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95 Matching News Items |
| 1. |
Comment Letter by National Conference on Public Employee Retirement Systems, to Moody's on Adjustments to Pension Liability and Cost Information for Credit Ratings for States and Municipalities (PDF)
National Conference on Public Employee Retirement Systems [NCPERS] 
Sept. 11, 2012
"While there is reference to 'relative' creditworthiness, rating should be based on the fiscal environment of each jurisdiction. Moody's is proposing to assess pension obligations through a comparative lens that does not adequately consider factors specific to an entity. These factors include funding policy, changes in plan design, contribution sources and/or contribution history. In addition, Moody's has indicated that the application of these adjustments will not only be used when assessing creditworthiness, but it will make the adjusted liabilities and cost for all states and localities public even when not determining credit ratings. NCPERS believes that such comparisons will lead to the release of flawed information."
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| 2. |
Statement by National Conference on Public Employee Retirement Systems on Annuities for Employee (SAFE) Retirement Act (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
July 9, 2013
"Senator Orrin Hatch's legislative proposal to turn public employee pensions over to private insurance companies is not only ill-conceived and unworkable, it completely misses the point. His legislation is nothing more than a solution in search of a problem -- and his proposal deftly directs public attention away from the real problem."
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| 3. |
Text of Statement of National Conference on Public Employee Retirement Systems on Report of the State Budget Crisis Task Force (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
July 23, 2012
"The Report of the State Budget Crisis Task Force ... correctly identified state and local governments' failure to keep up with required contributions in recent years as a primary cause of the current dilemma.... [T]he vast majority of public pension plans are solidly funded and are experiencing a robust recovery from the Great Recession. Three-, five-, 10- and 20-year investment returns are all on the rise - and long-term returns are far more indicative of a plan's health than short-term fluctuations.... Unfortunately, the real American retirement crisis was beyond the Task Force's portfolio - and it needs to take center stage in our national policy debate. The primary retirement savings vehicles for private-sector workers - defined contribution plans - are underfunded by over $8 trillion ... That means grave uncertainty for the futures of most 401(k) owners."
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| 4. |
NCPERS Responds to Editorial Attack on Public Employee Defined Benefit Plans
National Conference on Public Employee Retirement Systems [NCPERS]
Sept. 24, 2008
Excerpt: The Las Vegas Review-Journal [on September 23, 2008] wrote an editorial calling for the elimination of defined benefits for future public employees and increasing the age at which public employees may retire. To view NCPERS' response, [see http://ncpers.org/News/PageText/documents/LVRJ_Response092308.pdf].
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| 5. |
2021 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Feb. 2, 2022
40 pages. "NCPERS has collected and analyzed the most current data available on funds' fiscal condition and steps they are taking to ensure fiscal and operational integrity. [This study] includes responses from 156 state and local government pension funds with more than 17.7 million active and retired members and assets exceeding $2.6 trillion."
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| 6. |
2020 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Jan. 26, 2021
39 pages. "Reporting funds saw, on average, 1-year returns of around 8.1 percent. The 5-year average was slightly below the assumed rate of return, while the 10-year average returns outperformed the assumption. The 20-year returns fell below the assumed rate of return as the strong performance of the late 1990s began to roll off the average.... The average investment assumed rate of return for responding funds is 7.26 percent, compared with 7.24 percent last year."
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| 7. |
2011 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
June 8, 2011
The study's primary findings are strongly positive. Public pension funds are experiencing a robust recovery from the historic market downturn of 2008-2009 -- reporting strong investment returns, growing assets and funding levels on track to meet obligations.
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| 8. |
2011 NCPERS Public Retirement Systems Study Preliminary Results (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Apr. 28, 2011
Despite weak short-term investment experience in 2008 and 2009, the long-term investment discipline of fund managers has produced an average 1-year return of 13.5 percent based on most recently reported data.
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| 9. |
2017 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Feb. 1, 2018
39 pages. "The market value of fund assets now exceed the actuarial value of assets for the 2017 respondents ... [A]ll responding funds report the total cost of administering their funds and paying investment managers is 55 basis points.... [F]unds that participated in both 2016 and 2017 show a drop to 52 basis points.... The average investment assumption is 7.5 percent.... [E]mployer contribution rates have risen from 18 percent of fund income in 2016 to 22 percent of fund income."
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| 10. |
2016 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Jan. 11, 2017
39 pages. "Responding funds report the total cost of administering their funds and paying investment managers is 56 basis points ... a decrease of four basis point from 2015.... Almost 40 percent of responding funds have lowered their actuarial assumed rate of return, and nearly an additional 30 percent are considering lowering in the future.... Aggregated 10-year returns are reported at 6.2 percent.... The aggregated average funded level is 76.2, up from 74.1 in 2015 and 71.5 in 2014."
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| 11. |
2012 NCPERS Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
June 10, 2012
"[The study] includes responses from 147 state and local government pension funds with a total number of active and retired memberships surpassing 7.5 million and assets exceeding 1.2 trillion.... The study finds that public funds continue to respond to changes in the economic, political and social landscape by adopting substantial organizational and operational changes their stakeholders to ensure long-term sustainability for their stakeholders. Efforts include increasing age and service requirements, increasing member contributions, stronger operational practices and more diligent oversight."
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| 12. |
NCPERS Battles Against Privatization of Public Employee Retirement Plans
Cypen & Cypen
May 9, 2005
Excerpt: National Conference on Public Employee Retirement Systems is totally involved in the battle to stop privatization of public pension benefits by eliminating defined benefit plans and totally replacing them with defined contribution plans. NCPERS has published the following myths and facts about privatizing public employee retirement in California [in the target page][.]
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| 13. |
Best Governance Practices for Public Retirement Systems (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Apr. 25, 2012
"NCPERS encourages fiduciaries who have not done so to consider adopting the [practices in this document] with the understanding that flexibility in implementation is one hallmark of effective governance."
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| 14. |
Letter to Actuarial Standards Board from National Public Employee Pension Associations Regarding Actuarial Standards of Practice (ASOPs) (PDF)
National Association of State Retirement Administrators [NASRA]; National Conference on Public Employee Retirement Systems [NCPERS]; and National Council on Teacher Retirement
June 14, 2015
"The high profile cases of public plans facing significant financial hardships [1] are not representative of the common condition and [2] did not arrive at their current condition due to shortcomings in ASOPs. Those problems can almost totally be ascribed to plan sponsor contributions at something significantly less than the [actuarially determined contribution] over protracted periods."
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| 15. |
2019 Public Retirement Systems Study (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
Jan. 23, 2020
44 pages. "The overall average expense for all respondents to administer the funds and to pay investment manager fees is 55 basis points. This is down from 60 basis points in the prior year.... Reporting funds saw, on average, one-year returns around 4.5 percent.... The average assumed rate of return on investment for responding funds is 7.24 percent, compared with 7.34 percent last year.... About 82 percent of all responding funds are considering lowering or have lowered their assumed rate of return, and 51 percent are implementing or considering higher benefit age/service requirements."
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| 16. |
Video: National Public Pension Coalition's Briefing on America's Public Pension Systems
C-SPAN
Jan. 22, 2012
"The NPCC is comprised of the Service Employees International Union, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the American Federation of State, County & Municipal Employees (AFSCME), the American Federation of Teachers, the International Association of Fire Fighters (IAFF), the National Education Association and the National Conference on Public Employee Retirement Systems (NCPERS). The Coalition engages in state-based activities in support of public employee defined benefit pension systems."
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| 17. |
NCPERS Files Amicus Brief in Kentucky Retirement System Case
National Conference on Public Employee Retirement Systems [NCPERS]
Dec. 11, 2007
Excerpt: NCPERS, along with NASRA and NCTR, last month filed an Amicus brief in support of the Kentucky Retirement System's (KRS) Supreme Court challenge to a ruling in its case against the Equal Employment Opportunities Commission.
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| 18. |
The IRS and Normal Retirement Age for Public Employees
National Conference on Public Employee Retirement Systems [NCPERS]
Sept. 25, 2008
Excerpt: The new rules on Normal Retirement Age, currently scheduled to apply to plan years beginning on or after January 1, 2009, would require that governmental pension plans specifically define normal retirement age, or redefine normal retirement age, so that it is not based wholly or partly on years of service. Because of this new imposition on public plans, and other issues with the regulations, one of the top priorities for NCPERS is to delay the implementation of, and then seek major modifications to the Normal Retirement Age regulations.
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| 19. |
NCPERS Statement on Support for Sen. Hatch's Secure Annuities for Employee (SAFE) Retirement Act: (PDF)
National Conference on Public Employee Retirement Systems [NCPERS]
July 26, 2013
"Public pensions are not part of Detroit's problem. In fact, its public pensions are well funded -- over 96 percent for the Police & Fire plan and over 87 percent for other city employees.... Some ... would exploit Detroit's dilemma to push an ill-considered political agenda to dismantle public pensions and enrich life insurance companies. They should note that during the more than 150 years of public pension history, no public pension plan has ever asked for a federal bailout. But plenty of life insurance companies have failed[.]"
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| 20. |
The Cyber Threats for Public Employee Pension Funds
National Conference on Public Employee Retirement Systems [NCPERS]
Oct. 9, 2023
"Public employee pension funds are prime targets for cyberattacks. Very few other enterprises have the combination of large amounts of personally identifiable information (PII), lots of money and relatively small staffs.... The first thing is to accept the potential danger and to train employees as to what they can do -- and not do -- to make their systems safer. Equally, boards should be educated as to the magnitude of the threat in their systems so that they can allocate adequate resources to prevent and detect cyberattacks and to build resilience should an attack occur."
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