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Board endorses Daugaard’s plan to merge cement-plant, state retirement funds

December 5, 2013 in Uncategorized

PIERRE — Trustees for the South Dakota Retirement System gave their endorsement Wednesday for the governor’s plan to fix the state cement-plant retirement fund.

The vote was 12-2 in favor of the concept that Gov. Dennis Daugaard had outlined…continue reading on mitchellrepublic.com

Board endorses Daugaard’s plan to merge cement-plant, state retirement funds

December 5, 2013 in Uncategorized

PIERRE — Trustees for the South Dakota Retirement System gave their endorsement Wednesday for the governor’s plan to fix the state cement-plant retirement fund.

The vote was 12-2 in favor of the concept that Gov. Dennis Daugaard had outlined…continue reading on mitchellrepublic.com

SDRS retirees will get a 3.1 percent increase

December 4, 2013 in Uncategorized

PIERRE — Trustees voted Wednesday to set the cost of living adjustment at 3.1 percent for members of the South Dakota Retirement System for fiscal 2015.

The COLA increase takes effect July 1, 2014. State law allows a range of 2.1 percent to 3.1 …continue reading on mitchellrepublic.com

Retirement system looks at offering 401(k)-type plan

October 1, 2013 in Uncategorized

SIOUX FALLS (AP) — The South Dakota Retirement System is planning a big change to the 40-year-old pension plan that covers more than 77,000 current and past employees of state and local governments.

Instead of increasing retirees’ usual bene…continue reading on mitchellrepublic.com

Dustin Gawrylow, Mandan, N.D., column: Pension thundercloud looms on N.D.’s horizon

December 13, 2012 in Grand Forks Herald

In the past two years, North Dakota’s public pension funds have continued the downward slide that began in 2008. They now represent a $2 billion unfunded liability over the next 30-odd years. Continue Reading

Cement Plant retirement fund in shambles

December 6, 2012 in The Daily Republic

New administrators find mess after taking fund over in 2010. Continue Reading

State pension system faces deficit in millions

June 6, 2012 in The Daily Republic

PIERRE State investment officer Matt Clark delivered grim news and a grimmer forecast Wednesday to the South Dakota Retirement System trustees and the Legislature’s retirement laws committee.
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Sioux Falls city employees could see pension changes

June 5, 2012 in The Daily Republic

SIOUX FALLS (AP) Sioux Falls officials are contemplating changes to the city’s pension plan for municipal workers.
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SD judge upholds cut in annual pension increases for state employees

April 11, 2012 in The Daily Republic

After the economic downturn in 2008 and 2009 caused the value of assets to fall in the South Dakota Retirement System, the Legislature passed a law pegging annual cost-of-living adjustments to the system’s financial health. Continue Reading

Eliot Glassheim, Grand Forks, column: Ideology drives GOP calls for cuts

January 7, 2012 in Grand Forks Herald

Reform in Rhode Island was not an ideological agenda masquerading as fiscal necessity, as in Wisconsin and Ohio. Continue Reading