Public school teachers and their supporters protest against a pension reform bill at the Kentucky State Capitol on April 2nd, 2018, in Frankfort, Kentucky.
University workers attend a rally outside the Scottish Parliament on March 8th, 2018, in Edinburgh, Scotland.
After a court ruling, Illinois' legacy of borrowing to cover public employee pensions landed a $2.2 billion problem in Chicago's lap. It won't be the last major city to struggle with this situation.
Millions of Californians—like many tens of millions throughout the country—lack adequate pension security to sustain them after their work lives end.
Teachers receive salary and pension benefits later in their careers, which works to the advantage of many, including the unions that lead them, but this rewards structure could be keeping lots of talented individuals out of the classrooms.
The three most important things to know about the Motor City's bankruptcy decision.
Why saving city budgets by moving to a 401(k) plan can only mean one thing.
Two new proposals look to greatly increase the number of people who have adequate retirement plans, one by encouraging workers to save and the other by requiring them to.