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May 30, 2018: NCPERS News Clips
Posted On: May 30, 2018

News Clips for May 30, 2018


National News

Autopsy of a Retirement Plan
     How adequate are defined-contribution faculty retirement plans?

Here's what teachers accomplished with their protests this year
     From West Virginia to Arizona, they walked out en masse to protest at their state capitols. Many were tired of working multiple jobs and wanted higher salaries.

State News

Mass. Pension Fund Tops List of Private Equity Earners
     CalPERS, Washington State Investment Board invest the most funds to the space.

'Level-dollar' pension funding bill advances in Michigan legislature
     A Michigan bill would help the state avoid accumulating more pension debt and create more stable payment projections that could save taxpayers billions of dollars in the next two decades, its supporters say.

CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
     Evans is the third CIO to resign from a NY pension this month.

R.I. Supreme Court denies appeals on state pension settlement
     The R.I. Supreme Court denied the appeals against the state pension class action settlement made in 2015 on Friday, affirming the judgement of Superior Court.

Canadian News

Canada Blocks Chinese Takeover on Security Concerns
     Canada has blocked a $1 billion takeover of a construction company by a state-controlled Chinese company over national security concerns, a rare move by a government that until now has largely welcomed such deals despite growing skepticism over Chinese money elsewhere.

Alcoa Contributes $500 Million to US Pension Plans
     Aluminum producer used proceeds from recent debt offering to fund contribution.


Concerned about PERS legislation
     (Ohio) This letter is in regard to a problem that has been in Ohio legislation since 1989, at least that's what I was told. Ohio is one of just three states that has this law that needs to be changed.


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