Tags: Coronavirus | pension | retirement | budget | bailout

Blue States Leverage Virus to Demand Billions in Pension Bailouts

(Dreamstime)

By    |   Thursday, 23 April 2020 02:00 PM

Republicans and Democrats are squaring off over whether states should be entitled to federal bailouts to shore up chronically underfunded state pension funds that have suffered massive fiscal hits due to the COVID-19 pandemic.

Republicans oppose a package to funnel more cash into the depleted coffers of those states’ sinking pension funds, while Democrats seek billions to rescue them.

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Republicans and Democrats are squaring off over whether states should be entitled to federal bailouts to shore up chronically underfunded state pension funds that have suffered massive fiscal hits due to the COVID-19 pandemic. Republicans oppose a package to...
pension, retirement, budget, bailout
405
2020-00-23
Thursday, 23 April 2020 02:00 PM
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