Absent significant reforms, unfunded liabilities of state-administered pension plans will continue to grow and threaten the financial security of state retirees and taxpayers alike. The fiscal calamity could be far deeper and prolonged than the Great Recession.
With many states facing tough budgetary decisions, in part because pensions are requiring greater contributions, the Institute for Pension Fund Integrity decided to compare pensions through another metric besides the funding ratio. How well a pension is funded is important for determining the overall health of the system, but if the investments are not performing […]
This article originally appeared in Morning Consult on June 9, 2020. With the proxy voting season in motion, corporations and shareholders are preparing to debate numerous potential changes to how thousands of businesses operate. This year, a single issue will be at the forefront of everyone’s minds: the COVID-19 pandemic. The virus has upended the […]