The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
'A defined contribution system is one no longer supported by taxpayers, but, rather by the responsible investment choices of individuals.'
Louisiana public pension funds sought to withdraw $143 million from Fletcher Asset Management earlier this week, but were presented with IOUs in lieu of cash, leaving taxpayers to foot the bill.
"Not only do public-sector unions hamper the effectiveness of government and the efficiency of business, they impede the ability of elected leaders to enact sound reforms."