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Digging a pension hole

Publié par Clifford Armion le 16/12/2011

Jason Grotto and Ray Long

SPRINGFIELD Illinois' pension system was in precarious enough shape in 1994 that Democrats and Republicans came together to solve a crisis threatening the state's financial future. The agreement they forged was supposed to take politics out of pension funding by requiring a steady stream of payments over the next 50 years. The law was billed as an "extraordinary measure" that would finally force the Legislature to fulfill its "constitutional responsibility" to hundreds of thousands of state workers past, present and future. The promise proved to be an empty one. Read on...
Pour citer cette ressource :

"Digging a pension hole", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), décembre 2011. Consulté le 02/03/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/digging-a-pension-hole