Maryland's State Pension Blues
By Arnold Kling
The Examiner reports,
State teacher pension payments will grow 10 percent annually and its benefits contributions will grow 8 percent annually, while General Fund revenues — responsible for all teacher pensions and 60 percent of benefits — will increase only 5 percent each year through 2015, according to Warren Deschenaux, the state’s chief budget analyst.
What it means to be a blue state these days is that the public sector unions are politically dominant. They do not care about the future of their states. They only care about member benefits.