posted on November 22, 2013 07:05 PM
Michael Fitzgerald, State Treasurer; Donna Mueller, CEO of IPERS; and Gretchen Tegeler, Executive Director of the Taxpayers Association of Central Iowa are the guests on this edition of Iowa Press.
The discussion will include public pensions, retirement and reforms.
Watch Full Episode
posted on November 22, 2013 02:54 PM
Donna Mueller, CEO of the Iowa Public Employees Retirement System (IPERS), says there needs to be a funding policy in place for public pensions, and the government must continue to fund those commitments. She says one of the reasons IPERS isn't fully funded is because government hasn't always...
posted on November 22, 2013 02:48 PM
Donna Mueller, CEO of the Iowa Public Employees Retirement System (IPERS), says Iowa was ahead of the ball on reforms to the pension system. Changes went into effect a couple years ago, and public employees are now contributing more and sharing in the risk.
posted on November 22, 2013 02:43 PM
Gretchen Tegeler, executive director of the Taxpayers Association of Central Iowa, says there are alternate approaches that could be considered to take stress of the Iowa Public Employees Retirement System (IPERS) and other public pensions. One would be to include a 401k-type of retirement...
posted on November 22, 2013 02:40 PM
State Treasurer Michael Fitzgerald says IPERS is a good program, and it's worked relatively well for decades. However, he says it would be good public policy to cap benefits at a reasonable amount to prevent high salary earners from collecting six-figure annual pensions.