How to End the Public-Sector Pension Crisis: Adrian Moore

“Optimistic scenario: it’s $1 trillion in unfunded liabilities,”
says Adrian Moore,
vice president of policy at Reason
Foundation about public-sector pensions at the state, county,
and local levels. “More realistic scenario: You’re looking at $2
trillion to $4 trillion in unfunded liabilities. That’s a
huge debt.”

Over the past dozen or so years, Moore tells Reason TV’s Nick
Gillespie, state and local governments have allowed their payrolls
be taken over by pension obligations. Rising pension costs have
been a key factor in municipal bankruptcies across the country.

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