Designed as a comprehensive overview of public sector compensation, the book addresses strategies for change, with the author warning that failure of the profession to address this issue will ultimately lead to citizens taking matters in their own hands. The author's issues-oriented approach addresses his core message-that the escalation of public sector compensation is impacting the ability of government to meet its core responsibility and the failure of government to address this has serious consequences. Not just a critique, the book presents context, analysis, and suggestions for reform.Read More Table of Contents
"This provocative analysis documents mutation away from ideals of governmental service devoted to public interests into a political culture of public employment in principal pursuit of self interests..."
- Chester A. Newland
Emeritus Duggan Distinguished Professor of Public Administration, University of Southern California; and Former Director, Federal Executive Institute
"Key policy makers and individuals would be remiss not to include a detailed review of the public sector in the Nation’s debate about compensation and the financial crisis. Thom Reilly’s thoughtful analysis of the shift in culture and compensation in the public sector reveals nuances that only a long-standing, executive-level civil servant could provide..."
- Heather H. Murren, CFA
Former Commissioner Financial Crisis Inquiry Commission
SACRAMENTO -- Union leaders grumbled this week when Gov. Jerry Brown released a compromise deal with Democrats to scale back pension benefits for the state's public employees, but it was far less than a resounding victory for the Democratic governor...
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NEW YORK (CNNMoney) - Pensions and other retirement benefits have become a multi-trillion-dollar black hole for state and local government budgets, sparking fierce battles between elected officials and voters on one side and public sector unions on the other...
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In 2007, the stock market started a slow decline and reached a floor early in 2009 before it began to reverse itself. This negative cycle had catastrophic effects on housing markets, employment, and every other economic engine that churned capitalism around the world...
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The current fiscal crises in the United States and Europe have revealed many problem areas on national balance sheets. Failing bond markets, economic bubbles, lack of consumer confidence, and other topics have dominated the news since the global downturn began in earnest in 2008...
More from The Nevada Review
Reilly, T. (In Press). Comparing Public-Versus-Private Sector Pay and Benefits: Examining Lifetime Compensation. Public Personnel Management.
Reilly, T. (2013). Rethinking The Role of the Profession on Public Sector Compensation. Public Administration Review ,(73) 1, 8-9.
Reilly, T. (2013). Reforming Public Pay and Benefits. State and Local Government Review, 45 (1), 57-64.
Reilly, T. (2012). Public Pensions and Retiree Health Care in Nevada: An Analysis. The Nevada Review Journal, (4) 2, 3-28.
Reilly, T., and Reed, M. (2011). Budget Shortfalls, Employee Compensation and Collective Bargaining in Local Governments. State and Local Government Review. 43 (3), 215- 223.
Reilly, T., Schoener, S. & Bolin, A. (2007). Public Sector Compensation in Local Governments: An Analysis. Review of Public Personnel Administration, 27 (1), 39 -58.
Officials from Nevada’s Public Employees Retirement System recently announced that the system saw a 12.4 percent increase in value in the fiscal year that ended June 30, beating its 8 percent goal...
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Nevada's pension system is one of the most generous public employee retirement plans in the nation...
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It is of little surprise that the Comprehensive Pension Reform (CPR) initiative (which replaces guaranteed pensions for most city workers with a 401(k)-style plan, freezes base pay for city workers and removes special pay from counting toward pension calculations) is appearing on the June ballot in San Diego and garnering a good deal of citizen support...
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My years in both state and local government have made me a passionate non-partisan. I stand before you today believing very strongly that the policies and financial issues surrounding public pay and benefits are bipartisan issues and the failure to make needed reforms will have a profound impact on the ability of state and local government to function effectively...
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June 21, 2012 - A broken system...
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In Thom's new edited volume entitled Pensions: Policies, New Reforms and Current Challenges (Nova Publishers, Inc) , pensions are explored from a global perspective and consists of notable international scholars from Brazil, China, Greece, Ireland, Kenya, India, United Kingdom and the United States . The book is scheduled to be released in 2014.