Blog
Maryland’s Public Pension Debacle Is Likely to Repeat Itself
The Maryland public employee pension system announced this week that it had achieved a dismal return rate on its investments of 0.36 percent — a…
Blog
Pension Fund Activism Threatens Workers’ Retirement Security — And Taxpayers
While the underfunding of union pensions cannot be ascribed to any one cause, there is one that is troubling because it is so avoidable: pension…
Blog
To Fix The PBGC, Free Its Premiums
Setting the heavily underfunded Pension Benefit Guaranty Corporation (PBGC) on a sound financial footing has got to be one of the toughest jobs anywhere. The…
Blog
The Coming Public Pension Meltdown
While the impact of the Governmental Accounting Standards Board’s (GASB) new public pension reporting requirements won’t be known for some time, some indications of its…
Blog
Unions: Political by Nature
Two items in The Wall Street Journal today highlight a feature of organized labor that distinguish it from other special interests: Unions, as they have existed in…
Washington Post
Letter to the Editor: Why Politicians Answer to Unions
George F. Will’s discussion of grossly excessive public employee compensation [“Rahm and the teachers,” op-ed, July 5] rightly noted that unions exist to…