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David Ditch: Initiative likely to save billions in pension costs over time

David Ditch: Initiative likely to save billions in pension costs over time
Pension changes aim for long-term savings

David Ditch observes that while the immediate savings from this initiative may be unclear due to the mechanics of appropriations, it is expected to save billions in pension costs over the long term.

He emphasizes the significant financial impact these cost reductions could have over time.

Ditch previously reported that New York's Medicaid spending grew 16 percent in one year, even as the state's population remained mostly unchanged and per capita costs stayed high (read more). He has also argued that proposals to raise taxes for Social Security could reduce investment and negatively affect economic growth (more here). His recent comments continue his focus on the fiscal effects of major entitlement programs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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