When your state is financially underwater and the bond rating is dropping because of unpaid pension liabilities, you gotta do something. So – why won’t the Legislature act more decisively?
“Nevertheless, it’s gotten to the point where our state’s net worth is now in a negative posture, our bond rating has been reduced and the liabilities keep growing, so we simply cannot do nothing. We can’t adopt that policy option. We have to do something, and we think we’ve got some good recommendations that will benefit not just future beneficiaries of the plans but taxpayers, as well,” said Ventriss.
Read the Full Story at: