The Constitution Can't Save Underfunded Public Pensions

The Constitution Can't Save Underfunded Public Pensions
AP Photo/Bebeto Matthews, File

Government employee unions won in a landslide last week, defeating New York's ballot question to update the state constitution by 78 percent to 16 percent. Public-sector groups were worried that any changes would imperil their pensions, which the constitution guarantees.

But public-sector workers should worry less about words and more about numbers.

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