FAQ: Understanding the Social Security Fairness Act
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On Jan. 5, 2025, President Biden signed the Social Security Fairness Act, that eliminated the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). This […]
Audience: Public Workers
Pension Plan Funded Ratio Rankings 2024
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The funded status for state and local pension plans improved in 2024, propelled forward by solid financial market performance. Yet, public pension plans are still […]
Who Benefits?
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The State of Connecticut is subsidizing school districts by directly paying for all costs of teacher pensions. This Per Pupil Pension Subsidy allocates more dollars […]
State of Pensions 2024
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Which Pension Funds Could Be Affected by the Forced Sale of TikTok?
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There are at least 21 state and local public pension funds that could be affected by the recently approved law forcing a sale of TikTok. […]
Teacher Pension COLAs in 2023
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A key feature of teacher pension plans is that they offer guaranteed income for life. But unless the purchasing power of that pension income keeps […]
Public Pension COLAs in 2023
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A key feature of defined benefit pension plans is that they offer guaranteed income for life. But unless the purchasing power of that income keeps […]
Pension Plan Funded Ratio Rankings 2023
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At the end of fiscal year 2023, the average funded ratio for American public pension plans was 78.1%. While this is a modest improvement over […]
STRS Ohio Needs More Money.
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State of Pensions 2023: National Pension Funding Trends
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In 2023, U.S. public pension funds remain fragile. According to Equable Institute’s State of Pensions 2023 report, state and municipal retirement systems are on track […]