Ever since both 2016 presidential candidates made infrastructure investment a core component of each of their platforms, we have been waiting for a significant infusion of federal funds to modernize our aging bridges, highways, and transit systems.
East St. Louis fire and police pension board members will give the city another chance to keep their pension funds current before deciding whether or not to pursue another revenue intercept by the Illinois Comptroller’s office.
The 50th annual World Economic Forum, hosted by the Swiss non-profit International Organization for Public-Private Cooperation, was held between January 21 and 24, 2020 in Davos, Switzerland (the “Forum”).
The budget part of the speech held few surprises and was far less ambitious than last year’s agenda. After a first year in which Pritzker passed gambling and cannabis legislation and a $45 billion infrastructure plan, the governor is taking a breather this year, relatively speaking.
State government budgeting practices have shown overall signs of improvement in recent years, but long-term expenses like pension and health care benefits for retired public workers present looming challenges for many places.
The 2020 presidential candidates have proposed various changes to Social Security’s retirement program. The Center has collected a list comparing these changes. The list will be updated on a regular basis throughout the campaign season.
On Friday, February 25th, Roundtable members traveled to Washington to advocate for changes to prescription drug pricing legislative proposals in order to protect public sector retirees in Medicare Part D employer group waiver plans (EGWPs). Several Roundtable members along with Roundtable staff met with the offices of Majority Leader Mitch McConnell (R-KY) and Speaker Nancy Pelosi (D-CA), as well with the full team at the Medicare Payment Advisory Commission (MedPAC).
A new issue brief from SLGE, An Introduction to Police and Fire Pensions, discusses defined contribution retirement plans and other retirement benefits, as compared to overall local government compensation. Also included is a review of the data on retirement ages for public safety staff.
The National Public Pension Fund Association (NPPFA) was founded in 2017 but developed its roots in a state specific not-for-profit umbrella organization representing police and fire defined benefit retirement funds in 1985.