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.
Retired Capt. Mike Earley was given a year to live in May; five months later, the New York City Employees’ Retirement System has not approved his application
Mishawaka may open a clinic for public employees that could save the city $1M annually. How can health clinics increase savings for your city?
Amid public sector worker shortages, a new report from the National Institute on Retirement reveals just how crucial pensions are for recruiting and retaining firefighters, law enforcement officers, teachers and other critical public service roles.
Pa. Senate Republicans stand together, pass pension reform bill
Illinois Supreme Court rules landmark pension law unconstitutional
State lawmakers push pensions to divest fossil fuel holdings
Illinois governor tries novel approach in anti-union battle
Cincinnati and local labor unions reached an agreement that will help the city cut the $862 million pension system funding gap within the next 30 years.
Census data reveals local government spending is on the rise. To contain increased costs many municipalities are shifting their plans and strategies
Pew Charitable Trusts calculated changing the cost-of-living adjustments for Jacksonville employees could save taxpayers millions over the next 30 years
The aftermath of Detroit’s declaration of bankruptcy illustrates the need for pension reform before taxpayers and public workers suffer the consequences
New Jersey’s two largest pension funds may be bankrupt within the next decade unless reforms are passed
The Netherlands have no cities going bankrupt over pension liabilities because employees contribute more toward benefits. What tactics used by the Dutch can be implemented in the US?
Since San Jose passed a pension reform plan, the city has saved millions while reporting a lower crime rate. Learn how this achievement was possible
The president of the Arizona Firefighters union is in favor of pension reform that will help municipalities meet today’s various budget demands
A city councilman was successful bringing pension reform to Bakersfield, CA and took it a step further - with a ballot measure for the entire county. Details inside
Cheshire, CT, recently adopted a 401K-style pension plan for all new municipal employee hires. However, an arbitration decision delayed implementation for new police officers
In Southern Illinois, a group of 24 municipal leaders are teaming up to challenge the state legislature with reforming increasingly expensive pension costs
The state Senate in Florida is considering allowing municipalities to use insurance premium tax revenue to pay down pension fund liabilities.
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