Kentucky government employees protest pension reform proposal

Kentucky government employees protest pension reform proposal

By Savannah Edgens / Heartland Institute An organization claiming to represent more than 10,000 current and former Kentucky government employees protested against Gov. Matt Bevin’s pension reform plan on November 1. Bevin proposes to put new government employees into defined-contribution pension plans, similar to 401(k) pension plans enjoyed by workers in the private sector. The […]

Pennsylvania pension reform seen by some as example for other states

Pennsylvania pension reform seen by some as example for other states

From Watchdog.org A bipartisan pension reform plan signed into law Monday by Pennsylvania Gov. Tom Wolf could provide a model for other states with high pension liabilities to pull out of the fiscal sinkhole, pension experts say. Under the plan signed by the state’s Democratic governor and passed by the Republican legislature, new employees hired […]

The politics of pension reform

The politics of pension reform

From NCPA Since the economic downturn that began in 2008, all 50 states and Puerto Rico have enacted some sort of pension change. States sought pension retrenchment to make their pension plans less generous in order to take pressure off their budgets. The current trend is that state pensions in the long run will be […]