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.
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.
The Libertarian Party State of the Union: 'Americans deserve better' than 'Republicans and Democrats careen[ing] toward socialism and fascism'
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.
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.
"We have a legal and moral obligation to provide and deliver on the promises that have been made," says Gov. Matt Bevin, who called the session Monday.
A heavily abused program breaks the limits of what the IRS allows, leaving taxpayers even further on the hook.
Rahm Emanuel wants pot legalization and a casino so the city can grab more taxes for its pension debts.
The L.P.'s biggest 2018 winner wants to tackle California's public sector pension crisis head-on
The Windy City is bleeding population. A commuter tax is most certainly not going to help.
Lawsuit says California pension agency withholds crucial data.
Public Sector Unions Win Big at the California Supreme Court in Getting San Diego Pension Reforms Overturned
California citizens must now meet and confer with union bosses before qualifying any compensation-related initiatives for the ballot.
Cash-in on a controversial, costly program from city's new top cop.
From occupational licensing reform to legalizing beer-drinking on stage, elected Libertarians are doing some pretty interesting things
Rising benefits costs and a bloated administration is putting Los Angeles' schools deep in the red.
A bill would allow some officials retroactive access to potentially 10 years of pension payments. Guess who would be on the hook for it?
Pensions, Administrative Bloat, and the Success of Charter Schools Are Driving the Los Angeles Public School System Towards Insolvency
The school district points fingers at charter schools instead of trying to slim down and compete, a new report says.
But he's leaving office without really addressing the state's massive public retirement problem.