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Pension Crisis in the States
People's Weekly WorldLink to more items from this source
[Opinion]
June 4, 2004
Excerpt: In the wake of numerous pension scandals and swindles since the 2000 market crash, it should come as no surprise that many U.S. state retirement plans are seriously under-funded. The breadth and depth of the refinancing efforts highlight speculative abuses and miscalculations by many pension fund managers in the 1990's boom years.

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