August 15th, 2011
A group representing several large public employee unions released a statement last week that mischaracterizes comments by California’s two largest public pension systems about a study of pension reform issues by California Foundation for Fiscal Responsibility. Continue reading
KXTV News 10 Video: Comparing public retirements to privateAugust 5th, 2011
The debate over public pension reform is about to get even hotter. California’s state and local government workers make salaries similar to those at large private-sector employers, but get significantly higher retirement benefits. Continue reading
US Wants States to Reveal More About Pension FundingApril 1st, 2011
(Reuters) – A federal board will soon propose that U.S. states disclose more about their pension funding as worries grow whether states and municipalities can pay for their employees’ pensions. Of the longer-term problems in states’ budgets, none loom larger … Continue reading
Path is Sought for States to Escape Debt BurdenFebruary 25th, 2011
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. Continue reading