News Clips for January 16, 2018
New ruling builds toward ultimate decision on California Rule for pensions
A California appellate court's decision this week is a small victory for advocates of a less stringent interpretation of the state's constitutional limits on pension adjustments, attorneys said Tuesday. (subscription required)
Kansas Lawmakers Troubled By Brownback Budget Math
Fellow Republicans on Wednesday characterized Gov. Sam Brownback's spending plan - more than $6.6 billion a year - as a beeline return to deficits and an abdication of responsibility in a budding crisis.
Kentucky Pension Reform Bill Could Be Imminent
Bill is being analyzed in accordance with impact on state budget.
Transcript: Mayor De Blasio Announces First-In-The-Nation Goal To Divest From Fossil Fuels
Mayor Bill de Blasio: Thank you, everyone. Everyone I am so glad so many people are here, so many people who are a part of this movement over the years to change the way we do things in this city and I hope soon in this whole country.
Changes to defined-benefits plans recommended to province
Manitoba Finance Minister Cameron Friesen is launching a public review of pension law he says could reduce employers' contributions and give individuals greater access to their locked-in funds should they experience financial hardship.
Actuaries weigh in on solvency funding, target-benefit plans in N.S. pension consultation
The Canadian Institute of Actuaries has responded to Nova Scotia's consultation on a new defined benefit pension funding framework, including how a target-benefit funding model could be linked to an enhanced going-concern funding model.