Pelham: Credit rating downgrade highlights need for realistic teacher staffing ratios
To address the imbalances in the teachers pension fund, our political leaders must first start down the path of reasonable compromise with the NEA.
To address the imbalances in the teachers pension fund, our political leaders must first start down the path of reasonable compromise with the NEA.
The pension crisis is an issue has been simmering below the public radar for years. Although huge in its potential consequences, it has not received a lot of critical attention for a number of reasons.
The pension fund crisis estimated at about $4.5 billion in unfunded liabilities has worked its way into the budget talks currently playing out at the state capital.
In this episode of Vote for Vermont, co-hosts Pat McDonald and Ben Kinsley interview David Coates about the state pension crisis and how it may affect Vermonters, budgets and the state’s bond rating.
Under pressure from a few very large and politically powerful plans — including the United Mine Workers of America and the Central States Trucking Union — liberal lawmakers are seeking up to a hundredfold increase in taxpayer bailouts for private, union-run pension plans.