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BUCKNACKT'S SORDID TAWDRY BLOG We should not be a journey to the grave with the intention of arriving safely in an attractive & well preserved body, but rather to skid in sideways, chocolate, bier or wein in hand, body thoroughly used up, totally worn out and screaming "WHOO-HOO, WHAT A RIDE!!!!!!"
Showing posts with label pensions. Show all posts
Showing posts with label pensions. Show all posts
12 February 2019
DEMOCRACY NOW! DAILY DIGEST: Denver Teachers Strike over Bonus-Based Pay System, Demanding Reliable Salary Plan & Better Wages,Wright State Faculty Ends One of the Longest Strikes at a Public University in U.S. History & The End of Ice: Dahr Jamail on Climate Disruption from the Melting Himalayas to Insect Extinction 12FEB19
05 May 2017
Republicans Scrap Rule For Small-Business Retirement Plans 4MAI17
HERE is another example of the American electorate getting what they asked for as a result of the 2016 Presidential election. drumpf/trump-pence promised less government, less regulation and because of voluntary ignorance, latent and blatant racism, misogyny, sexism and flat out greed here it is with plenty more to come. This program benefited the very people drumpf/trump-pence claimed they would be working for. So drumpf/trump-pence voters, how's that "make America great again" thingy working out for ya? From +NPR ....
Republicans Scrap Rule For Small-Business Retirement Plans
Senate Republicans voted Wednesday night to rescind an Obama-era policy that allows states to offer retirement savings plans to millions of workers.
Retiree and worker protection groups say the move will hurt employees at small businesses.
Many small businesses say they can't afford to set up retirement savings plans, such as 401(k) plans, for their workers. That's a big reason why so many Americans aren't saving, says Cristina Martin Firvida, the AARP's director of government affairs.
"There are 55 million Americans who have no way to save for their retirement at work," Firvida says.
She says when bigger companies automatically enroll workers in retirement plans, the vast majority of people stick with it and keep saving. They could opt out, but they don't.
And Firvida says if similar plans were in place for workers at small businesses, "they would be 15 times more likely to save for retirement if they could do that straight out of their paycheck."
Because of that, Oregon, California, Illinois and five other states have passed laws to help small businesses enroll workers in state-designed plans. That legislation was given a boost by the Obama administration policy that Congress just overturned.
Oregon's state treasurer, Tobias Read, says he's disappointed by the vote. He explains that the Obama administration created guidance for states, effectively saying, "if you do the savings plans this way, you're within federal law."
By rescinding that, Congress has now created uncertainty, he says. That could discourage more states from passing these laws.
Oregon is facing that uncertainty, too. But Read says with 1 million workers with no workplace retirement plan, his state is going to push ahead.
"We believe we are safely within the law and we want to take the chance to help working Oregonians," Read tells NPR.
One of the first small business owners to take part in the so-called Oregon Saves plan will be Saleem Noorani of Albany, Ore. He runs two wine and beer shops and he has 11 employees who will be automatically enrolled in the pilot phase of the savings plan this summer.
"They are all very excited that they are even being able to participate in the program," Noorani says. He says setting up a 401(k) plan was just too expensive for his small business. But the Oregon plan is free for him.
Noorani's workers will choose from a few investment options. These plans are similar to state-designed 529 college savings plans. The state creates the framework, but the investments are managed by a private company — in Oregon's case it's State Street Global Advisors.
"I was so glad to see Oregon come up with this plan where it makes it so easy and so simple," Noorani says. But he says he's also very confused about why Republicans in Congress have now voted to make these plans harder for states to set up.
"I'm a Republican and I can't find any logical answer for it," Noorani says. "When you see something that's such a great solution out there, why do you go around and sabotage it?"
The financial industry has been lobbying Congress to get rid of the Obama policy.
Lisa Bleier is a managing director and associate general counsel with the Securities Industry and Financial Markets Association, or SIFMA. She says, "Every state is coming up with all different ideas as to how they're going to do it." Bleier says that will create problems. SIFMA has other objections, too. And some in the industry think the government just shouldn't get involved.
Dennis Kelleher is president and CEO of the financial watchdog group Better Markets. He says there's another reason for the industry's opposition: If states set up plans that are relatively low-cost for workers, that might push the whole market in that direction and hurt financial firms' profits.
"It's all about protecting profits and that's all this fight was really about," Kelleher says.
08 September 2012
James Hoffa, Teamsters President, Says Romney 'Wants To Annihilate Organized Labor' 8SEP12
THE decline of the American worker began with the take back of pension and health care benefits by companies not taking these actions to survive but to increase obscene executive pay and benefits and the immoral profit margins of investors. Unions, who brought us paid sick time, paid vacation, FMLA and company pensions were decimated by companies first moving to right to work states, where employees can be exploited and paid less. Then the real blow came with the explosion of outsourcing to the prc, India and other places in the Third World. Now American workers, still the most productive in the world, are faced with stagnant and declining wages, unemployment, and anemic 401-K pensions along with attacks on the social safety net programs, Social Security, Medicare and Medicaid that many of us will be dependent on upon retirement. The repiglican / tea-bagger economic plan of mitt robme and lyin paul ryan will continue the assault on organized labor in this country, and with every victory they achieve American workers fall further behind. The goal of robme and ryan is nothing less than a Third World American workforce that remains docile and is controlled by fear of their employers and their own government. From HuffPost.....
Teamsters President James Hoffa says Mitt Romney opposes organized labor.
CHARLOTTE, N.C. -- The way Teamsters President James P.
Hoffa sees it, GOP presidential nominee Mitt Romney would be happy if an
already weakened American labor movement ceased to exist altogether.
"He wants to annihilate organized labor as we know it," Hoffa told HuffPost outside the Democratic National Convention this week. "It's on his website. I'm not making this up. He's for a national right-to-work law. The Republican Party has veered dangerously to the right. It's rather incredible, in 2012, if you think about it."
Indeed, Romney's official stance on labor isn't kind to unions. His campaign website suggests that unions have outlasted their significance, "driv[ing] up costs and introduc[ing] rigidities that harm competitiveness and frustrate innovation." He supports states pursuing right-to-work laws, which weaken the clout of unions, and his party last week approved a platform pushing for national right-to-work legislation. He'd also like to prohibit automatic union dues-deduction from employee paychecks.
Hoffa isn’t the only labor leader who visited Charlotte this week and sees a hostility toward unions in Romney's positions. Mary Kay Henry, head of the 2 million-member Service Employees International Union, told HuffPost earlier this week that Romney "wants to take us out."
The Romney campaign didn't respond to Hoffa or Henry's comments.
Rank-and-file union members said they often feel taken for granted by Democrats in office. Among many labor activists, the enthusiasm for the Obama-Biden ticket appears to stem in large part from a loathing and distrust of the alternative. But Hoffa, like other labor figures who headed to Charlotte, insisted the current White House has been good to unions over the past four years.
Rather than dwell on disappointments -- like Obama's failure to push the Employee Free Choice Act through Congress when Democrats held both chambers, or to pass a raise in the minimum wage -- Hoffa touted the passage of the Affordable Care Act and the stimulus bill, the rescue of the auto industry and the actions of the National Labor Relations Board, the federal agency that enforces labor law.
The NLRB has issued decisions and rules during Obama's tenure that conservatives have decried as too friendly to unions,
such as a rule that would require businesses to hang placards in the
workplace informing workers of their right to unionize. By contrast,
during the George W. Bush presidency, union members believed the NLRB
catered to businesses.
"The NLRB has gotten civilized again," said Hoffa, the Teamsters president since 1998 whose famous father, Jimmy Hoffa, was president throughout the 1960s. "People aren’t afraid to go there anymore. They're getting good results from the NLRB. And when I say good, I mean fair. Fairness is all we want.
"These are things that are meaningful to us, that make it easier for us to organize," Hoffa added.
One place where it's extremely difficult for unions to organize is North Carolina, a fact that created some awkwardness between the Democratic Party and organized labor, given the selection of Charlotte as the DNC's host city. (North Carolina has the lowest unionization rate in the nation.) Hoffa was one of the few union heads who appeared willing to knock the party for the choiceit, albeit lightly.
"I think that the Democratic Party, the DNC, could have consulted us," Hoffa said. "I would have thought there were much better venues, like St. Louis, like Detroit, but they have their own thinking and obviously they didn’t talk to us."
The Teamsters are currently locked in a high-profile battle with the wholesale baker Hostess Brands, maker of iconic American foodstuffs Wonder Bread and Twinkies. Hostess, going through bankruptcy proceedings for the second time in a decade, has said that if the Teamsters make good on their strike threat it could bury the company.
Hostess' latest offer to Teamster workers is believed to include significant concessions. A recent letter from the company's CEO estimated wage cuts of 8 percent, health care givebacks and the loss of large pension contributions.
Hostess management loathes the pension plans currently enjoyed by its union workers, arguing that they're overly generous and antiquated. Hoffa, however, said it was the duty of his union to maintain those pensions as best they could, especially in an age when pensions are being attacked and phased out.
"Our job is to keep pensions," Hoffa said. "That’s the job of all of labor, because that’s what makes us different. The problem is the right wing hates unions, hates pensions -- they don’t want to be obligated to anybody ... and we stand for the opposite."
http://www.huffingtonpost.com/2012/09/08/james-hoffa-teamsters-romney_n_1866359.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications
"He wants to annihilate organized labor as we know it," Hoffa told HuffPost outside the Democratic National Convention this week. "It's on his website. I'm not making this up. He's for a national right-to-work law. The Republican Party has veered dangerously to the right. It's rather incredible, in 2012, if you think about it."
Indeed, Romney's official stance on labor isn't kind to unions. His campaign website suggests that unions have outlasted their significance, "driv[ing] up costs and introduc[ing] rigidities that harm competitiveness and frustrate innovation." He supports states pursuing right-to-work laws, which weaken the clout of unions, and his party last week approved a platform pushing for national right-to-work legislation. He'd also like to prohibit automatic union dues-deduction from employee paychecks.
Hoffa isn’t the only labor leader who visited Charlotte this week and sees a hostility toward unions in Romney's positions. Mary Kay Henry, head of the 2 million-member Service Employees International Union, told HuffPost earlier this week that Romney "wants to take us out."
The Romney campaign didn't respond to Hoffa or Henry's comments.
Rank-and-file union members said they often feel taken for granted by Democrats in office. Among many labor activists, the enthusiasm for the Obama-Biden ticket appears to stem in large part from a loathing and distrust of the alternative. But Hoffa, like other labor figures who headed to Charlotte, insisted the current White House has been good to unions over the past four years.
Rather than dwell on disappointments -- like Obama's failure to push the Employee Free Choice Act through Congress when Democrats held both chambers, or to pass a raise in the minimum wage -- Hoffa touted the passage of the Affordable Care Act and the stimulus bill, the rescue of the auto industry and the actions of the National Labor Relations Board, the federal agency that enforces labor law.
"The NLRB has gotten civilized again," said Hoffa, the Teamsters president since 1998 whose famous father, Jimmy Hoffa, was president throughout the 1960s. "People aren’t afraid to go there anymore. They're getting good results from the NLRB. And when I say good, I mean fair. Fairness is all we want.
"These are things that are meaningful to us, that make it easier for us to organize," Hoffa added.
One place where it's extremely difficult for unions to organize is North Carolina, a fact that created some awkwardness between the Democratic Party and organized labor, given the selection of Charlotte as the DNC's host city. (North Carolina has the lowest unionization rate in the nation.) Hoffa was one of the few union heads who appeared willing to knock the party for the choiceit, albeit lightly.
"I think that the Democratic Party, the DNC, could have consulted us," Hoffa said. "I would have thought there were much better venues, like St. Louis, like Detroit, but they have their own thinking and obviously they didn’t talk to us."
The Teamsters are currently locked in a high-profile battle with the wholesale baker Hostess Brands, maker of iconic American foodstuffs Wonder Bread and Twinkies. Hostess, going through bankruptcy proceedings for the second time in a decade, has said that if the Teamsters make good on their strike threat it could bury the company.
Hostess' latest offer to Teamster workers is believed to include significant concessions. A recent letter from the company's CEO estimated wage cuts of 8 percent, health care givebacks and the loss of large pension contributions.
Hostess management loathes the pension plans currently enjoyed by its union workers, arguing that they're overly generous and antiquated. Hoffa, however, said it was the duty of his union to maintain those pensions as best they could, especially in an age when pensions are being attacked and phased out.
"Our job is to keep pensions," Hoffa said. "That’s the job of all of labor, because that’s what makes us different. The problem is the right wing hates unions, hates pensions -- they don’t want to be obligated to anybody ... and we stand for the opposite."
http://www.huffingtonpost.com/2012/09/08/james-hoffa-teamsters-romney_n_1866359.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications
12 November 2011
The States Doing The Most (and Least) To Spread The Wealth Read more: The States Doing The Most (and Least) To Spread The Wealth - 24/7 Wall St. http://247wallst.com/2011/11/11/the-states-doing-the-most-and-least-to-spread-the-wealth 11NOV11
FROM 24/7 Wall Street, very interesting, and disturbing reading.......
> Average pension benefits: $24,398 (8th highest)
> Total per pupil spending: $9,657 (22nd lowest)
> Medicaid payments per beneficiary: $3,367 (the lowest)
> Pct. of weekly wages covered by unemployment benefits: 30.3% (11th lowest)
> No. of months of TANF received: 42.4 (7th highest)
> Avg. TANF cash assistance per month: $537 (2nd highest)
California provides a large amount of cash assistance to those in need. Recipients of Temporary Assistance for Needy Families in the state receive $537 per month — the second largest amount in the country — and for 42.4 months — the 7th most months. California residents have one of the highest tax burdens in the country. The state also has the seventh highest level of income inequality.
9. Minnesota
> Average pension benefits: $16,304 (17th lowest)
> Total per pupil spending: $11,098 (15th highest)
> Medicaid payments per beneficiary: $8,435 (2nd highest)
> Pct. of weekly wages covered by unemployment benefits: 40.7% (12th highest)
> No. of months of TANF received: 40 (10th highest)
> Avg. TANF cash assistance per month: $348 (19th most)
As of 2008, Medicaid enrollees in Minnesota received the second largest amount in benefits in the country. However, the state has cut outlay to the program as stated in the 2012-2013 budget, meaning the state’s ranking in this category may soon change. Residents of the state have to pay a very large amount in taxes. The average citizen of Minnesota pays 10.3% of their income in state and local taxes, which is the seventh largest amount in the country.
8. Alaska
> Average pension benefits: $18,632 (25th lowest)
> Total per pupil spending: $15,552 (3rd highest)
> Medicaid payments per beneficiary: $7,453 (6th highest)
> Pct. of weekly wages covered by unemployment benefits: 27.0% (5th lowest)
> No. of months of TANF received: 37.3 (14th highest)
> Avg. TANF cash assistance per month: $602 (the highest)
Alaskans have the lowest tax burden in the country, paying just 6.3% of their income in state and local taxes. According to the Tax Foundation, “Before the Trans-Alaska pipeline was finished in 1977, taxpayers in Alaska bore the second-highest tax burden in the country. By 1980, with oil tax revenue pouring in, Alaska repealed its personal income tax and started sending out checks instead.” The state also doesn’t levy personal income tax or sales tax. Still, it manages to spend the third largest amount per pupil each year, provide the sixth largest amount in medicaid per beneficiary, and give the largest amount in monthly TANF assistance in the country.
7. Connecticut
> Average pension benefits: $26,622 (4th highest)
> Total per pupil spending: $14,531 (6th highest)
> Medicaid payments per beneficiary: $7,442 (7th highest)
> Pct. of weekly wages covered by unemployment benefits: 29.2% (8th lowest)
> No. of months of TANF received: 26.7 (17th lowest)
> Avg. TANF cash assistance per month: $413 (11th highest)
Connecticut has the highest per capita income in the country. Its residents also pay more than $5,000 a year on average in state and local taxes — the highest amount in the U.S. As a result, residents have the third highest tax burden in the country. In return, Connecticuters receive above average benefits. State employees who receive their pensions through the Connecticut State Employees Retirement System have the fourth highest average pension benefits. Students have the sixth highest amount spent on them. The state also has the fourth highest cost of living, and the second highest rate of income inequality.
6. Hawaii
> Average pension benefits: $22,680 (10th highest)
> Total per pupil spending: $12,400 (11th highest)
> Medicaid payments per beneficiary: $5,261 (21st lowest)
> Pct. of weekly wages covered by unemployment benefits: 54.3% (the highest)
> No. of months of TANF received: 46.7 (the highest)
> Avg. TANF cash assistance per month: $518 (3rd highest)
Hawaii, on average, covers 54.3% of workers’ previous weekly wages through unemployment benefits. This is the highest rate in the country. The state also provides, on average, the greatest number of months of TANF benefits, and the third highest average amount of cash assistance. Part of the reason for this is that Hawaii has — by a substantial margin — the highest cost of living in the country. The state also receives one of the largest amounts of federal funding per capita in the country. This is partly due to defense, but also because of its high rates of health and human services payments.
5. Pennsylvania
> Average pension benefits: $20,662 (15th highest)
> Total per pupil spending: $12,512 (10th highest)
> Medicaid payments per beneficiary: $6,937 (11th highest)
> Pct. of weekly wages covered by unemployment benefits: 39.4% (17th highest)
> No. of months of TANF received: 42 (8th highest)
> Avg. TANF cash assistance per month: $322 (25th highest)
Pennsylvania ranks high in a number of categories, but is not especially exceptional in any. It spends a large amount on education, health care, public pensions, and welfare. As a result, it has the tenth highest tax burden in the country, with residents spending an average of 10.1% of their income in state and local taxes.
4. New York
> Average pension benefits: $17,459 (19th lowest)
> Total per pupil spending: $18,126 (the highest)
> Medicaid payments per beneficiary: $9,057 (the highest)
> Pct. of weekly wages covered by unemployment benefits: 26.9% (2nd lowest)
> No. of months of TANF received: 43.9 (4th highest)
> Avg. TANF cash assistance per month: $499 (6th highest)
New York spends more than $18,100 per student on education each year, which is more than any other state in the nation. Approximately $12,500 of this is spent on teacher salaries and benefits alone. The state’s medicaid payments per beneficiary of $9,057 is the largest in the country, and more than $600 than the state that spends the second most. New York has the absolute highest rate of income inequality in the country. It also has the second largest state and local tax burden, and the third highest cost of living.
3. New Jersey
> Average pension benefits: $16,817 (18th lowest)
> Total per pupil spending: $16,271 (2nd highest)
> Medicaid payments per beneficiary: $7,985 (4th highest)
> Pct. of weekly wages covered by unemployment benefits: 37.2% (25th highest)
> No. of months of TANF received: 40.4 (9th highest)
> Avg. TANF cash assistance per month: $325 (21st highest)
New Jersey residents have access to exceptional amounts of health care benefits. Medicaid beneficiaries receive the fourth largest amount in the country. And those who receive medicare benefits, which is solely the fiscal responsibility of the federal government, receive the third largest amount. New Jersey also spends the second largest amount on education on a per student basis. Only 4% of New Jersey’s education budget derives from the federal government, with revenues split evenly between state and local governments. Unfortunately, New Jersey residents possess the largest tax burden in the country — nearly twice that of Alaska.
2. Massachusetts
> Average pension benefits: $25,596 (5th highest)
> Total per pupil spending: $14,118 (7th highest)
> Medicaid payments per beneficiary: $7,020 (10th highest)
> Pct. of weekly wages covered by unemployment benefits: 36.1% (22nd lowest)
> No. of months of TANF received: 36.2 (16th highest)
> Avg. TANF cash assistance per month: $500 (5th highest)
Massachusetts has the third highest rate of income inequality in country. However, the states offers a number of above average benefits to address this issue. The state provides the fifth highest monthly amount in cash assistance for families enrolled in TANF in the country. The state also spends the seventh greatest amount on education, resulting in what many consider to be one of the best K-12 education systems in the country. Additionally, residents covered under the Massachusetts State Employees Retirement System receive the fifth highest amount in average benefits.
1. Rhode Island
> Average pension benefits: $25,571 (6th highest)
> Total per pupil spending: $13,707 (8th highest)
> Medicaid payments per beneficiary: $8,208 (3rd highest)
> Pct. of weekly wages covered by unemployment benefits: 45.9% (2nd highest)
> No. of months of TANF received: 46.5 (2nd highest)
> Avg. TANF cash assistance per month: $417 (10th highest)
Rhode Island performs exceptionally well in all of the “generous” state metrics. It provides Medicaid beneficiaries with the third largest amount in payments. It provides the unemployed with almost 46% of their previous weekly wages — the second highest rate. Those receiving cash assistance through TANF, on average, can receive benefits for the second longest period among all states. Of course, taxes must be relatively high to fund these programs. The state has the fifth highest state-local tax burden in the country.
The Occupy movement has brought economic inequality to the headlines. Occupy protesters around the country have labeled themselves the 99%, in contrast to the wealthiest 1%. While this has captured the public’s attention, differences in wealth have always existed, and states have tried to level the playing field by redistributing money through education spending, unemployment benefits, health care, welfare, and other means.
24/7 Wall St. examined government spending by state in a number of categories to identify those that give the most and least in money and benefits to their residents. Our analysis has found that states that provide the most services and benefits have high income inequality. In order to finance these programs, the states that offer the most to their residents also have among the highest tax burdens in the country. While all income levels benefit from government assistance, the poor and the dispossessed benefit the most, in the form of welfare, medicare, and unemployment insurance.
Tax burden refers to the average amount a person pays in taxes as a percentage of his or her income. The Tax Foundation calculates each state’s tax burden by taking the total amount paid by the state’s residents in taxes, and dividing it by the total income of the state’s residents. Eight of the ten states that are most generous are among the top fifteen states with the highest tax burdens. New York, New Jersey, and Connecticut are all included on the list and also fill the top three slots for largest tax burdens in the country.
Income inequality measures how evenly wealth is distributed among residents of an area. Income inequality is high when a few people make a great deal and many make far less. Six of the ten states that are most generous are in the top 15 states for highest rates of income inequality. The three states with the greatest inequality in the country — New York, Connecticut, and Massachusetts — are among the most generous. Many of the states giving the least, such as Idaho and Indiana, fall on the other end of the spectrum for income inequality.
It also happens that the states that spend the most on their residents have particularly high costs of living. While it may be that state governments simply give more because costs are higher, the difference in spending does reflect the entire situation. In many cases the most generous states also provide benefits for longer periods of time, such as unemployment and cash assistance for needy families. Nine of the ten states on the list are within the top 15 for highest costs of living. and seven of the ten least giving states are within the bottom 15 for cost of living.
24/7 Wall St. used the percent of former weekly wages covered by state unemployment insurance to rank unemployment benefits by state, using data from The National Employment Law Project. The amount each state spends on education per student, including teacher salaries, as well as data on income inequality, measured by the Gini coefficient, comes from the Census Bureau. Medicaid spending per recipient is from The Urban Institute and Kaiser Commission on Medicaid and the Uninsured. Medicare spending per recipient is from the Centers for Medicare and Medicaid Services. 24/7 ranked the average amount each state employee receives in pension benefits per year using data from the Center for Retirement Research at Boston College on defined benefit plans. Data on the average number of months of benefits received and the average monthly amount of cash assistance from Temporary Assistance for Needy Families (TANF), a welfare program that provides cash assistance to American families with dependent children, was obtained from the Administration for Children and Families. Cost of living data is from the Missouri Economic Research and Information Center.
This is 24/7 Wall St.’s states doing the most (and least) to spread the wealth.
10. California24/7 Wall St. examined government spending by state in a number of categories to identify those that give the most and least in money and benefits to their residents. Our analysis has found that states that provide the most services and benefits have high income inequality. In order to finance these programs, the states that offer the most to their residents also have among the highest tax burdens in the country. While all income levels benefit from government assistance, the poor and the dispossessed benefit the most, in the form of welfare, medicare, and unemployment insurance.
Tax burden refers to the average amount a person pays in taxes as a percentage of his or her income. The Tax Foundation calculates each state’s tax burden by taking the total amount paid by the state’s residents in taxes, and dividing it by the total income of the state’s residents. Eight of the ten states that are most generous are among the top fifteen states with the highest tax burdens. New York, New Jersey, and Connecticut are all included on the list and also fill the top three slots for largest tax burdens in the country.
Income inequality measures how evenly wealth is distributed among residents of an area. Income inequality is high when a few people make a great deal and many make far less. Six of the ten states that are most generous are in the top 15 states for highest rates of income inequality. The three states with the greatest inequality in the country — New York, Connecticut, and Massachusetts — are among the most generous. Many of the states giving the least, such as Idaho and Indiana, fall on the other end of the spectrum for income inequality.
It also happens that the states that spend the most on their residents have particularly high costs of living. While it may be that state governments simply give more because costs are higher, the difference in spending does reflect the entire situation. In many cases the most generous states also provide benefits for longer periods of time, such as unemployment and cash assistance for needy families. Nine of the ten states on the list are within the top 15 for highest costs of living. and seven of the ten least giving states are within the bottom 15 for cost of living.
24/7 Wall St. used the percent of former weekly wages covered by state unemployment insurance to rank unemployment benefits by state, using data from The National Employment Law Project. The amount each state spends on education per student, including teacher salaries, as well as data on income inequality, measured by the Gini coefficient, comes from the Census Bureau. Medicaid spending per recipient is from The Urban Institute and Kaiser Commission on Medicaid and the Uninsured. Medicare spending per recipient is from the Centers for Medicare and Medicaid Services. 24/7 ranked the average amount each state employee receives in pension benefits per year using data from the Center for Retirement Research at Boston College on defined benefit plans. Data on the average number of months of benefits received and the average monthly amount of cash assistance from Temporary Assistance for Needy Families (TANF), a welfare program that provides cash assistance to American families with dependent children, was obtained from the Administration for Children and Families. Cost of living data is from the Missouri Economic Research and Information Center.
This is 24/7 Wall St.’s states doing the most (and least) to spread the wealth.
The states doing the most to spread the wealth
> Average pension benefits: $24,398 (8th highest)
> Total per pupil spending: $9,657 (22nd lowest)
> Medicaid payments per beneficiary: $3,367 (the lowest)
> Pct. of weekly wages covered by unemployment benefits: 30.3% (11th lowest)
> No. of months of TANF received: 42.4 (7th highest)
> Avg. TANF cash assistance per month: $537 (2nd highest)
California provides a large amount of cash assistance to those in need. Recipients of Temporary Assistance for Needy Families in the state receive $537 per month — the second largest amount in the country — and for 42.4 months — the 7th most months. California residents have one of the highest tax burdens in the country. The state also has the seventh highest level of income inequality.
9. Minnesota
> Average pension benefits: $16,304 (17th lowest)
> Total per pupil spending: $11,098 (15th highest)
> Medicaid payments per beneficiary: $8,435 (2nd highest)
> Pct. of weekly wages covered by unemployment benefits: 40.7% (12th highest)
> No. of months of TANF received: 40 (10th highest)
> Avg. TANF cash assistance per month: $348 (19th most)
As of 2008, Medicaid enrollees in Minnesota received the second largest amount in benefits in the country. However, the state has cut outlay to the program as stated in the 2012-2013 budget, meaning the state’s ranking in this category may soon change. Residents of the state have to pay a very large amount in taxes. The average citizen of Minnesota pays 10.3% of their income in state and local taxes, which is the seventh largest amount in the country.
8. Alaska
> Average pension benefits: $18,632 (25th lowest)
> Total per pupil spending: $15,552 (3rd highest)
> Medicaid payments per beneficiary: $7,453 (6th highest)
> Pct. of weekly wages covered by unemployment benefits: 27.0% (5th lowest)
> No. of months of TANF received: 37.3 (14th highest)
> Avg. TANF cash assistance per month: $602 (the highest)
Alaskans have the lowest tax burden in the country, paying just 6.3% of their income in state and local taxes. According to the Tax Foundation, “Before the Trans-Alaska pipeline was finished in 1977, taxpayers in Alaska bore the second-highest tax burden in the country. By 1980, with oil tax revenue pouring in, Alaska repealed its personal income tax and started sending out checks instead.” The state also doesn’t levy personal income tax or sales tax. Still, it manages to spend the third largest amount per pupil each year, provide the sixth largest amount in medicaid per beneficiary, and give the largest amount in monthly TANF assistance in the country.
7. Connecticut
> Average pension benefits: $26,622 (4th highest)
> Total per pupil spending: $14,531 (6th highest)
> Medicaid payments per beneficiary: $7,442 (7th highest)
> Pct. of weekly wages covered by unemployment benefits: 29.2% (8th lowest)
> No. of months of TANF received: 26.7 (17th lowest)
> Avg. TANF cash assistance per month: $413 (11th highest)
Connecticut has the highest per capita income in the country. Its residents also pay more than $5,000 a year on average in state and local taxes — the highest amount in the U.S. As a result, residents have the third highest tax burden in the country. In return, Connecticuters receive above average benefits. State employees who receive their pensions through the Connecticut State Employees Retirement System have the fourth highest average pension benefits. Students have the sixth highest amount spent on them. The state also has the fourth highest cost of living, and the second highest rate of income inequality.
6. Hawaii
> Average pension benefits: $22,680 (10th highest)
> Total per pupil spending: $12,400 (11th highest)
> Medicaid payments per beneficiary: $5,261 (21st lowest)
> Pct. of weekly wages covered by unemployment benefits: 54.3% (the highest)
> No. of months of TANF received: 46.7 (the highest)
> Avg. TANF cash assistance per month: $518 (3rd highest)
Hawaii, on average, covers 54.3% of workers’ previous weekly wages through unemployment benefits. This is the highest rate in the country. The state also provides, on average, the greatest number of months of TANF benefits, and the third highest average amount of cash assistance. Part of the reason for this is that Hawaii has — by a substantial margin — the highest cost of living in the country. The state also receives one of the largest amounts of federal funding per capita in the country. This is partly due to defense, but also because of its high rates of health and human services payments.
5. Pennsylvania
> Average pension benefits: $20,662 (15th highest)
> Total per pupil spending: $12,512 (10th highest)
> Medicaid payments per beneficiary: $6,937 (11th highest)
> Pct. of weekly wages covered by unemployment benefits: 39.4% (17th highest)
> No. of months of TANF received: 42 (8th highest)
> Avg. TANF cash assistance per month: $322 (25th highest)
Pennsylvania ranks high in a number of categories, but is not especially exceptional in any. It spends a large amount on education, health care, public pensions, and welfare. As a result, it has the tenth highest tax burden in the country, with residents spending an average of 10.1% of their income in state and local taxes.
4. New York
> Average pension benefits: $17,459 (19th lowest)
> Total per pupil spending: $18,126 (the highest)
> Medicaid payments per beneficiary: $9,057 (the highest)
> Pct. of weekly wages covered by unemployment benefits: 26.9% (2nd lowest)
> No. of months of TANF received: 43.9 (4th highest)
> Avg. TANF cash assistance per month: $499 (6th highest)
New York spends more than $18,100 per student on education each year, which is more than any other state in the nation. Approximately $12,500 of this is spent on teacher salaries and benefits alone. The state’s medicaid payments per beneficiary of $9,057 is the largest in the country, and more than $600 than the state that spends the second most. New York has the absolute highest rate of income inequality in the country. It also has the second largest state and local tax burden, and the third highest cost of living.
3. New Jersey
> Average pension benefits: $16,817 (18th lowest)
> Total per pupil spending: $16,271 (2nd highest)
> Medicaid payments per beneficiary: $7,985 (4th highest)
> Pct. of weekly wages covered by unemployment benefits: 37.2% (25th highest)
> No. of months of TANF received: 40.4 (9th highest)
> Avg. TANF cash assistance per month: $325 (21st highest)
New Jersey residents have access to exceptional amounts of health care benefits. Medicaid beneficiaries receive the fourth largest amount in the country. And those who receive medicare benefits, which is solely the fiscal responsibility of the federal government, receive the third largest amount. New Jersey also spends the second largest amount on education on a per student basis. Only 4% of New Jersey’s education budget derives from the federal government, with revenues split evenly between state and local governments. Unfortunately, New Jersey residents possess the largest tax burden in the country — nearly twice that of Alaska.
2. Massachusetts
> Average pension benefits: $25,596 (5th highest)
> Total per pupil spending: $14,118 (7th highest)
> Medicaid payments per beneficiary: $7,020 (10th highest)
> Pct. of weekly wages covered by unemployment benefits: 36.1% (22nd lowest)
> No. of months of TANF received: 36.2 (16th highest)
> Avg. TANF cash assistance per month: $500 (5th highest)
Massachusetts has the third highest rate of income inequality in country. However, the states offers a number of above average benefits to address this issue. The state provides the fifth highest monthly amount in cash assistance for families enrolled in TANF in the country. The state also spends the seventh greatest amount on education, resulting in what many consider to be one of the best K-12 education systems in the country. Additionally, residents covered under the Massachusetts State Employees Retirement System receive the fifth highest amount in average benefits.
1. Rhode Island
> Average pension benefits: $25,571 (6th highest)
> Total per pupil spending: $13,707 (8th highest)
> Medicaid payments per beneficiary: $8,208 (3rd highest)
> Pct. of weekly wages covered by unemployment benefits: 45.9% (2nd highest)
> No. of months of TANF received: 46.5 (2nd highest)
> Avg. TANF cash assistance per month: $417 (10th highest)
Rhode Island performs exceptionally well in all of the “generous” state metrics. It provides Medicaid beneficiaries with the third largest amount in payments. It provides the unemployed with almost 46% of their previous weekly wages — the second highest rate. Those receiving cash assistance through TANF, on average, can receive benefits for the second longest period among all states. Of course, taxes must be relatively high to fund these programs. The state has the fifth highest state-local tax burden in the country.
The states doing the least to spread the wealth
10. Texas
> Average pension benefits: $18,828 (25th highest)
> Total per pupil spending: $8,540 (9th lowest)
> Medicaid payments per beneficiary: $4,667 (10th lowest)
> Pct. of weekly wages covered by unemployment benefits: 36.0% (21st lowest)
> No. of months of TANF received: 30.3 (22nd lowest)
> Avg. TANF cash assistance per month: $195 (6th lowest)
Texas provides among the lowest average amount in monthly cash assistance to families receiving TANF benefits. It has the tenth lowest amount in medicaid payments per beneficiary. It also spends the ninth lowest amount on education on a per pupil basis. Residents of the state have one of the lowest state and local tax burdens in the country, paying just 7.9% of their income. The state also has the fourth lowest cost of living in the nation.
9. Florida
> Average pension benefits: $19,777 (19th highest)
> Total per pupil spending: $8,760 (14th lowest)
> Medicaid payments per beneficiary: $4,574 (6th lowest)
> Pct. of weekly wages covered by unemployment benefits: 29.5% (9th lowest)
> No. of months of TANF received: 21.8 (9th lowest)
> Avg. TANF cash assistance per month: $233 (13th lowest)
Florida has one of the lowest per-beneficiary payout rates for Medicaid in the country. Conversely, it has one of the highest rates for Medicare, which aids those aged 65 years or older and is solely funded by the federal government. The state also provides relatively low unemployment benefits and TANF benefits.
8. Indiana
> Average pension benefits: $8,837 (the lowest)
> Total per pupil spending: $9,369 (17th lowest)
> Medicaid payments per beneficiary: $5,136 (18th lowest)
> Pct. of weekly wages covered by unemployment benefits: 40.1% (13th highest)
> No. of months of TANF received: 24.8 (13th lowest)
> Avg. TANF cash assistance per month: $203 (8th lowest)
The greatest detriment to Indiana’s ranking is its pension system. The average benefits for a public servant enrolled in the Indiana Public Employees’ Retirement Fund is $8,837, the lowest amount in the country. Although Indiana, unlike many states, strives to make its full pension payments each year, it keeps payments small. According to the New York Times, “An employee earning $30,000 a year retires after 25 years with an annual pension of less than $10,000.” The state also provides a relatively low amount in average monthly cash assistance for TANF beneficiaries. The cost of living in Indiana is, however, relatively low.
7. South Carolina
> Average pension benefits: $17,467 (19th lowest)
> Total per pupil spending: $9,277 (16th lowest)
> Medicaid payments per beneficiary: $4,658 (8th lowest)
> Pct. of weekly wages covered by unemployment benefits: 33.5% (16th lowest)
> No. of months of TANF received: 32.4 (20th highest)
> AAvg. TANF cash assistance per month: $172 (4th lowest)
South Carolina scores worse than average in every metric of generosity we looked at. The worst of these were Medicaid and cash assistance to the poor. South Carolina paid out just $4,658 per beneficiary last year for Medicaid, the eighth lowest amount in the U.S. Needy families received just $172 on average from TANF, the fourth lowest dollar amount in the country.
6. Arizona
> Average pension benefits: $19,056 (23rd highest)
> Total per pupil spending: $7,813 (3rd lowest)
> Medicaid payments per beneficiary: $4,701 (14th lowest)
> Pct. of weekly wages covered by unemployment benefits: 26.2% (the lowest)
> No. of months of TANF received: 35.4 (18th highest)
> Avg. TANF cash assistance per month: $270 (18th lowest)
Arizona’s state and local tax burden is significantly lower than the national average. It also spends less than the national average in a number of areas. When it comes to education, the state spends the third lowest amount per pupil in the country. On top of this, the Arizona Senate recently cut $200 million from K-12 education. The state also covers the smallest amount of weekly wages for the unemployed. Additionally, the average weekly unemployment benefit is
$213, the fourth lowest amount in the country.
10. Texas
> Average pension benefits: $18,828 (25th highest)
> Total per pupil spending: $8,540 (9th lowest)
> Medicaid payments per beneficiary: $4,667 (10th lowest)
> Pct. of weekly wages covered by unemployment benefits: 36.0% (21st lowest)
> No. of months of TANF received: 30.3 (22nd lowest)
> Avg. TANF cash assistance per month: $195 (6th lowest)
Texas provides among the lowest average amount in monthly cash assistance to families receiving TANF benefits. It has the tenth lowest amount in medicaid payments per beneficiary. It also spends the ninth lowest amount on education on a per pupil basis. Residents of the state have one of the lowest state and local tax burdens in the country, paying just 7.9% of their income. The state also has the fourth lowest cost of living in the nation.
9. Florida
> Average pension benefits: $19,777 (19th highest)
> Total per pupil spending: $8,760 (14th lowest)
> Medicaid payments per beneficiary: $4,574 (6th lowest)
> Pct. of weekly wages covered by unemployment benefits: 29.5% (9th lowest)
> No. of months of TANF received: 21.8 (9th lowest)
> Avg. TANF cash assistance per month: $233 (13th lowest)
Florida has one of the lowest per-beneficiary payout rates for Medicaid in the country. Conversely, it has one of the highest rates for Medicare, which aids those aged 65 years or older and is solely funded by the federal government. The state also provides relatively low unemployment benefits and TANF benefits.
8. Indiana
> Average pension benefits: $8,837 (the lowest)
> Total per pupil spending: $9,369 (17th lowest)
> Medicaid payments per beneficiary: $5,136 (18th lowest)
> Pct. of weekly wages covered by unemployment benefits: 40.1% (13th highest)
> No. of months of TANF received: 24.8 (13th lowest)
> Avg. TANF cash assistance per month: $203 (8th lowest)
The greatest detriment to Indiana’s ranking is its pension system. The average benefits for a public servant enrolled in the Indiana Public Employees’ Retirement Fund is $8,837, the lowest amount in the country. Although Indiana, unlike many states, strives to make its full pension payments each year, it keeps payments small. According to the New York Times, “An employee earning $30,000 a year retires after 25 years with an annual pension of less than $10,000.” The state also provides a relatively low amount in average monthly cash assistance for TANF beneficiaries. The cost of living in Indiana is, however, relatively low.
7. South Carolina
> Average pension benefits: $17,467 (19th lowest)
> Total per pupil spending: $9,277 (16th lowest)
> Medicaid payments per beneficiary: $4,658 (8th lowest)
> Pct. of weekly wages covered by unemployment benefits: 33.5% (16th lowest)
> No. of months of TANF received: 32.4 (20th highest)
> AAvg. TANF cash assistance per month: $172 (4th lowest)
South Carolina scores worse than average in every metric of generosity we looked at. The worst of these were Medicaid and cash assistance to the poor. South Carolina paid out just $4,658 per beneficiary last year for Medicaid, the eighth lowest amount in the U.S. Needy families received just $172 on average from TANF, the fourth lowest dollar amount in the country.
6. Arizona
> Average pension benefits: $19,056 (23rd highest)
> Total per pupil spending: $7,813 (3rd lowest)
> Medicaid payments per beneficiary: $4,701 (14th lowest)
> Pct. of weekly wages covered by unemployment benefits: 26.2% (the lowest)
> No. of months of TANF received: 35.4 (18th highest)
> Avg. TANF cash assistance per month: $270 (18th lowest)
Arizona’s state and local tax burden is significantly lower than the national average. It also spends less than the national average in a number of areas. When it comes to education, the state spends the third lowest amount per pupil in the country. On top of this, the Arizona Senate recently cut $200 million from K-12 education. The state also covers the smallest amount of weekly wages for the unemployed. Additionally, the average weekly unemployment benefit is
$213, the fourth lowest amount in the country.
5. Alabama
> Average pension benefits: $19,098 (22nd highest)
> Total per pupil spending: $8,870 (15th lowest)
> Medicaid payments per beneficiary: $3,931 (2nd lowest)
> Pct. of weekly wages covered by unemployment benefits: 27.7% (6th lowest)
> No. of months of TANF received: 30.8 (25th lowest)
> Avg. TANF cash assistance per month: $197 (7th lowest)
In Alabama, the average Medicaid beneficiary receives just $3,931 each year. This is the second lowest amount in the country. In contrast, New York pays more than double that, or $9,057 per patient. Acccording to the Missouri Economic Research and Information Center, the relative cost of health care in the state also happens to be the lowest in the country, lessening the need for public assistance in this area. The state also provides just $197 for the average needy family through TANF, the seventh-lowest payout in the U.S.
4. Oklahoma
> Average pension benefits: $15,215 (13th lowest)
> Total per pupil spending: $7,885 (4th lowest)
> Medicaid payments per beneficiary: $4,666 (9th lowest)
> Pct. of weekly wages covered by unemployment benefits: 39.2% (21st highest)
> No. of months of TANF received: 27.4 (18th lowest)
> Avg. TANF cash assistance per month: $189 (5th lowest)
Oklahoma spends the fourth smallest amount on education per pupil. It also pays the third least amount in employee benefits for those in the education system and the second least amount in teachers’ salaries to the number of students in the state. In addition to this, Oklahoma pays the fifth lowest amount in average monthly cash payments for TANF recipients and the ninth lowest amount in medicaid benefits for those enrolled in the program. Perhaps not surprising, the state has the second lowest cost of living in the country.
3. Idaho
> Average pension benefits: $16,088 (15th lowest)
> Total per pupil spending: $7,092 (2nd lowest)
> Medicaid payments per beneficiary: $5,685 (25th highest)
> Pct. of weekly wages covered by unemployment benefits: 39.3% (20th highest)
> No. of months of TANF received: 8 (the lowest)
> Avg. TANF cash assistance per month: $302 (22nd lowest)
The state of Idaho spends just over $7,000 per pupil in a given year. This is the second lowest rank in the country. Idaho provides below average cash assistance through TANF, and recipients only average eight months of eligibility, by far the shortest period in the U.S. As measured by the Census Bureau’s GINI coefficient, Idaho has the eighth best income equality in the country.
2. Tennessee
> Average pension benefits: $13,145 (6th lowest)
> Total per pupil spending: $7,897 (5th lowest)
> Medicaid payments per beneficiary: $4,687 (12th lowest)
> Pct. of weekly wages covered by unemployment benefits: 28.9% (7th lowest)
> No. of months of TANF received: 38 (13th highest)
> Avg. TANF cash assistance per month: $167 (3rd lowest)
Tennessee has the eleventh lowest per capita income in the country and state residents pay just $1,851 in taxes — the second lowest amount in the U.S. in state and local taxes. This means the state has one of the lowest tax burdens in the country. The state spends relatively little on education, unemployment benefits, TANF welfare benefits, and pension benefits. But Tennessee also has the lowest cost of living in the country.
1. Arkansas
> Average pension benefits: $12,009 (5th lowest)
> Total per pupil spending: $8,712 (11th lowest)
> Medicaid payments per beneficiary: $4,413 (4th lowest)
> Pct. of weekly wages covered by unemployment benefits: 41.1% (11th highest)
> No. of months of TANF received: 11.2 (2nd lowest)
> Avg. TANF cash assistance per month: $147 (the lowest)
Arkansas has the second lowest median household income in the country, at just $38,571. Despite this, the state is one of the least generous, especially when it comes to assistance for the poor. The state gives just $147 per TANF recipient, the lowest in the country. And the average poor family receiving cash assistance is only eligible for 11.2 months, the second shortest period in the U.S.
Charles B. Stockdale, Michael B. Sauter, Ashley C. Allen
> Average pension benefits: $19,098 (22nd highest)
> Total per pupil spending: $8,870 (15th lowest)
> Medicaid payments per beneficiary: $3,931 (2nd lowest)
> Pct. of weekly wages covered by unemployment benefits: 27.7% (6th lowest)
> No. of months of TANF received: 30.8 (25th lowest)
> Avg. TANF cash assistance per month: $197 (7th lowest)
In Alabama, the average Medicaid beneficiary receives just $3,931 each year. This is the second lowest amount in the country. In contrast, New York pays more than double that, or $9,057 per patient. Acccording to the Missouri Economic Research and Information Center, the relative cost of health care in the state also happens to be the lowest in the country, lessening the need for public assistance in this area. The state also provides just $197 for the average needy family through TANF, the seventh-lowest payout in the U.S.
4. Oklahoma
> Average pension benefits: $15,215 (13th lowest)
> Total per pupil spending: $7,885 (4th lowest)
> Medicaid payments per beneficiary: $4,666 (9th lowest)
> Pct. of weekly wages covered by unemployment benefits: 39.2% (21st highest)
> No. of months of TANF received: 27.4 (18th lowest)
> Avg. TANF cash assistance per month: $189 (5th lowest)
Oklahoma spends the fourth smallest amount on education per pupil. It also pays the third least amount in employee benefits for those in the education system and the second least amount in teachers’ salaries to the number of students in the state. In addition to this, Oklahoma pays the fifth lowest amount in average monthly cash payments for TANF recipients and the ninth lowest amount in medicaid benefits for those enrolled in the program. Perhaps not surprising, the state has the second lowest cost of living in the country.
3. Idaho
> Average pension benefits: $16,088 (15th lowest)
> Total per pupil spending: $7,092 (2nd lowest)
> Medicaid payments per beneficiary: $5,685 (25th highest)
> Pct. of weekly wages covered by unemployment benefits: 39.3% (20th highest)
> No. of months of TANF received: 8 (the lowest)
> Avg. TANF cash assistance per month: $302 (22nd lowest)
The state of Idaho spends just over $7,000 per pupil in a given year. This is the second lowest rank in the country. Idaho provides below average cash assistance through TANF, and recipients only average eight months of eligibility, by far the shortest period in the U.S. As measured by the Census Bureau’s GINI coefficient, Idaho has the eighth best income equality in the country.
2. Tennessee
> Average pension benefits: $13,145 (6th lowest)
> Total per pupil spending: $7,897 (5th lowest)
> Medicaid payments per beneficiary: $4,687 (12th lowest)
> Pct. of weekly wages covered by unemployment benefits: 28.9% (7th lowest)
> No. of months of TANF received: 38 (13th highest)
> Avg. TANF cash assistance per month: $167 (3rd lowest)
Tennessee has the eleventh lowest per capita income in the country and state residents pay just $1,851 in taxes — the second lowest amount in the U.S. in state and local taxes. This means the state has one of the lowest tax burdens in the country. The state spends relatively little on education, unemployment benefits, TANF welfare benefits, and pension benefits. But Tennessee also has the lowest cost of living in the country.
1. Arkansas
> Average pension benefits: $12,009 (5th lowest)
> Total per pupil spending: $8,712 (11th lowest)
> Medicaid payments per beneficiary: $4,413 (4th lowest)
> Pct. of weekly wages covered by unemployment benefits: 41.1% (11th highest)
> No. of months of TANF received: 11.2 (2nd lowest)
> Avg. TANF cash assistance per month: $147 (the lowest)
Arkansas has the second lowest median household income in the country, at just $38,571. Despite this, the state is one of the least generous, especially when it comes to assistance for the poor. The state gives just $147 per TANF recipient, the lowest in the country. And the average poor family receiving cash assistance is only eligible for 11.2 months, the second shortest period in the U.S.
Charles B. Stockdale, Michael B. Sauter, Ashley C. Allen
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