THE MAINE HERITAGE POLICY CENTER
An End to the Era of Defined Benefits

An End to the Era of Defined Benefits

Today’s announced agreement between United Auto Workers and General Motors to resolve the ongoing dispute about retirement health benefits represents the monumental shift in defined retirement benefits. The $55 million unfunded health insurance liability symbolizes the problems associated with def ...
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Beyond the Supplemental Budget: What About State Debt, Per Capita Tax Burden, Future Reserves, and the Structural Gap?
Read the full report | Once again the legislature is busy spending the “surplus” that arrives miraculously each year sometime after Christmas, but before the sap flows from Maine’s maple trees. There are a few important points that need to be made about the alleged surplus, from which the Supp ...
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