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Fixing the Public Sector Pension Problem: The True Path to Long-Term Reform (PDF)
Center for State and Local Leadership at the Manhattan Institute Link to more items from this source
Feb. 6, 2013

"The necessity for real reform is problematic for policymakers, who must deal with a workforce resistant to the loss of guaranteed monthly pension benefits; and for political constituencies, including government workers and their allies, whose support for defined-benefit pensions in the public sector stems as much from ideology as from financial self interest. This is a balancing act that leaves policymakers with few politically popular choices. Yet politicians' current approach to evading such opposition -- that of adopting incremental reforms while repeatedly deferring liabilities -- is no longer viable."

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