Public pension plans have ridden rising stock markets to their highest asset values ever. Yet, rising assets have not made much of a dent in the long-term unfunded debt. How could this be?
A new report from the National Institute on Retirement Security claims that state, local, federal, and private pensions contribute $555 billion to the American economy's GDP. But pensions don't actually contribute to GDP.
The Census Bureau’s latest Public Education Finances Report is out, and it shows that employee benefits continue to take on a rising share of district expenditures.