PensionTsunami's primary focus is on California's public employee pension crisis, but we also monitor news in other states, keep an eye on the world of corporate pensions, and follow developments in Social Security since it is taxpayers who will ultimately be responsible for making up deficits incurred by any of these retirement plans. We also try to monitor international trends. The editor of PensionTsunami.com is Jack Dean (JackDean-at-PensionTsunami-dot-com).
You are currently browsing the PensionTsunami Blog weblog archives for April, 2014.
By RiShawn Biddle | There’s nothing more infuriating to public sector unions than when state and local governments attempt to scotch decades of deals made with the unions in order to shore up virtually-insolvent pensions. So it wasn’t surprising when Illinois affiliates of several unions, including the American Federation of State County and Municipal Employees, […]
By Steven Greenhut | Public-sector unions and their allies often turn back efforts at reforming their pension plans by simply denying that there’s any sort of problem. In California, the Legislature and governor claim that they have fixed the problem when they passed a modest pension-reform act applying to the state’s biggest retirement system (the […]
By Mike “Mish” Shedlock | Bridgewater Associates did an analysis of pension funds recently and concluded 85% of them will fail if returns average 4%. Bridgewater notes that public pensions have just $3 trillion in assets to invest to cover future retirement payments of $10 trillion over the next many decades. It would take an […]
By Jack Dean | One of the largest and best organized pension reform groups in California is Citizens for Sustainable Pension Plans in Marin County. Wednesday evening CSPP presented a debate in San Rafael featuring candidates for the Marin County Board of Supervisor in Districts One and Five — Toni Shroyer, Judy Arnold, Susan Adams […]
