Heroic Investing
public pensions
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...
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...