Why We Need the Madmen in Authority
Did you know that Oklahoma is ranked 28th in population but in 2011 had one of the nation’s largest unfunded pension liabilities? The Reason Foundation’s Pension Reform Newletter carries an interview with Oklahoma state legislator Randy McDaniel, who explains: OPERS is the state’s second largest retirement system. In 2010, the system had a $3.3 billion unfunded liability, … The big picture is the state had over $16 billion in total unfunded liabilities. In a reform process entering its fifth…
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