When a state puts matching funds in workers 401(k) plans each year, that is an easily quantified expense. A state that makes pension promises can minimize the s

When a state puts matching funds in workers 401(k) plans each year, that is an easily quantified expense. A state that makes pension promises can minimize the stated expense by using unrealistic investment assumptions. Government workers' unions and politicians have collaborated to make promises that are ruinous in the long run. If politicians had been more honest and unions less greedy, I would be ok with public pensions. But both groups have shown that they are not to be trusted.