References in periodicals archive ?
The 2017 NCPERS Public Retirement Systems Survey, released in January 2018, "reflects how pension trustees, managers, and administrators are constantly pursuing fiscal and operational improvements," said Hank Kim, executive director and chief counsel of NCPERS.
NCPERS conducted the seventh annual study in September through December 2017 in partnership with Cobalt Community Research.
"Critics often advance the false imperative that cities and states should be able to cover their long-term pension liabilities with current revenues," NCPERs' executive director and counsel Hank Kim said in a statement.
Dismantling pensions would harm taxpayers economically, the report says, citing NCPERs' earlier research.
Partnering with Cobalt Community Research, NCPERS collected and analyzed data on funds' fiscal conditions and steps they take to ensure fiscal and operational integrity.
Critics often advance the false imperative that cities and states should be able to cover their long-term pension liabilities with current revenues, according to NCPERS. That isn't how advance funding models work, however, whether for public pensions or other long-term goals such as retirement or college savings.
NCPERS surveyed 241 state and local government pension funds with more than 12.4 million active and retired members and with assets exceeding $1.4 trillion.
The council is composed of four national associations whose members are directly involved in the administration of public employee retirement systems: the Government Finance Officers Association (GFOA), the National Association of State Retirement Administrators (NASRA), the National Conference on Public Employee Retirement Systems (NCPERS) and the National Council on Teacher Retirement (NCTR).
Acronyms browser ?
Full browser ?