Public Employee Pension Systems

This station houses posts and commentary about the challenges facing state and municipal DB pension plans — funding, municipal bankruptcies, litigation, etc.


 

 

 

By John Iekel6/22/2017 • 0 Comments

The Oregon Retirement Savings Program on June 22 filed a temporary amendment to its program rules with the Oregon Secretary of State’s office. The amendment modifies language related to enrollment. READ MORE

By John Iekel6/19/2017 • 0 Comments

The Carolinas share a border, a name, and a need to address problems with their state pension plans; however, their problems are as different as north is from south. READ MORE

By John Iekel6/13/2017 • 0 Comments

Pennsylvania Gov. Tom Wolf (D) on June 12 signed into law Senate Bill 1, a measure that provides new state employees hired after Jan. 1, 2019 with three retirement benefits from which they can choose. READ MORE

By ASPPA Net Staff5/30/2017 • 0 Comments

Federal employees’ COLAs would be eliminated under the fiscal year 2018 budget proposal released by the White House on May 23. READ MORE

By Nevin Adams 5/18/2017 • 0 Comments

President Trump has signed legislation that overturns the Obama administration’s ERISA safe harbor rule for state-run auto-IRA programs for private sector workers. READ MORE

By Nevin Adams 5/18/2017 • 0 Comments

No sooner had the Senate voted to unwind the safe harbor exempting state-run auto-IRA programs from ERISA, than a pair of Senate Democrats introduced legislation to restore it. READ MORE

By ASPPA Net Staff5/11/2017 • 0 Comments

Public pensions’ funded ratios improved in the first quarter of 2017 — and some markedly so, according to a report on the 100 largest U.S. public pension plans. READ MORE

By John Iekel5/1/2017 • 0 Comments

Reporting and disclosure are functions all pension systems must perform, and public systems are no exception. So how are they doing? A recent study takes a look. READ MORE

By ASPPA Net Staff4/24/2017 • 0 Comments

The Texas Public Employee Retirement Systems (TEXPERS) has released a report on the results of the strategies its local systems have followed for allocation and investment of assets. READ MORE

By Ray Harmon3/28/2017 • 0 Comments

More than 50 bills will be heard for the first time in the Illinois House Personnel and Pensions Committee on March 30; they include measures that would affect state and local retirement plans. READ MORE

By ASPPA Net Staff3/22/2017 • 0 Comments

State and local governments’ defined benefit assets ended 2016 and its 4th quarter on a positive note, according to the Federal Reserve, READ MORE

By John Iekel3/17/2017 • 0 Comments

Public-sector pension plans in the United States face many challenges. But a recent paper suggests that how accounting rules are applied is relevant to how their condition is approached. READ MORE

By John Iekel2/28/2017 • 0 Comments

Public pension plans across the country face many challenges, to put it mildly — and among them, says a recent report, are the investment return assumptions for those plans. READ MORE

By ASPPA Net Staff2/10/2017 • 0 Comments

Funded ratios have improved for private- and public-sector pension plans since the November elections, according to recent reports. READ MORE

By ASPPA Net Staff1/13/2017 • 0 Comments

Public funds are continuing to become more cost-effective and receptive to making adaptations, according to a study of public-sector retirement systems’ results and practices in 2016.  READ MORE

By ASPPA Net Staff1/12/2017 • 0 Comments

Retirement investments and advice are among the examination priorities of the SEC's Office of Compliance Inspections and Examinations (OCIE) for 2017, the SEC said on Jan. 12. READ MORE

By John Iekel12/7/2016 • 0 Comments

A new study discusses inconsistencies entailed in providing services to governmental retirement plans as well as the antidote to that and to lackluster participation and deferral rates. READ MORE

By ASPPA Net Staff11/15/2016 • 0 Comments

The Arizona Supreme Court on Nov. 10 ruled that a measure enacted in Arizona in 2011 that altered the retirement plan for state elected officials, including judges, violates the state constitution. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

State pension plans’ unfunded liabilities are on track to grow to $1.75 trillion, says Moody’s Investors Service, which said on Oct. 7 that it expects state public pensions to grow by 40% to that amount through fiscal 2017. READ MORE

By ASPPA Net Staff8/5/2016 • 0 Comments

In the Aug. 23 webcast “Retirement Policy Initiatives in the States: How You Might Be Impacted,” Andrew J. Remo, will give an implementation status update regarding state retirement programs. READ MORE

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