Wednesday, February 17, 2010

Public Employee Benefit Plans: Up to $1 Trillion in Unfunded Liabilities

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For years, employers in the private sector have been moving in the direction of versatile, 401(k) style retirement accounts. However, a vast majority of the 20 million state and local government workers in the U.S. have kept their generous, defined-benefit pension plans and over the years and have become huge liabilities that severely threaten the financial health of many states...



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