NCPERS News Clips

8/25/2009

Sunday Papers

Last week I failed to include the American Federation of Teachers in the list of organizations hosting the GASB Webinar on Tuesday, September 1. They are one of the driving forces behind the Webinar, and I apologize for the oversight. Also, be sure to check out the two Op-Eds this week, one of which is from a school employee and the other from Raymond Edmondson, CEO of the Florida Public Pension Trustees Association.

• Pa. Senate panel OKs municipal pension reform plan
  A Senate panel has unanimously endorsed a bill to reform Pennsylvania's municipal pension laws and allow the state's largest city to increase taxes to help fix its ailing retirement system.
• FL: State Board of Administration endorses proxy access proposal
  A proposal by the Securities and Exchange Commission to establish new rules opening corporate elections to shareholders has won the endorsement of the Florida State Board of Administration.
• Firms Answer CalSTRS Call for Increased Diversity on Boards
  Firms named in six of eight shareholder proposals filed this year agreed to calls by the California State Teachers' Retirement System (CalSTRS) to seek greater diversity in their board directors.
• WV pension plans may get millions more
  West Virginia's retirement systems were expected to be big factors in fiscal year 2011 budget planning as the state works to make up for investment losses and flat revenue projections, the state's budget director says.
• Detroit pension funds want to build $7.4M riverfront HQ
  Already criticized for excessive spending on travel and poor investment deals, Detroit's two public pension funds are planning to build a $7.4-million headquarters along the Detroit River.
• Op-Ed: Tell whole story of public employees
  I have been reading with interest the series of articles that Daniel Borenstein and Lisa Vonderbrueggen have written over the last few months about public employee salaries and retirement benefits.
• Op-Ed: Public pensions are not lavish
  Editorial writers and columnists across Florida have lambasted public pension benefits in recent months, declaring that public pension plans are a relic of out-dated economic models and provide overly generous benefits.

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