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Wednesday, August 25, 2010
Written by Jeremy Alford
If you’re paying into a state retirement system and reaching for that brass ring, it may take longer to grasp if a national policy trend continues creeping into Louisiana.
What were the nation’s lawmakers doing in terms of addressing retirement debt 10 years ago? Well, we know in 2000 that slightly more than half of all U.S. states had pension systems that were in the black, in government speak at least. It’s difficult to explain concisely what was going on in elected minds back then, but we know that by 2006 only a half dozen states had fully funded pension systems. Two years later, the only states that still had bragging rights were Florida, New York, Washington and Wisconsin.
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Gov. Bobby Jindal’s decision to turn down part of the stimulus package
is pitting Democratic lawmakers against business and industry.
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Gulf Coast activists press for billions in recovery funds. Is Washington listening?
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As Louisiana’s adult inmate population outstrips national trends and
conflicts continue in the youth prison system, the cost of
incarceration is poised to be the legislative sleeper issue of 2009.
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Louisiana continues to lose well-educated residents and gain illiterate
ones, but state officials are working to reverse the trend.
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