Unfunded liabilities of state public pension plans now tops $6 trillion, an increase of $433 billion from the previous year, according to a report from the American Legislative Exchange Council.
President Donald Trump reversed another eleventh-hour Obama administration regulation, rolling back Democrats’ effort to push private sector workers into state government retirement plans.
Rep. Jason Chaffetz (R., Utah) and Sen. Joni Ernst (R., Iowa) on Wednesday said they will re-introduce the Presidential Allowance Modernization Act later this month to curb the pensions of former presidents if they take outside income that exceeds $400,000.
Struggling public pension funds are refusing to take a stand on the outsourcing controversies that have arisen due to America’s corporate tax rates.
Your state may not be as fiscally solvent as politicians have led you to believe, according to a new report.
Several of the nation’s most imperiled pension funds have cut off investments to profitable weapons manufacturers in the midst of the controversial gun control debate.
Conservatives are calling for a total transformation of Illinois’ public pension system in the wake of Democratic Gov. Pat Quinn’s failure to reform the program, which is nearly $100 billion in debt.
Illinois lawmakers rejected Democratic Gov. Pat Quinn’s push for pension reform in the state’s lame duck sessions this week, leaving Illinois with nearly $100 billion in unpaid pension debt and the Democratic Party at odds with its labor base.
Republican vice presidential nominee Paul Ryan slammed President Barack Obama for the Auto Task Force’s treatment of nonunion workers who saw their pensions slashed by 70 percent, while their union coworkers lost no funds thanks to a $1 billion “top-off” by GM, during a rally in Sabina, Ohio, on Saturday.
The National Education Association (NEA) faces “staggering” pension problems due to years of unchecked benefits for its members, according to Hot Air.