On the edge of the pension pit

On the edge of the pension pit
"Years of putting off budgetary responsibilities have left state and local governments staring into an abyss of pension liabilities. The facts reported in Barry Horstman's story, 'Generous pensions in deep hole,' make it clear the system is no longer sustainable. To continue funding these current plans at their current levels, taxpayers would have to give up many of the public services the public workers were hired to provide."