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Taxpayers, Employees Can Probe Financial Health of Public Pensions
State Budget Solutions
July 25, 2012
"Most public workers covered by defined benefit pension plans -- and taxpayers stuck with the tab -- don't have to wait years to find out what's happening to their money. They can get quarterly reports from the Top 100 funds representing 89.4 percent of 'financial activity.' Those funds ... send quarterly reports to Census to compile '...national summary data on the revenues, expenditures, and composition of assets of the largest defined benefit public employee retirement systems for state and local governments.'"
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