Heroic Investing

public pensions

Public Pension Lessons from Scott Walker's Recall Election

Public Pension Lessons from Scott Walker’s Recall Election

We’ll leave the posturing about the ramifications of Wisconsin governor Scott Walker’s recent recall election to those with a political axe to grind. There’s no doubt that the whole thing was a big deal. A REALLY big historic deal. Walker was only the third sitting governor in United States history...

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Unfunded Pension Liability Illustrates a Strange Reality

Unfunded Pension Liability Illustrates a Strange Reality

A recent paper published by Maria Fitzpatrick of Stanford University uncovered an odd reality of public servant retirement plans. To quote an excerpt: “Schools and other public sector employers contribute nearly three times as much per hour worked to the pension benefits of their employees as their...

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