Monday, September 06, 2010

Fury Over Public Pensions Sparks Disclosure Lawsuits

The Wall Street Journal reports:
Several state and local retirement funds have balked at disclosing the pensions of individual government workers, triggering lawsuits that claim taxpayers have the right to such information.

The showdown comes amid growing scrutiny of public-sector pensions as voters, many struggling amid the recession, increasingly question how tax dollars are spent in states and cities facing budget shortfalls and service cutbacks.

The California Foundation for Fiscal Responsibility, a group that advocates for pared-back pension benefits, sued the San Diego County retirement fund in August after it refused to provide the names of retirees collecting annual pensions of $100,000 or more. While other counties have released similar information, San Diego maintains that state law prohibits it from doing so.
An article well worth your time.