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DB Pensions for Public Employees Weather the Cost-Cutting Storm
Reuters Link to more items from this source
July 15, 2014

"Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get. Even as lawmakers raise retirement ages and trim cost-of-living increases, few are eyeing anything that would result in the kind of massive migration to 401(k)-style direct-contribution retirement plans that happened in the U.S. private sector."

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