Accounting for the State of Public Pensions
Accounting for the State of Public Pensions
Saturday, August 9, 2014
Shortfalls in state-run retirement systems continue to grow, and in the 2012 fiscal year, the gap between promises to state workers and funding in the accounts reached $915 billion. Unfunded pension obligations can have significant implications for a state’s fiscal stability, including lower credit ratings, increased borrowing costs and the diversion of state resources away from other spending priorities like infrastructure and education.
- e-Newsletter: Defined Benefit vs. Defined Contribution—the Continuing Challenge of State Pensions
- e-Newsletter: Employees Need to be Involved in Pension Changes
- e-Newsletter: Accounting for the State of Public Pensions
Paul Angelo, Senior Vice President and Actuary, Segal Consulting
Mike Barnhill, Deputy Commissioner, Alaska Department of Administration
Download the presentation "Emerging Trends in Public Pension Policy and Governance" in PDF (without audio) or as a Video (with audio)
Dana Bilyeu, Executive Director, National Association of State Retirement Administrators
Sen. Curtis Bramble, Utah
Sen. Pat Browne, Pennsylvania
Roderick B. Crane, Managing Director, Government Market, TIAA-CREF Individual & Institutional Services, LLC
Sen. Hollis French, Alaska
Kelly Fox, President, Washington State Council of Fire Fighters
Download the presentation: "Washington State's Pension System" in PDF (without audio) or as a Video (with audio)
Hank Kim, National Conference on Public Employee Retirement Systems
Assemblyman Randy Kirner, Nevada
Download the presentation "State of Nevada Public Employees' Retirement System" in PDF (without audio) or as a Video (with audio)
Robert D. Klausner, Klausner, Kaufman, Jensen & Levinson
Adrian Moore, Vice President, Reason Foundation
Download the presentation "Navigating Pension Reform" in PDF (without audio) or as a Video (with audio)
Angelo’s areas of expertise include the design and administration of large defined benefit plans, including extensive experience with large public sector plans, public universities and collectively bargained plans. He serves as valuation actuary for 14 major California county and city retirement systems and associations.
Barnhill manages seven divisions, ranging from Finance, Retirement and Benefits, to the Office of Public Advocacy and Public Defender Agency. He has been a practicing attorney in Alaska for 17 years, first in private practice and then for the Alaska Department of Law, where he served as an assistant attorney general.
Before joining NASRA, Bilyeu was the executive officer of the Public Employees’ Retirement System of Nevada and was the system's operations officer overseeing benefit administration. She also sits on the Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan, a retirement savings and investment plan for federal employees and uniformed services members.
Elected in 2000, Bramble serves as chair of the Senate Revenue and Taxation Standing Committee and co-chair of the Legislative Information Technology Steering Committee. He is a member of the Business and Labor Standing Committee, Retirement and Independent Entities Committee, and the Business, Economic Development and Labor Appropriations Subcommittee.
Browne, who serves as Senate majority whip, is a board member of the Public Employee Retirement Commission and the Public School Employees’ Retirement System. He drafted key portions of Act 120 of 2010, which reformed Pennsylvania’s public pension systems.
Crane develops and executes strategies for the state and local government markets for TIAA-CREF. He previously was a senior consultant with The Segal Company and Mercer Human Resources Consulting, where he worked with state and local governments on the design and administration of their retirement programs, as well as their deferred compensation and retiree health savings plans.
First elected to the Alaska Senate in 2002, French has served as chairman of the Senate Judiciary Committee and Administrative Regulation Review Committee. He serves on the Senate Resources and Transportation committees.
Fox was elected to the Washington State Council of Fire Fighters’ Executive Board in 1990 and has served as its president since 1996. He has worked with public employee representatives to forward pension improvement legislation and provide greater plan member participation. Fox represents the local union in collective bargaining and labor-management relations.
Hank Kim is executive director and counsel for the National Conference on Public Employee Retirement Systems, the largest public pension trade association in the United States. His responsibilities include strategic planning for NCPERS, promoting retirement security for all workers through access to defined benefit pension plans, and the expansion of NCPERS’ role in the continuing debate on health care.
First elected in 2010, Kirner serves on the Ways & Means, Taxation and Assembly Education committees. He also serves as policy coordinator/whip for the Republican Assembly Caucus. Kirner is a retired business executive with more than 35 years’ experience with pension plans and benefits.
Klausner, an attorney for 35 years, specializes in public employee pension funds. He is a frequent speaker on pension education programs and has published numerous articles on fiduciary obligations of public employee pension trustees. He is the author of the first comprehensive book on the law of public employee retirement systems, State and Local Government Retirement Law: A Guide for Lawyers, Trustees, and Plan Administrators.
Moore directs all of Reason’s work with government officials on policy change. He is co-author of two books on transportation policy and dozens of policy studies and articles on other policy topics. He served on California's Public Infrastructure Advisory Commission.
|Public Pension Issues in 2014 and Beyond||311.07 KB|
|Public Pension Issues in 2014 and Beyond||946.68 KB|
|Overview of Public Pensions||1.92 MB|
|Pennsylvania's Pension Predicament||4.19 MB|
|Washington State's Pension System||291.01 KB|
|Navigating Pension Reform||1.04 MB|
|Alaska Pension Reform||1.33 MB|
|State of Nevada Public Employees' Retirement System||369.36 KB|
|Public Pensions||1.16 MB|