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Posts Tagged ‘public pensions’

The Case For A Detroit Bailout

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 [...]

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Bonuses Survive Abysmal Performance At CalPERS

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 [...]

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How The Public Pension Funds Avoid The Truth

There’s been much discussion, in fact so much as to cause overload, about the pension time bomb among state and local governments that I hate to add to it. Nevertheless, I would like to direct you to a short and easy to read editorial in the WSJ today. The point of the article is that [...]

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