The intractable problem of underfunded pensions

The intractable problem of underfunded pensions

The announcement in January by State Treasurer Beth Pearce that the state pension funds for teachers and state employees were grossly underfunded and that action had to be taken to make the plans sustainable alarmed all Vermonters, but most especially teachers and state employees who are counting on those funds for their retirement.

Crossing over

Crossing over

Over the weekend, I was able to watch a Zoom broadcast of a “Bridging” ceremony for my grandson Guthrie and his Cub Scout den. The ceremony marks the passage of a Webelos Cub Scout to a Boy Scout troop (Scouts BSA).

Back in session

Back in session

The Vermont Legislature returned virtually to Montpelier last week to complete the work of developing a budget for the last three quarters of fiscal year 2021. While this is our primary objective, we are not ignoring other important issues that require our attention. The pandemic continues to require making adjustments, and there are a number of issues that can’t be shunted aside while we wait for a return to “normal.”