NCPERS News Clips

September 18, 2012

News Clips for September 18th, 2012

• NCPERS Video Blog!
  Hank Kim discusses NCPERS Moody's comment and California's SB 1234
• California unions assail public pension changes
  As Gov. Jerry Brown signed legislation Wednesday aimed at overhauling the state's overburdened public pension system, he acknowledged that further action may be needed in the future, saying "government, like a battleship in the ocean, turns slowly."
• California retirement plan could serve as a national model
  A bill to create a publicly administered retirement savings program for private-sector workers in California who do not have access to an employer-sponsored plan has passed both houses of the state legislature and awaits the signature of Governor Jerry Brown.
• The “Everybody’s Doing It” Argument of Pensions
  With the ongoing NFL referees contract dispute, Dave Jamieson of the Huffington Post interviewed Commissioner Roger Goodell asking him about the issue of pensions.
• A modest proposal
  Get Illinois legislators out of the local pension game
• Pensions Overhaul Is Urged
  Just months after Connecticut's underfunded pension system was ranked among the worst in the U.S., a new research group is calling for the state to move to 401(k) retirement accounts for new government employees and to make other changes. (subscription required)
•  Can California Change How We Save for Retirement?
  The state has often set trends for the country in areas ranging from the environment to food and popular culture. Now, California is moving toward launching an innovative new approach to retirement saving that addresses two key problems facing Americans: the lack of workplace pension programs among small businesses and the structural shortcomings of 401(k) plans.