• In March 2011, the nation watched as Wisconsin Governor Scott Walker signed into law the Wisconsin Budget Repair Bill, also known as Act 10. By limiting collective bargaining to wages only, this measure gave MPS the authority to modify its retiree health program, and the Badger State’s largest school system has since acted upon that authority. This paper analyzes and projects the future retirement obligations in Milwaukee and illuminates how retirement reform can help to solve the pension-funding problem.
  • While Ohio has removed some of the teacher pension funding burden from school districts (and students), it now falls heavily on the shoulders of Cleveland’s newest teachers. (In effect, they are now being taxed to pay for the benefits of other current and past employees.) This report projects the city’s future retirement obligations and illuminates how retirement reform can help solve the pension-funding problem—and some of the accompanying challenges.
  • This report analyzes and projects the future retirement obligations in Philadelphia and illuminates the nature and scale of the pension-funding problem.
  • As pension liabilities continue to rise, state chiefs need to help educate district leaders on how their decisions affect pensions in ways they may not consider. And, of course, given that pensions are a key part of teacher benefits, state chiefs should understand how incentives built into teacher retirement plans can affect retirement behavior and school staffing.
  • Although stock markets and housing prices have risen since the bottom of the Great Recession, American households did not increase their retirement security significantly from 2010 to 2013.