Statement: Mike Riley (Board member) re. Pension Portfolio Controversy

Posted by:

FOR IMMEDIATE RELEASE  October 21, 2013 

Mike Riley and RI Center for Freedom & Prosperity Concerned That Politics May Trump Good Policy

Statement from Mike Riley, board member for the Rhode Island Center for Freedom and Prosperity:

“While questions about corruption and mismanagement of state public employee pension fund portfolios continue to swirl, our Center is concerned about the larger public policy implications.

First, whether or not hedge fund and other alternative investments are a legitimate allocation tool to protect taxpayers and ...

Continue Reading...
0

Second-Year Report Card: Lack of Bold Action = Lack of Improvement

Posted by:

Second-Year Report Card: Lack of Bold Action = Lack of Improvement

Related Links: 2012 Report Card

It isn’t surprising that a year of no bold legislative or executive action to free the Rhode Island economy or education system from its shackles, or to lighten the heavy hand of government, was a year of no significant improvement in the RI Center for Freedom & Prosperity’s annual Report Card on RI Competitiveness.

Continue Reading...
0

Press Release: Public vs. Private Sector Compensation in RI

Posted by:

Press Release
Public vs Private Sector Compensation in RI

High-Pay Government Workers Supported by Low-Pay Private Workers

FOR IMMEDIATE RELEASE

November 28, 2012

Government workers in the Ocean State collect significantly higher compensation than their private sector counterparts – across the board – according to data recently compiled as part of national study for the RI Center for Freedom & Prosperity, a non-partisan local think tank.
Among the findings in the report published today by the Center, Ocean State public sector employees enjoy compensation ...

Continue Reading...
0

RI Public and Private Sector Compensation Comparison

Posted by:

RI Public and Private Sector Compensation Comparison

Related Media: Report Finds RI Government Workers Out-Earn Private Sector (GoLocalProv), RI public-sector pay outpaces private (Providence Journal), Guest opinion: Public employees would benefit from pro-growth policies (The Herald News), Tie the Public to the Private  (GoLocalProv), Mike Stenhouse on the Helen Glover ...

Continue Reading...
2

Member of Center’s Task Force to be Panelist at Brown Univ “Pensions in Peril” Forum

Posted by:

Providence — A member of the RI Center for Freedom & Prosperity’s special pension task force will serve as a panelist at the “Pensions in Peril” forum today, October 25 (Thursday afternoon), sponsored by the Taubman Center for Public Policy at Brown University. The forum will feature national and local experts about how municipalities are dealing with the fiscal time bomb of unfunded pension liabilities.

Eileen Norcross, a senior research fellow with the Mercatus Center at George Mason University and lead ...

Continue Reading...
0

Policy Reform: Enact Collective Bargaining Reforms

Posted by:

Up to $250 million per year can be saved in RI

 

 

Collective Bargaining Costs

All workers deserve  fair compensation. However, it is not fair that taxpayers, struggling in a poor state economy, must also be forced to pay for excessively high compensation packages for unionized government workers. With reforms to collective bargaining, undue union influence and election cronyism can be reduced.

The ever-increasing total cost of employment ...

Continue Reading...
0

Policy Reform: Require Accuracy In Pension Accounting

Posted by:

 

Municipalities are understating the true cost of unfunded pension liabilities

Government employees need to properly plan for their retirements. Municipal officials need to have predictable budgets from which to provide quality education and city services. Taxpayers need to know that budget shortfalls will not raise their property taxes. Before local pension funding formulas can be effectively developed, it is essential that Accuracy in Pension Accounting be required ...
Continue Reading...
0

County Out-Migration Should Be Alarm to Municipalities

Posted by:

County Out-Migration Should Be Alarm to Municipalities

Quick links: to download this study as a PDF, click here; view the full InfoGraphic here

Related Stories: Update: RI only state to lose population 2 yrs in a row GoLocalProv article (good debate here); Ernst & Young Report about high taxes killing the economy; GoLocalProv op-ed by Justin Katz

Why Taxpayer Migration Matters

Rhode Islanders clearly are leaving the state. From time to time, ...

Continue Reading...
2

Task Force Stirs Controversy in Warwick

Posted by:

Task Force Stirs Controversy in Warwick

Are local governments unknowingly or purposely hiding the truth from their residents?

How do you solve a problem if some don’t think there is a problem?

An debate is underway, and the sides are taking shape. On one side are the City of Warwick, its local newspaper, and state officials. On the other side are current and former Warwick city council members, a scholar from a nationally recognized think tank, National Review, and our own Center for Freedom & Prosperity.

A locally published interview ...

Continue Reading...
0

NY Times Echos Pension Task Force Warnings

Posted by:

The article below reinforces the concept that our Center’s pension task force has been saying for many months … that state and municipal entities are dramatically understating the true scope of their unfunded pension liabilities.

FROM THE NEW YORK TIMES, May 27, 2012

Public Pensions Faulted for Bets on Rosy Returns

By MARY WILLIAMS WALSH and DANNY HAKIM

Few investors are more bullish these days than public pension funds.

While Americans are typically earning less than 1 percent interest on their savings accounts and watching ...

Continue Reading...
0
Page 1 of 4 1234