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It seems like protecting pensions is a never-ending battle these days. The year 2017 certainly saw its share of attacks on the retirement security of teachers, firefighters, nurses, and other public employees. Before we look ahead to next year, it’s…
We’ve written a lot on this blog about how 401(k)s and other defined contribution plans fail to provide adequate retirement savings for most working people. There is now plenty of evidence that most workers will not save anywhere close to…
Full funding of public pensions is one of the most hotly debated subjects in state legislatures across the nation. It’s generally accepted that public pensions should aim to be 100 percent funded. However, does full funding actually relate to the…
Last week, companion bills were introduced in the Michigan House and Senate that would attack pensions and retiree healthcare for current and retired local government employees. Earlier this year, Michigan’s governor convened a task force on Responsible Retirement Reform for…
This week the U.S. Senate is busy debating its tax reform plan. Republican leaders in the Senate plan to hold a vote on Thursday and hope to pass their tax reform bill. They would then have a conference committee with…
As we’ve discussed before, public pensions in Kentucky have been the subject of much debate this year. Kentucky has some of the most poorly funded pension systems in the country, the result of years of underfunding by the state government.…
On Thursday, Americans will gather with friends and family to celebrate Thanksgiving. It is the time of year to reflect on what we are thankful for and to give thanks to those who make our communities stronger. We at NPPC…
Last month the Dow Jones Industrial Average surpassed 23,000 for the first time ever and closed at a record high. In the ninth year of an economic expansion following the devastating effects of the Great Recession, the financial markets have…
During its legislative session this year, the Texas Senate confirmed Josh McGee as the Chairman of the Texas Pension Review Board. This should concern everyone who cares about the retirement security of public employees in Texas because McGee is also…
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…
Today is Election Day in cities and states across the United States. While this is considered an off-off-year election, there are still important votes happening today, some of which will have a considerable impact on public pensions. Here’s a quick…
The first public pension plan for teachers was established in Manhattan in 1894. In the 1910s, six states established teacher pension plans. More states followed suit and now the overwhelming majority of public school teachers in the United States participate…