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[Opinion]

2/13/2013: Nine Fallacies About Government Employee Pensions (The Heritage Foundation)

"Public-sector retirement benefits require fundamental reform, but defenders of the current system have argued vociferously against any major changes. Defenders claim that retirement benefits are not actually generous, or that paying for the benefits is much easier than economists claim. These arguments are misleading and inconsistent with standard financial economics.... Sound economic arguments will hopefully eliminate these fallacies as obstacles to public-pension reform."

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