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Americans don’t have to look very far to know the country is facing a retirement crisis. For most of us, a quick check of our own retirement account should do the trick. Or a glance at the newspaper. So why…
For generations, defined benefit pensions have been a key component of compensation packages intended to attract and keep the most talented teachers in our public schools. For the teachers who love the job, these plans have delivered modest but reliable…
Today we are wishing a happy 80th birthday to Social Security, one of the foremost accomplishments of the last century in providing Americans with a secure retirement. Formed in the wake of the Great Depression, Social Security helps Americans who…
In a recent article “CT still lags most states in saving for public-sector pensions,” the Connecticut Mirror wrote about a report from Pew Charitable Trusts on the strength of pension funds around the country. The Pew report ignores a number…
We applaud Governor Wolf for vetoing a misguided and destructive pension proposal that would only hurt Pennsylvania taxpayers, public employees and the entire state’s economy. The Republicans’ plan will cost taxpayers in the long run and likely increase—rather than reduce—the…
New Jersey Gov. Chris Christie announced Tuesday he is entering the 2016 presidential race. As governor of New Jersey, Chris Christie deliberately and repeatedly broke his promise to firefighters, nurses and teachers that he’d strengthen their hard-earned retirement funds, and…
In reaction to Gov. Chris Christie’s announcement today that he’s running for president of the United States, Bailey Childers, executive director of the National Public Pension Coalition,issued the following statement:
“This is a disappointing decision for the teachers, firefighters, police officers and thousands of other public workers in New Jersey who have devoted their lives to serving others and don’t ask for much in return, just the modest retirement promised…
The economic inequality gap in America is widening, and more and more of our aging parents and neighbors are retiring into poverty. For most Americans, Social Security stands between them and living out their retirement in poverty. For public workers,…
The promise of America from one generation to the next is a simple one: After a lifetime of hard and rewarding work, Americans can expect to enjoy a secure retirement. But for a growing number of us, especially women, making…
Imagine you are a woman in public service in any number of states across this country. You spend your career teaching, nursing the elderly back to health, assisting the unemployed in their job search. After many years of working hard,…
In 2012, the Government Accounting Standards Board (GASB) adopted a new set of guidelines that significantly impact how states and municipalities report their pension obligations. Those standards – laid out in GASB Statements 67 and 68 – have the potential…