Gutting Pensions to Spite Guns

Chicago hurting pensions to prove political point

Several of the nation’s most imperiled pension funds have cut off investments to profitable weapons manufacturers in the midst of the controversial gun control debate.

Starting Over in the Land of Lincoln

Illinois conservatives call for massive pension reform in wake of Democratic failure
Illinois state union members and supporters rally in support for fair pension reform / AP

Conservatives are calling for a total transformation of Illinois’ public pension system in the wake of Democratic Gov. Pat Quinn’s failure to reform the program, which is nearly $100 billion in debt.

Ill Pension

Illinois reels after lawmakers reject pension reforms
Pat Quinn / AP

Illinois lawmakers rejected Democratic Gov. Pat Quinn’s push for pension reform in the state’s lame duck sessions this week, leaving Illinois with nearly $100 billion in unpaid pension debt and the Democratic Party at odds with its labor base.

The Delphi Legacy

Paul Ryan hammers Obama on shady auto bailout pension deal at Ohio rally

Republican vice presidential nominee Paul Ryan slammed President Barack Obama for the Auto Task Force’s treatment of nonunion workers who saw their pensions slashed by 70 percent, while their union coworkers lost no funds thanks to a $1 billion “top-off” by GM, during a rally in Sabina, Ohio, on Saturday.

Donilon Double Dips

Top Obama aide Tom Donilon receives taxpayer salary plus six-figure pension from bailout recipient Fannie Mae, records show

National Security Adviser Tom Donilon collected more than $148,000 in pension payments from bailed out mortgage giant Fannie Mae in 2011, on top of his White House salary of $172,200, according to a Free Beacon analysis of White House personal financial disclosure forms.

Only in New York

Bloomberg’s NYC only major U.S. city to see rise in joblessness over the year

New York City has managed to avoid much of the pain caused by the recession, averaging lower unemployment rates and better job growth than the rest of the country, but it has not been enough to stop rising unemployment.

Wisc. Public Employees Still Cashing In

Public-sector employees in Wisconsin receive significantly more in health care and pension benefits than their private-sector counterparts, even after Gov. Scott Walker’s 2011 collective bargaining reforms, according to a new study.