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| California Public Pension Funding Gap Widens as Liability Surge Raises Concerns San Bernardino Sun  Mar. 21, 2010 Excerpt: As local lawmakers brace for yet another round of budget cuts to make up for chronic shortfalls trickling down from Sacramento, some are pointing to burgeoning public pension liabilities as a looming financial disaster. Over the past decade, California's unfunded public pension and health care liability has soared from zero to nearly $60 billion, and experts warn that unless costs are cut and policies change, that number could increase dramatically in coming years. |
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