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The Government Accounting Standards Board gave its preliminary approval Wednesday to new standards that would force greater transparency in the accounting of health care obligations to government retirees.
As noted a while back here, Dave Sirota at Pando Daily is all over Chris Christie's dubious maneuverings with the pension money owed to New Jersey's public employees. He's all over it like stupid on Louie Gohmert, Dave is.
The Urban Institute, a left-of-center think tank, has released a state-by-state survey of the state of public pensions, and the results are not good for younger workers in Colorado's civil service.
Mayor Rahm Emanuel on Monday sounded more hopeful than ever that Gov. Pat Quinn will sign a pension reform bill that sets the stage for a $250 million property tax increase over five years.
As Governor Chris Christie breaks a pledge to bolster New Jersey's underfunded public-employee pension system, retirement-plan overseers elsewhere in the U.S. are taking steps to pare their shortfalls.
With unfunded liabilities on government pensions somewhere between $11.5 billion and $44.1 billion, the Legislature watered down and passed a bill that took small steps at reform.
Tennessee Gov. Bill Haslam signed legislation on Wednesday that will require some local governments in the state to increase contributions to their pension funds.
Like my parents, millions of retirees count on their pension benefits to meet their basic needs. Public employees, like teachers, firefighters and police officers, have earned their retirement. They, like others have paid into the system over a lifetime of hard work and now rely on the pensions they've been promised to retire with dignity.
