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Public pension advocates had some good news to celebrate in several states’ legislative sessions this year, according to an analysis by the National Public Pension Coalition released Monday. “We’ve certainly been able to move the ball forward in a way that public…
In the July 28 Post and Courier, the editorial staff wrote “A vision for South Carolina pension system reform in 2020.” Although editorial staff members are well-intentioned, they couldn’t be more wrong with their approach to South Carolina’s state pension…
In four days, the Kentucky House of Representatives and Senate filed, heard, debated and ultimately passed HB1. While this bill is supposed to solve the mess created by both chambers at the end of the regular legislative session, it violates…
After several failed attempts and a special legislative session, Kentucky — the state with the worst-funded pension system — now has a plan to ease the financial burden that employees’ retirements are taking on quasi-governmental agencies. In signing the pension reform bill on…
Kentucky’s Gov. Matt Bevin got his wish, as a special session for the General Assembly to determine a fix for the state’s looming pension crisis will happen Friday morning. Bevin’s office announced the news Monday. His administration has been trying…
A new Maryland law requires greater transparency in disclosing millions of dollars in fees paid by the state’s pension system to Wall Street investment firms. The Maryland State Retirement and Pension System has reported paying about $370 million annually in…
In just 10 days, pension contribution rates for regional universities and quasi-state agencies are set to about double. “It was one of those deals when once again, something was getting done at the very end of the session,” Larry Totten said…
Oregon’s Legislature passed a bill that would increase the contributions of some employees to the $75 billion Oregon Public Employees Fund and extend the time the pension plan’s liability will be fully funded by two years — to 2022, information…
Legislation increasing state contributions to the $145.4 billion Texas Teacher Retirement System, Austin, passed the Texas House of Representatives and Senate on Sunday. The House voted 145-1 and Senate, 31-0, to approve the final version of legislation previously passed by the…
The pivotal step to deliver the first cost-of-living adjustment for nearly 30,000 retired public employees in a decade narrowly cleared the State Senate Thursday. The 12-11 vote sends the bill (HB 616) for a 1.5 percent increase to the desk…
Branford police officers once again will earn traditional pensions after the Representative Town Meeting unanimously approved both a new four-year police union contract and a new pension agreement Tuesday night. Union President Sgt. Stanley Konesky hailed the change, which union…
The Texas legislature passed a bill Thursday aimed at shoring up the state teachers’ pension fund and giving its retired members a standalone bonus. The bill would increase state contributions to the $154.3 billion Texas Teachers Retirement System by 2% over the…