WA Bill’s Changes to Public Pension Funding Could Cost Taxpayers, Critic Warns
(The Center Square) - For years, Washington state’s public pension system has been considered one of the best funded in the nation. However, one critic of a new bill passed by the state Legislature warns that it could undermine the system’s solvency in the long term and at the expense of taxpayers. One of the key factors in actual assumptions is determining the assumed rate of return on investments that fund the system, which in turn determines how much the state Legislature must contribute.
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Show Notes
(The Center Square) - For years, Washington state’s public pension system has been considered one of the best funded in the nation. However, one critic of a new bill passed by the state Legislature warns that it could undermine the system’s solvency in the long term and at the expense of taxpayers. One of the key factors in actual assumptions is determining the assumed rate of return on investments that fund the system, which in turn determines how much the state Legislature must contribute.
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Read more: https://www.thecentersquare.com/washington/article_82f2f194-248d-4dc8-b1d6-47ac870e7e48.html
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