Forensics and the Future of a Connecticut Pension Plan
Source: Jean-Pierre Aubry and Alicia H. Munnell, Center for Retirement Research at Boston College, State and Local Pension Plans, SLP#46, December 2015 The brief’s key findings are: – Connecticut’s...
View ArticleBenefits, retirement and savings make up larger percentage of government...
Source: U.S. Department of Labor, Bureau of Labor Statistics, The Economics Daily, December 16, 2015 Over the last 10 years, state and local government employer costs for employee benefits have...
View ArticleInvestment Returns: Defined Benefit vs. Defined Contribution Plans
Source: Alicia H. Munnell, Jean-Pierre Aubry and Caroline V. Crawford, Center for Retirement Research at Boston College (CRR), Issue Brief, IB#15-21, December 2015 The brief’s key findings are: • The...
View ArticleRecent Reductions in Public Pension COLAs
Source: Anna Petrini, Legisbrief, Vol. 23 no. 38, October 2015 As the prices of goods and services increase over time, the purchasing power of retirement income decreases. Post-employment benefit...
View ArticleU.S. State and Local Public Pension Funds in Numbers
Source: Joshua Franzel, Center for State and Local Government Excellence, December 3, 2015 SLGE’s VP for Research Joshua Franzel spoke at the 5th Annual World Pensions & Investment Forum in Paris,...
View ArticleState Info
Source: National Association of State Retirement Administrators, 2015 In 1911, Massachusetts became the first state to offer a pension plan to general state employees. It took some time, however, for...
View ArticleQuarterly Survey of Public Pensions for 2015: Q3
Source: U.S. Census Bureau, G15-QSPP3, December 23, 2015 The Quarterly Survey of Public Pensions is a quarterly survey that provides national summary data on the revenues, expenditures, and composition...
View ArticleFiscal 2014 Pension Medians – US States
Source: John Lombardi, Timothy Blake, Jack Dorer, Emily Raimes, Nicholas Samuels, Marcia Van Wagner, Thomas Aaron, U.S. Public Finance, Sector In-Depth, January 15, 2016 (subscription required) From...
View ArticleCan Public Pensions Be Saved? A Perspective From Oregon
Source: Ed Lamb, HR News, Vol. 81 no. 11, November 2015 (subscription required) (scroll down) …Thomas spoke realistically about the need to alter how Oregon PERS gets funded because implementing...
View ArticleThe Secrets of Well-Funded Pensions
Source: Elizabeth Kellar, HR News, Vol. 81 no. 11, November 2015 (subscription required) (scroll down) The past decade has been a sobering time for public pensions. After U.S. stock market declines...
View ArticleHow Will Unfunded Pension Liabilities Affect Big Cities?
Source: Alicia H. Munnell, Jean-Pierre Aubry, Center for State and Local Government Excellence, Issue Brief, January 2016 From the summary: This brief examines GASB 68 and how unfunded liabilities will...
View ArticleExamining Inequities in Teacher Pension Benefits
Source: James V. Shuls, University of Missouri at Saint Louis – Department of Educational Leadership and Policy Studies, EDRE Working Paper No. 2016-02, December 1, 2015 From the abstract: From funding...
View ArticleWho’s In, Who’s Out: A look at access to employer-based retirement plans and...
Source: Pew Charitable Trusts, January 2016 Key Findings: – 49% of all U.S. private-sector workers participate in a retirement plan. – 70% of Wisconsin workers have access to retirement plan, the most...
View ArticleState and Local Government Unfunded Pension Liabilities Rise by $268 billion...
Source: Donald J. Boyd and Yimeng Yin, Nelson A. Rockefeller Institute of Government, By the Numbers Brief, January 2016 Investment shortfalls in the July-September quarter of 2015 caused unfunded...
View ArticlePublic Pensions Challenge Private Equity Fees
Source: Liz Farmer, Governing, December 10, 2015 California recently revealed that it paid billions in fees to private equity managers, leading several other state pension systems to call for more...
View ArticlePublic Employee Unions and Pensions
Source: Posted on January 22, 2016 by Catherine Fisk and Brian Olney, OnLabor blog, January 22, 2016 Advocates of weakening public sector unions, both some who have filed briefs in the Friedrichs case...
View ArticleBenefit Reductions in the Central States Multiemployer DB Pension Plan:...
Source: John J. Topoleski, Gary Sidor, Congressional Research Service, CRS Report for Congress, R44355, January 28, 2016 Under the Multiemployer Pension Reform Act (MPRA), enacted as Division O in the...
View ArticleTrends in employer costs for defined benefit plans
Source: Richard Works, U.S. Bureau of Labor Statistics, Beyond the Numbers, Pay & Benefits, Vol. 5 No. 2, February 2016 From the summary: Defined benefit pension plans can provide financial...
View ArticleRetirement Security: Better Information on Income Replacement Rates Needed to...
Source: U.S. Government Accountability Office (GAO), GAO-16-24, March 2016 From the summary: Household spending patterns varied by age, with mid-career households (those aged 45-49) spending more than...
View ArticleState and Local Government Spending on Public Employee Retirement Systems
Source: National Association of State Retirement Administrators (NASRA), Issue Brief, March 2016 From the introduction: State and local government pension benefits are paid not from general operating...
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