Category Archives: Pensions

Unfunded Liabilities Undermine Budget Progress

Ohio’s new budget is a step in the right direction, but without pension reform this progress will be for nothing. A recent index of state budget solvency from the Mercatus Center provides a stark illustration of the need for reform. …

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Buckeye Institute 2013 Fall Lecture Series

All events in this lecture series are free of charge, and registration is simple! Look below for our full list of events and details coming this Fall! Fall Lecture Series Events Thursday, October 10, 11:30am: Worse Than You Think: A Luncheon Discussion of …

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Ohio Pensions Aren’t Like Detroit, But More Reform Needed

As Detroit faces bankruptcy, many public employees are nervously waiting to see what exactly will happen to their generous pensions.  The Motor City simply can’t pay them and, unfortunately for those workers, they were lied to for years about what …

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Fairness and Flexibility Not Addressed in Pension Reform

The General Assembly just passed a significant package of reforms for each of the five public pension systems in Ohio.  While each bill was somewhat different, in general, the changes included: * modifying cost of living adjustments, * increasing the number of …

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Pension Reforms Can Help Employment Flexibility

In calling for fundamental pensions reform Buckeye has argued that only a shift from defined benefit plans to defined contribution, or hybrid, plans must be considered if Ohio is to move beyond the old, “Blue Model” of organization that no …

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Several Ohio Pensions Decline Under New GASB Standards

The Government Accounting Standards Board (GASB) has just adopted new rules for the calculation of pension liabilities.  This move has been long expected.  It has also been long dreaded by most public sector pensions because as the Wall Street Journal …

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Demystifying a Big Road Block to Real Pension Reform

Meaningful public pension reform requires moving from defined-benefit (DB) pension systems, where taxpayers bear all the risk and public sector employees reap benefits not available in the private sector, to 401(k) like defined-contribution (DC) plans that more equitably allocate risk …

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