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An organization representing Louisiana's retired state employees on Thursday challenged Gov. Bobby Jindal's new pension plan for future rank-and-file state workers.
Newly hired Michigan public school employees would pay more for their pensions and no longer receive state-provided health coverage in retirement under legislation approved Wednesday and headed to Republican Gov. Rick Snyder's desk.
Illinois Gov. Pat Quinn insists lawmakers can fix the state's most urgent financial problem by passing a major pension overhaul in a single day, but he seems to be the only leader convinced it can be done so quickly.
Boston College researchers say states are well within their rights to amend public employee pension benefits as they see fit, as retirement promises may not be as iron-clad as first thought.
Indiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term economic trends outlined for lawmakers Tuesday.
Indiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term economic trends outlined for lawmakers Tuesday.
Republican Paul Ryan's blueprint for Medicare could prove as polarizing in the campaign as President Barack Obama's health care overhaul has been. Even Mitt Romney may not want to go there.
The House Speaker expects South Carolina to be sued over a panel's decision to disregard the state budget and increase employees' health insurance costs anyway.
State-administered defined benefit retirement systems saw a 14.6 percent increase in cash and investment holdings from 2010 to 2011, but their pension obligations also increased.