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State and Local Government Pensions Get a Grip on Future Costs
Institutional Investor Link to more items from this source
Apr. 22, 2013
"Not long after the biggest financial crisis in four generations, cries began in earnest to close these systems to new hires and replace them with defined contribution, or retirement savings, plans.... In all the clamor, it appears that one important detail has been drowned out. The fact is, the majority of states have been quite flexible in initiating changes to shore up their damaged funds and are on track to bring pension costs back to precrisis levels -- or lower."

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