Public Pensions 2018-05-03T20:14:26+00:00

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

Jason Riley

On this special edition episode of Pundits on the Porch, Bob McClure interviews Jason Riley at before JMI's 2019 Annual Dinner where Jason was the keynote speaker on April 3, 2019. Jason Riley is a senior fellow at the Manhattan Institute and a columnist for the Wall Street Journal, where [...]

JMI Releases New Report Examining Occupational Licensing and Recidivism

FOR IMMEDIATE RELEASE April 8, 2019 CONTACT: Logan Elizabeth Padgett 850-386-3131 JMI Releases New Report Examining Occupational Licensing and Recidivism About 86 percent of individuals released from prison are likely to re-offend within nine years of their release, with the majority re-offending within the first two years. With more [...]

Bridging the Divide: Licensing and Recidivism

Occupational Licensing and Recidivism in the United States Vittorio Nastasi and Samuel R. Staley DeVoe L. Moore Center, Florida State University Executive Summary This policy study examines the effects of occupational licensing reform on reducing recidivism—the likelihood former prisoners will re-offend and return to prison. Eighty-six percent of released prisoners [...]