"[Laura and John Arnold] realized that as state and local budgets were forced to spend more covering pension debts the less money their would be in civic coffers for their other concerns -- the so-called crowd-out effect.... The Arnold Foundation aims to tackle pension reform in two principal ways. The first, says [the foundation's vice president for public accountability] is to 'engage in a research agenda that would highlight success stories and wins on pension reform, and knock down stumbling blocks to reform.' The second, and more controversial, is to provide education and technical assistance to those seeking to reform public pension funds; often this means advising and assisting state legislatures."  MORE >>