Tag: public pensions; pensions; CalPERS
Is It Time To Let State Governments Declare Bankruptcy?

After approving another multi-billion dollar coronavirus relief bill, Senate Majority Leader Mitch McConnell made big public policy news when he argued in a radio interview that states seeking bailouts to cover the costs of their underwater government employee pensions should instead have the ability to declare bankruptcy to restructure their unsustainable liabilities.

CalPERS Hides the Ball on Disability Fraud

Investigative reporting reveals rampant disability fraud.

CalPERS Approves 99 New Ways to Spike California Public Pensions

Today, in yet another act of fiscal irresponsibility, the California Public Employees’ Retirement System (CalPERS) approved a list of 99 types of extra pay that can be used to calculate pension benefits for state and local government employees. The supplemental pay includes extra money that public employees earn when they briefly fill higher-paying jobs....
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