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S&P Global’s annual pension report projects an uncertain future for pension funds
Market experts are warning that factors such as inflation, rising interest rates, and slower payroll growth could derail public pension systems' funding progress.
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The broken federal budget process gets even worse with $1.5 trillion omnibus spending bill
With the last major federal budget reform now 50 years behind us, and after 20 consecutive years of federal budget deficits, the congressional budget process obviously needs an overhaul.
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California is using outdated high-speed rail ridership estimates
As state legislators decide whether to issue another $4 billion of bullet train bonds this spring, they should have the best and most recent possible information to make informed decisions.
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Comparing how much states contribute to public workers’ defined contribution retirement plans
Government employers should ensure their contributions to employees' defined contribution retirement plan are in line with industry best practices.
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New Hampshire bill would legalize marijuana but create a state-run monopoly to sell it
New Hampshire should legalize marijuana but the private sector is far more equipped to effectively serve consumers.
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Alaska pension bill would bring major financial risk and unfunded liability growth
House Bill 55 would commit Alaska to unpredictable long-term costs for public safety workers' pensions so it is crucial to consider the costs over decades, not just a few years.
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Florida bill to expunge juvenile records headed to Gov. DeSantis’ desk, again
In response to Florida Gov. Ron Desantis' claims, the new state bill, House Bill 195, clearly excludes forcible felonies from being expunged.
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Current pension plans aren’t helping recruit and retain teachers
The data show that public pension offerings may be preventing public schools from providing teaching staff what they really want: higher salaries.
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The role of retirement plan design in recruiting workers to the public sector
Colleges and universities have recognized professors need portable retirement plans, but other public sector employers have been slow to adapt.
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BART ridership numbers and projections don’t justify second transbay tunnel
By 2032, BART ridership is projected to reach only 70% of pre-pandemic projections.
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As school choice gains traction, states also need to update their school-finance formulas
States need to update school-finance formulas that fail to fund all kids fairly, are too reliant on local taxes, and don’t easily accommodate student movement between schools.
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Fixing the plea bargaining process is an essential criminal justice reform
Plea bargaining is overused and abused, often to the detriment of justice.
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Latest Mobile River Bridge and Bayway plan raises a lot of questions
By rejecting the previous public-private partnership proposal, the Alabama Department of Transportation has placed a heavy burden on itself.
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Qualified immunity enables misconduct and prevents accountability
Qualified immunity is in profound disharmony with the core American value that no one is above the law.
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Forcing public pension plans to make political investing decisions could hurt taxpayers and retirees
State lawmakers shouldn’t force their environmental or social goals onto pension fund managers.
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Florida’s proposed data privacy law would hurt consumers and businesses
While trying to give consumers more control over their data, House Bill 9 violates several of the best practices for good consumer privacy laws.
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Finding ways to finance the reconstruction of America’s bridges
The Mobile River Bridge in Alabama is just one of many major bridges that need to be replaced with modern facilities.
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Another congressional hearing, but few improvements at WMATA
The Washington Metropolitan Area Transit Authority's board is fundamentally flawed.