Blog: Pension Politics

Randi Weingarten, the President of the American Federation of Teachers, used her monthly paid advertisement in The New York Times to talk about retirement, but she didn't use the opportunity to call for better benefits for public school teachers.
The California Public Employees' Retirement System is twisting itself in knots trying to show how much value it adds to the state's economy.
The Urban Institute issued a report evaluating the impact of the hybrid plan for Rhode Island’s teachers. According to the study, 80 percent of teachers will benefit from the new system.
To better understand the issues around California’s pension plans, I spoke with Dave Low, the Chairman of Californians for Retirement Security.
For the average full-career state worker, traditional defined benefit plans are working quite well. But these are the relative winners of the pension lottery, and all other participants are losing out.
Pensions are an investment in the future, but politicians can’t resist the urge to use today’s money to pay for today’s services.
Warren Buffett's latest letter to shareholders of Berkshire Hathaway has a wonderful primer on pensions.

The Brown Center on Education Policy at Brookings released two papers examining pension reform efforts across the nation. A presentation of the papers’ findings and a panel discussion followed. Read our picks for the best live tweets in response to the discussion.

San Jose Mayor Chuck Reed is sponsoring a statewide ballot initiative that would change California’s constitution to allow state and city governments to make prospective changes to retiree benefits. To better understand the initiative and why he’s sponsoring it, I spoke with Mayor Reed.
Like city and state governments, the federal government is facing rising pension costs and is dealing with them in similarly unproductive ways.