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  • Headlines

    US public pensions need more than investment windfall

    CNBC.com | March 10, 2014

    The higher-than-expected returns since 2012 are welcome, but experts say they don't make up for a legacy of insufficient funding, a problem that afflicts many states that allow elected officials to control the process.

  • Headlines: Maryland

    Extra pension payments cut by Senate committee to balance budget

    Maryland Reporter | by Len Lazarick | March 10, 2014

    The Maryland Senate Budget Committee voted Friday to take $500 million over the next five years from extra payments into the state pension system to balance the budget this year and for the next four.

  • Headlines: West Virginia

    Senate Budget Uses $125 Million from Rainy Day Fund

    West Virginia Public Broadcasting | by Ashton Marra | March 7, 2014

    The West Virginia Senate's budget pulls more money from the Rainy Day Fund to pay for increases in Medicaid.

  • Headlines: Arkansas

    Lawmakers tackle surplus spending, state budget

    Arkansas News | by John Lyon | March 7, 2014

    A legislative panel on Thursday endorsed a plan to spend nearly $22 million of the state's projected $125 million budget surplus, settling on a handful of the more than $90 million in projects that legislators and Gov. Mike Beebe had proposed.

  • Headlines: New Jersey

    'Retired' school chief teaches NJ pension a $1.7 million lesson

    New Jersey Watchdog | by Mark Lagerkvist | March 7, 2014

    The question is whether the New Jersey public retirement system - facing a $52 billion deficit - can afford to pay big pensions to retirees who are still working in high-paying public jobs.

  • Headlines: Kentucky

    Bill would let some agencies leave Kentucky Retirement Systems

    The Courier-Journal | by Mike Wynn | March 7, 2014

    A GOP lawmaker has filed legislation that would allow quasi-governmental agencies to withdraw from Kentucky's public pension system if they agree to pay off their retirement liabilities.

  • Headlines: Iowa

    Iowa House and Senate agree on $6.97 billion state budget for coming year

    The Des Moines Register | by William Petroski | March 6, 2014

    Republicans and Democrats settled on a $6.97 billion budget for the 2015 fiscal year, which begins July 1, 2014. Such a compromise is not at all typical in the divided Legislature, and could allow lawmakers to adjourn ahead of schedule this year.

  • Headlines: Nebraska

    $8.8B budget includes boost in property tax credits, funds to ease prison overcrowding

    The Omaha World-Herald | by Martha Stoddard | March 6, 2014

    This year's package includes a $25 million boost in property tax credits, as well as money for water projects, prison overcrowding, parks maintenance, job training, developmental disability services and pediatric cancer research.

  • Headlines: Rhode Island

    Rhode Island's Winding Road to Serious Pension Reform

    Governing | by Charles Chieppo | March 6, 2014

    Under the settlement, individuals who retired before June 30, 2012, would get a one-time 2 percent COLA. Going forward, COLAs would be awarded every fourth year (instead of every fifth under the original legislation) until state pensions are 80 percent funded.

  • Headlines: Washington

    House OKs supplemental budget; Senate negotiations next

    The Seattle Times | March 5, 2014

    The measure makes adjustments to the $33.6 billion, two-year state operating budget approved by the Legislature last year.


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