Archive for the ‘pension’ Category

Comments Off on America’s Sinking Public Pension Plans Are Now $1.4 Trillion Underwater

REASON – After several years of steady investment growth and higher contributions from taxpayers, most of America’s public sector pension plans are still awash in red ink. According to a new report from the Pew Charitable Trusts, the states collectively carry more than $1.4 trillion in pension debt—and only four states have at least 90 […]

Comments Off on California Pension Bills Are Sensible Fixes, but They Have Little Chance of Passing: New at Reason

Southern Watchman says: Pension funding issues like this only hint at the underlying social problem: lack of responsibility. Even in our golden years, no one is responsible for your own life other than you. While it is unfortunate that millions of people entered into contracts with their State governments, most of which read akin to […]