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Last night the Denver Broncos won Super Bowl 50. For Denver’s starting quarterback Peyton Manning, this was almost certainly his last game before retirement. Once Manning enters retirement, there is one thing he can count on: his defined benefit pension.…
[rwd imageid=’768′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/02/Alabama-Pensions.png’ alt=“Alabama State Pensions”] Alabama has strong public pensions. The Retirement Systems of Alabama manages assets of over $37 billion and annually pay out close to $3 million in benefits. RSA earns strong returns on…
[rwd imageid=’765′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/02/Oklahoma-Pensions.png’] Oklahoma’s 2016 state legislative session starts today. Oklahoma has been in the news a lot recently for a couple of big problems: a teacher shortage and a revenue failure. Neither of those issues directly…
Last week I wrote about the book release of Retirement on the Rocks by Professor Christian Weller. In addition to being an economics professor at UMass-Boston, Weller is also a senior fellow at the Center for American Progress. In October…
[rwd imageid=’772′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Virginia-NPPC-Pensions.png’] Virginia’s public employees have endured a couple rounds of cuts to their defined benefit pensions in the past several years. Most recently, in 2012, the Virginia General Assembly passed a law that forced new…
[rwd imageid=’776′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Missouri-Pensions-NPPC.png’] Retirees and public employees in Missouri should feel good about the security of their retirement. Missouri’s public pensions are healthy and state politicians have largely avoided unnecessary, misguided attacks on pensions. Last year, the…
Last week, NPPC’s executive director Bailey Childers wrote on CNBC about the December 2015 jobs report. She talked about how the release of Star Wars: the Force Awakens accounted for thousands of new jobs, but those jobs aren’t likely to…
[rwd imageid=’779′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Michigan-Pensions-NPPC.png’] This week the Michigan state legislature began its 2016 legislative session. As legislators there consider how best to provide retirement security to public employees, it’s important to look back on Michigan’s history. In 1997,…
[rwd imageid=’781′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Colorado-Pensions-NPPC.png’] The Colorado state legislature begins its 2016 legislative session today, with pensions and retirement security both on the agenda for this year’s session. During the break between the 2015 and 2016 legislative sessions, three…
Pension systems thrive when they are well-funded. There is no better example of this than the Wisconsin Retirement System: it has been fully funded since 2003. There’s no secret formula here that makes WRS such a success- the state makes…