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State Pensions Lift Economy, Study Says: Retiree Dollars Mean Annual $21 Billion in State
The Sacramento Bee; free registration required 
Apr. 19, 2007
Excerpt: Whether retirees are spending their pension dollars on rent or groceries, the money is fueling the growth of 139,000 new jobs a year with an annual payroll of $4.8 billion, researchers said in an economic impact report to be released today by California's giant public pension funds.
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