A look at the changing face of pensions

From the Detroit bankruptcy to a high-profile lawsuit against phone giant Verizon, pensions are in the news lately. With all the talk about pensions being frozen, or reduced, or bought out, we wanted to get kind of a “Pensions 101” perspective.Leslie Papke is a professor of economics here at MSU, and she spoke with Current State’s Melissa Benmark. They started out with some simple pension definitions.