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Blog

Large Union Plans to Cut Pensions

Unions are supposed to protect and look out for the best interests of workers. Some believe that without unions, employers would continually take advantage of employees. Why then is one of the largest private-sector unions in the country going forward with plans to cut the pensions of its members?

06/22/2015
NJ Legislature Passes Major Pension and Benefit Reform
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Blog

NJ Legislature Passes Major Pension and Benefit Reform

On Thursday evening, the New Jersey assembly passed a landmark bi-partisan overhaul of the public employee benefit and pension system.  The bill passed the assembly by a 46-32 vote with 14 Democrats voted with Republicans for the bill. Now all that is needed is a signature from Governor Christie who has already touted the success of the bill’s passage.

06/24/2011
Utah Shows How to Solve the Looming Public Pension Crisis
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Blog

Utah Shows How to Solve the Looming Public Pension Crisis

Public employee pensions are a ticking fiscal time bomb. Nearly every state in the nation is struggling to reform their broken pension plans. For many years, public sector unions have over promised government workers lucrative pensions that they cannot afford to pay. This has created a looming crisis for state budgets and taxpayers. It could be even worse than officials are predicting.

01/20/2011