Monday, April 11, 2016

US faces $3.4T pension funding shortfall

ZIRP continuing to destroy local government finances... its a bad idea.

The Stanford study found that the states of Illinois, Arizona, Ohio and Nevada, and the cities of Chicago, Dallas, Houston and El Paso have the largest pension holes compared with their own revenues. 
In order to deal with the large funding shortfall, many cities and states will have to increase their contributions to their pension funds, either by raising taxes or cutting spending on vital services.

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