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Tomorrow, Pew Charitable Trusts is headed back to Jacksonville to propose a so-called “solution” to Jacksonville’s pension problems – shifting the city into a private 401(k)-style or cash-balance plan that will rob Jacksonville’s police officers and firefighters of their retirement…
In the bankruptcy, the modest pensions of Detroit’s firefighters, police officers, and other city employees could be all but wiped out, even as Wall Street banks continue to extract hundreds millions of dollars from thecity’s economy.
For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of “entitlement reform.” It wasn’t…
As states consider eliminating their defined benefit pension plans and transitioning to 401(k)-type plans, Paul Krugman’s words strike a chord
Pew Center on the States has been a central figure in the nationwide plot to eliminate states’ pension plans, but they are running into one small problem: their own polling data shows that “the American public is powerfully rejecting the…
Late last month, the Pew Center on the States began ratcheting up its now-infamous campaign to slash public employee retirement benefits. As damaging stories about its partnership with former Enron trader John Arnold swirled through the media, the organization convened…
Three Republican state senators are the target of a well-financed campaign this month that portrays them as giving subsidies to billionaires, being unresponsive to parents of children in struggling schools, and being reckless with pensions.
The Koch brothers have focused their right-wing ideology on retirement security in Florida, mounting a “well-financed” direct mail, television, and social media campaign against three Republican legislators who voted to protect public pensions.
Yesterday, the voters of Cincinnati stood against the Tea Party and supported a secure retirement by defeating Issue 4, which would have eliminated traditional pensions.
MarketWatch explores the true costs of eliminating pension benefits:
Pensions are a critical leg of the retirement security stool, and we do a great disservice to retirees when we eliminate these systems.
The Washington Post reported today that most Americans with 401(k)-type savings plans do not have enough saved to outweigh the debt they are taking on leading up to their retirement.