National Conference on Public Employee Retirement Systems

📊NCPERS 2025 Public Retirement Systems Study: Trends in Fiscal, Operational, and Business Practices is now available! https://bit.ly/4hNl4We The study, conducted in partnership with Greenwald Research, includes data from 201 public pension systems that collectively manage $3 trillion in assets on behalf of more than 17 million state and local public servants. The report provides a detailed breakdown of financial and investment data segmented by fiscal year-end dates, allowing for a clearer understanding of performance trends over time. Key Takeaways: 🔷 Public pensions continue to see improvements in fiscal performance as average funded ratios reached a five-year high. Responding plans with fiscal year-end dates in the first half of 2024 reported an average funded ratio of 83.1% and saw one-year investment returns of 9.47% (net of fees). 🔷 Receiving the full actuarially determined contribution is key to better funding outcomes. Public pensions that received their full actuarially determined contribution reported funded ratios an average of 20 percentage points higher than those that did not receive the full contribution. 🔷 While equities remain the largest component of pension portfolios, systems with fiscal year-end dates in the first half of 2024 reported a sharp increase in allocations to fixed income investments, now making up 26.1% of their portfolios. 🔷 As public pension systems look ahead, their top priorities include enhancing cybersecurity and fraud prevention systems, sustaining target funding levels, and updating or acquiring a pension administration system.  🔍 Download the report today! https://bit.ly/4hNl4We NCPERS members can also access an exclusive interactive dashboard alongside the full report, allowing them to filter data by plan size, employee type, and more to compare their performance with industry benchmarks. Interested in becoming a member visit https://bit.ly/4fem6s2 #NCPERS #PublicPensions #PensionResearch #PensionFunding #Retirement #Investment #Dashboard #FinancialStability #Benchmarking #PublicRetirementStudy #Finance #Actuary #Cybersecurity

⌛Don't wait to apply! These #publicpensions are #hiring: https://lnkd.in/e-DffCbp Highlights from the latest #pension industry careers roundup from NCPERS include: - City of Austin Employees Retirement System is seeking an experienced, accomplished, and innovative Human Resources Officer. - CalSTRS is hiring for several roles, including Senior Counsel and Attorney. - ERFC (Educational Employees’ Supplementary Retirement System of Fairfax County) is searching for their next Executive Director. - Minnesota PERA is hiring a Management Analyst 2 and Retirement Services Director - Benefits Calculations Director. - New Castle County Employees' Pension Program (NCCEPP) in Delaware is searching for a Senior Pension Program Analyst. - CalPERS is hiring for several roles, including Health Program Accounting Analyst, Financial and Investment Reporting Officer, and Treasury Analysis Specialist. - Maryland - National Capital Park and Planning Commission Employees' Retirement System is seeking their next Deputy Executive Director. - Texas Municipal Retirement System (TMRS) is searching for a Private Markets Investment Attorney.

Two recent Supreme Court decisions have curtailed U.S. regulatory agency power, ultimately shifting the power from the SEC and their administrative courts and leaving #investors with litigation in the U.S. court system as the only means of protection. Labaton Keller Sucharow LLP's Carol Villegas and Danielle Izzo discuss what this may mean for #publicpensions in their latest #PERSist article: https://lnkd.in/g3dsHQuc

💡Attention Public Pension Leaders! NCPERS is pleased to introduce a new #webinar: Investment Consultant Forum: Exploring Fiscal Policy, Market Trends, and Pension Strategies. https://bit.ly/4k9X1SS As #publicpension leaders navigate an increasingly complex and volatile economic environment, staying ahead of the curve on fiscal policy shifts, monetary trends, and evolving market conditions is more critical than ever. Understanding how these factors impact #investment strategies and pension fund management can significantly influence the long-term sustainability and growth of pension plans. With ongoing challenges such as political uncertainty, inflation concerns, and changing regulatory frameworks, public pension leaders must remain well-informed to make strategic decisions that protect their beneficiaries and ensure the health of their funds. Moderated by NCPERS Executive Director Hank Kim, the webinar will feature leading investment consultants with deep expertise in public sector pension strategies, including: - Katie Comstock, Partner and Head of Public Sector Solutions, Aon Investments - Daniel Johnson, Director of Institutional Advisory Services, Mariner - Julian Regan, Senior Vice President & Public Sector Market Leader, Segal Marco Advisors - Leandro Festino, CFA, CAIA, Managing Principal & Consultant, Meketa Investment Group Engage with industry experts, ask your questions, and gain actionable insights. Register today and stay ahead of the curve! https://bit.ly/4k9X1SS #NCPERS #InvestmentStrategies #Investment #PensionLeadership #MarketTrends #Economy #FederalReserve #Legislative #Inflation 

Higher interest rates, normalized #inflation, and heightened geopolitical concerns are key factors for investors to consider in the current market environment. Aon's Katie Comstock and Julie Becker share opportunities for #publicpensions to reevaluate fixed income portfolio construction, assess liquidity, reconsider private market allocations, and evaluate their #governance processes. https://lnkd.in/gGaFqhJy

The Social Security Administration is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to public sector workers whose benefits have been affected by WEP and GPO. Learn more: https://lnkd.in/eFVf-HVr

💡 Join 700+ pension professionals on May 18-21 in Denver for NCPERS Annual Conference and Exhibition (ACE), the longest-running educational conference for state and local #publicpensions. https://bit.ly/3WQkz5n Over four dynamic days, gain expert insights into pension governance, #investment strategies, actuarial methodologies, and #riskmanagement while engaging with world-class speakers and connecting with industry leaders. Explore innovative solutions on the exhibition floor and enhance your fiduciary expertise through pre-conference programs like the #Trustee Educational Seminar (TEDS) https://bit.ly/4gx2H6p and the NCPERS Accredited Fiduciary (NAF) Program https://bit.ly/4d2vyyy. 📢 Take it from John Scanlan, Oregon Public Employees Retirement System Board Member: "Easily the most beneficial learning experience that I engage in each year." Register today and be part of the most impactful pension conference of the year. https://bit.ly/4k7NyeI #NCPERS #ProfessionalGrowth #PensionLeadership #Education #PensionProfessionals

How should #publicpensions approach portfolio construction in an environment where economic growth, #inflation, and interest rates are likely to be structurally higher? https://lnkd.in/eFyriA3V This "new normal" will require a new approach to portfolio construction, according to Nuveen, a TIAA company's Saira Malik, Anders Persson, CFA, and Biff Ourso. They discuss how the global economy has changed post-pandemic and offer themes for 2025 to help guide #investors thinking in the year ahead in their latest #PERSist article.

📢 Big News: NCPERS is partnering with the Society of Actuaries to ensure continued access to the latest U.S. #publicpension mortality data: https://lnkd.in/eAgzqBYV Sponsored by NCPERS, the upcoming Public Pension Plan Mortality Study will analyze in-depth data from more than 30 U.S. #publicpension systems spanning from 2022 to 2026. The research findings are scheduled to be released in 2030. “We look forward to partnering with the SOA Research Institute to ensure continued access to the latest public sector-specific mortality tables," said NCPERS Executive Director and Counsel Hank Kim. "This essential data will help public pensions and their actuaries better understand life expectancy of their participants, more precisely project the fiscal health of their plans, and ultimately contribute to the long-term sustainability of public pensions across the country.”

Did you know that #REITs are utilized in the real estate allocations of close to 60% of the 25 largest North American institutional investors? Nareit's David Sullivan discusses the factors driving REIT performance, their strategic value in institutional portfolios, and how they are positioned to capitalize on economic trends in his latest #PERSist article: https://lnkd.in/eiYPHDKP #publicpensions #NCPERS #investmentoutlook