Retirement Systems

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2d
Arkansas Democrat-Gazette
Teachers' pension fund up $386 millionLITTLE ROCK -- The Arkansas Teacher Retirement System's investments increased f
Teachers' pension fund up $386 million
Arkansas Democrat-Gazette / Posted 2 days ago
LITTLE ROCK -- The Arkansas Teacher Retirement System's investments increased from $386 million to $14.97 billion in the fiscal year that ended June 30, system executive director George Hopkins said Monday. More recent figures, reflecting a sharp... Read more
7d
Arkansas Democrat-Gazette
Retiree fund's return 2.45% for fiscal 2015The Arkansas Public Employees Retirement System's investments increased in valu
Retiree fund's return 2.45% for fiscal 2015
Arkansas Democrat-Gazette / Posted 7 days ago
The Arkansas Public Employees Retirement System's investments increased in value by $20 million to $7.82 billion in the fiscal year that ended June 30, an investment consultant told the system's board of trustees Wednesday. The trustees then decided... Read more
10d
The Advocate
Despite debt, state pension plans for workers, teachers in a ‘relatively good financial position,’ analysis findsDespite a staggering debt, the state’s two largest pension plans — for state em
Despite debt, state pension plans for workers, teachers in a ‘relatively good financial position,’ analysis finds
The Advocate / Posted 10 days ago
Despite a staggering debt, the state’s two largest pension plans — for state employees and teachers — are sustainable and are in a “relatively good financial position,” the Legislature’s retirement financial guru reports. And the state government... Read more
10d
Weirton Daily Times
Pensioners on state program can top $80,000Forty state pension recipients collect more than $100,000 annually. More than h
Pensioners on state program can top $80,000
Weirton Daily Times / Posted 10 days ago
Forty state pension recipients collect more than $100,000 annually. More than half of those receiving more than $80,000 per year have begun receiving benefits since 2009, The Charleston Gazette-Mail reported. That includes first lady Joanne Tomblin,... Read more
3 related stories
11d
The Inter-Mountain
165 W.Va. pension recipients get more than $80K annuallyCHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found t
165 W.Va. pension recipients get more than $80K annually
The Inter-Mountain / Posted 11 days ago
CHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found that 165 recipients are paid more than $80,000 in annual benefits. The Charleston Gazette-Mail (http://bit.ly/1ITSaht) reports that 40 state pension recipients collect... Read more
3 related stories
11d
The Marietta Times
165 W.Va. pension recipients get more than $80K annuallyCHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found t
165 W.Va. pension recipients get more than $80K annually
The Marietta Times / Posted 11 days ago
CHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found that 165 recipients are paid more than $80,000 in annual benefits. The Charleston Gazette-Mail (http://bit.ly/1ITSaht) reports that 40 state pension recipients collect... Read more
3 related stories
11d
Parkersburg News and Sentinel
165 W.Va. pension recipients get more than $80K annuallyCHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found t
165 W.Va. pension recipients get more than $80K annually
Parkersburg News and Sentinel / Posted 11 days ago
CHARLESTON, W.Va. (AP) — A review of West Virginia's pension system has found that 165 recipients are paid more than $80,000 in annual benefits. The Charleston Gazette-Mail (http://bit.ly/1ITSaht) reports that 40 state pension recipients collect... Read more
3 related stories
11d
Op-Ed News
"Now I get it!": Katie Couric's Hit Job on Social SecurityBy Dave Lindorff Journalist Katie Couric and Wall Street tycoon Peter Peterson
"Now I get it!": Katie Couric's Hit Job on Social Security
Op-Ed News / Posted 11 days ago
By Dave Lindorff Journalist Katie Couric and Wall Street tycoon Peter Peterson, two Social Security hit-men ( by ThisCantBeHappening!) Katie Couric, a veteran TV journalist and currently global anchor for Yahoo News, just trashed Social Security in... Read more
118 related stories
11d
Op-Ed News
"Now I get it!": Katie Couric's Hit Job on Social SecurityBy Dave Lindorff Journalist Katie Couric and Wall Street tycoon Peter Peterson
"Now I get it!": Katie Couric's Hit Job on Social Security
Op-Ed News / Posted 11 days ago
By Dave Lindorff Journalist Katie Couric and Wall Street tycoon Peter Peterson, two Social Security hit-men ( by ThisCantBeHappening!) Katie Couric, a veteran TV journalist and currently global anchor for Yahoo News, just trashed Social Security in... Read more
118 related stories
14d
The Morning Call
ASD teachers to question district on pension paymentsAllentown School District teachers claim the district has not made recent submi
ASD teachers to question district on pension payments
The Morning Call / Posted 14 days ago
Allentown School District teachers claim the district has not made recent submissions to their pension accounts, and they will demand administrators answer their questions at tonight's school board meeting. The Allentown School District says it has... Read more
16d
Crosscut
Why Seattle needs to talk about raceMarissa Janae Johnson speaks at the Saturday rally downtown as presidential can
Why Seattle needs to talk about race
Crosscut / Posted 16 days ago
Marissa Janae Johnson speaks at the Saturday rally downtown as presidential candidate Bernie Sanders, right, watches. Credit: Tiffany Von Arnim/Flickr This is the first in a series of Crosscut stories discussing race in the Puget Sound... Read more
43 related stories
16d
Arkansas Democrat-Gazette
Judiciary's retiree fund gains in value while highway's dipsThe Arkansas Judicial Retirement System's investments increased in value by $5.
Judiciary's retiree fund gains in value while highway's dips
Arkansas Democrat-Gazette / Posted 16 days ago
The Arkansas Judicial Retirement System's investments increased in value by $5.6 million to $233.1 million during this past fiscal year as the Arkansas State Highway Employees Retirement System's investments declined by $48 million to $1.44... Read more
20d
Crain's Chicago Business
The Illinois pension disaster: What went wrong?But perhaps the most enduring culprit is the “Edgar ramp,” conceived in 1994 by
The Illinois pension disaster: What went wrong?
Crain's Chicago Business / Posted 20 days ago
But perhaps the most enduring culprit is the “Edgar ramp,” conceived in 1994 by Republican Gov. Jim Edgar as a 50-year program to stabilize the retirement systems. Edgar set a goal of having the systems 90 percent funded by 2045. For the plan's... Read more
21d
Deseret News
Dan Liljenquist: The realities of pension reform for Utah's public sector employeesIn March of this year, the Pension Research Council published “Lessons for Publ
Dan Liljenquist: The realities of pension reform for Utah's public sector employees
Deseret News / Posted 21 days ago
In March of this year, the Pension Research Council published “Lessons for Public Pensions from Utah’s Move to Pension Choice.” This paper is an initial attempt at analyzing the effects of Utah’s 2010 public sector pension reforms on public sector... Read more
24d
The Birmingham Times
Troy University’s Johnson Center: A Poor Steward of the TruthOn July 29, AL.com published a guest opinion editorial written by Daniel J. Smi
Troy University’s Johnson Center: A Poor Steward of the Truth
The Birmingham Times / Posted 24 days ago
On July 29, AL.com published a guest opinion editorial written by Daniel J. Smith, an associate professor of economics at the Johnson Center at Troy University criticizing the Retirement Systems of Alabama as a “poor steward” of retirement resources.... Read more
25d
Orange County Register
Even with O.C. resources strained, cost-of-living increases are boosting the pay of pensionersThe number of retired Orange County workers making more than $100,000 in annual
Even with O.C. resources strained, cost-of-living increases are boosting the pay of pensioners
Orange County Register / Posted 25 days ago
The number of retired Orange County workers making more than $100,000 in annual pensions has more than doubled in the past five years, even as debate rages about the financial health of the county’s and other pensions. What’s more, powered by annual... Read more
25d
The Columbus Dispatch
Don’t use 401(k) like an ATM, experts sayNEW YORK — All it usually takes to borrow money from your 401(k) are a few clic
Don’t use 401(k) like an ATM, experts say
The Columbus Dispatch / Posted 25 days ago
NEW YORK — All it usually takes to borrow money from your 401(k) are a few clicks on a website and a check will arrive a few days later. That is why retirement-industry leaders talk about the prospect of doing away with 401(k) loans before younger... Read more
27d
Crain's Chicago Business
Emanuel sees $426 million hole in 2016 city budgetMayor Rahm Emanuel faces a hole of at least $426 million in the 2016 city budge
Emanuel sees $426 million hole in 2016 city budget
Crain's Chicago Business / Posted 27 days ago
Mayor Rahm Emanuel faces a hole of at least $426 million in the 2016 city budget he soon will unveil, but in reality the deficit in city finances over the next year could approach $1 billion, depending on what happens with his bill in Springfield to... Read more
2 related stories
27d
Crain's Chicago Business
Emanuel sees $426 million hole in 2016 city budgetMayor Rahm Emanuel faces a hole of at least $426 million in the 2016 city budge
Emanuel sees $426 million hole in 2016 city budget
Crain's Chicago Business / Posted 27 days ago
Mayor Rahm Emanuel faces a hole of at least $426 million in the 2016 city budget he soon will unveil, but in reality the deficit in city finances over the next year could approach $1 billion, depending on what happens with a bill in Springfield for... Read more
2 related stories
29d
WAFB Baton Rouge
Zurik: MERS writes off $118 million in bad investmentsIf the leaders of the Municipal Employees Retirement System played baseball, th
Zurik: MERS writes off $118 million in bad investments
WAFB Baton Rouge / Posted 29 days ago
If the leaders of the Municipal Employees Retirement System played baseball, they'd be demoted - way down in the minors. "This system is in trouble," says State Treasurer John Kennedy. "When you swing for the fences, you're going to strike out. And... Read more
2 related stories
29d
KPLC Lake Charles
Zurik: MERS writes off $118 million in bad investmentsIf the leaders of the Municipal Employees Retirement System played baseball, th
Zurik: MERS writes off $118 million in bad investments
KPLC Lake Charles / Posted 29 days ago
If the leaders of the Municipal Employees Retirement System played baseball, they'd be demoted - way down in the minors. "This system is in trouble," says State Treasurer John Kennedy. "When you swing for the fences, you're going to strike out. And... Read more
2 related stories
29d
FOX 8 New Orleans
Zurik: MERS writes off $118 million in bad investmentsIf the leaders of the Municipal Employees Retirement System played baseball, th
Zurik: MERS writes off $118 million in bad investments
FOX 8 New Orleans / Posted 29 days ago
If the leaders of the Municipal Employees Retirement System played baseball, they'd be demoted - way down in the minors. "This system is in trouble," says State Treasurer John Kennedy. "When you swing for the fences, you're going to strike out. And... Read more
2 related stories
29d
Philly.com
Sweeney urges federal loan to fix N.J. pension woesAndrew Seidman, Inquirer Trenton Bureau Last updated: Wednesday, July 29, 2015,
Sweeney urges federal loan to fix N.J. pension woes
Philly.com / Posted 29 days ago
Andrew Seidman, Inquirer Trenton Bureau Last updated: Wednesday, July 29, 2015, 6:23 PM Sweeney cited a report released this month by Pew Charitable Trusts that found that state-run retirement systems had a $1 trillion shortfall in 2013 between what... Read more
29d
Providence Business News
ThinkAdvisor: R.I. among top 10 worst-funded state pensionsPROVIDENCE – Rhode Island made the top 10 list of the worst-funded state pensio
ThinkAdvisor: R.I. among top 10 worst-funded state pensions
Providence Business News / Posted 29 days ago
PROVIDENCE – Rhode Island made the top 10 list of the worst-funded state pensions by ThinkAdvisor, which provides information for the investment advisory community. “Pew Charitable Trusts in July released a report looking at where all 50 state... Read more
29d
Crain's Chicago Business
As Chicagoans die, police pension burden hobbles city's response(Bloomberg) — An average of six Chicagoans have been shot each day this year, u
As Chicagoans die, police pension burden hobbles city's response
Crain's Chicago Business / Posted 29 days ago
(Bloomberg) — An average of six Chicagoans have been shot each day this year, up from five in 2014. In its effort to respond to the carnage, the city is hamstrung by obligations to police, the very people it needs to protect the public. With the... Read more
30d
Chicago Tribune
Property tax hike? Emanuel says taxpayers must wait to find outMayor Rahm Emanuel on Tuesday would not shut the door on a property tax increas
Property tax hike? Emanuel says taxpayers must wait to find out
Chicago Tribune / Posted 30 days ago
Mayor Rahm Emanuel on Tuesday would not shut the door on a property tax increase to balance the city's books and ease its reliance on heavy borrowing, saying taxpayers will have to wait until he unveils his budget proposal in September to find... Read more
30d
Reuters
Illinois House agrees to eliminate FY 2016 lawmaker raisesRepublican Bruce Rauner smiles after winning the midterm elections in Chicago,
Illinois House agrees to eliminate FY 2016 lawmaker raises
Reuters / Posted 30 days ago
Republican Bruce Rauner smiles after winning the midterm elections in Chicago, Illinois, November 4, 2014. CHICAGO The Illinois House on Tuesday overwhelmingly approved a bill stopping a cost-of-living increase for state lawmakers in the current... Read more
1m
WTVM 9 Columbus
Top golfers coming to Prattville for Yokohama ClassicThe top golfers on the Rolex Women's World Golf Rankings are scheduled to play
Top golfers coming to Prattville for Yokohama Classic
WTVM 9 Columbus / Posted a month ago
The top golfers on the Rolex Women's World Golf Rankings are scheduled to play in the Yokohama Tire LPGA Classic, August 26-30 in Prattville, AL on the Senator Course at Capitol Hill along the Robert Trent Jones (RTJ) Golf Trail. Inbee Park, Lydia... Read more
1m
WSFA 12 Montgomery
Top golfers coming to Prattville for Yokohama ClassicThe top golfers on the Rolex Women's World Golf Rankings are scheduled to play
Top golfers coming to Prattville for Yokohama Classic
WSFA 12 Montgomery / Posted a month ago
The top golfers on the Rolex Women's World Golf Rankings are scheduled to play in the Yokohama Tire LPGA Classic, August 26-30 in Prattville, AL on the Senator Course at Capitol Hill along the Robert Trent Jones (RTJ) Golf Trail. Inbee Park, Lydia... Read more
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Zero Hedge
In Key Decision, Junk-Rated Chicago's Pension Reform Bid Ruled UnconstitutionalOn Thursday, we previewed a critical court ruling involving Chicago mayor Rahm
In Key Decision, Junk-Rated Chicago's Pension Reform Bid Ruled Unconstitutional
Zero Hedge / Posted 1 months ago
On Thursday, we previewed a critical court ruling involving Chicago mayor Rahm Emanuel’s effort to cut pension expenses and plug a yawning budget gap. Here’s a brief recap of the story so far: Back in May, the Illinois Supreme Court set a de facto... Read more
15 related stories
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Reuters
Economists want you to stop borrowing from your 401(k)A woman uses an ATM inside a Citi bank branch in New York August 12, 2009. NEW
Economists want you to stop borrowing from your 401(k)
Reuters / Posted 1 months ago
A woman uses an ATM inside a Citi bank branch in New York August 12, 2009. NEW YORK All it usually takes to borrow money from your 401(k) are a few clicks on a website, and a check will arrive a few days later. That is why U.S. retirement industry... Read more
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WAVE 3 Louisville
WAVE 3 News Editorial - July 23, 2015: Unfunded LiabilitiesLOUISVILLE, KY (WAVE) - It was a good fiscal year that just ended for the Commo
WAVE 3 News Editorial - July 23, 2015: Unfunded Liabilities
WAVE 3 Louisville / Posted 1 months ago
LOUISVILLE, KY (WAVE) - It was a good fiscal year that just ended for the Commonwealth of Kentucky. Nearly $10 billion in revenue for the General Fund collected, exceeding budget estimates by $135 million. The surplus helped replenish the rainy day... Read more
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Zero Hedge
PIMCO "Sees Long-Term Value" In Chicago's "Junk" Ahead Of Key Court RulingBack in May, the Illinois Supreme Court set a de facto precedent for lawmakers
PIMCO "Sees Long-Term Value" In Chicago's "Junk" Ahead Of Key Court Ruling
Zero Hedge / Posted 1 months ago
Back in May, the Illinois Supreme Court set a de facto precedent for lawmakers across the country when a bid to cut pension benefits was struck down in a unanimous ruling. Anyone who might have been confused as to the significance of the decision got... Read more
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