The StarTribune’s Erik Wieffering had a column on Sunday titled Cheap talk won’t solve crisis over pensions
Local and state governments across the country face potentially ruinous pension and benefit costs. Too bad so many political leaders have decided that the best way to solve the problem is by making public-sector employees Public Enemy No. 1.
In Monday’s NY Times: Strained States Turning to Laws to Curb Labor Unions
Faced with growing budget deficits and restive taxpayers, elected officials from Maine to Alabama, Ohio to Arizona, are pushing new legislation to limit the power of labor unions, particularly those representing government workers, in collective bargaining and politics.
Nov. 11 Time magazine: Teachers’ $500 Billion (and Growing) Pension Problem
Teacher pensions may not sound like a sexy or even high-profile issue, but keep reading: they’re threatening the fiscal health of many states and could cost you — yes, you — thousands of dollars. And, like the savings-and-loan crisis at the end of the 1980s or the current housing-market mess, insiders see big trouble ahead in the next few years and are starting to sound warnings.
I don’t have any details on the pensions for employees of the City of Northfield, nor for the employees of the Northfield School District. So let’s crowdsource the facts while we discuss what needs to be done, if anything.