The Truth About Cash Balance Pension Plans

By Kevin Kane
Critics of Governor Jindal’s proposed “cash balance” pension plan for state employees have made a number of inaccurate claims. The current retirement systems have amassed an astonishing $18.9 billion in unfunded liabilities, but reform opponents defend the status quo with scare tactics while relying on a flawed report from the Legislative Auditor.

TAGS: Bobby Jindal, cash balance, defined benefit, legislature, Pension Reform, pensions, Retirement, Taxes