• HOME :
  • NEWS :
  • WEIGHING PUBLIC PENSION OBLIGATIONS VERSUS FISCAL SOLVENCY

Weighing public pension obligations versus fiscal solvency

NOVEMBER 20, 2018 | THE GMU MUNICIPAL SUSTAINABILITY PROJECT

“The American Federation of Teachers (AFT) and the American Federation of State, County & Municipal Employees (AFSCME) have filed a suit against the PROMESA Board and the Commonwealth … workers who have been unable to invest the more than $300 million they contributed to a new retirement plan. … The suits assert the undynamic duo have failed to put the pension deposits for tens of thousands of public pension deposits into proper accounts; asserting they have, instead, 'stashed' the money in non-interest bearing accounts at a scandal-plagued bank, Banco Popular …”

NEWS

Create your own charts

VIEW LESS