Pensions -

Idaho pension system off-target for second year in a row

By   /  July 28, 2016  /  Idaho, News, Pensions, State Government  /  No Comments

Pension expert, Steven Greenhut (left), suggested Idahoans examine the state pension system.

“The public should be concerned about the way the system is designed and about long-term prospects,” Greenhut explained. “Higher pension debts mean cutbacks in services and could mean tax increases.”

Read More →

Auditor general targets Pennsylvania pensions

By   /  July 27, 2016  /  News, Pennsylvania, Pensions  /  No Comments

Shutterstock Image

Pennsylvania fiscal watchdog Eugene DePasquale said, “We’re paying them a lot of money. What are we getting in return?”

Read More →

Pennsylvania pension agency docks ‘ghost teachers’ credit

By   /  June 28, 2016  /  Education, News, Pennsylvania, Pensions  /  No Comments

BIG MONEY: Scores of Milwaukee public employees would cash in on million-dollar-plus pensions over their long retirement lives, according to estimates by Taxpayers United of America.

The Public School Employees’ Retirement System said those employees are not eligible to receive pension credits for the time they were not teaching kids.

Read More →

Mississippi’s pension crisis explained in four charts

By   /  June 24, 2016  /  Budget and Spending, Economy, Governor, Jobs + Growth, Mississippi, News, Pensions, State Budgets, State Government  /  No Comments

Funding level PERS graph

The reason why Mississippi’s pension crisis is one of the worst in the nation can be explained in four graphs.

Read More →

Mississippi pension system loses money on investments

By   /  June 23, 2016  /  Budget and Spending, Economy, Governor, Mississippi, News, Pensions, State Budgets, State Government  /  No Comments

Photo illustration by Steve Wilson

The Mississippi pension system is losing money on its investments so far this year, which could have serious consequences for the fund’s solvency.

Read More →

After Puerto Rico’s collapse, is your city or state next?

By   /  June 6, 2016  /  Connecticut, Hawaii, Illinois, Massachusetts, New Jersey, News, Pensions, State Budgets, State Government, Texas  /  No Comments

TREASURELESS ISLAND: Puerto Rico faces empty coffers, heavy debts, and a dwindling ability to pay.

With short-term budget troubles and colossal long-term debt, Kentucky, Illinois, New Jersey, Massachusetts, and Connecticut, in particular, are much closer to the basket case economic condition of the Caribbean territory on the Mercatus fiscal health index than they are to states such as Texas, Missouri, Florida, or Nebraska, where budgets are balanced and public pension systems may yet be salvaged.

Read More →