News Clips for September 11, 2018
Public Employees' Pay, Benefits and Rights Become Campaign Issues
A year filled with teacher strikes and sexual harassment scandals has led candidates for governor to talk more about how they would treat their state's workforce.
U.S. pensions among the world's largest funds
U.S. pension funds command the greatest share of assets of the world's 300 largest funds, according to the latest research from Willis Towers Watson's Thinking Ahead Institute.
Starved for recruits, Alaska police pin blame on retirement system
Lack of pension makes state uncompetitive, departments and troopers find
CalPERS disaster shapes bill sent to Gov. Jerry Brown
Gov. Jerry Brown is considering a bill shaped by the worst example of a California public agency defaulting on the pension promises it made to its employees and allowing CalPERS to slash the incomes of its retirees.
Colorado GOP treasurer candidate proposes raising retirement age again for PERA
Raising the retirement age for the Colorado Public Employees' Retirement Association would chip away at the pension plan's $32 billion shortfall over the next three decades, said Brian Watson, the Republican candidate for state treasurer.
Palm Beach Police Dept. sees highest turnover in more than a decade
(Florida) More Palm Beach police officers have left the department during the 2017-18 budget year than in any year since at least 2006, according to town records, shedding light on the town's growing struggle to keep its public safety employees.
No Plans to Cut IPERS Benefits, Iowa Gov. Says
Opponents say Kim Reynolds' administration secretly wants to move IPERS members into hybrid benefit plans.
Kentucky Attorney General files pension brief with top court
Kentucky Democratic Attorney General Andy Beshear has filed a brief with the state Supreme Court about why he thinks a law changing the public pension system is unconstitutional.
Sweeney candid on pensions in push for true fiscal reform
(New Jersey) State Senate President Steve Sweeney's bipartisan task force has delivered an impressive list of recommendations on how to restore financial responsibility to state government.
Governor chooses CFO with no pension experience to lead PERS Board
Gov. Kate Brown has settled on a retired tech executive to be the next board chair for Oregon's complicated, underfunded and controversial Public Employees Retirement System, despite the nominee's apparent reluctance to immediately lead the body.
Fort Worth kicks in more money for pension fix. Police, fire say it's not enough
(Texas) In an attempt to find a compromise that would be supported by both the City Council and employees, City Manager David Cooke rolled out a new proposal Friday to fix the city's struggling pension fund.
Canada Pension Plan's Thematic Investing Head Joins OMERS
Mark Shulgan will help the municipal retirement system manage a growth equities platform.