Adam Taggart
By Adam Taggart on Thu, Oct 17, 2013 - 12:57pm

San Jose Mayor Working To Cut Government Pensions

From today's headlines (h/t to Saxplayer):

San Jose mayor wants ballot to let governments cut pensions (Sacramento Business Journal)

San Jose Mayor Chuck Reed filed papers Tuesday for a statewide ballot measure to allow governments to cut pensions for current workers.

Adam Taggart
By Adam Taggart on Fri, Sep 6, 2013 - 3:40pm

Private Pension Funds Confiscated by Polish Government

Here's an important milestone on our road to global sovererign insolvency.

From Reuters:

Poland reduces public debt through pension funds overhaul

Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned.