Setting the Record Straight About Public Pensions

Source: Leigh Snell, Government Finance Review, Vol. 27 no. 1, February 2011

Is there really a public pension crisis? And what can – and should – be done to address legitimate concerns about the sustainability of the pension benefits of public workers? Before any productive discussion can occur, it is necessary to agree on some basic facts, distinguish reality from hyperbole, and set the record straight.

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