NCPERS News Clips

November 30, 2010

News Clips for November 30th, 2010

• Citing deficit, Obama freezing federal worker pay
  President Barack Obama on Monday called for freezing the pay of 2 million federal employees, saying the move is the first of many difficult decisions that must be made to slash the nation's mounting deficits.
• Pa. governor signs public pension, recycling bills
  Pennsylvania Gov. Ed Rendell has signed bills that reduce pension benefits for newly hired state and public-school employees and require the establishment of recycling programs for electronic devices, his office said Wednesday.
• Planning for pensions
  A Stanford economist's report on the funding of municipal California retirement plans could be overly pessimistic, but it still shows the need for reform of the system.
• Aurora police mull change in pension
  The city's police officers are considering switching to a different pension plan.
• State's pension gap looms large
  (New Jersey) State leaders began to debate again this week how much money they should put into New Jersey's beleaguered pension system.