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State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By John Iekel, Ray Harmon5/15/2015 • 0 Comments

The Pennsylvania Senate has approved SB 1, the measure that would reform the Pennsylvania Public School Employees’ Retirement System and the State Employees’ Retirement System; it is now before the House. READ MORE

By NTSA Net Staff5/13/2015 • 0 Comments

Amending the Illinois constitution may be an answer to the state's pension problems, Gov. Bruce Rauner's (R) office has suggested. READ MORE

By NTSA Net Staff5/12/2015 • 0 Comments

Standard & Poors has put Illinois on credit watch in the wake of the state Supreme Court overturning the state's pension reform law. READ MORE

By NTSA Net Staff5/12/2015 • 0 Comments

The Oregon Supreme Court’s ruling that it was unconstitutional to apply cuts to pension cost-of-living adjustments to those who were state employees and retirees before the 2013 law was enacted will do more than restore those funds. READ MORE

By John Iekel5/11/2015 • 0 Comments

The Illinois Supreme Court was of one mind on May 8, unanimously ruling that the state’s 2013 pension reform law violates the state constitution. READ MORE

By John Iekel5/8/2015 • 0 Comments

In testimony at a recent hearing held by the Rhode Island House Committee of Labor, the American Retirement Association expressed strong support for a bill that would establish a private-sector employer IRA program in the Ocean State.

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By NTSA Net Staff4/29/2015 • 0 Comments

A recent Federal Reserve report says that state and local governments are increasingly turning to DC plans. READ MORE

By NTSA Net Staff4/21/2015 • 0 Comments

As the Illinois Supreme Court considers the state’s pension plan reform and Gov. Rauner considers a 401(k)-style pension plan for government employees, local cities must address pension plan challenges. READ MORE

By John Iekel, Ray Harmon4/15/2015 • 0 Comments

State legislatures continue to be active in considering ways to improve and enhance the retirement readiness of their citizens. The latest: North Carolina and Maine. READ MORE

By NTSA Net Staff4/14/2015 • 0 Comments

A recent study suggests that longevity may not have as severe an effect on state and local governments’ pension plans as you might think.
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By NTSA Net Staff4/2/2015 • 0 Comments

Total U.S. retirement plan assets were $24.7 trillion as of Dec. 31, 2014, with DC plan and public-sector DB plan assets showing stronger growth than IRAs. READ MORE

By NTSA Net Staff4/1/2015 • 0 Comments

State pension plans are likely to continue affecting, and straining, state budgets and funding, says Standard & Poors.
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By John Iekel3/30/2015 • 0 Comments

State revenues collectively exceeded expenditures in 2013 — the most recent year for which complete data is available — but that didn’t translate to widespread public pension health. READ MORE

By John Iekel3/27/2015 • 0 Comments

The Nevada State Assembly is considering legislation that would establish a new retirement plan for new public sector employees and expand all public employees’ choices regarding how their retirement plan funds are invested. READ MORE

By John Iekel3/25/2015 • 0 Comments

Oregon has joined the states that are weighing the establishment of a state retirement plan to cover private-sector employees whose employers do not offer a retirement plan. READ MORE

By NTSA Net Staff3/20/2015 • 0 Comments

The New Jersey General Assembly and Senate are considering the New Jersey Secure Choice Savings Program Act, which would require certain private-sector employers with at least 25 employees to offer a retirement plan to them. READ MORE

By NTSA Net Staff3/20/2015 • 0 Comments

A measure that would reform the California Public Employees’ Retirement System (CalPERS), which serves the retirement funds of more than 3,000 California government employers, may be on the 2016 ballot in the Golden State.
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By John Iekel3/12/2015 • 0 Comments

Most states are making a good faith effort to meet their annual required contributions to their state pension systems, concludes the National Association of State Retirement in a recent study.
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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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