Are City Fiscal Woes Widespread? Are Pensions the Cause?
Source: Alicia H. Munnell, Jean-Pierre Aubry, Josh Hurwitz and Mark Cafarelli, Center for Retirement Research at Boston College, SLP#36, December 2013 The brief’s key findings are: - Detroit’s...
View ArticleAddressing the National Pension Crisis: It’s Not a Math Problem
Source: F. John White – Editor, Public Financial Management Inc., 2013 From the summary: Underfunded employee pensions are among the biggest problems facing most governments in the United States, with...
View ArticleQuarterly Survey of Public Pensions for 2013: 3rd Quarter
Source: U.S. Census Bureau, December 2013 From the press release: This quarterly survey provides national summary statistics on the revenues, expenditures and composition of assets of the 100 largest...
View ArticleHow Much Would it Take? Achieving Retirement Income Equivalency between...
Source: Jack VanDerhei, Employee Benefit Research Institute (EBRI), EBRI Notes, Vol. 34, no. 12, December 2013 From the summary: •Previous EBRI research reported on a comparative analysis of future...
View ArticlePublic Sector Unions Win When They Preach ‘Tax the Rich’
Source: Mark Brenner, Labor Notes, January 2, 2014 …Most public sector unions have failed to counter the conservative message that public workers’ pensions and pay are to blame for yawning budget gaps....
View ArticleFederal Employees’ Retirement System: Benefits and Financing
Source: Katelin P. Isaacs, Congressional Research Service, CRS Report for Congress, 98-810, December 20, 2013 Most civilian federal employees who were hired before 1984 are covered by the Civil Service...
View ArticleEmployment-Based Retirement Plan Participation: Geographic Differences and...
Source: Craig Copeland, Employee Benefit Research Institute, EBRI Issue Brief #392, November 2013 From the summary: Retirement plan participation varies widely by type and characteristics of both...
View ArticleThe Social Security Windfall Elimination and Government Pension Offset...
Source: Alan L. Gustman, Thomas L. Steinmeier, Nahid Tabatabai, Michigan Retirement Research Center Research Paper No. 2013-288, January 8, 2014 From the abstract: This paper uses data from the Health...
View ArticleFlaws of adopting cost cutting in switching to DC plans
Source: Diane Oakley, Pensions & Investments, January 20, 2014 Thinking back to 2007 — before the financial crisis — public pension plans in the aggregate had nearly 90% of the assets on hand...
View ArticleThe Reforms That Public Pensions Really Need
Source: Mark Funkhouser, Governing, January 21, 2014 As two experts demonstrate, there’s more to the problems faced by state and local retirement systems than mere political shenanigans.
View ArticleStrengthening the Security of Public Sector Defined Benefit Plans
Source: Donald J. Boyd and Peter J. Kiernan, Nelson A. Rockefeller Institute of Government, Blinken Report, January 2014 State and local government defined benefit pension systems, which pay benefits...
View ArticlePension Reforms Push Employees Out the Door in Some States
Source: Mike Maciag, Governing, January 23, 2014 An analysis of retirement data finds that pension reforms contributed to significantly more workers filing retirement paperwork in at least six states. …
View ArticleCalifornia Pension System Tests New Money-Saving Strategy
Source: Penelope Lemov, Governing, December 12, 2013 A pilot program in California is using “reference pricing” to cap health-care costs. Can the strategy be used by others? What does grocery store...
View ArticleWhere Do Taxpayers Have the Highest Total Unfunded Pension Liability?
Source: Mike Maciag, Governing, January 24, 2014 A new report examines pension liabilities for all types of retirement systems in select jurisdictions, showing sizable fiscal burdens in some cities.
View ArticleRetirement: Why the Next Generation Needs a Plan / What’s Happening to the...
Source: Elizabeth Kellar and Joshua Franzel, Public Management, Volume 96 Number 1, January/February 2014 Find out how post-recession benefit changes are affecting local government benefit plans and...
View ArticleThe Top 10 Legislative Issues to Watch in 2014 / Plus six trending issues...
Source: Ryan Holeywell, Liz Farmer, Mike Maciag, J.B. Wogan, Chris Kardish, Governing, Vol. 27 no. 4, January 2014 For states throughout the country this year, there’s a common theme: a climate of...
View ArticleFinance 101
Source: Governing, 2014 This ongoing series goes back to the basics to help public officials navigate the sometimes-confusing world of GASB, OPEB, DBs and P3s. Articles include: Financial Illiteracy:...
View ArticlePutting State Pension Costs in Context: How They Compare To The Cost Of...
Source: Good Jobs First, January 2014 From the press release: State lawmakers who are considering drastic cuts to the retirement benefits of state workers are simultaneously giving away billions of...
View ArticleUnmarried Domestic Partners Benefits Fact Sheet, March 2013
Source: U.S. Bureau of Labor Statistics, Spotlight on Statistics, September 2013 Unmarried Domestic Partners Benefit Fact Sheet, March 2013 The “National Compensation Survey: Employee Benefits in the...
View ArticleThe Role of Social Security, Defined Benefits, and Private Retirement...
Source: Jack VanDerhei, Employee Benefits Research Institute (EBRI), EBRI Notes, Vol. 35, no. 1, January 2014 From the summary: - For years, EBRI research has documented and quantified the role of...
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