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Public Pension Plans: Laboratories of Democracy
The Tenth Amendment of the U.S. Constitution protects states’ prerogative to design and implement public policies that address each state’s unique demographics, political culture, and fiscal...
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The Cost of Pensions
On a nationwide basis, pension costs for state and local governments are roughly three percent of total spending. According to data from the U.S. Census Bureau, pension costs since 1980 have been...
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Disclosing Pensions: Public Rights, Privacy, and Financial Fraud
There is no question that it makes for good headlines to declare who is making what dollar amount in pension payments. Certainly, watchdog groups have taken advantage of doing so, or conjectured...
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Claiming a Pension Crisis
cri·sis noun \ˈkrī-səs\ an unstable or crucial time or state of affairs in which a decisive change is impending; especially : one with the distinct possibility of a highly undesirable outcome The...
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Leadership and Public Pensions
“Search all the parks in all your cities … You’ll find no statues of committees.” We’ve all seen it happen, in any type of organization: assign a question to a committee and too often you get delay and...
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What Pension Funding Tells Us
The percentage of a pension plan’s funding is usually considered as the primary indicator of the plan’s health. That is predominantly how policymakers and the media refer to it. Consider the recent...
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Experts Set the Record Straight
A growing chorus of credible voices across the political spectrum confirms that government employees’ defined benefit pensions are inherently flawed and cannot survive without drastic fundamental...
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The Us vs. Them of Pensions
This past month, three influential public sector publications – Governing, Pensions & Investments, and Institutional Investor – published “us versus them” stories about pensions, commenting who is...
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One Man’s Push for Federal Oversight of Public Plans
A December New York Times article cited the “Pension Task Force report on public employee retirement systems” and its author Mr. Russell Mueller. Mr. Mueller worked for Congressman John Erlenborn...
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