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New Accounting Rules Expose Bigger Funding Gaps for Public Pensions
The Washington Post; subscription may be required
Aug. 17, 2012
"The accounting changes themselves will not force policymakers to alter how they fund pensions. But finance experts say that by simply highlighting greater funding gaps, the rules will intensify pressure on state and local governments to allocate more of taxpayers' dollars to their pension funds. More likely, public workers may have to contribute more to their retirements or see promised benefits curtailed, measures that have already been implemented in more than 40 states."
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