News Clips for January 10, 2017
NCPERS January Monitor is now available!
Check out the new format!
NCPERS Washington Update for 1-6-2017
You can view yesterday's live webcast on 2017 State & Federal Legislation here!
There's still time to register for the 2017 Legislative Conference!
Register for our webinar on on the 2016 NCPERS Public Employee Retirement Study & its dashboard on January 24th!
Register for our webinar on the NCPERS Code of Conduct on February 7th!
The American retirement dream is not dead ... yet
American retirees are screwed. The 401(k) experiment has failed. Social Security's going bust. Savers haven't saved nearly enough and don't have the means to improve the situation.
Donald Trump collected a massive $168,000 union pension. Will he fight for yours?
Donald Trump ran for president as a self-proclaimed champion of working-class people - a self-image he has maintained mostly by taking credit for saving U.S. jobs he had little to no part in saving.
Pulling U.S. Public Pensions Back from the Brink
As some face grave danger (see Dallas Police & Fire), a few government systems are clawing their way back to long-term solvency.
The Champions of the 401(k) Lament the Revolution They Started
The dominant vehicle for retirement savings has fallen short of its early backers' rosy expectations; longer life spans, high fees and stock-market declines (Subscription required)
State wants Supreme Court to revisit pension decision
Arizona's pension plan for judges and other elected officials is asking the state Supreme Court to reconsider its ruling that says making judges pay more into their pension plan is unconstitutional.
Second California appeals court rules pension benefits can be reduced
Case involves 2013 pension reform that eliminated CalPERS participants' right to buy retirement credits (Subscription Required)
Malloy, unions square off again
State employee unions say they have given enough to help Connecticut's fiscal picture, but Gov. Dannel P. Malloy wants more concessions.
IPERS weighs cut in pension investment target
Iowa's largest public employees' pension fund is looking at lowering a key investment target, which could lead to higher pension contribution costs for public employees and increased pressure on state and local government budgets.
Here's what the Kentucky legislature passed
Labor: Right-to-work, Repeal prevailing wage & Unions dues paycheck deduction
Jerram wants Omaha council to oppose bill requiring changes to police, fire pension system
Omaha City Council member Chris Jerram wants the city to oppose a legislative bill that would require major changes to retirement benefits for new hires in the police and fire departments.
Congress, oversight board and stakeholders must take next steps to resolve Puerto Rico crisis
This past summer, Congress passed the Puerto Rico Oversight, Management and Economic Stability Act or PROMESA to help resolve the island's financial crisis. The legislation created two groups: A Congressional task force on economic growth and an oversight board to review fiscal plans and move debt restructuring forward.