Oregon Public Employees Retirement System

Milliman hires Ryan Falls to expand statewide public pension work

Retrieved on: 
Thursday, May 11, 2023

SEATTLE, May 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the addition of Ryan Falls as a consulting actuary and a statewide public pension system marketing lead.

Key Points: 
  • SEATTLE, May 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the addition of Ryan Falls as a consulting actuary and a statewide public pension system marketing lead.
  • Ryan will focus on continuing to expand the firm's statewide public pension consulting business, which already serves many of America's largest and most complex public pension systems.
  • "Ryan is a leader in statewide system plan design and sustainability and has worked closely with plan sponsors on public pension plan reform," says Matt Larrabee, a principal and consulting actuary with Milliman.
  • His work, especially in the southwestern US, will help Milliman expand our offerings and complements our strong public pension expertise."

National Institute on Retirement Security Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education

Retrieved on: 
Thursday, April 27, 2023

WASHINGTON, April 27, 2023 /PRNewswire/ -- The National Institute on Retirement Security ( NIRS ) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the recruitment and retention of Alaska's public education employees.

Key Points: 
  • WASHINGTON, April 27, 2023 /PRNewswire/ -- The National Institute on Retirement Security ( NIRS ) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the recruitment and retention of Alaska's public education employees.
  • A new report details the impact of retirement benefits on the recruitment and retention of Alaska's teachers.
  • The new report, Alaska Teacher Recruitment and Retention Study: Options and Analysis Supporting Retirement Plan Design, is based on Alaska Retirement Management Board data.
  • Using available information about the retention of Alaska's educational workforce, the report offers insights on the policy decisions involved with returning to defined benefit pensions.

NCPERS Study: Pension Expenditures Do Not Crowd Out Education Funding

Retrieved on: 
Thursday, April 13, 2023

Public pension expenditures do not crowd out education funding, according to new research from the National Conference on Public Employee Retirement Systems (NCPERS).

Key Points: 
  • Public pension expenditures do not crowd out education funding, according to new research from the National Conference on Public Employee Retirement Systems (NCPERS).
  • Lead researcher Michael Kahn dug into claims that pension expenditures are rising faster than education expenditures and found them flawed.
  • The study found that education funding grew at three times the annual rate of pension spending from 1993 to 2019.
  • The report concluded that even if pension costs rise faster than education expenditures, pension funding is unlikely to crowd out education funding because the ratio of the two is likely to stay about the same.

Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds

Retrieved on: 
Tuesday, February 7, 2023

Public pension funds’ average funding ratio increased to 77.8% in 2022, with the majority of pensions’ revenue (68%) coming from investment returns, according to an annual study by the National Conference on Public Employee Retirement Systems (NCPERS).

Key Points: 
  • Public pension funds’ average funding ratio increased to 77.8% in 2022, with the majority of pensions’ revenue (68%) coming from investment returns, according to an annual study by the National Conference on Public Employee Retirement Systems (NCPERS).
  • Now in its 12th year, NCPERS 2023 Public Retirement Systems Study: Trends in Fiscal, Operational, and Business Practices provides a benchmark for public retirement systems while tracking funds’ fiscal conditions.
  • A record 195 state and local government pension funds responded to the survey, which was conducted in the fall.
  • Public pension funds saw, on average, one-year returns of around 11.4%.

NCPERS Plans to Expand Strategic Alliances, Membership Offerings with New Hire Bridget Early

Retrieved on: 
Thursday, January 5, 2023

The National Conference on Public Employee Retirement Systems ( NCPERS ) has named Bridget Early as its new Director of Membership and Strategic Alliances.

Key Points: 
  • The National Conference on Public Employee Retirement Systems ( NCPERS ) has named Bridget Early as its new Director of Membership and Strategic Alliances.
  • Most recently, Early served as the Executive Director of the National Public Pension Coalition , where she executed strategic campaigns across 20 states.
  • I’m looking forward to strengthening the organization's membership base and continuing to advocate with and on behalf of public pensions,” said Early.
  • I’m looking forward to working with them to enhance the membership experience, develop new strategic partnerships, and expand NCPERS’ reach at state and local levels.”

Puerto Rico Statutory and Private Employee Benefits Report 2022 Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 17, 2022

The "Puerto Rico Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Puerto Rico Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
  • The report provides in-depth industry analysis, information, and insights of the employee benefits in Puerto Rico, including an overview of the state and compulsory benefits in Puerto Rico, detailed information about the private benefits in Puerto Rico, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Puerto Rico.
  • In Puerto Rico, employers provide voluntary retirement benefits to their employees through qualified pension, stock bonus and profit sharing plans.
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
    It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leaves and holidays and private benefits

NCPERS Names Lizzy Lees as Director of Communications

Retrieved on: 
Wednesday, September 14, 2022

Ms. Lizzy Lees has joined the National Conference on Public Employee Retirement Systems ( NCPERS ) as the Director of Communications, bringing with her nearly ten years of digital marketing and strategic communications experience.

Key Points: 
  • Ms. Lizzy Lees has joined the National Conference on Public Employee Retirement Systems ( NCPERS ) as the Director of Communications, bringing with her nearly ten years of digital marketing and strategic communications experience.
  • Commenting on the new hire, Executive Director and Counsel Hank Kim said, We are thrilled to have Lizzy on board.
  • NCPERS created this position to allow for in-house oversight of our overall communications strategy.
  • I look forward to working with Lizzy to craft and execute cohesive and impactful messaging for NCPERS.

Working Group Offers New Roadmap for Gauging Public Pension Health

Retrieved on: 
Tuesday, July 26, 2022

Culminating more than a year of study, the Pension Accounting Working Group has unveiled a roadmap for broadening the public understanding of what constitutes a healthy public pension system, the National Conference on Public Employee Retirement Systems has announced.

Key Points: 
  • Culminating more than a year of study, the Pension Accounting Working Group has unveiled a roadmap for broadening the public understanding of what constitutes a healthy public pension system, the National Conference on Public Employee Retirement Systems has announced.
  • View the full release here: https://www.businesswire.com/news/home/20220726005483/en/
    A July 2022 report published by the Pension Accounting Working Group outlines new metrics and approaches for gauging the condition of public pensions.
  • The Working Group was convened in February 2021 by NCPERS, working with Arnold Ventures and The Policy Lab at Brown University.
  • Kim added: As the Working Groups facilitator, I am proud of the work performed by a distinguished group of public pension experts.

NCPERS Reaches Agreement on PensionX Digital Platform

Retrieved on: 
Monday, July 25, 2022

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    NCPERS executed a strategic alliance with Digital Deployment to make the companys PensionX digital platform available to NCPERS members at a 10 percent discount.
  • The alliance culminates a multiyear search that led NCPERS to review and test numerous mobile apps, said Hank Kim, executive director and counsel for NCPERS.
  • NCPERS will be hosting a webinar on the digital platform sometime in September; details will be available soon on the NCPERS website.
  • Digital Deployment created PensionX as a Member Engagement Platform (public website, member portal, mobile experience) and brings a new level of self-service that is integrated, predictable, fast, and easy to deploy.

2022 CX Excellence Awards: Fonolo Celebrates Winning Brands to Spotlight Success in Customer Experience

Retrieved on: 
Tuesday, May 10, 2022

TORONTO, May 10, 2022 /PRNewswire/ - Fonolo, the leading provider of cloud-based call-back solutions, has announced the winners of its annual 2022 CX Excellence Awards.

Key Points: 
  • TORONTO, May 10, 2022 /PRNewswire/ - Fonolo, the leading provider of cloud-based call-back solutions, has announced the winners of its annual 2022 CX Excellence Awards.
  • Now in its 6th year, Fonolo's annual CX Excellence Awards celebrate contact centers that demonstrate excellence in customer service and customer experience.
  • The winning brands were selected based on the amount of hold time they saved their customers over the previous year.
  • The result is an improvement in the overall customer experience, as Fonolo CEO and co-founder Shai Berger explains:
    "When call-backs are used in the context of a customer experience strategy, it's a game-changer," says Berger.