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When pension benefits are cut, public employees and retirees are hurt. In the past decade, every state has made changes to its public pension systems, some more significant than others. Teachers, firefighters, and other public employees have been asked to…
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…
Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s,…
During its legislative session this year, the Texas Senate confirmed Josh McGee as the Chairman of the Texas Pension Review Board. This should concern everyone who cares about the retirement security of public employees in Texas because McGee is also…
In his 2018 budget proposal unveiled last month, President Donald Trump proposed attacks on the pensions of federal employees. We wrote about how harmful these cuts would be to the retirement security of federal employees. However, these proposed cuts would…
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…
Public pensions generate significant economic activity in cities and states across the nation. Public workers and their employers contribute to the pension fund and those pension funds earn a meaningful return on their investments. That money goes back into the…
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…
States across the country, from Wisconsin to Oklahoma to Alaska, are experiencing teacher shortages. Fewer people are preparing to become teachers and it is becoming more difficult for states to find qualified individuals to replace teachers who quit or retire.…
Today President Trump released his proposed 2018 budget for the federal government. His proposal includes a harsh attack on the retirement security of federal employees. Unfortunately, this proposal follows a pattern of attacks on the retirement security of working families…
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…
Kansas is home to tornadoes and the Land of Oz. It is home to more cows than people. It is also the site of a massive, failed experiment in tax policy. When Kansas passed large tax cuts several years ago,…