Retirement Reform Lessons: The Experience of Palm Beach Public Safety Pensions
Source: Diane Oakley, Issue Brief, February 2018 From the summary: A new case study examines the impacts of the actions of the Town of Palm Beach when substantial changes were made to the retirement...
View ArticleThere Is No Pension Crisis
Source: Max B. Sawicky, Jacobin, February 13, 2018 Warnings of looming pension bankruptcy aren’t just overblown. They’re politically dangerous. The post There Is No Pension Crisis appeared first on...
View ArticleMilliman Analysis: Public pension funded ratio surges to 73.1% in Q4
Source: Rebecca A. Sielman, Milliman, February 2018 From the summary: In the fourth quarter, there was a $60 billion improvement in the estimated funded status of the 100 largest U.S. public pension...
View ArticleRetirement Experts to New Government Employees: Think for Yourself
Source: Katherine Barrett & Richard Greene, Governing, February 23, 2018 When pension reform happens, new workers often carry the biggest financial burden. But they don’t always have to. The post...
View ArticleU.S. tax law fuels changes to employee benefit and compensation programs
Source: Willis Towers Watson, February 21, 2018 Willis Towers Watson’s recent pulse survey on impacts from the new tax law reveals that the most common changes organizations have made or are planning...
View ArticleDetroit’s bond redemption a credit positive step toward addressing rising...
Source: David Levett, Rachel Cortez, Alexandra S. Parker, Moody’s, Issuer Comment, March 21, 2018 (subscription required) The retirement of $52 million of principal and $2 million of interest on its...
View ArticleThe Funded Status of Local Pensions Inches Closer to States
Source: Jean-Pierre Aubry, Caroline V. Crawford and Alicia H. Munnell, Center for Retirement Research at Boston College, SLP#58, January 2018 The brief’s key findings are: – Since 2001, the aggregate...
View ArticleUnderstanding Decisions in State Pension Systems: A System Framework
Source: Gang Chen, The American Review of Public Administration, Vol. 48 no. 3, April 2018 (subscription required) From the abstract: State governments establish pension systems to provide retirement...
View ArticleRetirement Planning Decisions: Choices Between Defined Benefit and Defined...
Source: Susannah Bruns Ali, Howard A. Frank, The American Review of Public Administration, OnlineFirst, Published April 12, 2018 (subscription required) From the abstract: As states move toward...
View ArticleAmericans Haven’t Saved Enough for Retirement. What Are We Going to Do About It?
Source: Teresa Ghilarducci, Tony James, Harvard Business Review, March 28, 2018 ….Over the last four decades, changes across corporate America have put workers and the broader U.S. society at risk....
View ArticleAsset Growth Trend Continues in Fourth Quarter 2017: Q4
Source: Melinda Caskey, Deron Pope, and Gritiya Tanner, U.S. Census Bureau, Report Number: G17-QSPP4, March 2018 For the 100 largest public-employee pension systems in the country, assets (cash and...
View ArticleWhy More Than A Million Teachers Can’t Use Social Security
Source: Cory Turner, NPR, All Things Considered, April 20, 2018 Teachers have staged protests in recent weeks in West Virginia, Oklahoma, Kentucky, Colorado and Arizona. Some are fighting lawmakers who...
View ArticleWhen the City Goes Broke: Pensions, Retirees, and Municipal Bankruptcies
Source: Kevin M. Lewis, Congressional Research Service, CRS Legal Sidebar, LSB10116, April 10, 2018 In recent years, a significant number of cities, towns, and other municipalities in the United States...
View ArticleThe Real Reason Behind Recent Teacher Strikes — And Why They’re Likely to...
Source: Katherine Barrett & Richard Greene, Governing, May 10, 2018 It’s about much more than low salaries. …. In 26 states, average teacher salaries, adjusted for inflation, were less in 2016 than...
View ArticleI Work with Mark Janus. Here’s How He Benefits from a Strong Union.
Source: Donnie Killen, Labor Notes, May 11, 2018 Like everyone else in the labor movement, I’m nervously awaiting the Supreme Court ruling in Janus v. AFSCME Council 31, which would weaken public...
View ArticleAccounting, Politics, and Public Pensions
Source: Steven W. Thornburg and Kirsten M. Rosacker, CPA Journal, April 2018 Defined benefit pension plans offer politicians a convenient way to satisfy public employee demands while providing the...
View ArticleHow Have Pension Cuts Affected Public Sector Competitiveness?
Source: Laura D. Quinby, Geoffrey T. Sanzenbacher, and Jean-Pierre Aubry, ons for the 2014 improvements, according to their, Issue Brief, April 9, 2018 Summary: State and local data from 2005 to 2014...
View ArticleState and local government workers preparing for retirement: Do you...
Source: Natalie Kramer and Jesus Ranon-Hernandez, Bureau of Labor Statistics, Beyond the Numbers, Vol. 7 no. 6, May 2018 The National Compensation Survey (NCS) publishes information on the coverage and...
View ArticleIllinois (State of) – Pension burden will erode credit without offsetting...
Source: Ted Hampton, Thomas Aaron, Emily Raimes, Nicholas Samuels, Timothy Blake, Moody’s, Issuer In-Depth, May 30, 2018 (subscrption required) When fiscal 2019 begins on July 1, the State of Illinois...
View ArticleState and Local Government Workforce: 2018 Data and 10 Year Trends
Source: Gerald Young, Center for State and Local Government Excellence, International Public Management Association for Human Resources, and the National Association of State Personnel Executives, May...
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