New at Reason: Veronique de Rugy on the State Pension Time Bomb

March 8, 2011

For decades state officials have encouraged adults to believe in the financial equivalent of the Tooth Fairy: that state pensions can yield high returns while being risk-free. But as Contributing Editor Veronique de Rugy explains, now taxpayers are in for a serious toothache. Poor accounting rules and flagrant irresponsibility have sped up the states’ day of reckoning.

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