Daily (more or less) commentary on news and events in Carbondale and the Southern Illinois region, with occasional excursions to other locales.
Tuesday, February 23, 2010
Public Pesnions
Given the problems the city is having in meeting its budget, a lot of which is blamed on the unfunded mandates from the state for pension payment, it's interesting to read that, by and large, the pension systems in most states are in good shape. It's the raiding or unfunding of Illinois pension plans since the 90s that has left them in such poor shape.
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