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The Unfunded Public Pension Crisis—An Interview with Lawrence McQuillan
Recorded: Friday, June 12, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on Radio America’s “Made in America” to discuss the public pension crisis in the US. How did public pension funds become so depleted and why haven’t politicians made good on their promises to fully fund pension systems? The city of Detroit went bankrupt and the judge ruled that pension benefits to current retirees can be cut to pennies on the dollar. McQuillan explains how to fix the system and make good on promises to retirees while keeping future public pension systems solvent.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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The Unfunded Public Pension Crisis—An Interview with Lawrence McQuillan
Recorded: Friday, June 12, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on the Pete Kaliner show on WWNC radio to explain how California and other states and cities have gotten into the situation with massive public pension deficits. Promises were made to public employees, but the pension funds are less than what was promised to retirees. McQuillan has a plan to switch these pension plans to a defined contribution plan, similar to a 401-k, which could not be underfunded. If private sector companies did this to their pension funds, they would be in prison. McQuillan explains how pension funds around the US have gotten to this crisis point.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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Solutions to the Nation’s Public Pension Crisis—An Interview with Lawrence McQuillan
Recorded: Thursday, June 11, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KSOO radio in Sioux Falls, South Dakota to discuss solutions to the crisis in underfunded public pension systems across the country. Judges in Detroit and other cities have ruled that pension payouts can be cut for current retirees in the case of public municipal bankruptcies. Transitioning out of public pensions into a 401k-style system would give employees some degree of control over their retirement money. McQuillan proposes a 10% contribution by employers to public employee retirement accounts. The savings could help pay down the debt and it would make good the promises made to pensioners.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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California’s Public Pension Crisis and How to Resolve It—An Interview with Lawrence McQuillan
Recorded: Thursday, June 11, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KPRL radio in Paso Robles, CA to discuss the public pension crisis in California and other states, cities and counties across the United States. McQuillan explains how California got into the underfunded pension mess and his plan to resolve the crisis. As in the private sector, public pensions would switch to a 401k-style plan where a 10% contribution by the employer would add to contributions by employees.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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It’s Not Too Late to Save the Nation’s Public Pension Crisis—An Interview with Lawrence McQuillan
Recorded: Wednesday, June 10, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KNWZ radio in Palm Springs, CA to discuss the state of California’s public pension system, and how it came to be in such a mess. The underfunded system threatens taxpayers with the costs of a bailout if something isn’t done to resolve it. McQuillan talks about what is needed to reform the public pension systems across America.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
Comments

California’s Pension Crisis and How to Fix It
Recorded: Wednesday, June 10, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KUHL radio’s Andy Caldwell show. McQuillan talks about California’s public pension system and how it is on a road to financial ruin. The state’s pension payout is gobbling up the state’s budget and other services are suffering. Politicians often take “pension holidays” and don’t contribute during periods of economic prosperity and the pension funds suffer even more. McQuillan’s book contains solutions, such as private sector 401k-type retirement plans, which fulfill promises made to retirees and keeps the state solvent.

Experts: Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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How to Resolve the Public Pension Crisis: An Interview with Lawrence McQuillan
Recorded: Tuesday, June 9, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KPBS radio in San Diego. McQuillan discusses the public pension system in California and offers a detailed plan on how to fix the underfunded system. His plan would convert public pension systems across the country into defined contribution plans, similar to private 401k-type retirement plans. This would protect taxpayers from bailing out failed public pension systems and also protect current retirees from having bankruptcy courts take away their promised pension benefits. McQuillan also talks about other reform ideas to fix the man-made financial disaster facing many cities and states across the United States.

Experts: Joseph D. McNamara, Marisa McNee, Michael J. McPhillips, Thomas J. McQuade, Lawrence J. McQuillan
Type: Radio
Issues: Bureaucracy and Government, Economic History and Development (U.S.), Taxes

       
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