• HOME :
  • NEWS :
  • NEW TAX LAW MEANS FIGHTING OVER UNFUNDED STATE PENSION PLANS IS ABOUT TO GET WORSE

New tax law means fighting over unfunded state pension plans is about to get worse

JANUARY 11, 2018 | by Robert Pozen | MARKETWATCH

By Robert Pozen, includes “… In short, the new federal restriction on SALT deductions will open up a new window on reforming state benefit plans with large unfunded liabilities. As voters absorb the financial implications of the new restriction, they will probably oppose tax increases and service cuts to deal with these liabilities. Instead, they will pressure elected officials to renegotiate benefit plans to the extent legally permissible.” 

NEWS

Create your own charts

VIEW LESS