New research finds that households with a public-sector defined contribution (DC) plan who have a primary defined benefit (DB) plan feel more comfortable spending than those without a primary DB plan... Read More
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Public Sector Plans
BY Ted Godbout | 9/22/2022
BY Retirement Learning Center | 7/28/2022
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and... Read More
BY Ted Godbout | 2/28/2021
The House of Representatives in the early hours of the past weekend approved a nearly $2 trillion COVID-stimulus bill, including a freeze to retirement plan contribution limits.
The Butch... Read More
BY John Iekel | 9/10/2018
The Keystone State’s two largest public pension systems — the Public Employees’ Retirement System (PERS) and the School Employees’ Retirement System (SERS) — are under scrutiny concerning their... Read More
BY John Iekel | 6/11/2018
The Oregon State Treasury has announced that it is delaying the implementation of a new state law that allows members of the Oregon Public Employees Retirement System (PERS) to exercise some choice... Read More
BY NAPA Net Staff | 8/25/2016
A new report finds a nice improvement in public pension plan funding in fiscal 2014 – but cautions that things may have slipped since. The report, by the Pew Charitable Trusts, notes that in fiscal... Read More
BY Fred Barstein | 4/21/2016
At a recent TPSU program, half the room was filled with plan sponsors from municipalities and government entities – people who had the same issues as their 401(k) and 403(b) brethren, and blended in... Read More
BY NAPA Net Staff | 2/29/2016
The U.S. Supreme Court on Feb. 29 allowed cuts to remain in place that the administration of Gov. Chris Christie (R) made to the state’s public employee pension system.According to the Associated... Read More
BY NAPA Net Staff | 2/19/2016
Arizona Gov. Doug Ducey (R) on Feb. 16 signed a reform of the Arizona Public Safety Personnel Retirement System (PSPRS) — the state pension system that serves state police and firefighters. The... Read More
BY Nevin E. Adams, JD | 1/5/2016
New Year’s is generally a time for fresh starts and new ideas — but that didn’t dissuade Prof. Teresa Ghilarducci from repackaging some old ideas — and some questionable math — in a recent New York... Read More
BY John Iekel | 10/20/2015
Like everyone else from sea to shining sea, voters in the Golden State will be helping select a new president and representatives in Congress in 2016. But they’ll have more than that to consider —... Read More
BY NAPA Net Staff | 7/14/2015
President Obama on July 13 called on the Department of Labor (DOL) to “provide a clear path forward for the states to create retirement savings programs.” He made his remarks at the 2015 White House... Read More
BY NAPA Net Staff | 5/22/2015
The federal government’s $454 billion Thrift Savings Plan is considering a plan to transform itself over the next five years, including the addition of “consultive” services.According to a report in... Read More
BY John Iekel | 2/20/2015
Presenting a budget he said was “honest with the people of Illinois,” new Illinois Gov. Bruce Rauner (R) has proposed massive cuts to balance the state’s budget, with state pension... Read More
BY NAPA Net Staff | 1/20/2015
Overall, 75% of the states have passing grades regarding their public pension plans. But that bit of fairly good news is not the whole story. The Urban Institute’s latest rating of public... Read More
BY John Iekel | 12/16/2014
It’s no secret that state pension plans are beset by obligations beyond their ability to fulfill them. A new study by State Budget Solutions (SBS) is the latest to outline how serious this... Read More
BY John Iekel | 12/11/2014
On Dec. 10, Michigan Gov. Rick Snyder (R) announced that beleaguered Detroit is emerging from bankruptcy. This came two days after Detroit Emergency Manager Kevyn Orr issued his final order.Orr... Read More
BY John Iekel | 11/29/2014
Two of the states beset by the most intractable state pension problems have hit roadblocks in their efforts to address those issues. A circuit court judge has declared the law enacted in Illinois to... Read More
BY John Iekel | 11/12/2014
Major cities in disparate corners of America provide a fresh — and stark — illustration of how widespread public pension funding shortfalls are. Pittsburgh and Phoenix, cities that could... Read More
BY Fred Barstein | 11/10/2014
There's a light at the end of the tunnel for Detroit, its citizens and its pensioners — and it’s not the oncoming train many had expected. Bankruptcy Judge Steven Rhodes approved a... Read More
BY NAPA Net Staff | 10/31/2014
More than two and a half years after the city of Stockton, Calif. declared insolvency, Chief United States Bankruptcy Judge Christopher Klein has confirmed the city’s proposal for exiting... Read More
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