NCPERS News Clips

November 2, 2010

News Clips for November 2nd, 2010

• Connecticut panel makes recommendations
  Raising state employees' retirement age and increasing their contributions are among the recommendations of a special commission examining Connecticut's underfunded pension and health plans.
• Palm Bay firefighters' pension plan needs work, board says
  The attorney for Palm Bay's police and fire pension board says the proposed ordinance to change the firefighters' retirement benefits needs to be rewritten.
• Pension Plans in California Underfunded by $326 Billion: Study
  Pension plans in California face a shortfall of more than $326 billion, taking into account deficits for the state teachers' and public employee pension programs, according to a study published in October by the Foundation for Educational Choice.
• Illinois Pensions Dwindle as Governor Candidates Skirt Budget Crisis
  Illinois, which shares the worst state credit rating with California, is draining its pension funds as candidates for governor promote plans that would cover less than a quarter of a record budget gap.
• Pension measures grab California voters' interest
  San Francisco voters aren't the only ones who will take up an incredibly contentious pension measure on election day. From the beach towns of Carlsbad and Pacific Grove to agricultural Bakersfield, from Redding up north to Riverside down south, Californians will decide about a dozen local pension initiatives - more than the state's voters have ever faced at once.