Over the course of several decades, more than one dozen local retirement systems have successfully petitioned the Legislature to establish some or all of their pension plans in state law. Commonly codified plan elements include: contribution rates, benefit levels, and board composition. By securing their provisions in state law, this select group of state-governed systems has erected a major obstacle to community-driven reform and effectively cemented a series of unsustainable practices.
(Not) Cheaper by the Dozen | Debunking 12 Common Myths About Higher Education
(Not) Cheaper by the Dozen | Debunking 12 Common Myths About Higher Education Myth 1: A’s and B’s Are Marks of Distinction in College, With C’s Signifying Average Performance. Reality: According to GradeInflation.com, as well as other later surveys, in the early 1960s, the percentage of A’s awarded in colleges nationwide was 15%. But today,...