In the News • May 11, 2009
The Staying Power of Public Pensions
CEPR Journal, May 2009 The recession that has gripped California’s economy has created intense pressures on public sector budgets, where officials are forced to meet demands for greater services in the face of declining tax revenues. In turn, this may intensify efforts by taxpayer groups to dismantle traditional “defined benefit” pension programs for public employees. […]