Largest US Public Pensions Now Face $2T Hole

As reported by Bloomberg News, the 25 largest U.S. public pensions face about $2 trillion in unfunded liabilities, according to Moody’s Investors Service.  As described, “Despite the robust investment returns since 2004, annual growth in unfunded pension liabilities has outstripped these returns,” Moody’s said. “This growth is due to inadequate pension contributions, stemming from a […]

Anne Arundel Board of Education Adopts New Suspensions Policy

As reported by The Capital Gazette, the Anne Arundel County Board of Education on Wednesday approved a new policy for student suspensions and expulsions that focuses on rewarding positive behavior instead of punishing negative behavior.  The Gazette describes, The policy is designed to keep kids in the classroom, and focuses on fostering, teaching and acknowledging favorable behavior, […]

Conference Session: Maryland’s Progress Towards Pension Security

Senator Edward Kasemeyer, Chair of the Senate Budget & Taxation Committee led a discussion of public pension plan liabilities and the ways that the State and local governments are working to reduce liabilities. During the session, In the Wake of Detroit: Public Pension Liabilities, Elizabeth K. Kellar, President/CEO, Center for State and Local Government Excellence gave national perspective on unfunded […]

Federal Court Upholds Baltimore City Pension Reforms

As reported by the Baltimore Sun, a federal appeals court on Wednesday upheld Mayor Stephanie Rawlings-Blake’s overhaul of Baltimore’s police and fire pension system, but left open avenues for the unions to keep fighting. As described, The 4th U.S. Circuit Court of Appeals in Richmond, Va., overturned a lower court’s ruling in 2012 that a key […]

In the Wake of Detroit: Public Pension Liabilities

Pensions have made national headlines in recent months, notably as part of the City of Detroit’s bankruptcy proceeding. In that case, pension liabilities were cited both as a cause of the City’s fiscal demise, and a factor in bankruptcy negotiations. In this session, panelists will discuss the Detroit case, and strategies that have been successfully […]