Interim MPERS director Tyler Cummings reports $25.6 billion in assets, announces resignation Tyler Cummings presented the MPERS 2026 annual report to the Retirement Systems Committee, saying MPERS manages roughly $25.6 billion for nearly 181,000 members, distributes about $1.4 billion in benefits (88% of which remain in Nebraska), and that he will resign effective April 5 to take a role with the Lincoln Police and Fire Pension Plan.

Tyler Cummings revealed that Nebraska's retirement system is managing a staggering $25.6 billion and announced his upcoming resignation—what does this mean for the future of MPERS?

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#NE #CitizenPortal #PublicPension #EconomicContribution

PERS committee approves ORP and MDC plan‑document updates The investment committee approved updated ORP and MDC plan documents to reflect statutory employer contribution changes and to add Roth catch‑up language to MDC should pending legislation pass; votes were taken by voice and recorded as carried.

Mississippi's Public Employees Retirement System just approved crucial updates to retirement plans that could reshape contributions and options for participants!

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#MS #CitizenPortal #LegislativeUpdates #FinancialSecurity #MississippiRetirement #PublicPension

WSIB approves up to $100 million commitment to Public Pension Capital fund The board approved a motion to invest up to $100 million (plus fees) in an open‑ended fund managed by Public Pension Capital LLC, subject to continuing due diligence and final negotiation of terms.

Washington State Investment Board takes a bold step by approving a historic $100 million investment in a private fund targeting North America's service businesses!

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#WA #FinancialStrategy #CitizenPortal #LongTermValue #PublicPension

Committee advances Senate Bill 435 to change KPERS procedures The Senate Committee on Financial Institutions and Insurance advanced Senate Bill 435, which would amend KPERS statutes on vice‑chair election procedure and contribution-rate treatment for affiliating employers and repeal obsolete 'working after retirement' rules.

The Senate Committee just advanced a pivotal bill that could reshape KPERS procedures, from internal vice-chair elections to new contribution rate rules for employers!

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#KS #LegislativeReform #CitizenPortal #KansasKPERS #FinancialAccountability #PublicPension

Public hearing held on pairing district attorneys' retirement with judges; supporters and RSA raise concerns about salary averaging House Bill 312 would raise district attorneys' benefit multiplier from 3% to 4% while lowering the maximum benefit from 80% to 75 to match judges. Supporters said the change is necessary to attract quality candidates; the RSA did not oppose the multiplier but objected to changing the final average salary calculation from a five-year to a one-year average, warning it could increase unfunded liabilities by about $2 million and raise employer contribution rates.

A pivotal public hearing on House Bill 312 is underway, proposing a significant shift in district attorneys' retirement benefits to match judges, but concerns about funding and salary calculations loom large.

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#AL #RetirementReform #PublicPension

Board raises OPEB discount rate to 6.25% and adopts updated health‑care trend assumptions Trustees voted unanimously to raise the OPEB discount rate from 6.0% to 6.25% and approved updated short‑term health‑care trend assumptions after hearing an actuary’s recommendation and public comment arguing for both more and less conservative choices.

The San Jose Retirement Board has made a pivotal decision to raise the OPEB discount rate to 6.25%, igniting a debate on the future of retiree healthcare costs.

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#SanJoseSantaClaraCounty #CA #SanJoseRetirement #CitizenPortal #PublicPension

Council approves first reading of TMRS updated service‑credit changes over split vote Council approved on first reading ordinances to adopt TMRS updated service-credit (COLA) measures and temporarily raise the city's contribution to catch up on liabilities; staff said the one‑time/annual obligation could raise next fiscal-year costs by roughly $1.4M and an actuarial projection cited an unfunded gap around $4M depending on future use

Manvel's City Council has made a pivotal decision to boost retirement benefits, but a split vote raises questions about the financial impact on taxpayers.

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#ManvelBrazoriaCounty #TX #CitizenPortal #PublicPension #EmployeeBenefits #FiscalResponsibility #ManvelCityCouncil

CalPERS subcommittee recommends contract with Global Governance Advisors after finalist interviews After interviews with three finalists for an executive and investment compensation consulting contract, the CalPERS subcommittee recommended awarding the contract to Global Governance Advisors LLC. The decision combined preliminary proposal scores with interview scores; staff will begin negotiations subject to conflict checks and final requirements

In a pivotal move, the CalPERS subcommittee has recommended Global Governance Advisors LLC for an executive compensation consulting contract after intense finalist interviews.

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#CA #CitizenPortal #CompensationPolicy #PublicPension

PERS board adopts Tier 5 regulation changes, investment policies and approves Tupelo COLA and other actions The Public Employees Retirement System of Mississippi board approved Tier 5 regulation amendments and several investment policy updates, cleared a legislative request package, approved an ad hoc cost-of-living adjustment for Tupelo and signed off on routine reports during its October meeting.

The Mississippi PERS board just made significant moves by adopting new Tier 5 regulations and approving a cost-of-living adjustment for Tupelo—what does this mean for your retirement?

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#MS #CitizenPortal #InvestmentPolicy #PublicPension #MississippiPERS #CostOfLiving

KPERS reports strong investment returns; board uses new alternatives cap to diversify private markets KPERS staff reported fiscal‑year returns above the actuarial assumption and described an approved plan to increase private‑markets exposure under a statutory alternatives cap increase from 15% to 25%, with implementation paced over the next several years.

KPERS achieved an impressive 10.3% return this fiscal year and is set to diversify its portfolio with a new cap on private market investments—what does this mean for future growth?

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#KS #CitizenPortal #InvestmentStrategy #PublicPension #KansasPrivateMarkets

Beaumont Officials Update Fireman's Relief Retirement Fund Progress Luke Skelton reports on slow progress of Beaumont Fireman's Relief Retirement Fund.

Beaumont's Fireman's Relief Retirement Fund is making strides, but the journey to financial stability is slower than expected—what does this mean for our brave firefighters?

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#TX #CitizenPortal #PublicPension #CivicAccountability #FinancialStability #BeaumontFirefighters

TRS reports $1.25B asset growth in retirement annuity trust for 2025 TRS announces significant asset increases in retirement and health insurance trusts for 2025.

Kentucky's Teachers' Retirement System just reported a staggering $1.25 billion growth in assets, showcasing a promising future for educators and retirees alike!

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#KY #FinancialGrowth #PublicPension #CitizenPortal #EducationBenefits

Senate Bill 9 introduces new sick leave reporting for Texas school districts Senate Bill 9 requires Texas school districts to report sick leave policies to TRS annually.

Kentucky's new pension reforms promise to reshape the future for retired teachers, ensuring greater accountability and financial stability in their benefits.

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#KY #EducationReform #PublicPension #FiscalResponsibility #CitizenPortal

Oregon Investment Council debates House Bill 2200 on climate-focused pension investments Council members express concerns over Bill 2200 prioritizing climate risk in pension investment strategy.

Oregon's House Committee is at a crossroads as they debate House Bill 2200, which could reshape pension investments by prioritizing climate risk over traditional fiduciary duties.

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#OR #PublicPension #FiduciaryResponsibility #ClimateRisk

Arkansas General Assembly updates Teacher Retirement System Act with emergency provisions Arkansas declares emergency to revise Teacher Retirement System Act by July 1, 2025.

Arkansas is taking urgent action to overhaul its Teacher Retirement System, with House Bill 1156 aiming for vital updates by July 2025!

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#AR #PublicPension #CitizenPortal #LegislativeReform #EducatorBenefits

Oregon amends pension rules for public employees and school staff Oregon updates pension regulations to clarify retirement credit accrual for employees

Oregon's Senate Bill 851 could revolutionize retirement benefits for public school employees, but will it come at a cost to the state's finances?

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#OR #PublicPension #CivicAccountability