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Today NPPC released a new report titled Oregon PERS Must Be Protected. The report considers the history of the Oregon Public Employees Retirement System (PERS) and the changes that have previously been made to it. The report then examines 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).…
Today we are resharing a post from September 2017 about a report from Good Jobs First, a national nonpartisan organization that tracks economic development programs. Their report found that Kentucky gives away far more each year through corporate subsidies and…
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 spent a lot of time on this blog discussing the plight of working families struggling to save for retirement. It’s a challenge for many Americans to save for retirement with the decline of pensions in the private sector and…
We’ve written about the growing retirement security crisis many times. We’re not the only ones to warn about it either. Back in October, the Government Accountability Office issued a significant report on the lack of retirement security for many working…
On Tuesday, we wrote about a new case study examining the experiences of Palm Beach, FL after the town closed its defined benefit pension plan for police officers, firefighters, and other municipal employees. Palm Beach is certainly not the only…
In 2012, Palm Beach, Florida decided to close all of its public pension plans and move current and future employees to a hybrid defined benefit-defined contribution plan. This move gutted retirement security for public employees. In response, Palm Beach experienced…
Full funding of public pensions is one of the most hotly debated subjects in state legislatures across the nation. It’s generally accepted that public pensions should aim to be 100 percent funded. However, does full funding actually relate to the…
Today the National Public Pension Coalition released a new report titled A School’s Choice: Retirement Security for Charter School Teachers. The report focuses on states where public charter schools have the option of participating in a public pension plan or…
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…
In many states, the amount given away in subsidies and tax breaks to big corporations exceeds the amount needed to fund public pensions each year. That is the conclusion of a new report from Good Jobs First, a nonpartisan economic…