Business Insider has rated Indiana as the #3 state in those listed as having pension funds due to run out. We've got a few years before that happens, but when it does that will mean our taxes are going to have to rise to meet the governments obligations to pay off their employees retirements, even if you have no retirement security. The state has to start reformation of their system now. Raising retirement ages and doing away with pensions, switching their employees to 401K and the like.
Advance Indiana: Indiana State Pension Fund Among First Headed For Insolvency
The First 11 State Pensions That Will Run Out Of Money
Advance Indiana: Indiana State Pension Fund Among First Headed For Insolvency
The First 11 State Pensions That Will Run Out Of Money