Preparing for a pension bailout

Orange County Register

For Californians, one of the least-surprising election outcomes promises big news to come. As expected, termed-out state Controller John Chiang prevailed in his bid to become treasurer.

How Can Illinois Get Back on Its Feet?

National Right to Work Committee

From January 2009, just a few months before the trough of the 2008-2009 recession, through July 2014, seasonally-adjusted nonfarm payroll employment across the U.S. increased by 5.0 million, or 3.8%. By historical standards, this is a very weak recovery.

Loophole lets teacher union bosses collect state pensions at taxpayer expense

By Kelly Riddell, The Washington Times

Thanks to a loophole created by the Illinois legislature, retired teacher union leaders are getting pension credit for the years they did union work after leaving the classroom. The arrangement has put taxpayers on the hook for millions of dollars in retirement benefits unrelated to teaching, and further drained an already overburdened state pension fund.

A push for pension reform, thanks to the courts

The Washington Post

HERE ARE the facts of life about the American public sector: Citizens depend on local government for vital services, from education to parks; the quantity and quality of those services depend directly on how many tax dollars are available to pay for them; and insofar as those resources are already committed to pensions and other forms of deferred compensation for public employees, they can’t be used to maintain and enhance services in the here and now.