Origins of the Public Employee Pension “Crisis”

What's an "unfunded pension liability"? As part of the efforts of conservatives who are desperate to cut government spending (particularly on any kind of employee or social benefit spending), we are being treated to an unending drumbeat of "unfunded pension liabilities" are killing state and local government budgets.  Since it's all couched in accountant-type talk … Continue reading Origins of the Public Employee Pension “Crisis”