Archive August 2020
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Biden Unity Task Force Plan Underscores Retirement Priorities
Vice President Joe Biden, the presumptive Democratic presidential nominee, developed the “Unity Task Force” recommendations in consultation with Sen. Bernie Sanders (I-Vermont) as well as current and former lawmakers. The involvement of Sanders, a former presidential candidate, is a bid to engage and build support among the liberal wing of the Democratic Party by devising a progressive agenda to be pursued by a possible Biden Administration.
California Supreme Court Does NOT Overturn California Rule
The California Supreme Court on July 30 unanimously issued a narrow ruling limiting the types of compensation that may be counted in pension calculations, but declined to overturn the California Rule, a set of legal precedents dating back to at least 1955 that protects pensions under the contract clause of the state’s constitution.
Ohio, COVID-19, and the Koch Family
Several groups backed by the powerful Koch family are working to block efforts to shore up Ohio cities that have been severely impacted by the Covid-19 pandemic.
Summer Message from the President
August 11, 2020
During these extraordinary times, when we can no longer operate business as usual, NCPERS needs to find new ways to provide valuable education to the public pension community. That’s why NCPERS has decided to host our first virtual Public Pension Funding Forum, and we have decided to create the virtual NCPERS Financial, Actuarial, Legislative & Legal (FALL) Conference.
NCPERS and NAIC Announce Partnership to Connect Leading Institutional Investors with Top Investment Talent
August 5, 2020
The National Conference on Public Employee Retirement Systems (NCPERS), the premier trade association for public sector pension funds, which represents approximately 500 public plans and over in institutional assets, and The National Association of Investment Companies (NAIC), the industry association and largest network of diverse-owned private equity firms and hedge funds, jointly announced today that they have signed a Memorandum of Understanding (MOU) to collaborate on a broad range of initiatives to drive positive, transformative change in the institutional investment industry.
NCPERS Responds to "Can States Afford Rising Public Pension Debt"
Andrew Biggs is cherry-picking his facts once again. In his latest column (“Can States Afford Rising Public Pension Debt,” July 28, 2020), he glosses over the fact that NCPERS acknowledges that pension liabilities as a share of gross domestic product have indeed been trending upward.