As Illinois pension problems worsen, here’s what legislators will take home

By   /  November 26, 2014  /  Budget + Tax, Illinois, News, Pensions  /  No Comments

SPRINGFIELD – While Illinois politicians wrestle with how to tame the state’s ballooning pension shortfall, some of those leaving elected […]

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Mississippi auditor: Corruption shouldn’t result in a state pension

By   /  November 24, 2014  /  Abuse of power, Government Waste, Mississippi, Misuse of funds, News, Pensions, Politics  /  No Comments

AP file photo

If Mississippi auditor Stacey Pickering has his way, public officials convicted of corruption will not collect the state’s contribution to their pension.

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Audit coming as Pittsburgh’s pension liabilities surge

By   /  November 24, 2014  /  News, Pennsylvania, Pensions  /  No Comments

Shutterstock photo

The Steel City will be undergoing scrutiny in the next few months, as the state auditor general takes a close at the city’s public pension plans. This comes after a report this summer shows a slide in the progress the city had made earlier. The city’s unfunded pension liabilities have now reached $484 million, and the plans are only 58 percent funded.

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Pension funds spend millions on investment fees, but PA taxpayers in the dark

By   /  November 21, 2014  /  Budget and Spending, News, Pennsylvania, Pensions, State Budgets, State Government  /  No Comments

pension jar

Taxpayers are largely in the dark when it comes to Pennsylvania’s pension funds’ riskiest investments.

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Despite $38B in unfunded liabilities, WI’s pension system tops in the nation

By   /  November 14, 2014  /  Budget and Spending, News, Pensions, Wisconsin  /  No Comments

PONDERING PENSIONS: Pennsylvania lawmakers believe there's an appetite for pension reform, but there's no exact idea of what it will look like yet.

 
By Adam Tobias | Wisconsin Reporter
MADISON, Wis. — Take a bow, Wisconsin.
Under the leadership of Republican Gov. Scott Walker, the Badger State once again has the most well-funded public pension system in the nation, according to a study released this week by State Budget Solutions, a fiscally conservative think tank based in Virginia.
The Wisconsin Retirement System […]

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Mississippi’s pension system one of nation’s worst

By   /  November 12, 2014  /  Economy, Legislature, Local Government, Mississippi, Pensions, Politics, Taxes, Wisconsin  /  No Comments

PERS

According to a new study by State Budget Solutions, Mississippi’s pension system is far worse financial straits than its recent financial report indicated.

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