More on why state pension reforms are coming
Alicia Munnell, the director of the Center for Retirement Research at Boston College, nicely frames the public pension problem in a blog post today: Public plans around the world cannot sustain today’s level of benefits in the face of increased life expectancy, two financial crises in a decade, and low expected investment returns. Expensive provisions […]
February 27 , 2013 - Emily Makings
Public pensions and investment returns
Last week, the House Appropriations Committee held a hearing on HB 1899, which would allow first class cities to enter into agreements with the State Investment Board (SIB) allowing the SIB to “assume the duties of investing the retirement funds of the first class cities’ retirement systems.” The only first class cities with their own […]
February 26 , 2013 - Emily Makings
Oregon study on workers' comp — Washington jumps in the rankings
Today the Oregon Department of Consumer and Business Services released the full 2012 Workers’ Compensation Premium Rate Ranking Study. (A summary was released in October.) The study is done every two years and ranks Oregon’s workers’ comp premium rates against those in other states. We have described the problems with using the Oregon study as […]
February 26 , 2013 - Emily Makings
Workers' comp, cumulative trauma, and pro sports
Over the weekend, there was an article in the LA Times about athletes and workers’ compensation in California. (I wrote about this issue in August.) All states allow professional athletes to claim workers’ compensation payments for specific job-related injuries — such as a busted knee, torn tendon or ruptured spinal disc — that happened within […]
February 20 , 2013 - Emily Makings
New Brief: More Reforms for Workers' Compensation
On February 4, the state Senate passed three workers’ comp bills. In a new brief today, we take a look at those bills and discuss why reforms are needed, even after the changes made in 2011.
February 20 , 2013 - Richard S. Davis
Lower Business Costs, Better Education & Transportation = More Jobs
Gov. Inslee’s jobs plan, released last week, again highlights the state’s enduring problem: Too many people looking for work and not finding it. In my column, I lead with this: Nearly 17 percent of the state’s workforce — one in six of us — is either unemployed or underemployed. So much for the recovery. Nationally, […]
February 13 , 2013 - Emily Makings
President's proposal would increase federal minimum wage, nearly to Washington's level
In his State of the Union address last night, President Obama proposed increasing the federal minimum wage to $9.00 by the end of 2015 and indexing it to inflation. (It is currently $7.25.) Twenty-two states currently match the federal minimum wage, 19 states and DC have minimum wages above the federal requirement, four have minimum […]
February 05 , 2013 - Emily Makings
Paid sick leave in Washington, and a new study on Connecticut's law
The House Committee on Labor and Workforce Development held a hearing this morning on HB 1313, which would require Washington employers to provide paid sick and safe leave to their employees. The bill is very similar to Seattle’s paid sick and safe time ordinance, which has been in effect since September 1, 2012. We wrote […]
February 01 , 2013 - Emily Makings
More reforms for workers' compensation
Washington’s workers’ compensation benefits paid are the highest in the country, as we’ve documented here and here. And, as the National Academy of Social Insurance says, “several studies . . . demonstrate that the level of statutory benefits is a major determinant of the costs of workers’ compensation in a state.” In 2011, the legislature […]
January 22 , 2013 - Emily Makings
Potential changes for workers' comp voluntary settlements
In a Seattle Times op-ed over the weekend, two state representatives, Christopher Hurst and Cathy Dahlquist, call for more changes to workers’ compensation. Some reforms to the system were enacted in 2011 (we wrote about them here), and some savings have been realized. As Reps. Hurst and Dahlquist note, The single largest projected saving from […]