pensions
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Government
Millennials Given Responsibility to Pay for Retirement Programs Investment Deficiencies
by Ronald Stein March 30, 2020Unless pension funds around the nation continue to earn 7% or more per year on their investments, it’s likely that taxpayers will be on the hook for trillions of dollars of promises to government unions.
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The Business Roundtable (BR), a group of chief executive officers (CEOs) of some of America’s largest corporations, recently released a statement claiming that businesses have a broader purpose than simply making profit.
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Budgets/TaxesFeatured
Cause of Illinois Pension Crisis: Rise in Benefits, Not Shortfall in Funding
by Joseph Morris March 12, 2018A report issued by Wirepoints shows that the cause of the Illinois public-sector pension crisis has been the staggering increase in the benefits promised to public-sector employees rather than shortfalls in funding of pension systems by taxpayers.
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Kentucky currently has one of the largest pension funding gaps of any U.S. state.
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Americans seem to have a problem saving for retirement. This problem has implications for our own lives and for employer-provided pension plans.
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Education
Teacher Pension Crisis Is Punishing Children and Taxpayers
by Teresa Mull December 2, 2016A new report published by the Manhattan Institute warns us of an impending crisis: In the coming years, taxpayers will continue to be taxed more heavily to pay for teachers’ retirements, teacher pension debt will keep growing, and children will suffer for it.
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Budgets/TaxesFeaturedPodcast
Heartland Daily Podcast – Brandon Arnold: The Emerging Issues of Budget & Tax Policy
by MaryAnn McCabe July 12, 2016In today’s edition of The Heartland Daily Podcast, we listen in to an Emerging Issues Forum conference call hosted by MaryAnn McCabe, State Government Relations Manager for The Heartland Institute. The conference call features Brandon Arnold, Executive Vice President of the National Taxpayers Union.
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Budgets/TaxesFeaturedPodcast
Heartland Daily Podcast – Don Boyd: The Failure of Public Pension Funds
by Jesse Hathaway June 22, 2016In this episode of the Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Nelson J. Rockefeller Institute of Government director of fiscal studies Don Boyd about a new study examining how the assumptions and gimmicks public pension boards use to fund pensions are affected by investment risks, and how those risks affect taxpayers and government employees.
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Budgets/TaxesFeaturedPodcast
Heartland Daily Podcast – Adam Millsap: Ranking the Financial Health of the States
by Jesse Hathaway June 13, 2016In this episode of The Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Mercatus Center at George Mason University’s State and Local Policy Project scholar Adam Millsap about a new study ranking each US state’s financial health, based on factors such as short- and long-term debt, fiscal obligations, unfunded pensions and entitlement spending.