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Where pension debt is a looming danger to taxpayers, via Texas Public Policy Foundation Both private and public pensions have been having major funding issues and struggling to get a good ROI for a number of years. So it’s no surprise that any sort of economic relief package presented to Congress would include funds for pensions. Especially since a “bailout” culture seems to have taken root in America. The recent $1.9 trillion COVID-19 stimulus bill The New York Times reported that it contains $86 billion for struggling pensions: The $86 billion is a taxpayer bailout for  about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.

United statesNew yorkJeff mironJames naughtonNew york timesTexas public policy foundationPension benefit guaranty corporationCato instituteUniversity of virginia darden school businessGot theirTexas public policySenator bill hagertyAmerican rescue planThe endDarden schoolPension benefit guaranty