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Tax Information for Members of the Military
Source: IRS

This page provides tax information for current and former military personnel who served in the United States armed forces, uniform services, and under limited circumstances, support organizations.

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Curious Behaviors That Can Ruin Your Retirement
Source: Center for Retirement Research

Curious Behaviors That Can Ruin Your Retirement is an interactive program on behavioral impediments to retirement planning. A host leads users through exercises designed to create an “Aha!” moment as they relate to the behaviors. The host then explains how the behavior can hinder retirement planning and how to cope with it. Users can then go to a “Learn More” page with additional information in various media formats.

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Understanding the Cyber Threat
Source: AT&T & NCSA

 

AT&T and the National Cyber Security Alliance are leading a long-term strategy to increase cybersecurity awareness among elected officials. As part of that effort, we commissioned the Governing Institute—an organization that helps public sector leaders govern more effectively through research, decision support and executive education—to survey 103 state legislators and their staff to understand how lawmakers view their role in this critical issue. The results, published at www.governing.com/cyberfindings, show that awareness is growing. A vast majority of respondents said protecting state computer networks is a priority. But the findings also indicate awareness isn’t necessarily turning into action, at least not yet.

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State and Local Pension Plan Funding Sputters in FY 2016
Source: Center for Retirement Research

The brief’s key findings are:

  • In 2016, the funded ratio of state and local pensions declined under both old and new accounting rules.
  • This decline reflected steady growth in liabilities and slow growth in assets due to poor stock performance.
  • More recently, the revival of the stock market is helping plan assets recover, with funded ratios expected to improve in 2017.
  • But, looking further ahead, funding ratios are projected to remain essentially flat due largely to the current approach of calculating required contributions.
  • Thus, to achieve more meaningful progress, plans need to establish contribution levels that will actually reduce unfunded liabilities.

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2017 Mid-Year Federal & State Pension Legislation Update Webcast
Source: YouTube

 

On Tuesday, July 11, 2017, Hank Kim, executive director of NCPERS, Bailey Childers, executive director of the National Public Pension Coalition (NPPC), and Anthony Roda, partner at Williams & Jensen, discussed state and federal legislation impacting public pensions.

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Corporate Employers Flee Pensions With Gap Topping $375 Billion
Source: Bloomberg BusinessWeek

The vast majority of S&P 500 companies don’t have enough money set aside to meet all their obligations to current and future retirees. There’s a total gap of at least $375 billion for the 200 largest plans. This is how they got here.

1975 to 1999

Assets in U.S. pension plans go from $186 billion to more than $2 trillion. A booming stock market helps the funds grow, since many are largely invested in equities.

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