A Big Myth Persists: Defining Away Part of the Pension Crisis – WP Original

By: Mark Glennon* Look, maybe it would be reasonable to argue that solving only part of our pension crisis is the best we can possibly do. But it’s another thing entirely to start the discussion simply by defining away a large percentage of the problem. Unbelievably, that’s routine. The latest culprit is an important reporter, Karen Pierog, who covers pensions for Reuters. Her columns are widely reprinted. Yesterday, in an article about the portion of an Illinois pension’s liability that’s funded, she said it’s “still far below the 80 percent level considered healthy.” No, 80% is not considered healthy. That’s

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Illinois exploring options on federal power plant limits – Associated Press

A spokeswoman for Gov. Bruce Rauner says Illinois officials are still reviewing their options regarding federal power plant limits being challenged by more than two dozen other states. Rauner responded cautiously after the August unveiling of President Barack Obama’s much-anticipated Clean Power Plan to reduce greenhouse gas emissions from domestic power plants.

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