Month: July 2018

Over-Promising Has Crippled Public Pensions, A 50-State Study

The real problem plaguing public pension funds nationwide has gone largely ignored… Most reporting usually focuses on the under-funding of state plans and blames the crises on a lack of taxpayer dollars. But it’s the uncontrolled growth in pension promises that’s actually wreaking havoc on state budgets and taxpayers alike. Over-promising is the true cause of many state crises. Under-funding is often just a symptom of this underlying problem.

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