Do Public Pension Shortfalls Mean You’ll Face a Tax Hike?

Public-employee pension plans across the United States are trillions of dollars short of what they need to pay out the generous retirement benefits politicians have promised state and local government employees.
According to Center for Retirement Research at Boston College, public pension funds are collectively $1.6 trillion short of the money they will need to pay government employees throughout their retirement years.

How much money would your household need to come up with in order to fully fund any shortfall of your state’s government-employee pension fund after public employees no longer work as public servants?
The map below indicates just how deep in

Read more at The Independent Institute