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Colorado Adopts Significant Pension Changes for All Public Employees
In SB200, the Colorado Legislature has enacted meaningful improvements to the state’s pension system, which will lead PERA to a considerably improved long-term position.
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The Cautionary Tale of Puerto Rico’s Pensions
After years of underfunding, Puerto Rico's Employee Retirement System has exhausted its assets and some of its beneficiaries are facing cuts.
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New Jersey and North Carolina Retirement Systems Modify Investment Return Assumptions in Opposite Directions
Nearly three-fourths of major American public pension plans have reduced their investment return assumptions since the fiscal year 2010.
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Chuck Schumer Trades the War on Drugs for a War on Vaping
Nothing truly counts as a moral panic until Senate Minority Leader Chuck Schumer appoints himself the head of it.
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Can California Voters Afford to Authorize More Bonds?
Voters would be well advised to consider not only the merits of each bond individually but also whether state residents can afford to pile these financial obligations onto an already large stock of public debt.
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Mileage-Based User Fees Can Replace Gas Taxes, Eventually
States need to continue testing and developing vehicle-miles traveled fee systems.
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Legalized Sports Betting: The Best Defense Against Corruption
The Supreme Court has given states the opportunity to improve sporting life in America.
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To Privatize PREPA, Puerto Rico Needs a Coherent Plan
Public power has clearly failed Puerto Rico. But to successfully privatize, the Commonwealth has to offer prospective concessionaires a clear path to profitability without totally stiffing PREPA bondholders.
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Gambling With Taxpayer Money and Losing: Florida’s Business Incentives Program
Incentive programs fail because they do not account for the fact that the firms are highly volatile and prone to failure.
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Why Florida’s Medical Marijuana Program Is Failing
Here’s a solution to fix implementation woes.
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A Truck-Friendly Approach to Tolling and Improving Highways
The most important provision is that the new tolls would be dedicated—by law—solely to the capital and operating costs of the rebuilt and modernized Interstates.
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Comparing the Safety Record of Delaware County’s Private Prison to Pennsylvania’s County-Run Prisons
The George W. Hill facility appears to operate much safer than an average in-house county prison.
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Does Occupational Licensing Really Improve Public Health and Safety?
Who benefits by limiting entry into a job field? Those already working in the field, as it shields them from competition.
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Los Angeles has the World’s Worst Traffic Congestion — Again
L.A. tops the list for gridlock for the sixth straight year.
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Dallas Police and Fire Pension Reforms See Early Success
Dallas is demonstrating the value in passing reforms that focus on core issues of governance and supplementary pension accounts.
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As It Recovers, Puerto Rico Needs More People and More Economic Freedom
Puerto Rico remains mired in bankruptcy: to escape, it will have to attract foreign immigrants and provide opportunities for them.
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Reason Introduces Interactive Visualization of Colorado’s Unfunded Pension Liability
The visualization uses annual PERA reports to break down the sources of the system’s added unfunded liabilities over the past 20 years.
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Despite Poor Process, Kentucky Enacts Meaningful Pension Plan Design, Funding Policy Reforms
The bill constitutes a significant improvement overall, with meaningful risk reduction and better funding policy across Kentucky’s various retirement plans.
