Public Employee Pension Roundup – Illinois, Detroit Update

B-DaddyB-Daddy 1 Comment

Here is a summary of key areas in the fight to prevent state and local public employee pensions from bankrupting governments. Detroit. Judge Stephen Rhodes will rule today at 10:00 a.m. (EST) on whether the city is eligible to enter bankruptcy.  From the LATimes. Most legal experts expect Rhodes to declare that Detroit is eligible for bankruptcy protection.  A ruling …

When Pension Reform Goes Bipartisan

B-DaddyB-Daddy 26 Comments

Eventually the mathematical results of under-funding ever more generous pension benefits for state and local employees becomes a problem for Democrats too.  Illinois legislators are expected to vote this week on pension reform that would pare back pension benefits in three important ways. Reducing cost of living increases. Increases retirement age. Capping the salary amount available for pension calculations. There …

Reagan Day? More than 60% of Americans Just Say No

Erica HollowayErica Holloway 5 Comments

Feb. 4, 2011 – SAN DIEGO, Calif. — Happy Dutch Day? Nope, most Americans say they’d rather work. More than 60 percent of Americans reject the idea of denoting 40th President Ronald Reagan’s birthday, February 6, as a federal public holiday. The survey of 504 American adults was conducted between February 1-3, 2011 by Competitive Edge Research & Communication. SEE …