Bipartisan advocacy for fair and sustainable pensions.
Joined August 2015
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Earlier this year, RSI partnered with the Governing Institute to produce a pension reform handbook. Check it out here and let us know what you think: retirement-security.org/wp-c… #pensionreform
Florida still ended fiscal 2019 carrying $20.6 billion in debt and faces uncertainties – and $22 billion in unfunded liabilities – with its pension plan. thecentersquare.com/florida/…
Have you seen @4GovtExcellence's latest brief on the funded status of local and state public pension plans? slge.org/assets/uploads/2019…
In a few jurisdictions, taxpayer contributions to CalPERS exceed payroll expenses for public safety employees. pressdemocrat.com/opinion/ed…
Retirement Security retweeted
"Overall, a credit upgrade is nothing but good news for Arizona and should be celebrated. But citing below-average public pension liabilities as a contributing factor ignores the systemic issues that increased Arizona’s pension debt to historic levels."
buff.ly/2QDKHyT
Retirement Security retweeted
Most public pensions need to take a closer look at the fiscal risk their fund places on taxpayers, employers, and members. For CalPERS, the best time to do that is now. Check out my latest op-ed on this subject. ocregister.com/2019/11/18/ca…
Retirement Security retweeted
California’s public pensions are facing economic headwinds and should consider reducing risk for the sake of taxpayers and the public workers who depend on the retirement systems, say @lengilroy and @PensionZachary in @ocropinion @SoCalOpinion.
buff.ly/2Xs2ESp
Retirement Security retweeted
The average teacher salary in CA is $81,126. For what the state would pay to wipe out its current $93B pension debt over the next decade, they would be able to give teachers a 36% raise. That’s over $29K! Learn more: equable.org/leaders-ignored-… #equable #teachers #pensions
Pew Charitable Trusts has released a study showing that pension costs for the Philadelphia School District have increased nearly sixfold in less than a decade, from $28 million in 2010 to $154 million, significantly adding to the District’s financial woes. thenotebook.org/articles/201…
Retirement Security retweeted
11.94% of #Arizona #teacher salaries now go to public pension plan contributions. In 2001, it was only 2% - that's a 5x increase in less than 20 years! Learn more here: equable.org/funded-status-ar… #ASRS #pensioneducation
.... "Another $100 million increase in pension payments will also be required due to a change is assumed earnings on invested public pension funds." #alaska frontiersman.com/news/foreca…
Retirement Security retweeted
Today, we released the results of our first national teacher survey. The report provides an unprecedented understanding of teachers’ views of their retirement plans. The results may surprise you. Read the report: equable.org/nationalteachers… #equable #teachers #pensions
Retirement Security retweeted
The map illustrates how well-funded each states’ public employee #pensions plans are. The more ‘in-the-pink’ the state is, the more likely that the tax dollars won’t be diverted to cover the cost of funding the retirements of bureaucrats. buff.ly/2VvYk3M #PublicPensions
Retirement Security retweeted
3 days till Halloween! What is the scariest thing you have seen this October? Learn more at Statedatalab.org
Who's in #Philadelphia for the @TheBondBuyer Mid-Atlantic Municipal Market Conference? Make sure you check out the 4:30 pm ET panel with @RSInow's CEO, @peteconstant. bondbuyer.com/conference/mid…
Retirement Security retweeted
Drowning in debt, Illinois has over 600 different public pension systems along with 5.4 government entities per 10,000 people. Follow @ReasonFdn our new policy-focused account for research on government reform and spending.
Illinois has more government entities than any other state and amidst its debt crisis is now looking to consolidate. Illinois has 5.4 different government entities per 10,000 people. Texas has 2.0 and California has 1.2 governments per 10,000 people.
reason.org/commentary/illino…
Retirement Security retweeted
Many AZ electeds still cling to faith that ASRS is “healthy” despite having run up over $15b in pension debt since 2002, prompting a 4x+ increase in teacher & employer pension contribution rates...
An overly optimistic assumed rate of return for the Arizona State Retirement System continues to expose taxpayers to significant risk. Our full analysis of the #pension system is here: reason.org/policy-study/ariz…
It is National Retirement Security Week. Check out the @RSInow piece done in conjunction with the Governing Institute about public pension reform.
Earlier this year, RSI partnered with the Governing Institute to produce a pension reform handbook. Check it out here and let us know what you think: retirement-security.org/wp-c… #pensionreform
Retirement Security retweeted
Colorado’s Public Employee’s Retirement Association (PERA) has less than 60 percent of the money to pay for benefits that have already been promised to workers. PERA’s losses in 2018 added another $1.8 billion to its unfunded #pension liabilities.
reason.org/commentary/more-s…
