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.

A Calpers Comeuppance

The Wall Street Journal

A major political battle line these days is between public-union pension funds and taxpayers who pay the bills. Taxpayers won a major victory late last week when federal judge Christopher Klein ruled that the California Public Employees’ Retirement System (Calpers) isn’t protected from cuts in the city of Stockton’s bankruptcy trial.

Understanding Public Pension Debt

By Robert Sarvis, Competitive Enterprise Institute

STATE GOVERNMENT PENSION DEBT burdens labor markets and worsens the business climate. To get a clear picture of the extent of this effect around the nation, this paper amalgamates several estimates of states’ pension debts and ranks them from best to worst.