Figuring out how to pay for retirement plans might not be the most scintillating topic, but it’s a growing issue for Louisiana lawmakers. Here’s why:
Just as with Social Security, active workers pay into the system while retirees take money out. The difference between the pension plan’s cash on hand and how much will be paid out over time is known as the unfunded accrued liability, or UAL. In Louisiana’s state retirement systems, the UALs have grown a lot lately.
The word of the day in the Senate Education Committee Wednesday was “empowerment”, with bills giving more authority to school principals and local districts moving forward.
The “Empowered Community Schools” bill, SB 385, by Sen. Eric LaFleur (D-Ville Platte) would allow principals rated “highly effective” to basically declare themselves in charge — of hiring and firing and over school service and repair contracts.
On the first real business day of the new session Tuesday, the House Appropriations jumped right in with heavy lifting, as they began combing through the governor’s 329-page budget proposal. Lawmakers didn’t hesitate to ask for detailed explanations about the line items.
The 2014 Louisiana legislative session is under way, with Governor Bobby Jindal delivering his “State of the State” speech to a joint meeting of the House and Senate. Compared to previous years, the governor offered an abbreviated slate of measures he wants to be able to sign into law.
“Our first and most important priority must be to make sure that we have got the best-trained, most skilled, most productive workers anywhere in the world,” Jindal says, regarding his initiatives to improve workforce development.
Kentucky Sen. Rand Paul's straw poll victory at last week's Conservative Political Action Conference wasn't unexpected for the presidential contender. In third place, however, was a surprise finisher.
Dr. Ben Carson is one of a handful of black Republicans that conservatives are buzzing about this year. While the GOP has made strides in cultivating viable black candidates, the party still has difficulty resonating with black voters.
He may not have the rock-star status of top conservatives like Paul or Sen. Ted Cruz of Texas, but Carson's following is growing.
Start with a big ballroom at a resort hotel just outside D.C. Add thousands of conservative activists. Stir in hundreds of political journalists, and you've got an irresistible attraction for any Republican presidential hopeful.
For those with their eye on the Oval Office, it's also an early audition before a key audience.
It's the annual Conservative Political Action Conference — CPAC for short — where there's always talk of the next presidential election. This year as many as 10 possible 2016 candidates were invited to speak during the three-day event.