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The goal of a retirement savings plan, like a pension, is to replace a certain amount of pre-retirement income during retirement. In earlier periods of American history, many elderly citizens spent their last years in desperate poverty with little savings…
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…
We’ve written many times about the rushed and potentially unconstitutional process Kentucky legislators used to pass SB 151, the stinking anti-pension bill. While the battle is still playing out in the courts over whether the bill was passed constitutionally, we…
August 7, 2018 is Black Women’s Equal Pay Day. This is the day in the year when black women finally catch up and earn as much as white men earned in the previous year. Since black women only earn 63…
The fight to protect pensions is a national one, but the battles are fought state by state. NPPC works with state partners across the country to protect pensions from attacks by John Arnold, Pew, and their allies. Today we want…
Last week we wrote about Minnesota and the collaborative process that led to the unanimous passage of pension legislation that will shore up the pension systems there. Minnesota showed the right way to do things: bring everyone to the table…
We frequently write on this blog about states where politicians are attacking public pensions. For much of the past decade, public pensions have been criticized by anti-pension ideologues and opportunistic politicians have sought to undermine them. Today we want to…
In June, Congressman Devin Nunes (R-CA) reintroduced the Public Employee Pension Transparency Act (PEPTA). Rep. Nunes has introduced this legislation for the past four Congresses. PEPTA would require state and local public pension plans to disclose their unfunded liabilities to…
In late June, a circuit court judge in Kentucky ruled that Senate Bill 151, the stinking, pension-gutting law, is unconstitutional. The extremely rushed process by which the state legislature passed the bill clearly violated state law and rendered the entire…
Earlier this year, we wrote about Cost of Living Adjustments (COLA). To recap, a COLA is an adjustment in the amount of a pension benefit to account for inflation. Since the price of almost everything is constantly going up due…
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…
Despite what you may think, public pension plans generated more than $277 billion in state and local tax revenues in 2016. That is the groundbreaking finding of a new report from the National Conference on Public Employee Retirement Systems (NCPERS).…