Six months after Georgia enacted a law meant to attract more startups by allowing the state’s pension plans to invest in them, few plans have actually taken advantage, according to an Atlanta Journal Constitution report.
Source: Atlanta Journal-Constitution | Georgia |
January 2, 2013
Earlier this year, lawmakers gave the go-ahead for Georgia’s public pensions to start putting money into start-up ventures and other “alternative” investments, ending the state's status as the last that detoured most of its big pension plans for state, county and city employees around such investments.
Source: The Washington Post | Nation |
December 27, 2012
The expiring Bush tax cuts aren’t the only laws worth watching for investors as the year ends. A number of new rules are kicking in next year that will allow workers to stash away more money in their 401(k)s and individual retirement accounts.
Source: Washington Post | District of Columbia |
December 21, 2012
Metro Transit Police Chief Michael A. Taborn, who has been with the agency for 31 years, is expected to stay on to help oversee operations on Inauguration Day next month and then step down in the spring.
Source: Arizona Republic | Arizona |
December 21, 2012
Lawmakers should consider creating an optional 401(k)-style retirement plan and raising the retirement age for future public employees if Arizona is interested in changing its financially ailing public-pension system, according to a 13-member pension-study committee led by the state treasurer.
The Seattle Police Department said that it will relax its hiring standards for officers in light of Washington's new marijuana-legalization law -- applicants will now be disqualified for past pot use within one year instead of three years.
Source: Boston Globe | Massachusetts |
December 19, 2012
As gun makers took a financial drubbing in the wake of the Newtown, Conn., shootings, Massachusetts Treasurer Steve Grossman directed the state pension fund to review its investments in any companies in the firearms industry.
Nationally, six straight years of revenue declines have put enormous pressure on state and local governments, nevertheless, some are thriving. Standard & Poor's, the credit-rating agency, reports that it issued more bond upgrades than downgrades in 2012.
The Medicaid expansion and the Affordable Care Act are in full swing. With the influx of people who will be applying for benefits and the ACA requirement for online enrollment, it is more important than ever to verify the identities of those accessing benefits up front.