Site menu:

 

January 2012 Policy Study, Number 12-1

   

Iowa's Privileged Class: Time for a Change!

    Endnotes
   

[1] Amy K. Frantz, “Iowa’s Privileged Class: State Government Employees,” Public Interest Institute, March 2011, p. 3-5, and 11.
[2] “Frequently Asked Questions – Collective Bargaining in Iowa,” Iowa Department of Administrative Services, February 2007, p. 1, <http://das.iowa.gov/images/pdf/faqs/collective_bargaining.pdf> accessed on November 18, 2011.
[3] Richard Frey, et. al, “The Rising Age Gap in Economic Well-Being,” The Pew Research Center, November 7, 2011, Chapter 2, <http://www.pewsocialtrends.org/2011/11/07/the-rising-age-gap-in-economic-well-being/3/#chapter-2-income-poverty-employment> accessed on December 6, 2011.
[4] Robert L. Clark and John Sabelhaur, “How will the stock market crash affect the choice of pension plans?” National Tax Journal, September 2009, <http://ntj.tax.org> accessed November 14, 2011.
[5] Clark.
[6] William J. Wiatrowski, “The Structure of State and Local Government Retirement Benefits, 2008,” U.S. Department of Labor, Bureau of Labor Statistics, February 25, 2009, <http://www.bls.gov/opub/cwc/cm20090218ar01p1.htm> accessed on November 17, 2011.
[7] Clark.
[8] Wiatrowski.
[9] Clark.
[10] “Union Members Summary – 2010,” Bureau of Labor Statistics, January 21, 2011, <http://www.bls.gov/news.release/union2.nr0.htm> accessed on December 8, 2011.
[11] “Union Members Summary.”
[12] “Table 5 Union affiliation of employed wage and salary workers by state,” Bureau of Labor Statistics, January 21, 2011, <http://www.bls.gov/news.release/union2.t05.htm> accessed on December 8, 2011.
[13] Clark.
[14] “The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs,” Pew Center on the States, p. 3.
[15] Adam Corey Ross, “Special Report: Best and Worst State Funded Pensions,” The Fiscal Times, March 24, 2011, <http://www.thefiscaltimes.com/Articles/2011/03/24/States-Short-Change-Pension-Funds.aspx#page1> accessed on December 1, 2011.
[16] “The Widening Gap,” p. 3.
[17] Ross.
[18] Ronald K. Snell, “Pensions and Retirement Plan Enactments in 2011 State Legislatures,” National Conference of State Legislatures, September 29, 2011, <http://www.ncsl.org/default.aspx?tabid=22763> accessed on December 6, 2011.
[19] Mark Olleman and Ilana Boivie, “Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers,” National Institute on Retirement Security, September 2011, <http://www.nirsonline.org/storage/nirs/documents/Decisions%20Decisions/final_decisions_decisions_report.pdf> accessed on November 15, 2011.
[20] Wiatrowski.
[21] Olleman.
[22] Alicia H. Munnel et. al., “Unions and Public Pension Benefits,” Center for Retirement Research at Boston College, Number 19, July 2011, p. 3, <http://crr.bc.edu/images/stories/Briefs/slp_19.pdf> accessed on December 9, 2011.
[23] “Fiscal Survey of the States, Fall 2011,” National Governors Association and the National Association of State Budget Officers, p. 11, <http://www.nga.org/files/live/sites/NGA/files/pdf/FSS1111.PDF> accessed on December 5, 2011.
[24] “Fiscal Survey,” p. 36.
[25] “The Widening Gap,” p. 4.
[26] “The Widening Gap,” p. 8.
[27] “The Widening Gap,” p. 8.
[28] “The Widening Gap,” p. 6.
[29] “The Widening Gap,” p. 6.
[30] John Stephenson, “Iowa’s departing governor approves a six percent wage increase for state workers,” State Budget Solutions, November 23, 2010, <http://www.statebudgetsolutions.org/blog/detail/iowas-departing-governor-approves-a-six-percent-wage-increase-for-state-workers> accessed on December 7, 2011.
[31] David P. Lind and Associates, LLC, “2010 Iowa Employer Benefits Study,” p. 19, <http://www.dplaconsulting.com/pdf/research/2010-Iowa-Employer-Benefits-Study.pdf>, accessed on December 9, 2011.
[32] Stephenson.
[33] “Fiscal Survey,” Table 17, p. 23.
[34] Stephenson.
[35] “Fiscal Survey,” Table 18, State Employee Compensation Changes FY 2011, p. 25.
[36] “Employment Cost Index, September 2011,” Bureau of Labor Statistics, October 28, 2011, <http://www.bls.gov/news.release/eci.nr0.htm> accessed on December 9, 2011.
[37] “Iowa Public Employees’ Retirement System,” Center for State and Local Government Excellence, November 21, 2011.
[38] “FY2010 Comprehensive Annual Report,” Iowa Public Employees’ Retirement System, December 15, 2010, p. ii.
[39] Lind, p. 5.
[40] “Section 5: IPERS Plan Contributions,” Employer Handbook, p. 46, <http://www.ipers.org/publications/employer/pdf/handbook/handbooksection5.phf> accessed on November 11, 2011.
[41] “Section 5,” p. 44.
[42] Wiatrowski.
[43] “Section 5,” p. 45.
[44] “Section 5,” p. 45.
[45] “Section 5,” p. 47.
[46] “Members – FAQs – Contributions,” Iowa Public Employee Retirement System, <http://www.ipers.org/members/faqs/faqs_contributions.html> accessed on November 21, 2011.
[47] “Members.”
[48] “Loan Basics,” Thrift Savings Plan, <https://www.tsp.gov/planparticipation/loans/loanBasics.shtml> accessed on November 21, 2011.
[49] “Treasurer,” Iowa Official Register, <http://publications.iowa.gov/135/1/executive/1-6.html> accessed on October 27, 2011.
[50] Snell, 2011.
[51] Ronald K. Snell, “Pensions and Retirement Plan Enactments in 2010 State Legislatures,” National Conference of State Legislatures, November 23, 2010, <http://www.ncsl.org/default.aspx?tabid=20836> accessed on December 6, 2011.
[52] “Comprehensive Exam of Plan Design,” Board of Trustees of the Peace Officers Retirement, Accident, and Disability System, October 15, 2011, p. 12, <http://www.legis.iowa.gov/DOCS/LSA/IntReport/2012/IPEGC002.PDF> accessed on December 9, 2011.
[53] “Comprehensive Exam of Plan Design,” p. 7 and 10.
[54] Snell, 2010.
[55] Snell, 2010.
[56] Snell, 2010.
[57] “Interim Report – State Employee Retirement Incentive Program (SERIP),” Iowa Department of Administrative Services, October 12, 2011, <http://www.legis.iowa.gov/DOCS/LSA/Docs_Filed/2012/DFJYD023.PDF> accessed December 11, 2011.
[58] Jason Clayworth, “Budget Concerns Highlighted,” The Des Moines Register, November 23, 2011, <http://www.desmoinesregister.com/article/20111124/NEWS10/311240051/-1/gallery_array/Budget-concerns-highlighted> accessed on December 10, 2011.
[59] “Actuarial Valuation Report as of June 30, 2011,” Iowa Public Employees’ Retirement System, Cavanaugh Macdonald Consulting, LLC, November 15, 2011, p. 10 <http://www.ipers.org/publications/misc/pdf/financial/valuation.pdf> accessed on December 7, 2011.
[60] “Public Plans Database,” Center for Retirement Research at Boston College, <http://crr.bc.edu/data_enclave/new_public_plans_database.html> accessed on December 7, 2011.
[61] “Actuarial Valuation Report as of June 30, 2011,” p. 2.
[62] “Actuarial Valuation,” p. 4
[63] “Actuarial Valuation,” p. 5.
[64] “Actuarial Valuation,” p. 3.
[65] “Actuarial Valuation,” p. 6-7.
[66] “FY2010 Monthly Benefit Payments Greater Than $2,000,” Iowa Public Employees’ Retirement System, December 2, 2011. Received from Judy Akre, Director of Communications, IPERS.
[67] “2010-2011 Certified Enrollment and Projections from 2011-12 to 2015-16,” Iowa Department of Education, <http://educateiowa.gov/index.php?option=com_content&view=article&id=2169> accessed on December 12, 2011.
[68] William Petroski, “IPERS faces $5.7 billion shortfall,” The Des Moines Register, December 1, 2011, <http://www.desmoinesregister.com/article/20111202/NEWS10/312020052/IPERS-faces-5-7-billion-shortfall> accessed on December 7, 2011.
[69] David Yepsen, “Belt Tightening,” Iowa Press, December 24, 2008, <http://www.iptv.org/iowapress/episode.cfm/3617> accessed on October 27, 2011.
[70] Snell, 2011.
[71] Munnell.

 

   

 

POLICY STUDIES are published as needed. They are longer, analytical articles on important public issues.

 

POLICY STUDIES are published by Public Interest Institute at Iowa Wesleyan College, a nonpartisan, nonprofit, research and educational institute whose activities are supported by contributions from private individuals, corporations, companies, and foundations. The Institute does not accept government grants.


Contributions are tax-deductible under sections 501(c)(3) and 170 of the Internal Revenue Code.


Permission to reprint or copy in whole or part is granted, provided a version of this credit line is used: “Reprinted by permission from POLICY STUDY, a publication of Public Interest Institute.”

 

The views expressed in this publication are those of the author and not necessarily those of Public Interest Institute.

 

If you have an article you believe is worth sharing, please send it to us. All or a portion of your article may be used. This publication is brought to you in the interest of a better-informed citizenry, because IDEAS DO MATTER.

 

Click here for pdf copy of this Policy Study

 

All of our publications are available for sponsorship.  Sponsoring a publication is an excellent way for you to show your support of our efforts to defend liberty and define the proper role of government.  For more information, please contact Public Interest Institute at 319-385-3462 or e-mail us at Public.Interest.Institute@LimitedGovernment.org