Union Bosses Have Frequently Favored Schemes to Underfund Public Employee Pensions

On October 19, 2014, in News Clips, by Stan Greer

In a column appearing in RealClearMarkets this past week (see the link below), Steven Malanga of the Manhattan Institute cites a new study by Moody’s finding that from 2004 to 2012 unfunded liabilities in America’s biggest government pension funds nearly tripled to just under $2 trillion dollars. When confronted with such alarming data, the government […]