Quarterly Update – Spring 2019
Dear NCTR Members,
It’s a new year and NCTR is tackling 2019 with intent and focus. We are well underway planning our educational programs for the year and we are excited about the upcoming events.
Join Forces With NCTR!
2019 Membership Now Open!
Join forces with THE Resource for fostering strategic partnerships, providing training and pension advocacy for the educational community. Our vision is a strong and secure retirement future for all teachers and educational employees. NCTR is a non-profit association offering several networking, educational and sponsorship opportunities throughout each membership year. Join our community of public pension plans, top consultants, investment managers, actuaries, attorneys and technology experts, while together we form a strong foundation to secure retirement for America’s teachers.
If you have any questions regarding your current membership status with NCTR, or how to become a new member, contact NCTR’s Assistant Executive Director Robyn Wheeler at email@example.com.
Not a member yet? Join today!
Federal Webinar Scheduled!
March 20, 2019; 3:00 p.m. – 4:00 p.m. (EST)
Infrastructure and In-Kind Contributions
While the idea of in-kind contributions to pension plans is not a new concept in the private sector, it has never really taken hold in the governmental plan space. But there is increasing interest in the topic from cash-strapped government sponsors, often linked with the need to address the nation’s infrastructure challenges, a topic that is often thought to be one of the few subjects that could generate bipartisan support in the new Congress.
A state or municipality’s contribution of real property to its pension plan can, however, raise a host of issues. Trustees must weigh the economics of the transaction, liquidity constraints and other investment risks, including the potential liability arising from ownership of the transferred assets, as well as the costs attributable to management of the real estate and whether applicable law even allows for such transfers. And then there are the political considerations that can be presented.
To help explore the legal as well as the practical ramifications involved with infrastructure investments and in-kind asset transfers, NCTR is holding a members-only webinar on Wednesday, March 20, 2019, at 3:00 PM ET. Join Leigh Snell, NCTR’s Director of Federal Relations, as he discusses this important topic with three distinguished panelists:
- Emily Brock, the Director of the Government Finance Officers Association (GFOA) Federal Liaison Center and the leader of the Public Finance Network in Washington, DC;
- Marc Lieberman, an attorney with the law firm of Kutak Rock, and an expert on the fiduciary issues that such asset transfers can raise; and
- Glen Grell, Executive Director of the Pennsylvania Public School Employees’ Retirement System.
This is a subject that you will want to know more about, as Governors and state treasurers increasingly demonstrate interest in identifying and analyzing state assets for their possible use to help “stabilize” state finances. So be sure to register now as space is limited!
Did You Miss NCTR’s Latest “Private Equity Investing” Federal Webinar?
If you missed NCTR’s most recent members-only Federal webinar entitled, “Private Equity Investing,” held on February 20, click below to access the webinar recording and referenced slides.
Did You Miss the Latest Customer Service Network Webinar?
If you missed NCTR’s most recent members-only CSN webinar entitled, “Employers are Customers, Too!,” held on December 12, click below to access the webinar recording, as well as the referenced slides.