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NYC corrections officers refuse help from private prisons despite desperate jail conditions
Understaffing has reached record levels at NYC's Rikers Island jail, resulting in unsafe conditions for inmates and the staff.
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New York state’s new pension investment assumptions will help plan funding
Pension plans across the country should follow New York's lead and adjust their investment assumptions to be more in line with historical performance and market forecasts.
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Why is the Biden administration opposing railroad safety improvements?
In essence, a safety regulator has adopted a position against improved safety.
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Examining the causes of cost overruns on rail and road projects
The average rail project cost 40% more than estimated and its benefits were only 66% of what was projected.
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States Reform Act would automatically expunge federal criminal records for marijuana offenses
Decriminalization and legalization of marijuana should go hand-in-hand with expunging past cannabis-related criminal records.
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Governments increased their use of pension obligation bonds in 2021
In September, pension obligation bonds rated by S&P in 2021 totaled $6.3 billion—compared to $3.0 billion in 2020.
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Youngkin should prioritize modernizing Virginia’s transportation funding sources
Virginia’s highway system is lagging behind neighboring Atlantic states.
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Most public pension plans raised employee contribution rates in the last decade, report shows
The amount a public employee contributes to their pension plan has increased by 1.25% since 2011.
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Market risks remain a long-term challenge for public pension systems
Public pension plans need to remain mindful of the balance between long-term returns and the volatility risk inherent in some asset classes.