Raycom company launches digital sign network to enhance Ala. welcome centers
Imagine you've just gotten off the road, coming into the state from a long trip. Pulling into the Alabama welcome center for a few minutes of downtime and a quick snack are just a few of the things you'll get while there.
Soon you'll be able to check the weather radar, live traffic cameras and more while you're there. Thanks to a new venture, Alabama's welcome centers are going state-of-the-art with a new digital network developed by .
The state has eight designated welcome centers, and each will soon be home to a first-of-its-kind digital signage network that links the state with live streaming traffic cameras, local weather radar, news flashes from Raycom's Alabama stations and more!
Rich Michaelson with Broadview Media says the system is already in place at the welcome center in Lanett, Ala. and will soon be activated at all the centers.
Michaelson says the venture, in conjunction with the Retirement Systems of Alabama and the Alabama Department of Tourism, won't be limited to the welcome centers for long.
Future plans include expansion of the digital sign network to many other properties owned by the RSA, other state agencies and commercial venues.
The Retirement Systems of Alabama is the primary lender to Raycom Media, which owns Broadview Media and this television station.
Broadview Media is a production company based out of Montgomery, Ala. that provides video and satellite production and conferencing capabilities as well as facilities for conferences and large groups. The company is located at 201 South Union Street.
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Retirement System Of Alabama - News
Rich Michaelson with Broadview Media says the system is already in place at the welcome center in Lanett, Ala. and will soon be activated at all the centers. Michaelson says the venture, in conjunction with the Retirement Systems of Alabama and the
By Stan Diel -- The Birmingham News Retirement Systems of Alabama leaders have illegally and improperly invested billions of dollars in teachers' and other public employees' retirement funds for as much as 15 years, earning lower-than-average returns
The financial straits of the court system in Alabama will not change with Chief Justice Sue Bell Cobb's announcement Wednesday that she plans to retire, Etowah County Presiding Circuit Judge Allen Millican said.
Greenwell, whose husband, Pat, is Alabama's diving coach, has worked in the Dothan school system to reach the service time required by the state retirement system. She originally filed a complaint against the university in July, 2009, with the Equal
For the past year or so, as the public pension crisis has been exposed across the country, unions have cited the law as the reason that states cannot restrain their retirement system costs. Pension deals between government and workers
Teachers' Retirement System trails most pension plans | al.com
MONTGOMERY -- Investment returns for Alabama's Teachers' Retirement System over one year, three years, five years and 10 years trailed those of most public pension funds surveyed nationwide by a financial services company, results released Friday show.
The TRS, the largest pension fund of the Retirement Systems of Alabama, on March 31 held $18.8 billion in stocks, bonds and other assets. It provides pension coverage for about 230,000 active, former and retired teachers or other public education employees, people getting a state pension or who plan to collect one some day.
The Teachers' Retirement System posted an investment return of 12.94 percent for the year ending March 31, less than the median return of 13.99 percent that year for 60 public pension funds, each with more than $1 billion in assets, surveyed by State Street Investment Analytics, a division of State Street financial services corporation in Boston.
Half the surveyed pension funds had higher returns than the median and half had lower.
Investment returns for the SRT was worse compared to the three, five and 10 years ending March 31, rank in the bottom 12 percent among pension funds in the survey of State Street.
The average annual return on investment for the pension system for teachers was 0.45 percent for three years ending March 31, less than the national median of 3.06 percent.
The return on investment for the average SRT was 2.86 percent for five years ending March 31, less than the median of 4.32 percent and was 4.19 percent for 10 years ending March 31, less than the median of 5.80 percent.
The Teachers' Retirement System did comparatively well for the six months ending March 31: Its investment return was 12.15 percent, better than the median of 10.56 percent.
Investment returns matter, since weak returns can cost taxpayers' dollars: In general, if average annual returns fall below 8 percent, the state pays more to keep the pension fund sound, but if returns exceed 8 percent, the government pays less.
The state in this fiscal year is budgeted to pay $771.9 million to the TRS for pension coverage of public employees and retirees. That's an increase of $349.1 million, 82.6 percent, from what it paid five years earlier.
State school Superintendent Joe Morton, who sits on the 14-member TRS board of control, said at a board meeting Friday that lower returns for a year or more were acceptable to him because the Retirement Systems of Alabama, which includes the TRS and other pension funds for other public employees, has invested hundreds of millions of dollars in Alabama.
Retirement System Of Alabama - Bookshelf
Teachers' retirement system law
The Alabama state constitution, a reference guide
AMENDMENT NUMBER 472: USE OF ASSETS OF STATE RETIREMENT SYSTEMS (1988) All of the ... state police, public and judicial retirement systems of Alabama, ...Alabama government manual
EMPLOYEES' RETIREMENT SYSTEM OF ALABAMA Creation and Authority The Employees' Retirement System of Alabama was established in 1945. See the 1975 Ala. ...Employees' Retirement System Law
Code of Alabama, 1975, with provision for subsequent pocket parts
or regulations of the board of control of the teachers' retirement system of Alabama. (d) For the purpose of carrying out the provisions of this section, ...Daily Data Directory
The Retirement Systems of Alabama
The Retirement Systems of Alabama, public pension funds for state and local employees and public education employees in the state of Alabama.
RETIREMENT SYSTEMS OF ALABAMA
TEACHERS' RETIREMENT SYSTEM CHAPTER 800-1-3 BOARD OF CONTROL ... TEACHERS' RETIREMENT SYSTEM CHAPTER 800-1-8 ALABAMA TEACHERS' GROUP TERM LIFE INSURANCE ...
Retirement Systems of Alabama - Wikipedia, the free encyclopedia
Retirement Systems of Alabama is the administrator of the pension fund for employees of the state of Alabama. It is headquartered in Montgomery, Alabama. ...
The Retirement Systems of Alabama
The Retirement System accepts no responsibility for any errors or defects in the ... The Retirement System retains no record of estimates produced by this calculator. ...
Retirement Systems of Alabama | al.com
All items tagged with "Retirement Systems of Alabama" RSS. Most recent items are shown ... The Retirement Systems of Alabama sold the last of its 6.2 million ...