Pensions - Watchdog.org

Pension system ‘treading water’ in Pittsburgh

By   /  December 8, 2016  /  Pennsylvania, Pensions  /  No Comments

Pittsburgh's pension system is only 62 percent funded, but that's way better than it was just two years ago.

The employee pension system in Pittsburgh remains chronically underfunded, despite major cash infusions over the last twelve years.

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Jacksonville mayor proposes ending pensions for new hires

By   /  November 2, 2016  /  Florida, Pensions  /  No Comments

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Jacksonville Mayor Lenny Curry wants to end pensions for new general employee hires in the city. Curry revealed the plan Tuesday in a collective bargaining session with the Jacksonville Supervisors Association, the Florida New-Times reports. “Guaranteed pensions are not what a majority of the people of Jacksonville have,” according to the mayor.  “Legacy plans are […]

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Mississippi pension system battered from all angles

By   /  October 28, 2016  /  Mississippi, News, Pensions, State Budgets, State Government  /  No Comments

RETURN: The rate of return on Mississippi PERS' investments has been consistently inconsistent. Photo illustration by Steve Wilson

The Mississippi pension system, PERS, is supporting more retirees while its funding ratio decreased in fiscal 2015. Its investment income was also minimal.

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Pennyslvania pension reform pushed to 2017

By   /  October 27, 2016  /  Pennsylvania, Pensions  /  No Comments

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The Pennsylvania General Assembly failed to pass a pension reform bill Wednesday night, the Allentown Morning Call reports, leaving any further action on the issue this year unlikely. The bill was crafted by Republican state legislators. No Democrats voted in favor of the bill, which proposed three alternative retirement savings plans for future state employees. “Pennsylvania […]

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Report: State public pension unfunded liabilities soar to $5.6 trillion

By   /  October 19, 2016  /  Accountability, Budget and Spending, National, News, Pensions, State Budgets, State Government, Wisconsin  /  No Comments

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“It’s really crooked accounting going on for states and local governments,” Williams said.

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More out, less in: Altered assumptions push Florida’s pension debt up $2.6 billion

By   /  October 19, 2016  /  Florida, News, Pensions, State Budgets, State Government  /  No Comments

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In a small, unassuming Capitol conference room last week, state pension officials made multi-billion-dollar tweaks to the Florida Retirement System’s 1.1 million-member pension plan.

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