Commentary: Vermont Pensioners Take Their Money Elsewhere
If I give you $100, and you spend it in Wyoming, how does that help the Vermont economy? Answer: it doesn’t.
Commentary: Vermont’s Unfunded Liabilities Aren’t Just Pensions
When we talk about Vermont’s nearly $6 billion unfunded liability, most of us think about the teachers’ and state employees’ pensions. But these two giant liabilities only account... Read more
Commentary: Stopping the Bleeding with Pension Reform
A dozen years ago, a Vermont pension reform committee recommended that the state look into switching the way it structures its pension plans for new hires in the future.