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During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Teachers…
The term “defined-benefit” has been traditionally used as a synonym for “pension.” Increasingly, the term is being used to describe hybrid cash balance plans. While not wholly inaccurate, as we’ll explain, it is certainly misleading for employees and lawmakers to…
During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Here…
As state legislative sessions are coming to an end around the country, state policymakers have faced budget deficits due to the coronavirus pandemic. To fill their budget deficits, some have argued that policymakers should consider taking away defined-benefit pensions for…
May the 4th be with you, and happy Teacher Appreciation Day! During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting…
We have covered the Reason Foundation on our blog before and developed a video about them. This year, they have focused on overemphasizing public pensions’ unfunded liabilities, creating the illusion that pensions are not financially stable and a burden on…
During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Teachers…
On Friday, April 2, Vermont House Speaker Jill Krowinski tabled an effort to reduce the state’s unfunded liabilities. The proposal would have required public employees to increase their contributions, stay in the workforce longer, and reduce or eliminate the cost-of-living…
During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Here…
On Friday, April 2, the Alaska Supreme Court voted 3-2 to allow Alaska’s public employees to buy back into Tier 1 of the states’ Public Employees’ Retirement System (PERS) and Teachers’ Retirement System (TRS). Tier 1 of both systems provides…
During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Here…
Today’s blog was written by NPPC’s Executive Director, Bridget Early. Today, the Florida Senate begins consideration on Senate Bill (SB) 84. This bill would close the Florida Retirement System (FRS) Pension Plan to all future employees, except Special Risk Class…