NCPERS News Clips

November 16, 2010

News Clips for November 16th, 2010

• Teachers' Retirement System warns of $6B tax bill if state misses deadline
  The Teachers' Retirement System of Illinois says taxpayers will owe more than $6 billion over the next three decades if the state fails to make its required annual contribution to the state pension fund before June 30
• Miss. public pension is secure
  In response to syndicated columnist Bill Crawford's Nov. 3 article "Miss. retirement plan woes grow" and to The Economist's October 14 article "American states' pension funds: A gold-plated burden" and other reports prophesying the fiduciary doomsday of Mississippi's public pension system, I want to assure our members and the taxpayers that the Public Employees' Retirement System of Mississippi is financially secure.
• State, local government workers face higher pension premiums
  (Nevada) The 103,000 state and local government workers and school teachers who are members of the state's pension fund will be hit with higher monthly premiums starting next July.
• California Pension Fund Plans to Invest $500 Million in 'Green' Portfolio
  California Public Employees Retirement System, the largest public pension in the U.S., plans to invest $500 million in companies working on curbing greenhouse-gas emissions and improving the environment.
• Details emerge in Ventura, union negotiations impasse
  New details emerged this week in the labor dispute between the Ventura City Council and union employees, who again filled the council chambers Monday to oppose paying a share of rising retirement costs.