Public pensions are eating taxpayers alive

By Jeff Jacoby, The Boston Globe

SOME OF my best friends, to coin a phrase, are lifetime government employees. When they stop working, their pensions will put them among the highest-earning retirees in the country. On a personal level, I’m glad my friends’ retirement will be so comfortable. But as a taxpayer, I know that their good fortune, multiplied by hundreds of thousands of government workers like them, will only worsen a swelling political and fiscal crisis.

How to rescue pensions for Chicago’s City Hall and CPS

Chicago Tribune

In any rising crisis, there’s efficiency in proposing the most devastating, least workable solutions as early as possible: That allows discussions to migrate quickly toward more reasonable fixes before the crisis — here it’s the threatened implosion of public pensions for Chicago police, firefighters, teachers and other workers — reaches a terrible climax.

Are public-sector employees “overpaid”?

By Sasha Volokh, The Washington Post

This is the fifth post in a series. In the first four posts, I discussed the “California rule” for constitutional protection of public-employee pensions: click here for Monday’s, Tuesday’s, Wednesday’s, and Thursday’s posts.

Big Labor and the Budget Deal

By Allysia Finley, The Wall Street Journal

The budget deal being considered by the Senate this week requires new federal workers to contribute a smidgen more to their pensions to save $6 billion over a decade. Although the increase and savings are minuscule, the union representing federal workers is protesting as a matter of principle.