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January 14, 2014: NCPERS News Clips
Posted On: Jan 14, 2014
News Clips for January 14th, 2014
National News
More Workers Forced to Pick Up Pension Investment Risks
(Audio) Morning Edition co-host David Greene talks to Jacob Kirkegaard of the Peterson Institute for International Economics about whether Boeing's restructuring of employee benefits was inevitable given global competition. Kirkegaard co-authored a book called U.S. Pension Reform: Lessons From Other Countries.
Boeing deals new blow to middle class
The narrowly approved contract agreement between Boeing and its Washington state workforce will be hailed by some as a victory for the canny, hardball brinkmanship of Boeing's management and the knuckle-under economic pragmatism of the International Machinists Union.
Distressed Cities and the Lessons of California
It might seem, give the spate of municipal bankruptcies of recent years, that there's little to be hopeful about for some of America's harder- pressed citiies. But the picture may not be as bleak as we've thought.
Pension Complex
(New York City) Reforms would improve returns, but it is unlikely to come soon
Police Scrutinize Pensions; 6 More Arraigned in Fraud
As sixe more New York police officers were arraigned in state court on Thursday on charges that they feigned mental illinesses to bilk Social Security out of disability benefits, a police commander said the Police Department was scrutinizing the city pensions being paid to scores of retired officers accused in the scheme.
Bill would phase out pensions for public employees in state
(Washington) Now that Boeing Machinists have given up their pensions, some state lawmakers are renewing calls for the state to end pensions for public employees and replace them with 401(k)- style retirement plans.
How Chuck Reed's Pension 'Reform' Scheme Doesn't Add Up
In late December, California's nonpartisan Legislative Analyst, the state office responsible for analyzing the impact of proposed ballot measures on state and local budgets, sent up a large red flag. It said that an initiative that would eliminate the Constitutional vested rights of public employees to retirement and retiree health care could cost "billions of dollars" and send cities and counties throughout California spiraling into further debt.
