March 12, 2012

Facts and Data That Tell the Pension Story

Two notable reports on public pensions were published this past week: the National Institute on Retirement Security (NIRS) released an updated economic impact study: “Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures,” and the U.S. Government Accountability Office (GAO) issued “State and Local Government Pension Plans: Economic Downturn Spurs Efforts to Address Costs and Sustainability.”

March 9, 2012

Firefighters face risks and deserve their pensions

When the bell sounds at fire houses in our communities, irrespective of the nature of the call or the hour, New York’s full-time firefighters respond without hesitation. And they do so repeatedly.

March 8, 2012

State and Local Public Pensions – Let the Truth Be Told

A General Accountability Office (GAO) study of state and local government pension plans released on Friday, March 2, confirmed what the National League of Cities (NLC) and many other national groups representing employers and state and local pension plans have been saying for years: Public pensions are not facing a short-term crisis. While they need to address expediently their long-term sustainability, most state and local government pension plans have sufficient assets to cover retirees for a decade or more.