The Trillion Dollar Gap: Underfunded state retirement systems and the roads to reform A $1 trillion gap. That is what exists between the $3.35 trillion in pension, health care and other retirement benefits states have promised their current and retired workers as of fiscal year 2008 and the $2.35 trillion they have on hand to pay for them, according to a new report by the Pew Center on the States. . . . more	Country Risk The markets have been focused on the brighter outlook for the private sector as a result of the global stimulus efforts. It is now occurring to us that it was a zero sum game. That is, while governments have been providing liquidity, direct fiscal spending, and monetary base growth to the private sector, there will be a commensurate slowdown in public sector spending as deficits grow. . . . more Todd-Veredus Adds Director for Public Pensions Marketing Todd-Veredus Asset Management LLC (TVAM) announced today the appointment of Eddie B. Vandiver as its Director of Public Pensions Marketing. Mr. Vandiver will be responsible for new business development and service to the public pension market . . . more Milberg LLP Wins Major Securities Fraud Trial Against Vivendi On behalf of an international class of investors, Milberg LLP represented lead plaintiff the Retirement System for the General Employees of the City of Miami and several individuals in the successful prosecution of the recent securities fraud trial against French conglomerate Vivendi S.A. . . . more "The trick is to stop thinking of it as 'your' money." - IRS auditor
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Public Pensions Online's industry leading archive holds thousands of articles, reports and studies. Use our convenient Search feature or browse by department.	AK: Legislative retirement overhaul stalls Teachers and other public employees in Alaska will remain responsible for planning for their own retirements, as hopes for returning state employees to a traditional pension plan appears bottled up in the Legislature . . . more MN: State's pensions need a boost In the late 1990s and early 2000s, retired Minnesota public employees lived like the rest of us with a stake in the stock market: high on the hog. . . . more CA: CalPERS weighs reducing return on investments In light of "market conditions over the last year," the California Public Employees' Retirement System said Sunday that it's considering lowering the benchmark 7.75 percent return on investments judged necessary to cover its obligations . . . more OR: Oregon may invest pension money in troubled-bank rescues In a deal being pitched as a home-run investment opportunity for the state pension fund, Oregon's public pensioners may be about to buy stakes in several of the 700 troubled banks around the country that are wallowing in bad loans . . . more CA: Pension reform in 17 states, but not California A new study says the economic downturn has prompted 17 states to make cost-cutting public pension reforms during the last two years — lower benefits for new hires, extended retirement ages and bigger payments from workers . . . more IL: Local governments push pension changes Facing growing financial problems, local leaders from across the state hope coming together will pressure state lawmakers to make significant changes on pension funds slated for police and firefighters . . . more IL: Why Our Municipal Pension Fund "Works" How is the Illinois Municipal Retirement Fund in such strong financial shape? Local governments are forced to make their contributions on time and in full . . . more NJ: Poll finds New Jerseyans back Christie's pension reform effort A majority of New Jerseyans (52 percent) approve of the way Gov. Chris Christie is handling his job after six weeks in office, according to a Fairleigh Dickinson University PublicMind poll made public Wednesday . . . more Click here to view more News
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