×
Register an Account
Forgot Login?
November 6, 2023: NCPERS News Clips
Updated On: Nov 06, 2023

 

NCPERS Weekly NewsClips

November 6, 2023

 

NCPERS Spotlight

NCPERS Washington Update, November 3, 2023

How Much Capacity Does Your Plan Have for Illiquid Assets?, November 2, 2023

NCPERS Expands Pension Fund Roundtables to Create Space for HR Professionals, November 1, 2023

Pension Industry Careers: Job Listings, Hiring, and Retirement Announcements, November 1, 2023

Public Pensions Shrink the Retirement Wealth Gap, October 28, 2023

Public Pension RFP Roundup, October 27, 2023

2023 Public Pension Compensation Survey: Mid- and Senior-Level Staffing Trends, October 20, 2023

Worlds Apart: The Case for Separating Emerging Markets from your International Allocation, October 13, 2023

Insurance Products for Pension Funds: Protecting Participants, Staff, and Trustees, October 3, 2023

Recognizing Public Pension Communications Professionals, October 3, 2023

NCPERS Year in Review: 2023, September 26, 2023

Upcoming Events

State and Federal Legislation Impacting Public Pensions

Date: December 5

Location: Virtual

Pension Communications Summit

Date: January 21-22

Location: Washington, DC

Legislative Conference

Date: January 22-24

Location: Washington, DC

Opinions

Treasurer: RI Strengthening Pension Fund, Making Gains in Investments

In the coming days, I will convene − at the legislature’s request − a pension impact study group to review the state of our pension system and its impact on retirees, active and future employees, and all taxpayers. I am committed to listening to all stakeholders and to maximizing the short- and long-term return on our investments. Read more

National News

Pension Funded Ratios Fall For Most U.S. Big Cities On Weakened Investment Returns

The median pension funded ratio for the 20 largest U.S. cities decreased during fiscal 2022, mainly due to investment returns falling from 2021 highs. While some losses from 2022's volatile markets could recover slightly in fiscal 2023, S&P Global is forecasting relatively slow growth over the next few years and S&P Global Ratings believes it is unlikely that funded ratios will return to near-2021 levels in the near term. Read more

Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal

The Department of Labor announced Tuesday that it will be proposing amendments to the five-part test for determining if an adviser is a retirement plan fiduciary. The proposal that has been much anticipated by the retirement investing and insurance sectors has been known as the “fiduciary rule” or more recently as the “retirement security” rule. Read more

Will Market Volatility Continue in 2024 and Beyond?

At the end of 2022, economists predicted a recession by the end of this year. No recession has come, yet many forecasters continue to predict one coming soon, continuing a run of unexpected outcomes. “This year so far has provided a strong example of the value of questioning consensus,” summarized Tim Filla, managing principal in and consultant at Meketa. Read more

US-based Funds Slow China Investment; Pension Fund-backed M&A Cools

The third quarter saw a sharp drop-off in the value of investments made in mainland China by US-based private equity and venture capital firms, a signal that the impact of China's troubled economy and new restrictions on outbound investments by US funds are taking a toll on deals. Read more

Canadian News

Ontario Infrastructure Bank to Leverage Public Sector Pension Investments

The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. The province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and community infrastructure and transportation. Read more

State News

Still No Clear Plan for Dallas’ Police, Fire Pension Funding Gap

City officials have until Nov. 1, 2024 to submit a plan to the state as to how they will close the $3 billion shortfall and have the system fully funded by 2055, but it remains unclear how officials will do so. Read more

Oklahoma Treasurer, OPEA differ over ESG policies

Oklahoma’s largest public employee association says efforts by State Treasurer Todd Russ to boycott large banks and asset management companies with environmental, social and governmental policies could cost state taxpayers tens of millions of dollars and “the promise the state has made to thousands of retired public employees.” Read more

Nearly 70K Pa. School, Government Retirees Have Had No COLA Increase in 21 Years

Legislation to provide former public servants who retired before July 2, 2001, with a COLA is on track to be considered by the Democratic-controlled House of Representatives. Two bills advanced out of the House State Government Committee in late June; one would grant a 10% to 20% increase in pension payments, with those who have been retired longer (and likely received lower salaries) receiving the higher percentage, and the other grants a 15% to 24.5% boost. Read more

California’s Pensions are Getting Greener

The California Public Employees’ Retirement System for years has resisted activists’ calls to dump all its oil and gas holdings, saying it doesn’t have the luxury of embracing “social responsibility” if there’s a risk to members’ pensions. But under a proposal published Friday, the system would add new scrutiny of climate risks in its $444 billion portfolio while expanding investments in things like renewable energy, carbon capture and drought-resistant crops. Read more

Alaska Retirement Board Recommends Closure of Widely Used Plan After Analysis Finds Flaws

The board in charge of Alaska’s retirement system for public employees has recommended the closure of its commonly used managed accounts program after an independent review found workers were being charged high fees and receiving lower-than-expected returns. Read more

Jacksonville City Retirement System Posts 13% Return

The $2.2 billion pension fund's return exceeded its policy benchmark return of 11.4% for the period, according to a performance report on its website. Read more

Illinois SURS CIO Doug Wesley to Retire

The CIO of the Illinois State Universities Retirement System, Doug Wesley, will retire from his role after seven years at the helm and 30 years with the organization. He will stay in his current position until retiring on March 1, 2024. Read more

Pennsylvania PSERS Reports Preliminary 3.54% Return for 2023

The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager. Read more

CalSavers Sees Retirement Plan Registrant Increase

The CalSavers retirement savings program continued to support an increase in registered employers, submitted retirement plan contributions and participant-funded accounts in September, according to its latest participation report. Read more

SJCERA Chief Executive Officer Johanna Shick to Retire in March

The San Joaquin County Employees’ Retirement Association (SJCERA) announced Chief Executive Officer Johanna Shick plans to retire in March 2024, after completing seven years of dedicated service and exceptional leadership at SJCERA, and more than 33 years of public service. Read more

Fiscal ’23 Was a Good Year for NJ’s Public-Worker Pension Funds

In all, net investment returns hit 9% during the 2023 fiscal year, which ended June 30, according to the new estimates reviewed by members of the council. Read more

New Mexico PERA Pledges $390 Million to Alts, Unwinds Overlay

New Mexico Public Employees Retirement Association, Santa Fe, committed a total of $390 million to alternative investment funds, according to a staff report. Read more

CalSTRS Expected to Consider Using Leverage to Manage Risk

Staff plans to present a revised investment policy statement to the board in January that would allow the use of leverage across its portfolio but would also increase how far the portfolio can stray from long-term asset allocation targets, expanding the permissible asset allocation ranges by a proposed 2%. Read more

Alaska Permanent Fund Eyes Path to $100B AUM

The program, currently at $78 billion, reviews plans to increase its risk in pursuit of higher returns. Read more

Florida State Board of Administration Reducing Allocation to Stocks

The Florida State Board of Administration has voted to reduce the state’s allocation to public equities and added active credit as a new target asset class, according to the administration’s most recent board meeting. Read more

YouTube


<< February 2025 >>
S M T W T F S
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28
UnionActive Newswire
 
Join the Newswire!
Updated: Feb. 18 (23:10)

General meeting Feb. 19, 2025
Local 406 PPPWU
Data Show Union Membership Can Extend Life Expectancy
Teamsters Local 355
Data Show Union Membership Can Extend Life Expectancy
Teamsters Local 992
AMFA Launches First Local in Canada
AMFA
GC?25-05?Rescission of Certain General Counsel Memoranda
IBEW Local 768
Steve Butz Senate Campaign Kickoff
Saint Louis Police Officers Association
 
     
-
UPFFA
30 Sherman Street
West Hartford, CT 06110
  860.953.3200


Top of Page image
© 2025 UPFFA | Privacy Policy & Terms of Service | Powered By UnionActive