Anti-ESG Bill

The Florida Senate on Wednesday voted 28-12 in favor of a bill that Gov. Ron DeSantis, a likely 2024 presidential candidate, has supported as the latest salvo in his war against ESG investing. Read more

Chicago's Lightfoot Aims to Cement Pension Policy Legacy

Chicago Mayor-elect Brandon Johnson will inherit a healthier fiscal landscape than previously expected, according to an updated forecast Mayor Lori Lightfoot unveiled that raises near-term surplus projections and trims projected gaps in the coming years. Read more

Bill To Force CalPERS, CalSTRS Divestment from Fossil Fuel Investments Passes Second Committee

A bill to phase out fossil fuel investments in the CalPERS and CalSTRS state public pension funds was passed in the Senate Judiciary Committee Wednesday, with the possibility growing that a combined $14.8 billion in fossil fuel investments could be disinvested by the end of the decade if passed. Read more


-
UPFFA
30 Sherman Street
West Hartford, CT 06110
  860.953.3200


Top of Page image
© 2025 UPFFA | Privacy Policy & Terms of Service | Powered By UnionActive