The Financial Times gets to the crux of the Detroit debacle. The FT is overly picky about writers cutting and pasting parts of their articles, so reluctantly I’ll respect their wishes and summarize. Eventually the argument over the priority of pension and health care obligations is going to end up in the Supreme Court. The […]
Archive for the ‘pensions’ Category
The Case For A Detroit Bailout
Posted by Tom Lindmark on July 30th, 2013
Posted in government, pensions, Uncategorized 
Tags: Detroit Bankruptcy, public pensions 
No Comments »Everything You Need To Know About Pensions
Posted by Tom Lindmark on March 3rd, 2011
If you are really on the wonkish side and have a burning desire to research state and local pension plans then here’s a tool you have to have. It’s a comprehensive data base that Boston College has up. Really, it’s kind of cool to play around with and great for arming yourself with statistics you […]
San Francisco’s Insane Pension Plans
Posted by Tom Lindmark on October 25th, 2010
There’s no other word for this but madness. Via SF Weekly: “Infinite” is not a word you expect to find in a report on municipal spending. It’s more of a science fiction–type term — Tremble, Earthling, before the infinite might of Galaxor! But there it was, in a recent report on San Francisco‘s finances: Spending on the […]
Bonuses Survive Abysmal Performance At CalPERS
Posted by Tom Lindmark on September 21st, 2010
It would be easy to go ballistic over this article from CNBC on bonus payments at CalPERS. As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found. Board […]
The Public Pension Monster
Posted by Tom Lindmark on August 28th, 2010
If you missed it, there’s a good opinion piece in the WSJ Friday edition by Arnold Schwarzenegger. It focuses on the California public pension dilemma (catastrophe?). He’s talking his side of the controversy but it’s worth a read. What struck me were two graphs that accompanied the piece. Here they are: Focusing on the second […]
