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2014 Facts: State and Municipal Bankruptcy, Municipal Bonds, and State and Local Pensions (PDF)
National Association of State Retirement Administrators [NASRA] Link to more items from this source
[Opinion]
Feb. 12, 2014
"State and local employee retirement systems do not seek federal financial assistance. One-size-fits-all federal regulation is neither needed nor warranted and would only inhibit recovery efforts at the state and local levels.... On average, the portion of combined state and local government spending dedicated to retirement system contributions is less than five percent."

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