Some states with well-managed pension plans can continue providing benefits as long as they are disciplined, but many states can't continue with the status quo. Here are five truths about state and local pensions.
An increasingly growing list of pension abuses in Illinois unfairly boosts taxpayer costs while the state's public pension system is breaking down and the overall economy is ailing.
Why should elected officials receive a pension at all? Service in elected office should be temporary, not a career.
Ladies and gentlemen of the Preoccupied movement, allow me to redirect your attention to another location, because Wall Street is getting stale (word ...
DALLAS -- Double-dipping – the well-established practice of public workers collecting government pensions and salaries at the same time – ...
First came the pay freezes and unpaid furloughs. Then came the higher contributions for health insurance. Now, in the most definitive sign yet that th...
As the financial obligations and access to capital for states and cities is debated one remedy has already been taken almost universally–cost cuts. ...
WASHINGTON (Lisa Lambert) - U.S. states are short $1.26 trillion in paying for public employee pensions and other retirement benefits, a gap that ...
WASHINGTON -- In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 bi...
From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits fo...
For decades, public employees have had pension plans identical to those provided by most large American companies. These are defined benefit plans tha...
(This post has been updated.) In response to the massive pension obligations owed to soon-to-retire baby boomers, at least 10 states have voted to ...
HARRISBURG, Pa. ( BY MARK SCOLFORO, AP) -- States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion ...
Nearly 4,000 retired government workers have pensions that pay them at least $100,000 a year....
