Study Finds Public Pension Promises Exceed Ability to Pay
. . . and many will fail, or partially fail stranding many of the pensioners.
We've discussed this before. This is a very serious problem which is treated un-seriously because neither the politicians, nor the unions want to be limited in how much future money they can throw at the union members. This is shockingly unethical on the part of both the politicians, and the unions.
Worse yet, every time I take a serious look at this problem it has become worse, more endemic, broader, and more intractable. I fully expect this to be part of the Great Realignment where Millennials take Boomers to task for screwing them out of trillion of dollars.