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Reason Foundation Issues Commentary: Public Pension Debt Should Be Scrutinized Like Other Types of Government Debt
February 13, 2026
LOS ANGELES, California, Feb. 13 -- The Reason Foundation issued the following commentary on Feb. 12, 2026, by senior fellow Rod Crane:

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Public pension debt should be scrutinized like other types of government debt

Without comprehensive pension debt reform, states face continued financial pressures and diminished flexibility for future budgets.

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Pension liabilities are retirement obligations contractually promised to public w . . .

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