Not exact matches
Trotsky said the pension has about 10 percent of its money in PE —
around the national average for large
public retirement funds — and has no plans to change that.
The
public outcry
around 401 (k) savings generated during the tax - reform debate last year showed Congress that
retirement is an important issue to Americans, said Brian Graff, NAPA's executive director.
Reed: The initiative would put language into the California Constitution that does two things: protects the benefits
public employees have earned, as they're earned; and, two, allow elected officials
around the state — the cities being the most important to me, but the state of California as well — to negotiate changes to bring down the costs of
retirement benefits by making changes to benefits that would be earned in the future under future contracts for future years of service.
Like many states
around the country, Nevada's
public retirement plan also creates external fiscal constraints on school districts» budgets, and the ESA program could potentially loosen those constraints.
The effect would be to shrink the amount that districts get from the Local Control Funding Formula while sending a clear message to temper the
public's and staff's expectations: There'd be more money to go
around, were it not for escalating
retirement expenses.