Showing posts with label pension reform. Show all posts
Showing posts with label pension reform. Show all posts

Tuesday, May 26, 2015

It’s time to hit the panic button on pension reform

  Over the past 10 years, Alabama’s public retirement system has seen its liabilities overtake its assets by more than $15 billion. This means the system has only 66 cents for every dollar owed to current and future retirees.

  Worse still, the shortfall has been growing by $4 million each day that our elected officials fail to tackle three of the biggest contributors to the problem.