Pensions

Publications

, Real Clear Markets
Congress Moves to Put Pension Benefit Guaranty Corporation On Taxpayer Dole
Alex J. Pollock

The Ways and Means Committee of the House just approved a bill for a big taxpayer bailout of private multi-employer/union-sponsored pension plans.  Many of these plans are hopelessly insolvent. …

, Real Clear Markets
Multi-Employer Pension Bailout Needs a Good Bank/Bad Bank Strategy
Alex J. Pollock

The stock market is high, unemployment is low, but many multi-employer, union-sponsored pension plans are hopelessly insolvent and facing their own financial crisis. So is the government’s program…

, Real Clear Markets
Federal Lending to Insolvent Pension Plans Is Code for Bailout
Alex J. Pollock

Here’s a remarkable lending opportunity to consider:  Let’s make billions of dollars in loans to borrowers which “are insolvent” or in “critical or declining status.”  These…

, Barron's
Golden Years
Alex J. Pollock

After considering the many problems of retirement finance in a lower-return world, the article (“The New Retirement Strategy,” Jan. 5), gets to David Blanchett’s suggestion: “It might be…

, Barron's
Saving for Retirement
Alex J. Pollock

A house with no mortgage left on it is a classic retirement asset and a good way to save for one’s older years (“Remaking Retirement,” Cover Story, Nov. 19). A big issue not mentioned in your…

, California Policy Center
Public needs to keep eye on pensions, but suit says CalPERS withholds core data
Steven Greenhut

In the preamble to California’s Ralph M. Brown Act, the state’s 1953 law governing the public’s access to government meetings, the Legislature noted, “The people of this State do not yield…

, The Hill
Fixing postal pensions doesn’t need to cost taxpayers
Nick Zaiac

Every day, tens of thousands of postal workers take to American streets to drop letters in mailboxes and packages on porches. Day after day after day. Every year, thousands of postal workers retire,…

Tension with pensions: Barriers to sound postal pension risk management
Ann Phelan

Washington (September 4) – U.S. Postal Service pensions are in bad financial shape. So bad, in fact, that workers risk receiving cuts in the future. To avoid this, Congress has begun to examine a…

Barriers to sound postal pension risk management
Nick Zaiac

Congress is considering many postal proposals, and changes to pensions is one of the options on the table.
Postal law that mandates extra-conservative use of postal savings puts letter carriers and…

, OC Weekly
CALPERS CEO and Sen. John Moorlach to talk socially conscious pension investing
Steven Greenhut

From OC Weekly:
Last summer, when speaking about the Public Divestiture of Thermal Coal Companies Act authored by his Senate colleague Kevin de Leon (D-Los Angeles), who is now seeking to unseat…