Reforming MPSERS: The impact of issuing pension obligation bonds and extending debt payments

Governor Gretchen Whitmer and leaders of the GOP-led Michigan House and Senate have recently considered proposals to postpone making required principal and interest payments on the unfunded accrued actuarial liability (UAAL) of the Michigan Public School Employee Retirement System (MPSERS). For all variations of this idea, the immediate results of such actions would be the… Continue reading

New Release: Special Report on AI Damages, Part I

A new study from AEG’s Patrick L. Anderson shows AI and machine learning negligence pose serious economic risks. Problems can be identified and mitigated by implementing adequate “AI Audit” protocols. Few businesses are prepared for significant damages due to management complicity with bad AI applications AI Audit methodology proposed to safeguard organizations and individuals, limit… Continue reading

Healthcare Innovations in Georgia: Two Recommendations

This comprehensive report from Anderson Economic Group (AEG) includes recommendations to innovate healthcare programs for the State of Georgia. These proposals would decrease the number of uninsured, reduce healthcare costs for millions, and improve quality in a patient-centered system. The report, entitled Healthcare Innovations in Georgia: Two Recommendations, was undertaken to determine if Georgia could… Continue reading

The AndCan™ Index: 2019 Benchmark Update

The AndCan™ Index represents consumer demand for legal cannabis products for all 50 states in the United States. The index has been produced by Anderson Economic Group since 2017, using a rigorous methodology based on fundamentals of consumer demand. This AndCan Index: 2019 Benchmark Revision is the first benchmark revision since the original publication of… Continue reading

January: Cristina Benton’s monthly commentary on the employment report

In the latest employment report, the unemployment rate ticked upward 0.1 percentage points to 4.0 percent in January. Despite the 35-day government shutdown, most federal employees were counted as employed during the period due to receiving pay during the January 12th survey week. The Latino unemployment rate edged up to 4.9 percent in January, while… Continue reading

Illinois Downstate Pension Fund Consolidation: Costs and Savings from Consolidating Police and Fire Pension Funds

In Illinois, retirement benefits are provided to police officers and firefighters through local pension funds. The funds are regulated by state law, and managed by local boards of trustees. As of the end of fiscal year 2017, there were 643 pension funds for police officers and firefighters in Illinois. Policymakers over the last several years… Continue reading

America’s Urban Campus: The Economic, Social, and Cultural Contribution of Chicago’s Colleges and Universities

America’s Urban Campus (AUC) is a consortium of all major colleges and universities in the city of Chicago, including at the time of this report 22 institutions spanning from City Colleges to the School of the Art Institute to the University of Chicago. AUC retained Anderson Economic Group to analyze and provide a report on… Continue reading

The Economic Benefits of the Grand River Waterway

 

October: Cristina Benton’s monthly commentary on the employment report

 

Oregon Public Sector Workforce Issues: The Cost of Employee Replacement and Evidence of a Labor Shortage