Of Unions And Pension Reform
MEANINGFUL PENSION REFORM NOT LIKELY FROM UNDER THE DOME
The Sacramento Bee Capitol Alert Blog reports that tomorrow Governor Brown is going to announce some sort of public employee pension reform plan. The presumption is that Brown is going to formalize what he referred to last March as his “no loggerheads” faux pension reform — the folly of which I wrote about at the time. This is where you throw out some common sense ideas to curb some egregious abuses of the system, maybe combined with some changes for new hires. The problem, of course, is that there is only one real yardstick to measure a public employee pension reform proposal…
Last year a study out of Stanford University pegged the state’s unfunded pension liability at a 500 billion… Read More