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Public Pension Plans Posing Problems
The nation faces rising public pension costs driven by political expedience union pressure and wage growth. New York City and state budgets show large pension shares with projections of up to half or more of spending. Experts warn funded vs pay as you go approaches and unfolding court actions threaten many cities and states across the country.
MENTIONED IN THIS ARTICLE
New York
New York City
New York State
Los Angeles
Dan M. McGill
University of Pennsylvania
McGill
Pension Research Council
Pennsylvania
Wharton School of Finance
Victor Gotbaum
American Federation of State
Gotbaum
General Motors
Detroit
Philadelphia
Illinois
Manhattan
Actuaries
Massachusetts
Pennsylvania Economy League
New Jersey