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October 2013 Policy Study, Number 13-6

   

Iowa Legislature and Governor Need to Focus on Pension Reform

   

Endnotes

   

 

[1] Deborah D. Thornton, “Iowa’s Privileged Class: Time for a Change,” Public Interest Institute, January 2012, <http://www.limitedgovernment.org/ps-12-1.html>.
[2] Brian Keegan, “Why Pew Works With States on Pension Reform,” Pew Trusts, State and Consumer Initiatives, September 27, 2013, <http://www.pewstates.org/research/analysis/why-pew-works-with-states-on-pension-reform-85899507798> accessed on October 2, 2013.
[3] “The State of State Pension Plans 2013: A Deep Dive into Shortfalls and Surpluses,” Morningstar, September 16, 2013, p. 2, <http://corporate.morningstar.com/US/documents/Retirement/StateofPensions2013.pdf> accessed on October 3, 2013.
[4] Andrew G. Biggs and Jason Richwine, “Overpaid Public Workers: The Evidence Mounts,” The Wall Street Journal, April 11, 2012, p. A13.
[5] “The State of State Pension Plans 2013: A Deep Dive into Shortfalls and Surpluses,” p. 15.
[6] Ibid., p. 2.
[7] Ibid., p. 15.
[8] Ibid., p. 4.
[9] “Moody’s: Pensions Present Ongoing Credit Risk Among Sub-sovereigns in Multiple Countries,” Moody’s Investors Service, September 19, 2013, < https://www.moodys.com/research/Moodys-Pensions-present-ongoing-credit-risk-among-sub-sovereigns-in--PR_282683> accessed on October 2, 2013.
[10] “Moody’s: New state adjusted pension liabilities show wide range of obligations; effect of new discount rates highlighted,” Moody’s Investors Service, June 27, 2013, <https://www.moodys.com/research/Moodys-New-state-adjusted-pension-liabilities-show-wide-range-of--PR_276663> accessed on October 2, 2013.
[11] Brian Keegan, “Illinois Pension Challenges,” Issue Brief, Pew Trusts, Public Sector Retirement Systems, July 11, 2013, <http://www.pewstates.org/research/analysis/illinois-pension-challenges-85899489844> accessed on October 3, 2013.
[12] “Moody’s: New state adjusted pension liabilities show wide range of obligations; effect of new discount rates highlighted.”
[13] Andrew Barry, “State of the States,” The Wall Street Journal, August 27, 2013, <http://online.wsj.com/news/articles/SB50001424053111904881404577603301566976464> accessed on October 16, 2013.
[14] David J. Kramer, “Nebraska’s Public Pension System,” The Platte Institute for Economic Research, June 2013, p. 5.
[15] Elise Young and Terrence Dopp, “N.J. Unfunded Pension Liabilities Widen to $47.2 Billion,” Bloomberg, March 4, 2013, <http://www.bloomberg.com/news/2013-03-04/n-j-unfunded-pension-deficit-rises-to-47-2-billion.html> accessed on October 10, 2013.
[16] “Moody’s: New state adjusted pension liabilities show wide range of obligations; effect of new discount rates highlighted.”
[17] Jennifer DePaul, “Unfunded Pension Liabilities Grow Under Moody’s Methodology,” Mandate Pipeline, The Bond Buyer, June 27, 2013, <http://www.mandatepipeline.com/news/unfunded-pension-liabilities-grow-under-moodys-methodology-241777-1.html> accessed on October 3, 2013.
[18] Steven Greenhut, “Tackling the Pension Problem,” City Journal, July 17, 2013, <http://www.city-journal.org/printable.php?id=9413> accessed on August 28, 2013.
[19] Leonard Gilroy, “Closing the Gap: Designing and Implementing Pension Reform in Utah,” Reason.org, September 17, 2013, <http://reason.org/news/show/utah-pension-reform> accessed on October 10, 2013.
[20] Steven Greenhut.
[21] Leonard Gilroy.
[22] “Iowa Public Employees’ Retirement System,” Center for State and Local Government Excellence, November 21, 2011.
[23] “FY 2010 Comprehensive Annual Financial Report,” Iowa Public Employees’ Retirement System, December 15, 2010, p. ii.
[24] “FY 2012 Comprehensive Annual Financial Report,” Iowa Public Employees’ Retirement System, December 14, 2012, p. ii, <http://www.ipers.org/publications/misc/pdf/financial/cafr/cafr.pdf> accessed on August 16, 2013.
[25] Ibid., p. x.
[26] “Section 5: IPERS Plan Contributions,” Employer Handbook, p. 44-46, <http://www.ipers.org/publications/employer/pdf/handbook/handbooksection5.pdf> accessed on October 4, 2013.
[27] Ibid., p. 46.
[28] Ibid., p. 48.
[29] Ibid., p. 46.
[30] “The State of State Pension Plans 2013: A Deep Dive into Shortfalls and Surpluses,” p. 25.
[31] “FY 2012 Comprehensive Annual Financial Report,” p. ii.
[32] “IPERS’ Investment Performance Yields 10.12 Percent for FY 2013,” Media Release, Iowa Public Employees’ Retirement System, October 1, 2013, <http://www.ipers.org/newsroom/releases/2013_oct01.html> accessed on October 4, 2013.
[33] “FY 2012 Comprehensive Annual Financial Report,” p. 85 and 87.
[34] Ibid., p. 87.
[35] IPERS Investments, 2010, <http://www.ipers.org/publications/misc/pdf/financial/cafr/cafrinvestments.pdf> accessed on December 15, 2011.
[36] “The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs,” Pew Center on the States, April 2011, p. 8, <http://www.pewstates.org/uploadedFiles/PCS_Assets/2011/Pew_pensions_retiree_benefits.pdf> accessed on October 4, 2013.
[37] “FY 2012 Comprehensive Annual Financial Report,” p. 105.

 

   

 

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