http://ift.tt/1sHX1gh
By Gregory A. Stein and Wayne Winegarden Unfunded government pensions are driving municipalities across the country into bankruptcy – from Detroit, Michigan (the largest municipal bankruptcy ever) to Vallejo, California. Despite the need for states and municipalities to have contributed large annual payments to their pension funds over many years, as a [...]
from Forbes Real Time http://onforb.es/10MMjIK
By Gregory A. Stein and Wayne Winegarden Unfunded government pensions are driving municipalities across the country into bankruptcy – from Detroit, Michigan (the largest municipal bankruptcy ever) to Vallejo, California. Despite the need for states and municipalities to have contributed large annual payments to their pension funds over many years, as a [...]
from Forbes Real Time http://onforb.es/10MMjIK