News
Virginia retirement program triples in size
7+ hour, 21+ min ago (406+ words) (The Center Square) – Virginia’s state-run retirement savings program has nearly tripled in size since fiscal year 2024, according to a new legislative oversight report. The Joint Legislative Audit and Review Commission found RetirePath Virginia had 24,844 retirement accounts holding $27.3 million in assets…...
California could be impacted by Social Security insolvency
6+ day, 4+ hour ago (650+ words) (The Center Square) – The trusts that fund Social Security benefits for retired seniors, survivors and people with disabilities face insolvency in the next six years, according to a report from the U.S. Social Security Administration. Those affected could include seniors…...
Virginia pension plans remain on track, audit finds
1+ week, 9+ hour ago (225+ words) (The Center Square) – Virginia Retirement System officials told lawmakers Monday the agency’s state employee and teacher pension plans remain on track to reach about 90% funding by 2030, while a required actuarial audit found the system’s funding methods and contribution calculations to…...
WA pension investments continue to perform above expectations
2+ week, 5+ hour ago (352+ words) The Washington State Capitol dome, Dec. 4, 2025. (The Center Square) -- The Washington state pension investment fund continues to perform above assumed returns, though pension analysts and the Washington State Investment Board urge caution into reading too much into those results. “It’s…...
WATCH: Washington state ordered to repay $120 million in skimmed teacher pension funds
2+ week, 2+ hour ago (650+ words) Questions Raised Over State Pension Accounting (The Center Square) - More than 26,000 Washington state public school teachers finally won a decades long class action lawsuit last week, in a fight over their retirement accounts. Thurston County Superior Court entered a final…...
Poll: 96% want Senate candidates to address Social Security cuts
2+ week, 2+ day ago (515+ words) (The Center Square) – Ninety-six percent of voters want Senate candidates to explain how they'll prevent an automatic 22% Social Security benefit cut for 70 million Americans, a new poll finds, as the program's trust fund moves toward a 2032 deadline. A poll by…...
Senator pushes $1.5T fix as Social Security's 2032 deadline closes
2+ week, 5+ day ago (800+ words) (The Center Square) – More than 70 million Americans face an automatic 22% cut to Social Security benefits in 2032 if Congress doesn't act, and a bipartisan Senate proposal to address the shortfall has yet to be introduced as legislation. U.S. Sen. Bill Cassidy,…...
Report: Eight Michigan counties among most vulnerable to Social Security cuts
3+ week, 9+ hour ago (627+ words) (The Center Square) – More than one in five Michigan residents could see their Social Security benefits reduced by 2032 if Congress fails to address the program's looming insolvency. This is according to a new report from the Committee for a Responsible…...
Report: More than 1M Minnesotans could face Social Security cuts by 2032
3+ week, 4+ day ago (533+ words) (The Center Square) – More than 1 million Minnesotans could see their Social Security benefits reduced by 2032 if Congress fails to address the program's looming insolvency. This is according to a new report from the Committee for a Responsible Federal Budget. The…...
EXCLUSIVE: Social Security reform imperative to avoid 34% tax hike, insolvency by 2032
3+ week, 4+ day ago (600+ words) (The Center Square) – Policymakers must return Social Security to its original intent in order to avoid massive tax hikes and insolvency, especially in light of a nation burdened by debt, a memo released by a nonprofit on the 2026 Social Security…...