NCPERS News Clips

May 31, 2011

News Clips for May 31, 2011

U.S. News

• Manhattan Moment: Pension debate postmortem
  On Monday, Economics 21 and the Manhattan Institute hosted a debate on pension accounting and reform, at which I was one of the panelists. The discussion was wide-ranging, but most of the debate boiled down to a key question: Does the government have a special advantage in bearing investment risk, thus justifying the use of defined-benefit pensions?
• How Bad Is the Pension Problem?
  Despite negative media attention, most public pensions are stable
• ATLANTA PENSION PLAN; Political pressure rising Mayor gets pushback
  Reed's reform deadline gets council pushback. Police, fire unions set to oppose any changes; city faces financial worries.
• Future shock for some Alabama pension plans, but many are on solid ground
  Anniston police and firefighters' pension fund could be flat broke by 2025. The city of Prichard filed for bankruptcy and stopped monthly checks to almost 150 retirees in October 2009.
• How state pension funds affect the rest of the state and government
  Many state budgets are in trouble, and pension funds could be taking a hit. We consider the impact.
• Minneapolis-state pension merger could get 2nd chance
  Officials hope to salvage the plan for Minneapolis by getting a spot for it on a special session agenda.

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