Governments face higher pension costs in 2021

Editor’s note: This page is updated frequently with the most crucial news on pension issues. Please make sure to bookmark this page and check back on a regular basis.April 9, 2020 Update: There’s no denying that public pensions are taking a major hit in the current market volatility. However, it may be a while before they feel the worst effects of it. City, state and local governments are being hit hard by significantly lower tax revenues because large swathes of the economy are shut down.The San Diego Union-Tribunepoints out that many local governments won’t have to boost their annual pension…

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