Breaking windows will stimulate the economy, according to a leading public pension advocacy group. Skeptical? The National Institute on Retirement Security (NIRS) has not literally endorsed breaking windows, but a report recently published by the organization relies on the same economic fallacy.According to NIRS-whose membership consists principally of...

New Jersey's state pension plans are underfunded by almost $100 billion, and recent reforms do not do enough to correct the shortfall, as more state employees must be shifted to defined contribution plans and the growth in their benefits must be slowed.

Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't. A consensus is building about the need for reform.

How in the world might a transportation bill feed our retirement crisis? Congress is sneaking a harmful pension change that could lead to massive underfunding of our largest plans

Frederick M. Hess and Juliet P. Squire examine the political incentives that affect the fiscal health of teacher pension funds and prevent their modernization to fit the twenty-first-century workforce.

An interview with Frederick M. Hess and Juliet P. Squire on teacher retirement plans.

Nebraska's CB plans are innovative and could be a model for other states to follow as they try and bring their budgets and pensions under control. Yet there are other, more transparent and taxpayer-friendly ways Nebraska could construct the pension system.

Nationwide, as governors and legislators seek to rein in labor costs, public-employee unions are protesting that their members are actually underpaid. But a growing body of evidence strongly suggests that their protests have no basis in fact.