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June 19, 2018: NCPERS News Clips
Posted On: Jun 19, 2018

News Clips for June 19, 2018


National News

States take the lead in urging employees to save for retirement
     Congress has stalled out in offering ways for people to save more for retirement, particularly those who don't have access to a retirement plan at work. That's where the states come in.

Public Pensions Need To Consider That Beneficiaries Are Living Longer
     Americans are living longer, and that may not be good news for those states facing large unfunded pension liabilities.

State News

California's state budgets represent a seemingly unstoppable rise in government spending
     It's nothing to pop champagne corks about, but California state government is reaching a historic milestone: its first $200-billion spending plan.

Newark leader makes the case for the city's bond referendum
     (Delaware) At a time when the state is taking a hard look at opportunities to broaden its revenue streams and reign in unnecessary spending, Newark is following suit.

Proposed pension plan could cost taxpayers millions of dollars
     The Atlanta City Council is moving forward with a controversial pension plan that would retroactively pay millions of dollars to hundreds of current and former city employees, some with only five years of service.

Response to Bevin's Chief of Staff; Kentuckians know the truth about 'Sewer Bill'
     A wise teacher recently told me, "If you're doing the right thing, you don't hide it in a sewer bill."

Canadian News

Ontario Teachers Pension Plan Board Has $19.81 Million Holdings in Canadian Imperial Bank of Commerce (CM)
     Canadian Imperial Bank of Commerce logoOntario Teachers Pension Plan Board boosted its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 272.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange 


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