© 2026
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Scam Advisory: We have been made aware that an online entity is posing as Joe Donahue to invite authors and other creatives onto our radio shows. The scammers then attempt to charge guests an appearance fee for exposure/publicity.
Please note: WAMC does not charge guests to appear on the station and any email about appearing on a WAMC program will come from a wamc.org email address.

States Scaling Back Worker Pensions to Save Money

Money

State governments have long lured workers with the promise of lucrative pensions that provide nearly the pay in retirement that employees earned on the job. But after years of budget crunches, nearly every state has revamped public retirement benefits in an effort to shrink the long-term obligations that are billions of dollars short of what is needed to cover benefits.

The moves have triggered a legal and political battle over whether states are reneging on their promises to millions of public-sector workers.

Governors from Louisiana Republican Bobby Jindal to California Democrat Jerry Brown face intense opposition from labor groups, workers and even traditional political allies as they try to change pension rules. And some battles have shifted to the courts.

Copyright 2012 The Associated Press.  All Rights Reserved.