Tuesday, October 12, 2010

More Pension Shortfalls...

Report warns of coming wave of municipal pension shortfalls

By Michael A. Fletcher Washington Post Staff Writer
Tuesday, October 12, 2010; 12:12 AM

The nation's largest municipal pension plans are carrying a total unfunded liability of $574 billion, which comes on top of as much as $3 trillion in unfunded pension promises made by the states, according to a report released Tuesday.

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