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WASHINGTON, June 4, 2020 /PRNewswire/ — With schools facing unprecedented challenges in the wake of the COVID-19 pandemic, the Center for State and Local Government Excellence (SLGE) and ICMA-RC have released new research that assesses K-12 public school employees’ views on their job and benefit…
American women are facing a much bigger retirement crisis than men. They are likely to earn less during their working lives, and then to live longer after they retire. And if they take on extra unpaid responsibilities instead of paid…
Legislation granting cost-of-living adjustments for retirees in six Oklahoma pension plans, including teachers, firefighters, police, public employees and justices and judges, was signed into law Thursday by Gov. Kevin Stitt. House Bill 3350 bases COLAs on the number of years…
The COVID-19 pandemic has had a devastating impact on families and communities across the country, but the crisis has underscored the vulnerability of older Americans in particular. That’s why the AFT sent a letter to Senate Majority Leader Mitch McConnell…
WASHINGTON–(BUSINESS WIRE)–Public pension funds helped power the U.S. economy during 2018, generating $179.4 billion more in state and local government revenues than taxpayers put in, according to a biennial study by the National Conference on Public Employee Retirement Systems. Public pensions’…
Don’t let the debate over a federal bailout for states — which every state is going to need, in the wake of the coronavirus pandemic — get hijacked by what we’re going to call the “pension pariah.” President Trump and…
For most Americans these days, timing is everything when it comes to retirement. At the moment, it looks like those who recently retired or who are on the cusp of retirement may have picked a bad time to be born.…
The coronavirus outbreak impacted the late stages of the 154th regular session of the Kentucky General Assembly that ended Wednesday. The pandemic prompted the legislature to make changes to usual procedures. Lawmakers went from considering drafts of a two-year state…
When the retirement expert Alicia H. Munnell finished gathering data for a study on American workers ages 50 to 62 in jobs without benefits, she was stunned. “When I looked at the results I thought, ‘This can’t be right,’” Dr. Munnell, director…
DENVER (CBS4) – Gov. Jared Polis has given firefighters and police officers killed or injured in the line of duty more protection. He signed House Bill 20-1044 which gives the Colorado Fire and Police Association Pension Board more flexibility in adjusting contributions.…
LOUISVILLE, Ky. (WDRB) – Kentucky lawmakers negotiating the state’s next two-year budget agreed Wednesday to fully fund the Kentucky Teachers Retirement System (KTRS), rejecting the Senate’s proposal to withhold more than $1 billion in funding in exchange for structural reforms to the…
The coronavirus’ potential impact on the global economy has sent shock waves through the U.S. stock market, with successive slides that spell bad news for public pensions. Over the last month, all the market gains made last year have been…