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Today’s blog post was written by Andrew Collier, Communications Director at NPPC. This year, several state legislatures have passed or attempted to pass a COLA for their retired public employees. In New Hampshire, retirees got one step closer to making…
Today’s blog post was contributed by Andrew Collier, Communications Director at NPPC. Kentucky legislators have a habit of passing legislation at the very last second, bypassing the democratic process by waiving readings and stifling input from the public. Just like…
Retired and current public employees in Oklahoma are resilient. After facing a defeat on cost-of-living adjustment (COLA) legislation last year, current and retired public employees are fighting once again for a much-needed boost in retiree benefits. On March 11th, the…
Today’s blog post was written by NPPC Communications Director Andrew Collier. If you’ve been a reader of Defined Benefit since we started this blog, you’d know that some lawmakers in Kentucky have tried to dismantle public pensions several times. Last…
If you happen to stumble across the website TeacherPensions.org, you might think it is a website advocating for the retirement security of public school teachers. You would be wrong. TeacherPensions.org is a project of Bellwether Education Partners, an “education reform”…
Public pensions are powerful economic engines for local communities, states, and the national economy. As the money in public pension funds is invested and as public pension benefits are spent by retirees, this creates economic activity that supports local jobs,…
Earlier this week, the California Supreme Court issued a major decision in a case regarding public pension benefits in the Golden State. Ruling in the case Cal Fire Local 2881 v. CalPERS, the court unanimously agreed to uphold the California…
Americans are facing a retirement savings crisis. The experts have warned about this for a while now. But do working families themselves recognize the growing crisis? The answer is overwhelmingly “yes” according to a new survey from the National Institute…
It seems like there is always some new group attacking public pensions. When one group fades away, a new group pops up to take its place. One new group on the scene is called the Equable Institute. While the group…
In the past few years, states have considered legislation that would require public pension plans to conduct financial stress testing. While we’ve mostly written about Pew’s promotion of cash balance plans, Pew is also known for traveling to states and…
One of the major news stories last week was Amazon’s announcement that they are abandoning their plans to locate part of HQ2 in New York City. Facing pressure from local politicians and concerned citizens over a variety of issues, including…
Yesterday, people across the United States celebrated Presidents’ Day. Many had the day off from work thanks to the federal holiday, which is officially Washington’s Birthday, not Presidents’ Day. Many others undoubtedly took advantage of the numerous sales offered for…