News Clips for July 25, 2017
Secure Choice 2.0: States blazing a path to retirement security for all
States Have Established Secure Role in Helping Private Sector Workers Save for Retirement
NCPERS Finds White Paper Marks Six Years Since NCPERS Introduced Secure Choice Pension Model
NCPERS Washington Update for 7-21-2017
NCPERS July Monitor is now available!
Register for the 2017 Public Pension Funding Forum!
Register before August 18th to receive eary-bird registration rate
Register for the 2017 Public Safety Conference in San Antonio, TX!
Register before September 15th to receive eary-bird registration rate
Start earning your Fiduciary Accreditation today!
NAF Module 1&2 and 3&4 in San Antonio, TX
Class-action lawsuits face tougher road after court ruling, federal positions
Class-action lawsuits, an important tool for public pension funds and other investors to address perceived wrongs, could become less viable options following a Supreme Court ruling and new positions from the departments of Labor and Justice.
Funding levels fell for public pension plans in fiscal 2016
Funding levels for state and local pension plans fell to an average of 74% in fiscal 2016, two percentage points lower than the year before, the Center for State and Local Government Excellence found in a report. (subscription required)
States Get Creative on Pension Funding
The latest plans in California and New Jersey have observers asking: creative solution or accounting gimmick?
States take varied routes to solving pension woes
A hybrid DB/DC plan is one option that states are using to try and solve their underfunding woes. But it's not the only solution.
California Teacher Pension System Beats Earnings Target
California's teacher pension system says it earned a 13.4 percent return on its investments in the last fiscal year.
Miami police rack up favorable rulings after high court decision on cuts to pay, pensions
Miami officials ought to reinstate pre-recession salaries and pension benefits for their 1,300-member police force after improperly imposing cuts on employees seven years ago during a financial crisis, according to a state hearing officer.
Iowa senators to meet to discuss public pension system
Some Iowa senators will gather at the Capitol to discuss Iowa's largest pension system for public employees.
Louisiana Municipal Police Employees looking to commit $30 million to buyout fund
Louisiana Municipal Police Employees' Retirement System, Baton Rouge, is conducting a shortlist search for a buyout fund to which it plans to commit $30 million, said Benjamin Huxen II, executive director/general counsel.
Michigan Governor's Task Force Proposes 4 Priority Reforms
Urges for better reporting and transparency, creation of local government pension/stress test system.
Governor Signs Senator Hegeman's Pension Systems Bill
On Friday, the governor signed into law Senate Bill 62, a measure that modifies provisions regarding various pension systems.
Oklahoma Police Pension nets 11.14% for latest fiscal year
Oklahoma Police Pension & Retirement System, Oklahoma City, returned a net 11.14% for the fiscal year ended June 30, below its policy benchmark of 11.78%.
Pennsylvania's hybrid plan seen as falling short
After many fits and false starts to pension reform, Pennsylvania's governor has a signed a measure that establishes a hybrid defined benefit/defined contribution plan for new state employees.
Working Americans deserve chance to retire
The opportunity to retire should be universal for working Americans. Employees everywhere should be able to secure their financial wellness and safeguard against poverty after they leave the workforce. T
Guest comment: Iowa Republicans use Koch-funded group to attack retirement security
Once again, Republicans in the Iowa Legislature are inviting an out-of-state attack on the economic security of Iowa families.
Lifting the state of siege on public-sector pension plans
New Jersey, Illinois, Kentucky, Connecticut, Chicago, Detroit, Dallas: these are but a few of the states and cities making headlines because of uncontrollable pension underfunding that threatens the solvency of their retirement plans, the fiscal integrity of their governments, and the sacred promise made to their employees and retirees.