The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
Taxpayers are covering 56 percent of the pension plan contributions for Louisiana State Troopers. Moreover, a portion of the fee residents pay for their driver's license is also used to help fund the police retirement plan. At a time when rising liabilities threaten the stability of the entire state pension system, state troopers should not be excluded from policy changes, and NFIB official says.
The Pelican Institute's latest research compares Louisiana's pension crisis Wisconsin's. Despite less coverage, Louisiana's situation is far worse, and Bobby Jindal's plan is nowhere near enough to make a dent in the unfunded liabilities.