By: Diana Johnsen firstname.lastname@example.org He's fallen, but not forgotten. Navy Seals dog handler, John Douangdara was killed two years ago in Afghanistan after the helicopter he was in, crashed. His dogMore>>
A bronze statue in memory of Navy Seals dog handler, John Douangdara of South Sioux City is completed and will be placed in the John Douangdara Memorial War Dog Park. More>>
By: Hollie Hojek email@example.com Sure there's plenty of guns at the gun show in Sioux City this year, but what about one of a high voltage stun gun, perfect for the woman in your life. "Damsels inMore>>
Damsels in Defense sells Speciality, Non-Lethal Weapons for Women.More>>
By: Hollie Hojek firstname.lastname@example.org The annual gun show is back at the Sioux City Convention Center, and it's the biggest year yet. Two-hundred and fifty tables were sold at this year's gun show. BuyersMore>>
Annual Gun Show at Sioux City Convention Center, Sellers Say There's Still an Ammunition Shortage.More>>
By: Claire DeRoin CDeRoin@kcautv.com A Moville man has been sentenced to five years in prison for kicking a child in the mouth. On Thursday, twenty-eight year old Benjamin Fuqua pled guilty to oneMore>>
A Moville man was sentenced for kicking a child in the mouth.More>>
By: Diana Johnsen email@example.com The Powerball Jackpot is sweeping across Siouxland. The jackpot is at least $600 million dollars. It's the largest Powerball jackpot in history and the second-largestMore>>
It's "Powerball Fever" as Siouxlanders buy up their tickets for the at least $600 million Powerball Jackpot. More>>
By: Diana Johnsen firstname.lastname@example.org The "Legend" roller coaster is debuting this summer with a new set of tracks. The ride in Arnolds Park amusement park is now a bit newer and smoother than whatMore>>
The "Legend" roller coaster at Arnolds Park is debuting this summer with a new set of tracks.More>>
By: Sam Doerr email@example.com Just over two weeks after her trial ended Ashley Cameron and her family found out her fate and for them it was well worth the wait. Ashley Cameron from Onawa, IowaMore>>
Just over two weeks after her trial ended Ashley Cameron and her family found out her fate and for them it was well worth the wait.More>>
By: Scott Larson firstname.lastname@example.org Of course a trip to the Tulip Festival isn't complete without a stroll down the Straatmarkt where you can pick up plenty of awesome food and gifts. Elephant ears,More>>
Straatmarket brings out the old favorites and some new treats for folks looking to indulge in some good eats and great giftsMore>>
By: Sam Doerr email@example.com On Friday, May 17 at 11:19 a.m., a resident of Hull, IA reported an incident of fraud to the Sioux County Sheriff's Office. Upon further investigation of this incidentMore>>
On Friday, May 17 at 11:19 a.m., a resident of Hull, IA reported an incident of fraud to the Sioux County Sheriff's Office.More>>
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Laura and John Arnold Foundation
Reforms would protect workers and taxpayers
HOUSTON, March 13, 2013 /PRNewswire-USNewswire/ -- The Laura and John Arnold Foundation (LJAF) today released, "The Transition Cost Mirage," a policy brief that debunks some of the most common arguments against pension reform and analyzes how to fix the broken system once and for all.
Josh McGee, LJAF vice president of public accountability and the brief's author, will discuss the report and answer questions about pension reform during a media conference call today at 12:30 p.m. (EDT).
Across the U.S., state and local governments are estimated to have more than $1 trillion in pension debt, which is a serious strain on municipal budgets and employee wages and benefits. "Faced with financial challenges, many state and local governments recognize the need to reform their retirement system," Dr. McGee explained. "Our goal is to help policymakers and the public understand that comprehensive reform will do more than just cut cost; it will protect workers and taxpayers."
The brief challenges several "transition cost" arguments including the claim that moving to a new pension system would starve the current system of needed contributions. The report explains that this assertion is false, and the move to new system would have little to no effect on the current system. Employers would still be required to make payments since pension debt is a bill that is owed to public workers for past service. The debt must be paid regardless of any change to the system.
A second common myth is that there are large costs associated with a transition. Many believe the Government Accounting Standards Board (GASB) requires states to accelerate payments when a plan is closed. The brief points out that GASB changed its standards and made it clear that states are freely able to amortize, or pay off, their pension debt as they see fit.
"Too often misguided claims of potential increased cost frustrate reform efforts that would otherwise place systems on a more sustainable path, protecting both workers and taxpayers," the report states. "Policymakers should move beyond these distracting and misleading claims and fix the broken system once and for all."
The policy brief is part of LJAF's broader public accountability efforts to promote transparency and improve the efficiency and efficacy of the public sector.
About the Laura and John Arnold Foundation
LJAF actively seeks opportunities to invest in thought leaders that have a sincere interest in implementing changes that comprehensively address current and future public accountability challenges. We seek fundamental changes that not only yield immediate gains, but also repair broken systems for future generations. LJAF welcomes the opportunity to be a resource to those that share these goals.
LJAF is a private foundation that currently focuses its strategic investments on education, criminal justice, research integrity, and public accountability. LJAF has offices in Houston and New York City. www.arnoldfoundation.org.