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Bailout Suggests It’s Time to Rethink Multiemployer Pensions
President Biden announced last Thursday that the government would give $36 billion to bail out the multiemployer Teamsters Central States Pension Fund. It is…
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Comments on Department of Labor Pension ESG Rule
At the end of last year, the Department of Labor (DOL) published a notice of proposed rulemaking seeking to rewrite rules on pension fund…
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Can Pensions Be Saved from Political Mismanagement?
The Department of Labor is currently working on a new rule that would give pension fund managers greater leeway in considering non-financial criteria when…
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Missouri’s $5 Billion State Pension Underfunding Shows Results of Faulty Accounting
Government pension managers should calculate the state contribution using a more realistic rate-of-return estimate.
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RealClear Radio Hour: Political Disasters in Science and Economics
This week on RealClear Radio Hour, Marc Edwards and Dan Liljenquist recount politically induced disasters from the perversion of science to the pension crisis.
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Unfunded Public Pension Obligations Grow to $5.6 Trillion
State public pension plans are underfunded by nearly $5.6 trillion nationwide, according to a new American Legislative Exchange Council (ALEC) study.
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Air Traffic Control Reform Opponents Still Miss the Big Picture, Repeat Errors
Air traffic control is in dire need of reform and modernization, and there is a great plan in the House FAA bill to do just…
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PBGC’s Perverse Incentives Undermine Multiemployer Pensions
For years, the Pension Benefit Guaranty Corporation (PBGC), the federal agency that insures private sector defined benefit (DB) pension plans, has been severely underfunded below…
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Illinois Pension Reform that Can Pass State Supreme Court Muster
When you’re in a hole, stop digging. That seems like such a simple concept that it shouldn’t need stating, but in the area of public…