Tuesday, March 02, 2021

Prelude to a state pension bailout | American Enterprise Institute - AEI

Prelude to a state pension bailout | American Enterprise Institute - AEI
"After decades of mismanagement, state and local government pensions face unfunded liabilities topping $4.2 trillion. 
When a major public plan finally runs dry, you can bet Congress will bail it out no matter the crippling cost. 
Congressional Democrats’ Covid-relief package includes a multibillion-dollar bailout for union-affiliated private-sector multiemployer pensions. 
If politicians will bail out truckers’ and coal miners’ pensions, why would they turn away teachers and firefighters?...Read all.

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