A pension law that would have reduced benefits for city workers was ruled unconstitutional. The ruling is a tough blow for the city’s finances and could worsen the situation for new and future workers.
Pension plans are opaque about how investment plan investment decisions are made, what sort of fees are paid on those investments, and how the investments perform over time.
The pension "crisis" is in the eye of the beholder, but teachers are paying the ultimate costs of our current system through lower base salaries and poor retirement security
