Phoenix Ends Pension Spiking

Most state constitutions contain a little-used provision known as the “gift clause,” which prohibit certain public expenditures to private entities. Unfortunately, only the Goldwater Institute, located in Arizona, is effectively using the gift clause.

How the “California Rule” Holds Back Pension Reform

By Ivan Osorio,

These days, local governments announcing bankruptcy seems like routine in California. Since the onset of the 2008 financial crisis, many state and local governments have seen their pension funds take huge losses. Yet, many of the underlying problems that have made pension shortfalls difficult to address go back many years — more than half a century, in fact.

Who Wants to See Their State Go Broke?

By Ivan Osorio,

Few people would raise their hands when asked that question. But actually putting a state’s financing on sound footing is difficult in practice. That makes Rhode ‘s Island’s pension reform not only unique, but also a good example for other states to consider. Rhode Island got not only the policy, but also the politics right, according to Drew University political science professor Patrick McGuinn in a new Brookings Institution study.