2013 Legislative Summit

Preliminary Agenda and Updated Daily



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Monday, August 12, 2013

 

8:30 AM to 11:30 AM

NCSL Task Force on Pension Funding

Location:
Georgia World Congress Center Level 2-B201
  • NCSL Task Force On Pensions

8:30 AM -- 9:00 AM
Legislating Accounting Standards

With the GASB's new standards, state and local governments will have to report long term pension-related liabilities more prominently on their balance sheets. State and local governments must comply with the new GASB standards if they prepare financial statements in conformity with generally accepted accounting principles (GAAP) in order to receive clean, or unqualified, opinions from auditors on their financial statements. Learn from a CPA legislator how the changes promote accurate and more transparent reporting of governmental obligations and how they allow both the public and policymakers to better understand states' true fiscal health.

9:00 AM -- 10:00 AM
Communicating the New World of Public Pension Data

GASB's new pension accounting standards will significantly alter governmental pension obligation calculations and credit ratings agencies have adjusted state and local government pension cost analytical data for bond ratings. The different factors and methods being used promise to be confusing. At this session, discuss how to communicate and explain these numbers for other lawmakers, constituents and the media.

Speakers: 

  • Keith Brainard, NASRA, Texas
  • Ady Dewey, NASRA, Kentucky
  • Jim Potvin, Employees' Retirement System of Georgia

10:00 AM -- 11:00 AM
Funding Guideline Efforts

The Task Force will be given information on pension guidelines, including actuarial valuations, developed by other associations to help states and localities ensure sustainable, long-term funding for their pension benefits.

Speakers: 

  • John Bartel, Bartel Associates, LLC, California
  • Richard Harris, Government Finance Officers Association, Colorado

11:00 AM -- 11:30 AM
Task Force Business Meeting/Roundtable Discussion


  • Speaker:
  • John Bartel, Bartel Associates, LLC, California
  • Keith Brainard, NASRA, Texas
  • Ady Dewey, NASRA, Kentucky
  • Richard Harris, Government Finance Officers Association, Colorado
  • Jim Potvin, Employees' Retirement System of Georgia

Tuesday, August 13, 2013

 

8:30 AM to 9:45 AM

General Session: America's Retirement Crisis

Location:
Georgia World Congress Center Ballroom Level-Thomas Murphy Ballroom
General Session
Despite our sluggish economy and the global economic uncertainty, building lifetime financial security is not a pipe dream in 21st century America. But for most Americans, it's become a do-it-yourself proposition, as a result of the decline of traditional pension plans in the private sector and the challenge of unfunded liabilities in state and local pension plans. TIAA-CREF's CEO Roger Ferguson believes we need to rethink, repair and restart America's retirement system so individuals can better ensure their own lifetime financial security.

  • Presiding:
  • Senator Bruce Starr, Oregon, NCSL President-Elect

 

1:30 PM to 2:45 PM

Books, Bonds and Budgets

Location:
Georgia World Congress Center Level 3-B315
  • NCSL Budgets & Revenue Committee
  • NCSL Task Force On Pensions
State and local governments soon will need to distinguish several separate pension calculations derived in different manners for distinct purposes. GASB has issued new pension accounting standards, while credit rating agencies have announced they will make new adjustments to governmental pension data for bond ratings. States will have to provide an actuarial calculation to determine funding requirements for budgeting purposes. Attend this session to bring clarity to the confusion over several different pension calculations.

  • Speaker:
  • Keith Brainard, National Association of State Retirement Administrators, Texas
  • Ed Jayne, American Federation of State, County and Municipal Employees, Washington, D.C.
  • Rocky Joyner, Segal, Georgia

Wednesday, August 14, 2013

 

9:45 AM to 10:45 AM

Attracting and Retaining a Qualified Workforce

Location:
Georgia World Congress Center Level 4-B401/402
Interactive
In recent years, many states have reformed traditional defined benefit pension plans and some have made fundamental plan design changes for public employees. At this session, learn how these reforms affect employee recruitment, mobility and retention. Hear about increasing the overall quality of the public workforce given the economic challenges facing states and localities.

  • Speaker:
  • Richard Johnson, The Urban Institute, Washington, D.C.
  • Diane Oakley, NIRS, Washington, D.C.

Sponsored By: The Pension Track is made possible with the generous support of The Pew Charitable Trusts.
 

11:00 AM to 12:15 PM

Retirement Income Security: Beyond the Three Legged Stool

Location:
Georgia World Congress Center Level 4-B401/402
Pension reform has been widespread across the states but do these new or modified retirement plans provide adequate benefit levels for workers when combined with Social Security and private savings? In this session, hear about public employees' level of benefits and how benefit adequacy affects the life decisions of current and future generations. Learn about innovative state policies to address these issues.

  • Speaker:
  • Joshua Franzel, SLGE, Washington, D.C.
  • Teresa Ghilarducci, The New School for Social Research, New York
  • Paul Yakoboski, TIAA-CREF, North Carolina

Sponsored By: The Pension Track is made possible with the generous support of The Pew Charitable Trusts.
 

1:45 PM to 3:00 PM

Managing State Pension Liabilities and Litigation

Location:
Georgia World Congress Center Level 4-B401/402
Continuing Legal Education
Interactive
Almost every state faces large unfunded pension and other post-employment benefit liabilities. Hear about new legislation to increase funding streams, reduce future costs and provide for the long-term sustainability of state retirement plans. Learn about the ongoing litigation in many states and about recent developments in state court cases dealing with pension reform.

  • Speaker:
  • Stuart Buck, Laura and John Arnold Foundation, Texas
  • Luke Martel, NCSL
  • Tamara Rivale, NCSL

Sponsored By: The Pension Track is made possible with the generous support of The Pew Charitable Trusts.