Posts Tagged ‘pensions’

Public Service Millionaires in Ohio

The state of Ohio has a program option called DROP that allows public employees (police officers, firefighters) to “double dip” on their pensions. This report from the Buckeye Institute explains why the program matters to the individual Ohio citizen, and specifically how the system should...
October 28th, 2010 | Recent News | Read More

Startling state unfunded liabilities

(NCPA) NCPA’s Unfunded Liabilities report takes a sobering look at state pension plans. Alaska’s unfunded liabilities are 42% of the state’s GDP. Read the report <here>
September 24th, 2010 | Fiscal Policy | Read More

Audio: The Failed Experiment of Pension Bonding

In 2008, the Alaska Legislature passed House Bill 13, which authorized the selling of bonds (debt) for investment to fill the $10 billion pension gap in PERS/TRS. But Steve Malanga from the Manhattan Institute says pension bonding is an idea that has been attempted in other states with some terrible...
August 31st, 2010 | Fiscal Policy, Recent News | Read More

The Cost of the Protected Class in California

Arnold Schwarzenegger, Governor of California, writes in the WSJ about the pension obligation challenges of the State of California.
August 30th, 2010 | Fiscal Policy | Read More

Unfunded pension liabilities drastically underestimated

(NCAP) Recent reports state that due to over-estimated discount rates, the public employee retirement pension liabilities of many state and local governments have been under-estimated by 75-86 percent. Read the article <here>
July 30th, 2010 | Fiscal Policy, Policy | Read More

Rates adjusted to address unfunded PERS/TRS gap

Kirsten Adams Friday, June 18 After two full days of presentations, discussions and review, the Alaska Retirement Management Board approved pension contribution rates today for fiscal year 2012 in an effort to reduce the multi-billion dollar unfunded liability. The rates are based on 2009 valuations...
June 27th, 2010 | Fiscal Policy, Recent News | Read More

Alaska Watchdog: Board to approve state’s retirement funds

By Kirsten Adams  Nearly a year after the close of the 2009 fiscal year, financial reports on the public employees’ pension systems for that year are finally complete, and ready for review by pension management. The Alaska Retirement Management Board, tasked with keeping an eye on Alaska’s multi-billion...
June 24th, 2010 | Recent News | Read More

State sees bonds as investment capital to close unfunded pension gap

By Kirsten Adams June 14, 2010 Selling up to $5 billion in bonds could either place Alaska further in the red or, as State officials hope, successfully decrease the multi-billion dollar pension unfunded liability. Deputy Commissioner of Revenue Jerry Burnett said the State would invest the bond proceeds...
June 14th, 2010 | Recent News | Read More

Millionaire Police Officers?

(Forbes.com) It is said that government workers now make, on average, 30% more than private sector workers. Put that fantasy aside. It far underestimates the real figures. By my calculations, government workers make more than twice as much.  Government workers are America’s fastest-growing millionaires. Doubt...
June 14th, 2010 | Fiscal Policy, Recent News | Read More