Pensions
Bill Would Move New Texas State Employees to 401(k)-Like Plan
The proposed pension reform would affect workers hired after Sept. 1, 2022.
Tag: Bill
Newsmakers
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Pensions
Kentucky Lawmakers Override Pension Bill Veto
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
Asset Allocation
Retail Investors Aim to Spend $170 Billion in Stimulus Aid on Stocks, Survey Says
A significant chunk of the next round of stimulus checks may find its way into the equity markets.
Pensions
Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
Pensions
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
Regulation
US Bill Would Create Lost and Found for Retirement Savings
An estimated 30% of all US employees have left a retirement account at a previous employer, lawmakers say.
Alternatives
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Pensions
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Regulation
US Senators Introduce Miner Pension Rescue Bill
Bipartisan legislation aims to protect pensions for 92,000 coal miners.
Florida House Passes Retirement System Bill that Favors DC Plans
Bill proposes defined contribution plans become the new default.