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Public pension plans continue to improve their funding levels. This is the big takeaway from the latest plan survey by the National Conference on Public Employee Retirement Systems (NCPERS). Each year NCPERS, a trade association representing more than 500 state…
Many state legislatures have been meeting for a month now. We’re already seeing legislation that would impact public pensions in both positive and negative ways. One group that has been actively attacking pensions is the Reason Foundation. Employees of the…
Retired public employees in Wyoming have not received a cost of living adjustment (COLA) in over a decade. COLAs are necessary to adjust for inflation. The price of almost everything, including food, medicine, and rent, tends to increase over time.…
Tomorrow is Groundhog Day. This is also the time of the year when many state legislatures are beginning their sessions and legislators are introducing bills – some of which attack pensions. To commemorate these two occasions, we are re-posting this…
We’ve been talking a lot this month about the economic benefits of public pensions at both the state and national levels. Through the investment activities of the pension fund and the spending of pension benefits by retirees, public pension plans…
Last week we wrote about the many ways race and ethnicity affect retirement savings. Today, we want to focus more closely on the challenges many Latinos face in saving for retirement. Despite being the fastest-growing demographic group in the United…
It should come as little surprise that the amount a worker earns during their career has a direct impact on the amount they can save for retirement. The higher the earnings, the greater the retirement savings. The same is true…
Last week we wrote about the new Pensionomics report from the National Institute on Retirement Security (NIRS). The report examines how public pensions benefit the national economy by supporting local jobs and stimulating economic activity. The Pensionomics report also contains…
The National Institute on Retirement Security (NIRS) released the most recent update of their Pensionomics report this month. Released every two years, Pensionomics assesses the impact that public pensions have on local, state, and national economies. This year’s report finds…
Today marks the 24th day of the partial shutdown of the federal government. As the shutdown drags on, the effects are becoming more widespread. Some of those most significantly impacted are federal employees who have either been furloughed or forced…
Across the country, new governors and state legislators are being sworn into office this month. Many of these policymakers will cast votes and make decisions regarding public pensions during their time in office. New legislators often enter office with little…
A new year is upon us and state legislatures will begin their new legislative sessions as early as this week in some states. Following last year’s midterm elections, we expect this year will be a very active year for state…