Economy

States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows

(The Center Square) – Unfunded state debt for things like retired public employees health care coverage continues to balloon to an unsustainable level, according to a new report. The American… Read More

Biden administration

Critics: Taxpayers on hook for Biden’s bailout of union pensions

(The Center Square) – President Joe Biden on Wednesday touted a federal program to delay insolvency for private unions’ pension funds, but critics say taxpayer dollars should not be used… Read More

Public Education

Unfunded state pension liabilities grow to $8.28 trillion nationwide

(The Center Square) – Unfunded state pension liabilities have climbed to $8.28 trillion, or nearly $25,000 for every person in the United States, according to a new report from the American Legislative… Read More

Public Education

New law borrows $1 billion to extend pension buyout option for Illinois state employees, including educators

(The Center Square) – Gov. J.B. Pritzker signed into law Thursday a measure that borrows $1 billion to extend the existing pension buyout program for Illinois state employees for… Read More

State Government

Missouri considers pension changes to solve teacher shortage

(The Center Square) – Legislators are considering changes to Missouri’s teacher and non-certified school employee pension plans to alleviate pandemic-related teacher and staff shortages. HB2114, sponsored by… Read More