Retirement Systems

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2h
Newsmax
Wall Street Journal: Pension Crisis in 'Cover Up' Modetask force on pension financing when several members were about to publish a pa
Wall Street Journal: Pension Crisis in 'Cover Up' Mode
Newsmax / Posted 2 hours ago
task force on pension financing when several members were about to publish a paper that found many state and local retirement systems calculate their obligations using overly optimistic future rates of return, the WSJ reported. The authors... Read more
9h
Zero Hedge
Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With "Crippling" Tax Hikedirector, said during the board meeting in Springfield. As a reminder, Illinoi
Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With "Crippling" Tax Hike
Zero Hedge / Posted 9 hours ago
director, said during the board meeting in Springfield. As a reminder, Illinois' fiscal 2017 pension payment to its five retirement systems was estimated at $7.9 billion, up from $7.6 billion in fiscal 2016 and $6.9 billion in fiscal 2015,... Read more
21 related stories
2d
NJ.com
N.J. public pension system still among worst-funded in U.S.— New Jersey's public pension fund is shakier than all but two U.S. states also
N.J. public pension system still among worst-funded in U.S.
NJ.com / Posted 2 days ago
— New Jersey's public pension fund is shakier than all but two U.S. states also known for their notoriously underfunded retirement systems, according to a new comparison by the Pew Charitable Trusts. The pension fund was just 42 percent funded... Read more
2d
The Champaign News-Gazette
State officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
State officials: Pension change could be 'devastating'
The Champaign News-Gazette / Posted 2 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
2d
Chicago Tribune
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Chicago Tribune / Posted 2 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
2d
Newsmax
Pew: States Face $1 Trillion Pension ShortfallU.S. state public employee retirement systems were able to shave $35 billion of
Pew: States Face $1 Trillion Pension Shortfall
Newsmax / Posted 2 days ago
U.S. state public employee retirement systems were able to shave $35 billion off their unfunded liabilities in fiscal 2014 due mostly to strong investment returns, leaving a shortfall of $934 billion, according to a study published on... Read more
17 related stories
2d
WTKR Norfolk
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
WTKR Norfolk / Posted 2 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
2d
Daily Chronicle
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Daily Chronicle / Posted 2 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there’s enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
2d
Business Wire
Fitch Affirms Monroe County, NY's GO and IDR at 'BBB+'; Outlook Stablewhich includes $210 million of tax supported debt. The county participates in
Fitch Affirms Monroe County, NY's GO and IDR at 'BBB+'; Outlook Stable
Business Wire / Posted 2 days ago
which includes $210 million of tax supported debt. The county participates in the state's well-funded defined benefit retirement systems. The county has elected to amortize the maximum allowable annual pension contribution from fiscal 2010... Read more
8 related stories
3d
Spartanburg Herald-Journal
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Spartanburg Herald-Journal / Posted 3 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
3d
The Hendersonville Times-News
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
The Hendersonville Times-News / Posted 3 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
3d
Northwest Herald
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Northwest Herald / Posted 3 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
3d
KRCR TV Redding
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KRCR TV Redding / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
News Channel 12 New Bern
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
News Channel 12 New Bern / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
Daily Chronicle
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Daily Chronicle / Posted 3 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
3d
ABC 7 El Paso
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
ABC 7 El Paso / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
Local 10 Miami
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
Local 10 Miami / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
News 8000
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
News 8000 / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
ClickOnDetroit
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
ClickOnDetroit / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KPRC Local 2 Houston
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KPRC Local 2 Houston / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KTXS Abilene
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KTXS Abilene / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KECI Missoula
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KECI Missoula / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
Daily Herald
Illinois officials: Pension change could be 'devastating'rating agencies are increasingly pressuring them to lower assumptions to ensure
Illinois officials: Pension change could be 'devastating'
Daily Herald / Posted 3 days ago
rating agencies are increasingly pressuring them to lower assumptions to ensure there's enough money to pay benefits. While retirement systems set their estimated rate of return based on 20 or 30 years of projections, some analysts predict the... Read more
21 related stories
3d
WFMZ Eastern Pennsylvania and Western New Jersey
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
WFMZ Eastern Pennsylvania and Western New Jersey / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
WJXT Jacksonville
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
WJXT Jacksonville / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KTVZ Bend
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KTVZ Bend / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KXLY-TV Spokane
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KXLY-TV Spokane / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
WCYB 5 Tri-Cities
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
WCYB 5 Tri-Cities / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
KRDO Colorado Springs
States face a $1 trillion pension shortfalland start to pay down their debt, according to a Pew Charitable Trusts report r
States face a $1 trillion pension shortfall
KRDO Colorado Springs / Posted 3 days ago
and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday. In that year, state-run retirement systems had a $934 billion gap between benefits promised and how much is saved to fund those payments. Because of... Read more
17 related stories
3d
Zero Hedge
Illinois Warns Of "Crippling Tax Hikes", "Devastating Impact" If Largest Pension Fund Admits Realityago, the TRS hole is already gargantuan and about to get even bigger. Illinois'
Illinois Warns Of "Crippling Tax Hikes", "Devastating Impact" If Largest Pension Fund Admits Reality
Zero Hedge / Posted 3 days ago
ago, the TRS hole is already gargantuan and about to get even bigger. Illinois' fiscal 2017 pension payment to its five retirement systems was estimated at $7.9 billion, up from $7.617 billion in fiscal 2016 and $6.9 billion in fiscal 2015,... Read more
21 related stories
4d
Reuters
Illinois governor's office warns of crippling pension payment hikepayment increased by more than $200 million, according to the memo. Illinois'
Illinois governor's office warns of crippling pension payment hike
Reuters / Posted 4 days ago
payment increased by more than $200 million, according to the memo. Illinois' fiscal 2017 pension payment to its five retirement systems was estimated at $7.9 billion, up from $7.617 billion in fiscal 2016 and $6.9 billion in fiscal 2015,... Read more
21 related stories
4d
KFVS 12 Cape Girardeau
Bevin to appeal judge's order in public pension lawsuit(AP) - Gov. Matt Bevin's attorney says he will appeal a judge's ruling that tem
Bevin to appeal judge's order in public pension lawsuit
KFVS 12 Cape Girardeau / Posted 4 days ago
(AP) - Gov. Matt Bevin's attorney says he will appeal a judge's ruling that temporarily reinstates a member of the Kentucky Retirement Systems board of trustees. Steve Pitt told reporters Tuesday the governor does not believe Thomas Elliott should... Read more
2 related stories
4d
WHAS TV11 Louisville
Bevin to appeal judge's order in public pension lawsuit(AP) - Gov. Matt Bevin's attorney says he will appeal a judge's ruling that tem
Bevin to appeal judge's order in public pension lawsuit
WHAS TV11 Louisville / Posted 4 days ago
(AP) - Gov. Matt Bevin's attorney says he will appeal a judge's ruling that temporarily reinstates a member of the Kentucky Retirement Systems board of trustees. Steve Pitt told reporters Tuesday the governor does not believe Thomas Elliott should... Read more
2 related stories
5d
WHAS TV11 Louisville
Judge says Bevin can't remove pension chairmanFRANKFORT, Ky. (AP) - A state judge says Republican Gov. Matt Bevin can't remov
Judge says Bevin can't remove pension chairman
WHAS TV11 Louisville / Posted 5 days ago
FRANKFORT, Ky. (AP) - A state judge says Republican Gov. Matt Bevin can't remove the chairman of the Kentucky Retirement Systems board of trustees for now but can rewrite the rules for the board and its members. Franklin County Circuit Judge Phillip... Read more
2 related stories
5d
WHAS TV11 Louisville
Judge says he will issue ruling in retirement case TuesdayFRANKFORT, Ky. (AP) - The Kentucky Retirement Systems will decide how to invest
Judge says he will issue ruling in retirement case Tuesday
WHAS TV11 Louisville / Posted 5 days ago
FRANKFORT, Ky. (AP) - The Kentucky Retirement Systems will decide how to invest millions of dollars in public money on the same day a state judge is expected to rule on whether the new board appointed by the governor that controls those investments... Read more
9d
The Register NorthJersey.com
Christie signs 10 bills into lawcustody. Increase the accidental death benefit for surviving children of emplo
Christie signs 10 bills into law
The Register NorthJersey.com / Posted 9 days ago
custody. Increase the accidental death benefit for surviving children of employees in the Police or Firefighter’s retirement systems to 70 percent of the employee’s final years of compensation. Allow the School of Osteopathic Medicine at... Read more
9d
Al.com
Does education community think Tim Cook is qualified to be the CEO of Apple?valuable company following the passing of Steve Jobs. Tim Cook's leadership has
Does education community think Tim Cook is qualified to be the CEO of Apple?
Al.com / Posted 9 days ago
valuable company following the passing of Steve Jobs. Tim Cook's leadership has been so phenomenal that Apple is one of the Retirement Systems of Alabama's top investments. Despite Tim Cook's astounding success, some Alabamians apparently think... Read more
9d
Arkansas Democrat-Gazette
Fund for state pensions sheds $196M in fiscal '16said Ryan Ball of the Chicago-based investment consultant Callan Associates. Th
Fund for state pensions sheds $196M in fiscal '16
Arkansas Democrat-Gazette / Posted 9 days ago
said Ryan Ball of the Chicago-based investment consultant Callan Associates. The median return for the nation's public retirement systems was a 0.54 percent last fiscal year, the consultant reported. The system's investment value dropped in... Read more
13d
Salon.com
Hillary’s Social Security flop: Clinton must embrace program’s expansion to get ahead of TrumpAmericans contribute their share to the nation’s retirement system. The end res
Hillary’s Social Security flop: Clinton must embrace program’s expansion to get ahead of Trump
Salon.com / Posted 13 days ago
Americans contribute their share to the nation’s retirement system. The end result would bring us in line with the national retirement systems of other advanced democracies such as Denmark, Sweden, France and other places. Heck, if they can do it... Read more
14d
Raw Story
Here’s a bold idea for Hillary — and voters will love itAmericans contribute their share to the nation’s retirement system. The end res
Here’s a bold idea for Hillary — and voters will love it
Raw Story / Posted 14 days ago
Americans contribute their share to the nation’s retirement system. The end result would bring us in line with the national retirement systems of other advanced democracies such as Denmark, Sweden, France and other places. Heck, if they can do it... Read more
14d
Arkansas Democrat-Gazette
Highway retiree fund's investments dip $138Min line with expectations, given the market's performance," she said of the ret
Highway retiree fund's investments dip $138M
Arkansas Democrat-Gazette / Posted 14 days ago
in line with expectations, given the market's performance," she said of the return. The median investment gain for public retirement systems nationally was 0.5 percent last fiscal year, Smith said Friday, citing figures from Chicago-based... Read more
15d
Zero Hedge
Michigan Pension Funds Boost Tesla Stake By Over 200%Treasury department’s Bureau of Investments oversees investment of more than $6
Michigan Pension Funds Boost Tesla Stake By Over 200%
Zero Hedge / Posted 15 days ago
Treasury department’s Bureau of Investments oversees investment of more than $60 billion in the State of Michigan Retirement Systems. That includes four systems: the Michigan Public School Employees’ Retirement System, Michigan State... Read more
2 related stories
16d
The New Yorker
The Oracleon CNN (so far this year, she’s done “Larry King Live” a dozen times) or at the
The Oracle
The New Yorker / Posted 16 days ago
on CNN (so far this year, she’s done “Larry King Live” a dozen times) or at the National Conference on Public Employee Retirement Systems (mark your calendar for May, 2009). One afternoon last spring, Huffington, who lives in Los Angeles, was... Read more
49 related stories
16d
Orange County Register
Not fair! Public pension figures for '$100K Club' hit a nerveexplained that we examined just the mammoth CalPERS on this go-around. There ar
Not fair! Public pension figures for '$100K Club' hit a nerve
Orange County Register / Posted 16 days ago
explained that we examined just the mammoth CalPERS on this go-around. There are dozens of independent county and city retirement systems – including the Orange County Employees Retirement System and the San Bernardino County Employees’... Read more
18d
Orange County Register
The '100K Club' - public retirees with pensions over $100,000 - are a growing groupbankruptcy court. Most cities and special districts in Orange County – and sta
The '100K Club' - public retirees with pensions over $100,000 - are a growing group
Orange County Register / Posted 18 days ago
bankruptcy court. Most cities and special districts in Orange County – and statewide – contract with CalPERS to run their retirement systems. It covers all state workers as well. CalPERS is the largest public retirement system in the world and... Read more
19d
Crain's Chicago Business
Bill Gross' advice starts to click for an Illinois pension fundincrease in New York City's five pension funds with $163 billion of assets, the
Bill Gross' advice starts to click for an Illinois pension fund
Crain's Chicago Business / Posted 19 days ago
increase in New York City's five pension funds with $163 billion of assets, the smallest gain since 2012. Government-retirement systems have lagged return targets after U.S. stocks declined last year and bond yields hold near record lows,... Read more
3 related stories
21d
Statesboro Herald
Finalist's issues draw questionswas one year and seven months short of full retirement, and the Horry County go
Finalist's issues draw questions
Statesboro Herald / Posted 21 days ago
was one year and seven months short of full retirement, and the Horry County government made a payment to South Carolina Retirement Systems to make her eligible for full benefits. WPDE Channel 15 television obtained and displayed a document... Read more
22d
Business Wire
Fitch Rates Los Angeles USD, CA's $455M Unlimited Tax GOs 'AAA'; Outlook Stableincrease implemented incrementally during the prior two years, along with incre
Fitch Rates Los Angeles USD, CA's $455M Unlimited Tax GOs 'AAA'; Outlook Stable
Business Wire / Posted 22 days ago
increase implemented incrementally during the prior two years, along with increasing its contributions to employee retirement systems. Fitch expects expenditure growth to be moderately above expected revenue growth in order to compete with... Read more
8 related stories
23d
Business Insurance
Chicago mayor's plan to fix municipal pension fund seeks water, sewer taxconference in Chicago, adding that the city has now identified specific revenue
Chicago mayor's plan to fix municipal pension fund seeks water, sewer tax
Business Insurance / Posted 23 days ago
conference in Chicago, adding that the city has now identified specific revenue streams to support each of its four retirement systems. The plan requires city council approval, which Mr. Emanuel said he intends to seek in September. Chicago... Read more
18 related stories
24d
Peoria Journal Star
Rauner administration says AFSCME threatening workers with fines for crossing picket linescross the picked (sic) line.” Terranova said the fines were mentioned to emplo
Rauner administration says AFSCME threatening workers with fines for crossing picket lines
Peoria Journal Star / Posted 24 days ago
cross the picked (sic) line.” Terranova said the fines were mentioned to employees during meetings on July 15 at the State Retirement Systems Building and on July 18 at the Abraham Lincoln Presidential Library and Museum. “To confirm whether... Read more
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