News Clips for February 28, 2017
NCPERS Press Release: Arnold Foundation Funds Flawed Analysis of Teacher Pensions Says NCPERS
Facts Take Back Seat to Ideology in Misinformation Campaign
Register for NCPERS Webinar on our Insurance Affinity Programs on March 7, 2017!
Register for the 2017 Annual Conference & Exhibition (ACE), NAF, & TEDS!
NCPERS Washington Update for 2-24-2017!
Households Value Choice in DC Plans
There is a common notion that workers prefer the safety of defined benefit plans-but research shows the flexibility and control offered by DC accounts are also highly valued.
Lawmakers Pass Resolutions to Stop DOL Rule on State-Run Plans
However, the resolutions must also be passed by the Senate and signed by the president in order to halt the rule.
Two-thirds of Americans aren't using this easy way to save for retirement
Fewer than one-third of Americans are saving money in their 401(k)s and other workplace retirement accounts, according to an analysis of tax records by Census Bureau researchers.
Hansen: Despite fear-mongering, PERA is in good shape
(Colorado) Over the last few weeks many people have said the sky is falling regarding PERA, the retirement fund for Colorado's public employees ranging from teachers to snow plow drivers. (subscription required)
These legislators collect paychecks from Washington-and pensions from Illinois
Six-term Wheaton Republican Peter Roskam is a powerful figure in the U.S. House, where he chairs a key panel on tax policy and wants to delay Medicare and Social Security benefits for millions of Americans by raising the eligibility age.
Petersen: Let's protect Iowans' retirement security
The retirement security of Iowans should be one of the highest priorities of the Legislature.
McCoy: House OKs bills on pension transparency, school sports safety
(Kentucky) The pace in Frankfort has picked up substantially, as another week of committee meetings, ceremonies, and floor votes have gone by. We have passed a variety of bipartisan legislation that will go far in increasing government transparency and caring for the most vulnerable among us.
5 things to know about Christie's promised pension payment in N.J. state budget
Gov. Chris Christie will make his final budget presentation to the Legislature on Tuesday, but the perennial question - how much has he set aside for government worker pensions - may already be settled.
New York teacher pension plan praised for being 94 percent funded
The National Council on Teacher Quality has recommended that teacher pension plans allow the flexibility for employees to contribute to defined contribution plans instead of just defined benefit plans and allow people to be vested earlier.
Duggan: Despite pension woes, Detroit on track to escape state oversight
Detroit is still on track to exit state financial oversight next year, despite having to make unexpected pension payouts out of its annual budgets.
Kenney and Council go to war over pension reform
A fight is brewing over a plan to reform Philadelphia's troubled pension system.
Ohio's Police & Fire Pension is healthy
The op-ed "Ohio workers' retirement money is at risk" (Feb. 20) is based on a flawed report that used unfounded and unrealistic assumptions to come to a pre-determined conclusion about Ohio's defined benefit pensions, specifically the Ohio Police & Fire Pension Fund.
Oregon revenue forecast: State to bring in $200 million more than expected
Oregon's economy is growing fast enough to generate nearly $200 million more in tax revenue for the state's next budget than had been expected, state economists said Wednesday.
In Puerto Rico, pensions' decline pits retirees against lenders
As Puerto Rico attempts to sort out its tangled financial web, retirees may face bigger cuts than those in past U.S. municipal insolvencies, due in part to an unconventional debt structure that pits pensioners against the very lenders whose money was supposed to sustain them.
Dallas Police and Fire Pension Board Approves Rescue Plan
The Dallas Police and Fire Pension's (DPFP) board of trustees has voted unanimously in favor of a plan proposed by Texas State Rep. Dan Flynn to rescue the retirement system from financial ruin. .
America's retirees worked hard. Washington must protect them.
With a new administration in Washington, there has been a lot of talk about Medicare, Social Security, and the Affordable Care Act (ACA). One very crucial issue that has largely flown under the radar is the fact that hundreds of thousands - and potentially millions - of private sector retirees are having their earned pensions stripped away and Congress so far has done nothing about it.
Guest column: City's move to 401(k) pensions is big mistake as Palm Beach showed
There are lessons - and consequences - for all parties with a stake in funding public employee benefits in Jacksonville.
Editorial: Cities need more warning on pension changes
(West Virginia) City government's projected $4.8 million deficit at mid-budget year resulted in the layoffs of 24 employees and other expense cuts, and officials are still working to close the gap.