The Manhattan Institute has a new website: Public Sector Inc. featuring the latest research, news, interviews, and articles on public sector unionism and in particular on the crisis in state and local pensions. Edited by Manhattan Institute fellow, Josh Barro, the site includes my article on the discount rate and how it has affected the management of pensions as well as a podcast with E.J. McMahon on the same topic.
Reform of public sector unionism is sure to be a major policy issue facing the states in the coming decade. Josh notes at PSI’s blog that Governor Tim Pawlenty in Minnesota has written in today’s Wall Street Journal about what states need to do to fix the fiscal disaster that public sector unionism has delivered to state governments – and that includes getting the accounting of public sector liabilities, right.