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Critics Question Perry's Handling of Pension and Health Care Funds in Texas
Star-Telegram
Oct. 3, 2011
Those public pensions have a combined unfunded liability of $41 billion, and a half-dozen funds, including the state's two largest, have promised benefits that they will never be able to pay under current financing models, according to records compiled by the Texas Pension Review Board. What's more, the $1 billion supplemental healthcare fund for Texas teachers is predicted to go bankrupt by 2014.
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