NCPERS News Clips

9/7/2010

News Clips for September 7th, 2010

• 5 Doomsday Scenarios for the U.S. Economy
  To see where this re-recession might begin, my colleague Dan Indiviglio and I imagined five financial earthquakes, each with a single epicenter: housing, consumers, toxic assets, Europe, and the debt.
• America's Retirement Problem: Should We Ditch 401(k) Plans?
  Over the past decades, defined-benefit plans have been replaced, for the most part, by defined-contribution plans like 401(k) plans. But the majority of Americans with access to 401(k) plans are not saving the maximum amount they can, and in many cases are not saving at all.
• National Conference on Public Employee Retirement Systems Charitable Foundation Supports Deserving Students and Schools, Encourages Public Service Careers, and Inspires others to Give
  NCPERS Charitable Foundation, the charitable arm of the nation's leading advocate for public employee pension plans, has become an inspirational source of support for students in need, including many who have chosen careers in public service, and has encouraged others to begin their own charitable foundation.
• Expiration of Tax Legislation to Impact Employer Compliance Duties
  Workers could see tax increases in their paychecks and employers' compliance responsibilities would change in 2011 due to four pieces of legislation set to expire December 31, 2010
• New York's DiNapoli Cuts Pension Investment Outlook, Raises Contributions
  New York's $124.8 billion pension fund, the nation's third-largest, reduced the assumed rate of return on its investments to 7.5 percent from 8 percent as it recovers from market losses, Comptroller Thomas DiNapoli said.
• Council president proposes police, fire pension changes
  Baltimore City Council President Bernard C. "Jack" Young said Tuesday he wants to revisit changes to the police and fire pension plan that have drawn fervent opposition from public safety union members.
• Miami Cops Sue To Block Pay Cuts
  Miami Cops went to court Wednesday afternoon looking to block deep pay and benefit cuts imposed by city commissioners.