November 7, 2014
Dear NCTR Community,
We lost an advocate, colleague, and dear friend this week. Jim Mosman died in his longtime hometown of Sacramento, California, on Tuesday, November 4, 2014. Jim served as Executive Director of NCTR for more than a decade, and will be fondly remembered for his steadfast leadership in the pension community. Read more.
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.
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