Chicago’s Pension Fix Might Involve Marijuana

STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.

When Rehiring Retired Public Workers, Guidelines Can Be Key

New research takes a look at post-retirement employment policies in states across the U.S.

A Bipartisan Legislative Initiative to Address a Bleak State Budget Situation

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.

A Growing Gap Between Healthier and Worse Off Pension Plans

New research offers a dim assessment of some of the most poorly funded state and local public retirement systems.

Study Shows Why State Pension Plans May Want to Avoid External Asset Management

STATE AND LOCAL ROUNDUP | Rare polio-like disease spreads to 22 states … Tornado Alley’s eastward shift … and disaster unemployment insurance in Florida.

Bill Would Rework Limits on Social Security for Some Public Workers

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.

Lawsuit Will Test State Plan to Shift Retiree Drug Coverage to Medicare

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.

Stress Testing Can Help Troubled State Public Pension Funds

A new analysis shows benefits of considering a range of factors and scenarios.

States Turn to New Tool to Sustain Pension System Funding

Stress tests help policymakers plan for the next recession.

New Jersey Bill Would Strip Pensions for Workers Convicted of Sexual Offenses

The bill, passed by committee, requires that the offenses be somehow related to an individual’s public employment.

Pension Crisis Forces Some Oregon Localities to ‘Do Less With Less’

STATE AND LOCAL ROUNDUP | Kentucky governor apologizes … Idaho vs. feds … Philly tax fatigue ... San Diego’s sidewalk lawsuits … and Minnesota’s long winter continues.

The State Pension Funding Gap: 2016

Investment shortfalls, insufficient contributions reduced funded levels for public worker retirement plans

Public Pension Cuts Appear to Be Stifling Recruitment, Study Finds

Benefit reductions can save money, but may also be making it tougher to attract workers to state and local government.

Key Takeaways From a New Survey of Municipal Bond Analysts

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.

S&P Nudges Philadelphia's Credit Rating Downward

The city's finances face pressure from public employee pensions and added public school costs are on the horizon.

Kentucky Governor Cites ‘Thug Mentality’ in Teacher Pension Fight

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.

‘Desperate’ Illinois City Looks to Sell Assets After Big Pension Surprise

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.

With New Jersey’s Pensions in Crisis, a Question of Fiscal Priorities

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.

Final Tax Bill Does Not Include Tax on State and Local Pension Plans

An earlier House-approved version of the legislation would have exposed some public pension investments to federal taxation.