Legacy costs from attractive compensation packages

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Legacy costs from attractive compensation packages to public sector union workers have resulted in major financial meltdowns in Greece, Ireland, Spain, and Portugal. Similar legacy costs threaten to bankrupt the state of Illinois, and federal government has multiplied trillions of dollars of unfunded legacy costs for federal workers. Explore this problem, using unbiased sources. As policy managers, how would you address these problems?

Reference no: EM132224651

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