On Tuesday, we wrote about a new case study examining the experiences of Palm Beach, FL after the town closed its defined benefit pension plan for police officers, firefighters, and other municipal employees. Palm Beach is certainly not the only …
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In 2012, Palm Beach, Florida decided to close all of its public pension plans and move current and future employees to a hybrid defined benefit-defined contribution plan. This move gutted retirement security for public employees. In response, Palm Beach experienced …
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Full funding of public pensions is one of the most hotly debated subjects in state legislatures across the nation. It’s generally accepted that public pensions should aim to be 100 percent funded. However, does full funding actually relate to the …
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Today the National Public Pension Coalition released a new report titled A School’s Choice: Retirement Security for Charter School Teachers. The report focuses on states where public charter schools have the option of participating in a public pension plan or …
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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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In many states, the amount given away in subsidies and tax breaks to big corporations exceeds the amount needed to fund public pensions each year. That is the conclusion of a new report from Good Jobs First, a nonpartisan economic …
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