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Public Pension Reform: Recent Hits and Misses, But Changes Finally Happening
Governing Link to more items from this source
July 11, 2011
It's said that local government is the laboratory of American democracy, and the pension reform trend is a good example of widespread variations on a theme. In some states, the rules of the game are rigged against policymakers seeking to make obvious changes to over-rich benefits formulas awarded to incumbent employees in the halcyon days of the Internet bubble -- which cannot not be retracted under judicial precedents in certain states. The standard union line is that retirement benefits should be bargained on an employer-by-employer basis and there is no need for the legislature -- or the voters -- to get involved.

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