NCPERS News Clips

8/3/2010

News Clips for August 3rd, 2010

• Pa.: 28 pension plans distressed
  A state report released Monday shows that more than half of the municipal pension plans within Luzerne County are financially distressed.
• San Joaquin County pension fund gains $176 million
  The San Joaquin County pension fund bounced back in 2009, gaining about $176 million, but the rebound won't erase the damage caused when investments plummeted $668 million in 2008 during the worst period of a financial crisis that spanned the globe.
• Defined benefit pension plans: reform funds rules, says OECD
  A 30-page working paper released by the OECD has suggested methods of securing funding for the under fire pension schemes.
• Push for changes to Sonoma County's pension system
  Depending on one's viewpoint, Sonoma County's pension system is doomed or it's being guided through the toughest investment market since the Great Depression.
• Bloomberg appoints New York City's first pension adviser
  Ranji H. Nagaswami on Monday was appointed by New York City Mayor Michael R. Bloomberg to the newly created job of adviser to the mayor's trustees on the boards of five New York City pension funds that had combined assets of $103.8 billion as of May 31.