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February 14, 2017: NCPERS News Clips
Posted On: Feb 14, 2017

News Clips for February 14, 2017


     Congress Considers Scrapping Rules that Foster Workplace Savings 

Register for NCPERS Webinar on our Affinity Insurance Programs!

Registration for the 2017 Annual Conference & Exhibition (ACE), TEDS, & NAF are now open!

NCPERS Washington Update for 2-10-2017

Did you miss our webinar on the 2017 Code of Conduct? View it here!

National News

House resolutions introduced to undo state, city secure choice rules
     Resolutions to block Department of Labor rules allowing states to set up private-sector retirement savings programs were introduced Wednesday by two members of the House Education and the Workforce Committee.

Pensions Laden with Manager Data Tighten Cybersecurity
    Public pensions are taking action to meet a growing fear - that reams of financial and personal data, including proprietary information from asset managers, may tempt cyber criminals to attack. (subscription required)

State News

CalPERS wants to keep investments in Dakota Access pipeline
     CalPERS wants to hold on to its stake in companies that may be doing business with the controversial Dakota Access oil pipeline despite a proposal from an assemblyman that would compel the retirement fund to divest from the project.

Jacksonville first responders reach tentative agreement with city on pension
     The Jacksonville Association of Firefighters and the Jacksonville Fraternal Order of Police have reached an agreement with the city regarding pension.

Illinois budget deal hits snag after key pension bill fails
     A bipartisan deal aimed at ending Illinois' long-running budget impasse stumbled on Wednesday when a key pension measure failed to pass in the state Senate.

Senate passes bill to require more disclosure of pension systems' business deals
     The Kentucky Senate on Wednesday approved a bill that would require more transparency in how the state's three public pension systems conduct business.

Michigan governor eyes lower assumed investment rate for pensions
     Michigan Governor Rick Snyder on Wednesday unveiled a plan to drop the assumed rate of investment return for the state's retirement funds to 7.5 percent from the current 8 percent.

Fire, police unions oppose pension bill for Omaha, Lincoln members
     A debate over the future course of pension plans for Omaha and Lincoln police and firefighters drew experts from as far away as California and Kentucky to the State Capitol on Tuesday.

Proposal to shore up pensions to cost employers $827M
     A legislative proposal to shore up South Carolina's pension system requires public employers to collectively put an additional $827 million into workers' benefits over the next six years.

State rep: 'Very close' to filing Dallas pension bill
     A legislative proposal to fix the troubled Dallas police and fire fighter pension is expected to soon be introduced, according to a top state lawmaker handling the negotiations.


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