Government Pensions

Want Smarter Government? Focus it

There are multiple reasons why governments choose the policy paths they do. Political survival is perhaps the most obvious explanation. But as with any organization, divesting of unnecessary businesses, projects and tasks that are off-mission helps sharpen the focus. That matters if one cares about smarter, more effective government.
CP

How Not To Reform Government Pensions

Whether one-time bailouts or multiple hikes in pension contribution rates, tax dollars are still used to top up public sector plans, and this is because plan members are guaranteed a certain level of benefits in retirement. And that's the real problem: taxpayers, most of whom do not have a registered defined benefit plan, end up paying for pension promises to government employees' unions.