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September 12, 2017: NCPERS News Clips
Posted On: Sep 12, 2017

News Clips for September 12, 2017


National News

If you're dreaming of retiring, it's important to make a plan - and commit to it
     The go-to strategy to encourage people to save for their retirement years has been to frighten them with the numbers.

Public funds see major gains after frustrating years
     Large U.S. public pension funds posted double-digit returns for the year ended June 30, following two years of lackluster returns.

U.S. Has Largest Share of Pension Assets Globally
     Across the top 300 funds globally, U.S. funds represent 38.6% of assets.

Report: State of the American Workplace
     The State of the American Workplace: Employee Engagement Insights for U.S. Business Leaders report highlights findings from Gallup's ongoing study of the American workplace from 2010 through 2012.

State News

Malloy still wants local payments for teacher pensions
     (Connecticut) Returning to a fiscal strategy he first proposed in February, Gov. Dannel P. Malloy on Thursday said he would again propose that towns and cities pay hundreds of millions of dollars toward their local teacher pensions.

Kentucky pension crisis: Local governments face 50 to 60% increase in pension costs
     Pension costs could jump 50 to 60 percent next year for local governments across the state, according to a letter sent to them Thursday by state Budget Director John Chilton.

Louisiana Teachers scores 15.93% fiscal-year return
     Louisiana Teachers' Retirement System, Baton Rouge, returned a net 15.93% in the fiscal year ended June 30, above its benchmark of 14.24%, said Dana Brown, director of public markets, in an email.

Baltimore County Council scales back pension benefit
     (Maryland) The Baltimore County Council voted Tuesday to scale back a pension program that has allowed some employees to receive separate pensions and large payouts for having served the county in multiple positions. But the county executive and some other top officials in the program will still receive the enhanced benefits.

After accounting change, Minnesota pensions face funding 'crisis'            
     New reporting requirements from the federal government have changed the way Minnesota and other states calculate the funding level of their pension systems.


Are 401(k)s Contributing to the 'Retirement Crisis'?
     We've been at this for almost 3 years -- the DOL Fiduciary Rule. The Rule's intent was to increase transparency in fees paid by consumers, decrease conflicts of interest caused by variable compensation and to put all investment advice under a uniform standard of care.

Get behind OregonSaves
     A plan that encourages thrift, wealth accumulation and self-reliance, while also promising to address the growing problem of poverty in retirement, ought to enjoy nearly universal support. 

Bevin, teachers are not the disaster. We earned our pensions. Please fix it
     Teachers have paid into our pension system. We earned it. How can we hope to recruit 


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