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Entries in Public Pensions (16)


CEI Today: Fannie Motors, Moody's public pensions report, Obamacare ruling, and more 

Thursday, Oct. 2, 2014
In the News Today



Moody’s $2 Trillion Public Pension Shortfall Estimate Highlights Need for Better Pension Accounting Practices


In a new report, Moody’s estimates the nation’s largest pension funds face a $2 trillion taken together. That’s a lot of money. But as significant as the size of the deficit is Moody’s criticism of how many pension funds have been managed, and pension fund’s reporting of their own liabilities. > Read more

> Interview Ivan Osorio



Washington Free Beacon: Subprime Loans Are Back Thanks to GM


The banks may enjoy short-sighted profits as more cars leave the lots, but the system could come crashing down if borrowers begin to default. The trend of risky lending practices began with bailed-out GM.

The increase in securitization has coincided with GM’s acquisition of AmeriCredit, one of the nation’s largest subprime auto lenders, which it renamed GM Financial (GMF).

“It’s becoming Fannie Motors,” said Competitive Enterprise Institute finance scholar John Berlau. “They’re still using our tax dollars to break into exotic and money-losing propositions from Chevy Volts to subprime loans, both of which could literally and figuratively blow up in their faces.” > Read more

> Interview John Berlau




A federal court in Oklahoma ruled on Tuesday that IRS subsidies under Obamacare are illegal in states that didn't set up exchanges. CEI general counsel Sam Kazman commented on the ruling:

"Today's ruling by the federal district court in the Oklahoma Obamacare case is extremely encouraging. We are also pleased the court cited the Jonathan Gruber video, which CEI played a large role in publicizing, featuring Gruber's admission that, under the Affordable Care Act as written, states opting out of coverage would not receive federal subsidies." 

> Interview Sam Kazman

More in the news...


Can Europe Move Past Its Economic Malaise?

Are Consumers Smart Enough to Understand Airline Ancillary Fees?


New Mexico Workers and Industry Would Benefit from Right to Work - See more at:

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Journalist Carrie Sheffield Selected as CEI’s Warren T. Brookes Journalism Fellow

 Read more





NH Senate Protects Taxpayers & Public Pension Reform Efforts

Concord, NH – The State Senate today defeated a union-backed proposal that would have rolled back recent retirement reform efforts and left local taxpayers on the hook for more than $80 million in new public-sector retirement benefits  over the next four years alone.  The bill was defeated on a party-line vote, 12-11.

“This legislation would have shifted significant new costs on to our communities and taxpayers at a time they can least afford it,” said Sen. John Reagan, R-Deerfield, a member of the Senate Executive Departments and Administration Committee.  “We value the hard work and dedication of our state’s public employees, and believe it is important to maintain a viable pension program to support them in retirement.  This bill would have severely undermined those efforts by putting further strain on our already underfunded retirement system at a tremendous cost to taxpayers.”

As introduced, Senate Bill 364 would have reversed necessary reforms made in 2011 designed to address the New Hampshire Retirement System’s (NHRS) $5.3 billion unfunded liability.  The legislation sought to reduce the retirement age for some employees and establish a new cash benefit for others on top of existing retirement benefits.  Both benefit increases would have been funded solely by taxpayers.

“It was less than three years ago that Senate Republicans won the hard-fought reforms needed to protect taxpayers and the solvency of the NHRS,” said Senate Majority Leader Jeb Bradley, R-Wolfeboro.  “Those reforms put us on a path to a financially sound pension program, and they are working.  Proposing tens of millions of dollars of new benefits at a time when the state and municipal governments are coming out of a recession is imprudent and ill-advised, and I applaud my Senate colleagues for voting down this piece of legislation today.


ALG - Detroit bankruptcy wakeup call for all Americans

July 22, 2013, Fairfax, VA—Americans for Limited Government President Nathan Mehrens today issued the following statement responding to the bankruptcy of Detroit, Mich.:

"Detroit's bankruptcy should serve as a wakeup call for all Americans.  The motor city's failure is conclusive evidence that our nation cannot continue to take for granted that we will remain the wealthiest nation in the world.  The Obama Administration plus many state and local governments continue to assume that they can engage in a full-fledged assault on our nation's job and real energy producers using both the tax code and environmental regulations, meanwhile creating an almost $3 trillion unfunded pension liability. It is nothing more than a pathway to disaster.

"Hopefully, Detroit's example will cause Americans to reject the pervasive attitude in the Obama Administration and at the state and local level that the free enterprise goose that has laid the American golden egg cannot be killed no matter how many lead weights are put around its neck."

To view online:


Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at



Josiah Bartlett Center - Charter Schools, Pensions and Golf Courses

Weekly Update from the
Josiah Bartlett Center

Keeping you up to date on our latest research
on the issues impacting New Hampshire

Two weeks ago, the state board of education denied every charter school application before them citing a financial problem that didn’t exist. Further their action circumvented legislation and calls into question whether they should be permitted to continue in their role as the state authorizingagency for charter schools. Their bad actions can be fixed and they should do so immediately as a gesture of good faith to both the legislature itself and the charter school community in New Hampshire... Click here to keep reading


Pease Golf Course turns Profit by Avoiding Debt

State Golf Course Actually Run Like a Business

While municipally-owned golf courses in Concord and Manchester are leaning on taxpayers to cover for losses, the publicly-owned Pease Golf Course continues to turn a profit. Click here to keep reading

Debates and Charter Schools

Grant Bosse and Paul Westcott break down the latest debate between Ovide Lamontagne and Maggie Hassan, covering Medicare, Medicaid, and charter schools, in this NH Watchdog on WGIR Podcast. Click here to listen.

Final Analysis: Pension Fund sees 0.9% Return

Revised upward from preliminary 0.7% Return

The New Hampshire Retirement System announced Friday that the pension fund posted a 0.9% gain for Fiscal Year 2012. Preliminary estimates had projected a 0.7% gain, but upon the final calculation for the fund’s real estate and alternative assets, the rate of return was revised upward. Click here to keep reading.


CEI Today: State pension woes, a union jobs program, and state gift clauses 

GOV'T PENSIONS - IVAN OSORIO State Pension Bailout Threat

The state pension underfunding crisis has grown so severe that it has prompted most U.S. states to cut benefits, according to calculations by The Wall Street Journal and Boston College’s Center for Retirement Research. However, cuts to date have only put a $100 billion dent in a nationwide funding gap of $900 billion. Clearly, states need to do more to lower their pension liabilities.

Government employee unions are bound to oppose further proposals to curb benefits or increase employee contributions toward their pensions. For lawmakers in some states, this will make reform a harder sell.

 > Read the full commentary on

> Interview Ivan Osorio


The Washington Times: Unions stack the deck against job creation


If you build it, jobs will come. That’s what Marylanders are being promised in the push to build a new casino, the state’s sixth, in Prince George’s County. County Executive Rushern L. Baker III, for example, claims that “the expansion of gaming into Prince George’s County is about the thousands of new jobs, millions of dollars in revenue to the state and county, and growing the travel and tourism industry in Prince George’s County.” The proposed casino really is a jobs program for unions.  > Read the full commentary on

> Interview the authors


Daily Caller: Field of cash: If you offer, they will take

It has become a familiar ritual. Wealthy professional sports team owners ask state and local governments to subsidize their venues, threatening to skip town if taxpayers don’t pony up. As Bloomberg News reports, 64 professional sports arenas around the nation currently receive either public financing or tax breaks. Despite national, state, and local fiscal woes, elected officials continue to spend or forgo billions of tax dollars on professional sports stadiums owned by millionaires and billionaires. Thankfully, taxpayers in 47 states have a weapon at their disposal: state constitutional provisions that restrict government aid to business. It’s time they used them.  > Read the full commentary at

> Interview Trey Kovacs


Cocktail Party for Authors Yaron Brook & Don Watkins

Thursday, September 27, 2012
6:00 pm
CEI HQ: 1899 L Street, NW, 12th Fl, Washington, DC

You are cordially invited to join
Yaron Brook and Don Watkins
at the Competitive Enterprise Institute for a cocktail party celebrating the publication of FREE MARKET REVOLUTION: HOW AYN RAND'S IDEAS CAN END BIG GOVERNMENT


Animal Biotechnology: From Frankenfish to Enviro-pig

Thursday, September 27, 2012
12:00 pm – 1:30 pm
Room 1300, Longworth House Office Building


Despite their potential environmental and consumer benefits, products that can be demonized as FrankenFish or EnviroPig are being delayed by regulatory intransigence, public confusion, and political indecision. With no clear path forward, many products are now being sent overseas to countries with more responsive regulatory climates.




Author: Journalists 'Cover Energy And Environment Subjects As Liberal Activists,' E-Mails Show

Liberals claim to support transparency in government - until conservatives start finding shady things through Freedom of Information Act (FOIA) requests.

New York Times bestselling author, litigator, and Competitive Enterprise Institute senior fellow Chris Horner has been filing such FOIAs for years and has turned up Obama's "true plan" for cap-and-trade, a close relationship between an energy official and a Solyndra director - and more. Horner's quest for public information, labeled as "criminal" by one Obama agency head, will be detailed in his upcoming book, "The Liberal War on Transparency." > Read the article by Julia Seymore


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