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Study Calls for 'Drastic Reform' of Public Pension Regulation
State Budget Solutions 
[Opinion] June 1, 2012
"Recent studies by the Harvard Kennedy School Mossavar-Rahmani Center and the Federal Reserve Bank of Cleveland prove all municipal and state pension funds eventually will run out of money without immediate radical reforms and 'huge' future tax increases.... What we end up with is public policy that hides trillions of dollars in debt, puts 27 million public workers and retirees at risk of poverty and actually encourages the risky, reckless behavior that caused this municipal and state pension crisis in the first place."
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