Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Crom Carmichael to the studio to discuss two articles citing California’s bad government and Chinese infiltration.
Read MoreTag: pension
Commentary: Senators Grassley and Alexander Tackle Projected Union Pension Collapse
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.
Read MoreAlmost 100,000 Coal Miners at Risk of Losing All or Part of Pension by 2022
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…
Read MorePublic Pension Liabilities Are Becoming Public Threats
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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