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Rethinking the Public-Pension Punching Bag
Bloomberg 
[Opinion] Jan. 13, 2011 "Reforming won't be easy. The harsh fiscal reality is that in most cases, public pension obligations in states and cities can't be changed for existing workers. Those workers will continue to earn their promised pension benefits throughout their government career, although a number of state governments are trying to tinker at the margin, such as by changing cost-of-living payments. Municipalities in Chapter 9 bankruptcy can renegotiate pensions." MORE >> |
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