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May 1, 2018: NCPERS News Clips
Posted On: May 01, 2018

News Clips for May 1, 2018


National News

The Facts Behind The Teacher Strikes
     This spring has been marked by a remarkable phenomenon: the first statewide teacher strikes in recent memory

The big myth about America's pension crisis
     America's pension crisis is growing - and a lot of people are pointing fingers.

State News

California Pension Overhaul Bills Killed
     Three bills aimed at lowering state pensions costs are shot down by Senate committee.

Critics accuse Gov. Scott of 'pay-to-play politics' over state pension fund
     (Florida) As Gov. Rick Scott campaigns to unseat three-term Democratic Sen. Bill Nelson, critics are accusing him of engaging in pay-to-play politics by leveraging his stewardship of the Florida state pension fund for political contributions.

Illinois Secure Choice Pilot Program Now in Operation
     The Illinois Secure Choice Savings Program, the state-run retirement savings vehicle for private sector employees in Illinois who do not have access to an employer-sponsored plan, is now being tested by employers that volunteered to participate in a pilot program, Illinois State Treasurer Michael W. Frerichs (D) announced April 18.

Kentucky judge allows lawsuit against newly signed pension reform to continue
     A Franklin Circuit Court judge ruled Wednesday that Kentucky Attorney General Andy Beshear's lawsuit against a recent pension reform law can move forward.

Tennessee Consolidated Retirement System named Top 4 best funded State Pensions by Pew Charitable Trusts
     Last week, The Pew Charitable Trusts published research that ranked the Tennessee as one of the best funded state pension programs in the country. A non-profit focused on non-partisan government research, Pew Charitable Trusts listed Tennessee, along with Wisconsin, South Dakota, and New York as best prepared to fulfil pension promises made to public employees.


America's public pensions matter
     There's a lot of attention being paid to public pensions right now as America faces a retirement crisis, and states face pressure to offer expensive tax loopholes and tax breaks to big corporations like Amazon, Foxconn, Walmart and other businesses.

Canadian News

Canadian Pension Funds Lose 0.7% in Q1
     The 334 pooled funds turn negative after record gains in 2017.

CAAT to launch pension fund for private-sector companies without a DB plan
     Colleges of Applied Art and Technology Pension Plan, Toronto, plans to create a defined benefit plan for private-sector companies across Canada that have no workplace DB plan, said Derek Dobson, CEO and plan manager.

OPSEU brokers historic new pension deal for Ontario
     Thousands of members of the Ontario Public Service Employees Union (OPSEU/NUPGE) and other workers now have an opportunity to get a pension thanks to a deal involving the Broader Public Sector (BPS), charitable and non-profit groups.


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