State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money.
:quality(75)/https://static.texastribune.org/media/files/ac4663e79b416628097ea59744969877/0418%20RGC%20Drought%20BL%20TT%2005.jpg?resize=440,264 "South Texas Farmers Are In Peril As The Rio Grande Valley Runs Dry — Again")
State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money.