Saturday, February 11, 2012 | Privacy Policy
Politics:
No Federal Bailouts for State and Local Government Pension Problems
There is bad news and worse news for state governments faced with underfunded pension promises. First, a new academic study shows that not only is the total gap between the pensions that state governments have promised to pay their employees and the available resources much larger than previous estimates, but that gap cannot be closed with easy changes to those promises.
View Source: http://blog.heritage.org/2010/08/27/no-federal-bailouts-for-state-and-local-government-pension-problems/
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