When evaluating the financial challenges facing California’s state and local public employee pension funds, a compelling question to consider is when, exactly when, will these funds financially collapse? That is, of course, an impossible question to answer. CalPERS, for example, manages hundreds of billions in assets, which means that long before it literally runs out...

Editor’s Note:  This analysis by economics blogger Mike Shedlock clearly shows why government employee pensions are taking an awful risk by continuing to forecast annual investment returns of 7.0% or more per year. In his first chart Shedlock points out how between 2008 and 2014 the aggregate value of state and local government worker pension...

U.S. House Resolution 6484, the “Public Employee Pension Transparency Act,” will finally require public employee pension funds to adhere to the same regulations that govern private pension funds. The reason for this is clear enough – by not reporting sufficient information about the financial status of these massive funds, there is greater potential for them...