Opinion Columns & Blogs

Pension borrowing is a risky bet

Colorado, Kentucky and Pennsylvania are considering following the lead of Kansas, which is borrowing $1 billion to help shore up its pension plan. The hope is that the states can invest the money and earn more than they pay out in interest. But as the website Investors.com warned, that’s a risky bet with a rocky track record: “If these governments bet wrong, taxpayers could pay a steep price.” – Phillip Brownlee