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Februaryt 25, 2014: NCPERS News Clips
Posted On: Feb 56, 2014
News Clips for February 25, 2014
NCPERS News
NCPERS Applauds Arizona Ruling Upholding Constitutional Pension Rights
NCPERS applauds the Arizona Supreme Court's unanimous ruling upholding a trial court decision finding that a reduction in post-retirement benefits to retired judges and other elected officials violated the pensions clause of the Arizona Constitution.
NCPERS Executive Director, Hank Kim, testifies in front of the Pensions Subcommittee of the Maryland Senate Budget & Taxation Committee, on the Secure Choice Pension Proposal. Click here to read his testimony.
U.S. Ranks 19th in World for Retirement SecurityU.S. retirees are facing worse conditions for their golden years than retired workers in many other developed countries -- from Canada and the United Kingdom to South Korea.
As Mayor Alvin Brown is trying to push a controversial plan to help solve the city's pension crisis, a new poll suggests the public could be a tough sell.
A proposal to start a new 401(k)-style pension plan for new Kansas teachers and government workers and a competing plan to boost the benefits of public retirees failed Monday to clear a committee in the state House.
Pension Funds Sue on a Deal Gone Cold
Sitting around a table in Baton Rouge, LA, in February 2008, a handful of baord members of the Firefighters' Retirement System of Louisiana heard an investment pitch that would later come back to haunt them.
The OMERS Primary Pension Plan concluded 2013 with a $1.3 billion reduction in unfunded liability, an improvement in its funded ratio by 3% to 88%, $4 billion in total investment income, and a stronger balance sheet and cash flows to secure its long-term obligation to pay defined pension benefits to its 440,000 plan members.
Opinions
Pensions in Danger
Oklahoma politicians are taking a page out of Rhode Island's playbook to "reform" the Oklahoma public pensions. Rhode Island's State Treasurer's reforms led to small returns on investments while tens of millions of fees were paid to Wall Street. Is that where Oklahoma is headed?