NCPERS News Clips

November 6, 2012

News Clips for November 6th, 2012

• Questions Answered About Pension Plans
  Readers recently submitted questions about pension plans to Mary Williams Walsh, a business reporter for The New York Times who has written about how companies manage their pension plans; what happens when companies go bankrupt; public workers' pensions and how they may affect state and local finances; and Chapter 9 municipal bankruptcy.
• Romney's public disservice
  WP OpEd: As Hurricane Sandy forced evacuations and shut down public transit, New York City bus drivers transported patients to hospitals. Nurses stayed and watched over the sick. First responders marched into danger.
• How States Underfund Public Pensions
  Politicians evade balanced budget requirements and debt limits by underfunding public pensions, covertly passing the financial burden onto future taxpayers.
• How GASB Changes Will Affect Public Pensions – Part I
  The coming changes from the Governmental Accounting Standards Board (GASB) are going to take a lot of explanation.
•  Will L.A. make 401(k)-style public pensions a trend?
  Signature gathering began last week for an initiative to switch new hires of California's largest city from pensions to a 401(k)-style plan, a change begun in the second largest city, San Diego, after voters approved a similar initiative in June.