large groups have joined together to protect Vermont’s public pension system from significant changes. But
AARP-Vermont and the state’s Teachers Association say some changes to the current system are needed.
Vermont’s pension funds have
been battered by investment losses. So the state will need to increase funding for
its state employees’ and teachers’ retirement systems by more than $31 million next year to keep them in good shape.
Bear Stearns sells off at record-low prices, the
Fed slashes rates, and yet again there’s talk of a recession. As U.S. economic woes continue to pile up, State Treasurer Jeb
Spaulding talks with us about how Vermont fits into this picture, and what the state is doing to
protect shared assets.