News Clips for April 25, 2017
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Tell your Senator to VOTE NO on S.J. Res 33!
As the Clock Ticks, Senate Stalls on State-Run Retirement Plans
Congress could overturn a rule that allows states to create private-sector retirement programs. But it only has a limited time to do it.
State pension funds paying billions in hidden fees, Pew study finds
Higher fees don't translate into higher returns, study showed.
Alternative Fact: Americans Have Great Retirement Security
With so many marquee issues on the line over the next few years - tax reform, healthcare, Social Security, Medicare - there is one topic both parties can agree on: Americans are not fully prepared for retirement.
Proposed state pension reform is hot topic at H.B. council meeting
(California) The statewide pension issue was a hot topic Monday at the Huntington Beach City Council meeting.
Florida House Passes Retirement System Bill that Favors DC Plans
Bill proposes defined contribution plans become the new default.
Kentucky pensions chair wants more conservative assumptions
The newly elected chairman of the Kentucky Retirement Systems Board of Trustees says look for the board to make certain conservative assumptions next month that will paint an even grimmer - but realistic - outlook of the systems' financial condition
Mississippi pension funding too low: Report
A new report says that even if Mississippi's public employee pension system was meeting investment assumptions, governments still aren't putting away enough money to whittle down debt from previous pension underfunding.
Ohio's Pension Systems Are Underfunded, According to a New Report
State pension systems are underfunded by more than a trillion dollars nationwide, according to a new report.
Out-of-state interest groups weigh in as South Carolina tries to repair pension plans
As South Carolina's multi-billion-dollar plan to fund the state's pension systems awaits action by Gov. Henry McMaster, opponents continue to press their case.
Group submits petitions calling for charter vote on city pensions
(Texas) Move forces new employees into 401(k)-style plans
Why Small-Business Owners Should Offer Pension Plans
Small-business owners are often so driven to make their companies succeed that they forget to take care of their own retirement. And they sometimes forget to take care of their employees' retirement, too.