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Although Oklahoma has well-performing public pensions that follow the nationally recognized best practices for pension plans, it has still been a battleground for public pensions the past several years. The conservative state legislature has considered a number of bills over…
In today’s post, we continue to shine a spotlight on right-wing politicians and anti-worker ideologues who are leading the charge to gut public pensions. Today’s subject is Illinois governor Bruce Rauner. While relatively new to the office and without the…
We’ve written before about John Arnold, the former Enron energy trader turned hedge fund billionaire, who has made it his mission to gut public pensions across the nation. We’ve also highlighted one of his notable failures: his single-handed attempt to…
Many people don’t understand how pensions work – unlike the loyal readers of ‘Defined Benefit’ – so here’s a short primer on how pensions get their money. Typically, it is from three sources: employee contributions, investment returns, and employer contributions.…
Pensions provide retirement security to many workers, but one group that particularly benefits from the security of a reliable pension is women. On average, women in the U.S. make 78 cents for every $1 a man makes. This pay inequity…
[rwd imageid=’787′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2015/11/Pennsylvania-Pensions-NPPC.png’] Politicians in Pennsylvania have been trying to gut worker pensions for years. In this state-focused series at Defined Benefit, we’re going to give you the background on this battle to protect retirement security in…
Many Americans believe that a retirement security crisis is looming; they feel it in their daily lives. Many Americans also believe that one of the benefits of a lifetime of hard work should be a secure retirement. The question for…
[rwd imageid=’768′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/02/Alabama-Pensions.png’] The health of Alabama’s pension system has been in the news a lot recently. Why the sudden interest in Alabama’s pensions, you might ask? Well, it has a lot to do with some familiar…
Today we continue shining a spotlight on anti-pension politicians and activists by turning to the story of John Arnold. Arnold got his start at Enron, where he left with an $8 million golden parachute as the company collapsed, wiping out…
Occasionally here on Defined Benefit, we like to highlight the work of one of our partner organizations. Protecting retirement security for public workers is hard work and we can’t do it by ourselves. Today we’re taking a look at the…
What do you think of when you think of Wisconsin? The Green Bay Packers? Fried cheese curds? Anti-worker (failed) presidential candidates? Here at Defined Benefit, when we hear Wisconsin we think of a fully-funded model pension system. Wisconsin’s pension system,…
In the conversation around public pensions, there are a lot of myths that get repeated over and over again. We’re going to dispel three of the most common myths here. Myth #1: Pensions are Underfunded and Unsustainable Fact: Most public…