Illinois Pension Blowup

The Wall Street Journal

The Constitution is not a suicide pact—except maybe in Illinois. On Friday the Illinois Supreme Court struck down modest pension reforms as a violation of the state constitution in a decision that tees up state taxpayers for years of tax increases.

Largest R.I. workers union OK’s pension deal

By Katherine Gregg, Rhode Island Providence Journal

After a week of voting, the status of a proposed pre-trial settlement of the legal fight over Rhode Island’s pension overhaul remains uncertain, but the largest state employees union — Council 94, American Federation of State, County & Municipal Employees —has approved the deal.

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.”