We’re almost a full year into the coronavirus pandemic. Due to the resulting economic downturn, state and local governments could face budget shortfalls of $300 billion over the next two fiscal years. As a result, some have argued that policymakers …
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During the COVID-19 pandemic, public employees across the nation have given back to their communities in extraordinary ways. From donating to food banks to helping their neighbors and protecting their communities, public employees have been on the front lines. Here …
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Welcome to this month’s first edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories …
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Too often it is claimed that closing public pension plans and moving all newly hired public employees into defined-contribution plans like a 401(k) or cash balance hybrid plans is needed for state and local governments to address budget shortfalls. However, …
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The COVID-19 pandemic has had a devastating impact on families and communities across the country, but the crisis has underscored the vulnerability of older Americans in particular. That’s why the AFT sent a letter to Senate Majority Leader Mitch McConnell …
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This week’s blog post was written by NPPC’s Executive Director, Bridget Early Earlier this month we wrote about the National Institute on Retirement Security’s new set of case studies on Kentucky, Alaska, and Michigan. The studies concluded that unfunded liabilities …
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