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Kentucky gives away millions of dollars in corporate subsidies and tax loopholes, an amount that far exceeds the annual cost of funding public pensions. That is the conclusion of a new report released yesterday by Good Jobs First, a national…
There are plenty of differences and a few thousand miles between Frankfort, KY, and Silicon Valley. Despite these differences, San Jose, CA, offers lessons for Kentucky legislators about the mistakes made by the anti-pension activists who tried to gut pensions…
This autumn the New Hampshire Decennial Retirement Commission is meeting to consider the future of the New Hampshire Retirement System (NHRS), the state’s public pension plan. The commission is supposed to issue a report by November 1 detailing their recommendations,…
We first discussed Secure Choice plans back in March of this year. At the time, Congress was moving forward with repealing Obama-era regulations that would have made it easier for states to establish these plans. Unfortunately, Congress passed and President…
The narrative promoted by anti-pension ideologues is that defined benefit pensions are a thing of the past. These pension critics falsely claim that cities and states are abandoning pensions. One city in Missouri is proving them wrong. The city of…
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…