News Clips for September 19, 2018
NCPERS September Monitor is now available!
You can now register for the 2018 Public Safety Conference!
NCPERS Washington Update for 9-14-2018
You can view Facebook Live sessions from the 2018 Public Pension Funding Forum!
Pension Landscape & Trends
State Approaches to Addressing Pension Funding Issues
View our webinar 'Dedicated Managed Accounts - Taking Control of Your Hedge Fund Allocations' with BNY Mellon
Is Retirement 'Out Of Reach For Working Americans'?
That's the claim of a new report by the National Institute for Retirement Security (NIRS), titled, appropriately enough, "Retirement in America: Out of Reach for Working Americans?" It contains a number of dire statistics. But how bad are things, really?
Over Half of Americans Have Nothing Saved in a Retirement Account
The median retirement account balance among all U.S. workers is "zilch"
State Treasurer candidate on fixing PERA and divesting from gun makers
(Colorado) After seven years representing Evans, Garden City, and part of Greeley in the state house, Young, a Democrat, is running for State Treasurer against Republican businessman Brian Watson. The job is now held by Republican Walker Stapleton, who is challenging Democrat Jared Polis for the Governor's office.
Palm Beach fighting 'experience gap' caused by high employee turnover
(Florida) Council takes first step toward extending retirement program in hopes of curbing employee losses.
Pension Bill To Be Argued Before Kentucky Supreme Court On Thursday
The lawsuit against Kentucky's new pension law will be heard by the Supreme Court of Kentucky on Thursday, pitting Kentucky's two preeminent political rivals against each other and putting retirement benefits for thousands of teachers and state workers in the balance.
NJ governor says workers shouldn't pay for state's pension error
"It's the state's fault that we've got the deficit we have," Governor Murphy said, about the pension problems.
Canadian government bank provides opportunities for pension funds to invest in infrastructure
Opportunities exist in Canadian infrastructure equity if asset owners tap the country's government-created bank to find and finance new opportunities in the asset class, a bank official said Wednesday.
Intergenerational Equity on Pensions Is Hard
The solution is to shift employee contributions from these defined-benefit plans to defined-contribution plans, where employees bear the investment risk rather than taxpayers.