November 4, 2014
City voters rejected Proposition 487, which would have ended the city’s traditional pension system. Hedge fund billionaire John Arnold funneled more than $1 million into the anti-pension campaign through his political action committee.
October 9, 2014
Wanted to make sure you saw this Bloomberg story that reports that the financial status of state pension funds is improving as contributions increase, the economy improves and funds begin to emerge out of the hole caused by the financial …
September 30, 2014
Wanted to make sure you saw the story from today’s Arizona Republic about the “dark money” flooding into Phoenix in support of a ballot measure to end the city’s pension system for public employees.
August 27, 2014
An editorial published this morning by the New Jersey Star-Ledger criticizes the “mutually profitable kinship between Gov. Chris Christie and Wall Street hedge funds.” New Jersey is now one of the nation’s largest investors in hedge funds and, under Christie, …
August 19, 2014
Pension are rebounding. Public pensions are returning to healthy funding levels following the Wall Street crash of 2008. According to Wilshire Consulting, the average funding ratio across all state pension plans in FY 2013 was 75%, up from 65% in …
August 11, 2014
For those following the debate around pension reform, we, too, think it’s #TimeForACorrection. Josh McGee, Vice President of Public Accountability for the Laura and John Arnold Foundation, recently claimed in a tweet that Arnold has never “supported pension cutting as …
