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Pension Shortfalls Put Pressure on Strained University Budgets (PDF)
The Chronicle of Higher Education 
Feb. 10, 2009
Excerpt: With the stock market in decline, college pension plans are losing money, and administrators are scrambling to cover the shortfall. At some institutions, defined-benefit pension plans are at their lowest levels in decades. Many plans now hold less than three-quarters of the money they will need to pay retiree benefits, says Olivia S. Mitchell, a professor of insurance and risk management at the Wharton School of the University of Pennsylvania.
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