Johnstown hands out excessive pensions as it deals with $24M in debt

By   /  April 14, 2014  /  Accountability, Featured, Finances, Issues, Local Government, News, Pennsylvania, Pensions, Pensions, State Government  /  No Comments

Johnstown_flood_1889

By Eric Boehm | PA Independent
Johnstown is deep in pension debt, but is handing out retirement payments in excess of what is allowed under state law.
A recent audit of the city’s four pension funds found more than $24 million in unfunded liabilities. Collectively, the four retirement accounts for the city’s police officers, firefighters, sewage workers [...]

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Judge gives NJ one last chance to keep ‘Doublegate’ secrets

By   /  April 14, 2014  /  Ethics, Fraud, New Jersey, News, Open Records, Pensions, Pensions, State Government  /  No Comments

Confidential

A judge is giving the state’s Division of Criminal Justice one final chance to argue why an index of records from a hush-hush criminal investigation involving Lt. Gov. Kim Guadagno should not be released to a New Jersey Watchdog reporter.

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It’s crazy, but Christie’s shoplifting guard could get $4 million

By   /  April 8, 2014  /  Governor, New Jersey, News, Pensions, Pensions, State Government  /  No Comments

Piggy-Gun 600x300

The state police career of Gov. Chris Christie’s shoplifting bodyguard may end soon, but the trooper could keep his hands deep in the pockets of New Jersey taxpayers for decades.

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AARP working with state to sell government retirement accounts

By   /  March 27, 2014  /  Business, Economy, Minnesota, News, Pensions, public sector, State Government, unions  /  No Comments

RETIRE THIS: Should state governments be getting into the business of selling and administering retirement accounts for private sector workers? Photo copyright MN House of Representatives.

The state government may struggle to balance a budget and fix insolvent pension accounts, but that isn’t stopping it from thinking about hawking a state-run retirement savings account.

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Great Expectations: States still use unrealistic pension assumptions

By   /  March 19, 2014  /  Accountability, Featured, Issues, National, National News, News, Pensions, Pensions, State Budgets, State Government  /  No Comments

pension

By Eric Boehm | Watchdog.org
MINNEAPOLIS — Two years ago, when Rhode Island passed bi-partisan legislation to reform a state pension system that threatened to bankrupt the budget, it was hailed as an example for other states to follow.
Now, Rhode Island is once again an example for other states struggling with their own pension issues. But it’s [...]

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