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Underfunded Public Pensions…A Shared Problem
With reports that “half the states have pensions that are 70% funded or much worse,” there is a looming crisis on the horizon (and not that far away actually) that will have a fairly wide impact on just about all of us. Whether it’s cuts in service by state agencies or the need for a federal bailout to stay afloat (and guess where that money would come from!), there’s little doubt that the blowback will be widespread. Forbes contributor Richard Eisenberg takes a look at this situation in a post on forbes.com. Check it out here…
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