Munnell, Alicia H.; Aubry, Jean-Pierre; Hurwitz, Josh; … - Center for Retirement Research (CRR), Boston College - 2013
Stories in the popular press suggest – particularly in the wake of the bankruptcy of Detroit – that pensions are the major expense of American cities and will lead to their widespread collapse.1 Thus, it is important to know the burden of pensions on cities. This burden can be measured in...