If pension liabilities continue to be understated, the state faces a significant risk and policymakers may be forced to make drastic cuts to services or significantly raise taxes in order to meet the state’s pension obligations. The risk posed to Missouri’s financial well-being is a real and serious one.
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About the Author
Michael Rathbone was a policy researcher at the Show-Me Institute. He is a native of Saint Louis and a 2008 graduate of Saint Louis University, where he earned a bachelor of science degree in biomedical engineering. In 2010, Michael obtained an M.B.A. from Washington University in St. Louis with concentrations in finance and health care management. At the Show-Me Institute, Michaels policy areas included the state budget, taxes, public pensions, and public subsidies. He also delivered lectures to area high school students about the Great Depression from an economic perspective. Michael lives in Fenton.
