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.
The city's finances face pressure from public employee pensions and added public school costs are on the horizon.
STATE AND LOCAL ROUNDUP | Major storm systems disrupt California and Northeast; Austin’s busy 9-1-1 call center; St. Paul mayor’s inaugural ball funding gap; Vermont’s ‘regressive’ DMV compliance; and Indiana’s new IoT hub.
STATE AND LOCAL ROUNDUP | Utah governor prays for much-needed snow; Wisconsin’s lead-foot problem; convicted Pa. mayor makes appeal to citizens; and homelessness hits new lows in Lexington, Ky.
To lure Amazon’s HQ2, the Garden State is offering more than double its annual contribution to the public pension system—a system that paid out $5.5 billion more in benefits than it accrued last year.
An earlier House-approved version of the legislation would have exposed some public pension investments to federal taxation.
“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.
Can two major funding headaches fix each other's problems?
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.
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