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December 4, 2018: NCPERS News Clips
Posted On: Dec 07, 2018
 
   

News Clips for December 4, 2018

NCPERS News

National News

New Research Examines Return To Work Policies For Public Sector Employees
     A new report provides the first comprehensive analysis of the post-retirement employment policies of over 80 of the largest state pension plans in the U.S., including those that cover state and local employees, public safety workers, teachers and university faculty and staff.

State News

Sacramento Company First In California To Enroll In State-Run Retirement Savings Program
     California is launching a program for workers whose employers don't offer retirement plans - and the first business in the state to sign up is from Sacramento.

Illinois Supreme Court tosses law aimed at stopping union boss pension abuses
     When Illinois lawmakers found out seven years ago that major labor leaders were significantly pumping up their taxpayer-funded pensions by basing them on their larger union salaries, state officials swiftly approved a law to rein in the windfalls.

KKR, Blackstone Lose Bid to Dismiss Kentucky Pension Lawsuit
     KKR & Co., Blackstone Group LP and their founders must face a lawsuit alleging they failed to deliver hedge fund returns as advertised, a judge in Kentucky ruled Friday in a decision that may present new legal challenges for managers of alternative investments.

New Mexico Teachers Pension Fund Calls for Belt-Tightening
     Fund for state and municipal workers scrambles to find own bailout blueprint to patch up funding.

PERS Q&A: Any chance of pension reforms in 2019 and if so what?
     Editor's note: This is a weekly Q&A focused on the Oregon Public Employees Retirement System. Got a question? Submit it to politics@oregonian.com.

Opinions

Legislators, not municipal workers, to blame for pension problems: Letter
     Why Is Senate President Steve Sweeney trying to punk the citizens of New Jersey.  He says moving municipal workers to a 401(k) type pension will avoid tax increases.  Lie.  His recommendation only shifts the cost from the state to the municipality.  Our highest-in-the-nation property taxes will adjust (increase) with the absorption of these new costs

Canadian News

Canada pension fund investment into US detention firm larger than reported
     CPPIB holds $6.1m in investments in Geo Group, a firm that runs US detention facilities under Trump's immigration crackdown
 


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