Debt Crisis Looms For Big Labor-Ruled States
8/31/20
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from NRTW Newsletter,
August, 2020:
Union Dons Push For Even More Spending Amid COVID-19 Recession
State and local pension plans suffered a steep downturn this spring due to the impact of the COVID-19 pandemic and the business lockdowns imposed by elected officials to contain its spread.
Of course, government pension underfunding is not a new problem.
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