NCPERS News Clips

February 14, 2012

News Clips for 2/14/2012

• For some Fairfax public employees, retirement means collecting a nest egg — and returning to work
  Dozens of Fairfax County employees retire each year. But not really. After collecting a tidy nest egg to supplement their pensions, many return to the county payroll.
• KPERS plan would cost additional $10.9B
  A plan championed by House and Senate Republicans to fix the Kansas Public Employees Retirement System will cost the state $10.9 billion more than the repair passed last session, individuals against the proposal said Tuesday.
• OpEd: Strapped by SS
  NY Post letter defending John Liu
• Lawmakers in 9 states target own pension perks
  Lawmakers in nine states — Idaho, Iowa, Illinois, Kansas, Kentucky, Minnesota, Missouri, New Jersey and South Carolina— are advancing legislation to scale back their own pensions by closing loopholes and lucrative retirement plans that have let thousands of former lawmakers earn more in retirement than while in office.
• San Jose Pension Estimates Questioned
  Have San Jose officials used fuzzy math to estimate future pension costs?
• Public Hearings Rescheduled to Discuss Important Governmental Plan Guidance
  The Internal Revenue Service (IRS) announced that public hearings will be held in Washington, D.C. on advance notice of proposed rule making previously published in the Federal Register on Nov. 8, 2011, regarding governmental plans (view our Nov. 7, 2011, bulletin on the proposed rule making).
•  CPP Fund Ends Fiscal Third Quarter at $152.8 Billion
  The CPP Fund ended the third quarter of its fiscal year on December 31, 2011 at $152.8 billion, up $520 million from $152.3 billion at the end of the second quarter on September 30, 2011.