Stay updated with breaking news from Jim voytko. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
MONTPELIER â It was ideas they wanted, and ideas they got. The Vermont House Government Operations Committee, continuing its work on addressing the state pension systemâs multi-billion dollar unfunded liability, heard proposals from committee members, as well as from fellow House members and the Vermont State Employees Association (VSEA). The discussion followed days of reactions from stakeholders and experts, and two public hearings in which the committeeâs initial proposal to close the underfunding gap and adjust governance was blasted by enrolled employees. That proposal, a starting point for discussions, suggested reductions in cost of living adjustments and increases in employee contributions and years worked for eligibility in the system, as a means of cutting the fundsâ nearly $3 billion unfunded liability. Those changes are not popular with teachers and state employees, and the Vermont State Employees Association is planning demonstrations t ....
Ideas flow in on alternatives to initial pension reform plan benningtonbanner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benningtonbanner.com Daily Mail and Mail on Sunday newspapers.
The State Teachers Retirement System of Ohio is getting three independent audits in 2021. Two audits come from the Ohio Retirement Study Council, which advises state lawmakers on all five public pension systems. The third audit, however, is sponsored by a group of retired teachers who say Ohio is mismanaging the pension fund while disseminating false and misleading information to stakeholders. The Ohio Retired Teachers Association raised $75,000 for a deep dive into the pension fund s management, Dean Dennis said. STRS is supposedly doing well but retirees haven t had a cost of living increase in years. It s time, Dennis said, to find out why. ....
Ohio retired teacher group pays for outside audit of STRS dispatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dispatch.com Daily Mail and Mail on Sunday newspapers.
Damschroder: Ohio teachers pension mauled by Panda John Damschroder The Ohio Retirement Study Council (ORSC) revived oversight theater, a suit and tie simulation of supervising the $200 billion state pensions. In the first act, ORSC started the process for fiduciary audits of the teachers and police and fire pensions a mere five years after their legal deadline. Meanwhile, the New York State Common Retirement Fund showed the enormous power pensions wield, in a further embarrassment to Ohio. The New York pension forced FirstEnergy to disclose direct and indirect political spending along with lobbying expenses, twice a year, to keep the pension from putting the proposal to a shareholders vote. Thus, the company on the receiving end of a billion dollar Ohio Statehouse bailout the U.S. Department of Justice alleges passed with the help of $60 million in political bribes has reform imposed from New York rather than Ohio. ....