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D Labor, Education & Pensions

Labor, Education & Pensions Issues

How to Become a (Public Pension) Millionaire!

March 25, 2014 J,

Detroit and San Bernardino and Stockton, California are in bankruptcy, and across the country the costs of maintaining pensions for city and state employees more than doubled to nearly $84 billion in 2011 from 2002. Yet the American Federation of State, County and Municipal Employees (Afscme) declares that public pensions are “modest,” noting that its [...]

CA Schools have $37 Billion in Unissued Bonds

February 26, 2014 J,

California’s pot of school bond money may be empty, but school and community college districts have more than $37 billion in authorized – but unspent – school-construction bonds, according to a report by the state’s debt commission. Since November 2002, there have been 681 school and community college elections that yielded about $90.1 billion in voter-approved borrowing authority to [...]

Public Pension Shortfalls Are Everyone’s Problem

August 12, 2013 J,

The pension liabilities that helped bankrupt Detroit have cast a harsh light on similar problemsin Chicago and other large American cities, adding urgency to the question of who should close the shortfall. This is a challenge that public-sector workers and retirees shouldn’t bear on their own. The public pension problem is by now well known. Detroit’s emergency manager [...]

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