NCPERS News Clips

7/13/2010

News Clips for July 13th, 2010

• States May Face Pension Pressure as New GASB Rules Widen Funding Deficits
  States may face increased retirement- fund deficits and pressure to stop skipping pension contributions under proposals being reviewed by the Governmental Accounting Standards Board.
• Nurses win on one big contract issue -- their pension plan
  St. Paul, Minn. -- Along with staffing, pension contributions and benefits were at the heart of the stalled labor negotiations between 14 Twin Cities hospitals and more than 12,000 nurses.
• States seek to reduce pension-plan risk
  SALT LAKE CITY -- A Utah state senator says his push to move state workers into a 401(k)-type pension plan is the result of a new reality for cash-strapped U.S. states.
• More changes lie ahead for Oregon pension system
  State's conservative management is expected to minimize effects of new accounting standards
• Pensions weigh options from BP spill
  The exasperation with BP felt by residents of the Gulf states is spreading to shareholders --and some are taking the oil giant to court.
• An unavoidable clash
  AUSTERITY in southern Europe has provoked strident opposition from government employees, who are protesting against pay and pension cuts.