PERF confusion
I am not at all sure that a merger of two public pension plans is not a good idea, possibly just not under current investment management auspices.
Government & Economic Development
Articles
Consultants for PERF, TRF announce plan to merge
Whether or not the Indiana Public Employees’ Retirement Fund and the Indiana State Teachers’ Retirement Fund consolidate,
their primary financial consultants are merging.
Wells leaves as Medicaid chief with cost-cutting plan in limbo
Dr. Jeff Wells is moving on from the Indiana Medicaid program even as a $40 million cost-savings plan he spearheaded faces
a threat in the Legislature.
Township offices have to go
Leaders on both sides of the aisle have called for streamlining township government, and it’s time to demand that our legislators
make those changes.
Fearful companies are curtailing employee insurance, retirement perks
Experts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
War did not end the Great Depression
It was not World War II that moved America out of the Great Depression.
Brightpoint adjusts as wireless demand finally cools off
After years of torrid gains in the number of wireless phones it handles, Brightpoint has had two consecutive comparable-quarter
declines.
Raising already-lofty lodging levy could cause convention planners to bypass Indianapolis
Raising Indianapolis’ tax on hotel rooms — already one of the highest rates in the nation — could be the tipping
point that causes conventioneers to bypass Indianapolis, some industry experts say.
Geist restaurateur buffeted by financial squalls
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
Indiana Public worker, teacher funds have lost $8B in 15 months
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
For unemployed, searching for job is full-time endeavor
As job losses accelerate in the worst recession in a generation, it’s becoming tougher and tougher for even well-educated,
experienced professionals to find work �¢?? or at least to find a job in the area and at the pay they want.
Unemployment taxes could break small biz
Raising the taxes to 5 percent-6 percent for a company like mine would be devastating, even though I have few employees.
Property-tax bill would hurt seniors
Retired people living on a fixed income have no way to raise extra money to pay for property taxes.
Here’s the solution to economic crisis
Replacing all sales taxes with an import tax/tariff is among several reforms that would solve the nation’s economic crises.
Legislators struggling with economic imperatives
The Indiana state budget will continue to be a work in progress for many more weeks.
Market, not bailouts, should stimulate refinancings
Markets, no matter how imperfect, not government programs, manage the economy.
Payroll tax hike looming
Shoring up the state’s jobless-fund shortfall likely will cost employers and employees more.
Crackdown on bank pay pinches Hoosier execs
When Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob Jones, the folksy CEO of Old National Corp. in Evansville.
ICVA seeks extra $15M to market new center
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention
center and adjacent hotels. That means asking the city’s Capital Improvement Board—one of ICVA’s primary sources of funds—for
a budget increase of up to 50 percent at the worst possible time.
Economic illnesses are like viruses
What kind of remedy should be applied to the economy? Surely we want something that will work quickly. But we also want something
that will help provide income in the future. That’s called investment.