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Study Gives Bad Advice on State Pensions
Mercury News Link to more items from this source
[Opinion]
Feb. 20, 2011

All these reports grossly overstate public pensions' unfunded liabilities. They have fueled hysteria about pension costs pushing governments to the brink of insolvency and default. And they've been exploited by politicians who despise public employee unions and their defined-benefit plans, and want to entrust families' retirement security to Wall Street's good graces.

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