Pay Attention to Public Pensions
With state legislatures holding special session to address pension reform, SBS helps you stay up to date with the latest information on our Pensions Section and The Williams Report - Pensions. Read Frank Keegan's latest column "Chump public workers still feeding pension thieves." The Fed is also taking notice. Read "Fed screams softly in warning about public pension crisis."
Michigan's legislature just held a special session to address public school teachers' pensions. Illinois is also having a one-day special session to consider pension reform. Read additional Frank Keegan commentary on the issue.
SBS's research study "Public Sector Pensions: How Well Funded Are They, Really?" showed that the public employee pension plan is only 41 percent funded while total unfunded liabilities as of 2011 are at least $4.6 trillion. Another ecent research study showing that public pension funds undertake more risk if they are underfunded, and read some of the solutions and proposed reforms.