every Missourian should be able to retire with dignity. 

We believe every Missourian should be able to retire in dignity. We also know that no one more interested in strengthening the public pensions system than the public employees who are counting on pensions to retire.
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We believe every Missourian should be able to retire in dignity. We also know that no one more interested in strengthening the public pensions system than the public employees who are counting on pensions to retire.

The recent strain on financial markets has resulted in greater scrutiny over public funds and has sparked new discussions over how we evaluate the health of large retirement systems. However, public pensions in the Show-Me State are among the nation’s most fiscally sound.

A series of new documents exposed by the Guardian this fall reveal how Wall Street extremists are coordinating efforts to decimate the middle class, including a large-scale effort to gut public pensions across the country. 

In the News

PLANSPONSOR

Public Pension Plan CSI

In case you have not noticed, there appears to be a full court press underway to kill public sector defined benefit retirement plans... If the “reforms” being called for become a reality, I fear that we should be prepared for one of two predictable outcomes. One would be a welfare society of epic proportions imposing the highest possible cost on workers to support the elderly. The other would be what could be called senilicide where we simply stop caring for the elderly and resort to the ice flow solution.

House Bill 1682: An Experimental Investment Strategy that Weakens Worker Retirement

New legislation would move new state employees and highway workers into a hybrid pension plan. These hybrid plans cost more to fund and produce less investment income than traditional defined benefit (DB) plans. This specific plan seeks to cut guaranteed pensions by 41%.

The Guardian

State conservative groups plan US-wide assault...

Conservative groups across the US are planning a co-ordinated assault against public sector rights and services in the key areas of education, healthcare, income tax, workers' compensation and the environment,documents obtained by the Guardian reveal. The strategy for the state-level organisations, which describe themselves as "free-market thinktanks", includes proposals from six different states for cuts in public sector pensions...

Rolling Stone

Looting the Pension Funds

"..[S]tates all over the country are claiming they not only need to abrogate legally binding contracts with state workers but also should seize retirement money from widows to finance years of illegal loans, giant fees to billionaires like Dan Loeb and billions in tax breaks to the Curt Schillings of the world. It ain't right. If someone has to tighten a belt or two, let's start there. If we've still got a problem after squaring those... away, that's something that can be discussed. But asking cops, firefighters and teachers to take the first hit for a crisis caused by reckless pols and thieves on Wall Street is low, even by American standards."

Huffington Post

Promise Breakers: How Pew Trusts Is Helping to Gut Public Employee Pensions

"Pew may be mostly known for its financial support of PBS programs, which has given the foundation the kind of publicity that reflects the self-described 'non-partisan and non-ideological' nature of Pew’s work. Yet Pew has become a key player in one of America’s most partisan issues as cities and states tackle the complex problems involving public worker pensions..."

Salon

Exposed: Enron billionaire’s diabolical plot to loot worker pensions

"Should an Enron Executive Be Dictating Public Pension Policy? In the lead-up to his anti-pension partnership with Pew, Arnold’s most relevant connection to pensions and retirement security came from working at Enron – a company whose collapse destroyed its own workers’ pensions and helped to damage the financial stability of public pension funds across America..."

News-Leader

Document shows Sinquefield-backed think tank asked for money for pension report

"A Missouri think tank wants $25,000 for research, but has already determined the conclusions it plans to reach. The conservative Show-Me Institute, closely associated with mega-donor Rex Sinquefield, wants the money to publish a paper promoting free market reforms to public pension plans."