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Public Sector Pensions

The Political Underbelly of the Pensions Crisis: What Broke the System, and How Do We Fix It?

Rob Johnson | Posted 02.25.2014 | Business
Rob Johnson

Many state and local governments are struggling to meet their obligations to retirees, and the easiest explanation is that workers are overpaid and their pensions are unaffordable. But the evidence suggests that the pensions crisis is both less pervasive and more complex than that.

Why Municipalities Should Look to San Jose, Not Detroit, For a Lesson in Pensions

Teague Paterson | Posted 03.23.2014 | Detroit
Teague Paterson

Judge Steven Rhodes's recent ruling in Detroit led many to believe that it's open season on worker pensions. The national media declared local governments had new legal precedent to start cutting benefits for thousands of public employees. This is exactly the wrong lesson to take away from Detroit.

Winning The War On Poverty In 2014: Means Defeating the Wolves on Wall Street and Cowards on Capitol Hill

Reverend Charles E. Williams II | Posted 03.15.2014 | Black Voices
Reverend Charles E. Williams II

We can hear the 'wolves on Wall Street' howling at rising profits and executive salaries -- while the sucking sound you hear are jobs and families flung into poverty. 2014 will require a vigilant vote and voice to make a real difference for a very real problem.

The Truth About California's Pension Slashers

Julie Gutman Dickinson | Posted 01.26.2014 | Politics
Julie Gutman Dickinson

The initiative would not only cut the retirement benefits of future public sector workers, but of current government employees as well. Should the measure make it to the ballot and prevail, that provision will surely trigger a bitter legal fight.

Taking the Wheels Off the Motor City

Michael Rose | Posted 01.23.2014 | Politics
Michael Rose

Sadly, Governor Snyder's bankruptcy plan seems more about weakening unions and protecting corporate subsidies and tax breaks than it does about shoring up Motown for the long haul.

Detroit Bankruptcy Filing Puts Spotlight on Distressed Municipal Pensions

Jacob Adlerstein | Posted 09.23.2013 | Business
Jacob Adlerstein

If Detroit prevails in significantly reducing its pension obligations, it will potentially provide a blueprint for other jurisdictions to follow.

Want to change the state constitution? It's not easy -

Reboot Illinois | Posted 09.04.2013 | Chicago
Reboot Illinois

Two proposals to amend the Illinois Constitution have received lots of attention this year. One proposes to eliminate the office of lieutenant gover...

Illinois House Should Pass Fair Pension Bill, SB 2404

Michael T. Carrigan | Posted 07.21.2013 | Chicago
Michael T. Carrigan

On a range of issues, our state faces tough problems that can only be solved by stakeholders and elected officials working together. The new pension reform legislation, Senate Bill 2404, shows the way.

5 Myths About Public Employee Pensions

Harold Schaitberger | Posted 09.10.2012 | Money
Harold Schaitberger

About 10,000 Americans a day are turning 65 years old. While Wall Street's 401(k) plans have done nothing to help retirees enjoy their golden years, defined benefit plans are the best way to support retirees and allow them to continue to contribute to their local economies.

Budget Cuts Are Not the Answer

David Vognar | Posted 08.11.2012 | Chicago
David Vognar

It might appear that Illinois is just another spendthrift in a nation of spendthrifts (in a world of spendthrifts). But beyond the rhetoric, which appears everywhere, the numbers don't lie. It's not a spending problem. It's a revenue problem.

Josh Mandel's $65 Billion Mistake

The Huffington Post | John Celock | Posted 05.22.2012 | Politics

Ohio Democrats are pouncing on state Treasurer Josh Mandel (R) for apparently forgetting $65 billion in state pension funds under his supervision, cal...

Responsible Private Equity Investors Revitalizing U.S. Manufacturing

Marco Trbovich | Posted 07.17.2012 | Business
Marco Trbovich

Michael Peck, chairman of Isofoton North America, a 60-year-old Spanish solar firm investing in solar facilities in western Ohio, asserted that having a truly sustainable economy guided by ESG principles means changing how the culture views workers.

Once Again, Academics Get an F When It Comes to Retirement Math

Jane White | Posted 06.19.2012 | Money
Jane White

As an advocate for 401(k) participants, the only thing more frustrating for me than not being able to get Capitol Hill to make the plans walk and talk like pensions is tackling "innumeracy" on the part of academics who portray themselves as experts.

Defending Pensions From a Surprise Attack

Gregory Floyd | Posted 02.15.2012 | Politics
Gregory Floyd

We now face a new, but equally dangerous threat to the safety of our pensions, and it's coming from an unexpected source. It threatens not only the health of our pensions but our very ability to control them.