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Recent Headlines from Across the Country


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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.

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
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
Liu to propose lifting NYC ban on placement agents
New York City Comptroller John Liu told the Wall Street Journal he is considering partially lifting a ban on placement agents that was put in place due to kickback scandals at several pension funds. . . . more
WI: IRS Officials Target State Pension Fund For Back Income Taxes
The Internal Revenue Service has targeted the state pension fund, saying that it owes the federal government millions in back income taxes from profits made years ago. . . . more
N.J. Assembly introduces pension reform bills to reduce state worker benefits
Assembly leaders today introduced their versions of pension bills passed by the Senate earlier this week — and said they would add three more proposals to the mix. . . . more
CO: Colo. governor signs state worker pension overhaul
Colorado Gov. Bill Ritter on Tuesday signed a bill that cuts state employee retiree benefits to prevent the pension system from going broke. . . . more
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
New York comptroller unveils pension fund reform plan
New York City Comptroller John Liu on Thursday unveiled his plan to reform the city's pension fund system in the wake of a "pay-to-play" corruption probe of the state pension system. . . . more
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