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Ignoring Pension Past, California Risks Future Problems: New at Reason

News : Reason

Lawmakers in California don't want to re-litigate past mistakes even as they're certain they're not making them anymore. Steven Greenhut writes: CalPERS—which in 1999 claimed the pension boost (Senate Bill 400, which had then-Assemb...

Pension Mess Can't Go On: New at Reason

News : Reason

The pension crisis in California isn't so much a tsunami as slowly rising floodwaters. Steven Greenhut writes: President Richard Nixon's economic adviser, the late Herbert Stein, still is knon for his dictum: "If something cannot go...

The Mess in Illinois and the Public Trust Case for Pension Reform

United States / Chicago : Huffington Post: Chicago Blog

Public pensions are wildly underfunded in many political jurisdictions across this country. The pension crisis in Illinois is perhaps the most dramatic: Illinois municipal bonds are treated as "junk" by the markets for good reason. ...

Is Ruling Too Late to Fix California's Pension Mess?: New at Reason

News : Reason

Good news on the pension reform front in California, if it's not too late. Steven Greenhut writes: An August 17 California appeals court ruling rejected a public employee union's claim that its members had a right to "pension spikin...

Pensions: good reasons for savers to ignore bad news

Business & Finance : Money

Pension savers have good reasons to ignore bad news, however counter-intuitive that may sound. If, every time you stroke the dog, it bites you, most folk will pretty soon stop stroking the dog. Millions of people could be forgiven f...


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