Public Employee Pension Roundup – Illinois, Detroit Update

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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 …

Pension Reform Battle Just Heating Up

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This is no longer news, but nevertheless important. Carl DeMaio announced that the pension reform initiative had over 145,000 signatures, with 93,346 needed to qualify. It appears likely that the initiative will qualify for the ballot. The furious counterattack by labor on even allowing a vote on the measure has been curious. Clearly they see a huge threat in this …

Applause for Mayor Sanders

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I have been a harsh critic of Mayor Sanders at times. But I need to give credit where it is due; he worked with purveyors of competing reform plans to come up with a single ballot measure. This increases the odds that a measure will pass, because there will be a unified reform effort. Yesterday’s U-T has the news: The …