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Public Pension Costs Swamp Revenues of 10 U.S. States
Reuters June 27, 2013 "Ten U.S. states have public pension liabilities that are at least as big as their annual revenues, according to a Moody's Investors Service report ... that found the Illinois pension bill was equal to 241 percent of its revenues. The rating agency took a new approach to determining the health of public retirement systems by weighing each plan's net pension liability ... against state revenue." |
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