Posts Tagged ‘public employees’

State sees bonds as investment capital to close unfunded pension gap

Here is a repost of an article written in June 2010 on the state using bonds to fund state pensions. June 14, 2010 Selling up to $5 billion in bonds could either place Alaska further in the red or, as State officials hope, successfully decrease the multi-billion dollar pension unfunded liability. Deputy...
September 20th, 2016 | Recent News | Read More

Public Service Millionaires in Ohio

The state of Ohio has a program option called DROP that allows public employees (police officers, firefighters) to “double dip” on their pensions. This report from the Buckeye Institute explains why the program matters to the individual Ohio citizen, and specifically how the system should...
October 28th, 2010 | Recent News | Read More

Startling state unfunded liabilities

(NCPA) NCPA’s Unfunded Liabilities report takes a sobering look at state pension plans. Alaska’s unfunded liabilities are 42% of the state’s GDP. Read the report <here>
September 24th, 2010 | Fiscal Policy | Read More

AKWatchdog: Budget forums target police department for cuts

After the Municipality of Anchorage hosted a series of public forums on the upcoming FY 2012 budget, a report on the discussions reveals many taxpayers would like to see budget cuts within the police department. With an estimated city budget shortfall of up to $18 million, the forums gave Anchorage residents...
September 15th, 2010 | Policy | Read More

The Hidden costs of the ASD contracts

By David Boyle Just recently, the Anchorage School Board approved a contract for the Anchorage Education Association (AEA) for the period 2010-13.  We expressed concern at the School Board meeting (May 24th) that the board may not have been informed of the total costs of this contract.  When asked...
August 16th, 2010 | Education | Read More

Unfunded pension liabilities drastically underestimated

(NCAP) Recent reports state that due to over-estimated discount rates, the public employee retirement pension liabilities of many state and local governments have been under-estimated by 75-86 percent. Read the article <here>
July 30th, 2010 | Fiscal Policy, Policy | Read More

Rates adjusted to address unfunded PERS/TRS gap

Kirsten Adams Friday, June 18 After two full days of presentations, discussions and review, the Alaska Retirement Management Board approved pension contribution rates today for fiscal year 2012 in an effort to reduce the multi-billion dollar unfunded liability. The rates are based on 2009 valuations...
June 27th, 2010 | Fiscal Policy, Recent News | Read More

Alaska Watchdog: Board to approve state’s retirement funds

By Kirsten Adams  Nearly a year after the close of the 2009 fiscal year, financial reports on the public employees’ pension systems for that year are finally complete, and ready for review by pension management. The Alaska Retirement Management Board, tasked with keeping an eye on Alaska’s multi-billion...
June 24th, 2010 | Recent News | Read More

San Diego ballot initiative would bring contract transparency

Battle lines are being drawn in San Diego over a possible November ballot measure that supporters say would ensure competitive bidding for municipal contracts, but which opponents argue is deceptive and has hidden consequences. Councilman Carl DeMaio plans to submit more than 138,000 signatures to the...
June 16th, 2010 | Recent News | Read More

Millionaire Police Officers?

(Forbes.com) It is said that government workers now make, on average, 30% more than private sector workers. Put that fantasy aside. It far underestimates the real figures. By my calculations, government workers make more than twice as much.  Government workers are America’s fastest-growing millionaires. Doubt...
June 14th, 2010 | Fiscal Policy, Recent News | Read More
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