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March 13, 2018: NCPERS News Clips
Posted On: Mar 15, 2018

News Clips for March 13, 2018


National News

Senate retirement savings bill reintroduced
     A package of retirement savings initiatives, including making multiple employer plans more accessible, was introduced Thursday in the Senate by Finance Committee Chairman Orrin Hatch, R-Utah, and ranking member Ron Wyden, D-Ore.

Teachers Experiencing Unrest As New Policies Impact The Profession
     Teachers across several states are speaking out against low pay, pension cuts, poor benefits, crowded classrooms, and dangerous working conditions.

Teachers in West Virginia went on strike -- and won. Now, teachers in other states may follow their lead
     The strike in West Virginia has inspired similar movements as teachers in Oklahoma are considering a walkout next month and Arizona teachers had a public show of solidarity this week for better wages.

State News

Colorado introduces legislation to improve state pension plan's funded status
     Bill includes changes to employee and employer contributions, retiree COLAs

Augusta - Richmond Co. Leaders vote to adjust pension plan for city workers
     (Georgia) On Tuesday, Augusta - Richmond County Leaders voted to adjust the current pension plan for city workers. It changes the multiplier from 1.65% to 2% for all employees essentially giving them more money when they retire.

Senate Sends Back KY Pension Bill
     A.G. Beshear warned of illegalities prior to non-vote.

State Retirement System In Good Shape, Pension Researchers Say
     Montana's retirement system is in good shape compared to the rest of the country. That's what national pension researchers told state lawmakers today.

Teachers union demands $10K raises, increased funding for education, state agencies
     The Oklahoma Education Association has laid out its demands for lawmakers to prevent a strike, and the list goes way beyond just teachers.

Oregon Legislature passes bill creating new funds to help with pension contributions
     The Oregon Legislature passed a bill aimed at reducing the $74.6 billion Oregon Public Employees Retirement Fund's unfunded liability

Canadian News

Canada Pension Plan backs fledgling hedge funds as titans disappoint
     Canada's biggest pension plan aims to back as many as four fledgling hedge funds a year at a time when investors are balking at the high fees and disappointing returns from the industry's biggest managers.

Ontario Public Service Employees Union plan returns 9.5% in 2017
     Ontario Public Service Employees Union Pension Plan, Toronto, returned 9.5% on its investments in 2017, helping raise assets to C$20.3 billion ($16.2 billion), said Hugh O'Reilly, president and CEO or OPTrust, which manages the pension fund's assets.

Canadian pension funds increasingly using co-investments to diversity real estate holdings
     In their constant search for diversification, Canada's largest pension funds seem to be continually restructuring their Canadian office building portfolios.


Defined benefits better than defined contributions
     (South Carolina) While it can be argued that there is no such thing as a good con, there are some that are useful to show how easily it is to fool people into spending their money for no good or useful reason on something that is not worth what the producers said it would be worth. My own experience with Sea Monkeys has served me well over the years.


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