New Jersey panel proposes major pension overhaul

By Alicia Munnell, Market Watch

The day after a New Jersey judge ruled that Governor Christie must make up $1.57 billion in pension underfunding, the governor’s commission to study New Jersey’s pension system proposed a complete overhaul of the state’s pensions.

Public Pension Fight: Unions Win, Budget Woes Remain

By Andrea Riquier, Investor’s Business Daily

Is public pension reform dead? Defined benefits for public sector workers, which make up a large and growing portion of many stretched municipal budgets, have been on full display in many recent high-profile cases, with mixed messages for the future of reform.

How San Jose Took on the Unions and Saved Millions Through Pension Reform

By Alexis Garcia, Reason

“If a government can’t provide the core basic services, it’s failed in it’s mission,” says Pete Constant, a former member of the San Jose City Council who advocated for sweeping pension reform. “Our city had been in many years of budget deficits and there were many more coming in the future. And I just thought the financial decisions had been terribly made.”