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Population aging and state pensions in New England
This Research Report analyzes the features of the New England state pension plans in the context of the region's changing demographic environment. The first section of the report documents key demographic developments: the aging of the Baby Boom generation and increasing life expectancies. Key features of the primary state pension plan in each New England state are then compared, focusing in particular on the age-specific characteristics of the plans. A third section analyzes the labor market implications of the plans' formulas, such as how they apply to workers choosing retirement at ...
The struggle for tax reform in Maine, 2003-2009
Tax reform has been among the most prominent topics of public policy discussion in Maine in recent history. The current tax system has been described as antiquated, imbalanced, burdensome, unfair, uncompetitive, archaic, and volatile. Over the 2003-2009 period, many reform proposals were advanced; and some reforms were enacted, including a significant restructuring of the income tax system in 2009. This paper lays out the issues motivating tax reform efforts in Maine, provides a historical review of the tax reform struggle as it has unfolded, and offers a descriptive summary of the major ...