Pensions

Louisiana state pension proposal features 'cash-balance' plan, later retirement

The Times-Picayune | January 27, 2012

Gov. Bobby Jindal rolled out a proposal Wednesday for a massive overhaul of state employee pension systems that would move some new workers to a 401(k)-style plan, increase the retirement age for some existing employees and require increased contributions from some in the existing systems.

Connecticut Eyes Pension Overhaul

The Wall Street Journal | January 24, 2012

Connecticut Gov. Dannel Malloy on Monday called for pumping up payments into the State Employees Retirement System, one of the nation's most under-funded public pension funds.

Plan shakes state system

The Albany Times-Union | January 23, 2012

Billions of dollars are at stake in Gov. Andrew Cuomo's plan to shift new public workers into 401(k)-like individual retirement plans.

SC House panel considering changing its drafted pension reform proposal; no legislation yet

The Republic | January 19, 2012

Last month, the subcommittee approved a draft proposal to require public employees to work 30 years and be at least 62 years old to draw full retirement benefits. Employees currently have to work 28 years for full retirement, and there are no age requirements. But the panel yesterday directed a consultant to re-calculate how changes to its proposal would affect the system's solvency.

Cuomo Proposes New York Fiscal 2013 Budget of $132.5 Billion

Businessweek | January 17, 2012

New York Governor Andrew Cuomo proposed a fiscal 2013 budget of $132.5 billion that closes a $2 billion deficit in part by finding $1.14 billion in agency savings and centralizing purchasing and human resources.

In the News

State Budget Issues

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The Williams Report Launches

SBS President Bob Williams compiles the recent developments in state budgets, pensions and collective bargaining on a weekly basis.  SBS has now combined those three updates into The Williams Report, a comprehensive ovewiviw of the latest headlines and information from all 50 states.

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