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State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By John Iekel3/11/2015 • 0 Comments

Michigan’s state employee retirement plan could be paying out a sizable chunk more in benefits four years from now. READ MORE

By John Iekel3/9/2015 • 0 Comments

Identical bills before both chambers of the Iowa legislature would end state taxation of pensions and other forms of retirement income — but only through 2020.
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By NTSA Net Staff3/6/2015 • 0 Comments

The Indiana Senate is considering House-passed legislation that would allow Hoosier State public sector employers, and their employees, to participate in a public employees’ defined contribution plan. READ MORE

By John Iekel3/5/2015 • 0 Comments

The New Jersey Pension and Health Benefits Study Commission has issued its findings and proposals for how the Garden State can address its seemingly intractable state pension funding problems. READ MORE

By John Iekel3/5/2015 • 0 Comments

Legislation before the California Assembly would enhance information provided to participants in the California State Teachers’ Retirement System. READ MORE

By Andrew Remo3/3/2015 • 0 Comments

Legislation that would require Maryland employers to adopt payroll deduction savings plans for their employees got a full bicameral at a Feb. 25 hearing in the Maryland General Assembly.
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By NTSA Net Staff2/26/2015 • 0 Comments

The recent White House budget proposal sets aside $6.5 million in funding for the Department of Labor, along with waiver authority, to support state efforts to implement state-based automatic enrollment IRAs or 401(k)-type programs.
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By NTSA Net Staff2/26/2015 • 0 Comments

New Jersey Gov. Chris Christie (R) announced a plan to restructure the state pension system just one day after a New Jersey judge declared his plan to cut the state’s contributions to its pension system unconstitutional.
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By Chris DeGrassi2/26/2015 • 0 Comments

The NTSA's persistent effort to ensure that public school employees receive the same important information provided to private sector retirement plan participants has passed a significant milestone. READ MORE

By NTSA Net Staff2/24/2015 • 0 Comments

New Jersey Gov. Chris Christie (R) suffered a setback in his plan to reduce the state’s contributions to the state pension system when New Jersey Superior Court Judge Mary Jacobson ruled the plan unconstitutional Feb. 23.

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By NTSA Net Staff2/20/2015 • 0 Comments

New Illinois Gov. Bruce Rauner (R) has proposed massive cuts to balance the state’s budget, with state pension plans bearing the brunt. READ MORE

By John Iekel2/17/2015 • 0 Comments

A bill that would create a self-managed DC plan as alternative to the DB plan that currently serves Illinois public school teachers is before the Illinois House. READ MORE

By John Iekel2/17/2015 • 0 Comments

The Virginia House of Delegates on Feb. 6 passed a measure that would allow school districts to establish and administer their own 403(b) plans, and also would allow voluntary and matching contributions under the Commonwealth’s DC plan to be directed to those locally adopted 403(b) plans. READ MORE

By John Iekel1/26/2015 • 0 Comments

State and local retirement plans will be able to cover qualifying public charter school employees without adverse consequences if regulations the IRS proposed on Jan. 23 are adopted.
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By NTSA Net Staff1/20/2015 • 0 Comments

The curtain appears to be far from closing on the drama surrounding the New Jersey pension system as state Assistant Attorney General Jean Reilly argued before New Jersey Superior Court Judge Mary Jacobson the state can’t be compelled to make contributions to the state’s pension system. READ MORE

By Nevin Adams1/14/2015 • 0 Comments

Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul. READ MORE

By NTSA Net Staff1/6/2015 • 0 Comments

There is further to go in building the solvency of the Colorado public employee pension system and one way to accomplish that is through more cautious investment practices, said state Treasurer Walker Stapleton (R). Stapleton in a Jan. 4 interview on Colorado Public Radio (CPR). READ MORE

By John Iekel1/6/2015 • 0 Comments

New Jersey Gov. Chris Christie (R) and State Senate President Steve Sweeney (D-West Deptford) agree that the state's public pension system needs to be fixed. But implementation of steps to get there is another matter. READ MORE

By John Iekel1/5/2015 • 0 Comments

Illinois has become the first state to put in place a state-run retirement plan in which private-sector employees can participate. Gov. Pat Quinn (D) on Jan. 4 signed into law SB2758, the measure that creates the Illinois Secure Choice Savings Program.
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By John Iekel12/30/2014 • 0 Comments

Six California superior court judges have filed suit against the state of California, State Controller John Chiang, the Judicial Council and the California Public Employees Retirement System (CalPERS) over the application of a state pension reform act to them. READ MORE

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