Fresno is only one of seven cities or states nationwide with a pension surplus, according to a study by Fellner’s organization and the group Wilshire Consulting. The rest are $6 trillion short, setting aside just 35 cents for every dollar promised.
The strategy of shutting much of the state down – from lockdowns to school closings – has done far more harm than good, in part because it’s taken health officials’ eyes off of the elderly and the infirm.
Mamie Cosey and her family are victims of a growing malaise impacting cities across Illinois, where residents are taxed out, services are being slashed, police and firefighters are losing their jobs, and public pensioners are losing their retirement security. A recent law that garnishes city tax revenues to pay for pensions is making things worse.