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Rhode Island Auditor Tells Pension Plan Horror Tale
Bloomberg July 13, 2007
Excerpt: In Rhode Island, 25 communities run 37 pension plans for their employees, and 21 of those plans are in trouble because the municipalities aren't putting away enough money. Those statistics are featured in a report on the pension plans administered by Rhode Island localities published on July 6 by Auditor General Ernest A. Almonte.
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