News Clips for June 12, 2018
How to solve the retirement crisis
A POLITICO Working Group Report.
Why We Need To Keep Politics Out Of Public Pensions
Public pensions are a vital part of American workers' long-term financial health. Whether they are police officers, firefighters, teachers, or the public servants of our states, counties, and cities, they depend on the 6,276 public pensions across the U.S. to safeguard their hard-earned money. Together, these funds are tasked with managing trillions of public workers' retirement savings.
Under-Funded Colorado Retirement System Gets Some New Money
State will contribute $225 million extra annually, and both employer and employee contributions rise.
Sen. Weaver reveals plans to bring back pension reform bill
Illinois State Senator Chuck Weaver, R-Peoria, intends to bring back a pension reform bill he introduced that died in the Illinois Senate's Assignments Committee.
Kentucky's public workers hit the exits. Retirements surge by 18 percent this year.
Nearly 1,300 more public employees than expected chose to retire during the fiscal year that ends this month, creating an 18 percent spike at the already cash-strapped Kentucky Retirement Systems, according to newly released data. And the numbers could get even more dramatic in August, which is traditionally the most popular retirement month for state workers.
'Life-changing issue': Union workers, retirees call for action to preserve pension benefits
(Minnesota) Teamsters Local 120 members gather Saturday, June 9, 2018 in Blaine, Minn., to watch a presentation on where members of Congress stand on legislation to help preserve pension benefits
State Sen. Kevin Cavanaugh: We need to protect New Hampshire pensions
My father received a pension through his employer; my mother, after raising five kids, had to save enough money to get a chance to enjoy retirement. I have seen through my parents how different it is to either have a pension or not have one at all.
New Mexico public pension foresee headwinds
Administrators of New Mexico's main public pension fund for state and municipal workers say the $15.5 billion trust is struggling to catch up with unfunded obligations and to ensure long-term solvency.
Brown Calls for Restoration of State Retirees' COLAs
(Rhode Island) Democratic candidate for Governor Matt Brown is pledging to restore the annual cost of living increases (COLAs) for current and future retirees if elected.
Canada Pension Plan Investment Board to Issue Green Bonds
The ESG-related securities will contribute to the fund's $2.3 billion renewable energy investment plans.