NCPERS News Clips

March 27, 2012

News Clips for March 27, 2012

• NH Senate orders study of public pension system
  The New Hampshire Senate has voted to create a commission to study a defined contribution pension plan for public employees.
• Pension reform headed to full House, Senate
  (Alabama) Pension reform legislation won approval in House and Senate committees Thursday. The changes are designed to save the state billions over the 30 years.
• GOP lawmakers won't budge on pension-overhaul plan
  (Washington) As the Legislature slogs through its special session, Republicans show no sign of backing down from proposed pension-system changes that public employees call a "war on workers."
• New York State Workers' Pensions Cut By Governor Andrew Cuomo, Following National Trend
  The political drama that played out in New York -– a state that runs one of the county's largest public pension plans -- places the Empire State at the center of a national fiscal trend, according to a General Accounting Office report released earlier this month.
• Sustainable Retirement: Who's going to be a millionaire?
  (Blog) When did the idea that "retirement with dignity" change? When did retirement become a privilege, not a right? When did we stop hoping for good health and long life when our working years were over and start wondering if we could ever stop working?
• Meister: It's not true, what they say about pensions
  So, what are we going to do about those big fat pensions collected by public employees? You know, those retirement benefits that supposedly are threatening to bankrupt state and local governments everywhere.
• States From Ohio to Florida Weigh Running Company Funds
  Six U.S. states, led by Massachusetts and California, are taking steps to put public pension overseers in charge of retirement savings plans offered to nongovernment workers, according to an advocate of the idea.
•  TRS Executive Director Richard Ingram's Address to Delegates at the IEA Representative Assembly
  “We cannot invest our way out of the funding circumstances that have been created over the last three, four, five decades… We can no longer rely on the old assumptions… We need to address the new funding realities… The constitutional protections that we focus on, very appropriately here, create a different kind of challenge for us.” –Richard Ingram