Paul Gessing, president of New Mexico’s Rio Grande Foundation, says its time for state pension reform.
Paul Gessing is president of New Mexico’s Rio Grande Foundation. He addressed the state pension issue in a recent column submission:
Staff and wire reports Some local teachers and administrators are disheartened by a new retirement proposal that may soon be forwarded to the Legislature by the state Educational Retirement Board. Pension plans for public employees are likely to see dramatic changes after the New Mexico Legislature’s upcoming session, say lawmakers working to keep the retirement [...]
Editorial When it comes to the mounting nationwide pension crisis, it’s best to follow the advice, “At first, do no harm.” Nationwide, unfunded public and private pension liabilities are at an unfathomable $800 billion. That’s the amount of benefits owed, beyond the funds available to pay them. USA Today reported last month that “taxpayers will [...]