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NCPERS News Clips: January 22, 2014
Posted On: Jan 22, 2014
We apologize for the delay in the weekly News Clips. The Federal Government was closed yesterday due to the winter storm.
News Clips for January 22, 2014
NCPERS News
NCPERS Video Blog: Secure Choice Proposal Moves into Conservative States
Executive Director, Hank Kim discusses the recently introduced state wide pension plan for private-sector employees in Indiana. Senate Bill 66 was introduced by a republican senator; shows retirement security is more than a democrat/ liberal issue.
Veterans Lack "California Rule" Pension Protection
President Obama signed a budget bill that cut cost-of-living adjustments in military veteran pensions last month, a few days after a judge overturned a voter- approved attempt to cut cost-of-living adjustments in San Jose city worker pensions.
Flaws of adopting cost cutting in switching to DC plans
Thinking back to 2007 - before the financial crisis - public pension plans in the aggregate had nearly 90% of the assets on hand required to pay retirement benefits due decades in the future. However, like all investors, public pension funds took a deep hit when the financial markets melted down in 2008. (Subscription Required)
The Reforms That Public Pensions Really Need
As two experts demonstrate, there's more to the prblems faced by state and local retirement systems than mere political shenanigans.
Puerto Rico Supreme Court halts pension reform, angering governor
In what Governor Alejandro Garcia Padilla called a "dangerous decision," the Puerto Rico Supreme Court late Tuesday halted implementation of a teachers pension system reform as it agreed to hear a lawsuit seeking to have the reform overturned as unconstitutional
Bills filed for 2014 session include term limits
Some of the bills filed before Thursday's deadline to be considered by the 2014 Oklahoma Legislature look to fund storm shelters in public schools and cutting legislative pay.