APRIL 16, 2018
MINNESOTA NEWS + OPINION
Minneapolis
Star Tribune
Teachers,
firefighters and other public
employees who plan to retire have a stake in a political showdown at the State Capitol. Minnesota's public employee pension funds have been strained as baby boomers retire and people
live longer and would eventually run out of money to support retirees
without ...
Citizens League
As the Pioneer
Press reports, “government pension plans are paying out more than they are
taking in.” According to the latest valuation reports, state public pensions
should have $16 billion more in investments right now to pay for future
retirement benefits that have already been earned by public ...
NATIONAL NEWS + OPINION
Mother
Jones
The
New York Times ran a piece this weekend about the growing burden of paying public pensions. Naturally it features
a few examples of outrageously high pensions, but the overall gist is that the
cost of pensions is getting so high that it's crowding out spending on other
things. Dean Baker comments:.
Forbes
The New York Times
has a great story on how government pensions are a big problem that are
crowding out spending. The article discusses a retired college president who
has a $76,000 a month pension as an example, but the problems go far beyond the
top 1% of government employees. Consider ...
The Center for Economic and
Policy Research
There has been an
ongoing battle in major media outlets against public sector pensions. Papers
like the New York Times and the Washington Post have regularly featured pieces
telling readers that these pensions are unaffordable. This crusade, carried on
mostly in the news pages, has often taken ...
New York Times
Oregon's Public
Employees Retirement System has told cities, counties, school districts and
other local entities to contribute more to keep the system afloat. They can
neither negotiate nor raise local taxes fast enough to keep up. As a result,
pensions are crowding out other spending. Essential services ...
USA TODAY
... have joined
together as the Kentucky Public Pension Coalition say they're supporting the
teachers and specifically are against the pension-reform bill, which Bevin
signed Tuesday. Among the coalition's members are Jefferson County Teachers
Association, the Kentucky Retired Teachers Association, ...
PLANSPONSOR
A new Issue Brief
publication from the Center for State and Local Government Excellence seeks to
answer the broad and challenging question, “How Have Pension Cuts Affected
Public Sector Competitiveness?” The analysis explores the impacts of public
pension reform from 2005 to 2014, finding some ...
CNNMoney
In most states,
public pension funds don't have enough money to pay for benefits they've
promised to government workers. The problem is getting worse. Overall, the
shortfall across states grew by $295 billion between 2015 and 2016, according
to a new report from The Pew Charitable Trusts.
Governing
At
least one Kentucky school district has already canceled school so that teachers
and other schools employees can rally in Frankfort on Friday, as the General
Assembly returns for its last two days in session. Trimble County Public Schools announced the closing
Monday night, saying that officials ...
AlterNet
And under a state
law governing public employees, Texas teachers risk losing their teaching
certificates and pensions if they go on strike. Texas' pension program for
retired teachers isn't terribly generous: thanks to Republican Gov. Greg Abbott
and Texas' GOP-controlled legislature, retired teachers ...
Show-Me Institute
Andrew Biggs'
Show-Me Institute essay on the current condition of the Missouri State
Employees Retirement System (MOSERS) demonstrates that, like so many state
plans, MOSERS is experiencing a decline in its funding health. This is bad for
public employees and for taxpayers. Consider the costs to ...
Law & Crime
Other foundations
involved in Facebook's new elections initiative include the Laura and John
Arnold Foundation, a philanthropic organization “strongly criticized for its
aggressive, behind-the-scenes funding of efforts to dismantle public pensions
and limit patients' access to prescription drugs,” according ...
CNN
The state has
ranked 49th in the nation in teacher salaries, according to the National
Education Association, in a list that includes Washington, D.C. Only .... The
bill would affect new teachers and move them to a hybrid cash-balance plan
rather than traditional pensions, and would limit new sick days that ...
American Enterprise Institute
Sweden has a
reputation for providing expensive cradle-to-grave social welfare protection,
but in 1998 the country put in place a public pension reform more conservative
than most of the plans now sponsored throughout the industrialized West. The
1998 reform imposed a budget constraint on pension ...
CBS News
BlackRock's
gun-free ETFs or 401(k) plans could provide a smoother route for pension funds
managed for public school teachers in states such as Florida, where an assault
rifle made by American Outdoor was used to kill 17 people at a high school in
Parkland. The Florida teachers' fund owns shares of ...
Census
Bureau
ASSETS
GROWTH CONTINUES. For the 100 largest public-employee
pension systems in the country,
assets. (cash and investments) totaled $3,785.9 billion in the fourth quarter
of 2017, increasing by 2.7 percent from the 2017 third quarter level of
$3,684.7 billion. Compared to the same quarter in 2016 ...
Reuters
He said news accounts
about protests in Oklahoma and West Virginia focused almost entirely on pay
while giving little attention to teachers' public pensions, summers off and
other benefits. “If Oklahoma is like any other state, the pay for public
workers is higher than that for private workers,” Norquist, ...
Forbes
Years ago, as an
actuarial student, preparing for actuarial exams, I learned the ins and outs of
pension plan funding methods and funding requirements, and I have a vague
memory of reading about public pensions, which were not a part of my day-to-day
work. I remember pretty much two items: first, the ...
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