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We’ve mentioned cash balance pension plans a few times on this blog. Pew’s Public Sector Retirement Systems project and the Arnold Foundation have been actively pushing cash balance plans in Kansas, Kentucky, Alabama, and Virginia. They tout cash balance plans…
It might not be on your calendar, but today is the first meeting of the Texas Pension Review Board this year. The PRB consists of seven members appointed by the governor to oversee public pension plans in the state. Recently,…
[rwd imageid=’768′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/02/Alabama-Pensions.png’ alt=“Alabama State Pensions”] Alabama has strong public pensions. The Retirement Systems of Alabama manages assets of over $37 billion and annually pay out close to $3 million in benefits. RSA earns strong returns on…
‘Tis the holiday season. While most folks now have visions of sugar plums dancing through their heads, we at the National Public Pension Coalition are still focused on protecting a secure retirement for teachers, firefighters, nurses, and other public employees.…
John Arnold has been all over Bloomberg lately. He was the protagonist of two articles last week. You’ve heard plenty from us about Arnold before. The Bloomberg Business profile didn’t reveal anything new about the anti-pension billionaire other than that…
Tomorrow is Halloween. Children across the country will be going door-to-door asking “trick or treat” to their neighbors. Public workers, however, are getting more tricks than treats from the pension ghouls haunting the debate over retirement security for working families.…
It’s now the end of National Save for Retirement Week. Hopefully this week you’ve thought some more about how pensions provide the safest and most secure retirement for working families. Unfortunately, when public pensions are cut by irresponsible politicians, those…
We’ve written before about John Arnold, the former Enron energy trader turned hedge fund billionaire, who has made it his mission to gut public pensions across the nation. We’ve also highlighted one of his notable failures: his single-handed attempt to…
Today we continue shining a spotlight on anti-pension politicians and activists by turning to the story of John Arnold. Arnold got his start at Enron, where he left with an $8 million golden parachute as the company collapsed, wiping out…