What price pensions?

It's going to hurt and hurt badly.

by James Leonard

posted 2/28/2011

Ask Washtenaw County Treasurer Catherine McClary about the perils inherent in underfunded retirement plans and she'll tell you flat out: "It's a time bomb for government at all levels. The assumption is that government will always be there and always pay. But while that's been true in the past, it may not necessarily always be true in the future."

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