California State Agency Effort to Nullify Pension Vote Is Eerily Totalitarian
A union-controlled state agency trying to overturn a citizen initiative passed in San Diego has finally been rebuffed in court.
Pensions
Can Public Workers Get Pension Benefits Without Actually Working? California Supreme Court Will Decide
California Supreme Court accepts appeal to lower court ruling that stopped workers from padding their pensions by an extra five years of service time.
2 Numbers That Show How Screwed Chicago's Pension Plans Are
Collecting $99 million and paying out $999 million in a single year is not a formula for success.
In His Last Budget, Christie Continues to Show What Not to Do With Pensions
Christie gets half-credit for doing more than any of his predecessors, but his efforts reveal just how daunting the state's pension crisis really is.
We Can't Find Out How Much Retired Federal Workers Get Paid, and That's a Problem
What's retired IRS chief Lois Lerner's pension? No one, besides Lerner, knows. Adam Andrzejewski and Rep. Ron DeSantis want to find out.
Chance the Rapper Million Dollar Chicago Public Schools Donation Going to Specific Schools
Chicago Public Schools looking for more money from state
Dallas Is About To Go Broke
Detroit's pension bankruptcy may not have been a special case after all.
California Teachers' Pension System Lowers Projection, Potentially Tripling What Taxpayers Will Owe
And how baseball can explain complicated pension math.
California Mayor Says There's 'No Rational Justification' For City's Six-Figure Pensions
But there's not much he can do to change it, because the city signed off on the benefits in collective bargaining agreements. It's a common story.
Illinois Hoping Citizens Drink State's Debts Away with Statewide Soda Tax
Skyrocketing costs, financial crisis make the Land of Lincoln very thirsty.
Public Workers Can Get Pensions Only for Time They Actually Worked, Court Rules
Before 2011 reforms, state workers could purchase an additional five years of service time to boost pension payouts and retire earlier.
Dallas Mayor Wants Someone to go to Jail Over Pension Disaster
The Texas Rangers (and possibly the FBI) are on it, but maybe we should consider a broader definition of pension crime?
Retired City Manager Gets $216,000 Pension in City Where Average Family Makes $32,000
Out of whack public pension systems essentially are functioning as massive wealth transfer programs, taking from the poor and giving to the rich.
Can States Reduce Unreasonable Pensions? California Supreme Court Will Review
The 'California Rule' is a staple of public sector retirement systems, but could this be its undoing? Many states and cities should hope so.
CalPERS Staff Nudges Board To Consider Lower Return Rates
Likely to lower its expected rate of returns on investments, forcing cities and other participating agencies to contribute more to cover the shortfall.
Hey Boomers, Give Thanks To the Millennials We're Like Totally Ripping Off!
The cost of today's and tomorrow's lavish public pensions and entitlements will be borne by younger Americans.
Can You Spot a Trend in New Jersey's 10 Credit Rating Downgrades Under Christie?
Christie says he doesn't pay attention to credit ratings, but maybe he should have. They've been trying to tell him (and other states) something.
Nightmare In Deep Ellum: How Pension Obligation Bonds Ruined Dallas Employees' Retirement Dreams
Dallas' pension crisis is another example of why cities and states shouldn't use pension obligation bonds.
Costa Mesa Private Eye's Guilty Plea Offers Hope for Accountability
Private detective pleads guilty in relation to scheme to frame two local pro-pension reform councilmen.
NYPD Detective Who Got Bonus Pension for Being 'Disabled' Now Working As Security Guard
When retired NYPD cops are accused of abusing the NYPD's disability pension fund, the NYPD investigates. What could go wrong?
Ignoring Pension Past, California Risks Future Problems
Lawmakers don't want to re-litigate prior bad decisions even as they keep making them.
Pension Mess Can't Go On; That's No Reason to Ignore It
You can deal with it now or deal with it later, but eventually you will have to deal with it.
Taxing Human Waste Won't Get Chicago's Pension Fund Out of Deep Doo-Doo
Residents of the city will pay $57 annually as part of a rescue plan that hinges on several questionable assumptions.
Dallas Cops Get Wise to Impending Public Pension Catastrophe, Start Yanking Their Money Out of the System
Dallas' police and fire pension fund is $5 billion in debt, so officers are making the smart decision to invest privately.
Pennsylvanians Will Have To Pay For Gov. Chris Christie's Bad Spending Habits
With $80 billion in pension debt and after handing out $1.5 billion in corporate welfare, Christie looks across the Delaware River for a bail-out.
Calif. Court Offers Possibility to Stop Worst Public Pension Abuses
Ruling says state law doesn't have to accommodate spiking.
California's Six Figure Pension Club Has More Than 20,000 Members
Former county administrator made $340K in 2015, as CalPERS taxpayer-backed debt climbed to $139 billion.
Pennsylvania Blew $600 Million on Pension Fund Managers and Doesn't Have Much to Show for It
Like paying "LeBron James' free agent salary and getting me," says state auditor
CalPERS' Earnings Flop Means Taxpayer Belt Tightening
Underperforming the market, overestimating future success
Terrible Returns Keep California's Public Pension Bomb Growing
And don't forget that massive wage increase coming!
Lavish Pension Hikes True Cause of Growing Liabilities
Orange County report paints a bleak, but unsurprising picture
Arizona Voters Approve Public Employee Pension Reforms
Changes-which the Reason Foundation helped facilitate-will help keep system financially viable.
It's Not Hedge Funds That Caused Puerto Rico to Fail to Manage Its Debts
Those who call for aid shouldn't ignore where the territory's money actually went.
California's New Retirement Plan for Private Sector Workers Is a Stunning Display of Hypocrisy
If the program is so good, shouldn't government workers be included, too?
We Need a Sequel to The Big Short to Critique Public Pensions
How public unions are driving another economic bubble.
Residents Abandoning Chicago: Is It Following in Detroit's Footsteps?
Illinois' sources of revenues are leaving as government employees keep demanding more, more, more.
Pension Reform Efforts Succeed in Arizona—With the Help of the Reason Foundation
All sides get on board for changes to keep the system financially viable.
California's Deep Debt Problems
Gov. Jerry Brown is pushing unions to contribute more for health care
The Government Poisoned Flint's Water—So Stop Blaming Everyone Else
A failure of local government, brought on by public employee pensions.
Sad News, California: No Vote on Public Employee Pension Reform This Year
Bipartisan push sets eyes on 2018
San Bernardino Police Abuse Victims May Get Screwed Over by Bankruptcy
Families could end up with just pennies on the dollar.
Can Even the Voters Stop the Public Employee Pension Crisis?
Popular reform in San Diego threatened by California labor board.
Bill Would Revoke Pensions for Massachusetts Teachers Convicted on Child Porn Charges
As it stands, convicted child pornographers in the Bay State can still retire on the state's dime.
Brazil's Pension Crisis Is Like America's on Steroids
Unsustainable and yet seemingly unstoppable
California Pension Reformers Split Initiative into Two
One focuses on limiting taxpayer liability; the other gives voters more say.
Pension Reform Initiative in California Getting a Rewrite
Proponents trying to get past problems with how A.G. Harris officially summarizes proposal.
Stockton's Pension Struggles Offer Lessons for California
But it might take another major economic downturn to get state officials to check out the problems.
