Our nation’s pension systems are in trouble. Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible.
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More than 85,000 coal miner retirees and 20,000 working miners are at risk of losing all or part of their pension by 2022 if more coal companies declare bankruptcy. Within the next four years, a handful of major coal-fired power plants in the Ohio Valley are expected to shut…
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by Ted Yanez In most states, people tend to worry about things like education or the economy. In Oregon, public pensions are suddenly at the forefront of political discussions. Why? Because the Public Employees Retirement System (PERS) in Oregon is more than $25 billion in the hole. Of course,…
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