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Experts Question a Main Premise of Municipal Pension Reform
Miami Herald
Feb. 14, 2013 "Actuarial and financial investment experts told [Florida] lawmakers that an oft-quoted study by two non-profits is exaggerating the problems facing pensions for city and county workers throughout Florida.... [Both the CEO of a Fort Myers actuarial firm and] an investment manager at an Orlando firm said that a slumping stock market was largely to blame for flat returns from pension funds in recent years. But they both said that was about to change and now was not the time to overreact." MORE >> |
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