Alaska House Bill 78 would reopen the state’s pension system, exposing taxpayers to financial risk. Built on optimistic investment assumptions, the bill could add over $7 billion in costs while benefiting only a small share of long-tenured public workers. https://t.co/qRnZ0Cfdpj

For today’s workers, the defined contribution plan provides stronger, more reliable benefits than a traditional pension and should remain an option.

Alaska lawmakers are considering eliminating the state’s defined contribution plan, but doing so would limit retirement options for most public workers.

AB 1383 moves California in the wrong direction. If passed, it would deepen public pension debt and likely force local governments to shift money from schools, infrastructure, public safety, and other programs to cover rising pension costs.

Ensuring public employees are treated fairly doesn’t require undoing successful public pension reforms that have saved taxpayers billions and helped put the state on a more sustainable path. https://t.co/tw1zvklsRg

The state of California has over $270 billion in debt, and local entities have over $230 billion in debt. https://t.co/ALIVKaQzNt

CalPERS has $166 billion in debt, and CalSTRS has $39 billion in unfunded liabilities. https://t.co/a7tFLP6pR6

Not to mention, the California Public Employees' Retirement System is just 72% funded, meaning another market downturn could significantly widen the funding gap. New unfunded commitments only add to the risk for taxpayers.

That reform was about protecting taxpayers and core services and ensuring future pension promises could be kept. Reversing it puts that stability at risk.

In the long term, AB 1383 could add over $9 billion in costs over the next 20 years, undoing PEPRA savings that have already preserved $5 billion and could save $25 billion more if left intact.

If the bill passes, California’s local police and fire pension systems would need another $5.3 billion to fund future pension benefits and add $370 million in new debt to cover retirement benefits that workers have already earned. All of that would have to be paid by taxpayers.

Assembly Bill 1383 would lower the retirement age and increase pension benefit multipliers for public safety workers. It would also remove the 50/50 cost-sharing rule, shifting more of the long-term financial risk back to taxpayers.

California lawmakers are considering a bill that would expand public safety pensions by reversing parts of the state’s 2012 bipartisan public pension reforms (PEPRA). #AB1383 is a costly move that would increase costs and strain state and local budgets. 🧵

“Good pension reform promotes fairness and does not pass on the costs of today’s public services to future taxpayers.” https://t.co/82EyVgtWgF

How proposed property tax cuts could impact public pensions in Texas, how Louisiana's pension crisis threatens taxpayers, and more in this month’s newsletter. https://t.co/82EyVgtWgF

This month’s Pension Reform Newsletter highlights how public pension reform supports fiscal responsibility. It also examines the potential impact of property tax cuts in Texas on pension debt, Louisiana’s pension challenges, and other national trends. https://t.co/82EyVgtWgF

Well-designed pension reform can improve fairness by expanding portable retirement savings, aligning costs with services, and easing burdens on future taxpayers. It also helps protect public services and sustain retirement security for workers.

Louisiana Gov. Jeff Landry wrongly claimed taxpayers might be stuck paying the bill to buy out LSU’s fired football coach. Rather than football, the governor should be focused on the state’s taxpayer-backed pension systems, which carry billions in debt. https://t.co/MzwHWz1U56

Louisiana Gov. Jeff Landry should give as much attention to the state’s public pension debt as he has to LSU football. https://t.co/eqUiPVNol5

Texas leaders are promising homeowners the biggest property tax cuts in state history at the exact moment the state’s largest teacher pension system is flashing new warning signs. https://t.co/Xwwyhbluty