Why Employee Pensions Aren't Bankrupting States
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Why Employee Pensions Aren’t Bankrupting States

By Kevin G. Hall
From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn’t match reality.
A close look at state and local pension plans across the nation, and a comparison of them to those in the private sector, reveals a more complicated story. However, the short answer is that there’s simply no evidence that state pensions are the current burden to public finances that their critics claim.
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