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One of President Barack Obama’s top economic advisers said abusive trading practices are costing workers billions of dollars in retirement savings each year and called for stricter rules on Wall Street brokers.
Over the past several years, a key Pennsylvania political debate has centered on the issue of public pensions. Conventional wisdom from the General Assembly said that in order to deal with our significant debt problems, we have to end traditional…
The National Public Pension Coalition (NPPC) announced Wednesday that Bailey Childers has been named the new Executive Director. Childers replaces outgoing Executive Director, Jordan Marks.
When former Enron trader and Texas billionaire John Arnold donated more than $1 million to a November 2014 initiative to reform the public pension system in Phoenix, pension activists took notice.
It’s not just basic finance, it’s common sense: A large pool of money invested by professionals will yield far greater returns than small, separate accounts managed by individuals with no professional training in finance.
New Jersey’s public employee pension plans ranked among the least generous of top public pension plans in the country, according to a report released today
Good highways, pensions for public employees and children are the latest victims of Gov. Sam Brownback’s $1.1 billion tax-cut blunder. And the Kansas Legislature will be forced to slash the state budget by hundreds of millions more in coming months,…
Voters in Phoenix have rejected a proposal, funded in part by a hedge fund billionaire, to convert the pension system for city workers to a 401k-style retirement plan favored by most U.S. private employers.
City voters rejected Proposition 487, which would have ended the city’s traditional pension system. Hedge fund billionaire John Arnold funneled more than $1 million into the anti-pension campaign through his political action committee.
For the very few severely distressed cities that may consider bankruptcy, the question will not be whether they can reduce pensions, but whether they should. In Stockton, the answer to that question was clear to all with a stake in…
A push to reform Phoenix’s retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America’s public pensions.
Over the past several decades, we have seen a number of alarming private-sector workplace trends that have diminished the relationship between employer and employee. The rise of contractors and temp employees, outsourcing, and diminished benefits have all led to an…