Sensible Solution to the Sticky State Pension Problem

How to Pay for Pensions - NYTimes.com: "State and local governments everywhere are in sticker shock over the rising cost of public-employee pensions and scrambling to manage those obligations. New York State has taken a reasonable approach that allows public employers to pay a portion of their yearly contributions to New York’s $140 billion public pension fund and to pay the remainder in installments, with interest, over a decade."

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Charles Sanders Peirce - Thinking in Threes