After years of wage stagnation, state and local governments are finally seeing room in their budgets for slight wage increases and bonuses.
Center in the News
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.
How widespread are municipal bankruptcies? Are municipal defaults increasing? What about state and local pension funding? State and local government revenues have been slowly improving, making it possible for many officials to take steps to address their fiscal challenges. ICMA and the national organizations representing the nation’s governors, state legislatures, and state and local officials Read More
Center President/CEO Elizabeth Kellar writes in Governing Magazine about the need for government leaders and the public to have honest and open communication.
Center Vice President of Research Joshua Franzel recently talked with US Bank’s newsletter about public sector Baby Boomers and retirement. (10/27/14)
Center President/CEO Elizabeth Kellar tells Pensions&Investments that even good GASB numbers should not take attention away from the need for elected officials to focus on funding plans and decisions about setting annual contribution rates. (9/15/14)
Plansponsor.com reports that as more state and local governments reform pensions following the recession, public sector employees have more concerns about retirement. (8/20/14)
Governing covers the joint Center/TIAA-CREF Institute survey of public sector employees’ retirement confidence. (8/20/14)
BenefitsPro.com reports on the Center’s new issue brief on pension obligation bonds. (7/7/14)
PlanSponsor on the Center’s new report on the use of automatic enrollment by retirement plans offered by local governments. (7/1/14)
Center Vice President of Research Joshua Franzel tells Stateline that people who postponed retirement because of the recession are now starting to leave the workforce. (6/20/14)
Governing highlights Center research in an article on state governments adopting automatic enrollment and escalation in the defined contribution plans they offer employees. (6/19/14)
BenefitsPro reports on the Center’s 2014 update on state and local government pension funding. (6/6/14)
Azcentral.com uses the Center’s new workforce report as the basis for an overall look at government employment numbers in Arizona and nationwide. (5/27/14)
The Wall Street Journal reports on the Center’s annual workforce survey. (5/20/14)
Reuters covers the joint Center/NASRA study on the effects of changes in state pension plans on retirees’ income. (5/20/14)
PlanSponsor features the Center’s new report on how changes in state pension plans affected retirees’ income. (4/29/14)
Reuters cites the Center’s public sector research in its coverage of EBRI’s 2014 Retirement Confidence Survey. (3/18/14)
Center President & CEO Elizabeth Kellar tells American City & County magazine that state and local governments face significant challenges in containing the costs of pensions and employee benefits within budgets that are stretched thin. (2/25/14)