Atherton finance committee hears CalPERS outlook; $3 million prepayment shortens full-funding timeline TrueComp consultant Ira Summer told the Atherton Finance Committee that recent strong CalPERS returns and the town's $3 million discretionary payment to the safety plan materially improve projected funded status and could accelerate 100% funding by roughly two to three years in modeled scenarios.

Atherton's Finance Committee just learned how a $3 million prepayment could significantly accelerate the town's path to fully funding their pension plans by two to three years!

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#CA #BudgetPlanning #PublicPensions #CitizenPortal #FinancialTransparency

The answer, my friend is…

#NordicModel
#Democracy
#Regulations
#PublicEducation
#Unions
#LivingWage
#M4A
#ProgressiveTax
#PublicPensions
#PublicGoods
#SafetyNets

Bob Dylan & me.

Chuck Kopp: We built the pipeline. We can build stability. www.adn.com/opinions/202... #AlaskaSky #publicpensions

Other People's Money: Political Embeddedness on Pension Boards, Alternative Assets and Investment Fees State-administered pension plans report paying roughly $20 billion each year in fees to external asset managers, much of it for high-cost, high-risk “alternative” assets such as private equity and he...

Finally made it to publication doi.org/10.1111/pbaf... (Open Access)

#publicbudgetingandfinance #Publicpensions

Senate committee advances bill letting ARM board set employer pension rates; municipalities warn of cost shift The Senate Labor and Commerce Committee voted Feb. 9 to report Senate Bill 81, which would let the Alaska Retirement Management (ARM) Board set annual employer contribution rates for PERS and thereby create a broad exception to the statutory 22% cap; witnesses and members warned the change could shift costs to local governments.

The controversial Senate Bill 81 could lift the 22% cap on employer contributions for public pensions, prompting fears of financial strain on local governments.

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#AK #PublicPensions #CitizenPortal #AlaskaMunicipalities #LocalGovernment #FiscalResponsibility

#NordicModel

#HighRegulations
#ProgressiveTax
#Unions
#RaiseLowWages
#PublicGoods
#SafetyNets
#PublicEducation
#CheapHousing
#M4A
#PublicChildcare
#PublicPensions

Within a more ideal “free market” economy where rules are for all (labor, consumer, citizen & employer) not just the rich.

Office of the State Actuary: LEOFF Plan 2 posts $22 billion in assets; projections show short-term funded status gains Mitch DeCamp of the Office of the State Actuary reported the 2024 valuation for the Law Enforcement Officers' and Fire Fighters' Plan 2 (LEOFF Plan 2). Market returns exceeded assumptions, actuary recognized past deferred gains, participant data showed higher-than-expected salary growth and retirements, and projections (including a strong 2025 gain

The Law Enforcement Officers' and Fire Fighters' Plan 2 is seeing a promising boost with $22 billion in assets and projections of rising funded status—are you ready to find out what this means for the future?

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#WA #CitizenPortal #PublicPensions #EconomicAssumptions

Massachusetts bill transitions Turnpike Authority employees to State Retirement System Legislation dissolves Turnpike Authority retirement plan, integrating members into state system

Massachusetts just passed a groundbreaking bill that dissolves the Turnpike Authority's retirement plan, merging its employees into the state system for a brighter financial future!

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#MA #CitizenPortal #PublicPensions #EmployeeBenefits #GovernmentReform

Private Equity — Oregon Journalism Project

Oregonians, listen up: here’s a big reason why cuts are coming to staff at many Oregon schools. The PERS investment mess, from the Oregon Journalism Project: www.oregonjournalismproject.org/private-equity #investments #publicpensions #pers #stateoforegon

Now Available: The Politics of Public Pensions: Parties, State Governments, and Unions, by Carolyn Abott. Includes the book's cover and a blurb by Vladimir Kogan. Save 20% with code CUP20SM at cup.columbia.edu.

Now available! THE POLITICS OF PUBLIC PENSIONS examines the historical development of public sector pensions, emphasizing the sociopolitical factors that have shaped their evolution and the ongoing debates about their sustainability. buff.ly/XrVeWCI #PublicPensions #WorkersRights

The Public Plans Database has been updated to include the current data for plans that have released reports by 3/31/25. Also, the PPD now covers all major state-administered plans in each state. bit.ly/2I4BXgX

#PublicPensions #EconSky

Legislature amends Chapter 29 to address climate risk investments in pension funds Bill section confirms climate risk investment criteria for public pension fund holdings

Massachusetts just took a bold step by amending legislation to ensure public pension funds consider climate risk in their investments!

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#MA #CitizenPortal #InvestmentCriteria #PublicPensions

Massachusetts House bill proposes retirement allowance increase for option B and C retirees House measure increases retirement allowances for certain public employee retirees by specified percentages

Massachusetts is taking a significant step to enhance the financial security of its public employee retirees with a proposed increase in retirement allowances!

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#MA #CitizenPortal #PublicPensions #RetirementSecurity #EmployeeBenefits

Maryland Retirement Appoints New (And Familiar) Acting CIO Meet Maryland retirement’s new acting chief investment officer — same as the old acting chief investment officer.The Maryland State Retirement and Pension System has once again named its deputy invest...

Maryland State Retirement and Pension System appoints a familiar face as acting CIO, signaling continuity in leadership during a key transitional period. #PublicPensions #LeadershipChange #InstitutionalInvesting

www.institutionalinvestor.com/article/mary...

More State Pension Plans Target Smaller, Direct Infrastructure Deals in ‘Their Own Backyards’ With capital increasingly scarce and institutions paring down the number of GPs on their rosters, managers are courting state pensions by offering “fund of one” deals to target smaller, local investme...

With volatility mounting, several state pension plans are partnering on smaller, direct infrastructure investments in their own regions—targeting energy, digital, and transport assets for better alignment and control.
#PublicPensions #Infrastructure

www.institutionalinvestor.com/article/more...

Westland Wilsonville faces budget challenges amid high local tax and PERS liabilities Board discusses local operations levy impact and pension system changes for Westland Wilsonville.

The Parkrose School District is grappling with significant funding challenges that could impact student resources and extracurriculars, raising concerns about future ballot measures amidst local tax disparities.

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#OR #PublicPensions #EducationFunding #CommunityResources

#TradeUnionsBuiltNorthAmerica #LabourUnions #5DayWorkWeek #8HourWorkDay #PaidOvertime #FairWages #JobSecurity #JobBenefits #PaidTimeOff #UnemploymentInsurance #EndingChildLabour #JobSafety #PaidSickDays #MinimumWage #PowerInNumbers #WorkersCompensation #PublicPensions #CollectiveBargainingPower

Pension Forfeiture Rules Tightened for Members Convicted of Serious Crimes Board enforces strict penalties on retirement allowances for convicted members with ten years service.

Massachusetts is taking a bold step to hold public employees accountable by introducing House Bill 28, which could drastically cut retirement benefits for those convicted of serious crimes.

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#MA #AccountabilityReform #CitizenPortal #PublicPensions #CriminalJustice

City updates pension plan for fire department employees and beneficiaries City establishes new pension contributions and benefits for fire department members hired after 1967

House Bill 31 is set to reshape the pension landscape for Louisiana's firefighters, promising better benefits and financial stability, but sparking a heated debate over its impact on the city’s budget.

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#LA #PublicPensions #LouisianaFireDepartment #EmployeeBenefits #CitizenPortal

Join us on Tuesday, February 25th at 3:00 PM EST for a virtual event on State Pension Power: How State Policymakers Are Deploying It to Grow a Strong Economy.

Register now and be part of this important conversation!
us06web.zoom.us/webinar/regi...

#PublicPensions #EconomicSecurity

West Virginia achieves early full funding for public employees retirement system by 2024 West Virginia's public employees retirement system reaches 101.9% funding ten years ahead of schedule.

West Virginia has made headlines by fully funding its Public Employees Retirement System a decade early, setting a new standard for pension management!

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#WV #WestVirginiaPensions #FinancialSecurity #PublicPensions #RetirementReform #CitizenPortal

Georgia Teachers Retirement System leads nation in investment returns amid market volatility Georgia pension systems outperform national averages due to strategic asset allocation and favorable market conditions.

Georgia's retirement systems are navigating turbulent waters after a crucial rate cut, raising eyebrows and financial stakes for 11 million contributors.

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#GA #InvestmentStrategy #PublicPensions #GeorgiaRetirement #CitizenPortal #FinancialStability

Real Estate Drags on Public Pensions MPI found a negative correlation between the size of a plan’s real estate allocation and its performance: “The more they had the worse they did.”

🏢 Real estate is weighing on public pensions, creating new challenges for portfolio strategies. Dive into James Comtois's analysis of this pressing issue. 📉 #RealEstate #PublicPensions #InvestmentTrends