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Pension Obligation Bondholders Take a Hit in Puerto Rico
Unfortunately, governments continue to take risks by issuing pension obligation bonds rather than resolving their underfunding problems by better aligning today’s contributions with future promises.
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New Jersey Senate President Rolls Out Important Path to Pension Reform Progress
The reform appears to be a bold and creative way to slow the growth of pension costs while still keeping the retirement promises made to public workers.
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California’s High-Speed Rail Plan Gets Better, But Is Still Flawed And Too Expensive
The state should not gamble any more money on this troubled initiative.
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The Evidence Suggests That School Choice Is A Wise Investment in Wisconsin
Most of the rigorous studies find that school choice in Wisconsin also improves students’ academic achievement, high school graduation rates, college enrollment rates, civic engagement, and decreases crime.
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High Prescription Drug Prices Hit Pension Plans, Hurt State and Local Taxpayers
While high prescription drugs costs are most often seen as a problem for individual consumers or the federal Medicare program, they also significantly impact state and local governments.
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Study: State Pensions Are Badly Trailing Their Own Investment Return Assumptions
A recent study highlights the costly pitfalls of making overly optimistic rate of return assumptions and the associated investment risks borne by public pension plans.
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New Mexico Takes Steps to Reform Teacher Pensions, But More Is Needed
These recent positive steps still fall short of meaningfully addressing NMERB’s longer-term solvency concerns.
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Arizona Pension Bonuses Are Troubling. But Risky Investments Are The Real Crime
The bonuses raise important questions about what should really be ringing alarm bells.
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Study: Private Schools Produce the Same Academic Outcomes For a Third of the Cost of Public Schools
The most recent federal evaluation of the D.C. voucher program finds that it increases student satisfaction and safety, and decreases absenteeism, at a third of the cost of public schools.