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Public pension plans

The good news about public pensions

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A funny thing, even as foes continue to slam the cost of public pensions, the pensions themselves and the plans that provide them continue to become more stable and affordable.

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Pension Pro Blasts Nunes Bill at NFMA Conference

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A pension expert panned federal lawmakers’ efforts to increase oversight of state and local governments’ public pension plans.

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Groups Urge Legislators not to Disrupt Public Pension Oversight

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Organizations testifying before a U.S. House panel contended that public pensions are faring better than recent reports say, and that current transparency measures are working effectively.

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New England Pension Assistance Project locates pension for widow

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When Katherine* suddenly became a widow at the age of 52, she contacted her husband’s past employers to inform them of his death.  Among her husband's employers was the public utility of a municipality where he had worked for nearly 10 years.  Katherine knew that her husband had earned a pension while he was employed by the municipality’s public utility so she reported his death to th

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The role for DC plans in the public sector

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In the wake of the financial crisis, policymakers have been chattering about moving to defined contribution (DC) plans in the public sector. Defined contribution plans may well have a role in the public sector, but not as an alternative to defined benefit (DB) plans.

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Face It. 401(k)s are a Failure

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The first wave of attacks on public sector unions has highlighted the issue of pensions in the U.S. 

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An Overblown 'Crisis' For State Pension Funds

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In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 billion -- the equivalent of about $500,000 for each employee at the Wall Street titan.

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Why employee pensions aren't bankrupting states

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From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn't match reality.

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Golden Years?

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The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little.

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The Origins and Severity of the Public Pension Crisis

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With many state governments facing budget shortfalls this year along with dwindling federal assistance, some policy-makers have begun to call for drastic reductions of public sector pensions as a way to ease state budget woes.

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