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Guest editorial: Legislature resists kicking pension plan down the road


Thu, 04/01/2021 - 11:17am
meganj
By: 
Emerson Lynn
The Legislature has before it at long last a proposal to address the solvency of the state’s pension system. There is nothing in the proposal for anyone to like. It’s full of pain and regret and expense. It’s the embodiment of what happens when a problem is recognized but its solution is deferred. For decades.
The proposal unveiled by the House Government Operations committee essentially follows the recommendation by state Treasurer Beth Pearce, who said in January there was little choice but to ask retirees to work longer, pay more, and to receive less in retirement. With $5.6 billion in unfunded liabilities, she said Vermont’s pensions are in a state of crisis. ....

New York , United States , Don Tinney , Beth Pearce , House Government Operations , Treasurer Beth Pearce , Pension Fund Integrity , Public Pension Performance , Ten Worst Performing Pension Funds , New England , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , தாதா டின்னி , பெத் பியர்ஸ் , வீடு அரசு செயல்பாடுகள் , பொருளாளர் பெத் பியர்ஸ் , ஓய்வூதியம் நிதி நேர்மை , பொது ஓய்வூதியம் செயல்திறன் , பத்து மோசமான நிகழ்த்துகிறது ஓய்வூதியம் நிதி , புதியது இங்கிலாந்து ,

Democrats Pledge To Fight Rule Ensuring Banks Serve Conservatives


January 19, 2021
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017. ....

United States , Arctic National Wildlife Refuge , Richard Brower , Jerome Powell , Richard Lipsey , Jimmy Carter , Arctic Citigroup , Dwight Eisenhower , Lisa Murkowski , Bryan Hubbard , Greg Baer , Sierra Club , York City Fire Department Pension Fund , Federal Reserve , Institute For Pension Fund Integrity , Senate Democrats , Fair Access To Financial Services Rule , Bank Policy Institute , Office Of The Comptroller , Wells Fargo , Alaska National Interest Lands Conservation , Fair Access , Financial Services Rule , President Trump , Federal Register , Congressional Review ,