New Jersey to Fully Fund Pension System for First Time in 25 Years
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New Jersey plans to fully fund its pension system for the first time in 25 years with a $6.4 billion contribution, Gov. Phil Murphy announced […]
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Kentucky Lawmakers Consider New Teachers’ Retirement System Tier
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The Kentucky House of Representatives on Feb. 4 will vote on a bill that, if passed, would create a new benefit tier within the Teachers’ […]
Florida May Remove Pension Benefit Choice for State Workers
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The Florida Retirement System is in need of big changes—as of 2020 it has nearly $36 billion in unfunded liabilities, partially driven by misjudgments on […]
Kansas Governor Seeks to Reduce Annual Pension Payment
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Kansas Gov. Laura Kelly recently released a budget plan that includes a proposal to cut the state’s annual contribution to its pension system by 24%. […]
Are Texas Teacher Retirement Benefits Adequate?
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Download the report | Are Texas Teacher Retirement Benefits Adequate? Long-serving veterans who remain in the Teacher Retirement System of Texas for 27 or more years […]
Texas Teachers’ Retirement System at a Glance
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The Texas Teachers’ Retirement System provides benefits to more than 1.6 million members, according to its website. Here’s what you need to know about the […]
Florida Retirement System at a Glance
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The Florida Retirement System provides benefits to more than 2.5 million active and retired members, according to the state’s Division of Retirement. Here’s everything you […]
Arizona State Retirement System at a Glance
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The Arizona State Retirement System provides benefits to more than a half-million members, including more than 100,000 retired members, according to its website. Here’s everything […]
Employee Contributions for State Agency Pension Plans
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Every state manages its pension funds for state workers a little differently. States also vary in how much they make state workers pay for retirement […]
Understanding the State of Teacher Pension Funding in 2020
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Teachers and educators make up the largest group of public employees in the country. Roughly half of the pension promises made by states and cities […]