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April 19, 2024
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April 1, 2014: NCPERS News Clips
Posted On: Apr 91, 2014

 

News Clips for April 1, 2014

NCPERS News

Hank Kim: Private sector, not public, faces a retirement crisis

     We applaud guest columnist Peter Fisher's "Strengthen, don't break, Iowa's public pension plans" (March 18). Fisher understands what previous guest columnist Deborah Thornton clearly does not:

Jill Eicher & the 2014 Annual Conference
     Jill Eicher from Fiduciary Infrastructure Initiative will discuss 'A New Course for Infrastructure Investments? An Introduction to the Fiduciary Infrastructure Initiative (FII)' at the 2014 NCPERS Annual Conference & Exhibition on Tuesday, April 29th at 8am

NCPERS Washington Update for 3/28/2014



National News

 
     Both men and women are facing a retirement crisis, but it disproportionately affects women, according to the Pension Rights Center.

What retirement train wreck?
     News about retirement sin//ce the financial crisis has been decidedly negative. Workers aren't saving enough. Pensions are underfunded. Long-term investment strategies to make up the difference are far from obvious.



State News

 
     (Chicago) Property taxes would rise and some city workers would see benefits trimmed, pay more into fund
 
     (Louisiana) Legislation advanced Monday that would provide more than 100,000 retired state employees, teachers, school employees and State Police with a 1.5 percent increase in their pension checks.
 
     Some of Detroit's retirees and bondholders would fare a little worse under a revised plan the city filed in U.S. Bankruptcy Court on Monday to deal with its $18 billion of debt and other obligations.
 
     (Audio) New Jersey Gov. Chris Christie says ballooning pension costs are creating a "looming crisis." In 2011, Christie teamed up with legislators to pass a pension overhaul but it hasn't fixed the problem.



Opinions
 
 
     (John Arnold) In recent months, I have endured a number of intensely personal public attacks on my philanthropy-including lies (that I hid a donation to PBS when the writer found the information on our website), selective reporting (listing political contributions to Republicans as evidence that I aspire to be a "Koch brother," without noting that I am a Democrat and hosted a fundraiser for President Obama), and juvenile insults (that I have a "jug-eared face of a Division III women's basketball coach"). 

There's a Big Difference Between Union Money and Koch Money
     For dozens of readers, our editorial this morning on the Democratic criticism of the Koch brothers left out something crucial: the big financial muscle of unions in backing liberal politcians.

 
     Now that a pension-modification measure proposed by San Jose Mayor Chuck Reed will not appear on the November statewide ballot and a court ruling has blocked San Jose from slashing employees' vested pension rights, opponents of public pensions are falling back on their old, false argument.

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