State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By John Iekel12/19/2014 • 0 Comments

Pension payments for state retirees can be withheld when income taxes are insufficient to cover them. This approach, taken by New Jersey Gov. Chris Christie (R), stands as the New Jersey Senate on Dec. 18 voted not to override Christie’s veto of a bill that would have required quarterly contributions to the state’s defined benefit plan.

By John Iekel12/16/2014 • 0 Comments

It’s no secret that state pension plans are beset by obligations beyond their ability to meet. A new study by State Budget Solutions (SBS) is the latest to outline how serious the problem is, based on 2014 data. READ MORE

By Ray Harmon12/4/2014 • 0 Comments

With time running out on its deadline for providing recommendations, a task force examining alternatives for a possible state-run IRA program in the Old Line State continued to debate the issues. READ MORE

By Andrew Remo12/3/2014 • 0 Comments

The Illinois General Assembly has sent legislation to Gov. Pat Quinn (D) that would create the nation's first state-run automatic enrollment payroll deduction IRA program for private sector employers. READ MORE

By John Iekel11/26/2014 • 0 Comments

Two of the states beset by the most intractable state pension problems have hit roadblocks in their efforts to address those issues. The pension reform law enacted in Illinois has been declared unconstitutional, and new reports and accounting procedures show that New Jersey’s pension system is in worse shape than had been thought.

By Ray Harmon11/21/2014 • 0 Comments

In the wake of the surprise election of Republican Larry Hogan to the Maryland governor’s mansion earlier this month, the task force outgoing Gov. Martin O’Malley (D) established to study retirement plan access and potentially recommend a state-run automatic enrollment IRA program had its first post-election meeting Nov. 19. READ MORE

By NTSA Net Staff11/13/2014 • 0 Comments

The recent elections have had a dramatic effect on Capitol Hill. But there also have been some significant and surprising results on the state level as well — and could affect retirement plan-related legislation on regulation in some states. READ MORE

By John Iekel11/6/2014 • 0 Comments

We hear a lot about how well Americans are saving — or not — for their retirement. Legg Mason Global Asset Management has unveiled EZ IRA, a payroll deduction IRA program intended to provide a way to build that savings rate.

By John Iekel10/31/2014 • 0 Comments

Plan sponsors of 403(b)s offered by institutions of higher learning are changing them in a variety of ways, reports Cammack Retirement Group in their new report, the "Higher Education Retirement Plan Survey." READ MORE

By John Iekel10/22/2014 • 0 Comments

Discussion over public pensions is going on all over the United States. But two of them in Texas — involving city firemen — cast the matter in a different light: Houston and Fort Worth and their firefighter organizations are at odds over the pensions those cities provide their current and future fire and rescue personnel.


By John Iekel10/22/2014 • 0 Comments

Education funding has figured prominently in the Michigan gubernatorial race, says Mackinac Center for Public Policy Assistant Director for Fiscal Policy James Hohman, because of the underfunding of the state school system’s retirement plan.

By John Iekel10/21/2014 • 0 Comments

How do you build a successful practice? In the inaugural 403(b) Advisor Web Forum on Oct. 10, NTSA Executive Director Chris DeGrassi asked advisors Bruce Smith, Richard Dobson and Jerald Wozniak — all of whom are 2014 NTSA Elite Advisors — for their insights on aspects of how best to go about doing just that. READ MORE

By John Iekel10/17/2014 • 0 Comments

Public pensions can be fair game when a city government declares bankruptcy under federal law, the federal judge overseeing Stockton, Calif.’s bankruptcy has ruled. READ MORE

By NTSA Net Staff10/17/2014 • 0 Comments

They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement. READ MORE

By John Iekel10/17/2014 • 0 Comments

Retirement plans and health benefits are different things and serve different purposes. Nonetheless, they can intersect functionally — and retirement accounts and health savings accounts are a prime example, as a BenefitsPro report observed recently. READ MORE

By John Iekel10/14/2014 • 0 Comments

State pension plans, long beleaguered and adrift in a sea of red, may have turned a corner. A report by LifeHealthPRO says that data from Bloomberg show a slight increase in the states’ ability to meet their pension requirements. READ MORE

By John Iekel10/13/2014 • 0 Comments

A new white paper by the Conference of Consulting Actuaries’ Public Plans Community targeted to actuaries and retirement boards examines the development of actuarial funding policies and practices. READ MORE

By John Iekel10/8/2014 • 0 Comments

The fiscal pressure that public pension plan obligations exerts on state governments is not going away, the Cato Institute cautions in a report it recently issued. Cato expects that the cost of those plans will be a major driver of state budgets.

By Nevin Adams10/7/2014 • 0 Comments

Differences in workforce composition — not costs appear to be a primary cause for the lower rate at which small employers sponsor retirement plans, according to a new report. READ MORE

By John Iekel10/6/2014 • 0 Comments

The digital world offers public — not just private — plans revolutionary means to communicate, store and share data. But using it in a responsible and ethical manner is as important as it is challenging, as Lauren Bloom, an expert on professional ethics and risk management, pointed out in the recent webcast, “Ethics and Professionalism in the Digital Age.”

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