Civitas Review

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    NC's Unfunded Pension Liabilities Increase Worst in Nation

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged , ,

    From 2009 to 2012, North Carolina's unfunded state pension liabilities skyrocketed by nearly 700%. That's the findings of new data released by the Institute for Truth in Accounting's State Data Lab project. During the economic recovery that began in 2009, states had the opportunity to improve the condition of their pension funds by¬†contributing¬†money needed to […]

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    Time to Move on State Pension Reform

    Posted in Budget & Taxes By Brian Balfour | Tagged , , ,

    The N&O offers up this editorial highlighting the findings of their recent series examining some eye-popping compensation packages of state government workers. Among the issues examined in the series was the practice of "spiking" – employees gaming their compensation packages to maximize their pension payouts in retirement. Last week The News & Observer revealed this […]

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    Perdue's Pension Could Total $60k Per Year

    Posted in Budget & Taxes By Brian Balfour | Tagged , ,

    According to analysis from the Raleigh News & Observer, Gov. Perdue's pension could reach $60,000 per year when she retires after this year. But, the calculation is a bit tricky. As a state employee, Perdue's pension is derived from the average of her four highest-paid consecutive years. So her $130,629 salary as governor. Factor her […]

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