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NCPERS Discussion Forums now open!
We're happy to announce the launch of the NCPERS Discussion Forums, a community where NCPERS members can post questions, share experiences, and discuss issues among colleagues.
Registration for the 2014 Annual Conference & Exhibition is now open! Whether you are new or experienced in the pension industry, the NCPERS Annual Conference & Exhibition offers valuable education designed to meet your professional needs. Ranging in complexity from basic to advanced, our educational sessions provide the information you need to make critical decisions for your pension fund.
NCPERS 2014 Winter PERSist is now Available!
Inside this issue you will find articles on expanding the fixed income opportunity set for public pension plans, trouble municipal pensions and much more!
State pension obligations can be crushing. But corporate welfare costs more. When Louise Jordan walked through the doors of Abraham Lincoln High School in North Philadelphia 34 years ago, after landing her dream job as a special education teacher right out of college, she didn't worry about her tiny salary -- just $10,770 per year back then. It wasn't a lot to live on, but if she kept contributing 7.5 percent of every paycheck into Pennsylvania's pension fund, the state would support her when the time came to retire.
Moodys: State pension burdens may have peaked More than a quarter of U.S. states had public pension liabilities that were greater than their total revenues in fiscal 2012, Moody's Investors Service said in a report on Thursday that also indicated the struggle to pay for public employee retirement had peaked.
Teachers union president vows to fight cuts to pensions The head of the Chicago Teachers Union on Friday said she will not accept cuts to retired teachers' benefits as a way to ease the district's pension crisis; though she did detail some ideas for easing a funding shortfall of at least $8 billion.
Report claims La. spends five times more on corporate subsidies, tax loopholes than on pensions LED Secretary Stephen Moret says a new report from research group Good Jobs First, which says Louisiana "gives away about $1.8 billion a year to corporations through corporate subsidies and tax loopholes-totaling about five times the annual pension cost for state workers"-is not entirely accurate.
Detroit Bankruptcy Exit Plan Threatens Munis as Pensions Favored Detroit's proposal to restructure its $18 billion of debt by paying pensioners at more than twice the rate of some municipal bondholders threatens to increase borrowing costs for localities throughout Michigan.
OMERS Private Equity Completes Sale of Maxxam Analytics International Corporation OMERS Private Equity ("OPE"), the private equity investment arm of OMERS, has completed the previously announced sale of Maxxam Analytics International Corporation (together with its affiliates, "Maxxam" or the "Company") to France-based public company Bureau Veritas SA ("Bureau Veritas") for an enterprise value of CAD$650 million.
Opinion
Opinion: What's in a Word? When It Comes to Chuck Reed's Pension Reform, Plenty San Jose Mayor Chuck Reed announced last week that he planned to file a lawsuit against California Attorney General Kamala Harris over the title and summary for his proposed measure to enable elected officials to reduce the retirement benefits of teachers, firefighters, police officers, school bus drivers and other public employees
