Stock-Market Woes Exacerbate State Pension Problems

One of the biggest festering problems in American politics in recent years has been the long-term struggles of states to maintain the fiscal solvency of their publicly-funded pension programs. That problem was able to take a backseat during the pandemic, especially when markets were bullish. But now that that trend has been reversed and public pension investments are struggling along with the rest of the stock market, the underlying crisis is only becoming worse.

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