Tag: Steve Metz

By Steve Metz Georgia’s Teachers Retirement System (TRS) represents a significant cost to taxpayers and an important part of teachers’ compensation and benefits package.  The current system is typical of government / teacher pension plans set up many years ago and it serves many teachers well (especially those who put in 30 or 40 years).  There are a lot of situations where it does not work well in today’s world however, and there are many reasons to believe it should be revised. From an employer’s perspective, a retirement plan should help with the Three R’s: Recruiting, Retaining and Rewarding employees.  In the rest of this discussion I will address how the TRS could be modified to better meet these objectives.… View Article

Public Sector Pension Plans to Face Tighter Scrutiny

By Steve Metz Government pension plans have been in the news a great deal the past few years and it hasn’t been pretty – due in large part to poor investment performance these public plan costs have skyrocketed along with their unfunded liabilities.  Governments all over the country have been hit hard with huge increases in legally required pension contributions that are devastating their budgets.  New accounting rules coming soon will bring even more attention to these issues. Before we go too much further, it is important to note that determining the value of pension plan unfunded liabilities is an inexact science. For example, the magnitude of the liabilities is extremely sensitive to certain assumptions such as future investment returns,… View Article

The Foundation should take a lot of pride in your influence on Georgia governmental policy over the past several years. If you look back on several things that you were crying in the wilderness about several years ago, you will find that Governor Miller adopted them…your influence and your pressure on that process has been a major factor in governmental policy in Georgia. You should be congratulated.

Governor Sonny Perdue more quotes