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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…
Beware, friends, of the frights that lay ahead: it’s once again time to enter the Haunted House of Pension Horrors. In our annual tradition, we will take you through the spooky and blood-chilling attacks on the retirement security of working…
This week there has been a lot of discussion about the forthcoming Republican tax reform plan. In particular, there has been significant coverage of President Trump’s tweet about 401(k)s and protecting their current tax status. The president’s tweet has prompted…
Today the National Public Pension Coalition released a new report titled A School’s Choice: Retirement Security for Charter School Teachers. The report focuses on states where public charter schools have the option of participating in a public pension plan or…
This week we’ve been documenting the dismal state of retirement security in the United States and the ways in which governments at both the state and federal levels contribute to the retirement security crisis. As National Retirement Security Week, or,…
In Monday’s blog post we documented the sad state of retirement security in the United States today. Many working families have little or no savings and will face a lower standard of living in retirement. Unfortunately, the government, at both…
This week is National Retirement Security Week. Every year this week is used by the financial industry to promote retirement savings through their products and services. While we applaud the goal of promoting adequate retirement savings for all Americans, the…
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…
Next month Maine will vote on a state question that would amend the state constitution to improve public pension funding. State Question 4 would increase the amortization period for the pension plan to recover investment losses from 10 years to…
In many states, the amount given away in subsidies and tax breaks to big corporations exceeds the amount needed to fund public pensions each year. That is the conclusion of a new report from Good Jobs First, a nonpartisan economic…
The overwhelming majority of public school teachers in the United States participate in traditional defined benefit pension plans. This year, however, Michigan and Pennsylvania both made significant and harmful changes to their pension plans for teachers and other public school…