Willfully blind to the reality of the fiscal impact of Covid-19, the teachers union is demanding billions from the already beleaguered American taxpayer. Long after the coronavirus fades into history, there will be many lingering effects. And high on that list very well may be the toll on public employee pensions and the beleaguered taxpayers...

San Diegans voted five years ago this month to switch all new city hires, except police, from pensions to 401(k)-style individual investment plans, becoming one of the first big cities to take the plunge. Jacksonville, Fla., took a bigger step last April, switching all new employees including police and firefighters to 401(k)-style plans. Last week,...

The public employee pension problem isn’t new, but a teacher union leader’s defense of it has sunk to new depths. According to the Federal Reserve, public employee pensions in aggregate nationally are in serious trouble. Currently totaling $5.8 trillion, they are underfunded by $1.7 trillion. While all these pensions are draining public resources, Don Boyd, director...

Sanctimonious labor leaders treat their employees very differently than their members. While tales of union hypocrisy are as common as instances of Donald Trump sticking his Ferragamos in his mouth, there is one facet of union two-facedness that is under-reported – the role of union as employer. As mentioned in my post a couple of...