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. Read More
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. Read More
Our nation’s pension systems are in trouble. Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible. Read More
State Rep. Thomas Albert, R-Lowell, sponsored a proposal on April 30 to update the assumptions for state employees, police, judge and public school employee pensions (MPSERS). Read More