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Recent Headlines from Across the Country
News stories from around the country. The Public Pension Industry is a fast paced industry. Keep up to date on a number of issues from health care to investment articles facing the public pension industry.
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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
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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
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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
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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
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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
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OR: AIG to pay $8M for Oregon public pension losses
Insurance giant AIG will pay $8 million to settle a lawsuit over Oregon Public Employees Retirement Fund losses blamed on bid-rigging and failure to disclose unethical or improper practices, state officials announced Thursday. . . . more
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Study: States Must Fill $1 Trillion Pension Gap
States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating costs if immediate action isn't taken . . . more
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Perspective Pieces