
Pensions
Public Pensions Increasingly Rely on Investment Earnings
NCPERS study finds public retirement systems derive 71% of revenue from investment returns.
Citing under-representation in the current KRS board, the system puts forth legislation to establish its own panel.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Audit reveals a lack of internal controls may have misappropriated funds within the retirement system.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.