The Pension Integrity Project at @ReasonFdn works with stakeholders to design and implement pension reforms that improve plan solvency and retirement security.
With $292 billion in unfunded pension liabilities, California’s public retirement systems must be managed to ensure the funding of promised benefits while minimizing costs to taxpayers.
https://t.co/qwck6wA6Jx
“State policymakers need to see these influence campaigns for what they are: blatant attempts to hijack public retirement funds for political interests,” writes @Zachary Pensions.
https://t.co/qwck6wA6Jx
But pension funds are not political organizations. Public employees and taxpayers contribute to these systems with the expectation that investment decisions will prioritize long-term investment returns and prudent risk management, not activism.
New York state and local governments carry more than $63 billion in unfunded pension liabilities and over $300 billion in unfunded other post-employment benefits.
https://t.co/CdOdzZl6nY
Join Nevada State Controller @AndyMatthewsNV of @NVGovernment and other public finance experts on May 21 for @ReasonFdn’s webinar on dealing with more than $5 trillion in state and local long-term liabilities.
Registration link in comments. ⬇️
"California taxpayers are on the hook for hundreds of billions of dollars of guaranteed pension benefits for the state’s public employees, which currently have $292 billion in unfunded liabilities."
The city is counting delayed pension debt payments as savings, even though pushing those costs into the future will leave taxpayers paying more in the long run.
https://t.co/XvxP0yZRTZ
“Mamdani’s maneuver is nothing but a budget gimmick. This plan will reduce immediate pension debt payments and lead to higher payments in the future.” — @MariiFTrujillo
https://t.co/XvxP0yZRTZ
“If Mayor Mamdani wants to spend more money, he should make that case openly and identify sustainable revenue sources to support his spending priorities rather than stretching out current bills and passing the costs on to future taxpayers.” @MariiFTrujillo https://t.co/XvxP0yZRTZ
New York’s 2012 pension reform is supposed to save taxpayers $80 billion over 30 years. Supporters of rolling back the reform claim it would help address recruitment challenges, but the data show no evidence of a recruitment crisis.
https://t.co/CeTq326aqH
Mayor Mamdani's budget "strategy doesn’t reduce costs, it delays them in the short term and increases them in the long term, saddling future generations with the debt while politicians spend today." — @MariiFTrujillo
https://t.co/ytuPmHyzc3
"California taxpayers are on the hook for hundreds of billions of dollars of guaranteed pension benefits for the state’s public employees, which currently have $292 billion in unfunded liabilities." — @PensionZachary