Tag: Pensions

Tag: Pensions

  • Unaccountable and Unaffordable 2018 image

    Unaccountable and Unaffordable 2018

    Unfunded liabilities in public pension plans continue to loom over state governments nationwide. If net pension assets are determined using more realistic investment return assumptions, pension funding gaps are significantly …

  • 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: December 2018 image

    The Williams Report: December 2018

    BUDGET Illinois: State Owes Private Firms more than $327 Million in Late Interest Payment Penalties After paying $275 million in late interest payment fees, Illinois still owes third-party financers …

  • 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 …

  • Invasion of the Budget Snatchers: The Looming State Financial Crisis image

    Invasion of the Budget Snatchers: The Looming State Financial Crisis

    Like the beginning of a horror movie, the end of a budget process is often bright with people smiling, shaking hands, and congratulating themselves on passing a balanced budget. But …

  • 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 …

  • State Bonded Obligations, 2018 image

    State Bonded Obligations, 2018

    States issue a diverse array of bonded obligations, with a range of obligation strength, revenue sources, debt service schedules, and other factors. This study collects and analyzes the bonded obligations …

  • Chicago Pension Obligation Bonds, a Strategy or Gamble? image

    Chicago Pension Obligation Bonds, a Strategy or Gamble?

    Chicago Mayor Rahm Emanuel’s administration is exploring the possibility of issuing billions of dollars of pension obligation bonds and investing the proceeds in order to reduce the city’s $28 …

  • Other Post-Employment Benefit Liabilities, 2017 image

    Other Post-Employment Benefit Liabilities, 2017

    Other Post-Employment Benefit Liabilities, 2017 surveys the more than 100 state-administered post-employment benefit plans, such as health insurance, Medicare advantage, life insurance, and other non-pension benefits. Controlling for differences in …

  • Converting Pension Plans from Defined Benefit (DB) to Defined Contribution (DC): The Myths and the Messaging Part 3 image

    Converting Pension Plans from Defined Benefit (DB) to Defined Contribution (DC): The Myths and the Messaging Part 3

    The information monopoly possessed by Defined Benefit (DB) plan actuaries creates an enormous information imbalance in the discussion over how to transition from a DB to a Defined Contribution (DC) …

  • Pensions, Incentives and Mismanagement image

    Pensions, Incentives and Mismanagement

    The most recent edition of Unaccountable, Unaffordable, the ALEC Center for State Fiscal Reform uncovered a disturbing trend in pension management. States that are …

  • Unaccountable, Unaffordable 2017 image

    Unaccountable, Unaffordable 2017

    Unaffordable and Unaccountable 2017 surveys the more than 280 state-administered public pension plans, detailing their assets and liabilities. The unfunded liabilities (the amount by which the present value of liabilities …

  • Spooky, Scary Pension Fund Skeletons image

    Spooky, Scary Pension Fund Skeletons

    If states want to keep their pension plans healthy, and avoid a virtual apocalypse of the pension undead, reform is indispensable.

  • Congress Considers a Pension Bailout image

    Congress Considers a Pension Bailout

    If the federal government truly wants to mend the pension funds of American miners, ending the Obama administration’s war on coal would be a good start.

  • Promises Made, Promises Broken 2014: Unfunded Liabilities Hit $4.7 Trillion image

    Promises Made, Promises Broken 2014: Unfunded Liabilities Hit $4.7 Trillion

    State Budget Solutions' latest research reveals that state public pension plans are underfunded by $4.7 trillion, up from $4.1 trillion in 2013.

  • Pew’s Latest Pension Report Understates Unfunded Liabilities, But Still Shows Growing Problem image

    Pew’s Latest Pension Report Understates Unfunded Liabilities, But Still Shows Growing Problem

    "The Fiscal Health of State Pension Funds: Funding Gap Continues to Grow," is the Pew Center on the States' latest annual update of state unfunded liabilities.