RI Center for Freedom & Prosperity

December 21, 2012

RI Only State Losing Population Two Years in a Row

Two years in a row, Rhode Island has been one of two states losing population; worse it's the only state that made the list both times.

Posted by Justin Katz at 2:25 PM

February 13, 2012

Cranston Pensions: Rhode Island… with Emphasis

The RI Center for Freedom & Prosperity had published data covering all of Cranston's public-sector retirees, and I've posted a general comparison of the numbers with those for the state system overall.

Posted by Justin Katz at 3:35 PM

December 20, 2011

Government Edges into Preschool... Expensively

Some basic math illustrates the high cost of letting government edge its way into the preschool business.

Posted by Justin Katz at 6:43 AM

November 28, 2011

How Easily the Hybrid Pension Reform Can Be Undone

A 0.75% or so increase in pay every year above what otherwise would have been given will completely undo any savings in lifetime pay and pension that the people of Rhode Island gained by implementing a hybrid pension system.

Posted by Justin Katz at 7:01 AM

November 21, 2011

Pension Reform Bait-and-Switch to Block Broader Reform

The last-minute 5.5% privatization tax slipped into the pension reform bill may prove more insidious than it at first appears.

Posted by Justin Katz at 6:42 AM

November 15, 2011

Small Pensions & Double (and Triple) Dipping

Today, on the Rhode Island Center for Freedom & Prosperity blog, I've reviewed pensioners with very low pensions as well as those who receive more than one pension from plans administered by the state.

Posted by Justin Katz at 6:55 AM

November 14, 2011

Retirees, the Young and the Wealthy

I've taken a look at the public entities with the youngest retirees, as well as the wealthiest.

Posted by Justin Katz at 6:28 AM

November 10, 2011

Pensioners Above Pay

I've added some different cuts of the data concerning RI public-sector pensioners who make more in pension than they did in pay. The most significant takeaway is that COLAs alone don't account for the phenomenon; the top 50 pensioners making more than their salaries have base pensions (not counting COLAs) that are 95% of their salaries.

Posted by Justin Katz at 12:50 PM

November 7, 2011

Pensions Beyond Pay

I've taken a closer look at the phenomenon of retirees with pensions larger than their former paychecks, and the reasonable scenario of gradual increases doesn't appear to apply. For one thing, older retirees appear much less likely to have pensions that exceed their final salaries than retirees who've been off the job for just a few years. For another, the entity for which the retiree worked appears to make a significant difference.

Posted by Justin Katz at 6:21 AM

October 31, 2011

Removing Pension Dollars from the RI Economy

I've looked at some numbers related to pensions and the local economy, including the fact that the state sends $142 million in public pension payouts out of state.

Posted by Justin Katz at 8:10 AM

October 27, 2011

Later Retirement Doesn't Harm School Districts' Payroll Costs

It turns out that requiring teachers to work another five years actually saves in salary costs, over the long run.

Posted by Justin Katz at 7:15 AM

October 25, 2011

Hybrid Savings Mean System Failure

As an example, I've estimated the effects of an underperforming market on the current and proposed public pension systems.

Posted by Justin Katz at 6:16 AM

October 19, 2011

Hybrid Pies

To illustrate my point about Treasurer Raimondo's hybrid pension plan, I've posted some pie charts.

Posted by Justin Katz at 9:16 PM

As with Cars, a Hybrid Pension Will Cost More

My second pension post on the RI Center for Freedom & Prosperity site points out that the anticipated per-employee cost of the hybrid system will actually be higher than the price that taxpayers are currently being given for pensions.

Posted by Justin Katz at 6:28 PM

Negotiating Points in the Pension Proposal

Several of the hot-button proposals in Treasurer Raimondo's pension reform are a negotiating numbers game.

Posted by Justin Katz at 12:19 PM