News Clips for June 20, 2017
Register for NCPERS Live Webcast on 2017 Mid-Year State & Federal Legislation on July 11th!
Registration for the 2017 Public Pension Funding Forum!
NCPERS Washington Update for 6/16/2017
Did you miss our webinar on Economic Loss: The Hidden Cost Of Prevailing Pension Reforms?? View it here!
Pension Plans Held Steady in May, Says Study
Pension plans largely held steady in May, with assets and liabilities growing slightly, says a recent report.
Best states for keeping more of your retirement income
When it comes to finding ways to cut your tax bill in retirement, your federal taxes deserve a lot of attention. For high earners, the top marginal rate is 39.6 percent, and that can go to 43.4 percent when you add the Affordable Care Act surtax of 3.8 percent on investment income.
State appoints panel to look at PSPRS options
(Arizona) Campbell, Stringer both part of 7-person group
Colorado pension system faces risky future despite past fixes
Incremental fixes, tinkering and benefit adjustments over the past decade have failed to keep Colorado's public-employee pension system within a reasonable fiscal comfort zone, say critics of the system.
Police pensions not to blame for property-tax increase
(Illinois) Mayor Rahm Emanuel and his administration continue to blame these tax increases on pensions - the police pension in particular.
MICHIGAN INTRODUCES 401(K)-STYLE PLAN FOR TEACHERS
With the successful passage of 401(k)-style pension reform in Michigan's state legislature, Illinois lawmakers should examine their own growing pension crisis and pursue bolder reforms to stabilize the state's finances.
Mackinac Center Praises Groundbreaking Pension Reforms in Michigan
State demonstrates national leadership in addressing public employee retirement crisis
Legislative panel to study switching public employee pensions into cash balance plans
(Nebraska) Legislation revamping the Omaha and Lincoln police and firefighter pension plans never made it out of committee before state lawmakers headed home last month.
New Mexico pension fund confronts rising obligations
New Mexico's retirement fund for public schools and colleges is confronting an $800 million increase in needs after pension managers lowered expectations for future investment returns.
Oregon State-Run Retirement Plan for Private Sector Opens Soon
The state is moving forward with its program despite Employee Retirement Income Security (ERISA) exemption being taken away by the Trump administration.
Kenney administration, municipal unions go head-to-head over pensions
(Pennsylvania) As the expiration date approaches for contracts with three of the city's largest labor unions, the Kenney administration is gearing up for a fight over pensions.
Houston pension solution challenged by firefighters, expert says city in a 'world of trouble' if courts rule against
For the past year, the pension woes of Houston and Dallas have made headlines. And while both cities acquired legislative patches this session, an expert who has been following the issue suspects the stitching may not hold.