Tag: Pension reform
Tag: Pension reform (page 3)
-
Pension Expert: Local Pennsylvania Downgrades Lurk
With new accounting rules looming, states and municipalities are beginning to realize that their unfunded pension liabilities are much more severe than they had previously estimated. Defined-benefit pension plans, the…
-
Pension Interview with Pennsylvania Manufacturers’ Association
Jonathan Williams, Director of ALEC’s Center for State Fiscal Reform, was a recent guest on the Pennsylvania Manufacturers’ Association show, PMA Perspectives, broadcast statewide on PCN. During the show, he…
-
Pension Myths Keep Us From Making Badly Needed Reforms
As 2014 brings in new struggles for cities and states to pay for employee legacy costs while still funding the essential functions of government, policymakers on both sides of the…
-
The $5.1 Trillion Elephant in the Room
State Budget Solutions, a non-partisan public policy organization, has released their 4th annual report on state debt. The findings are not pleasant. The data shows that the total…
-
Pension Reform: Polling and Millennials
In the wake of public finance debacles like Detroit and important studies of the depth of the problem, the public is becoming aware of the national crisis facing state and…
-
New State Budget Solutions Study Shows $4.1 Trillion Pension Funding Gap
It’s no secret that most state pension plans across the country are deep in the red. However, a study by the nonpartisan group State Budget Solutions, Promises Made,…
-
New Guide: Illinois Pension Reform is Possible
The American Legislative Exchange Council Center For State Fiscal Reform’s latest publication, Keeping the Promise: State Solutions for Government Pension Reform, offers a solution-based perspective that should be valuable…
-
Alaska’s Bold Pension Reforms
By Nick Oswald Unfunded pension liabilities are becoming a greater and greater threat to state budgets. However, the American Legislative Exchange Council’s publication, Keeping the Promise: State Solutions for…
-
Michigan Pension Reform: A Model for the Nation
Americans have become accustomed to hearing about unfunded liabilities generated by the various federal entitlement programs, but many state and local governments have serious public finance problems looming as well.
-
Successful Pension Reform in Rhode Island
In ALEC’s latest publication, Keeping The Promise: State Solutions For Government Pension Reform, former State Senator Dan Liljenquist details how the state of Rhode Island successfully addressed its unfunded…
-
The Utah Pension Reform Model
At a time when nearly all state government pension funds are suffering from severe underfunding, there are a few bright spots that stand out. Utah is one such bright spot…
-
Keeping the Promise: State Solutions for Government Pension Reform
Navigating the difficult waters of unfunded liabilities and public pension reform can be a daunting task, which is why the American Legislative Exchange Council Center for State Fiscal Reform has…
-
SEC: Illinois’ Underfunded Pensions are Fraud
This week, the Securities and Exchange Commission announced it had settled a charge against the State of Illinois for civil securities fraud. The SEC accused Illinois knew it would…
-
Solutions to the Public Pension Crisis
Public pensions at the state and municipal levels are unsustainable in their current form.
-
Deep Blue Pension Reform
It’s no secret that America’s pensions are a major cause of fiscal stress across the country. According to a report last year from State Budget Solutions, most analysts agree that…
-
State Pension Funds Fall Off a Cliff
Executive Summary This study examines different measures of historical and current funding shortfalls in state pension plans. Two case studies are examined in greater depth to explore some…