Puerto Rico teeters on fiscal edge over pensions

Associated Press
Puerto Rico teeters on fiscal edge over pensions

A retiree carries a sign that reads in Spanish “Do not play with my pension” during a protest outside the government pension headquarters in San Juan, Puerto Rico, Wednesday, Jan. 30, 2013. Puerto Rico is confronting what economists and financial analysts say is a ticking fiscal time bomb: A public pension system with a $37.3 billion unfunded liability that must be addressed soon, at a time when the U.S. island territory's government has little money to spare, or thousands of retirees could start to see benefit cuts. (AP Photo/Ricardo Arduengo)

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