Archives: Pension Reform / Articles

Archives: Pension Reform / Articles

  • States: New Year, Same Debt Policy image

    States: New Year, Same Debt Policy

    Recently, state governments have taken advantage of low interest rates and issuing bonds to cover revenue losses from 2020. In doing so, states are adding to their tab of …

  • Reform Can Be a Lifeline for Public Pensions Hoping to ‘Tread Water’ image

    Reform Can Be a Lifeline for Public Pensions Hoping to ‘Tread Water’

    This article was originally featured as the cover story for Tax Notes magazine in their October 12, 2020 edition. Retirement savings took a major hit in the early …

  • Unaccountable and Unaffordable 2019: A Snapshot of Pension Liabilities Before COVID-19 image

    Unaccountable and Unaffordable 2019: A Snapshot of Pension Liabilities Before COVID-19

    Like much of the economy, COVID-19 hit public pension investments like a wrecking ball. Early reports from Moody’s estimated that state public pension plans lost nearly $1 trillion in …

  • OPEB: The Trillion-Dollar Acronym image

    OPEB: The Trillion-Dollar Acronym

    This article originally appeared in the March 23, 2020 edition of Tax Notes State. Upon hearing the term “OPEB,” most people look bewildered, not knowing that OPEB, short for …

  • Across the States: Market Volatility and State Solutions image

    Across the States: Market Volatility and State Solutions

    Learn more about how state policymakers can best position their states to weather these challenging times of economic uncertainly. As many states look to re-evaluate their budgets to factor in …

  • Lessons from Puerto Rico’s Struggles with Debt and Unfunded Pension Liabilities image

    Lessons from Puerto Rico’s Struggles with Debt and Unfunded Pension Liabilities

    In a recent press release from the congressionally-appointed Financial Oversight & Management Board (FOMB) for Puerto Rico, the board announced that it filed its Plan of Adjustment to restructure …

  • Denying Pension Realities? image

    Denying Pension Realities?

    A recent paper published by the Brookings Institution claims that “there is no imminent ‘crisis’ for most pension plans.” At the risk of sounding like a naysayer, this conclusion …

  • Connecticut’s Growing Pension Crisis image

    Connecticut’s Growing Pension Crisis

    A recent article in the Chief Investment Officer discussed Connecticut’s growing retirement system liabilities, citing ALEC’s Unaccountable and Unaffordable 2018 report. A March report from  …

  • The Wall Street Journal Cites ALEC Pension Data image

    The Wall Street Journal Cites ALEC Pension Data

    In an article titled “America’s Public Pensions Are Stuck In The Clouds,” The Wall Street Journal cited data from the recent ALEC publication, Unaccountable and Unaffordable 2018.

  • ALEC Southeastern Tax Academy a Big Success image

    ALEC Southeastern Tax Academy a Big Success

    The Center for State Fiscal Reform hosted its latest regional ALEC Academy in Myrtle Beach, South Carolina. ALEC was glad to bring the good news of tax reform and pro-growth …

  • Look to the States on Labor Policy image

    Look to the States on Labor Policy

    Following his testimony in front of the U.S. House Education and Labor Committee last week, Missouri State Senator Bob Onder penned an op-ed for the Washington Examiner, explaining that …

  • A Spark of Hope for New Jersey’s Growing Debt Problem image

    A Spark of Hope for New Jersey’s Growing Debt Problem

    So long as there are those willing to have “hard and honest conversations” about unfunded liabilities, there is hope for reform.

  • The Williams Report: January 2019 image

    The Williams Report: January 2019

    BUDGET Arizona: Gov. Ducey’s Budget Proposal Adds to Arizona Education Spending Gov. Doug Ducey’s first budget since re-election contains a substantial increase in education spending. Arizona can …

  • The Williams Report: November 2018, Part 2 image

    The Williams Report: November 2018, Part 2

    BUDGET Connecticut: General Assembly Democrats May Need GOP Help to Pass Next CT Budget Connecticut is currently projected to have a $2 billion deficit next budget cycle. The “volatility cap,” …

  • The Williams Report: November 2018 image

    The Williams Report: November 2018

    BUDGET Indiana: Hoosiers Will Vote “Yes” or “No” on Balanced Budget Amendment Indiana voters will decide this November whether or not state legislators must pass a balanced …

  • The Williams Report: October 2018, Part 2 image

    The Williams Report: October 2018, Part 2

    BUDGET: Arkansas: Hearings on State’s Budget to Get Going As budget hearings begin, Arkansas legislators will learn the details of programmatic and state agency funding needs, and what Governor …

  • The Williams Report: October 2018 image

    The Williams Report: October 2018

    BUDGET: Alaska: New State Budget Report Predicts State Savings Accounts Will Be Empty by 2021 Alaska’s persistent funding crisis continues as the state is forced to underfund entitlements and …

  • The Williams Report, September 2018 image

    The Williams Report, September 2018

    Budget: Connecticut: Small Surplus Projected with Current Budget Two months into Connecticut’s fiscal year, the state’s budget chief is projecting a nearly $138 million operating surplus, driven …

  • The Pension Crisis is not a Black Swan Event image

    The Pension Crisis is not a Black Swan Event

    Close your eyes and envision a swan. What color is it? Most likely, it is a white swan. Because most of us go our entire lives coming across only white …

  • The Williams Report, August 2018 image

    The Williams Report, August 2018

    Budget: Illinois: State Admits to Billion-Dollar Budget Hole The Rauner Administration acknowledged a $1.2 billion structural deficit in an offer to sell $920 million in state bonds.