NCTR 2016
Annual Membership Renewal
is Underway!  

Current members click here to renew your membership!
Not a member of NCTR? JOIN TODAY!! 

If you have any questions, please contact NCTR’s Assistant Director, Robyn Wheeler at or (916) 897-9139

Member-Only Federal Webinar Scheduled! 
February 10 at 3pm (ET)

“Fee Transparency and the New ILPA Fee Reporting Template”

Register now.

NCTR fwebinar iconDescription of Webinar:
Governmental retirement systems’ investment fees are increasingly the focus of plan attention, participant concern, and media scrutiny, particularly the costs associated with so-called “alternative” investments such as private equity.  Transparency is a very real issue, and a lack of common reporting standards further exacerbates the problem. 

In response to these challenges, the Institutional Limited Partners Association (ILPA), a global organization dedicated to the interests of institutional limited partners (LPs) in private equity, has just released a new “Fee Reporting Template,” designed to encourage increased uniformity in fee disclosures.  Their goal is to both provide LPs with an improved baseline of information that permits  more streamlined analysis and informed internal decision making, as well as reduce the compliance burden on general partners (GPs), who often face a wide variety of non-uniform reporting formats.

To learn more about the new ILPA tool, its development, and what retirement systems’ internal staff as well as service providers can do to help ensure the success of this important transparency initiative, be sure to sign up for NCTR’s upcoming members-only Webinar scheduled for Wednesday, February 10, 2016, at 3:00 PM ET.  Join Leigh Snell, NCTR’s Director of Federal Relations, as he discusses this new “Fee Reporting Template” with the following industry experts:

Jennifer Choi, ILPA Managing Director of Industry Affairs, who also leads the implementation of ILPA’s responses to emerging issues, including efforts to establish and promote industry best practices;

Mike Heale, Principal of CEM Benchmarking Inc., which issued an influential  “White Paper” on the need for standardized total cost disclosure for private equity in April of 2015; and

Lorelei Graye, an independent consultant for Conifer Financial Services who also worked with the South Carolina Retirement System Investment Commission (RSIC), where she spearheaded the development and implementation of an annual fee collection, validation, and reporting process which was featured in the CEM Benchmarking study.

Register soon, as attendance is limited, and you won’t want to miss this important discussion of a very timely issue!


Thank you speakers, sponsors, and attendees for a dynamic and enlightening program!

A letter to National Leaders:
NCTR, Other National Organizations Implore President, Congress to Block Medicare Part B Premium Hike

October 27, 2015.  We are writing on behalf of the National Council on Teacher Retirement (NCTR), the National Conference on Public Employee Retirement Systems (NCPERS), the National Education Association (NEA), the National Association of State Retirement Administrators (NASRA), and the American Federation of Teachers (AFT). Read more.

Listen to NCTR Federal Webinar (4/30/15):
GASB Definition of Employer Compensation

Pennsylvania House Democratic Policy Committee:
A letter from NCTR Executive Director Meredith Williams

June 1, 2015.  I am writing to you on behalf of the National Council on Teacher Retirement (NCTR) in connection with your June 4, 2015, hearing on retirement security from a national perspective.  Read more.

Pennsylvania House State Government Committee:
A letter from NCTR Executive Director Meredith Williams

May 28, 2015.  I am writing to you on behalf of the National Council on Teacher Retirement (NCTR) in connection with your June 4, 2015, hearing on Senate Bill 1, proposed legislation that I understand would establish a defined contribution retirement benefit plan applicable to all newly-hired Pennsylvania public employees as well as add a cash balance retirement benefit tier to the existing defined benefit structure.  Read more.

Senator Orrin Hatch:
A letter from NCTR Executive Director Meredith Williams

April 28, 2015. On behalf of the National Council on Teacher Retirement (NCTR) and the National Conference on Public Employee Retirement Systems (NCPERS), representing the majority of state and local government retirement system participants, we congratulate you on your chairmanship of the Senate Finance Committee.  We look forward to working with you in the new Congress on issues related to one of the most important challenges that the nation faces:  the retirement security of the American people, whether publically or privately employed.

In this regard, we want to assure you that the state of public pensions is strong, and growing stronger every day.  For example, according to the recent “Wilshire 2015 Report on State Retirement Systems: Funding Levels and Asset Allocation,” the funding ratio for the 131 state-sponsored defined benefit retirement systems covered in its study was 80 percent in 2014, up from 74 percent in 2013.  Read more.

The Pew Center on the States:
A letter from NCTR Executive Director Meredith Williams

February 23, 2015. Re: Research on state plan funding levels for 2013. On behalf of the National Council on Teacher Retirement (NCTR) and the 68 state, territorial and local pension systems that it represents, I am writing with reference to your research on state plan funding levels for 2013, which I understand will be used to produce a “fact sheet” similar to your March 2014 release entitled The Fiscal Health of State Pension Plans: Funding Gap Continues to Grow that was based on 2012 data.

NCTR is concerned with this project and the manner in which it is being conducted for several reasons.  Read more.

Arnold Foundation to Launch Major National Communications Campaign Targeting Public Pensions

September 19, 2014. “This new national campaign represents a very alarming escalation of the Arnold Foundation’s drive to destroy the current, cost-effective public sector pension model, built around the goal of an adequate, affordable, modest retirement benefit that a retiree cannot outlive,” said Meredith Williams, the Executive Director of the National Council on Teacher Retirement (NCTR). Williams pointed out that the Arnold Foundation’s aim was to use this massive new PR initiative to replace the existing public pension model with an accrual or savings rate “that, in reality, provides no assurance of any retirement benefit, adequate or otherwise.” View RFP

The Pew Center on the States: A letter from Executive Director, Meredith Williams

August 12, 2014. On behalf of the National Council on Teacher Retirement (NCTR) member systems that the Pew Charitable Trusts has contacted regarding its research on state public pension fund investment performance, I would like to thank you for extending an invitation to our members to collaborate on this project.

NCTR’s member systems are happy to assist with your research efforts, and are very interested in providing information that will produce a comprehensive, factually sound narrative of what is often a misrepresented and misconstrued subject matter. In this regard, I am certain that we are in agreement about the importance of both capturing and representing data and information accurately, so I would like to bring to your attention several concerns our members have with your initial approach to this project. Read more.

Minnesota TRA Board Adopts Resolution

Executive Director Meredith Williams received a resolution on behalf of the Minnesota TRA Board for remaining “steadfast in his support and protection of the retirement security interests of active and retired public teachers nationwide!” Read more

CalSTRS – Global Reporting Initiative (GRI)

See CalSTRS cutting edge efforts in increasing their sustainability efforts with the staff as part of their strategic plan. CalSTRS is working towards being the first U.S. public pension plan to be a GRI entity.
Watch the video