Texas should adopt the defined contribution reform plan that offers state and local government workers the choice of a defined contribution retirement plan in place of their current defined benefit plans. Such a plan offers great advantages for both workers and taxpayers. Over the past 20 years, private sector employers have shifted sharply towards “defined contribution” pension programs. The number of private sector employees in such plans soared from 11 million in 1975 to 43 million in 1995, an increase of about 300%.
Taxpayer-Funded Lobbying
FACT SHEET: Understanding Taxpayer-Funded Lobbying Taxpayer-funded lobbying (TFL) is a complex and unfortunate feature of state and local governance. While lobbying is typically associated with private interest groups attempting to influence government decisions, taxpayer-funded lobbying flips this model: it involves government entities themselves using public funds to influence legislative outcomes. The Texas Public Policy Foundation’s...