News

State pension funding hits record shortfall, report finds

Geoff Mulvihill  |  April 13, 2018

“While the study looks only at pension funds with major state-government involvement, systems run by cities, counties, school districts and other local entities have had similar problems. Just this week, the Chicago suburb of Harvey, a city with a history of underpaying its pension obligations, announced deep layoffs in its police and fire departments. Officials blamed their rising pension obligations.”

Read the full article on: U.S. News & World Report

 
comments powered by Disqus