In my previous post,
I looked at some basic principles that should guide state policy makers when
tackling pension reform. Now, we turn to the politics. And in that regard, Rhode Island’s 2011 pension reform offers
a useful example for other states to consider. In his Brookings study, “Pension Politics: Public Employee Retirement System Reform
in Four States,” Drew University political science professor
Patrick McGuinn looks at recent reform efforts in four states’ experience in
implementing pension reform.
Two of these states—Utah and Rhode Island—enacted
significant structural changes to their pension systems while the two
others—New Jersey and Illinois—enacted more limited changes that were less
innovative. Drawing lessons from those four states, he then outlines
some basic principles for how to implement reform, citing examples……To Read More….
No comments:
Post a Comment