NCPERS News Clips

May 24, 2011

News Clips for May 24th, 2011

• Counties may be forced to reveal workers' pension payments
  A ruling by a state appeals court orders Sacramento County's pension system to make public the names and pension pay for 8,500 retirees. L.A., Orange, San Diego and San Bernardino counties, among others, may have to follow suit.
• The Hidden State Financial Crisis
  Next month will be pivotal for most states, as it marks the fiscal year end and is when balanced budgets are due.
• Minneapolis' pension tension
  David Sadler lives in a bigger house at a fancier address than most Minneapolitans, so when it comes to property taxes, he's got a lot of skin in the game.
• Most Public Pensions Are Doing Well
  While we appreciate that Meredith Whitney promotes herself with seemingly unending prognostications of economic disaster, we object to her claim in "The Hidden State Financial Crisis" (op-ed, May 18) that funding public-employee pension plans threatens state and municipal financial health and endangers the economic recovery.
• Illinois Policy Institute
  Illinois is grappling with a public pension shortfall that tops $85 billion. After decades of underfunding, Illinoisans are learning the hard way that the pensions promised to public employees are unsustainable. Continuing to promise these benefits will bankrupt Illinois.
•  CalPERS cuts state payment by $170 million
  CalPERS said the states annual contribution to the pension fund will actually drop by about $170 million in the upcoming fiscal year.