The Case for Pension Reform

By Kevin Kane

05/22/2012

The complex nature of the retirement system tends to obscure the importance of pension reform. This has contributed to an unfortunate lack of urgency over the years. But while the details can appear daunting, the crux of the matter is simple: Louisiana has promised its retirees more than it can deliver.

TAGS: Gov. Bobby Jindal, Louisiana, Pension Reform, pensions, Rep. Kevin Pearson, Retirement Benefits, Sen. Elbert Guillory, Taxes

Constitutional Amendment Will Pressure Lawmakers to Reform Pensions

By Kevin Mooney

07/12/2011

Under a proposed constitutional amendment, at least 5 percent of surplus funds must be used to pay down unfunded accrued liabilities that existed as of June 30, 1988 for the Louisiana State Employees' Retirement Systems (LASERS) and the Teachers Retirement System of Louisiana (TRSL).

TAGS: constitutional amendment, Gov. Bobby Jindal, Louisiana State Employees' Retirement System, Rep. Jerome "Dee" Richard, Rep. Kevin Pearson, unfunded accrued liabilities

Plan To Clear Unfunded Liabilities Passes House Comfortably

By Kevin Mooney

06/07/2011

Rep. Kevin Pearson's retirement reform bill passed the Louisiana House by a comfortable, bipartisan margin on Monday. His legislation provides for a readjustment of the final average compensation (FAC) for state employees that would be used to pay down unfunded accrued liabilities.

TAGS: Gov. Bobby Jindal, Pension Liabilties, Rep. Kevin Pearson, Retirement, UAl

House Poised to Attack Pension Liabilities with Alternative to Jindal Plan

By Kevin Mooney

05/26/2011

As an alternative to the pension reform legislation favored by Gov. Bobby Jindal, the House Committee on Retirement has voted to move a bill to the floor the includes an across the board increase in state employee pension contributions that would be used to pay down unfunded accumulated liabilities.

TAGS: Gov. Bobby Jindal, House Committee on Retirement, Rep. Kevin Pearson, Rep. Kirk Talbot, unfunded accumulated liabilities

Louisiana’s Comeback Agenda

Louisiana’s Comeback Agenda is a bold vision for policy change in Louisiana. Given our economic and cultural assets, Louisiana should be an economic powerhouse. This agenda is the roadmap for how we get there. It’s intended to serve as a guide for lawmakers, candidates, and community leaders to spark discussion and debate toward proven policies that will...

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