The unfunded obligations of pensions systems sponsored by state and local governments continue to grow as a result of unrealistic assumptions about investment returns in pension funds. States that say they’re running balanced budgets are concealing growing debt that crowds out much needed services and imposes higher taxes on current and future taxpayers.

For much more, visit www.pensionpursuit.org

Be sure to read “Hidden Debt, Hidden Deficits: 2017 Edition” by Josh Rauh, available here: [ Ссылка ]

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