Cathy and Stan Rezendes in Arlington asked me to pass on the following statement: As outlined in the Boston Globe article on April 13, 2014, the executive director of PBGC has stated: “Unless Congress acts–more than 1 million people will lose their pension”. Further, “if Congress allows the PBGC to get the money and authority […]
Senator Brownsberger and Representative Aaron Michlewitz, Chairs of the Joint Committee on Public Service, issued the following invitation to a public oversight hearing of the Joint Committee on Public Service. TO: Community and Organizational Representatives listed in Attachment FROM: Representative Aaron Michlewitz and Senator William N. Brownsberger, Chairs of the Joint Committee on Public Service […]
A panel of judges for the Pioneer Institute’s Better Government Competition has awarded me their 2011 First Prize for my pension reform proposal.
During my recent re-election campaign, I made public employee benefit reform a high priority and, having been reappointed to the public service committee, I’ll be working hard on the issue. Ongoing input will be much appreciated.
Section links are to a proposal for simplification of the pension system (which has been filed as House 2930). House 35 is the Governor’s pension reform proposal. Investment Risk — the possibility that earnings on invested funds will be insufficient to cover costs of future benefits. Many analysts believe that the earnings available to dollar […]
An Act to make the public pension system simpler and fairer, to provide better income security to lower wage state employees and to protect future taxpayers from unanticipated pension costs (HD 01392) Summary: This bill creates a new pension plan for new public employees designed to improve the income security of lower state employees by […]