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Pensions

Senate passes new approach to pension obligation

The Anchorage Daily News | April 21, 2014

The Alaska Senate unanimously passed legislation setting out a new approach for addressing the state's pension obligation Saturday, less than three hours after the plan emerged from the Senate Finance Committee.

House Approves $3 Billion Transfer To Pension System

Alaska Public Radio | April 18, 2014

The bill uses $3 billion from the state's reserve funds to help pay off the $12 billion unfunded liability. It also directs the Legislature to put $500 million into the retirement system every year, until the obligation is paid off.

Nation's Seventh Largest State Pension Can't Afford Financial Audit

Forbes | April 17, 2014

It's hard to believe that there are no audited financial statements for the North Carolina state pension, the seventh largest public fund in the nation with $87 billion in assets.

Christie 'will force' legislators to address state pensions

BenefitsPro | April 17, 2014

New Jersey Governor Chris Christie told a town hall meeting that the state's public pension system is unsustainable and that he plans to force legislators to tackle the issue during his last term.

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The Williams Report Launches

SBS President Bob Williams compiles the recent developments in state budgets and pensions on a weekly basis.  SBS has now combined those three updates into The Williams Report, a comprehensive overview of the latest headlines and information from all 50 states.

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