News Clips for January 24, 2017
NCPERS Press Release: Public Pensions Put the Squeeze on Fees in 2016, Besting Mutual Funds, January 17, 2017
NCPERS Washington Update for 1-20-2017
You can still register for today's webinar on the 2016 Public Employee Retirement System Study & its dashboard!
Watch Executive Director, Hank Kim's video blog on the study!
You can still register for NCPERS 2017 Legislative Conference!
You can watch Hank Kim's video blog on the Legislative Conference here!
Public Pension Funds Getting Healthier
Funding levels for public retirement funds are improving despite problems still facing some states, says the National Conference on Public Employee Retirement Systems, a nonprofit trade association representing state and local pension funds in the United States and Canada.
Public Pension Return Assumptions Haven't Budged: Survey
Average actuarial assumed rates of return remained stagnant at 7.5% last year despite two-fifths of pensions lowering expectations.
Don't forget to register for NCPERS webinar on the Code of Conduct!
Returns strong in 2016 despite scary beginning
But pension funds' comeback stalled by increasing liabilities
SEC Scrutiny Of Public Pension Advisers A Top Priority
The Securities and Exchange Commission recently announced its Office of Compliance Inspections and Examinations' 2017 examination priorities. Public pension advisers will be in the crosshairs, the agency stated. That's great news for public pension stakeholders, such as government workers who depend upon these plans for their retirement security and taxpayers who also contribute to them.
PEW Report: Small Business Views on Retirement Savings Plans
Survey explores employer challenges to plan sponsorship and support for new initiatives
Rockefeller Institute: How Public Pension Plan Investment Risk Affects Funding and Contribution Risk
Supreme Court to consider CalPERS case against Lehman Bros.
The U.S. Supreme Court agreed Friday to consider reviving an attempt by the California Public Employees' Retirement System to recover some of the $300 million it lost when the Lehman Brothers investment bank collapsed in 2008.
Illinois Senate to try again on pension reform
Illinois lawmakers will be asked to again tackle cost-saving pension reforms as part of the "grand bargain" package of bills being negotiated in the Senate.
Long-term pension costs in Kansas would rise by $6 billion under Brownback plan
Gov. Sam Brownback's plan to save Kansas money now would eventually increase the state's long-term pension costs by $6.5 billion, the pension system's executive director says.
Critics: Gov. Larry Hogan's budget won't be painless after all
(Maryland) The first-term Republican cheerfully announced at a news conference Tuesday that he could trim spending and eliminate a $750 million deficit with "no serious cuts."
Dallas mayor withdraws injunction request on DROP withdrawals at police, fire pension plan
Dallas Mayor Mike Rawlings withdrew his request for a temporary injunction hearing to block withdrawals from Dallas Police & Fire Pension System's deferred retirement option plan.
Wisconsin public employee pensions will rise based on gains for SWIB funds
Retirees in Wisconsin who worked for a state or local government agency in most parts of the state can expect a small boost in their pension checks this spring.
Canadian pension funding soars to end 2016 - 2 reports
Canadian public and corporate pension plans ended 2016 on a high note in terms of solvency, according to two reports.