Pensions

Publications

The Coming Bailout of State Pension Plans
Alex J. Pollock

From The Wall Street Journal:

In “Prelude to a State Pension Bailout” (op-ed, March 1), Andrew C. Biggs is doubtless right that the coming bailout of hopelessly insolvent multiemployer…

, Florida Daily
Could ‘advance refunding’ solve the Phase 4 impasse?
R.J. Lehmann

With Treasury Secretary Steven Mnuchin setting a Friday deadline for negotiations between the White House and House Democrats over the fourth iteration of legislation to deal with the COVID-19…

, 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…

, 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…

, California Policy Center
Brown right to give cities dose of reality, but wrong to punt on pension issue
Steven Greenhut

It’s rare that a politician will say something that is praiseworthy and anger-inducing in the same breath. Nevertheless, Gov. Jerry Brown accomplished that unusual feat when he released his May…

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