Pension Meltdown
San Bernardino Takes on Calpers Again

San Bernardino is fighting to reduce the $17 million debt it owes to the Calpers pension fund. This isn’t just about the money: A victory for San Bernardino would spell trouble for pension funds around the country.

Pension Meltdown
No One Is Safe: The Dangers of Defined-Benefit Pensions

Multiemployer pension plans were long considered some of the safest defined-benefit plans in the business, but more and more of them are collapsing.

Pension Meltdown
New Jersey Joins Illinois and California at the Bottom

S&P downgraded New Jersey’s bond ratings due to the state’s poor fiscal health. Only Illinois and California are in worse shape.

Pension Meltdown
Majority of Pensions Headed for Bankruptcy

Eighty-five percent of public pension funds are on track to go bankrupt within 30 years, according to a new stress test of pension plans.

Pension Meltdown
Emmanuel Stabbing In The Dark for Pension Fix

Hundreds of millions in tax increases over the next several years to fix dozens of billions in unfunded pension liabilities. And no one is sure it will even work. This is the bed Chicago made, and that Rahm Emmanuel has to sleep in.

Pension Meltdown
Chris Christie’s Real Crisis

Governor Chris Christie’s budget cuts include reductions to the state’s contribution to New Jersey’s pension plan. This isn’t fiscal prudence; it’s actuarial folly.

Pension Meltdown
California’s Centrist Dems Overwhelmed by the Left

San Jose Mayor Chuck Reed’s municipal pension reform has gone down in flames. California may have prominent centrist Dems like Reed and Governor Jerry Brown, but the state’s pro-union Democrats still make for a powerful left flank.

Pension Meltdown
Defined-Benefit Pensions Aren’t Just Bad for Women—They’re Bad for Everyone

A new Brookings institution study attacks defined-benefit public pension programs for systematically paying women less than men. We can fix this problem and make pensions more sustainable for everyone by switching to defined-contribution plans.

Pension Meltdown
California’s Hidden Pension Disaster

California Governor Jerry Brown wants to put off dealing with teacher pensions until his re-election campaign is safely over. But if nothing changes, the state will be on the hook for up $600 billion in debt.

Pension Meltdown
Pensions Leading Another California City to Bankruptcy

Another day, another California city drowning in pension debt. This time, the city is Desert Hot Springs, a small community just outside the Los Angeles area, which is now sitting on the edge of bankruptcy due to a history of unrealistic revenue estimates and generous pension promises to public workers.

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