News Clips for February 7, 2017
You can still register for today's webinar on the 2017 Code of Conduct & Schedule A!
Register for NCPERS' webinar on our insurance programs!
Registration for the 2017 Annual Conference & Exhibition, NAF & TEDS are now open!
NCPERS Washington Update for 2-3-2017
Despite risks, public pensions put faith in long-term returns
U.S. public pension funds are cutting their expectations for investment returns over the next 30 years or more, but some do not expect to meet even the new targets over the coming decade.
Rockefeller Institute points out pension risk to taxpayers
Public pensions are increasingly turning to risky assets to bolster what could be unrealistic return assumptions, with the alternative being looming tax hikes that would be needed to meet their future obligations to retired public employees.
Tax issue over unfunded pensions will go to Prescott voters
Voters in a northern Arizona city will have the chance to weigh in on a proposed tax hike during an August special election.
California's teacher pension fund lowers its investment predictions, sending a bigger invoice to state lawmakers
Leaders of California's pension fund for teachers lowered their official investment expectations on Wednesday, a shift that will raise costs for both state taxpayers and many teachers.
Connecticut Governor Seeks to Shift Teacher Pension Costs to Towns, Cities
Gov. Dannel Malloy's proposal comes as state faces budget shortfall; measure could force local governments to raise property taxes (subscription required)
Rauner ally seeks spending cuts on universities, care for poor, teacher pensions
A conservative think tank allied with Republican Gov. Bruce Rauner called Tuesday for slashing state spending on universities, health care for the poor, teacher pensions and grants for needy school districts to dig Illinois out of the red.
Hogan's 401(k) plan
(Maryland) When it comes to the financing retirement, Gov. Larry Hogan and the General Assembly are facing at least two challenges.
Retiree health care, pensions focus of new Gov. Snyder task force
(Michigan) Two months after lame-duck efforts to address public retiree health care costs at the local level folded, Gov. Rick Snyder has formed a task force to study the issue.
Oregon lawmakers to consider money-saving PERS proposals
Lawmakers settled at least one question about Oregon's troubled public pension system on the opening day of the 2017 legislative session: They will be delving into its problems and looking at their money-saving options.
Gov. Wolf faces tough Pa. budget, experts say
The governor - facing a nearly $3 billion structural deficit - will deliver his budget address to a joint session of the House and Senate on Tuesday.
Dallas and Houston both have pension problems, but Houston is actually solving theirs
Like Dallas, Houston is staring down billions of dollars in future pension payments that it can't afford - and it needs the state Legislature's help to fix it.
DC Council member proposing move to retain experienced DC police officers
To combat violence in the city, D.C. Council member Vincent Gray is proposing an incentive to keep experienced officers from retiring. This week, the council will consider emergency legislation to fund it.
Why change IPERS?
The Governor, Lt. Governor and their party are attacking future (and possibly present) police, fire fighters, public school teachers, city, county and state employees with their proposed IPERS Task Force and SF 45 bill.