Spring Workshops—Register Now!
May 3-5: Deputy Director & Communications Specialist
System Director’s Meeting—Register Now!
GASB Definition of Employer Compensation
It appears to be news to many NCTR members that for purposes of implementing GASB 67 and 68, the measure of payroll that is required to be included in the schedules and notes (covered-employee payroll) is the gross payroll of the employees that are provided with pensions through the plan, and includes pensionable as well as non-pensionable pay.
Read more or Register now, as spaces are limited.
The Pew Center on the States
A letter from NCTR Executive Director
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.
Participation of Charter Schools
in Governmental Plans
February 19, 2015
View slide presentation
In January of this year, the Internal Revenue Service (IRS) issued Notice 2015-07, announcing that they are considering issuing proposed regulations regarding whether a state or a local retirement system that covers employees of a public charter school is a governmental plan within the meaning of Internal Revenue Code (IRC) § 414(d), and seeking public comment.
Arnold Foundation to Launch Major National Communications Campaign Targeting Public Pensions
“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
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 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