Tag: EPS26 Pension Reform
Tag: EPS26 Pension Reform
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Modernizing Public Sector Defined Contribution Plans Act
Public Sector Retirement Income Plan Act Chapter 1. Creation of…
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New Ohio Law Follows ALEC Model to Protect Pensioners and Taxpayers
In December, Ohio Governor Mike DeWine signed Senate Bill 6, which codified the gold standard of state fiduciary rules to protect public pension beneficiaries and taxpayers. The legislation follows the…
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Unaccountable and Unaffordable, 7th Edition
Unfunded state pension liabilities total $6.96 trillion or just under $21,000 for every man, woman, and child in the United States. As noted in this report last year, the total…
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State Government Employee Retirement Protection Act
(1) Definitions (a) The term “defined benefit pension plan” or “plan” shall mean any plan, fund or program which was heretofore or is hereafter established, maintained, or offered…
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Defined-Contribution Pension Reform Act
Intent Section The Legislature finds that the defined-benefit model of retirement benefits for state and municipal employees is not fiscally sustainable. It is the intent of the Legislature, therefore, to…
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Keeping the Promise: Getting Politics Out of Pensions
Pensions are a valuable non-wage benefit that a large majority of state and local governments offer their employees as part of their compensation packages. With approximately $3.8 trillion in total…
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ALEC Statement of Principles on Sound Pension Practices
Stability – Government pensions should be secure and safe from high risk assumptions. State and local governments should eliminate incentives to underfund pension commitments, or to over-expend benefits beyond available…