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Looking at Arkansas’ high debt burden

AUGUST 16, 2018 | by Marc Kilmer | THE ARKANSAS PROJECT

Unfunded pension and post-retirement benefits liabilities are very concerning because either one of two things will happen: spending must increase to deal with them or the promised benefits are scaled back. With the first option, the longer that legislators wait to fund these liabilities, the more expensive they get. With the second option, there are various legal concerns that, even if overcome, will lead to a disgruntled workforce that rightly dislikes having retirement promises broken.

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