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The overwhelming majority of public school teachers in the United States participate in traditional defined benefit pension plans. This year, however, Michigan and Pennsylvania both made significant and harmful changes to their pension plans for teachers and other public school…
Kentucky gives away millions of dollars in corporate subsidies and tax loopholes, an amount that far exceeds the annual cost of funding public pensions. That is the conclusion of a new report released yesterday by Good Jobs First, a national…
We first discussed Secure Choice plans back in March of this year. At the time, Congress was moving forward with repealing Obama-era regulations that would have made it easier for states to establish these plans. Unfortunately, Congress passed and President…
Traditional defined benefit pensions remain the most common retirement plan for public sector employees. 84 percent of state and local government employees have access to a pension. Increasingly, however, anti-pension ideologues say public employees should be given a choice between…
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…
Today the Kentucky Center for Economic Policy (KCEP) and the Keystone Research Center (KRC) released a new report on public pensions in Kentucky. The report, titled “Switch to 401k-Type Plan for Kentucky Public Employees Will Cause More Harm,” finds that…
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…
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…
Public pensions are not a recent creation. In fact, the earliest public pension in the United States was established over 150 years ago for police officers in New York City. We covered the history of public pensions in our recent…