Senate Tees Up $200 Billion Social Security Giveaway to Public Sector Workers
The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.
The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.
Voters rejected Amendment 6, keeping court costs low and pushing lawmakers to fund law enforcement pensions responsibly.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
California has just 72 percent of the assets needed to make payments to retired public workers, many of whom get to collect six-figure annual payments.
Sweden reformed socialistic aspects of its pension system and introduced partial privatization.
Thanks to recent reforms, most government workers in Florida now enroll in less risky defined contribution plans.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Expect more strikes, fewer government services, and more tax increases to pay for pension obligations.
Plus: Should libertarians consider employing noble lies when pitching themselves to new potential voters?
DeSantis talks a lot about freedom but increasingly only applies it to those who agree with him.
The 2013 bankruptcy filing didn't make the city more prosperous, more functional, or less corrupt.
In California, officials are pushing pension funds to divest from fossil fuels, firearms manufacturers, and tobacco companies. Red states are retaliating. This is madness.
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
In the popular imagination, teachers are compensated terribly. What about in the real world?
Plus: Don't cry for the failure of Homeland Security's disinformation board, states discover supply-side solutions to labor shortages, and more...
"[P]olitics has no place in Kentucky's public pensions.... '[S]takeholder capitalism' and 'environmental, social, and governance' investment practices that introduce mixed motivations to investment decisions are inconsistent with Kentucky law governing fiduciary duties owed by investment management firms to Kentucky's public pension plans."
California, which offers some of the most generous pension benefits in the country to its public workers, apparently isn't paying them handsomely enough, the federal Department of Labor says.
Compared to pandemic employment shifts in other fields, law enforcement numbers are fairly stable.
The USPS has overpromised and undersaved for its employees' retirements—all while losing nearly $9.2 billion last year.
Rhode Island Gov. Gina Raimondo seems unlikely to double down on the past four years of economic foolishness at the Commerce Department.
The tax- and corruption-heavy state has lost a quarter-million people in the past decade.
Leasing state toll roads could provide the revenue states need to improve their balance sheets.
The Court has said almost nothing interesting about the Contract Clause this millennium, and in 2018 it continued to apply the Clause loosely.
The decision will make it harder for government employees to abuse and milk the state’s retirement systems.
The family of George Floyd probably won't be able to successfully sue Derek Chauvin in civil court because of qualified immunity, but they will help pay for the killer cop's retirement.
Yes, the Reason Roundtable podcast has gone quarantine-crazy.
With some investment returns likely falling as far as 15 percent, states are going to face a cumulative pension debt of between $1.5 trillion and $2 trillion by the end of the year.
Our most troubled state enters 2020 having lost residents for six years in a row.
The guiding principle for California policymakers seems to be: Tell everyone what they want to hear—or at least stick to the rosiest scenarios.
Chicago, Los Angeles, and New York City all have some easily identifiable management problems.
Mike Riggs talks with Illinois Policy Institute's Adam Schuster about how to fix the state's pension debt crisis.
The island's residents have had enough of a territorial government tainted by corruption and that is seemingly contemptuous of their daily struggles.
Phillip Brailsford was acquitted of murder for a shooting captured on video that subsequently drew national outrage. Now he's getting paid for it.
Voters will decide next year whether to impose it.
Last year, CalPERS issued 30,969 pensions checks worth $100,000 or more on an annualized basis—up from about 14,600 six-figure payouts in 2012.
Allison Schrager wants to change the way you take chances.
The laws governing public pensions allow for horrible people to collect government benefits.
One pension-spiking tool can be scaled back now, but the California Rule remains intact.
A candid picture of how investors see the slowly unfolding pension crisis
Why did the pension board go along with the scam? Probably because its members are current officers and retirees.
Riverside County Supervisor Jeff Hewitt delivers the L.P.'s prebuttal to tonight's SOTU, while the L.A. Times asks whether Hewitt can "make a fringe party mainstream."
The district's budget is broken, and the latest deal with the unions will make it worse.
"Public pension systems may be more vulnerable to an economic downturn than they have ever been."
They demanded higher salaries. The real problem: A disconnect between what teachers see in their paychecks and what employers are actually paying them.
America's highest paid public employee might win another college football national title, but he's also a good argument for pension reform.
Skyrocketing debt and pension obligations make for a tough labor environment.
Peter Suderman, Len Gilroy, and C. Boyden Gray diagnose the country's many fiscal woes, and offer some solutions, at Reason's 50th anniversary celebration.
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