To view this email on the web, visit www.ncpers.org/newsclips/news.php?id=292 NCPERS News Clips July 9, 2013 News Clips for July 9th, 2013 U.S. News Pension Proposal Aims to Ease Burden on States and Cities As states and cities wrestle with mounting pension woes, some even seeking refuge in bankruptcy, Washington has mostly stayed on the sidelines. Sen. Hatch Pushes Pension Overhaul Utah Sen. Orrin Hatch, the top Republican on the Senate Finance Committee, will outline a plan Tuesday to ease financial strains on state and local governments by revamping public-pension rules. 2013 Oregon Legislative Session Filled With Disappointments, Victories Oregon lawmakers had hoped to finish up their legislative session over the weekend. But it didn’t work out that way. Instead, the final gavel is expected to fall sometime Monday. Moody’s ratings are appropriately cautious on states’ pension funding GENEROUS PENSIONS and retiree health plans have long distinguished jobs in state and local government from private-sector work. Whether so much deferred compensation was as necessary and appropriate to recruiting a top-flight workforce as many claim is open to debate. 10 state pensions in deep trouble Moody’s Investors Service has identified 10 states whose overwhelming public pension burden is even worse than previously thought. Moody’s: Florida’s pension burden among lowest in U.S. Florida’s pension liability relative to key economic measures ranks lower than most other states, according to a report from Moody’s Investors Service. New laws in effect around US; here's a look at NM This part of summer is a time for patriotism. It's also the time new state laws go into effect across the nation. National Conference on Public Employee Retirement Systems 444 N. Capitol St., NW Suite 630, Washington, D.C. 20001 Tel: 1-877-202-5706 Fax: 202-624-1439