Why New Jersey, Illinois, and Connecticut Risk Pension Fund Pressure

Why New Jersey, Illinois, and Connecticut Risk Pension Fund Pressure

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Quizizz Content

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The video discusses the economic outlook for states, focusing on rainy day funds and the challenges faced by low-rated states like Illinois, Connecticut, and New Jersey due to unfunded pension liabilities. It highlights a Supreme Court ruling that enhances states' negotiating power with public sector unions, potentially benefiting states with pension issues. Additionally, the video covers the impact of a Supreme Court ruling on online sales tax, which could benefit states like Michigan, Nevada, and Louisiana due to their reliance on sales tax.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the differences in pension fund ratios between right-to-work states and non-right-to-work states?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Which states are expected to benefit the most from online sales tax and why?

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