By Marguerite Roza, includes “… Lawmakers can’t make lost assets reappear. But they can take a step that will reduce future losses and protect pensions: make any near-term teacher raises non-pensionable. Such a step could save governments billions. … In every recession over the last 20 years, pension systems never recovered their fiscal health. The result: states and districts had less money to invest in teachers and students. This time, lawmakers could change that ending, by harnessing the moment to make decisions now that reduce the financial pain later.”
Read the full article on: Forbes