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Instead of Boasting, Florida Should Be Bracing for Bad Pension News and More Debt
If FRS’ investment returns come in at -5 percent for this fiscal year, FRS' unfunded liabilities could grow to $47 billion.
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A Bailout Won’t Fix the U.S. Postal Service
The USPS lost about $78 billion from 2007 through 2019 due to declining mail volumes and increased costs.
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Why Some State Pension Plans Are Better Prepared for Market Volatility Than Others
Varying approaches to risk, plan assumptions and commitment to funding help explain the disparate impact of the coronavirus crisis and market volatility on public pension plans.
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Three Ways to Ensure Education Funding Reaches the Students Who Need It Most
Three principles to guide education and stimulus spending during the coronavirus pandemic.
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Reviewing the Impact of Budget Cuts on Student Outcomes
Researchers claim to have found evidence that spending cuts harm students. But perhaps what they actually found was that state regulations harm students.
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S&P Presents Guidelines for Funding Pension and OPEB Plans
Unfunded pension liabilities are taking on a larger role in S&P's credit ratings determinations. This is bad news for cities and states with perpetual pension problems.
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In Coping With the Coronavirus Pandemic, Mass Transit Agencies May Need to Reinvent Themselves
Transit ridership had been declining for several years before coronavirus, and now the pandemic promises to challenge these systems for months to come, if not permanently.
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Colorado Considers Reducing Pension Contributions in Response to Budget Concerns
If pension contribution policies are adjusted it would result in the addition of significant long-term costs and a public pension plan that is no longer en route to full funding.
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As Tourism Declines Due to Coronavirus Pandemic, Hawaii Faces Severe Pension Funding Problems
The Employees’ Retirement System of Hawaii had a funded ratio of just 55 percent before the coronavirus pandemic and economic downturn.