John Klar: Are Vermont’s state pensions safe?

Pensions benefits and costs will rise, even though assets are down $251 million. Given the election results, Vermont’s state bureaucracy is now in the full veto-proof grip of “smoothing-talker” progressives, who can take full credit and responsibility for “fixing” the state pensions.

John Klar: Vermont’s ongoing pension saga

Vermont finally undertook to shore up its underfunded, overpromising pensions system in Act 114. Unfortunately, vulnerabilities have exposed the pensions system to a profound blow in the recent stock market slide — the Act 114 “fix” will not come close to fixing this problem.