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June 17, 2014: NCPERS News Clips
Posted On: Jun 169, 2014

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.

News Clips for June 17, 2014


National News

GASB's New OPEB Proposals

Pension Funds, Dancing a Two-Step With Ratings Firms

     Pension fund investors lost billions of dollars trusting the rosy credit ratings stamped on troubled mortgage securities before the 2008 crisis. In its aftermath, they have spent years and many dollars suing Moody's and Standard & Poor's, the main purveyors of those dubious grades.

State News

County attorney says pension initiative invalid as court battle looms

     The county's chief legal counsel has determined that a measure to phase out the pension system for county government's 8,000-member workforce is illegal. (subscription required)

 

Quinn calls Rauner a 'saboteur' on pension fixes
     Gov. Pat Quinn on Wednesday labeled his Republican opponent Bruce Rauner a "saboteur" who worked to block overhauls of state and city government worker pension systems but failed to present his own solutions.

 

Higher ed pension help OK'd
    LSU is taking steps to implement a change in state pension law designed to help colleges in faculty recruitment and retention efforts.

 

Detroit, unions reach tentative pension agreement
     Detroit has reached a tentative agreement with its largest union to cut pensions by 4.5% instead of the 27% cuts proposed by the city's bankruptcy reorganization plan.

 

A Tug-of-War of Tax Breaks Tightens Across the Hudson
     With Tax Incentives, New York and New Jersey Fight for Jobs

 

Chris Christie isn't the only governor to rob worker pensions to balance a budget
     In 2011, Gov. Chris Christie and the New Jersey legislature passed a law raising retirement ages and increasing the amount some state employees would contribute to their pension fund, which was underfunded after years of the state failing to make its full contributions.

 

Proposed legislation would overhaul PA public pension system
     A state senator is pressing his bill to overhaul Pennsylvania's pension system for state and public school employees since a competing House bill is stalled.






Canadian News

Owners of Channel Tunnel link eye HS2

     Ontario Teachers' Pension Plan and Borealis Infrastructure have told the Treasury of their desire to add the new high-speed network to their portfolios




Opinions

Why private pension funds are disappearing
    State pensions emerged in the late 19th century, with Otto von Bismarck using them as a way of securing working-class loyalty to the German Kaiser.


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