NCPERS News Clips

2/2/2010

News Clips for February 2, 2010

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• Oregon PERS Contribution Increase on Hold?
  Oregon's public employees are supposed to be seeing an increase in pension contributions, but that may be put on hold.
• Defined-benefit pensions superior retirement plan
  For those who join in the chorus that defined-benefit pension programs are a failed system, please consider that the opposite is true.
• Examining the impact of Obama's plans
  The White House on Monday previewed several middle-class tax cuts and spending programs that President Obama will propose in Wednesday's State of the Union address.
• City violates pension law a third time, panel finds
  The Menino administration approved a lucrative consulting job for a retired State Police detective who was already earning a sizable public pension, a move that a city watchdog agency says violated state law.
• PERA compromise wins panel support
  The proposed Public Employees' Retirement Association rescue plan passed the Senate Finance Committee 5-2 Tuesday after members approved key changes of interest to school districts, to teachers and classified employees and to retirees.
• California Teachers Pension Fund $42.6 Billion Short
  The California State Teachers Retirement System, the second biggest U.S. public pension, will need to ask taxpayers for more money after investment losses left it underfunded by $42.6 billion.
• Pension issue may affect talks on police-fire wages
  The leaders of Springfield's police and fire employee groups say their conversations with the city manager about whether the city should help pay for a pension enhancement added in 2000 are not related to annual "meet and confer" wage and benefit talks.
• In Dutchess, educators' pensions top state average
  Proponents of the system say good public pensions are needed to attract quality teachers. Salaries in the public sector, such as educators', are not competitive with those in private businesses, they said.