Pensions

Center for Retirement Research: Public pension plans should avoid investing based on social and environmental movements

By Marc E. Fitch December 15 , 2020

Pensions 2 Comments

The Center for Retirement Research at Boston College published a brief saying public pension plans should avoid tailoring their investment strategies to satisfy calls for political, social and environmental justice, known as ESG (environmental, social…

J.P. Morgan report estimates pandemic’s impact on unfunded retirement benefits

By Marc E. Fitch May 7 , 2020

Pensions, Uncategorized 3 Comments

Banking giant J.P. Morgan issued a report estimating the impact of the COVID-19 pandemic and economic downturn on states’ unfunded pension and retiree healthcare liabilities, noting Connecticut would have to pay nearly 40 percent of…

More than 1,600 retired Connecticut state employees receive six-figure pensions

By Marc E. Fitch May 5 , 2020

Pensions 20 Comments

More than 1,600 retired state employees now have pensions over $100,000 per year, totaling an annual payout of $191.9 million, according to numbers provided by the State Comptroller’s Office. The 1,609 retirees receiving six-figure pensions…

Bailout or bankruptcy for states? Connecticut faces long-term “structural imbalance”

By Marc E. Fitch April 23 , 2020

Budget, Pensions, Uncategorized 4 Comments

Republican Senate Leader Mitch McConnell, R-Kentucky, said on Wednesday he would rather see states declare bankruptcy than issue another $500 billion requested by the National Governors Association to bail out states facing lower revenues and…

Connecticut’s pension funds to take big hit in market downturn

By Marc E. Fitch March 25 , 2020

Pensions One Comment

The State of Connecticut and municipalities face a substantial burden – and now threat – from pension and retiree healthcare funds, as the stock market has plunged in recent weeks, which could leave taxpayers on…

Treasurer’s Office: Teacher unions helped on controversial pension changes

By Marc E. Fitch March 3 , 2020

Labor, Pensions, Uncategorized One Comment

The Office of the State Treasurer says that it worked with teachers’ union officials, the Governor’s Office and the Office of Policy and Management on pension changes that union officials are now telling their members are "illegal." Language included in…

North Carolina leads on retiree healthcare reform, but Connecticut may not have that option

By Marc E. Fitch February 13 , 2020

Healthcare, Pensions One Comment

North Carolina recently overhauled its retirement medical benefits for state employees – also known as OPEB – to relieve a growing $34.4 billion debt, according to a new report released by the Manhattan Institute, but…

Connecticut state and local unfunded retirement obligations top $124 billion

By Marc E. Fitch November 21 , 2019

Local/Municipal, Pensions, Taxes, Uncategorized 12 Comments

Connecticut’s total state and local unfunded pension and other post-employment benefits (OPEB) liability is a whopping $124.9 billion, according to an independent report delivered to the Connecticut Council of Municipalities. Pro Bono Public Pensions, a…

Rhode Island Supreme Court allows city to cut pension benefits to avoid bankruptcy

By Marc E. Fitch November 18 , 2019

Pensions

The Rhode Island Supreme Court has upheld a Superior Court decision to allow the City of Cranston to cut cost of living adjustments for city retirees, citing the city’s dire fiscal problems. In 2011, Cranston…

Connecticut teachers better off with 401(k) plan instead of pensions?

By Marc E. Fitch November 7 , 2019

Education, Pensions One Comment

Connecticut’s teachers may be better off with a 401(k) style, defined contribution retirement plan than under Connecticut’s massively underfunded pension system, according to some number crunching. Assuming a 6.5 percent employer match and adjusted for…

‹ 1 2 3 4 5 ›»

Pensions

Center for Retirement Research: Public pension plans should avoid investing based on social and environmental movements

J.P. Morgan report estimates pandemic’s impact on unfunded retirement benefits

More than 1,600 retired Connecticut state employees receive six-figure pensions

Bailout or bankruptcy for states? Connecticut faces long-term “structural imbalance”

Connecticut’s pension funds to take big hit in market downturn

Treasurer’s Office: Teacher unions helped on controversial pension changes

North Carolina leads on retiree healthcare reform, but Connecticut may not have that option

Connecticut state and local unfunded retirement obligations top $124 billion

Rhode Island Supreme Court allows city to cut pension benefits to avoid bankruptcy

Connecticut teachers better off with 401(k) plan instead of pensions?

SIGN UP TO RECEIVE OUR NEWSLETTER

Categories

About Us