Public Pensions2018-05-03T20:14:26-04:00

Public Pensions

The challenges facing public pension programs are nationwide – states, counties, and municipal governments from almost every state are beginning to reckon with the promises made to employees over the course of generations, and the fiscal realities of both meeting those obligations while at the same time realizing that promises made for prior generations are not fiscally sustainable for future ones.

Floridians look at places like Detroit, California, Chicago, and others and rightly worry that we could find ourselves in the same position. While Florida’s statewide retirement system, which covers state government, the State University System, and county/school district employees is considered relatively sound financially, it maintains this position as a direct result of hundreds of millions of dollars from state appropriations every year. At the municipal level, the problem is much more dire – pension funds from large and small cities around the state present as a ticking time bomb, where retiring workers’ benefits will vastly outnumber the resources available to meet them.

JMI will continue to work to advance the concepts of defined contribution programs for new public sector employees, along with market-based reforms that better illustrate the financial situations of public pension programs.

Recent News

Statement Release: JMI Applauds the Introduction of New School Choice Initiative

FOR IMMEDIATE RELEASE January 22, 2021 CONTACT: Emerson W. George 850-320-3803 emerson@jamesmadison.org   THE JAMES MADISON INSTITUTE APPLAUDS THE INTRODUCTION OF NEW SCHOOL CHOICE INITIATIVE TALLAHASSEE – The James Madison Institute (JMI) released a statement regarding the introduction of SB 48, which would improve Florida’s school choice scholarship programs and simplify [...]

STATEMENT RELEASE: James Madison Institute Releases New Report With National Taxpayers Union Foundation On Remote Sales Tax Collection Policy

FOR IMMEDIATE RELEASE January 12, 2021 CONTACT: Logan Elizabeth Padgett 850-386-3131 JAMES MADISON INSTITUTE RELEASES NEW REPORT WITH NATIONAL TAXPAYERS UNION FOUNDATION ON REMOTE SALES TAX COLLECTION POLICY TALLAHASSEE – A new report by The James Madison Institute in partnership with the National Taxpayers Union Foundation entitled “On Wayfair, Tread [...]

On Wayfair, Tread Lightly

Florida Should Not Repeat the Other States' Mistakes on Remote Sales Tax Legislation By: Andrew Moylan Executive Vice President, National Taxpayers Union Foundation; Adjunct Scholar, The James Madison Institute Andrew Wilford Policy Analyst, National Taxpayers Union Foundation; Adjunct Scholar, The James Madison Institute Click here to read the full PDF [...]

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