Study: All Cities and Towns May Already be in “Critical Status”
COMMENTARY: by Mike Stenhouse and Rich Danker The centerpiece of the governor’s proposed legislation to let municipalities’ independent pension plans suspend annual cost of living adjustments (COLA’s),...
View ArticleAll of R.I. may be ‘critical status’
By PBN Staff 3/20/12 PROVIDENCE – The ‘60 percent critical status’ test for Rhode Island cities and towns that is a part of Gov. Lincoln D. Chafee’s pension reform legislation may be irrelevant,...
View ArticleTask Force OpEd in ProJo: All RI Communities in Deep Trouble
Rhode Island has become ground zero for the public-employee pension crisis owing to the size of the unfunded pension liabilities the state and its cities face along with the sad story of the Central...
View ArticleForbes: The Lauzen Plan: How to Rein In a $3 Trillion Rogue Pension Elephant
Last week the voters decisively vindicated Gov. Scott Walker. America also saw overwhelming referenda victories over runaway public pension costs in San Diego and San Jose. America, finally, may be...
View ArticleNew Coalition Demands Truth on Public Pensions
Ballooning Pension Obligations, Faulty Accounting Threaten to Bankrupt Cities Washington, D.C.—Truth in Pensions, a coalition comprised of eleven public policy organizations, launched Thursday...
View ArticleRich Danker: How bad pension accounting sunk Stockton
This summer’s bankruptcy filing by Stockton is a lesson that fiscal problems have to be dealt with; they don’t just fade away. Why would any government think otherwise? Blame flawed assumptions about...
View ArticleMercury News: California doubles down on pension promising
With relatively little national attention, California Gov. Jerry Brown last month signed into law the first state defined benefit pension scheme for private workers. The California Secure Choice...
View ArticleRNC Endorses Public Pension Standards
The Republican National Committee, at its Winter Meeting in Charlotte on Friday, adopted a resolution condemning the way states and city governments report their pension debt and called for Congress...
View ArticleCase Studies in Defined Contribution Reform
With rising interest from state and local governments in switching pension systems from a defined benefit to a defined contribution basis, questions are surfacing about how to manage the upcoming...
View ArticleDanker in The Hill: Interest Rates too Low
When the Federal Reserve slashes interest rates, the presumption is that it will lift the economy. The lower cost of credit is supposed to result in more investment and expansion, possibly at the...
View ArticleRealClearPolicy: Chris Christie Still Has Something to Prove
Chris Christie has the reputation of an aggressive reformer, bolstered by a steady stream of YouTube clips of the New Jersey governor haranguing audiences around the state. His tough but pragmatic...
View ArticleSun Sentinel: For Real Pension Reform, Inequality Must Be Stressed
Just a few years ago, pension reform appeared inevitable. The drop in asset prices during the financial crisis had left public pension funds trillions of dollars behind on meeting future obligations....
View ArticleArizona Elected Official Pension Reform Becomes Law
Politicians and Judges to Get 401(k)-type Plans Arizona Gov. Jan Brewer on Wednesday signed a comprehensive pension reform bill for elected officials and judges that will enroll new members in...
View ArticleDetroit News: Detroit Will Be First Big City to Axe Pensions
Detroit emergency manager Kevyn Orr met Thursday with labor groups to tell them what they already know: He won’t spare public employees in his mission to make the city solvent. Orr’s preliminary report...
View ArticleOp-Ed: Detroit will be first big city to axe pensions
Detroit emergency manager Kevyn Orr met Thursday with labor groups to tell them what they already know: He won’t spare public employees in his mission to make the city solvent. Orr’s preliminary...
View ArticleDetroit holds clues for fixes for other big cities
Detroit’s status as an iconic American city has been reduced to a pathetic 16-page official plea for help. Its financial management team rushed a bankruptcy filing through federal court minutes before...
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