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Unions typically fight reductions in benefits, but the bill is a grudging concession to economic realities. (iStock Photo)
Economy

Unusual victory for unions: Pension reform

Sean Higgins -
0
An estimated 49 million Americans depend upon $2.7 trillion in employee benefit pension plan assets that either aren't fully audited or get a meaningless annual certification of their value, according to the Department of Labor inspector general. (iStock)

Trillions in pension plan assets can’t be verified, Labor Department IG reports

Mark Tapscott -
0
MANHATTAN MOMENT: A wake-up call for public pension systems
Op-Eds

MANHATTAN MOMENT: A wake-up call for public pension systems

Jason Russell -
0
FILE - In this June 27, 2012 file photo, pedestrians cross a street near the Bank of Stockton in Stockton, Calif. A federal judge could rule Wednesday, Oct. 1, 2014, on a bankruptcy exit plan for Stockton, an inland port city in California that in 2012 became the largest city in the U.S. to file for Chapter 9 protection before Detroit filed last year. U.S. Bankruptcy Judge Christopher Klein has scheduled a hearing in Sacramento in a trial that has lasted more than four months. (AP Photo/Gosia Wozniacka, File)
Business

Ruling lets bankrupt city cut pension benefits

Don Thompson -
0
FILE - In this June 27, 2012 file photo, pedestrians cross a street near the Bank of Stockton in Stockton, Calif. A federal judge could rule Wednesday, Oct. 1, 2014, on a bankruptcy exit plan for Stockton, an inland port city in California that in 2012 became the largest city in the U.S. to file for Chapter 9 protection before Detroit filed last year. U.S. Bankruptcy Judge Christopher Klein has scheduled a hearing in Sacramento in a trial that has lasted more than four months. (AP Photo/Gosia Wozniacka, File)
Business

Judge: Stockton must treat pension like other debt

Don Thompson -
0
Wisconsin Gov. Scott Walker's now-famous union bargaining reforms of 2011 have incurred the wrath of America's big labor unions, which are now eager to defeat him. (Photo by Ethan Miller/Getty images)
Opinion

Why Wisconsin won’t become Illinois

Washington Examiner -
0
Now a national figure and potential Republican presidential nominee, Christie used the 2011 reform to elevate his profile. (Getty images/Matt Rainey)
Economy

Downgrades put Governor Christie’s signature reform in doubt

Joseph Lawler -
0
NY pension investment gains a boon for governments

NY pension investment gains a boon for governments

David Klepper -
0
A Thursday poll shows Democrat Tom Wolf, left, maintaining a large lead on incumbent Pennsylvania Gov. Tom Corbett, a Republican, in the November race. (AP/Matt Rourke)
Campaigns

Poll shows huge lead for Tom Wolf over Pennsylvania Gov. Tom Corbett

Steve Doty -
0
Pennsylvania Democratic gubernatorial candidate Tom Wolf speaks during an interview with The Associated Press Friday, July 25, 2014, in Philadelphia. Wolf would make a centerpiece of his first budget proposal an increase in income taxes on Pennsylvania's higher-earners to help expand the state's share of public education funding in exchange for a dollar-for-dollar reduction in local property taxes levied by school boards. (AP Photo)
Campaigns

Job No. 1 for the next Pennsylvania governor? A huge budget gap

Marc Levy -
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