PENSION CUTS

In Budget Crisis, States Take Aim at Pension Costs

In Budget Crisis, States Take Aim at Pension Costs

States are beginning to do something to benefit the society. Unfortunately, states are still in the process of recognition and ongoing efforts, experts say, as a drop of water in an empty bucket, and suggest that changes must be made in the form of payment of existing pensions. The New York Times examines the situation that the states set their sights on pension costs in order to cope with the budget deficit.

Illinois has increased the age of an individual's retirement to sixty seven ...