Peter Orszag: Pension funding scare won’t frighten all states

Politics in Minnesota > News > Capitol Report > Peter Orszag: Pension funding scare won’t frighten all states

Peter Orszag: Pension funding scare won’t frighten all states

by Peter Orszag
Published: October 24,2012
Time posted: 2:41 pm

State and local governments, struggling to emerge from the aftermath of the financial crisis, face another looming funding gap: in their public pensions. These plans hold almost $3 trillion in assets and cover more than 10 percent of U.S. workers, so they’re an important force in the economy.

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