Tag: Pension reform
Tag: Pension reform (page 2)
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Converting Pension Plans from Defined Benefit to Defined Contribution: The Myths and the Messaging Part 2
In part one, I discussed how policymakers can successfully message the issue of transition costs by pointing out some of the moral dilemmas created by defined benefit…
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Converting Pension Plans from Defined Benefit to Defined Contribution: The Myths and the Messaging Part 1
Welcome to part one in a series on how to successfully explain the conversion of public pension plans from defined benefit (DB) to defined contribution (DC) to legislators and the…
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Pensions, Incentives and Mismanagement
The most recent edition of Unaccountable, Unaffordable, the ALEC Center for State Fiscal Reform uncovered a disturbing trend in pension management. States that are…
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Unaccountable, Unaffordable 2017
Unaffordable and Unaccountable 2017 surveys the more than 280 state-administered public pension plans, detailing their assets and liabilities. The unfunded liabilities (the amount by which the present value of liabilities…
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Pension Obligation Bonds Could Unravel Pension Reform Victory
Issuance of POBs will negate the recent pension reform victory by shifting current pension costs to future taxpayers and gambling the commonwealth’s fiscal health on risky arbitrage.
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ALEC Applauds Michigan’s MPSPERS Pension Reform Efforts
This reform package preserves retirement security for existing and future employees while putting in place a more fiscally sustainable benefit for new workers. Both teachers and taxpayers win.
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Pennsylvania Passes Bipartisan Pension Reform
By preserving retirement security for existing and future employees while putting in place a more fiscally sustainable benefit for new workers, both public employees and taxpayers win.
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Enhanced Integrity in Public Employee Pension Plan Reporting
Model Resolution Section 1 {Title.} This Resolution may be cited as the Resolution Calling for Enhanced Integrity in Public Employee Pension Plan Reporting Section 2 {Definitions.} (A) In this Resolution:…
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State of the State: South Carolina
The Clemson Tigers’ historic win in Monday’s National Championship game may be at forefront of the minds of everyone in South Carolina, but the Palmetto State has much more of which…
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For Economic Opportunity, the Redder the Better
Many of America’s bluest states are deep in the red thanks to tried-and-failed progressive policies. The Illinois General Assembly can’t pass a long-term budget deal, leading to significant losses…
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Growth in the Desert
By abandoning the tax-and-spend playbook and prioritizing sound budgeting, state officials and legislators continue to help Arizona separate itself from economically overburdened states like Illinois, Connecticut and Pennsylvania.
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Arizona Passes Fundamental Pension Reform
According to the Reason Foundation’s Pension Integrity Project, the reform package will save Arizona taxpayers a combined $1.5 billion over 30 years.
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State of the State: Hawaii
Governor Ige is right to focus on enhancing Hawaii’s ability to compete in the global economy. However, these new initiatives fail to address the root problem—Hawaii’s uncompetitive business climate.
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State of the State: Utah
Few states in the nation can rival Utah’s commitment to fiscal responsibility and economic competitiveness. A lesser writer would even say that the Beehive State’s economy is buzzing. Utah’s consistent…
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Resolution in Support of Pension Reform Bridge Funding and Compliant OPEB Liability Funding
Whereas, State, County and Municipal Governments have accrued trillions of dollars in unfunded Pension and OPEB Post-Retirement Benefit Liabilities over the course of many decades. Whereas, these unfunded Pension and…
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Jonathan Williams Discusses Pennsylvania’s Competitiveness on PMA Perspective
Jonathan Williams Discusses Pennsylvania’s Competitiveness on PMA Perspective On Sunday night, Vice President for the Center for State Fiscal Reform, Jonathan Williams, joined Carl Marrara of the Pennsylvania Manufacturers Association…
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New Poll Reveals Strong Majority of Americans Support Pension Reform
State pension plans across the country continue to face significant fiscal challenges. In fact, nonpartisan fiscal watchdog State Budget Solutions estimates that state pension unfunded liabilities now total…
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University of California Pension Costs Force Tuition Increase
Time and time again, California proves itself to be a what-not-to-do handbook for states looking to responsibly balance their budgets. This reputation was clearly on display by the University of…
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Unfunded Public Pension Liabilities Reach $4.7 Trillion
As newly elected state legislators across the country consider what issues to address, they are likely to encounter the growing storm cloud of unfunded pension liabilities. According to Promises…
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Tax Reform and Pension Reform
This appeared on PublicSectorInc.Org on March 11, 2014. Congressman Dave Camp’s recently released tax reform draft has stimulated a much-needed national conversation about the U.S. tax code, attracting …