News Clips for March 21, 2017
NCPERS March Monitor is Now Available!
NCPERS Washington Update for 3-17-2017!
Register for 2017 ACE, TEDS, & NAF programs!
Eighty Percent of American Workers Back State-Run Retirement Plans
"Our survey shows that Congress' actions to limit state flexibility to address retirement insecurity are seriously out of touch with the will of voters," says AARP Executive Vice President Nancy LeaMond.
State Legislators Want Pension Funds To Divest From Border Wall Project
A San Diego state legislator and two other Assembly members have introduced a bill that would require California's pension funds to divest from companies involved in building the border wall championed by President Donald Trump.
Governor's plan to shift pension funding gives pause to local officials
(Connecticut) Stevenson spoke out against H.B. 7050 - An act concerning enhancements to municipal finance and responsibility - in front of the state's Revenue, Finance and Bonding Committee on March 9. She was in Hartford just two days earlier opposing a bill that would force municipalities to form regional health departments.
Breakthrough in talks to end pensions for future city hires
(Florida) The campaign to close Jacksonville's pension plans to all future employees got back on track Monday when the International Brotherhood of Electrical Workers reached a tentative agreement with JEA a week after the union's members rejected a previous offer.
Rauner will give CPS $215 million if legislature passes pension reform bill, and other Chicago news
Governor Bruce Rauner will give Chicago Public Schools the $215 million it needs-but only if the Illinois General Assembly passes a pension reform bill.
Kansas legislators reject quick spending cuts as budget fix
Kansas legislators showed Thursday that they have little appetite for cutting spending immediately to get the state through June without a budget deficit until it can collect new revenue from higher taxes.
Both Chambers Pass Bill to Close Gap in Teachers Pensions
A bill which addresses the shortfall in funding required to meet the portion of Maryland state teacher pension costs that exceed costs anticipated during the 2012 "pension shift" is on the move in the General Assembly.
Moody's: Detroit is 'credit positive' on pension plan
Moody's Investors Service is taking note of the city's plan for a dedicated fund to cover its future pension costs, a move the administration hopes will lead to an improved credit rating.
Pension fund may soon be turned over to police, firefighters
(New Jersey) The state Senate has passed legislation that would give police and firefighters the right to manage their pension fund and its investment portfolio.
Five state legislative issues to watch next week
(Pennsylvania) Public pensions: Senate Republicans have announced they are teeing up another bill to change public pension benefits of most new state workers and all new public school teachers.
Houston Pension Reform Plan Advances In Texas Senate
Mayor Sylvester Turner argues the package is needed to balance the city's budget and to address a long-term budget crisis. Firefighters say they're being treated unfairly.
Wisconsin Public Employee Retirees to See Payment Increase
About 200,000 retired public employees in the Wisconsin Retirement System will receive a 2 percent pension payment increase starting in May.
Teacher Pensions in Puerto Rico
You are right in identifying the underfunding of teacher pension funds in Puerto Rico as a big problem: Teachers and public employees have fulfilled their commitment to their pensions by contributing year in and year out, yet politicians failed to properly fund them and engaged in risky financial bets that made things only worse.