Public Sector Pensions Under Attack, by Bill Raden

"Call it the tale of two pension crises. Long a target of right-wing think tanks and hedge-fund managers, the retirement security of unionized state, county and municipal employees is typically seen by conservatives as the Achilles heel of labor’s political clout in Sacramento. The bitterest irony for all American workers economically kneecapped by the 2007 global financial crisis is that they are footing the still-ongoing, $16.8 trillion-dollar bailout bill that rescued the banks ultimately responsible for the California public pension system’s shortfalls that Dolan and the L.A. Times blame on CalPERS and union greed."