Adam Schuster
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Tiers and Fears: Illinois Is Ground Zero for the Public-Sector Pension Crisis | National Review

Tiers and Fears: Illinois Is Ground Zero for the Public-Sector Pension Crisis | National Review

seems not only unfair, but also unreasonably costly, to force hundreds of millions of Americans to shoulder a burden that has nothing to do with them.Only of Americans working in the private sector have access to a defined-benefit pension plan as their sole form of retirement security. The rest of us must rely on some combination of 401(k)s, hybrid plans, or Social Security.Yet the country is sitting on in public-pension debt at the state and local level.To understand the problem, look no further than Illinois — Land of Lincoln and home to the …ByYou’ve made it to December in our annus...

Dec 2
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State bailouts should come with strings attached

State bailouts should come with strings attached

Follow Us   © 1996-2020 News CommunicationThe views expressed by contributors are their own and not the view of The Hill © istockA debate is heating up in Congress about whether to send additional financial aid to state and local governments. This week, senators released a  state and local government bailout proposal. Congress already approved  in funding for costs directly related to the COVID-19 pandemic, but that money cannot be used to make up for revenue losses stemming from the economic fallout of the virus. On one side, proponents are pushing blank-check bailouts of hundreds of...

May 21, 2020
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