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: Instapundit.comTHE HILL: Businesses and unions to meet on possible pension disaster. An August report by the Ke?
By Glenn Reynolds
THE HILL: Businesses and unions to meet on possible pension disaster.
An August report by the Kellogg Graduate School of Management at Northwestern University found government pension programs in as many as 31 states are headed for financial disaster by 2030 and that taxpayers will likely wind up paying for unfunded liabilities.
?Even if states uniformly eliminated generous early retirement deals and raised the retirement age to 74, the unfunded liability for promises already made would still be more than $1 trillion,? Kellogg associate professor Joshua Rauh said in prepared remarks.
Read the whole thing.
Full post as published by Instapundit.com on September 06, 2010 (boomark / email).
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