Jason Chaffetz’s warning to states: Don’t ask the feds to bail out your pension plans

Rep. Jason Chaffetz (R-Utah) on Wednesday introduced a resolution that says the federal government should not bail out state and local government pension plans, which today have a combined unfunded liability of more than $4 trillion.

Chaffetz’s resolution is non-binding, but its passage would put states on notice that they should not assume that the federal government will help them dig out of their pension obligations to government workers.


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