Providence’s pension obligation bomb

Steven Frias  |  June 10, 2021

Op-ed by Steven Frias, includes “Because so much can go wrong with POBs, they should be avoided. Not surprisingly, the Government Finance Officers Association does not recommend the use of POBs. However, for politicians, it is easier to gamble in the stock market with borrowed cash than to reduce pension benefits for government employees.”

Read the full article on: WarwickOnline (Rhode Island)

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