Relevant:
- Pension "Armageddon" in Pittsburgh; State Threatens Takeover of City Pension Plan
- Pittsburgh Ponders "Fair Share" Tuition Tax To Fund Pensions
- Pittsburgh housing prices hit peak in 1Q
- Pensions - A trillion here, $500 billion there
- Report: State and Local Governments Have Almost $4 tln Pension Shortfall
2010-10-23 — blogspot.com
Pittsburgh has unfunded pension liabilities totaling $718 million. Those liabilities are a black hole that will continue to grow unless the structural issues are addressed.
Sadly, Pittsburgh agreed to put off addressing the real issues and instead floated a 30-year bond.
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