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In five years, the cost to taxpayers for Rhode Island's public retirement system will more than double if nothing is done to curb runaway pension costs.
Rhode Island lawmakers waded into state government's most dizzying fiscal problem Monday ahead of a special legislative session dedicated to addressing the rising costs of public pensions.
Pension shortfalls will be exacerbated by underestimating life expectancies, according to a report by Swiss Re. An essential element to preparing for longevity risk, the reinsurer found, is to develop better predictive methods for determining mortality.
In the early days of the Obama administration, organized labor had grand visions of pushing through a sweeping agenda that would help boost sagging membership and help revive union strength.
An AP story this week about a superintendent who forfeited thousands in pay and retirement benefits is a refreshing lesson for officials to put entitlement arguments aside. Weve got a crisis to get through.
When students return Thursday for the first day of school across Wisconsin, many familiar faces will be gone, as teachers chose retirement over coming back in the wake of a new law that forces them to pay more for benefits while taking away most of their collective bargaining rights.
A key legislative committee approved a bill Thursday to give state regulators the power to reject proposed health insurance rate increases, but the measure faces a stiff fight on the California Senate floor.
As the nation tightens its budget belt, the century-old military retirement system has come under attack as unaffordable, unfair to some who serve and overly generous compared with civilian benefits.