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August 7, 2018 is Black Women’s Equal Pay Day. This is the day in the year when black women finally catch up and earn as much as white men earned in the previous year. Since black women only earn 63…
The fight to protect pensions is a national one, but the battles are fought state by state. NPPC works with state partners across the country to protect pensions from attacks by John Arnold, Pew, and their allies. Today we want…
Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind the…
Last week we wrote about Minnesota and the collaborative process that led to the unanimous passage of pension legislation that will shore up the pension systems there. Minnesota showed the right way to do things: bring everyone to the table…
We frequently write on this blog about states where politicians are attacking public pensions. For much of the past decade, public pensions have been criticized by anti-pension ideologues and opportunistic politicians have sought to undermine them. Today we want to…
Public pensions depend on full funding in order to succeed. More than anything else, public pension plans need to receive their full contributions each and every year. Public employees contribute to their pensions with every paycheck and they never miss…
Last month the Board of Trustees for Social Security released their annual report on the program’s finances. Much of the information was the same as in previous years: the Social Security trust fund is projected to be exhausted in 2034.…
In June, Congressman Devin Nunes (R-CA) reintroduced the Public Employee Pension Transparency Act (PEPTA). Rep. Nunes has introduced this legislation for the past four Congresses. PEPTA would require state and local public pension plans to disclose their unfunded liabilities to…
In late June, a circuit court judge in Kentucky ruled that Senate Bill 151, the stinking, pension-gutting law, is unconstitutional. The extremely rushed process by which the state legislature passed the bill clearly violated state law and rendered the entire…
Earlier this year, we exposed John Arnold’s “web of connections.” This is the wide variety of groups he funds to attack public pensions. Many of these groups are connected to each other and many of them cite each other’s work…
The Reason Foundation is a prominent, national libertarian advocacy organization. Their advocacy covers a wide range of public policy issues, but one area where they are particularly focused is public pensions. For their work campaigning against public pensions, they have…
Earlier this year, we wrote about Cost of Living Adjustments (COLA). To recap, a COLA is an adjustment in the amount of a pension benefit to account for inflation. Since the price of almost everything is constantly going up due…