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Public pensions out of control in Texas’ biggest cities

By   /  January 10, 2017  /  Legislature, News, Pensions, Taxes, Texas  /  No Comments

Associated Press photo

Local control — the favored mantra of big-city politicians in Texas — isn’t working out so well with public-employee pensions. Dallas, Houston, Austin and San Antonio, carrying $22.6 billion in unfunded liability, rank among the 12 worst cities in the country.

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Study finds that politicizing pension funds lowers performance

By   /  December 15, 2016  /  News, Pensions, Vermont  /  No Comments

A new study claims that state pension funds are being used to advance political agendas, not provide secure retirements for state workers.

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Pension system ‘treading water’ in Pittsburgh

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

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

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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