Elaine L. Chao–A day of reckoning for public pensions: The bills are due, the coffers are empty
For the past few decades, many local and state governments evaded… [certain set] requirements, using an array of accounting gimmicks and rosy economic predictions to routinely understate pension fund liabilities and overstate assets. All the while, cozy arrangements between politicians … Continue reading Elaine L. Chao–A day of reckoning for public pensions: The bills are due, the coffers are empty
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