“California, New Jersey, Ohio, Pennsylvania — Perilous Public Pensions Provide Cautionary Examples for Oklahoma?”

Oklahoma’s pension system ranked poorly in a recent report by the Pew Center on the States. That study used data through 2010, after which state lawmakers started making changes, but a push for “further improvements in 2012 was largely frustrated,” Patrick B. McGuigan writes.

While Oklahoma continues to enjoy notable economic growth and one of America’s lowest unemployment rates, stories from across the nation provide cautionary examples of how unfunded liabilities can envelop even seemingly-prosperous communities … Such challenges for systems across America are echoed in Oklahoma’s continuing difficulties, although many analysts believe the Sooner State is steadily transforming government pension and retirement structures.

Read more at: capitolbeatok.com

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