pension

Budget Outline 2013-15

In 2013 the Legislature has three big budget problems to address. It may be that there are other issues for the Legislature (gun safety, mental health, transportation…) but as the budget chair I have an odd focus on what I’m responsible for. Balance the 2013-15 budget, plus make sure that…


Long-term pension costs in Washington

The New York Times had an article this week about pension costs faced by states and large cities across America. Their argument is that the rate of return assumed by the plans is too high because returns for most funds over the last decade have been lower than the estimate….



Retire-Rehire Program Abuse

The Seattle Times has a great story on the use of the “retire-rehire” provision in state law that allows someone to retire, and then be hired back by the state or another governmnet but still collect his or her retirement. When I searched on the issue on the internet I…