iOS app Android app

Public Employee Pensions

How the GASB's New Pension Standards Could Make Things Worse

Josh Rudolph | Posted 10.07.2012 | Business
Josh Rudolph

One can only speculate why GASB chose to preserve wide discretion for states and cities to choose discount rates while requiring less disclosure around funding. Perhaps they think these problems are inevitable, so it's better to duck than take action.

Five Truths About Public Employee Pensions

Kil Huh | Posted 09.25.2012 | Money
Kil Huh

Some states with well-managed pension plans can continue providing benefits as long as they are disciplined, but many states can't continue with the status quo. Here are five truths about state and local pensions.

5 Myths About Public Employee Pensions

Harold Schaitberger | Posted 09.10.2012 | Money
Harold Schaitberger

About 10,000 Americans a day are turning 65 years old. While Wall Street's 401(k) plans have done nothing to help retirees enjoy their golden years, defined benefit plans are the best way to support retirees and allow them to continue to contribute to their local economies.

SEC Slams Kwame Kilpatrick With Lawsuit

AP | MARCY GORDON | Posted 07.09.2012 | Detroit

WASHINGTON — Former Detroit Mayor Kwame Kilpatrick is facing federal civil charges of taking part in an influence-peddling scheme involving the ...

State House Democrats Push For Softer Pension Reform Bill

Posted 12.13.2011 | Chicago

Citing constitutional concerns, several Illinois Democrats are pushing for a softer version of previously-approved state pension reform legislation --...

John Celock

'Nothing More Dangerous' For States

HuffingtonPost.com | John Celock | Posted 12.01.2011 | Politics

TAMPA -- At the annual fall forum of the National Conference of State Legislatures, pension reform advocates briefed the nation's state legislators on...

John Celock

RI Pension Bill Passes Key Hurdle

HuffingtonPost.com | John Celock | Posted 01.11.2012 | Politics

The bill to reform Rhode Island's public employee pension system passed two legislative committees Thursday night, setting the scene for the full legi...

Accuracy Of Rhode Island Treasurer's Pension Math Challenged

East Providence Patch | Patrick Luce | Posted 12.27.2011 | Politics

The head of the Rhode Island firefighters' union accused General Treasurer Gina Raimondo of "cooking the books," lying to the General Assembly in an a...

Improving New York's Fiscal Report Card Further

Carol Kellermann | Posted 08.27.2011 | New York
Carol Kellermann

Congratulations to Governor Andrew Cuomo and his legislative colleagues for completing a session marked by significant fiscal accomplishments. But more hard work lies ahead.

Pensions Set To Be Next Battleground For State Employees

The New York Times | Steven Greenhouse | Posted 08.15.2011 | Politics

First came the pay freezes and unpaid furloughs. Then came the higher contributions for health insurance. Now, in the most definitive sign yet that th...