Tag: "state pensions"

California's Dreamin' if Lawmakers Think Their State's Pension Is Sound

What a sad time in California legislative history.  The opportunity to pass tough but meaningful pension reform has resulted in the passage of a bill akin to throwing a bucket of water on a blazing inferno.  (See Barbara Hollingsworth, “California Rejects Even Modest Pension Reform,”)

Underfunded State Pensions, BP, and the Blame Game

If the latest proposed class action suit picks up speed, shareholders of British Petroleum will be in worse shape than they are now. The Wall Street Journal reports that public pension funds in New York and Ohio are considering a class action suit against BP, citing that the company allegedly misled them about the protocols it had in […]