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Retirement has long been a part of the American dream. Throughout the twentieth century, the belief was that after a lifetime of hard work, workers could retire and enjoy their golden years. When defined benefit pensions were still common in…
The financial crisis and Great Recession had a devastating effect on public pension plans. On average, public pension plans lost about a quarter of the value of their assets due to the crisis. In the years since the recession, almost…
Today is Tax Day. We thought this would be a good time to re-post a blog post from two years ago that answered the question: how many tax dollars go to public pensions? Taxpayer contributions to public pensions represent a…
Today we are resharing a post from September 2017 about a report from Good Jobs First, a national nonpartisan organization that tracks economic development programs. Their report found that Kentucky gives away far more each year through corporate subsidies and…
The fight to protect pensions in Kentucky has been long and drawn-out. Despite months of promises, Governor Bevin never called a special legislative session last year to address tax reform and public pensions. Earlier this year, members of the Kentucky…
Since beginning his crusade against public pensions, John Arnold has been relentless in his attacks on retirement security for working families. Often, he pays others to do his dirty work for him. For example, he funds biased research from the…
Following the successful strike of teachers in West Virginia for higher pay, there has been increased focus on the longstanding issue of low pay and benefits for public school teachers. This is a critical issue that we’ve discussed before. One…
As we’ve discussed plenty of times, politicians will often attack public pensions for their own political gain. There is a perfect example of this in Colorado, where the state treasurer, Walker Stapleton, is using attacks on public pensions to fuel…
Last month, Kentucky State Senator Joe Bowen introduced Senate Bill 1, legislation that would make harsh, unnecessary changes to Kentucky’s public pension plans. SB1 was the long-awaited pension bill that had been promised for months by Republican legislative leaders in…
In a blog post last week, we discussed the fact that many Americans plan to work in retirement just to make ends meet. As we’ve mentioned before, though, many people won’t be able to continue working in retirement and may…
Once there was a time in America when retirement meant enjoying your golden years. It could be taking a long-awaited trip, volunteering in your community, or spending time with the grandkids. Retirement, however, did not mean continuing to work. Unfortunately,…
We’ve spent a lot of time on this blog discussing the plight of working families struggling to save for retirement. It’s a challenge for many Americans to save for retirement with the decline of pensions in the private sector and…