NCPERS News Clips

6/22/2010

News Clips for June 22, 2010

• Search pension data for public employees across New York State
  A policy research group has posted a searchable database of the annual pensions for 342,543 state, county and city employees -- including local governments across Central New York -- on www.SeeThroughNY.net.
• Pension Bombs Need to Be Unearthed
  Investing in municipal bonds often means tiptoeing though a pension minefield. And spotting the sometimes camouflaged explosives is no easy task. (subscription required)
• Calpers Panel Endorses 18% Hike To California's Contribution
  California would pay $3.9 billion for state-employee pensions next year, up 18% from the just-ending fiscal year, under a recommendation from a board committee at the California Public Employees' Retirement System.
• Pa. House OKs new limits on public-sector pensions
  The House on Tuesday voted for new rules for Pennsylvania's two large government pension plans that would reduce the size of a looming jump in costs to taxpayers and cut some benefits for new hires.
• Pension initiative could put voters in charge of deputies' retirement plans
  (Riverside County, California)-- Managing Riverside County's $6 billion in pension liabilities will be challenging in the years ahead, and a union proposal to put voters in charge of sheriff's deputies' retirement plans would only complicate the problem, county officials said today.
• Payback Time: In Budget Crisis, States Take Aim at Pension Costs
  Many states, acknowledging that they have promised pensions they cannot afford, are reining in benefits - but only for future hires.
• Schwarzenegger, some unions cut pension deal
  (California) Gov. Arnold Schwarzenegger cut a deal with four public employee unions Wednesday on new labor contracts that will reduce state contributions to employee pensions and scale back worker pay, Capitol Weekly reports.
• Senate passes DB funding relief
  The Senate on Friday unanimously approved legislation that includes funding relief for defined benefit pension plans.
• School chiefs get better deal than teachers
  (Ohio) Superintendents obtain advantages instructors don't to improve financial prospects in retirement
• Local Governments Look for Ways to Shore Up Pension Plans During a Down Economy
  The economic downturn of the past two years has hurt the funding status of state and local pension plans across the nation.