Florida, Kentucky, Illinois, Massachusetts, and New York: some are improving their pensions, some are worsening their finances.
Public pensions, mult-employer, single-employer, church plans: where do you draw the line between reasonable relief and bailout, and if there are pension bailouts to be had, who should get them?
A New York State politician uses his power as GM shareholder, via a public pension fund he controls, to try to prod the company to make concessions to the union. You good with that?
Let’s face it: what are the true prospects for pension reform in Illinois and Chicago?
Once more, from the top, it’s trivial and unhelpful to blame contribution underpayments for the city’s pension woes.