Archive: State & Local Pension Plans
Fifty state plans can’t be the answer; Congressman Neal has the better idea. As noted before, the coverage gap is the most serious problem in the private sector retirement system. At any moment in time, less than half of private sector workers are offered any type of retirement plan by their employer. Since people rarely…
Changes impact current retirees, current employees, and current and future taxpayers. At the end of May, the Governor of Texas signed a pension reform bill for the Dallas Police & Fire Pension System (and separate measures for Houston’ three pension plans). This legislation reduces benefits, reforms the Deferred Retirement Option Program (DROP), and raises revenues…
