News Clips for April 18, 2017
Register for NCPERS Webinar with Segal Group: State Retirement Savings Initiatives: A Win-Win Opportunity, on April 18th!
Video Blog: NCPERS New CIO Summit
The Military Is Revamping Its Retirement System to Attract Millennials
In a bid to lure millennials, the U.S. military is making the most sweeping changes to its retirement program since World War II. Gone are the days when only a 20-year veteran leaves the service with a nest egg. Going forward, those who serve as little as two years will return to civilian life with retirement savings.
Public Pensions' Cash and Short-Term Investments Jumped 16.7% in 4Q
Largest quarter-to-quarter increase since 2005, Census Bureau says.
Trump signs bill ending safe harbor for city secure choice programs
Rules allowing cities and other large political subdivisions to set up private-sector retirement savings programs were reversed Thursday when President Donald Trump signed legislation disapproving them.
Low-return expectations sending institutional investors to private assets
Expectations of low returns across traditional asset classes are sending institutional investors to search out returns and diversification via investments in private assets.
House approves FRS changes critics say will destabilize the plan
Changes targets teachers and judges.
New Orleans municipal employees blast Stacy Head's proposed pension changes
City employees who are the target of a proposal to reduce New Orleans' spending on employee pensions blasted Councilwoman Stacy Head's efforts Tuesday (April 11), saying it would hurt the city's ability to recruit workers.
Puerto Rico governor, oversight board sued over planned pension cuts
A Puerto Rico labor union sued Governor Ricardo Rossello and the U.S. territory's financial oversight board on Wednesday, saying pension cuts being proposed as part of the island's fiscal turnaround were unconstitutional
Some SC cities shortchanged by Senate's proposed pension deal
Some S.C. cities say they - and their workers - would be shortchanged under the state Senate's plan to shore up the state's embattled pension system.
In Dallas and Houston, pension fights escalating, sparking unexpected debates
Houston and Dallas leaders were supposed to each be united on how they wanted state lawmakers to address their respective pension shortfalls before the legislative session even began
Divestment from California public pension funds is bad for pensioners
The small but fevered movement to divest California public monies from companies involved with the Dakota Access Pipeline project is ill-conceived, and if successful, will prove injurious to pensioners, retirees and state taxpayers.
Oklahoma Teacher of the Year: Should I stay or should I go?
A few months ago, my wife and I obtained certification to teach in Texas. We love our school, our district, our city, our students, and their families, but what's happening to education in the state of Oklahoma is criminal. And, the thing is, it's not just education. The recurring budget deficits have reduced all core state services to scraps.