Battered by the coronavirus pandemic and low interest rates, public pension plans are headed for a record shortfall, posing risks to the living standards of millions of employees and retirees.
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Public Pensions’ New Inflation Dilemma
To signal its intent to let the economy run a wee bit “hot” after the recession’s end, seeking to restore full employment, the Federal Reserve has announced that it will fiddle with its inflation targets. It now calculates its trigger points over long periods, so it won’t hit the brakes prematurely at the first sign of inflation.
Committees discuss election, pensions, other issues | Opinion | messenger-inquirer.com
Before I give you a rundown of last week’s legislative activity, I want to highlight a recent news story that demonstrates how important it is to pass legislation that helps Kentuckians and addresses real, everyday issues.