Friday, December 24, 2010

Property taxes to rise as pension deficits increase #unions #tlot

The politicians who have neglected their duties and are robbing both the taxpayers and the public workers should go to jail.

Amplify’d from

Philadelphia's pension fund is 45% funded—meaning its assets represent 45% of its long-term liabilities—and the city's payments are projected to increase to $600 million in 2015, up from $230 million in 2004. Actuaries recommend pension systems be 80% funded.


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