News Archive
Public Pension Cuts, Once Unthinkable, Now On The Table
Investor's Business Daily
Until now, public pension reform meant offering cheaper benefits to new hires. Huge unfunded retirement liabilities owed to current workers have barely been touched. But this month, a Baltimore City Council panel unanimously voted to raise the retirement eligibility age for public safety workers who have served for less than 15 years. |
June 18, 2010 |
State and Local Workers Earn Less than Similar Private Sector Workers
Center for Economic and Policy Research
Washington, D.C. - A new report from the Center for Economic and Policy Research (CEPR) shows that state and local government workers pay a wage penalty compared to private-sector workers with similar characteristics. Recent media accounts have suggested that state and local workers earn more than private sector employees, but these analyses fail to control for the fact that public employees are on average older and have substantially more formal education than private sector workers, according to the CEPR report. |
May 11, 2010 |
Out of Balance?
National Institute on Retirement Security
Employees of state & local government earn an average of 11% and 12% less, respectively, than comparable private sector employees. An analysis spanning two decades shows the pay gap between public and private sector employees has widened in recent years. |
May 7, 2010 |
New CWA Pension Documents
CWA
Click here to access the Primer on Public Pension Plans, and the Pensions Powerpoint from the District 7 conference. |
May 6, 2010 |
Draft Of CWA Pension Principles
CWA
Twenty million state, county and municipal workers earn retirement benefits through their employment. These benefits are generally provided through defined benefit pension plans which provide a secure framework within which retirement benefits are earned, funded and paid. |
April 9, 2010 |
Stanford Report: Shortfall for California's Pension Systems as Much as a Half a Trillion Dollars
Mercury News
According to a new report by a group of Stanford University graduate students, the shortfall facing California's public pension systems could reach more than half a trillion dollars over the next decade and a half. |
April 5, 2010 |
Md. House Rejects Shifting Cost of Teacher Pensions
Baltimore Sun
The Maryland House of Delegates has rejected a plan to begin shifting part of the cost of teacher pensions to local governments - one of several ways in which it wants to dial back spending cuts proposed by the Senate, though delegates offered alternative snips. |
April 2, 2010 |
Amid Budget Crisis, Md. Senate Votes to Shift Cost of Teacher Pensions to Counties
Baltimore Sun
The Maryland Senate gave preliminary approval Tuesday night to a plan that would balance future state budgets by shifting hundreds of millions of dollars in teacher pension payments to local governments. |
March 24, 2010 |
Pension Woes May Deepen Financial Crisis For States
NPR
There's a looming U.S. financial problem that's big, is getting larger and could threaten the solvency of some states. From Connecticut to California, pension funds for teachers, firefighters and other public employees are severely underfunded. |
March 21, 2010 |
N.J. Legislature Works on Changes to Public Workers' Pensions, Health Care
The NJ Star-Ledger
TRENTON -- Legislation that would make public worker pension and health-care benefits less generous is going before a New Jersey Assembly panel. |
March 18, 2010 |
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