News

Employee Contributions to Public Pension Plans
Source: NASRA

Unlike in the private sector, nearly all employees of state and local government are required to share in the
cost of their retirement benefit. Employee contributions typically are set as a percentage of salary by
statute or by the retirement board. Although investment earnings and employer contributions account for a
larger portion of total public pension fund revenues (see Figure 1), by providing a consistent and predictable
stream of revenue to public pension funds, contributions from employees fill a vital role in financing
pension benefits.i Reforms made in the wake of the 2008-09 market decline included higher employee
contribution rates in many states. This issue brief examines employee contribution plan designs, policies
and recent trends.

Full Article

 


 

Read more

Certified Trustee Program 18-3 – Registration Now Open
Source: IPPFA

Certified Trustee Program 18-3 is being held at NIU Campus in Hoffman Estates, IL.

For over 30 years, the IPPFA has offered public pension trustees the best and latest in trustee training education, striving to offer the best available training. Please join us for sessions in ethics, investment procedures, fiduciary responsibilities, and legal and legislative updates, all presented by nationally renowned speakers.

Register NOW

Read more

Certified Trustee Program 18-2 – Registration Now Open
Source: IPPFA

Certified Trustee Program 18-2 is being held at Embassy Suites East Peoria, Hoffman Estates, Illinois starting April 30, 2018.

For over 30 years, the IPPFA has offered public pension trustees the best and latest in trustee training education, striving to offer the best available training. Please join us for sessions in ethics, investment procedures, fiduciary responsibilities, and legal and legislative updates, all presented by nationally renowned speakers.

Register NOW

Read more

Welcome Taylorville Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Taylorville Fire Pension Fund to IPPFA.

 

Read more

Certified Trustee Program 18-1 – Registration Now Open
Source: IPPFA

Certified Trustee Program 18-1 is being held at NIU Campus, Hoffman Estates, Illinois starting January 11, 2018.

For over 30 years, the IPPFA has offered public pension trustees the best and latest in trustee training education, striving to offer the best available training. Please join us for sessions in ethics, investment procedures, fiduciary responsibilities, and legal and legislative updates, all presented by nationally renowned speakers.

Register NOW

Read more

Getting More from Less in Defined Benefit Plans: Three Levers for a Low-Return World
Source: Pension Research Council

 

As global interest rates hover near historic lows, defined benefit pension plan sponsors must grapple with the prospect of lower investment returns. This paper examines three levers that can enhance portfolio outcomes in a low-return world. The levers include: increased contributions; reduced investment costs; and increased portfolio risk. We use portfolio simulations based on a stochastic asset class forecasting model to evaluate each lever according to two criteria—its magnitude of impact and the certainty that this impact will be realized. Our analysis indicates that increased contributions have the greatest and most certain impact. Reduced costs have a more modest, but equally certain impact. Increased risk can deliver a significant impact, but with the least certainty.

Full Article

 


 

Read more

Moving? Check the State Taxes First
Source: Center for Retirement Research

New Jersey’s retirement income exclusion for couples leaped from $20,000 to $100,000 in 2016.  Minnesota and South Carolina now have income tax deductions for retired military. And Rhode Island started exempting the first $15,000 of retirees’ income from the state’s income tax.

State taxes are one piece of the financial puzzle to consider when retirees – or Millennials – are thinking about moving to reduce their living costs, find a job or friendlier climate, or be close to the grandchildren.

Full Article

 


 

Read more

Welcome Dolton Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Dolton Fire Pension Fund to IPPFA.

 

Read more

Welcome Collinsville Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Collinsville Fire Pension Fund to IPPFA.

 

Read more

What’s Happening to U.S. Mortality Rates?
Source: Center for Retirement Research

The brief’s key findings are:

  • Mortality rates, which determine life expectancy, are a key factor in cost projections for the Social Security program.
  • Mortality rates consistently improve over time, but the pace of progress varies by year, by age, and by socioeconomic status.
  • Over the past 40 years, progress has been driven by medical advances, better access to health care, and a decline in smoking, partly offset by rising obesity.
  • Looking to the future, mortality improvements will continue to depend on the same drivers, but the net effects could play out differently.
  • The key debate is whether the future will mirror the past, with average rates of improvement of about 1 percent, or whether the pace of progress will slow.

Full Article

 


 

Read more
Top