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State Pension Plans in Crisis: Underfunded by $1 Trillion?
CNNMoney Link to more items from this source
June 16, 2010
Excerpt: According to the Manhattan Institute for Policy Research, pension plans for public school teachers, which comprise about half of states' total pension liabilities, were underfunded by $933 billion dollars in fiscal year 2008, almost three times the amount that the plans had reported.

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