What are the political reasons public pensions are underfunded?

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After reading the Dorfman article, “Public Pensions are Still Marching to Their Death (Links to an external site.)”, respond to the following questions:

  • What are the political reasons public pensions are underfunded?
  • If the pension problem is political, what steps would have to occur to remedy the problem? Do you think such a remedy will ever take place?
  • If you do not see a remedy for the situation, what do you predict will happen to public pensions in the future?

http://www.forbes.com/sites/jeffreydorfman/2014/09/11/public-pensions-are-still-marching-to-their-death/

 

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