Thursday, June 23, 2011

Do you have an extra $1400?

Unfunded pension liabilities are a big problem in every level. State, county, and local governments are all struggling.

CNBC published a story about a study conducted by two finance professors who claim that local governments will need to tax citizens by an average of $1400 more each year to cover the costs of rising pension liabilities. Yikes!

Sounds like we need pension reform.

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