Posted: Mon. July 20, 2015
Senior Fellow Lawrence McQuillan, author of California Dreaming, is interviewed on the Tom Brown Radio Show on WEZS in New Hampshire. McQuillan tells of the unfunded pension crisis facing cities, counties and states across America. Services are being cut by municipalities in order to pay for the retirement benefits of public employees. Recently bankruptcy courts have cut payments to retirees in settlements. McQuillan has a better plan which involves switching pension plans into private enterprise style 401k retirement plans.