pension Archives - The Virginia Star

Report: Virginia Ranks ‘Best State for Teachers’

September 20, 2023September 19, 2023 The Center Square

Virginia is 2023’s best state for teachers, according to a study conducted by personal finance website WalletHub.

WalletHub ranked states by 24 weighted metrics in two major categories: Opportunity and competition and academic and work environment. Virginia placed first for the former and eleventh for the latter, but opportunity and competition was weighted more than twice as heavily as academic and work environment because “competitive salaries and job security are integral to a well-balanced personal and professional life,” according to the study.

Missouri Considers Pension Changes to Solve Teacher Shortage

January 29, 2022January 28, 2022 The Center Square

Man standing in front of a room, giving a lecture with a presentation

Legislators are considering changes to Missouri’s teacher and non-certified school employee pension plans to alleviate pandemic-related teacher and staff shortages.

HB2114, sponsored by Rep. Rusty Black, R-Chillicothe, will reduce restrictions on pensions if a retired public school teacher returns to the classroom or to a non-teaching position in a public school. The legislation also increases from two to four years the length of time a retired teacher or retired non-certified public school employee can work while still receiving their pension.

During testimony before the House pensions committee, Rep. Black, the committee vice chairman, said similar legislation was passed by the House and died in the Senate last year as the legislative session ended in May. He said the legislation simplifies and improves the amount retirees can earn before their pensions are restricted.

Despite Resigning in Disgrace, Cuomo Stands to Collect Substantial Pension

August 19, 2021August 18, 2021 The Center Square

A majority of New York lawmakers were ready to remove Gov. Andrew Cuomo from office over misconduct allegations, a removal that was only averted by his resignation. But despite the near-universal condemnation of his actions as governor, Cuomo still stands to earn a substantial pension from taxpayers for his time in office.

News reports this week indicate that Cuomo has filed for his pension as the date when he has promised to resign, Aug, 24, draws near.

Public Pension Liabilities Are Becoming Public Threats

September 21, 2018September 20, 2018 Admin

by Ted Yanez In most states, people tend to worry about things like education or the economy. In Oregon, public pensions are suddenly at the forefront of political discussions. Why? Because the Public Employees Retirement System (PERS) in Oregon is more than $25 billion in the hole. Of course,…