Brookings: Don't Make Pension Reform About Politics

March 3, 2014

"The bottom line is we are we are, and these payments are growing increasingly unsustainable."

Prof. Patrick McGuinn.

Detroit’s pension liabilities have received much of the blame for the city’s bankruptcy. Labor groups and retirees have accused Emergency Manager Kevyn Orr of overestimating the shortfall, while others have blamed unions for the city’s decline. That argument does nothing to solve the problem, according to a new report from the Brookings Institution. The Brown Center on Education Policy looked at how state governments are dealing with massive pension debts. Researcher Patrick McGuinn says instead of pointing fingers, everyone needs to achieve the same goal: a sustainable pension system. He spoke with WDET's Pat Batcheller.

Read the report here