Watchdog Podcasts: Breaking the Bank — What can we learn from Illinois’ failed pension reform efforts?
In this week’s episode, hosts Eric Boehm and Steve Greenhut take a look at the recent state Supreme Court ruling in Illinois that tossed aside a legislative effort to deal with the state’s $100 billion pension debt.Read More →
“If this bills gets passed, as written, and signed by the governor, someone will definitely sue over it,” predicts James McAneny, executive director of the Public Employee Retirement Commission.Read More →
In this week’s episode, hosts Eric Boehm and Steve Greenhut take a step back from the usual number-crunching and budget-busting to ask a sociological question: are America’s highly-paid public sector workers a new form of royalty?Read More →
Pennsylvania Senate Republicans voted in favor of a new system of financing new state employees’ retirement benefits that save $18.3 billion over 30 years.Read More →
The state Senate is moving quickly this week to approve a major overhaul of Pennsylvania’s two public pension plans. The Republican-backed proposal would change benefits for future state workers and public school employees, and is set for a final vote that could come as soon as Wednesday afternoon – despite opposition from public sector unions and Democratic lawmakers.
Meanwhile, a bipartisan group in the state House is working on a separate proposal that would force lawmakers to stop kicking the can when it comes to paying off an unfunded liability that has ballooned to almost $60 billion.Read More →
In this week’s episode, hosts Eric Boehm and Steve Greenhut take a look at one way that pension reform could get accomplished in California, by getting a proposal on the election ballot in 2016.Read More →