Police departments have spent millions in overtime during protests

Jul 3, 2020
While activists call for redirecting police funding, overtime compensation can exceed cities' budgeted amounts. Sometimes officers are paid in comp time.
New York Police Department officers gather during a rally following the death of George Floyd on May 31, 2020, in New York City.
Justin Heiman/Getty Images

California communities see increases in pension costs

Feb 6, 2020
For every dollar the state's public agencies pay in wages this year, those employers will have to fork over 25 cents on average to CalPERS to cover retiree benefits.
Max Whittaker/Getty Images

An unintended consequence of the GOP tax law: bigger pensions for some

Jun 4, 2018
A decrease in the corporate tax rate gave companies more of an incentive to funnel money into defined-benefit pension plans.
There is a “considerable amount of concern that middle-income Americans are not saving enough for their retirement,” says Joseph Cordes of George Washington University.
PHILIPPE HUGUEN/AFP/Getty Images

Puerto Rico governor says to people in informal housing "It's time to go"

Apr 27, 2018
We check in with Gov. Ricardo Rosselló on housing, education, pensions, and who is actually in charge.
Puerto Rican Gov. Ricardo Rosselló in his office in San Juan in 2018.
Peter Balonon-Rosen/Marketplace

How America's retirement savings system needs to change

Sep 29, 2017
Putnam Investments' CEO has some ideas for making defined contribution plans more relevant.
Photo by Christopher Furlong/Getty Images

Americans just can't leave retirement savings alone

by
Feb 13, 2017
For each dollar saved, 40 cents is withdrawn. Social scientists have a solution.
TIMOTHY A. CLARY/AFP/Getty Images

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Chicago public schools face financial crisis

Oct 11, 2016
The school is reeling from funding cutbacks and mounting debts.
Chicago teachers picketing during a one-day strike in April. 
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In Japan, seniors are half of all welfare recipients

Aug 22, 2016
A growing number of seniors, and not enough workers, has put stress on pensions.
Elderly women choose vegetables from a vendor at a temple in Tokyo.
TORU YAMANAKA/AFP/Getty Images

States debut retirement funds as savings crisis looms

Jul 28, 2016
Connecticut and Maryland are the latest to pass bills creating their own investment tools
An elderly couple walk along a wooden walkway on vacation in Germany.
Sean Gallup/Getty Image