The pandemic isn’t just a health disaster. It’s a disaster for cities and states, where the money to run government that normally comes in every year has evaporated. Congress may or may not help.
Most states struggle to meet pension funding needs – and the pandemic will make it worse.
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Many of the public employee pension plans run by states don’t have enough money in them to make upcoming pension payments to retired state workers. The pandemic could make that problem much worse.
Where you decide to live will impact your career.
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