News Clips for November 14, 2017
Industry Letters In Opposition To The UBIT Provision In The House Tax Bill
NCPERS November Monitor is now available!
NCPERS Washington Update for 11-10-2017
You can now register for the 2018 Legislative Conference!
Military's new retirement system: Big deal, big decision
Next year, the uniformed services will adopt a new "blended retirement system" that will cover everybody entering the military on or after Jan. 1, 2018
U.S. Public Pensions Returned 3.5% Last Quarter
U.S. public pensions are off to a good start, posting a median 3.5 percent return in the quarter that ended September, the first of the fiscal year, as stock prices rose worldwide, according to the Wilshire Trust Universe Comparison Service.
IPERS' pension accounts compromised; FBI asked to investigate
Iowa's largest public employees' pension fund confirmed Wednesday that hundreds of thousands of dollars in pension payments have been stolen from retirees' accounts and that state and federal law enforcement agencies have been asked to investigate.
Who benefits from tax breaks in Kansas? You're not allowed to know
Kansas gives up hundreds of millions of dollars in revenue to a long list of tax credits each year.
Pension reform plan will undergo some changes, legislators say
(Kentucky) Several Owensboro-area state legislators said the pension reform bill expected to be discussed during a special legislative session sometime this year will undergo changes from the plan Gov. Matt Bevin rolled out last month and the draft bill released two weeks ago.
Question 4: Maine voters OK constitutional amendment on pensions
Mainers have approved a constitutional amendment dealing with the state pension system.
New York voters nix constitutional convention, vote to reform pensions
New York voters did the conventional thing Tuesday, voting down a referendum calling for a state constitutional convention, just as they did 20 years ago and 20 years before that.
South Carolina's underfunded pensions report large investment gains during the past year
South Carolina's underfunded pensions, which roughly one in nine state residents are counting on, had a good year according to a recent accounting report, gaining billions of dollars from investments.
Houston voters OK $1 billion measure to bolster police, city workers pension funds
Houston voters passed a $1 billion pension bond referendum by a wide margin late Tuesday, securing Mayor Sylvester Turner's landmark reform package and, the mayor hopes, marking the beginning of the end of a 16-year fiscal crisis.
Strong Canadian dollar squeezes CPPIB results
Global currency changes dragged down investment returns during the Canada Pension Plan Investment Board's second quarter, even as international equity markets and investments made gains.
Letters: Charters threaten retirement system
Few people work harder than teachers, who dedicate their lives to educating our children. Traditionally, teachers have been able to achieve a secure retirement with a defined benefit pension, but that isn't the case for many charter school teachers in Louisiana.