Recent Posts

Meet Your Multiemployer Pension Nightmare: Actuary to Lawmakers

A witness told members of a new committee that 1 million people could soon face 90% benefits cuts. By Allison Bell | Think ...

Read More

Trump Oversees Biggest Cuts to Regs in Quarter-Century

Trump has been aggressive in cutting red tape, but for the benefits to last Congress must act. By Political Editors · ...

Read More

Trump’s Vitally Important Anti-Poverty Initiative

Star Parker / @UrbanCURE /The Daily Signal Ivy Imboden, originally from Anchorage, Alaska, clutches a warm drink after arriving at a new tent ...

Read More

Q&A With Rep. Kevin Brady: ‘America’s Back’ Because of Tax Cuts

Genevieve Wood / @genevievewood /The Daily Signal House Ways and Means Chairman Kevin Brady, R-Texas, sat down with The Daily Signal to talk about ...

Read More

News Release: Indiantown Gap National Cemetery to Honor Veterans on Armed Forces Day

Indiantown Gap National Cemetery to Honor Veterans on Armed Forces Day Bugles Across America Joins with Local High School Musicians for ...

Read More

Barletta Welcomes SHINE Students to U.S. Capitol

Barletta Welcomes SHINE Students to U.S. Capitol Continues to lead bipartisan efforts on behalf of afterschool programs nationwide   WASHINGTON – Congressman Lou Barletta ...

Read More

Jacksonville Business Wins Fight to Fly Military Flags – City Official Had Told Veteran His Service Didn’t Matter

By Rusty | Featured Contributor | THE POLITICAL INSIDER A Jacksonville business successfully won its battle with the city over their right to fly militaryflags, but ...

Read More

How Democrats are Trying to Steal Seats from Republicans in 2018

                            ~ Conservative Zone With the midterms coming around the corner, Democrats are lining up new strategies to try to take conservative ...

Read More

B56536_BETHSINGER_FLAG

Cuomo's Parolee Voting Decree: Good Politics, Bad Policy

He's considering pardons for all 35,000 felons currently on parole in New York. He wants the votes. By Jordan Candler · ...

Read More

Look Around You: Do You Still Think America Won the Cold War?

By Timothy Daughtry at Townhall The opinions expressed by columnists are their own and do not represent the views of Townhall.com.   American teenagers march ...

Read More

Latest News

[smoothslider]

How Public Employee Pensions Make Income Inequality Worse

Share

By /THE FISCAL TIMES

Marc Joffe, Director of Policy Research for the California Policy Center, has written for the Mercatus Center at George Mason University, the Reason Foundation and the Haas Institute at UC Berkeley.

 The Fiscal Times/iStockphoto

 

Despite the stock market’s strong performance, public employee pension systems remain well below full funding and pressure on government budgets is building. Get ready for another round of battles over public employee benefits.

This month, UC Berkeley’s Haas Institute, a progressive research center, has stepped into the maelstrom, arguing that the problem is overblown. In a policy brief, analyst Tom Sgouros argues correctly points out that a pension plan need not be fully funded to continue making payments over long periods of time, and even questions whether 100 percent funding is an appropriate objective.

While Sgouros and like-minded public finance experts make some valid points, they may be surprised to learn that public employee pensions are becoming a driver of income inequality.

Read More

 

Comments are closed.

Polls

What issues are most important to you in PENNSYLVANIA ONLY. Pick your top 3.

View Results