News Clips for June 6, 2017
NCPERS Washington Update for 6-2-2017
Register for NCPERS' Webinar: Economic Loss: The Hidden Cost of Prevailing Pension Reforms on June 14!
Head over the Facebook to view conference photos, things you missed & more from #NCPERSACE17!
NCPERS Study Highlights Economic Costs of Doing Away with DB Plans
Criticism of public pensions is based on faulty logic, group says.
4 Reasons Why Puerto Rico's 'Bankruptcy' Process Matters to U.S. Residents
How Puerto Rico grapples with its staggering debt is in the hands of a federal judge who will oversee a form of bankruptcy proceeding for the U.S. territory. Puerto Rico owes more than $74 billion dollars to both island and U.S. based creditors and over $40 billion in pension liabilities.
The Week in Public Finance: Pension Reform in Texas, Fitch Lowers Expectations and Illinois Downgraded Again
A roundup of money (and other) news governments can use.
Gov. Brown wants California to borrow from itself to fund employee pensions. Good idea
It seems that scarcely a day passes when our politicians aren't exhorted to run government like a business, or like a couple pondering household finances over the kitchen table.
Kentucky Pensions Could Face Insolvency in Five Years
Audit report finds state faces funding shortfall of $33 billion.
Teacher pension impasse in Lansing could delay state budget resolution
(Michigan) Snyder: 'We're starting to run out of time' to adopt budget in June
Treasurer: State will appeal pension decision
North Carolina State Treasurer Dale R. Folwell, CPA, responded today to a court decision pertaining to litigation involving the Department of State Treasurer's administration of the contribution-based benefit cap (CBBC) for the North Carolina retirement systems.
Changes to PERS part of changes proposed by key Oregon lawmakers
(Oregon) Adjustments include relocating where part of the "employee contribution" goes and limiting growth in health insurance plans
Senate passes pension reform on to House; some say it doesn't go far enough
(Pennsylvania) It is called Senate Bill 1 because it's been a number one priority to fix the state's broken pension system for years.
In Texas, Some Rare Good News About Cities With Pension Woes
Detroit. Stockton. Puerto Rico. The list of places bankrupted by ballooning pension obligations and other debts is growing. But now comes some good news about two cities, Dallas and Houston, that have pulled back from the brink.
Education Association members pay for their pensions
In her May 30 column, Cindi Ross Scoppe targeted the S.C. Education Association and 10 other organizations to question the appropriateness of our employees participating in the state retirement plan because we are, in her words, "lobbying organizations"