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Public Pensions Need Not Be Fully Funded to Be Sustainable
MSN News 
May 28, 2021 "The way state and local governments have always accounted for their pension costs is backwards, suggests a new working paper, and its proposal for reversing that represents a sea change for public finance.... Put in plainer English, there's no reason that municipalities need to have money in the bank to pay the entirety of their calculated current and future benefits now." MORE >> |
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