Louisiana Pensions Among Most Underfunded
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
Taxpayers Cover 56 Percent of State Police Pension
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.
Research: Looming Pension Crisis Ignored
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.