Adam Andrzejewski writes in Forbes:
What has a $3.5 trillion unfunded liability, manually calculated on paper inside a Pennsylvania mountain, and costs taxpayers more money annually than the entire state budget of Florida? Answer: Federal employee pensions.
Fact: Federal court rulings state that disclosing the pension amounts of retired congressional
representatives and senators violate their privacy rights.
Forcing open the federal pensions will take an act of Congress. Citizens should demand it. At the state level, 32 states – including the union strongholds of California, Illinois and New York - already opened their books on public pensions. (Read More.)
Sheesh, even Illinois has opened the books on individual pension benefits. And we thought we had it bad in Illinois.
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