I hope that you are all doing well
during these tough times of 'sheltering in place'. Although incredibly
boring, it appears to be having positive results.
This editorial is but one of many articles on the topic of states requesting bailouts for their pension debt. Here is a link to another excellent article:
Congress is, as usual, divided on the matter, with Speaker Pelosi apparently in favor of asking for federal funds for such bailouts. It will be interesting to see how this plays out.
I feel certain that most of us do
not believe that states should be rewarded for their reckless
mismanagement and excessive generosity of pensions coupled with their
ongoing resistance to meaningful pension reform.
Here is a link to the Chicago Tribune editorial referenced in the article below:
This editorial and more articles on this topic are posted on our Facebook page for your comments.
Take care and stay safe,