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Report: Public Pension Plans Consistently Meet Obligations
Headline: Report: Public Pension Plans Consistently Meet Obligations
Publication: Chief Investment Officer
Article Date: Nov 2, 2017
“Although many lawmakers bemoan pensions as the bane of state budgets for being expensive and underfunded, a new report from the National Conference on Public Employee Retirement Systems (NCPERS) found that state and local pension plans have been able to meet their obligations consistently over the past 25 years.” Continue reading…
Oregon Rolls Out State-Sponsored Retirement Savings Program for Private Sector Workers
Headline: In Oregon, You Can Now Save for Retirement. Unless You Object.
Publication: New York Times
Article Date: Nov 17, 2017
“The lack of retirement savings among Americans is almost universally bemoaned but nudging, prodding and lecturing have done little to build up nest eggs for old age. So some states say they are going to make it easier to save with a simple plan: an automatic payroll deduction for retirement savings. Oregon is the first state to roll out a plan that covers private sector workers who do not otherwise have access to a savings plan in their workplace.” Continue reading…
San Diego County pension plan gets dismissal of case by former employee against ex-OCIO
Headline: San Diego County pension plan gets dismissal of case by former employee against ex-OCIO
Publication: Pensions & Investments
Article Date: Nov 2, 2017
“San Diego County Employees Retirement Association persuaded a trial judge to dismiss a case brought in January on the pension fund’s behalf by a former SDCERA investment officer against the pension fund’s former outsourced strategist and OCIO firm and others under the state’s false claim act, said Scott L. Metzger, partner at law firm Dukor Spradling Metzger & Wynne, who represented SDCERA in the case, and Josh D. Gruenberg of law firm Gruenberg Law, who represented the plaintiff.” Read article…
CA Treasurer John Chiang urges CalSTRS to divest in sellers of banned assault weapons
Headline: California’s teachers pension fund will consider divesting from gun retailers following mass shootings
Publication: Los Angeles Times
Article Date: Nov 1, 2017
California State Treasurer John Chiang urged CalSTRS board members to divest the pension fund’s holdings in wholesale or retail sellers of military-style assault weapons, ammunition and other devices such as “bump stocks” that are banned in California. Read article…
New scam targets CalPERS retirees
Headline: New scam targets CalPERS retirees
Publication: Los Angeles Times
Article Date: Nov 2, 2017
RESDC members be aware! While this is a story is related to CalPERS members, the scammers out there may try to copycat this scam. CalPERS is warning its members to look out for a scam that tells them they owe money to the pension fund. Read article…