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Author:Michael P. Riccards
Hall Institute Executive Director Michael P. Riccards’ testimony on pension reform legislation before the Senate State Government, Wagering, Tourism & Historic Preservation Committee, February 18, 2010.
Tuesday, 23 February 2010 | Print | PDF |  E-mail
Author:Michael P. Riccards
The problems confronting New Jersey’s public pension and benefit system are not new. What has been lacking has been the courage and willingness to tackle a problem with solutions that are so politically untenable. Since our inception in 2005,...
Wednesday, 17 February 2010 | Print | PDF |  E-mail
Author:Michael P. Riccards
(TRENTON) – The management structure New Jersey uses to invest state pension funds needs to be seriously re-examined, according to a study released today by the Hall Institute of Public Policy – New Jersey. “The extreme volatility of the...
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
For decades, the large state pension funds, including New Jersey’s, were conservatively invested – mainly in bonds and what used to be called “blue chip” stocks – such as AT&T, General Motors, and Xerox.  Usually these funds increased...
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
Fortune Magazine (May 12, 2009) has decided to look at the whole question of the “public pension bomb.”  The Magazine argues that for years the states have shortchanged the retirement programs of public employees.  The unfunded liabilities...
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
In late 2008, the Hall Institute for Public Policy in New Jersey completed a major study of the public pension system in the state.   The study traced the changes in investment plans from a very conservative modest strategy to a more speculative...
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
Click Here to view the Pension Report (PDF).
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
In New Jersey, March Madness rarely means following the competition in the NCAA basketball finals.  It is more a description of the state’s budget battles. One of the most refreshing aspects of the first year of Jon Corzine’s governorship was...
Monday, 14 September 2009 | Print | PDF |  E-mail
Author:Michael P. Riccards
One of the major foundations in this country, operated by the Pew group, is a center devoted to the states which examines the challenges that impact pensions in the fifty states. The comparative study of public pensions offers conclusions that we in New Jersey would do well to heed.
Wednesday, 15 July 2009 | Print | PDF |  E-mail
Author:Daniel Strachman
Governor Jon Corzine, bureaucrat William G. Clark, and Orin Kramer, Chairman of the New Jersey's Investment Council, have completely let the people of the state down.
Monday, 30 March 2009 | Print | PDF |  E-mail

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