MBTAAnalysis: A look inside the MBTA
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The MBTA shuttles over a million passengers a day around Greater…
The MBTA’s $23 Million 11th-hour Sweetheart Deal with Gillette Stadium
$23 million 11th-hour sweetheart deal by the MBTA will stick…
Study: “Fair Market Valuation” of Pension Liabilities Neither “Fair” Nor “Market”
Study Shows “Fair Market Valuation” of Pension Liabilities…
Jeb Bush’s Rhetoric and Reality on Common Core
Pioneer Institute respects Governor Jeb Bush’s education reform…
In Massachusetts, Asking Agencies to Do Their Jobs Can Be Expensive
Despite its name, the Freedom of Information Act can set you…
Research Fellow in U.S. History
Pioneer Institute is seeking a Research Fellow in U.S. History
Duration:…
Study: Vocational-Technical Schools & Businesses Strengthening Mass.’s Economy
Vocational-Technical Schools and Businesses Strengthening the…
Study: Public Pension Liabilities Are Undervalued by Tens of Billions of Dollars
Historical Market Performance of Asset Classes Held by Retirement…
The Logic of Pension Valuation II: A Response to Andrew Biggs
For quite a few years now, public pension liabilities have been a growing concern for policymakers and public finance professionals. The methods used to value the liabilities are fundamentally important both for designing plan policies and for plan administration. They are an essential tool for budgeting because they help account for the costs of public services and create appropriate funding schedules for plan contributions to ensure the fiscal soundness of both the plan and its provider.
Worcester Telegram & Gazette: Ed reform truly is matter of civil rights
By Sephira Shuttlesworth (This op-ed originally appeared in the…
Boston Herald: To-do List for New Governor to Fix Health Site
By Josh Archambault and Eric Dahlberg. This op-ed originally…
Boston Herald: Let’s put more light in sunshine law
By J. Patrick Brown and Mary Connaughton. This op-ed originally…
When it comes to Public Records, What’s a Fantasy in Massachusetts is a Reality in Florida
Those who dabble in public records know there's no such thing…
How Colleges Are Dumbing Our Kids Down, Too, and What We Can Do About It
It’s not just Common Core’s standards and the curriculum…
Market Rates of Return for Effective Financial Management
The discount rates used by defined-benefit pension systems to value their liabilities and to determine annual contributions have long been a point of concern and contention. Until 2014, governmental accounting standards required that pension funds use the assumed rate of return (ARR) on their portfolio as the discount rate for both management and reporting purposes. With the implementation of Statement 68 of the Governmental Accounting Standards Board (GASB), the ARR will be applied as a discount rate only on the portion of liabilities covered by existing assets, but it will remain a critical metric for many institutional investors.
Filling the Skills Gap: Massachusetts Vocational-Technical Schools and Business Partnerships
Society is recognizing that in today’s economy, many graduates of four-year liberal arts colleges are looking for work, while students from career vocational technical schools are finding high-skill, high wage jobs. Why? Because they have marketable, industry-sanctioned competencies and employability skills.