NCPERS News Clips

June 7, 2011

News Clips for June 7th, 2011

• 2011 NCPERS Public Fund Survey
  Although media coverage has focused on examples of troubled funds, the data show that retirement funds overall are acting in a thoughtful, responsible and long-term manner. Improved funding, closer management of benefit levels and stronger oversight are important components of the health of public retirement--and of the nation's overall economic health
• Court ruling snarls Minneapolis pension deal
  A Minnesota Court of Appeals ruling Tuesday left both the city of Minneapolis and some of its pensioners claiming they gained legal ground in a battle with big financial implications for both pension recipients and city property taxpayers.
• City, police union agree on pension reforms: Los Altos completes move to two-tier retirement system
  Under a new three-year collective bargaining agreement the city of Los Altos and its police union struck last week, officers will begin contributing to their retirement and new hires will have more conservative pensions.
• Mayor Vidal proposes changes to Denver pension plan
  Denver city employees would pay more into their pensions beginning in January and new hires wouldn't be eligible to retire until age 60 if a City Council vote passes later this month.
• 3 Ways Your Social Security Payments Are Already Being Cut
  Policy experts have focused on alternative ways of eliminating Social Security's 75-year financing gap, but lost in the debate is the fact that even under current law Social Security will provide less retirement income relative to previous earnings than it does today.
•  CalSTRS Recommends Legislature Adopt Stronger Pension Spiking Reforms
  The board of the California State Teachers' Retirement System (CalSTRS) today voted to support proposed legislation that, if amended, would help strengthen its efforts to curb pension spiking.