State Pension

Government Workers Aren't Living Large

Though the media often reports on eye-popping salaries of government officials, such as school superintendents and other political appointees, most public-sector workers don't do nearly as well. Typically, they earn about 6% less than workers in the private sector.

BP's Oil Spill Is Fouling Public Pension Funds

The drop in BP's share price has erased more than $1.4 billion in fund value at 42 state retirement accounts. This comes at a time when pension funds are still struggling to recover from last year's market losses.