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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Public Retirees Want WY Lawmakers to Follow OK Lead on Inflation Adjustment

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Monday, October 5, 2020   

Correction: Vicki Swenson is the president of Wyoming Education Association-Retired, rather than the past president of Wyoming Education Association. (1:04 p.m. MST, Oct. 6, 2020)

CHEYENNE, Wyo. -- It's been 12 years since the pensions of Wyoming's retired public employees were adjusted for inflation.

Oklahoma's retired teachers, firefighters and others faced the same situation until this year, when advocates were able to convince legislators to pass a 4% cost-of-living increase for older retirees.

Sabra Tucker, executive director for the Oklahoma Retired Educators Association, said lawmakers decided to take action after learning people who dedicated their careers to public service could no longer afford their prescription medicines, or cover basic expenses.

"When you have an 80-year-old retired teacher with a master's degree tell you she's having to wear her coat in the house instead of turning up her heat because she can't afford to pay her heating bill, people are being impacted," Tucker observed.

Tucker said inflation adjustments are crucial to keeping retired public employees out of poverty, adding twelve years ago, you could fill a cart with groceries for less than $100, but that's not possible in 2020.

A Wyoming law currently requires public pensions to be 100% funded before any cost-of-living increases can be approved, but critics say that could take 30 years.

Vicki Swenson, former teacher and president of Wyoming Education Association-Retired, said because retirees spend every dollar they have, even a modest adjustment would boost the state's struggling economy.

In Wyoming, every dollar in pension benefits generates $1.22 in state and local economic activity.

"So not only would a pension inflation adjustment benefit the retirees, it would also benefit the communities," Swenson contended. "And that's especially important in this downturn in the economy."

Swenson said the Wyoming Retirement System is strong and well managed, boasting the lowest administration costs in the nation. In 2019, the $90 billion fund also saw returns of nearly 19%.

Swenson said she'll continue to work to educate lawmakers leading up to the next session, and encouraged others to join her.


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