A Lesson From Los Angeles: Pension Changes Best Made at the Bargaining Table

Just like that, in less than a month the so-called pension “reform” plan being pedaled by Los Angeles’ mayor from the 1990s Richard Riordan fizzled and died. Riordan announced last week that he’d stopped trying to gather signatures to put his unstudied, untested idea on the ballot. So, the idea likely won’t amount to more [...]