In the News • February 21, 2014
“At age 58 and less than a decade away from retirement, Nancie Eichengreen, found herself having to start over from scratch. It was 2012 and she had been laid off for the second time in 10 years from her job as a legal secretary. She spent a few years collecting unemployment benefits and dipping into […]
In the News • February 19, 2014
“Glaring headlines about Arizona’s public worker retirement system suggest that your typical retired teacher, firefighter or police officer is sipping margaritas on a beach somewhere enjoying a six-figure pension. Meanwhile the state’s pension funds are running out of money, leaving you, the taxpayer, stuck with the bill. Contrary to that alarmist image, Arizona’s retirement system […]
In the News • February 6, 2014
“Who killed pensions? Can they be resurrected? A few decades ago, pensions were almost taken for granted by both public and private employees. They promised that people who worked a specified number of years for one employer would receive a certain amount each month, for life, after they retired. That amount was usually based on […]
In the News • February 2, 2014
“Arizona’s public pension systems for state employees, public safety personnel and corrections officers are on a path toward financial stability, according to a study by a bipartisan think tank. Despite having funding to meet 71.6 percent of pension obligations — a gap of $14.5 billion — reforms enacted in 2011 have curtailed the growth of […]