News Now

Headline: State Public Retirement Systems Fact Sheets
Publication: National Institute on Retirement Security

In partnership with AARP and National Retired Teachers Association, the National Institute on Retirement Security has developed a series of state-by-state infographic fact sheets regarding the public employee and teacher retirement systems across the country. These fact sheets present a snapshot of these retirement systems along with key data from NIRS research and other sources. To access the fact sheets, visit https://www.nirsonline.org/resources/nirs-fact-sheets/.

Headline: San Diego [City] officials divided over accelerating pension debt payoff
Publication: San Diego Union Tribune
Article Date: Sep 17, 2018

Proposals to accelerate paying off San Diego [City’s] pension debt of $2.76 billion are sharply dividing the city’s pension board, which decided on Friday [September 14] to delay any decisions until late October or early November. Supporters say the city’s relatively strong financial position makes it possible and prudent to accelerate debt reduction by increasing the city’s annual pension payment in coming years, which would likely require budget cuts. Opponents of the idea say San Diego’s pension system already takes among the most conservative overall approaches to pension debt in the state and that policies in place are projected to reduce the debt below $1 billion by 2038. Read article…

Headline: Even people with pensions work into their retirement years
Publication: Market Watch
Article Date: Sep 14, 2018

Public sector workers may get pensions, but they retire no differently than the private sector. Read article…

Headline: SDCERA Reports Preliminary Investment Returns for Fiscal Year 2018
Publication: SDCERA
Article Date: July 2018

SDCERA reported a preliminary investment return of 7.9 percent for the fiscal year ended June 30, 2018 (FY 2018). As of June 30, 2018, SDCERA’s assets under management (AUM) were $12.3 billion, an all-time high. Read Press Release…