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.
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.
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