Chad Aldeman's blog

  • To better understand the issues around California’s pension plans, I spoke with Dave Low, the Chairman of Californians for Retirement Security.
  • For the average full-career state worker, traditional defined benefit plans are working quite well. But these are the relative winners of the pension lottery, and all other participants are losing out.
  • Pensions are an investment in the future, but politicians can’t resist the urge to use today’s money to pay for today’s services.
  • Last week we presented our new paper, Friends without Benefits: How States Systematically Shortchange Teachers' Retirement and Threaten Their Retirement Security, at the 39th annual conference of the Association of Education Finance and Policy (AEFP).
  • Warren Buffett's latest letter to shareholders of Berkshire Hathaway has a wonderful primer on pensions.