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Archives for Public Employee Pensions

Is Reforming Public Pensions a Winning Idea?

You might say that 2011 was the year when the costs of public pensions started to emerge into the national consciousness, what with all the events that happened in Wisconsin. What does this year hold? A noted Washington DC-based think tank has assembled a group of experts who will address that question.

The American Enterprise Institute (AEI) is having a conference called “Collective Bargaining, Public Pensions and Voters: The Policy and Politics of Public-Sector Employees in the 2012 Elections.” It will be held Wednesday, January 25, from 7:30-10am, CST. The event is in DC, but it will be streamed online, so you can bypass the TSA and still participate. Just click on the AEI website when the time comes.

Here’s the official description of the event.

In states around the country, 2011 was marked by substantial and sometimes acrimonious debate over reforms to public-sector employees’ compensation, especially pensions and fringe benefits. States including Massachusetts, Michigan, New Jersey and Rhode Island enacted a variety of reforms designed to shore up ailing state finances and reduce future liabilities. In Wisconsin, the debate over reform virtually paralyzed the state government for weeks. And in Ohio, a vote to eliminate public-sector collective bargaining and trim benefits was roundly rejected by voters.

What does 2012 hold, both in terms of policy and politics, for the developing relationship between public-sector workers and taxpayers? What does a proactive reform agenda for 2012 look like? Is a pro-reform platform a winning issue for reformers or their opponents? This event will address these and other questions in two panel discussions: the first looking at the state of public employee pensions and potential future reforms, and the second examining the politics surrounding public employee compensation reform, including who won and lost politically in 2011 and what these state-level skirmishes can tell us about the 2012 elections.

 

Andrew Biggs on Pensions in the Wall Street Journal: Pension Commission Meets January 31st at 5pm

Andrew Biggs had another good article in the Wall Street Journal yesterday called “Why Public Pensions are so Rich”. The pay-wall is down so you can enjoy it.

It reminded me to tell you that the LCPR (pension commission) begins meeting again on Tuesday nights at 5:00 pm, January 31st and throughout the session. Here is the link in case you want to join us.

We’ll keep you posted on pension reform to address our massive unfunded liabilities (or the lack thereof) as the session progresses. We are  looking for a move to a hybrid plan (combining a defined benefit and defined contribution) as well as changes in the assumed rate of return for pension investments (currently the highest in the nation at 8.5%).  Stay tuned!

 

Dayton’s Executive Order on Unionization of Daycare Providers/ Hearing in House Commerce Committee: Monday, Nov.21 at 10 am

The governor is keeping our part-time legislators very busy during the interim.

So far, the governor has not sent a representative to any hearings in the House or Senate; will he send someone this time? Citizens are welcome at the hearing!

You can read about the issue here: http://mnfreemarketinstitute.com/2011/11/15/governor-dayton-issues-executive-order-unionization-of-daycare/

MONDAY, November 21, 2011  –  10:00 AM

Meeting Time Note: Chair: Rep. Joe Hoppe MEETING: November 21, 2011 10:00 AM 10 State Office Building AGENDA I. Call to Order. II. Roll Call. III. Discussion on the Executive Order Calling For Child Care Provider Union Election
Commerce and Regulatory Reform
Room: 10 State Office Building
Chair: Rep. Joe Hoppe

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