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September 19, 2018: NCPERS News Clips
Posted On: Sep 19, 2018
Next week's News Clips will be on Thursday, September 27th
 
   

News Clips for September 19, 2018

NCPERS News

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


National News

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 News

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 News

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.

Opinions

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.


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