Free Market Friday: Fairy tales, pensions and math

Lawmakers ignored financial reality and still voted for an unfunded benefit increase. The unfunded COLA further drains pension assets, adding an estimated $400 million in unfunded liability to the teachers’ system alone.💸


Primarily because of Republican House members, lawmakers voted to raid state pensions and increase benefit payments to state government retirees – without funding to cover the increased cost, durin…

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from Oklahoma Council of Public Affairs Free Market Friday: Fairy tales, pensions and math