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Public pensions are the hot topic of conversation in Kentucky these days. Governor Matt Bevin has pledged to call a special legislative session this fall, most likely in October, to address the challenges facing the state’s public pension systems. Bevin…
Labor Day: the unofficial end of summer. A last hurrah of vacations, barbecues, and pools close for the season. But the holiday is more than just a long weekend – it’s a day to commemorate the immense contributions of America’s…
Traditional defined benefit pensions remain the most common retirement plan for public sector employees. 84 percent of state and local government employees have access to a pension. Increasingly, however, anti-pension ideologues say public employees should be given a choice between…
As we’ve documented before, the Trump administration has taken multiple actions that will weaken the retirement security of working families. From attacking the pensions of federal employees to hindering the work of states to enact Secure Choice savings programs, the…
Those who do not learn from history are doomed to repeat it – and it’s prime time for Kentucky lawmakers to learn a history lesson. Kentucky’s public pension funds face very real challenges, caused by decades of underfunding on behalf…
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 the Kentucky Center for Economic Policy (KCEP) and the Keystone Research Center (KRC) released a new report on public pensions in Kentucky. The report, titled “Switch to 401k-Type Plan for Kentucky Public Employees Will Cause More Harm,” finds that…
In the fight to protect pensions, education is key. We’ve answered some of the most commonly asked questions about public pensions. For more information on all things pension, check out our Glossary of Common Pension Terms. What is a pension? A…
Nearly two-thirds of Americans can’t pass a rudimentary financial literacy test. This illiteracy extends to retirement: when quizzed on their retirement income knowledge, 80% of Americans ages 60-75 failed. Fortunately, in our increasingly digital age, the information needed to educate…
Many Americans believe that a retirement security crisis is looming. According to a recent survey, 88 percent of Americans agree that the nation faces a retirement crisis. Many Americans also believe that one of the benefits of a lifetime of…
The Pew Charitable Trusts are a widely respected source of information on a great number of subjects. Pew provides objective, non-partisan analysis on issues ranging from religion & public life to the health of the oceans. Unfortunately, one division of…
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…