Michigan has seen a huge spike in teacher retirements during the past year, with many of those teachers citing COVID-19 restrictions as the reason for calling it quits.
“From August through February, there was a 44 percent increase in midyear retirements compared with the same period in 2019-2020 as 749 teachers left public school classrooms in the middle of the school year, state data show,” Crain’s Business Detroit reported.
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Following a year in which stock markets posted healthy gains, the organization running Ohio’s public employee benefits is cutting back — a lot.
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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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