Asking for pension bailouts is a level of chutzpah that I simply hadn't foreseen.
... [+]
“Will states and localities with severely underfunded pensions start to call for federal bailouts due to the pandemic? No - or not directly.
just today, Illinois Senate President Don Harmon has sent a letter to all members of the Illinois Congressional Delegation, seeking $41.6 billion in federal money for the state of Illinois, and among their requests are cash specifically for state and city pension funds.
Unspecified levels of “hardship payments” for hospitals, nursing homes, and other healthcare facilities.$10 billion in pension relief, directly for the state’s retirement systems:
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