Americans' retirement accounts may be exposed to climate risk. We're taking Cushman & Wakefield to court to change that. Read more about our latest landmark lawsuit

Its high-time #HealthcareDivest from fossil fuels.

Because #FiduciaryResponsibility

@us.noharm.org
@nam.edu
@docsforclimate.bsky.social
@psr.org
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#FinancialRisk
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House narrowly approves measure to create invested account using pension surplus language Lawmakers approved a Senate amendment establishing an account to be invested by the State Investment Board tied to an overfunded pension plan. Supporters said it prudently uses resources to address future budget pressures; opponents warned it sets a dangerous precedent and could prompt lawsuits and harm retirees.

The House just passed a controversial bill that could reshape how we handle pension surpluses, sparking fierce debates on its risks and potential impact on retirees.

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#WA #BudgetPressures #CitizenPortal #RetirementSecurity #PensionReform

Actuaries recommend modest assumption tweaks for Omaha school retirement plan; keep 7% return, change smoothing method Actuaries for the Omaha School Employees Retirement System told the Nebraska Systems Committee they recommend retaining a 7% nominal investment return assumption, adopting a closed five‑year asset smoothing method, and a modest upward tweak to the general wage inflation assumption; they said those choices reduce reported assets by $32 million and raise the 2026 contribution rate by 0.41 percentage points.

Actuaries recommend key adjustments to the Omaha School Employees Retirement System, warning that changes could impact funding and contributions by millions!

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#NE #CitizenPortal #RetirementSecurity #OmahaSchools #EducationFinance #PublicFunding

Commissioners flag insurance and retirement costs as key FY27 budget drivers County staff told the commission that higher group health insurance costs and accelerated retirement payments are primary drivers of FY27 budget pressure; commissioners were urged to review vendor projections and contingency options before the public viewing of the proposed budget.

Norfolk County faces significant budget pressures for FY27, with soaring insurance costs and rising retirement obligations threatening financial stability.

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#NorfolkCounty #MA #HealthCareCosts #CitizenPortal #NorfolkCountyBudget #PublicFinance #RetirementSecurity

Senate committee approves bill letting districts offer Teachers Retirement to school support staff A Senate committee voted to advance SB209 (LC560619S), which lets local school boards opt to allow certain school employees to join the Teachers Retirement System; supporters said it helps low-retirement workers, while opponents warned of long-term state and local costs.

A Senate committee has advanced a bill that could transform retirement options for school support staff, raising both hopes and concerns over future costs.

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#GA #CitizenPortal #GeorgiaSchools #RetirementSecurity #LocalEconomy #EducationEquity

Senate adopts overhaul of Lehi 1 pension plan, frees surplus for other uses The state Senate passed Engrossed Second Substitute House Bill 2034 to terminate and reconstitute the Lehi 1 pension plan and allow some surplus funding to be redirected after rejecting several member-protection amendments. Lawmakers debated funding targets, local government costs and legal constraints before final passage.

The Washington Senate has just passed a controversial bill to overhaul the Lehi 1 pension plan, allowing surplus funds to be redirected despite heated debates and rejected amendments for stronger member protections.

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#WA #LegislativeReform #CitizenPortal #RetirementSecurity

CalPERS chief actuary tells lawmakers funding improved but warns market volatility could raise costs CalPERS’ chief actuary told a joint Assembly–Senate hearing that CalPERS’ funded status has strengthened in recent years but that market volatility and key assumptions — a 6.8% discount rate and a 20‑year amortization — could push up employer contribution rates if returns fall. Lawmakers pressed CalPERS on data timing, audits and AI risks.

CalPERS’ chief actuary reveals a significant improvement in funding status, but warns that market volatility could spike employer contribution rates—what does this mean for California's future?

Learn more here!

#CA #CitizenPortal #RetirementSecurity #InvestmentStability

What Canadians get wrong about workplace pension plans Many people don’t understand their pension plan’s value and fall prey to short-term thinking, a new report says

A new report from the NIA’s Pension Centre of Excellence is shedding light on a major challenge in retirement planning: many Canadians underestimate the value of their workplace pension plans.

www.theglobeandmail.com/investing/gl...

#RetirementSecurity #Pensions #Ageing #FinancialSecurity #NIA

Dwp £575 State Pension Boost for Millions Confirmed Boost your retirement security with a £575 annual State Pension hike! Confirming Labour’s Spring Statement. #StatePension #RetirementSecurity #BoostYourFuture.

Dwp £575 State Pension Boost for Millions Confirmed

Boost your retirement security with a £575 annual State Pension hike! Confirming Labour’s Spring Statement. #StatePension #RetirementSecurity #BoostYourFuture.

Committee backs bill to limit pension 'spiking,' makes change retroactive to July 2022 The House State Government Committee approved House Bill 220 to clarify pension "spiking" rules under the Kentucky Public Pension Authority and make the correction retroactive to July 1, 2022; a retired KSP captain requested an earlier retroactive date but the committee approved the bill as written, 17-0.

The Kentucky House State Government Committee has taken a crucial step to tackle pension "spiking" by approving House Bill 220, aiming to provide relief to retirees affected by recent pay raise rulings.

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#KY #CitizenPortal #RetirementSecurity #PublicPolicy

ABC 23 Bakersfield spotlights our latest research—and the warning signs for America’s retirement system. Watch: https://ow.ly/KAEQ50Yij7P

#RetirementSecurity #SocialSecurity #RetirementPolicy #EconomicSecurity

Teachers Retirement System urges full funding as House bill 500 provides major one‑time payoff but leaves biennial gaps Beau Barnes of the Teachers Retirement System told the House Budget Review Subcommittee that House Bill 500 funds a large, one‑time payment to pay down legacy unfunded liability in year one but falls short of TRS's full two‑year request, leaving an estimated $79.5 million biennial gap and smaller shortfalls in specific line items.

The Teachers Retirement System is urging lawmakers to fully fund their budget request, revealing a staggering $79.5 million gap in House Bill 500 that could impact future teacher retirement costs.

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#KY #CitizenPortal #BudgetAccountability #PensionFunding #RetirementSecurity

CalSavers staff brief Daly City Small Business Commission on state-mandated retirement program Irma Ruiz of CalSavers told the Daly City Small Business Commission that employers who report employees to EDD must register for the state retirement program, outlined enrollment rules and employer responsibilities, and described support resources and enforcement notices.

Daly City small employers are about to navigate new responsibilities with the state’s CalSavers retirement program—are you ready to ensure your employees' financial future?

Learn more here!

#DalyCitySanMateoCounty #CA #EconomicStability #CitizenPortal #RetirementSecurity #SmallBusinessSupport

A sweeping overhaul of state employee benefits is on the table, but not without a fierce debate over potential sacrifices in sick leave protections.

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#UT #CitizenPortal #WorkplaceFlexibility #EmployeeBenefits #RetirementSecurity

Senate Finance hears that Alaska pension plans remain underfunded as ARM board evaluates 15‑year amortization State officials told the Senate Finance Committee on Feb. 9 that PERS faces a $5.1 billion unfunded liability (70.3% funded) and TERS $1.6 billion (79.8% funded); projections assume a 7.25% return and a 15‑year layered amortization aiming for full funding by 2039, requiring roughly $2.5 billion in additional past‑service contributions.

Alaska's pension plans reveal staggering unfunded liabilities of over $6 billion, sparking urgent discussions on funding solutions and future projections.

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#AK #CitizenPortal #FinancialAccountability #AlaskaPensions #RetirementSecurity #PublicFunding

CalPERS executive says funded ratio rose to 83.7% and emphasizes member-first focus An unnamed CalPERS executive said the retirement system's funded ratio rose from roughly 65% in 2016 to 83.7% as of December 2025, and described cost containment and budget decisions taken to strengthen benefit security for 2.4 million members.

A CalPERS executive reveals how a member-first strategy helped boost the retirement system's funded ratio from 65% to an impressive 83.7% since 2016, prioritizing the security of 2.4 million members.

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#CA #FinancialTransparency #RetirementSecurity #MemberExperience

VRS reports stronger returns, 85% funded status and urges care on benefit changes Virginia Retirement System told a Senate subcommittee FY2025 returns were 9.9% and that the state and teacher plans are roughly 85% funded; VRS warned lawmakers to consider unfunded liabilities and implementation consequences before adopting benefit enhancements or late legislative changes to the hybrid plan.

Virginia's Retirement System is celebrating a 9.9% return and an 85% funding status, but cautioning lawmakers about significant unfunded liabilities that could affect future benefits.

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#VA #FiscalResponsibility #RetirementSecurity #VirginiaRetirement #PublicPolicy #CitizenPortal

👵🏼 IMSPARK: Retirement With Stability, Dignity, and Shared Prosperity👵🏼

#CollectiveWellbeing, #EconomicEquity, #FutureOfWork, #HumanCapital, #IMSPARK, #LifelongLearning, #PacificResilience, #retirementsecurity,

imaginepacific.substack.com/p/imspark-re...

👵🏼 IMSPARK: Retirement With Stability, Dignity, and Shared Prosperity👵🏼

#CollectiveWellbeing, #EconomicEquity, #FutureOfWork, #HumanCapital, #IMSPARK, #LifelongLearning, #PacificResilience, #retirementsecurity,

imaginepacific.substack.com/p/imspark-re...

KPERS requests continued funding for $75 million modernization as funded ratio stabilizes near 75% KPERS staff told the Committee on General Government Budget the pension system’s operations budget for FY2026–27 holds largely steady while a five-year, roughly $75 million pension administration modernization project increases near-term operating costs; the system’s funded ratio is about 75% and trustees set employer contribution rates based on annual actuarial valuations.

KPERS is on the verge of a $75 million modernization while its funded ratio reaches a promising 75%—what does this mean for Kansas's future?

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#KS #BudgetTransparency #KansasPension #RetirementSecurity #PublicFinance #CitizenPortal

House subcommittee hears industry, researchers debate lifetime-income options for 401(k) plans Witnesses and members discussed proposals for embedding lifetime-income options in defined contribution plans, tradeoffs between guarantees and fees, and the need for consumer guardrails and education; lawmakers signaled bipartisan interest but no formal action was taken.

A pivotal House hearing has sparked a critical debate on how to ensure that 401(k) plans provide not just savings, but also reliable lifetime income for retirees.

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#US #CitizenPortal #WashingtonDCLabor #RetirementSecurity #FinancialEducation #ConsumerProtection

Treasurer previews omnibus bill: unclaimed property changes, Vermont Saves funding and retirement safeguards The State Treasurer previewed an omnibus bill covering unclaimed property reforms (including insurer EOB identifiers), temporary funding for the Vermont Saves program and retirement/OPEB proposals, including a task force and requested actuarial support to manage pension/OPEB risk ahead of 2038 funding milestones.

The Vermont State Treasurer is shaking up financial management with a new omnibus bill aimed at reforming unclaimed property, funding the Vermont Saves program, and enhancing retirement safeguards.

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#VT #CommunitySavings #RetirementSecurity #VermontUnclaimedProperty

Joint Fiscal Office: Vermont pensions improving but long‑term OPEB, amortization risks remain At a Jan. 8 House Appropriations hearing, Joint Fiscal Office analyst Chris Roop told legislators that pension funded ratios have improved after Act 114, investment gains produced deferred gains, and OPEB pre‑funding shows early progress but rising health‑care costs and a 2048 amortization horizon pose fiscal risks.

Vermont's pensions are on the upswing, but looming health-care costs and long-term obligations could spell trouble for the state's budget.

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#VT #FiscalResponsibility #HealthcareCosts #VermontPensions #RetirementSecurity #CitizenPortal

House subcommittee weighs expanding lifetime‑income options for 401(k) savers Witnesses and members debated whether defined contribution plans should offer guaranteed lifetime‑income choices, with industry witnesses reporting employer pilots and researchers urging strict guardrails and transparency to protect savers.

Could Congress finally close the retirement savings gap by promoting guaranteed income options for 401(k) savers?

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#US #FinancialLiteracy #RetirementSecurity #CivicEngagement #CitizenPortal #WashingtonDCRetirement

Select Committee hears actuarial update, discusses ad hoc COLA and next steps for session At an executive session, the Select Committee on Pension Policy received an OSA actuarial update, discussed ad hoc COLA legislation and Pension Funding Council assumptions, and asked staff to circulate updated fiscal notes and materials ahead of the upcoming legislative session.

The Select Committee on Pension Policy is gearing up for critical updates on COLA legislation, with fresh actuarial insights aimed at protecting retirees.

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#WA #CitizenPortal #RetirementSecurity #FiscalTransparency #LegislativeProcess

Stability > stress.
Clarity > guessing.
Planning > hoping.

Protect the life you're building. 💚

#RetirementSecurity #SafeMoney

City treasurer reports improved pension funded status; budget staff unveils Budget Explorer and first‑quarter numbers City Treasurer Jason Vandiver told council the pension plan improved to about 76% funded and overall liabilities are ~80% funded when combined with OPEB; Budget Director Chrissy Hamill reported first‑quarter FY'26 spending and demoed a Budget Explorer tool to increase transparency.

Charlottesville's pension plan is on the rise, now at 76% funded, and new budgeting tools are set to enhance financial transparency!

Learn more here

#CharlottesvilleAlbemarleCounty #VA #PublicFunding #CitizenPortal #CharlottesvillePensions #RetirementSecurity #FinancialTransparency

Essex approves $1 million deposit to OPEB trust after debate over size and near-term priorities After extended discussion, town meeting approved a $1,000,000 transfer into the town's OPEB trust to reduce long-term retiree health liabilities; supporters cited long-term savings, while others urged a smaller contribution given near-term budget pressures.

Essex has just approved a staggering $1 million deposit into its OPEB trust, sparking a heated debate about balancing long-term savings with immediate budget needs!

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#MA #PublicFinance #BudgetPlanning #CitizenPortal #RetirementSecurity

EPF pension reform restores dignity and security in retirement By Mohamed Hadi Abd Hamid, Mohd Zaidi Md Zabri For decades, the Employees Provident Fund (EPF) has been the backbone of Malaysia’s retirement system. However, the realities of modern life have exposed the limits of a system designed for a different generation. People are living longer, medical costs continue to rise, and many find it […]

EPF pension reform restores dignity and security in retirement #EPF #PensionReform #RetirementSecurity #FinancialPlanning #Malaysia

Actuarial update: new SOA mortality table raises Portsmouth pension liabilities; projected contribution to rise then ease John Hancock presented the June 30 actuarial valuation, showing a funded ratio near 75 percent and a recommended contribution of roughly $8.9 million for the upcoming year. Adoption of a Society of Actuaries public‑plan mortality table raises liabilities by about 2 percent and increases required contribution modestly; actuarial smoothing of earlier

Portsmouth's pension plans face a projected contribution increase to nearly $10 million due to new mortality tables and actuarial smoothing, raising questions about budget impacts for the city.

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#PortsmouthNorfolkCounty #VA #PublicFinance #CitizenPortal #RetirementSecurity