Pensions
Pensions are a critical aspect of financial security for public sector employees, managed by local and state government agencies to ensure long-term retirement benefits. Effective pension management involves balancing the needs of current and future retirees with the fiscal sustainability of the pension funds. This directory provides articles on pensions and related topics like Fiscal Responsibility, which examines the broader financial practices that ensure governments can meet their long-term obligations, including pension liabilities.
The new law eliminates provisions that reduced benefits for retired first responders and other public servants, offering retroactive and future payment increases
Violent crime against seniors in America has surged by 331% in the last decade, making safety a top priority for retirees; do you agree with the rankings?
Harford County’s NEXT GEN Responders Student Loan Relief is an incentive in fire, EMS recruitment and retention
A new NCPERS report shows that the notion that governments can’t afford both pensions and education is a false dilemma.
Mayor Lori Lightfoot’s challenge is steep: close an $838 million budget deficit while also appeasing the striking Chicago Teachers Union. Chicago public schools have been closed for five days, affecting 300,000 students.
U.S. Conference of Mayors voted in support of the Diverse Asset Managers Initiative, which advocates that public pensions be managed by diverse groups.
The Mossavar-Rahmani Center for Business and Government at Harvard University studies what could happen to pension funds in 10 states under various economic scenarios.
Municipalities in danger of bankruptcy can be resurrected. Pittsburgh turned deficits to surpluses, cut costs and created standards for best financial practices to get released from state oversight.
Chicago Public Schools just sold grant anticipation notes to JPMorgan Chase & Co. that will be repaid with state aid.
Pennsylvania would be the first to transition all public school teachers and state employee pension funds to hybrid pension plans.
Historically high outcome public pensions can bankrupt cities like Dallas and Houston. Wayne Winegarden explains the pros of defined contribution plans.
Pension reform legislation before Texas state legislators continues to fuel disagreements between Houston and Dallas leaders and public safety employees.
Puerto Rico has $70 billion in public debt. The Fed wants a 10 percent cut of its pension system, furlough measures and a stop of holiday bonuses.
Cities face huge employee benefit liabilities, so some Connecticut towns are changing retiree healthcare benefits.
Houston’s mayor and fire pension board are negotiating language in a pension reform deal that could prevent the city’s bankruptcy.
CalPERS voted to lower its expected pension investment returns pressuring the California Supreme Court’s pending review of the California Rule.
As the sun sets on 2016, which cities and regions will receive critical funding during the transition to the Donald Trump administration?
Mayor Mike Rawlings personally funds suit to bring the Dallas pension board to court in March and stop lump sum pension withdrawals.
In testimony to state regulators, Dallas reported that a Police & Fire pensions request for $1.1 billion would wipe out the city’s entire general fund.
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