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“It's a huge burden,” the executive director of the National Conference on Public Employee Retirement Systems said as he discussed the tax proposal.
The changes are taking place in an era when some state and local governments are struggling with pension costs.
A Pew analysis details the city’s unfunded liabilities.
By The Pew Charitable Trusts
August 24, 2017
Can two major funding headaches fix each other's problems?
, Special to Route Fifty
August 23, 2017
New research from the Center for Retirement Research at Boston College sheds some light on how that looks and what it means.
The Garden State faces a tight squeeze on public programs and experts see big trouble in the not-so-distant future after years of pension underfunding.
Uncertainty about state aid has analysts concerned about capital city’s general obligation and stadium bonds.
If legislators on Capitol Hill don’t act by the end of April, miners will lose their health-care benefits. They may soon lose their retirement benefits, too.
, The Atlantic
April 21, 2017
In recent decades, state pension funds across the country have shifted to more complex investments with greater exposure to financial market volatility.
By The Pew Charitable Trusts
February 23, 2017
Also in our State and Local Daily Digest: Is Edwards using tactics from Jindal’s Louisiana budget playbook; N.J. county distributes potassium-iodide pills; a blueprint for a city-county consolidation in Upstate N.Y.
Houston owes its police, fire, and city workers about $7.8 billion, and it doesn’t exactly have the cash on hand. Their hard-fought solution could serve as a model for the rest of Texas, and the nation.
January 18, 2017
Also in our State and Local Digest: A push to raise Mont.’s gas tax; municipal panic buttons expand in Mass.; and a W.Va. city hall is a ‘total loss’ after a fire.
Also in our State and Local Daily Digest: Snow-removal costs pile up in Billings; Ohio aims to make its data more accessible; and Oklahoma City’s new evening lifeline.
Also in our State and Local Weekend News Digest: Philly drug overdoses; Georgia voter hack suspected; and Illinois budget mess hits holiday charities.
The mayor of Florida’s largest city continues to fume over fiscally troubled police and fire pensions and calls a possible $45 million miscalculation by an actuary “outrageous.”
Whatever comes next in the nation’s ninth-largest city, it won’t be pretty.
The governor pushed for sweeping action in 2011 to close a funding gap and ease the burden on taxpayers. Then lawmakers blocked his most ambitious ideas.
November 1, 2016
Also in our State and Local Daily Digest: Florida Keys ends in-person jail visits; the ACLU wants Utah county's police footage; Colorado's $2.39B marijuana impact.
Also in our State and Local Daily Digest: Oso landslide legal settlements in Washington state; Oklahoma failed to obligate disaster recovery funds; and an Oregon county challenges state over dam.
Also in our State and Local Daily Digest: Cancer-causing metal in New Jersey water systems; South Dakota city leaders spar in meeting; and Florida’s new invasive species discovery.
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