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Games States Play with Underfunded Pensions
Fox Business Oct. 9, 2012
"[Bob Williams, a former Washington state legislator, gubernatorial candidate and auditor with the Government Accountability Office,] notes that state legislators are misusing pension obligations on purpose to fund other projects. He found a number of states that 'game' the system and divert funds that should be going to pensions to fund other projects,' including Illinois, California and New York."
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