“Florida taxpayers and their children are facing more than $10.5 billion in debt due to increasingly rich and consistently over-promised government pensions. These obligations will be paid by taxpayers who don’t have access to similar benefits in the private sector, because pension plan beneficiaries take on no risk, yet the taxpayers indemnify losses…
Florida taxpayers and their children are facing more than $10.5 billion in debt due to increasingly rich and consistently over-promised government pensions. These obligations will be paid by taxpayers who don’t have access to similar benefits in the private sector, because pension plan beneficiaries take on no risk, yet the taxpayers indemnify losses. State laws have forced hard-working taxpayers into larger losses because of their mandates to increase required local government benefits.
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