WSJ features data from Public Plans Data in its story on Kentucky’s pension woes.
SLGE’s Elizabeth Kellar explains to American City & County that, rather than as a tsunami, public sector retirements are coming wave after wave.
Pittsburgh Post-Gazette cites SLGE’s 2015 “Success Strategies for Well-Funded Pension Plans”
Analysis features SLGE research on pension obligation bonds.
This new website makes accessing public pension data easier than ever.
In her Smart Management column for Governing, SLGE’s President and CEO Elizabeth Kellar notes that, as the use of contract and temporary workers grows and millennials move into government, the public sector will need to adapt.
For the second year in a row, state and local governments increased hiring from the previous year, according to a newly released survey of public-sector HR professionals by SLGE.
SLGE’s new survey finds that nearly three-quarters of states and localities reported making new hires in the past year.
The challenges of the past decade have required the state and local sector to make many significant adjustments to its workforce.
SLGE’s Joshua Franzel talks to PIMCO about changes in state and local government retirement programs in the United States.
Most public pension plans improved their funded status in 2014 and are likely to be more than 80% funded by 2018, according to a report by SLGE.
Reductions in pension funds’ cost-of-living allowances have affected new and existing employees about the same, but retirees have been hit hardest by this policy.
New rules mean that local governments will have to record the cost of health insurance and other benefits on their financial statements.
In some localities badly hurting for revenue, public employment may never return to pre-recession levels.
As government pensions become less generous for new hires, automatic enrollment in supplemental savings plans can make a big difference.
The new Public Plans Data website also has “quick facts” pages with data at the national, state, and plan levels. Visit the site at www.publicplansdata.org
After years of wage stagnation, state and local governments are finally seeing room in their budgets for slight wage increases and bonuses.
Massachusetts has committed to paying more than $15 billion over the next 30 years for health insurance for its retirees. But the state has set aside almost none of the money needed to pay for it.
SLGE’s VP of Research Joshua Franzel speaks to Wall Street Journal re: New Jersey Governor Chris Christie’s pension study committee proposal to move state’s public employee retirement system toward “cash balance” plans as a way to control costs and control liabilities. http://on.wsj.com/1EQlaDE
As private-sector wage growth outpaces the public sector’s, Center President/CEO Elizabeth Kellar writes in Governing Magazine about the challenge governments face attracting and retaining talented employees.