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Retirement benefits for government employees typically also rely on the current government adequately funding those liabilities. There are several examples of g
by fredophile 8y ago
Retirement benefits for government employees typically also rely on the current government adequately funding those liabilities. There are several examples of governments that consistently failed to do this and then reducing those benefits when they need to be paid out.
- WalterBright 8y agoAnother way of saying that is the benefits package is so large it often throws the city/state government into a crisis.