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Sunday, July 22, 2012

''New Report Shows Total Public Pension Debt Exceeds $4.6 Trillion''

From Market Watch

''Today, State Budget Solutions (SBS), a nonprofit organization advocating for fundamental reform of state finances, released a groundbreaking report on the true scope of the state and local public pension crisis. The SBS analysis found that the average public employee pension plan is only 41 percent funded while total unfunded liabilities as of 2011 are at least $4.6 trillion.''

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