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Tomorrow is Groundhog Day. This is also the time of the year when many state legislatures are beginning their sessions and legislators are introducing bills – some of which attack pensions. To commemorate these two occasions, we are re-posting this…
We’ve been talking a lot this month about the economic benefits of public pensions at both the state and national levels. Through the investment activities of the pension fund and the spending of pension benefits by retirees, public pension plans…
It should come as little surprise that the amount a worker earns during their career has a direct impact on the amount they can save for retirement. The higher the earnings, the greater the retirement savings. The same is true…
Last week we wrote about the new Pensionomics report from the National Institute on Retirement Security (NIRS). The report examines how public pensions benefit the national economy by supporting local jobs and stimulating economic activity. The Pensionomics report also contains…
The National Institute on Retirement Security (NIRS) released the most recent update of their Pensionomics report this month. Released every two years, Pensionomics assesses the impact that public pensions have on local, state, and national economies. This year’s report finds…
Today marks the 24th day of the partial shutdown of the federal government. As the shutdown drags on, the effects are becoming more widespread. Some of those most significantly impacted are federal employees who have either been furloughed or forced…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the…
Across the country, new governors and state legislators are being sworn into office this month. Many of these policymakers will cast votes and make decisions regarding public pensions during their time in office. New legislators often enter office with little…
A new year is upon us and state legislatures will begin their new legislative sessions as early as this week in some states. Following last year’s midterm elections, we expect this year will be a very active year for state…
During this holiday season, many people are fortunate to enjoy winter vacations and travel to spend time with family and friends. For many public employees, however, their work does not stop for the holidays. Every year, there are thousands of…
Kentucky and its public pensions are often in the news and this year has been no exception. In just the past two weeks, the Kentucky Supreme Court unanimously struck down the hurriedly passed pension-gutting bill, SB 151, and then Governor…
Earlier this week, the article West Haven PD, losing officers, pleads with city to return to a traditional pension plan was published in the New Haven Register. The article details how ten years after the city switched the police department…