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.
By building on existing research from the Louisiana Sentencing Commission and following key principles that have guided successful reforms in Texas and other states, Louisiana policymakers can take the next steps to enhance public safety in the state and control costs borne by taxpayers.
As an alternative to the “draconian Jindal approach” to education reform, the state’s teachers unions have offered up legislation that would revoke value-added teacher assessments, reinstate tenure and empower school boards over superintendents.
Last week the Louisiana Budget Project (LBP) published a response to our critique of the health insurance exchange proposed by Sen. Karen Carter Peterson in SB744. We have reviewed their arguments in favor of the exchange and find them unpersuasive.
Louisiana should not devote resources to a program it won’t control and may soon be rendered obsolete This evening, Louisiana’s Senate Finance Committee is scheduled to hear SB744. This bill would require Louisiana to create an “exchange” to facilitate the purchase and sale of health insurance under the Affordable Care Act (ACA), otherwise known as…
On Monday, Louisiana’s House of Representatives is expected to vote on HB 1095. This bill would make Louisiana party to the National Popular Vote (NPV) “compact” whereby state electors would pledge to cast their votes to the presidential candidate receiving the most votes nationwide, regardless of the results in Louisiana. Here are six reasons why legislators should reject this attempt to jettison our electoral system.
Gov. Bobby Jindal’s proposals to boost employee contributions, alter benefit calculations and increase the official retirement age will soon undergo substantive changes during floor debate in the Upper Chamber.
Louisiana lawmakers are set to take up “payroll protection” bills that would prohibit public school officials from automatically deducting worker dues for political purposes. The proposals figure into a larger national movement built around state initiatives.
Critics of Governor Jindal’s proposed “cash balance” pension plan for state employees have made a number of inaccurate claims. The current retirement systems have amassed an astonishing $18.9 billion in unfunded liabilities, but reform opponents defend the status quo with scare tactics while relying on a flawed report from the Legislative Auditor.
LA House Civil Law & Procedure Committee to Consider the Measure Monday By Melissa Landry After more than 40 years of asbestos litigation, most of the companies responsible for asbestos exposure in the workplace have gone out of business. Many would say that’s a good thing. They might also argue that the massive trust system…