News Clips for May 16, 2017
Ongoing N.Y. labor strikes hinge on employer benefit contribution
America's pension crisis is real - but not as bad as some companies want workers to believe.
Strapped Pension Funds, and the Hefty Investment Fess They Pay
We're talking about the fees charged by hedge funds and private equity firms to invest pension fund money- fees that enrich the wealthy but imperil workers, retirees and taxpayers
Largest public pension funds see funding improvements in first quarter - report
The aggregate funded status of the 100 largest public pension funds rose to 72% as of March 31, up from 70.1% as of Dec. 31, as asset growth outpaced liabilities, said Milliman's quarterly public pension funding study released Wednesday.
Business As Unusual: GOP Backs Investor Rights And More Rules, Just This Once
Who would have imagined the day when Republicans would emerge as champions of investors' rights? And not only that, but also strongly oppose easing labor regulations?
States to persist with secure choice
Despite congressional action, plans still moving forward
Florida Legislature votes to change default for new state employees to DC plan
Florida's Senate and House of Representatives voted for a bill changing the default participant option to the Florida State Retirement System Investment Plan for state employees hired on or after Jan. 1, 2018.
ILLINOIS TEACHERS GET NO RESPECT FROM STATE GOVERNMENT
Here are three ways in which Illinois lawmakers are failing teachers and the families who rely on them.
Kentucky retirees fighting to keep their pensions
They have spent their lives building a retirement, but now thousands of Kentucky retirees are fighting to keep their pensions.
Missouri Legislature Passes Pension Changes
Missouri public employees could soon be eligible for a pension sooner under a bill that has passed the Missouri Legislature.
DEMOCRATIC HOPEFULS DISMISS SCHEME TO FUNNEL LOTTERY PROFITS INTO PENSIONS
(New Jersey) Legislative leaders, unions also argue that Christie's Lottery plan will go nowhere if it requires more givebacks from public-employee unions
Despite IFO savings projections, pension plan has little support
The debate over how to pay off Pennsylvania's roughly $70 billion unfunded pension liability has seen some movement.
Puerto Rico bankruptcy pits investors against pensioners
Puerto Rico's fiscal tug-of-war with pensioners, bondholders, other creditors and its own finances starts a new, uncharted chapter on May 17.
Counterpoint: Another blow to teachers coming?
I recently read an N&R article about N.C. state senators wanting to eliminate traditional public employee pensions and health coverage. As a teacher in Guilford County for the past 36 years, I shook my head in disbelief. I don't think they understand the damage they are causing our teachers and their students.