New pension plan could cost Virginia millions
A Republican-led push to shift Virginia’s public employees toward a 401(k)-style retirement plan could cost the state up to $25 million, a new report says.
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New pension plan could cost Virginia millions -
ICYMI: Article Reveals Jindal Exempts Himself And Politicians From Own Pension Overhaul Plan ICYMI: Article Reveals Jindal Exempts Himself And Politicians From Own Pension Overhaul Plan
While Governor Jindal has been pushing to increase the contribution rates and minimum retirement age for state employees, an article in The Advocate reveals that under Jindal’s same pension proposal, he would exempt himself and elected officials from such changes.
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Democratic Pension Plan for All Is Good Opportunity, Even for GOP Democratic Pension Plan for All Is Good Opportunity, Even for GOP
From the Department of Crazy-Sounding Ideas Dismissed Too Quickly: Democrats recently introduced new legislation that seeks to provide pension plans for private sector workers.
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Constitutionality of Jindal pension bills doubted Constitutionality of Jindal pension bills doubted
A law firm hired by the Louisiana Legislative Auditor’s office to review Gov. Bobby Jindal’s recommended overhaul of retirement benefits for rank-and-file state employees says key proposals are likely to be ruled unconstitutional.
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CSNY’s budget blitz: $3.9 million CSNY’s budget blitz: $3.9 million
The Committee to Save New York, a pro-Cuomo coalition of business leaders, real estate magnates and a private-sector labor union has bought $4 million in air time for ads praising the Democratic governor’s agenda, according to a source watching the…
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Transparency Watch: Gov. Cuomo’s Wall St.-Aligned Group Spends $4 Mil in 3 Weeks Pushing his Wall St. Agenda Just as Ethics Report Reveals Group Spent $12 Mil Last Year Lobbying Albany for Cuomo Transparency Watch: Gov. Cuomo’s Wall St.-Aligned Group Spends $4 Mil in 3 Weeks Pushing his Wall St. Agenda Just as Ethics Report Reveals Group Spent $12 Mil Last Year Lobbying Albany for Cuomo
National Public Pension Coalition Calls on Elected Leaders to Make Wall St. Insiders & Billionaires Pay Their Fair Share, Not Team Up With Them to Slash the Retirement Security of Teachers, Cops, & Firefighters
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The Latest on Politicians’ Pension-Slashing Proposals in the States The Latest on Politicians’ Pension-Slashing Proposals in the States
In states across the country, there have been an unprecedented number of proposals by Governors and state legislatures to completely undermine the retirement security of millions of middle class workers who rely on the public pension system.
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Voters don’t blame workers for pension woes, new poll finds Voters don’t blame workers for pension woes, new poll finds
California voters do not blame public employees for the state’s pension woes and are in no hurry to make steep cuts in the system, according to a new USC Dornsife/Los Angeles Times poll.
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Facts and Data That Tell the Pension Story Facts and Data That Tell the Pension Story
Two notable reports on public pensions were published this past week: the National Institute on Retirement Security (NIRS) released an updated economic impact study: “Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures,” and the U.S. Government Accountability Office…
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Firefighters face risks and deserve their pensions Firefighters face risks and deserve their pensions
When the bell sounds at fire houses in our communities, irrespective of the nature of the call or the hour, New York’s full-time firefighters respond without hesitation. And they do so repeatedly.
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ICYMI: Leading independent, nonpartisan Fiscal Policy Institute Releases Report Showing How Tier 6 Reduces Public Workers’ Retirement by 40% ICYMI: Leading independent, nonpartisan Fiscal Policy Institute Releases Report Showing How Tier 6 Reduces Public Workers’ Retirement by 40%
As was expected, you may have seen yesterday that several Wall Street-aligned groups supporting the Governor’s 40% pension-cutting plan attempted to distort the facts in order to protect their one percent agenda and their billions in corporate tax breaks and…
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State and Local Public Pensions – Let the Truth Be Told State and Local Public Pensions – Let the Truth Be Told
A General Accountability Office (GAO) study of state and local government pension plans released on Friday, March 2, confirmed what the National League of Cities (NLC) and many other national groups representing employers and state and local pension plans have…