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Municipalities are struggling to make public payroll, maintain basic services or meet pension fund obligations.
If taxes are high in one region to meet pension costs, people and businesses may move elsewhere.
The trust has since gone into administration, and the museum's collection will be sold to help meet pension obligations.
The money is to help Visteon meet pension and health-care costs inherited from the car giant.
America's state and local governments are struggling to meet pension and health-care obligations to their retired workers.
The fiscally troubled city of 290,000, in California's depressed Central Valley, was slashing spending and cutting services in order to meet pension and health-care obligations.
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As so often when politics meet pensions, the temptation to go for the quick fix seems to have proved irresistible.
The scramble to get the funds together could leave Athens unable to meet pensions and welfare payments at the end of May.
France hasn't balanced a budget since 1974, it has among the highest public spending in western Europe and has to borrow to pay its public sector salaries and meet pensions payments.
According to CACS, at that point the amounts required to meet pensions will exceed $600 billion.
What really counts is the cash cost of meeting pension benefits.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com