California Gov. Jerry Brown (D) has proposed a 12-point plan to reform public employee pensions in the Golden State. Brown says he wants to put his proposal before voters in November 2012. The linchpin of Brown's plan would involve moving future... Read More

A pair of district courts have ruled that recent public pension reforms in Arizona and New Hampshire boosting the share current workers must contribute toward their retirement are unconstitutional. The courts ruled that both states broke their contracts... Read More

The specter of unfunded pension liabilities is haunting U.S. state and local government. These liabilities were an underlying factor in recent municipal bankruptcies in California. They hover over Pennsylvania, which is pondering pension reform while... Read More

When Dr. Dena Davidson graduated from the University of California, Berkeley School of Optometry in 1995, her expectations were pretty reasonable. "I knew being an optometrist was not going to make me rich," she says. "But I felt I would... Read More

Illinois' $97 billion unfunded pension liability - among the largest in the nation - was apparently decades in the making. "Of principle concern to the Commission is the accumulation of large unfunded accrued liabilities resulting for the most... Read More

Nearly every state in the nation has made cuts to its public-employee pensions in the past few years. But the measures have only chipped away a fraction of the enormous gap between what states have put into their retirement plans and what they've... Read More