City of Harvey’s Pension Liabilities Raise Questions on Municipal and State Responsibility

The city of Harvey, Illinois, announced the layoffs of 40 police officers and firefighters last April. The cuts were a devastating blow to the city, as the departing employees represented nearly half of Harvey’s public safety workers. Unsurprisingly, unmanageable pension liabilities were the catalyst behind the layoffs. What makes Harvey’s

Read more at Reason.org