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February 27, 2018: NCPERS News Clips
Posted On: Feb 27, 2018

News Clips for February 27, 2018


National News

How today's big Supreme Court case on public-sector unions could lead to a fiscal crisis
     The Supreme Court is to hear arguments Monday in Janus v. AFSCME, a case in which the justices will decide whether public-sector workers who do not belong to unions must still pay union fees.

Fix the Pensions, Fix the Tunnels
     If states reduced their unfunded liabilities, they could afford to invest more in infrastructure.

This Is What Life Without Retirement Savings Looks Like
     Many seniors are stuck with lives of never-ending work-a fate that could befall millions in the coming decades.

State News

Arizona's Largest Pension Fund to Raise Employee Contributions
     Slight hike to start at the beginning of the next fiscal year.

California Lawmaker Pushes for State DC Plan Option
     A new bill in the California legislature would offer new state employees a 401(k)-style plan in which their own contributions would be fully matched by the state.

Secure Savings plan a start for people left behind in retirement accounts
     (Colorado) All of us have enjoyed the run up in our retirement plan balances over the past few years. Even with a dose of reality recently, we're certainly better positioned for retirement now than we were back in 2008.

In a place where saving for retirement is tough, some back state-run retirement fund
     Half of Hawaii's private sector workers have no savings for retirement, according to AARP.

Kansas' billion-dollar giveaway: Inside the state's web of tax carve-outs
     Kansas refuses more than $1 billion every year in potential revenue - money that could help pay for schools, roads and other priorities or be used to lower tax rates.

Kentucky Senate Finally Files Anticipated Pension Bill
     SB 1 contains a variety of changes from Gov. Bevin's controversial October bill.

Scranton pensions on path to financial recovery
     (Pennsylvania) State Auditor General Eugene DePasquale delivered a dire prediction four years ago about Scranton's fire, police and nonuniform pensions: They were on the verge of insolvency.

Pay Yourself First: TN Lawmakers Look at Statewide Retirement Program
     More than a million Tennesseans don't have access to a retirement savings program through their employer - and AARP's Public Policy Institute estimates that people are 15 times more likely to save for retirement through a payroll deduction program. 

Canadian News

OMERS reports 2017 investment return of 11.5%
     Investment businesses produced strong results

Why some say Canada's 'gold-digger' legislation needs to go
     Surviving spouses of military veterans can't collect government pension if married after age 60

Actuarial analysis required for Ontario's proposed PBGF changes: CIA
     The Canadian Institute of Actuaries is urging Ontario to take an actuarial approach to its proposed changes for the pension benefits guarantee fund.


Pension bill would discourage future teachers
     Kentucky's legislature is poised to promise aspiring teachers an insecure old age in exchange for more years of work.

Guest opinion: Pay attention to Montana state pension costs
     Montana's pensions for our government employees are in trouble. We need to have a candid discussion of the costs the state faces to make pensions solvent.

The Fairfax County Board of Supervisors ought to listen to constituents about spending
     (Virginia) The Feb. 21 Metro article "Fairfax budget proposal would raise property tax" failed to mention a key fact: The majority of Fairfax County voters oppose a tax hike. 



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