MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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The Burden of Pensions on States
By artappraiser on Sat, 03/12/2011 - 1:52pm |By Mary Williams Walsh, New York Times Business, March 10/11, 2011
For public workers in Wisconsin, there’s more bad news. Having lost the battle on collective bargaining, they may soon be asked to make more financial sacrifices.....
Other states will also probably find that Wisconsin’s idea of simply dividing pension contributions between labor and management is an illusory solution to their long-term financial woes. That’s because several studies have shown that promises to workers are far more costly than routinely calculated by Wisconsin and most states.....
Go to link for this chart full-sized:
URL:
http://www.nytimes.com/2011/03/11/business/11pension.html?src=me&ref=business
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