The sum earned by investment managers from one pension fund exceeded employee contributions for the same period.
Chicago Mayor Rahm Emanuel last week proposed issuing bonds to improve the city’s pension funding levels. Is that a good idea?
Days after the state Supreme Court strikes down a controversial pension reform law, teachers and other public employees rush to Frankfort—again.
Gov. Matt Bevin, who championed the legislation, called Thursday’s state Supreme Court ruling “an unprecedented power grab by activists judges.”
STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.
New research takes a look at post-retirement employment policies in states across the U.S.
COMMENTARY | Any fiscal expert looking at New Jersey’s budget situation would quickly come to the conclusion that the underfunded pension system is the place to start, the state’s former comptroller and budget director says.
New research offers a dim assessment of some of the most poorly funded state and local public retirement systems.
STATE AND LOCAL ROUNDUP | Rare polio-like disease spreads to 22 states … Tornado Alley’s eastward shift … and disaster unemployment insurance in Florida.
It’s the latest effort by lawmakers to overhaul the “Windfall Elimination Provision," which affects benefits for thousands of state and local government employees around the U.S.
Maryland enacted changes to save billions of dollars on health care coverage for retired public employees. But a rollback of prescription drug benefits has led to a court challenge.
An Important Pension Lesson: Why You Shouldn’t Use ‘Discount Rate’ and ‘Investment Rate’ Interchangeably
COMMENTARY | New Jersey’s former state comptroller and budget director discusses why pension rules for the discount rate are confusing, not comparable and troubling.
A new analysis shows benefits of considering a range of factors and scenarios.
Stress tests help policymakers plan for the next recession.
The bill, passed by committee, requires that the offenses be somehow related to an individual’s public employment.
STATE AND LOCAL ROUNDUP | Kentucky governor apologizes … Idaho vs. feds … Philly tax fatigue ... San Diego’s sidewalk lawsuits … and Minnesota’s long winter continues.
Investment shortfalls, insufficient contributions reduced funded levels for public worker retirement plans
Benefit reductions can save money, but may also be making it tougher to attract workers to state and local government.
STATE AND LOCAL ROUNDUP | Trump suggests prosecution for mayor … Oklahoma teacher strike pushes into 5th day; county’s gift card scandal prompts changes … why St. Louis didn’t make the Amazon HQ2 cut … and Minnesota stinkbugs are on the move.
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