Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Tuesday, August 08, 2006

Public Sector Defined Benefit Pensions

Dean Baker tells us to add this to the pile:

Beat the Press: The Problems of Public Pensions: Mary Williams Walsh has a nice piece on the unbooked libailities of public sector pension funds in today's NYT. Supporters of defined benefit pensions and public sector provision of public services are not helping the cause when they ignore bad accounting.

http://www.nytimes.com/2006/08/08/business/08pension.html?ex=1312689600&en=f1304b3798aac659&ei=5090&partner=rssuserland&emc=rss

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