The complex nature of the retirement system tends to obscure the importance of pension reform. This has contributed to an unfortunate lack of urgency over the years. But while the details can appear daunting, the crux of the matter is simple: Louisiana has promised its retirees more than it can deliver.
Tea Party activists joined with Sen. Elbert Guillory (D-Opelousas) last week to testify in favor of legislation to suspend federal health care regulations and empower state officials. Guillory’s bill would enable Louisiana to enter into Health Care Compacts (HCCs) with other states.