Recently, the Mackinac Center for Public Policy — a right-wing think tank funded heavily by the Koch brothers — penned an article attacking the Michigan Office of Retirement Services (ORS) for recent accounting errors. While the errors were real, the …
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Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the …
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If you want a good history lesson, look no further than the Rust Belt. Beyond the relics of America’s industries are hardworking Americans serving as living reminders of the devastating consequences of what happens when cities and states close a …
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What happens when a state abandons its defined benefit pension for a riskier, 401(K)-style plan? Taxpayers lose – According to the National Institute on Retirement Security, “for a given level of retirement income, a typical 401(k) plan costs 91% more …
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Today is Groundhog Day. Everyone’s favorite groundhog- Punxsutawney Phil- will stick his head out of the ground and look for his shadow. Legend has it that if Phil sees his shadow, we’ll have six more weeks of winter. Many of …
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President-elect Donald Trump has nominated Michigan billionaire Betsy DeVos to be the Secretary of Education in his upcoming administration. If that name sounds familiar, it should. The DeVos family is a major advocate for gutting public pensions in Michigan. Should …
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