Playing politics with pensions

A mini-roundup: “How State Pension Funds — and 401k Managers — Prioritize Politics over Returns” [Ike Brannon, Cato/Forbes.com, more; related, Eric V. Schlecht, Economics 21] “The California state teacher retirement system open letter to Apple about ‘smartphone addiction’ provides another point in favor of giving these workers individual accounts with a private provider.” [Caleb Brown on Twitter] “Those shares belong to the college savers, not him”: Illinois treasurer uses 529 funds to push Facebook, other firms on political issues [Cole Lauterbach, Illinois News Network]

And as to scale and solvency: “A $76,000 Monthly Pension: Why States and Cities Are Short on Cash” [Mary Williams Walsh, New York Times on strains in Oregon]; Eric Boehm, Reason.

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