Forced Coal Divestment Robs California Pension Fund of Revenue
Millions lost when political influence overrules financial acumen.
Pension Crisis
California Still Facing Pension Crisis Even With Good Stock Market Returns
Unions try to use good years to deflect attention from a growing problem.
Michigan's Pension Reforms Are Kind of a Big Deal
All that's missing is Gov. Rick Snyder's signature.
Cook County, Illinois, Experiences Disastrous Rollout of Its Soda Tax
Budget chaos at the state level isn't helping.
Pennsylvania's Pension Reforms Aren't Perfect, But They're Pretty Good
State still owes over $70 billion to current workers and retirees, but moving future hires to 401(k)-style retirement plans will save taxpayers in the long run.
Yes, Science, But How About a March for Math?
Innumerates number the ranks of politicians and bureaucrats.
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.
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.
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.
Illinois Hoping Citizens Drink State's Debts Away with Statewide Soda Tax
Skyrocketing costs, financial crisis make the Land of Lincoln very thirsty.
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?
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.
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.
Ignoring Pension Past, California Risks Future Problems
Lawmakers don't want to re-litigate prior bad decisions even as they keep making them.
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.
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.
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.
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.
Illinois Dems, Governor Argue About the Color of the Writing on the Wall
State can't pass budget; Legislature tries to hamper Rauner's power over state employees.
Take a Look at Where Californians Are Fleeing To
Everything's bigger in Texas, including the number of Golden State residents who move there.
Kamala Harris' Description of Pension Initiative Again Riles Reformers
Casts attempts to give voters control over future benefits as stripping 'constitutional protections.'
Public Employee Pension Funds Prepare for Year of Crappy Returns
Don't worry-you'll make up the difference.
Pension Reform on the Ballot Next Year in California
Initiative backers release details
