benefit improvements, disability reform, early retirement incentives, long term perspective, municipal health insurance, opeb reform, pension reform, public/private comparisons
Today, NYT: http://www.nytimes.com/2011/03/02/business/02leonhardt.html?_r=1&scp=2&sq=leonhardt&st=cse . Summary: it’s not the pay, it’s the pension and disability benefits. And the work rules. Recently, Fortune/CNN: http://management.fortune.cnn.com/2011/02/28/are-public-unions-our-convenient-economic-scapegoats/?section=magazines_fortune . Summary: the unions are (generally) not the cause. Neither …
Continue reading “Two more articles on the unions/pay/pensions issue”
“…the current [pension] shortfall is attributable to the recent stock market plunge…” Hmm…first of all, the S&P 500 has doubled from its March 2009 low and is now within 40 …
Continue reading “what are reasonable assumptions about long term returns of pension plans?”
I appreciate the fact that you have been so involved in this issue as it is one of the largest fiscal issues facing Massachusetts and the rest of the Country. …
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 — …
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 …
