House committee advances bills to let state agencies accept cryptocurrency and to let retirement funds invest in digital assets The House Ways and Means Committee returned two related bills — one allowing agencies to accept virtual-currency payments and another permitting state retirement funds to invest in digital assets up to a set cap — and advanced a related concurrent resolution encouraging retirement systems to study digital-asset ETFs.

Arizona's House committee is set to explore the future of cryptocurrency by allowing state agencies to accept digital payments and retirement funds to invest in virtual currencies—without any mandates!

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#AZ #CivicAccountability #CitizenPortal #PublicPensionReform

GERS trustees hear $112 million funding shortfall, approve monthly treasury and investment reports At the Oct. 23 meeting of the Government Employees Retirement System Board of Trustees, CEO Chelsea Dawson told trustees the plan faces an approximate $112 million shortfall; trustees approved the monthly treasury and investment reports and moved a bill to executive session.

The Government Employees Retirement System is grappling with a staggering $112 million funding shortfall, raising serious concerns about its future viability.

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#US #CitizenPortal #InvestmentPerformance #PublicPensionReform #FinancialTransparency

Massachusetts lawmakers propose cost of living adjustments for state and teacher retirees House Bill 2794 seeks adjustments for state and teacher retirees' cost of living.

Massachusetts lawmakers are stepping up to ensure state and teacher retirees can keep up with the rising cost of living through House Bill 2794!

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#MA #CitizenPortal #PublicPensionReform #CostOfLivingAdjustments #EconomicSecurity

Wyoming Senate amends retirement board investment trustee regulations Senate revises duties for retirement board on investment trustee responsibilities and guidelines

Wyoming's Senate Bill 191 could revolutionize the state's retirement system, but will its new investment powers safeguard or jeopardize retirees' futures?

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#WY #FinancialAccountability #PublicPensionReform #RetirementSecurity #CitizenPortal

Assembly Member Stefani introduces AB 569 to amend pension benefit regulations Stefani's AB 569 allows bargaining for supplemental retirement benefits in California.

California's Assembly Bill 569 could revolutionize public employee retirement benefits by allowing negotiations for supplemental plans, sparking a critical debate about equity and sustainability in pensions.

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#CA #PublicPensionReform #RetirementSecurity #CitizenPortal