benefit improvements, disability reform, early retirement incentives, long term perspective, municipal health insurance, opeb reform, pension reform, public/private comparisons
In recent months, Senator Brownsberger has engaged in discussions with government officials regarding the actuarial target rate of return for the Massachusetts Pension Reserves Investment Management Trust fund (PRIT). The PRIT fund is the state’s pension fund, established by the legislature in 1983 to address the state pension system’s unfunded liability. PRIT’s long-term actuarial target …
Continue reading “The 8.25%: PRIT’s long-term actuarial target rate of return”
Hi Will … The bill passed recently preventing unions from collective bargaining on health plan design was sold by you and others on the basis that municipal managers needed the flexibility it offered in the face of rising health care costs, that benefits were unusually generous in some towns (e.g. $5 co-pays, very low premium …
Some have found the conversation about municipal health care reform confusing. Here is a summary perspective.
The state budget approved today includes a new approach to health care negotiation for municipal employees. It streamlines today’s very cumbersome process while setting reasonable boundaries on the choices that municipal managers can make and assuring some sharing of savings with employees.
One of the most important subjects in the conversation about municipal health care has been the risk of high out-of-pocket costs. The GIC has just released a study which sheds light on this issue.
A panel of judges for the Pioneer Institute’s Better Government Competition has awarded me their 2011 First Prize for my pension reform proposal.
