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Gov. Rick Scott and the Florida Legislature are at it again, embracing legislation that ignores constitutional limits on their authority, forcing costly taxpayer-financed litigation and resorting to name-calling and threats to the judiciary when the courts rule against them.
As some 2,000 AFSCME members descend on the Capitol today to lobbying against Gov. Andrew Cuomo’s proposed pension reform plan, the union is releasing a new statewide ad campaign that accuses the governor of trying to reduce public employees pension…
Even Senate Republicans seem to be balking at Cuomo’s plan to lower benefits and provide a 401(k) option to new workers.
New York state Comptroller Thomas DiNapoli on Tuesday continued his spirited defense of public defined benefit pension plans.
Throughout New York state this week, activists posing as Wall Street tycoons will be visiting the offices of Democratic County Executives to thank them for endorsing Governor Andrew Cuomo’s plan to slash the public pensions of teachers, nurses and firefighters…
Binghamton’s pension costs have increased significantly in the last decade, so you might expect me to support the 401(k)-style retirement plan now on the table in Albany. But I don’t. – See more at: http://www.dukesblotter.com/2012/02/pension-national-guest-viewpoint-401ks.html#sthash.jqtW4gYl.dpuf
In the pension debate, it seems that the facts can’t hold a candle to a well-worn narrative.
Assembly Speaker Sheldon Silver has raised the prospect of supporting some pension changes this year — but nowhere near the sweeping reforms Gov. Cuomo seeks.
Few public policy debates seem to have as many fundamental misunderstandings as the one over public employee pension benefits.
Funding for public pension plans accounted for just 3% of state and local government spending in 2009, the most recent data available, according to a report from the National Association of State Retirement Administrators.
CalPERS has a new report that says California Gov. Jerry Brown’s idea to alter pensions with 401(k)-style plans won’t help new workers and won’t save California money, either.
There is a retirement crisis in our country, but it is not a crisis of one group having too much retirement income. It’s a crisis of other groups having too little.